Stephen Mandel - Lone Pine Capital 13F Activity & Position Changes (Q4 2015)

As of Dec 31, 2015, the Lone Pine Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. 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 Q4 2015, the filing reported:

New Buys - Autodesk, Inc., Anheuser-Busch Inbev SA Sponsor, Alphabet Inc., Alphabet Inc., lululemon athletica inc., and 1 more

Increases - Amazon.com, Inc., American Express Company, Diageo plc, Dollar Tree, Inc., Hanesbrands Inc., and 10 more

Reductions - Adobe Inc., Electronic Arts Inc., Equinix, Inc., JD.com, Inc., Mastercard Incorporated, and 4 more

Complete Exits - DaVita Inc., Expedia Group, Inc., FNF Group of Fidelity National , Anywhere Real Estate Inc., Charles Schwab Corporation (The

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
Q4 2015	ADBE Adobe Inc.	Adobe Inc.	Sell	-2,197,034	-35.4%	$376.90K	4,012,185
Q4 2015	ADSK Autodesk, Inc.	Autodesk, Inc.	Buy - Position Entry	+5,732,050	-	$349.25K	5,732,050
Q4 2015	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+270,250	+14.0%	$1.49M	2,207,252
Q4 2015	AXP American Express Company	American Express Company	Buy	+281	+28.1%	$89.00	1,281
Q4 2015	BUD Anheuser-Busch Inbev SA Sponsor	Anheuser-Busch Inbev SA Sponsor	Buy - Position Entry	+1,487,392	-	$185.92K	1,487,392
Q4 2015	DEO Diageo plc	Diageo plc	Buy	+281	+28.1%	$140.00	1,281
Q4 2015	DLTR Dollar Tree, Inc.	Dollar Tree, Inc.	Buy	+8,054,727	+156.7%	$1.02M	13,194,122
Q4 2015	DVA DaVita Inc.	DaVita Inc.	Sell - Position Exit	-7,918,998	-100.0%	$0.00	-
Q4 2015	EA Electronic Arts Inc.	Electronic Arts Inc.	Sell	-2,338,999	-26.6%	$442.81K	6,443,613
Q4 2015	EQIX Equinix, Inc.	Equinix, Inc.	Sell	-540,266	-20.4%	$638.22K	2,110,509
Q4 2015	EXPE Expedia Group, Inc.	Expedia Group, Inc.	Sell - Position Exit	-1,094,269	-100.0%	$0.00	-
Q4 2015	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell - Position Exit	-6,512,113	-100.0%	$0.00	-
Q4 2015	GOOG Alphabet Inc.	Alphabet Inc.	Buy - Position Entry	+412,616	-	$313.13K	412,616
Q4 2015	GOOGL Alphabet Inc.	Alphabet Inc.	Buy - Position Entry	+404,297	-	$314.55K	404,297
Q4 2015	HBI Hanesbrands Inc.	Hanesbrands Inc.	Buy	+1,646,727	+21.4%	$274.77K	9,336,411
Q4 2015	HDB HDFC Bank Limited	HDFC Bank Limited	Buy	+528,800	+9.9%	$362.09K	5,878,093
Q4 2015	HOUS Anywhere Real Estate Inc.	Anywhere Real Estate Inc.	Sell - Position Exit	-979,197	-100.0%	$0.00	-
Q4 2015	ILMN Illumina, Inc.	Illumina, Inc.	Buy	+100	+0.0%	$692.89K	3,609,835
Q4 2015	JD JD.com, Inc.	JD.com, Inc.	Sell	-16,500,488	-37.9%	$871.01K	26,995,511
Q4 2015	LNG Cheniere Energy, Inc.	Cheniere Energy, Inc.	Buy	+350,000	+2.9%	$469.04K	12,591,775
Q4 2015	LULU lululemon athletica inc.	lululemon athletica inc.	Buy - Position Entry	+6,348,148	-	$333.09K	6,348,148
Q4 2015	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-2,193,308	-26.3%	$598.82K	6,150,587
Q4 2015	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-916,947	-8.6%	$1.02M	9,785,312
Q4 2015	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Sell	-84,700	-4.3%	$357.33K	1,886,750
Q4 2015	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+1,923,000	+7.6%	$1.51M	27,262,024
Q4 2015	NKE Nike, Inc.	Nike, Inc.	Buy	+5,795,333	+101.7%	$718.51K	11,496,188
Q4 2015	NOC Northrop Grumman Corporation	Northrop Grumman Corporation	Buy - Position Entry	+2,132,094	-	$402.56K	2,132,094
Q4 2015	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell - Position Exit	-13,396,145	-100.0%	$0.00	-
Q4 2015	STZ Constellation Brands, Inc.	Constellation Brands, Inc.	Buy	+666,779	+14.2%	$762.20K	5,350,993
Q4 2015	TAP Molson Coors Beverage Company	Molson Coors Beverage Company	Buy	+410,000	+21.1%	$221.14K	2,354,601

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