Cerebras Systems Inc. reported that investment firm Coatue Management, L.L.C. and related entities have filed as significant beneficial owners of its Class A common stock, $0.00001 par value per share. As of June 30, 2026, Coatue Management and Philippe Laffont each reported beneficial ownership of 7,011,028 shares of Class A common stock, representing 7.1% of the class, all with shared voting and dispositive power.
Coatue Private Fund II LP and Coatue Private II GP LLC each reported beneficial ownership of 6,129,242 shares, or 6.2% of the Class A common stock, also with shared voting and dispositive power. The positions include Class B common stock that is convertible into Class A within 60 days, including 6,670,101 Class B shares indirectly beneficially owned by Coatue Management and Philippe Laffont. All securities are directly owned by advisory clients of Coatue Management, with only Coatue Private Fund II LP reported as exceeding 5%.
Positive
None.
Negative
None.
Key Figures
Beneficial ownership shares:7,011,028 sharesOwnership percentage:7.1%Coatue Private Fund II LP shares:6,129,242 shares+2 more
5 metrics
Beneficial ownership shares7,011,028 sharesShares of Class A common stock beneficially owned by Coatue Management, L.L.C. and Philippe Laffont
Ownership percentage7.1%Percent of Cerebras Systems Class A common stock reported by Coatue Management and Philippe Laffont
Coatue Private Fund II LP shares6,129,242 sharesClass A common stock beneficially owned by Coatue Private Fund II LP
Coatue Private Fund II LP ownership6.2%Percent of Class A common stock held by Coatue Private Fund II LP
Convertible Class B shares6,670,101 sharesClass B common stock indirectly beneficially owned by Coatue Management and Philippe Laffont, convertible within 60 days
"this Reporting Person was deemed to indirectly beneficially own 6,670,101 shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
shared voting powerfinancial
"Shared Voting Power 7,011,028.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 7,011,028.00"
investment adviserfinancial
"None of those advisory clients, other than Coatue Private Fund II LP, may be deemed"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
control personfinancial
"Exhibit B - Control Person Identification"
A control person is an individual or entity that can significantly influence a company’s decisions and direction through ownership, voting power, or contractual rights—think of them as the captain who can steer the ship. Investors care because a control person’s choices affect corporate strategy, board appointments, and transactions that can raise or lower a stock’s value, and they often carry additional legal responsibilities and disclosure requirements to protect other shareholders.
FAQ
What percentage of Cerebras Systems Inc. (CBRS) does Coatue Management report owning?
Coatue Management, L.L.C. reports beneficial ownership of 7,011,028 shares of Cerebras Systems Inc. Class A common stock, representing 7.1% of the class as of June 30, 2026, with shared voting and dispositive power over these shares.
How many Cerebras Systems Inc. (CBRS) shares are reported by Coatue Private Fund II LP?
Coatue Private Fund II LP reports beneficial ownership of 6,129,242 shares of Cerebras Systems Inc. Class A common stock, representing 6.2% of the outstanding class, all subject to shared voting and shared dispositive power through related Coatue entities.
What is Philippe Laffont’s reported ownership stake in Cerebras Systems Inc. (CBRS)?
Philippe Laffont is reported to beneficially own 7,011,028 shares of Cerebras Systems Inc. Class A common stock, or 7.1% of the class, through shared voting and dispositive power tied to Coatue-managed advisory client accounts.
How are Class B shares of Cerebras Systems Inc. (CBRS) treated in this Schedule 13G?
The filing states that certain holders indirectly or directly beneficially own Class B common stock that is convertible into Class A common stock within 60 days, including 6,670,101 Class B shares attributed to Coatue Management and Philippe Laffont.
Who directly owns the Cerebras Systems Inc. (CBRS) securities reported by Coatue?
The filing explains that all reported Cerebras Systems Inc. securities are directly owned by advisory clients of Coatue Management, L.L.C. and that, apart from Coatue Private Fund II LP, those individual advisory clients are not deemed to beneficially own more than 5% of the Class A shares.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Cerebras Systems Inc.
(Name of Issuer)
Class A common stock, $0.00001 par value per share
(Title of Class of Securities)
15675D103
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
15675D103
1
Names of Reporting Persons
COATUE MANAGEMENT LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
7,011,028.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,011,028.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,011,028.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.1 %
12
Type of Reporting Person (See Instructions)
IA, OO
Comment for Type of Reporting Person: As of June 30, 2026, this Reporting Person was deemed to indirectly beneficially own 6,670,101 shares of Class B common stock of the Issuer which the Reporting Person was able to convert to Class A common stock within 60 days.
