Lone Pine Capital
Founded by Stephen Mandel · Greenwich, CT · CIK 1061165 · EDGAR filings ↗
Growth-oriented long/short equity.
Reported 13F portfolio value covers U.S. reportable long positions only, not cash, bonds, shorts or non-U.S. holdings. It is not assets under management.
Share of reported common-equity value; (±pp) vs prior quarter.
| # | Security | Weight | Value | Shares | Δ shares | Held | |
|---|---|---|---|---|---|---|---|
| 1 | META Meta Platforms, Inc. | 8.9% | $1.01B | 1.76M | -13.7% | ▼ Trim | 4 |
| 2 | INTU Intuit Inc. | 7.6% | $861.92M | 1.40M | +21.4% | ▲ Add | 4 |
| 3 | AMZN Amazon.com, Inc. | 7.3% | $828.15M | 4.35M | +14.9% | ▲ Add | 4 |
| 4 | MSFT Microsoft Corporation | 6.4% | $735.89M | 1.96M | +19.6% | ▲ Add | 4 |
| 5 | SBUX Starbucks Corporation | 5.7% | $648.17M | 6.61M | +2.0% | ▲ Add | 3 |
| 6 | TSM Taiwan Semiconductor… | 5.6% | $641.65M | 3.87M | +2.8% | ▲ Add | 4 |
| 7 | LPLA LPL Financial Holdings Inc. | 5.1% | $577.08M | 1.76M | -8.3% | ▼ Trim | 4 |
| 8 | COF Capital One Financial… | 5.0% | $569.48M | 3.18M | -1.8% | ▼ Trim | 2 |
| 9 | KKR KKR & Co. Inc. | 4.8% | $550.74M | 4.76M | +17.7% | ▲ Add | 4 |
| 10 | VST Vistra Corp. | 4.7% | $540.79M | 4.60M | -14.0% | ▼ Trim | 4 |
| 11 | FLTR.L Flutter Entertainment plc | 4.3% | $491.82M | 2.22M | +16.1% | ▲ Add | 2 |
| 12 | CVNA Carvana Co. | 4.2% | $483.85M | 2.31M | New | New | 1 |
| 13 | PM Philip Morris International… | 4.2% | $477.55M | 3.01M | -53.5% | ▼ Trim | 4 |
| 14 | CRM Salesforce, Inc. | 4.1% | $464.71M | 1.73M | +10.6% | ▲ Add | 3 |
| 15 | LLY Eli Lilly and Company | 4.0% | $455.76M | 551.83K | -29.5% | ▼ Trim | 2 |
| 16 | APP AppLovin Corporation | 3.7% | $422.34M | 1.59M | +46.9% | ▲ Add | 4 |
| 17 | TOL Toll Brothers, Inc. | 3.5% | $401.30M | 3.80M | New | New | 1 |
| 18 | ASML ASML Holding N.V. | 3.4% | $385.93M | 582.43K | +31.8% | ▲ Add | 4 |
| 19 | CDNS Cadence Design Systems, Inc. | 2.7% | $309.87M | 1.22M | New | New | 1 |
| 20 | ARES Ares Management Corporation | 2.1% | $235.23M | 1.60M | -4.3% | ▼ Trim | 4 |
| 21 | TLN Talen Energy Corporation | 1.9% | $217.52M | 1.09M | 0.0% | Held | 3 |
| 22 | WING Wingstop Inc. | 0.9% | $101.30M | 449.06K | New | New | 1 |
Common-stock (SH) positions only; option lines are in the Options tab and are never netted. ✂ = change computed against split-adjusted prior shares. “Held N+” = held every quarter in our window, possibly longer.
