Stephen Mandel – Lone Pine Capital Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Lone Pine Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 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 Q2 2025, the filing reported:

New Buys – EQT Corporation (EQT), Brookfield Corporation (BN), Wix (WIX), UnitedHealth Group Incorporated (UNH), Booking Holdings Inc. Common St (BKNG)

Increases – Vistra Corp. (VST), Amazon.com, Inc. (AMZN), KKR & Co. Inc. (KKR), Salesforce, Inc. (CRM), LPL Financial Holdings Inc. (LPLA)

Reductions – ASML (ASML), Meta Platforms, Inc. (META), Capital One Financial Corporati (COF), Microsoft Corporation (MSFT), Philip Morris International Inc (PM), and 6 more

Complete Exits – Wingstop Inc. (WING), Eli Lilly and Company (LLY), Cadence Design Systems, Inc. (CDNS), Ares Management Corporation (ARES), Toll Brothers, Inc. (TOL)

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

Lone Pine Capital Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q2 2016Jun 30, 2016	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-8,472,553-32.9%	$885.19K	17,298,996
Q2 2016Jun 30, 2016	JD JD.com, Inc.	JD.com, Inc.	Sell - Position Exit	-22,079,215-100.0%	$0.00	-
Q1 2016Mar 31, 2016	PYPL PayPal Holdings, Inc.	PayPal Holdings, Inc.	Buy - Position Entry	+10,430,118	$402.60K	10,430,118
Q1 2016Mar 31, 2016	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+1,628,196+16.6%	$1.30M	11,413,508
Q1 2016Mar 31, 2016	YUM Yum! Brands, Inc.	Yum! Brands, Inc.	Buy - Position Entry	+1,512,569	$123.80K	1,512,569
Q1 2016Mar 31, 2016	NOC Northrop Grumman Corporation	Northrop Grumman Corporation	Buy	+1,117,695+52.4%	$643.13K	3,249,789
Q1 2016Mar 31, 2016	MNST Monster Beverage Corporation	Monster Beverage Corporation	Buy - Position Entry	+1,114,561	$148.66K	1,114,561
Q1 2016Mar 31, 2016	ADBE Adobe Inc.	Adobe Inc.	Buy	+1,060,923+26.4%	$475.86K	5,073,108
Q1 2016Mar 31, 2016	COMM CommScope Holding Company, Inc.	CommScope Holding Company, Inc.	Buy - Position Entry	+852,986	$23.82K	852,986
Q1 2016Mar 31, 2016	STZ Constellation Brands, Inc.	Constellation Brands, Inc.	Buy	+545,228+10.2%	$890.86K	5,896,221
Q1 2016Mar 31, 2016	NKE Nike, Inc.	Nike, Inc.	Buy	+500,191+4.4%	$737.42K	11,996,379
Q1 2016Mar 31, 2016	BUD Anheuser-Busch Inbev SA Sponsor	Anheuser-Busch Inbev SA Sponsor	Buy	+390,412+26.2%	$234.09K	1,877,804
Q1 2016Mar 31, 2016	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+366,272+88.8%	$580.23K	778,888
Q1 2016Mar 31, 2016	VMC Vulcan Materials Company (Holdi	Vulcan Materials Company (Holdi	Buy	+344,435+11.9%	$342.76K	3,246,782
Q1 2016Mar 31, 2016	LNG Cheniere Energy, Inc.	Cheniere Energy, Inc.	Buy	+292,901+2.3%	$435.89K	12,884,676
Q1 2016Mar 31, 2016	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+241,562+59.7%	$492.73K	645,859
Q1 2016Mar 31, 2016	EQIX Equinix, Inc.	Equinix, Inc.	Buy	+213,821+10.1%	$768.68K	2,324,330
Q1 2016Mar 31, 2016	AXP American Express Company	American Express Company	Buy	+23,719+1851.6%	$1.53K	25,000
Q1 2016Mar 31, 2016	DEO Diageo plc	Diageo plc	Sell - Position Exit	-1,281-100.0%	$0.00	-
Q1 2016Mar 31, 2016	TDG Transdigm Group Incorporated	Transdigm Group Incorporated	Sell	-53,500-2.5%	$466.65K	2,117,859
Q1 2016Mar 31, 2016	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Sell	-68,481-3.6%	$347.11K	1,818,269
Q1 2016Mar 31, 2016	ULTA Ulta Beauty, Inc.	Ulta Beauty, Inc.	Sell	-213,996-6.0%	$651.54K	3,362,968
Q1 2016Mar 31, 2016	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-220,884-10.0%	$1.18M	1,986,368
Q1 2016Mar 31, 2016	ANET Arista Networks, Inc.	Arista Networks, Inc.	Sell	-304,460-14.0%	$118.09K	1,871,465
Q1 2016Mar 31, 2016	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-1,074,000-17.5%	$479.74K	5,076,587
Q1 2016Mar 31, 2016	LULU lululemon athletica inc.	lululemon athletica inc.	Sell	-1,162,064-18.3%	$351.15K	5,186,084
Q1 2016Mar 31, 2016	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-1,490,475-5.5%	$1.42M	25,771,549
Q1 2016Mar 31, 2016	DLTR Dollar Tree, Inc.	Dollar Tree, Inc.	Sell	-1,587,638-12.0%	$957.07K	11,606,484
Q1 2016Mar 31, 2016	ILMN Illumina, Inc.	Illumina, Inc.	Sell	-1,934,677-53.6%	$271.56K	1,675,158
Q1 2016Mar 31, 2016	TAP Molson Coors Beverage Company	Molson Coors Beverage Company	Sell - Position Exit	-2,354,601-100.0%	$0.00	-

Page 38 of 50 • 1487 total trades

«‹

36 37 38 39 40

›»