SCHEDULE 13G
CUSIP Number(s):
15675D103
1
Names of Reporting Persons
Philippe Laffont
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
7,011,028.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,011,028.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,011,028.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.1 %
12
Type of Reporting Person (See Instructions)
HC, IN
Comment for Type of Reporting Person: As of June 30, 2026, this Reporting Person was deemed to indirectly beneficially own 6,670,101 shares of Class B common stock of the Issuer which the Reporting Person was able to convert to Class A common stock within 60 days.
SCHEDULE 13G
CUSIP Number(s):
15675D103
1
Names of Reporting Persons
Coatue Private Fund II LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
6,129,242.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
6,129,242.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
6,129,242.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.2 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: As of June 30, 2026, this Reporting Person was deemed to directly beneficially own 6,129,242 shares of Class B common stock of the Issuer which the Reporting Person was able to convert to Class A common stock within 60 days.
SCHEDULE 13G
CUSIP Number(s):
15675D103
1
Names of Reporting Persons
Coatue Private II GP LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
6,129,242.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
6,129,242.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
6,129,242.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.2 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: As of June 30, 2026, this Reporting Person was deemed to indirectly beneficially own 6,129,242 shares of Class B common stock of the Issuer which the Reporting Person was able to convert to Class A common stock within 60 days.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Cerebras Systems Inc.
(b)
Address of issuer's principal executive offices:
1237 E. Arques Avenue Sunnyvale, California 94085
Item 2.
(a)
Name of person filing:
Coatue Management, L.L.C.
Philippe Laffont
Coatue Private Fund II LP
Coatue Private II GP LLC
(b)
Address or principal business office or, if none, residence:
Coatue Management, L.L.C.
9 West 57th street, 25th Floor
New York, New York 10019
Philippe Laffont
c/o Coatue Management, L.L.C.
9 West 57th Street
New York, New York 10019
Coatue Private Fund II LP
c/o Coatue Management, L.L.C.
9 West 57th Street
New York, New York 10019
Coatue Private II GP LLC
c/o Coatue Management, L.L.C.
9 West 57th Street
New York, New York 10019
(c)
Citizenship:
Coatue Management, L.L.C. - Delaware
Philippe Laffont - United States
Coatue Private Fund II LP - Delaware
Coatue Private II GP LLC - Delaware
(d)
Title of class of securities:
Class A common stock, $0.00001 par value per share
(e)
CUSIP Number(s):
15675D103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Coatue Management, L.L.C. - 7,011,028
Philippe Laffont - 7,011,028
Coatue Private Fund II LP - 6,129,242
Coatue Private II GP LLC - 6,129,242
(b)
Percent of class:
Coatue Management, L.L.C. - 7.1%
Philippe Laffont - 7.1%
Coatue Private Fund II LP - 6.2%
Coatue Private II GP LLC - 6.2%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Coatue Management, L.L.C. - 0
Philippe Laffont - 0
Coatue Private Fund II LP - 0
Coatue Private II GP LLC - 0
(ii) Shared power to vote or to direct the vote:
Coatue Management, L.L.C. - 7,011,028
Philippe Laffont - 7,011,028
Coatue Private Fund II LP - 6,129,242
Coatue Private II GP LLC - 6,129,242
(iii) Sole power to dispose or to direct the disposition of:
Coatue Management, L.L.C. - 0
Philippe Laffont - 0
Coatue Private Fund II LP - 0
Coatue Private II GP LLC - 0
(iv) Shared power to dispose or to direct the disposition of:
Coatue Management, L.L.C. - 7,011,028
Philippe Laffont - 7,011,028
Coatue Private Fund II LP - 6,129,242
Coatue Private II GP LLC - 6,129,242
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
All of the securities reported in this Schedule 13G are directly owned by advisory clients of Coatue Management, L.L.C. None of those advisory clients, other than Coatue Private Fund II LP, may be deemed to beneficially own more than 5% of the Class A common stock, $0.00001 par value per share.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Please see Exhibit B attached hereto.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
COATUE MANAGEMENT LLC
Signature:
/s/ Philippe Laffont
Name/Title:
Philippe Laffont, Authorized Signatory
Date:
08/14/2026
Philippe Laffont
Signature:
/s/ Philippe Laffont
Name/Title:
Philippe Laffont
Date:
08/14/2026
Coatue Private Fund II LP
Signature:
By: Coatue Private II GP, LLC, its general partner, /s/ Philippe Laffont
Name/Title:
Philippe Laffont, Authorized Signatory
Date:
08/14/2026
Coatue Private II GP LLC
Signature:
/s/ Philippe Laffont
Name/Title:
Philippe Laffont
Date:
08/14/2026
Exhibit Information
Exhibit A - Joint Filing Agreement
Exhibit B - Control Person Identification
