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 | — | New | $528.27M | 3.8% | |
| EQT EQT Corporation | 7.52M | — | New | $438.46M | 3.2% | |
| BN Brookfield Corporation | 5.62M | — | New | $347.68M | 2.5% | |
| BKNG Booking Holdings Inc. | 59.97K | — | New | $347.19M | 2.5% | |
| WIX Wix.com Ltd. | 2.16M | — | 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 | — | 551.83K | Exit | $455.76M | 4.0% | |
| TOL Toll Brothers, Inc. | — | 3.80M | Exit | $401.30M | 3.5% | |
| CDNS Cadence Design Systems… | — | 1.22M | Exit | $309.87M | 2.7% | |
| ARES Ares Management… | — | 1.60M | Exit | $235.23M | 2.1% | |
| WING Wingstop Inc. | — | 449.06K | Exit | $101.30M | 0.9% |
| Underlying | Type | Underlying shares | Reported value |
|---|---|---|---|
| CVNA | Call | 383.50K | $129.22M |
| APP | Call | 315.60K | $110.49M |
13Fs report option notional (underlying shares and market value) but not strike, expiry, or whether the option was bought or written — 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 | 14.8% | 0.1245 | Compare ⇄ |
| Alkeon Capital Management Llc | 7 | 6.6% | 0.1236 | Compare ⇄ |
| Soros Fund Management | 9 | 3.5% | 0.118 | Compare ⇄ |
Similarity of reported longs only — hedges and non-13F assets are invisible. Methodology
$16.36B · 34 positions · View original SEC filing ↗
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$13.61B · 32 positions · View original SEC filing ↗
$13.74B · 25 positions · View original SEC filing ↗
$14.05B · 24 positions · View original SEC filing ↗
$11.58B · 24 positions · View original SEC filing ↗
$13.47B · 30 positions · View original SEC filing ↗
$13.41B · 29 positions · View original SEC filing ↗
$12.33B · 24 positions · View original SEC filing ↗