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| CVNA Carvana Co. | 2.31M | n/a | New | $483.85M | 4.2% | |
| TOL Toll Brothers, Inc. | 3.80M | n/a | New | $401.30M | 3.5% | |
| CDNS Cadence Design Systems… | 1.22M | n/a | New | $309.87M | 2.7% | |
| WING Wingstop Inc. | 449.06K | n/a | New | $101.30M | 0.9% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| INTU Intuit Inc. | 1.40M | 1.16M | +21.4% | $861.92M | 7.6% | ●●●○○○ |
| AMZN Amazon.com, Inc. | 4.35M | 3.79M | +14.9% | $828.15M | 7.3% | |
| TSM Taiwan Semiconductor… | 3.87M | 3.76M | +2.8% | $641.65M | 5.6% | |
| MSFT Microsoft Corporation | 1.96M | 1.64M | +19.6% | $735.89M | 6.4% | |
| SBUX Starbucks Corporation | 6.61M | 6.48M | +2.0% | $648.17M | 5.7% | ●●●○○○ |
| KKR KKR & Co. Inc. | 4.76M | 4.05M | +17.7% | $550.74M | 4.8% | |
| CRM Salesforce, Inc. | 1.73M | 1.57M | +10.6% | $464.71M | 4.1% | |
| FLTR.L Flutter Entertainment… | 2.22M | 1.91M | +16.1% | $491.82M | 4.3% | ●●○○○○ |
| APP AppLovin Corporation | 1.59M | 1.09M | +46.9% | $422.34M | 3.7% | |
| ASML ASML Holding N.V. | 582.43K | 441.77K | +31.8% | $385.93M | 3.4% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| META Meta Platforms, Inc. | 1.76M | 2.04M | -13.7% | $1.01B | 8.9% | |
| PM Philip Morris… | 3.01M | 6.47M | -53.5% | $477.55M | 4.2% | |
| VST Vistra Corp. | 4.60M | 5.35M | -14.0% | $540.79M | 4.7% | ●●●○○○ |
| LPLA LPL Financial Holdings… | 1.76M | 1.92M | -8.3% | $577.08M | 5.1% | ●●○○○○ |
| LLY Eli Lilly and Company | 551.83K | 782.86K | -29.5% | $455.76M | 4.0% | |
| COF Capital One Financial… | 3.18M | 3.24M | -1.8% | $569.48M | 5.0% | |
| ARES Ares Management… | 1.60M | 1.68M | -4.3% | $235.23M | 2.1% | ●●○○○○ |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| PTC PTC Inc. | n/a | 2.33M | Exit | $427.72M | 3.2% | |
| SPOT Spotify Technology S.A. | n/a | 913.56K | Exit | $408.71M | 3.0% | |
| WDAY Workday, Inc. | n/a | 1.54M | Exit | $398.26M | 3.0% | |
| CEG Constellation Energy… | n/a | 1.74M | Exit | $388.70M | 2.9% | |
| HWM Howmet Aerospace Inc. | n/a | 3.06M | Exit | $334.86M | 2.5% | |
| XYZ Block, Inc. | n/a | 3.77M | Exit | $320.05M | 2.4% | |
| LEN Lennar Corporation | n/a | 1.72M | Exit | $234.27M | 1.7% | |
| BTDR Bitdeer Technologies… | n/a | 986.72K | Exit | $21.38M | 0.2% | |
| HUT Hut 8 Corp. | n/a | 692.84K | Exit | $14.20M | 0.1% | |
| CIFR Cipher Mining Inc. | n/a | 2.34M | Exit | $10.88M | 0.1% | |
| WULF TeraWulf Inc. | n/a | 1.48M | Exit | $8.38M | 0.1% | |
| IREN IREN Limited | n/a | 711.84K | Exit | $6.99M | 0.1% |
13Fs report option notional (underlying shares and market value) but not strike, expiry, or whether the option was bought or written, so no direction can be inferred. Methodology
Consecutive quarters each current position has been reported, within our data window.
| Manager | Common positions | Name overlap | Weighted similarity | |
|---|---|---|---|---|
| Wcm Investment Management, Llc | 24 | 8.7% | 0.3835 | Compare ⇄ |
| Point72 Asset Management | 26 | 1.4% | 0.2224 | Compare ⇄ |
| Parnassus Investments, Llc | 10 | 6.3% | 0.1555 | Compare ⇄ |
| Coatue Management | 10 | 11.2% | 0.1425 | Compare ⇄ |
| Capital Research Global Investors | 18 | 4.2% | 0.1246 | Compare ⇄ |
| Third Point | 9 | 13.9% | 0.1243 | Compare ⇄ |
| Alkeon Capital Management Llc | 7 | 6.6% | 0.1236 | Compare ⇄ |
| Soros Fund Management | 9 | 3.5% | 0.1163 | Compare ⇄ |
Similarity of reported longs only; hedges and non-13F assets are invisible. Methodology
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