Stephen Mandel - Lone Pine Capital 13F Activity & Position Changes (Q4 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 Dec 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 Q4 2016, the filing reported:

New Buys - Bank of America Corporation, PNC Financial Services Group, I, PayPal Holdings, Inc.

Increases - Adobe Inc., Align Technology, Inc., Alibaba Group Holding Limited, Electronic Arts Inc., Equinix, Inc., and 5 more

Reductions - Charter Communications, Inc., Dollar Tree, Inc., eBay Inc., Expedia Group, Inc., Alphabet Inc., and 9 more

Complete Exits - HCA Healthcare, Inc., Kinder Morgan, Inc., Mohawk Industries, Inc., Monster Beverage Corporation, Yum! Brands, Inc.

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 2016	ADBE Adobe Inc.	Adobe Inc.	Buy	+409,622	+8.9%	$517.59K	5,027,599
Q4 2016	ALGN Align Technology, Inc.	Align Technology, Inc.	Buy	+39,614	+1.6%	$238.07K	2,476,534
Q4 2016	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+2,467,648	+47.9%	$669.03K	7,619,109
Q4 2016	BAC Bank of America Corporation	Bank of America Corporation	Buy - Position Entry	+21,671,362	-	$478.94K	21,671,362
Q4 2016	CHTR Charter Communications, Inc.	Charter Communications, Inc.	Sell	-534,334	-10.2%	$1.36M	4,715,772
Q4 2016	DLTR Dollar Tree, Inc.	Dollar Tree, Inc.	Sell	-6,076,613	-39.5%	$719.02K	9,316,134
Q4 2016	EA Electronic Arts Inc.	Electronic Arts Inc.	Buy	+803,155	+9.3%	$742.09K	9,422,175
Q4 2016	EBAY eBay Inc.	eBay Inc.	Sell	-23,558,763	-71.0%	$285.20K	9,605,806
Q4 2016	EQIX Equinix, Inc.	Equinix, Inc.	Buy	+113,106	+6.3%	$683.61K	1,912,684
Q4 2016	EXPE Expedia Group, Inc.	Expedia Group, Inc.	Sell	-2,825,799	-39.6%	$489.09K	4,317,532
Q4 2016	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-215,546	-25.6%	$484.63K	627,903
Q4 2016	HCA HCA Healthcare, Inc.	HCA Healthcare, Inc.	Sell - Position Exit	-1,669,543	-100.0%	$0.00	-
Q4 2016	HDB HDFC Bank Limited	HDFC Bank Limited	Sell	-2,722,574	-67.5%	$79.63K	1,312,249
Q4 2016	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Buy	+3,018,408	+250.0%	$238.41K	4,225,637
Q4 2016	KMI Kinder Morgan, Inc.	Kinder Morgan, Inc.	Sell - Position Exit	-12,334,772	-100.0%	$0.00	-
Q4 2016	LNG Cheniere Energy, Inc.	Cheniere Energy, Inc.	Sell	-5,555,085	-51.7%	$214.87K	5,186,332
Q4 2016	LULU lululemon athletica inc.	lululemon athletica inc.	Sell	-1,081,834	-19.4%	$292.73K	4,504,208
Q4 2016	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-318,533	-5.1%	$682.01K	5,927,908
Q4 2016	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Sell - Position Exit	-1,176,827	-100.0%	$0.00	-
Q4 2016	MNST Monster Beverage Corporation	Monster Beverage Corporation	Sell - Position Exit	-4,149,493	-100.0%	$0.00	-
Q4 2016	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+700,000	+4.8%	$945.40K	15,213,996
Q4 2016	NKE Nike, Inc.	Nike, Inc.	Sell	-3,055,824	-17.5%	$731.80K	14,396,950
Q4 2016	PNC PNC Financial Services Group, I	PNC Financial Services Group, I	Buy - Position Entry	+4,196,144	-	$490.78K	4,196,144
Q4 2016	PYPL PayPal Holdings, Inc.	PayPal Holdings, Inc.	Buy - Position Entry	+12,499,315	-	$493.35K	12,499,315
Q4 2016	STZ Constellation Brands, Inc.	Constellation Brands, Inc.	Buy	+813,625	+14.6%	$978.17K	6,380,317
Q4 2016	TDG Transdigm Group Incorporated	Transdigm Group Incorporated	Sell	-222,383	-9.9%	$504.99K	2,028,392
Q4 2016	TV Grupo Televisa S.A.B.	Grupo Televisa S.A.B.	Sell	-4,544,714	-25.1%	$282.71K	13,533,097
Q4 2016	ULTA Ulta Beauty, Inc.	Ulta Beauty, Inc.	Sell	-1,153,032	-39.1%	$458.29K	1,797,638
Q4 2016	V Visa Inc.	Visa Inc.	Buy	+4,213,802	+180.3%	$511.15K	6,551,477
Q4 2016	VMC Vulcan Materials Company (Holdi	Vulcan Materials Company (Holdi	Sell	-1,262,103	-25.2%	$467.81K	3,738,010

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