Coatue, Philippe Laffont Report 6,174,115 Shares in Chagee (5.2%)

Rhea-AI Filing Summary

Chagee Holdings Ltd. Schedule 13G reports that Coatue Management, L.L.C., Philippe Laffont and Coatue Growth Fund V LP each beneficially hold 6,174,115 Class A ordinary shares of Chagee (CUSIP 15743P104), representing 5.2% of the class as of the 06/30/2025 event date. The filing shows no sole voting or dispositive power; all voting and dispositive power is shared. The document lists Coatue Management (Delaware), Philippe Laffont (U.S.) and Coatue Growth Fund V LP (Delaware) as the reporting persons and provides the issuer address in Shanghai. The filing was signed on 08/14/2025 and includes a joint filing agreement and a control-person identification exhibit.

Positive

• Material disclosure of stake: Coatue and affiliated reporting persons disclosed a significant stake of 6,174,115 shares (5.2%).
• Clear classification: The filing identifies reporting persons, citizenship, addresses and exhibits (Joint Filing Agreement and Control Person Identification).

Negative

• None.

Insights

Financial Analyst

TL;DR: Institutional investor disclosed a >5% shared stake, signaling meaningful ownership but not control.

The Schedule 13G shows Coatue-affiliated entities and Philippe Laffont report shared beneficial ownership of 6,174,115 Class A shares (5.2%). Because the reporting persons indicate shared rather than sole voting or dispositive power, this holding likely reflects an investment position through managed vehicles rather than direct control. The size of the stake is material relative to regulatory thresholds and may attract investor attention, but the filing contains no operational, financial or strategic actions tied to the stake.

Corporate Governance Expert

TL;DR: Disclosure meets regulatory threshold; shared voting power implies coordination, not unilateral control.

The report identifies the parties, citizenship, addresses and the exact share counts, meeting Section 13 reporting requirements. Shared voting and dispositive power of 6,174,115 shares (5.2%) means the filers may coordinate on governance matters but have not claimed sole authority. The filing includes Exhibit A (joint filing agreement) and Exhibit B (control-person identification), which is standard when multiple related reporting persons file together.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Chagee Holdings Ltd.

(Name of Issuer)

Class A Ordinary Shares, par value US$0.0001

(Title of Class of Securities)

15743P104

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 15743P104

1

Names of Reporting Persons

Coatue Management, L.L.C.

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 6,174,115.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,174,115.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,174,115.00

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)

5.2 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

CUSIP No. 15743P104

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 6,174,115.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,174,115.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,174,115.00

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)

5.2 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

CUSIP No. 15743P104

1

Names of Reporting Persons

Coatue Growth Fund V 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 6,174,115.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,174,115.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,174,115.00

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)

5.2 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Chagee Holdings Ltd.
(b)	Address of issuer's principal executive offices: Tower B, Hongqiao Lianhe Building, No. 99 Kaihong Road, Changning District, Shanghai, People's Republic of China, 200051
Item 2.
(a)	Name of person filing: Coatue Management, L.L.C. Philippe Laffont Coatue Growth Fund V LP
(b)	Address or principal business office or, if none, residence: Coatue Management, L.L.C. 9 West 57th Street New York, New York 10019 Philippe Laffont c/o Coatue Management, L.L.C. 9 West 57th Street New York, New York 10019 Coatue Growth Fund V LP 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 of America Coatue Growth Fund V LP - Delaware
(d)	Title of class of securities: Class A Ordinary Shares, par value US$0.0001
(e)	CUSIP No.: 15743P104
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. - 6,174,115 Philippe Laffont - 6,174,115 Coatue Growth Fund V LP - 6,174,115
(b)	Percent of class: Coatue Management, L.L.C. - 5.2% Philippe Laffont - 5.2% Coatue Growth Fund V LP - 5.2%
(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 Growth Fund V LP - 0
	(ii) Shared power to vote or to direct the vote: Coatue Management, L.L.C. - 6,174,115 Philippe Laffont - 6,174,115 Coatue Growth Fund V LP - 6,174,115
	(iii) Sole power to dispose or to direct the disposition of: Coatue Management, L.L.C. - 0 Philippe Laffont - 0 Coatue Growth Fund V LP - 0
	(iv) Shared power to dispose or to direct the disposition of: Coatue Management, L.L.C. - 6,174,115 Philippe Laffont - 6,174,115 Coatue Growth Fund V LP - 6,174,115
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
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, L.L.C.

Signature:	/s/ Philippe Laffont
Name/Title:	Philippe Laffont/Authorized Signatory
Date:	08/14/2025

Philippe Laffont

Signature:	/s/ Philippe Laffont
Name/Title:	Philippe Laffont
Date:	08/14/2025

Coatue Growth Fund V LP

Signature:	By: Coatue Growth Fund V GP LP, its general partner, By: Coatue Growth Fund V GP Manager LLC, the general partner of Coatue Growth Fund V GP LP
Name/Title:	Philippe Laffont/Managing Member
Date:	08/14/2025

Comments accompanying signature: * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.

Exhibit Information

Exhibit A - Joint Filing Agreement Exhibit B - Control Person Identification

FAQ

What stake did Coatue report in Chagee Holdings (CHA)?

The filing reports a shared beneficial ownership of 6,174,115 Class A shares, equal to 5.2% of the class.

Does Coatue have sole voting or dispositive power over the CHA shares?

No. The Schedule 13G shows 0 sole voting power and 0 sole dispositive power; all reported power is shared.

What dates are included in the Schedule 13G for CHA?

The event date that requires filing is 06/30/2025 and the filing is signed on 08/14/2025.

Which entities and individuals filed the Schedule 13G for Chagee Holdings?

The filers are Coatue Management, L.L.C., Philippe Laffont, and Coatue Growth Fund V LP.

Are there exhibits attached to the filing?

Yes. The filing references Exhibit A (Joint Filing Agreement) and Exhibit B (Control Person Identification).