Stephen Mandel - Lone Pine Capital 13F Activity & Position Changes (Q2 2020)

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 Jun 30, 2020. 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 Q2 2020, the filing reported:

New Buys - Booking Holdings Inc. Common St, Capital One Financial Corporati, Salesforce, Inc., Datadog, Inc., Discover Financial Services, and 3 more

Increases - Dayforce, Inc., Humana Inc., Meta Platforms, Inc., Microsoft Corporation, ServiceNow, Inc., and 3 more

Reductions - Adobe Inc., Autodesk, Inc., Amazon.com, Inc., Carvana Co., Global Payments Inc., and 4 more

Complete Exits - Alibaba Group Holding Limited, Cadence Design Systems, Inc., Chewy, Inc., Equifax, Inc., Hilton Worldwide Holdings Inc., and 6 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
Q2 2020	ADBE Adobe Inc.	Adobe Inc.	Sell	-834,737	-31.5%	$791.70K	1,818,713
Q2 2020	ADSK Autodesk, Inc.	Autodesk, Inc.	Sell	-1,931,517	-48.0%	$500.36K	2,091,892
Q2 2020	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-125,430	-21.5%	$1.26M	457,541
Q2 2020	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell - Position Exit	-6,336,587	-100.0%	$0.00	-
Q2 2020	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy - Position Entry	+596,133	-	$949.25K	596,133
Q2 2020	CDNS Cadence Design Systems, Inc.	Cadence Design Systems, Inc.	Sell - Position Exit	-1,288,594	-100.0%	$0.00	-
Q2 2020	CHWY Chewy, Inc.	Chewy, Inc.	Sell - Position Exit	-1,299,749	-100.0%	$0.00	-
Q2 2020	COF Capital One Financial Corporati	Capital One Financial Corporati	Buy - Position Entry	+10,278,292	-	$643.32K	10,278,292
Q2 2020	CRM Salesforce, Inc.	Salesforce, Inc.	Buy - Position Entry	+3,045,252	-	$570.47K	3,045,252
Q2 2020	CVNA Carvana Co.	Carvana Co.	Sell	-4,250,510	-83.3%	$102.13K	849,665
Q2 2020	DAY Dayforce, Inc.	Dayforce, Inc.	Buy	+2,513,797	+77.5%	$456.47K	5,758,477
Q2 2020	DDOG Datadog, Inc.	Datadog, Inc.	Buy - Position Entry	+6,832,849	-	$594.12K	6,832,849
Q2 2020	DFS Discover Financial Services	Discover Financial Services	Buy - Position Entry	+2,035,812	-	$101.97K	2,035,812
Q2 2020	DXCM DexCom, Inc.	DexCom, Inc.	Buy - Position Entry	+339,546	-	$137.65K	339,546
Q2 2020	EFX Equifax, Inc.	Equifax, Inc.	Sell - Position Exit	-3,171,575	-100.0%	$0.00	-
Q2 2020	GPN Global Payments Inc.	Global Payments Inc.	Sell	-165,056	-3.3%	$812.40K	4,789,516
Q2 2020	HLT Hilton Worldwide Holdings Inc.	Hilton Worldwide Holdings Inc.	Sell - Position Exit	-2,952,652	-100.0%	$0.00	-
Q2 2020	HUBS HubSpot, Inc.	HubSpot, Inc.	Sell - Position Exit	-776,490	-100.0%	$0.00	-
Q2 2020	HUM Humana Inc.	Humana Inc.	Buy	+259,953	+12.0%	$939.91K	2,424,024
Q2 2020	HWM Howmet Aerospace Inc.	Howmet Aerospace Inc.	Buy - Position Entry	+7,888,593	-	$125.03K	7,888,593
Q2 2020	LYV Live Nation Entertainment, Inc.	Live Nation Entertainment, Inc.	Sell - Position Exit	-3,046,095	-100.0%	$0.00	-
Q2 2020	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-107,200	-4.6%	$651.80K	2,204,271
Q2 2020	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+1,734,964	+49.1%	$1.20M	5,266,975
Q2 2020	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+310,868	+5.2%	$1.27M	6,234,794
Q2 2020	NFLX Netflix, Inc.	Netflix, Inc.	Sell	-805,136	-33.4%	$730.89K	1,606,202
Q2 2020	NOW ServiceNow, Inc.	ServiceNow, Inc.	Buy	+420,347	+30.7%	$724.67K	1,789,035
Q2 2020	PYPL PayPal Holdings, Inc.	PayPal Holdings, Inc.	Buy	+2,111,863	+40.1%	$1.29M	7,377,343
Q2 2020	SE Sea Limited	Sea Limited	Sell - Position Exit	-27,000	-100.0%	$0.00	-
Q2 2020	SHOP Shopify Inc.	Shopify Inc.	Buy	+3,609	+0.2%	$1.59M	1,673,742
Q2 2020	SQ Block, Inc.	Block, Inc.	Sell - Position Exit	-6,698,049	-100.0%	$0.00	-

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