LONE PINE CAPITAL LLC

Hedge Fund • Long/Short

LONE PINE CAPITAL LLC is a Long/Short Hedge Fund based in Greenwich, CT led by Stephen Frank Mandel, reporting $20.1B in AUM as of Q2 2025 with 62% concentrated in top 10 holdings.

Managing PartnerStephen Frank Mandel

Portfolio Value: $13.8B
Positions: 22
Top Holding: VST at 9.08%
Last Reported: Q2 2025

AddressTwo Greenwich Plaza, Suite 220, Greenwich, CT, 06830, United States

Top Holdings

Largest long holdings in LONE PINE CAPITAL LLC's portfolio (61.9% of total portfolio)

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Holding	Sector	Market Value	Weight	Ownership	Owned Since
1 Vistra VST	Independent Power Producers Utilities	$1.3B	9.08%	1.91% 6.5M shares	Q1 2024 Held for 1y 7m
2 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.2B	8.90%	0.07% 1.7M shares	Q3 2023 Held for 2y 1m
3 Amazon AMZN	Specialty Retail Consumer Cyclical	$1.1B	8.00%	0.05% 5.0M shares	Q4 2017 Held for 7y 9m
4 Microsoft MSFT	Software - Infrastructure Technology	$922.6M	6.68%	0.02% 1.9M shares	Q4 2013 Held for 11y 9m
5 Taiwan Semiconductor Manufacturing Company TSM	Semiconductors Technology	$778.2M	5.63%	— 3.4M shares	Q4 2022 Held for 2y 10m
6 LPL Financial Holdings LPLA	Financial - Capital Markets Financial Services	$702.0M	5.08%	2.34% 1.9M shares	Q2 2022 Held for 3y 4m
7 KKR & Co. KKR	Asset Management Financial Services	$694.7M	5.03%	0.59% 5.2M shares	Q1 2023 Held for 2y 7m
8 Capital One Financial COF	Financial - Credit Services Financial Services	$655.4M	4.75%	0.48% 3.1M shares	Q4 2024 Held for 9 months
9 Intuit INTU	Software - Application Technology	$607.8M	4.40%	0.28% 771.7K shares	Q4 2023 Held for 1y 10m
10 Carvana CVNA	Specialty Retail Consumer Cyclical	$594.8M	4.31%	1.31% 1.8M shares	Q1 2025 Held for 7 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in LONE PINE CAPITAL LLC's latest filing

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Market Value

$13.8B

Prior: $11.4B

Q/Q Change

+21.0%

+$2.4B

Net Flows % of MV

-10.56%

Turnover Ratio

14.97%

New Purchases

2 stocks

$690.2M

Added To

5 stocks

+$648.2M

Sold Out Of

5 stocks

$1.5B

Reduced Holdings

11 stocks

-$1.3B

Increased Positions

Position	Shares Δ	Change
1 Brookfield BN	New	0 → 5.6M +$347.7M
2 Wix.com WIX	New	0 → 2.2M +$342.5M
3 Vistra VST	+40.5%	4.6M → 6.5M +$361.4M
4 Amazon AMZN	+15.64%	4.4M → 5.0M +$149.4M
5 KKR & Co. KKR	+9.61%	4.8M → 5.2M +$60.9M

Decreased Positions

Position	Shares Δ	Change
1 Eli Lilly LLY	Sold	551.8K → 0 −$455.8M
2 Toll Brothers TOL	Sold	3.8M → 0 −$401.3M
3 Cadence Design Systems CDNS	Sold	1.2M → 0 −$309.9M
4 Ares Management Corporation ARES	Sold	1.6M → 0 −$235.2M
5 Wingstop WING	Sold	449.1K → 0 −$101.3M

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Analytics

Portfolio insights and performance metrics for LONE PINE CAPITAL LLC

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Sector Allocation

Technology

26.10%

Consumer Cyclical

22.40%

Financial Services

17.40%

Utilities

9.10%

Communication Services

8.90%

Healthcare

3.80%

Consumer Defensive

3.60%

Energy

3.20%

Market Cap Distribution

Mega Cap (> $200B)

39.11%

Large Cap ($10B - $200B)

49.48%

Mid Cap ($2B - $10B)

2.48%

N/A (ETF or Unknown)

8.92%

Portfolio Concentration

Top 10 Holdings %

61.85%

Top 20 Holdings %

95.23%

Top 50 Holdings %

100.0%

Top 100 Holdings %