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 | VST Vistra Corp. | 9.1% | $1.25B | 6.47M | +40.5% | ▲ Add | 5 |
| 2 | META Meta Platforms, Inc. | 8.9% | $1.23B | 1.67M | -5.3% | ▼ Trim | 5 |
| 3 | AMZN Amazon.com, Inc. | 8.0% | $1.10B | 5.03M | +15.6% | ▲ Add | 5 |
| 4 | MSFT Microsoft Corporation | 6.7% | $922.62M | 1.85M | -5.4% | ▼ Trim | 5 |
| 5 | TSM Taiwan Semiconductor… | 5.6% | $778.20M | 3.44M | -11.1% | ▼ Trim | 5 |
| 6 | LPLA LPL Financial Holdings Inc. | 5.1% | $702.04M | 1.87M | +6.1% | ▲ Add | 5 |
| 7 | KKR KKR & Co. Inc. | 5.0% | $694.65M | 5.22M | +9.6% | ▲ Add | 5 |
| 8 | COF Capital One Financial… | 4.7% | $655.44M | 3.08M | -3.0% | ▼ Trim | 3 |
| 9 | INTU Intuit Inc. | 4.4% | $607.79M | 771.67K | -45.0% | ▼ Trim | 5 |
| 10 | CVNA Carvana Co. | 4.3% | $594.83M | 1.77M | -23.7% | ▼ Trim | 2 |
| 11 | FLTR.L Flutter Entertainment plc | 3.9% | $532.30M | 1.86M | -16.1% | ▼ Trim | 3 |
| 12 | UNH UnitedHealth Group… | 3.8% | $528.27M | 1.69M | New | New | 1 |
| 13 | SBUX Starbucks Corporation | 3.7% | $509.64M | 5.56M | -15.8% | ▼ Trim | 4 |
| 14 | CRM Salesforce, Inc. | 3.7% | $508.07M | 1.86M | +7.6% | ▲ Add | 4 |
| 15 | PM Philip Morris International… | 3.6% | $502.26M | 2.76M | -8.3% | ▼ Trim | 5 |
| 16 | ASML ASML Holding N.V. | 3.3% | $454.28M | 566.86K | -2.7% | ▼ Trim | 5 |
| 17 | APP AppLovin Corporation | 3.2% | $441.57M | 1.26M | -20.9% | ▼ Trim | 5 |
| 18 | EQT EQT Corporation | 3.2% | $438.46M | 7.52M | New | New | 1 |
| 19 | BN Brookfield Corporation | 2.5% | $347.68M | 5.62M | New | New | 1 |
| 20 | BKNG Booking Holdings Inc. | 2.5% | $347.19M | 59.97K | New | New | 1 |
| 21 | WIX Wix.com Ltd. | 2.5% | $342.48M | 2.16M | New | New | 1 |
| 22 | TLN Talen Energy Corporation | 2.3% | $316.76M | 1.09M | 0.0% | Held | 4 |
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 |
|---|---|---|---|---|---|---|
| UNH UnitedHealth Group… | 1.69M | n/a | New | $528.27M | 3.8% | |
| EQT EQT Corporation | 7.52M | n/a | New | $438.46M | 3.2% | |
| BN Brookfield Corporation | 5.62M | n/a | New | $347.68M | 2.5% | |
| BKNG Booking Holdings Inc. | 59.97K | n/a | New | $347.19M | 2.5% | |
| WIX Wix.com Ltd. | 2.16M | n/a | New | $342.48M | 2.5% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| VST Vistra Corp. | 6.47M | 4.60M | +40.5% | $1.25B | 9.1% | |
| AMZN Amazon.com, Inc. | 5.03M | 4.35M | +15.6% | $1.10B | 8.0% | ●●○○○○ |
| LPLA LPL Financial Holdings… | 1.87M | 1.76M | +6.1% | $702.04M | 5.1% | |
| KKR KKR & Co. Inc. | 5.22M | 4.76M | +9.6% | $694.65M | 5.0% | ●●○○○○ |
| CRM Salesforce, Inc. | 1.86M | 1.73M | +7.6% | $508.07M | 3.7% | ●●○○○○ |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| META Meta Platforms, Inc. | 1.67M | 1.76M | -5.3% | $1.23B | 8.9% | ●●○○○○ |
| MSFT Microsoft Corporation | 1.85M | 1.96M | -5.4% | $922.62M | 6.7% | |
| INTU Intuit Inc. | 771.67K | 1.40M | -45.0% | $607.79M | 4.4% | |
| TSM Taiwan Semiconductor… | 3.44M | 3.87M | -11.1% | $778.20M | 5.6% | |
| COF Capital One Financial… | 3.08M | 3.18M | -3.0% | $655.44M | 4.7% | ●●○○○○ |
| SBUX Starbucks Corporation | 5.56M | 6.61M | -15.8% | $509.64M | 3.7% | |
| CVNA Carvana Co. | 1.77M | 2.31M | -23.7% | $594.83M | 4.3% | |
| FLTR.L Flutter Entertainment… | 1.86M | 2.22M | -16.1% | $532.30M | 3.9% | |
| PM Philip Morris… | 2.76M | 3.01M | -8.3% | $502.26M | 3.6% | ●●○○○○ |
| ASML ASML Holding N.V. | 566.86K | 582.43K | -2.7% | $454.28M | 3.3% | |
| APP AppLovin Corporation | 1.26M | 1.59M | -20.9% | $441.57M | 3.2% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| LLY Eli Lilly and Company | n/a | 551.83K | Exit | $455.76M | 4.0% | |
| TOL Toll Brothers, Inc. | n/a | 3.80M | Exit | $401.30M | 3.5% | |
| CDNS Cadence Design Systems… | n/a | 1.22M | Exit | $309.87M | 2.7% | |
| ARES Ares Management… | n/a | 1.60M | Exit | $235.23M | 2.1% | |
| WING Wingstop Inc. | n/a | 449.06K | Exit | $101.30M | 0.9% |
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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