Stephen Mandel - Lone Pine Capital 13F Activity & Position Changes (Q4 2024)

As of Dec 31, 2024, the Lone Pine Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 14, 2025. 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 2024, the filing reported:

New Buys - Cipher Mining Inc., Capital One Financial Corporati, Flutter Entertainment, Eli Lilly and Company

Increases - Intuit Inc., Meta Platforms, Inc., Philip Morris International Inc, Starbucks Corporation, Talen Energy

Reductions - Amazon.com, Inc., Applovin Corporation, Ares Management Corporation, ASML, Constellation Energy Corporatio, and 13 more

Complete Exits - Booking Holdings Inc. Common St, GE Vernova Inc., UnitedHealth Group Incorporated

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 2024	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-1,693,233	-30.9%	$831.28M	3,789,034
Q4 2024	APP Applovin Corporation	Applovin Corporation	Sell	-1,284,753	-54.2%	$351.39M	1,085,113
Q4 2024	ARES Ares Management Corporation	Ares Management Corporation	Sell	-374,773	-18.3%	$296.89M	1,677,043
Q4 2024	ASML ASML	ASML	Sell	-109,547	-19.9%	$306.18M	441,766
Q4 2024	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Sell - Position Exit	-76,414	-100.0%	$0.00	-
Q4 2024	CEG Constellation Energy Corporatio	Constellation Energy Corporatio	Sell	-656,705	-27.4%	$388.70M	1,737,526
Q4 2024	CIFR Cipher Mining Inc.	Cipher Mining Inc.	Buy - Position Entry	+2,344,380	-	$10.88M	2,344,380
Q4 2024	COF Capital One Financial Corporati	Capital One Financial Corporati	Buy - Position Entry	+3,235,823	-	$577.01M	3,235,823
Q4 2024	CRM Salesforce, Inc.	Salesforce, Inc.	Sell	-772,637	-33.0%	$523.29M	1,565,193
Q4 2024	FLUT Flutter Entertainment	Flutter Entertainment	Buy - Position Entry	+1,912,519	-	$494.29M	1,912,519
Q4 2024	GEV GE Vernova Inc.	GE Vernova Inc.	Sell - Position Exit	-1,156,011	-100.0%	$0.00	-
Q4 2024	HUT Hut 8 Corp.	Hut 8 Corp.	Sell	-539,913	-43.8%	$14.20M	692,839
Q4 2024	INTU Intuit Inc.	Intuit Inc.	Buy	+235,401	+25.5%	$727.02M	1,156,762
Q4 2024	KKR KKR & Co. Inc.	KKR & Co. Inc.	Sell	-474,587	-10.5%	$598.76M	4,048,143
Q4 2024	LEN Lennar Corporation	Lennar Corporation	Sell	-1,209,751	-41.3%	$234.27M	1,717,903
Q4 2024	LLY Eli Lilly and Company	Eli Lilly and Company	Buy - Position Entry	+782,860	-	$604.37M	782,860
Q4 2024	LPLA LPL Financial Holdings Inc.	LPL Financial Holdings Inc.	Sell	-257,389	-11.8%	$627.80M	1,922,748
Q4 2024	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+145,593	+7.7%	$1.19B	2,036,930
Q4 2024	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-16,082	-1.0%	$691.13M	1,639,697
Q4 2024	PM Philip Morris International Inc	Philip Morris International Inc	Buy	+1,987,716	+44.4%	$778.47M	6,468,372
Q4 2024	PTC PTC Inc.	PTC Inc.	Sell	-221,968	-8.7%	$427.72M	2,326,231
Q4 2024	SBUX Starbucks Corporation	Starbucks Corporation	Buy	+2,424,207	+59.8%	$590.85M	6,475,057
Q4 2024	SPOT Spotify	Spotify	Sell	-638,965	-41.2%	$408.71M	913,564
Q4 2024	SQ Block, Inc.	Block, Inc.	Sell	-3,904,730	-50.9%	$320.05M	3,765,793
Q4 2024	TLN Talen Energy	Talen Energy	Buy	+233,165	+27.2%	$219.48M	1,089,380
Q4 2024	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Sell	-452,417	-10.7%	$742.65M	3,760,444
Q4 2024	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Sell - Position Exit	-821,880	-100.0%	$0.00	-
Q4 2024	VST Vistra Corp.	Vistra Corp.	Sell	-1,453,326	-21.4%	$738.01M	5,352,965
Q4 2024	WDAY Workday, Inc.	Workday, Inc.	Sell	-60,921	-3.8%	$398.26M	1,543,464
Q4 2024	WULF TeraWulf Inc.	TeraWulf Inc.	Sell	-1,586,868	-51.7%	$8.38M	1,480,928