Stephen Mandel - Lone Pine Capital 13F Activity & Position Changes (Q1 2016)

According to the SEC 13F filed on Aug 14, 2026, the Lone Pine Capital portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2016. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2016, the filing reported:

New Buys - CommScope Holding Company, Inc., Monster Beverage Corporation, PayPal Holdings, Inc., Yum! Brands, Inc.

Increases - Adobe Inc., American Express Company, Anheuser-Busch Inbev SA Sponsor, Equinix, Inc., Alphabet Inc., and 7 more

Reductions - Amazon.com, Inc., Arista Networks, Inc., Dollar Tree, Inc., Electronic Arts Inc., Illumina, Inc., and 8 more

Complete Exits - Autodesk, Inc., Diageo plc, Hanesbrands Inc., Molson Coors Beverage Company, Walgreens Boots Alliance, Inc., and 1 more

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2016	ADBE Adobe Inc.	Adobe Inc.	Buy	+1,060,923	+26.4%	$475.86K	5,073,108
Q1 2016	ADSK Autodesk, Inc.	Autodesk, Inc.	Sell - Position Exit	-5,732,050	-100.0%	$0.00	-
Q1 2016	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-220,884	-10.0%	$1.18M	1,986,368
Q1 2016	ANET Arista Networks, Inc.	Arista Networks, Inc.	Sell	-304,460	-14.0%	$118.09K	1,871,465
Q1 2016	AXP American Express Company	American Express Company	Buy	+23,719	+1851.6%	$1.53K	25,000
Q1 2016	BUD Anheuser-Busch Inbev SA Sponsor	Anheuser-Busch Inbev SA Sponsor	Buy	+390,412	+26.2%	$234.09K	1,877,804
Q1 2016	COMM CommScope Holding Company, Inc.	CommScope Holding Company, Inc.	Buy - Position Entry	+852,986	-	$23.82K	852,986
Q1 2016	DEO Diageo plc	Diageo plc	Sell - Position Exit	-1,281	-100.0%	$0.00	-
Q1 2016	DLTR Dollar Tree, Inc.	Dollar Tree, Inc.	Sell	-1,587,638	-12.0%	$957.07K	11,606,484
Q1 2016	EA Electronic Arts Inc.	Electronic Arts Inc.	Sell	-4,532,970	-70.3%	$126.31K	1,910,643
Q1 2016	EQIX Equinix, Inc.	Equinix, Inc.	Buy	+213,821	+10.1%	$768.68K	2,324,330
Q1 2016	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+366,272	+88.8%	$580.23K	778,888
Q1 2016	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+241,562	+59.7%	$492.73K	645,859
Q1 2016	HBI Hanesbrands Inc.	Hanesbrands Inc.	Sell - Position Exit	-9,336,411	-100.0%	$0.00	-
Q1 2016	ILMN Illumina, Inc.	Illumina, Inc.	Sell	-1,934,677	-53.6%	$271.56K	1,675,158
Q1 2016	JD JD.com, Inc.	JD.com, Inc.	Sell	-4,916,296	-18.2%	$585.10K	22,079,215
Q1 2016	LNG Cheniere Energy, Inc.	Cheniere Energy, Inc.	Buy	+292,901	+2.3%	$435.89K	12,884,676
Q1 2016	LULU lululemon athletica inc.	lululemon athletica inc.	Sell	-1,162,064	-18.3%	$351.15K	5,186,084
Q1 2016	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-1,074,000	-17.5%	$479.74K	5,076,587
Q1 2016	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+1,628,196	+16.6%	$1.30M	11,413,508
Q1 2016	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Sell	-68,481	-3.6%	$347.11K	1,818,269
Q1 2016	MNST Monster Beverage Corporation	Monster Beverage Corporation	Buy - Position Entry	+1,114,561	-	$148.66K	1,114,561
Q1 2016	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-1,490,475	-5.5%	$1.42M	25,771,549
Q1 2016	NKE Nike, Inc.	Nike, Inc.	Buy	+500,191	+4.4%	$737.42K	11,996,379
Q1 2016	NOC Northrop Grumman Corporation	Northrop Grumman Corporation	Buy	+1,117,695	+52.4%	$643.13K	3,249,789
Q1 2016	PYPL PayPal Holdings, Inc.	PayPal Holdings, Inc.	Buy - Position Entry	+10,430,118	-	$402.60K	10,430,118
Q1 2016	STZ Constellation Brands, Inc.	Constellation Brands, Inc.	Buy	+545,228	+10.2%	$890.86K	5,896,221
Q1 2016	TAP Molson Coors Beverage Company	Molson Coors Beverage Company	Sell - Position Exit	-2,354,601	-100.0%	$0.00	-
Q1 2016	TDG Transdigm Group Incorporated	Transdigm Group Incorporated	Sell	-53,500	-2.5%	$466.65K	2,117,859
Q1 2016	ULTA Ulta Beauty, Inc.	Ulta Beauty, Inc.	Sell	-213,996	-6.0%	$651.54K	3,362,968

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