管理人记录 · ✦ 精选 · 已归档季度

Lone Pine Capital

Founded by Stephen Mandel · Greenwich, CT · CIK 1061165 · EDGAR 文件 ↗

Growth-oriented long/short equity.

Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 差异 ⇄

$13.41B13F报告持仓市值

29持仓明细

54.9%前十大权重

21.70有效持仓

18.9%预计换手率

+9新增

−4清仓

申报的13F投资组合价值仅涵盖美国应申报多头仓位，不含现金、债券、空头仓位或非美国持仓，不等同于管理规模。

各季度报告持仓市值 Q2 2024 → Q2 2026

板块敞口

科技 35.9% (-1.4pp)

可选消费 17.1% (+3.1pp)

通信服务 12.3% (+2.3pp)

公用事业 11.8% (+4.4pp)

金融服务 10.8% (-4.0pp)

工业 4.5% (+0.1pp)

必选消费 4.1% (-1.4pp)

医疗保健 3.6% (-3.0pp)

占已申报普通股权益价值的比例；（±pp）较上一季度。

持仓组合 · Q3 2024

#	证券	权重	价值	股份	Δ股份		持有
1	META Meta Platforms, Inc.	8.1%	$1.08B	1.89M	+35.6%	▲ Add	2
2	AMZN Amazon.com, Inc.	7.6%	$1.02B	5.48M	+23.2%	▲ Add	2
3	VST Vistra Corp.	6.0%	$806.82M	6.81M	-0.5%	▼ Trim	2
4	TSM Taiwan Semiconductor…	5.5%	$731.65M	4.21M	-29.8%	▼ Trim	2
5	MSFT Microsoft Corporation	5.3%	$712.48M	1.66M	-18.0%	▼ Trim	2
6	CRM Salesforce, Inc.	4.8%	$639.89M	2.34M	新增	New	1
7	CEG Constellation Energy…	4.6%	$622.55M	2.39M	+49.2%	▲ Add	2
8	KKR KKR & Co. Inc.	4.4%	$590.58M	4.52M	-29.2%	▼ Trim	2
9	INTU Intuit Inc.	4.3%	$572.17M	921.36K	+2.1%	▲ Add	2
10	SPOT Spotify Technology S.A.	4.3%	$572.15M	1.55M	-8.0%	▼ Trim	2
11	LEN Lennar Corporation	4.1%	$548.88M	2.93M	新增	New	1
12	PM Philip Morris International…	4.1%	$543.95M	4.48M	-32.8%	▼ Trim	2
13	XYZ Block, Inc.	3.8%	$514.92M	7.67M	0.0%	Held	2
14	LPLA LPL Financial Holdings Inc.	3.8%	$507.17M	2.18M	+29.4%	▲ Add	2
15	UNH UnitedHealth Group…	3.6%	$480.54M	821.88K	-13.0%	▼ Trim	2
16	PTC PTC Inc.	3.4%	$460.36M	2.55M	0.0%	Held	2
17	ASML ASML Holding N.V.	3.4%	$459.38M	551.31K	-6.2%	▼ Trim	2
18	SBUX Starbucks Corporation	2.9%	$394.92M	4.05M	新增	New	1
19	WDAY Workday, Inc.	2.9%	$392.13M	1.60M	新增	New	1
20	BKNG Booking Holdings Inc.	2.4%	$321.86M	76.41K	-27.4%	▼ Trim	2
21	ARES Ares Management Corporation	2.4%	$319.76M	2.05M	+30.3%	▲ Add	2
22	APP AppLovin Corporation	2.3%	$309.39M	2.37M	-58.4%	▼ Trim	2
23	HWM Howmet Aerospace Inc.	2.3%	$306.94M	3.06M	-16.5%	▼ Trim	2
24	GEV GE Vernova Inc.	2.2%	$294.76M	1.16M	-21.7%	▼ Trim	2
25	TLN Talen Energy Corporation	1.1%	$152.61M	856.22K	新增	New	1
26	HUT Hut 8 Corp.	0.1%	$15.11M	1.23M	新增	New	1
27	WULF TeraWulf Inc.	0.1%	$14.36M	3.07M	新增	New	1
28	BTDR Bitdeer Technologies Group	0.1%	$10.16M	1.30M	新增	New	1
29	IREN IREN Limited	0.0%	$6.01M	711.84K	新增	New	1

仅含普通股（SH）持仓；期权行显示于"期权"标签页，且不作净额处理。✂ = 变动基于拆股调整后的前期持股数计算。"持有 N+ 季度"= 在我们的数据窗口内每季度均有持仓，实际持有时间可能更长。

证券	股份	上期	变动	价值	权重
CRM Salesforce, Inc.	2.34M	n/a	新增	$639.89M	4.8%
LEN Lennar Corporation	2.93M	n/a	新增	$548.88M	4.1%
SBUX Starbucks Corporation	4.05M	n/a	新增	$394.92M	2.9%
WDAY Workday, Inc.	1.60M	n/a	新增	$392.13M	2.9%
TLN Talen Energy Corporation	856.22K	n/a	新增	$152.61M	1.1%
HUT Hut 8 Corp.	1.23M	n/a	新增	$15.11M	0.1%
WULF TeraWulf Inc.	3.07M	n/a	新增	$14.36M	0.1%
BTDR Bitdeer Technologies…	1.30M	n/a	新增	$10.16M	0.1%
IREN IREN Limited	711.84K	n/a	新增	$6.01M	0.0%

证券	股份	上期	变动	价值	权重
META Meta Platforms, Inc.	1.89M	1.39M	+35.6%	$1.08B	8.1%
AMZN Amazon.com, Inc.	5.48M	4.45M	+23.2%	$1.02B	7.6%
CEG Constellation Energy…	2.39M	1.60M	+49.2%	$622.55M	4.6%
INTU Intuit Inc.	921.36K	902.45K	+2.1%	$572.17M	4.3%
LPLA LPL Financial Holdings…	2.18M	1.69M	+29.4%	$507.17M	3.8%
ARES Ares Management…	2.05M	1.57M	+30.3%	$319.76M	2.4%

证券	股份	上期	变动	价值	权重
TSM Taiwan Semiconductor…	4.21M	6.00M	-29.8%	$731.65M	5.5%
MSFT Microsoft Corporation	1.66M	2.02M	-18.0%	$712.48M	5.3%
VST Vistra Corp.	6.81M	6.84M	-0.5%	$806.82M	6.0%
PM Philip Morris…	4.48M	6.67M	-32.8%	$543.95M	4.1%
KKR KKR & Co. Inc.	4.52M	6.39M	-29.2%	$590.58M	4.4%
ASML ASML Holding N.V.	551.31K	587.89K	-6.2%	$459.38M	3.4%
SPOT Spotify Technology S.A.	1.55M	1.69M	-8.0%	$572.15M	4.3%
UNH UnitedHealth Group…	821.88K	944.32K	-13.0%	$480.54M	3.6%
APP AppLovin Corporation	2.37M	5.70M	-58.4%	$309.39M	2.3%
BKNG Booking Holdings Inc.	76.41K	105.18K	-27.4%	$321.86M	2.4%
HWM Howmet Aerospace Inc.	3.06M	3.67M	-16.5%	$306.94M	2.3%
GEV GE Vernova Inc.	1.16M	1.48M	-21.7%	$294.76M	2.2%

证券	股份	上期	变动	价值	权重
MA Mastercard Incorporated	n/a	1.04M	退出	$460.38M	3.7%
BBWI Bath & Body Works, Inc.	n/a	11.32M	退出	$441.87M	3.6%
MCK McKesson Corporation	n/a	560.94K	退出	$327.61M	2.7%
AVDX	n/a	5.08M	退出	$61.24M	0.5%

持仓持有时长

90–1 季度

202–4 季度

当前各持仓在我们数据窗口内已连续报告的季度数。

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