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Lone Pine Capital portfolio · 2025-09-30

Form 13F reports holdings as of 2025-09-30 and was filed on 2025-11-14. It is delayed, can omit confidential positions, and is not the manager's current portfolio or fund NAV. Options show reported underlying value—not premium, net exposure, or investment intent.

Disclosed long book

$13.41 billion

Long positions

25

Calls / puts

0 / 0

Top 5 concentration

32.0%

Longs with AI data

5 / 25

Average AI 1Y

+21.1%

13F filing comparison

Quarter-over-quarter changes

2025-06-30 to 2025-09-30

Newly reported

8

No longer reported

7

Increased

5

Reduced

10

Newly reported this quarter

Present now and absent from the immediately preceding comparable filing.

PositionKindSharesValue

BROADCOM INC

BROADCOM INC

LONG1,549,412$511.2 million

VULCAN MATLS CO

VULCAN MATLS CO

LONG1,384,624$425.9 million

NU HLDGS LTD

NU HLDGS LTD

LONG25,406,449$406.8 million

WINGSTOP INC

WINGSTOP INC

LONG1,491,245$375.3 million

AMPHENOL CORP NEW

AMPHENOL CORP NEW

LONG3,023,231$374.1 million

SEA LTD

SEA LTD

LONG1,869,501$334.1 million

CIENA CORP

CIENA CORP

LONG2,006,662$292.3 million

ETSY INC

ETSY INC

LONG3,880,316$257.6 million

No longer reported this quarter

Present in the prior comparable filing and absent from this one.

PositionKindPrior sharesPrior value

APPLOVIN CORP

APPLOVIN CORP · COM CL A

CALL315,600$110.5 million

ASML HOLDING N V

ASML HOLDING N V · N Y REGISTRY SHS

LONG566,862$454.3 million

CARVANA CO

CARVANA CO · CL A

CALL383,500$129.2 million

INTUIT

INTUIT · COM

LONG771,666$607.8 million

SALESFORCE INC

SALESFORCE INC · COM

LONG1,863,179$508.1 million

UNITEDHEALTH GROUP INC

UNITEDHEALTH GROUP INC · COM

LONG1,693,347$528.3 million

WIX COM LTD

WIX COM LTD · SHS

LONG2,161,331$342.5 million

“No longer reported” means the position is absent from this comparable 13F filing. It does not prove the manager sold it: reporting thresholds, confidential treatment, corporate actions, or instrument changes can also explain the omission.

PositionKindSharesValueLong weightQuarter changeAI at filing · 1YAI now

META

Meta Platforms Inc.

LONG1,322,260$971.0 million7.2%REDUCED24.5%

1Y +22.1%

5Y +130.9% · 27 models

VST

Vistra

LONG4,699,241$920.7 million6.9%REDUCED28.6%

1Y +29.5%

5Y +146.1% · 23 models

TSM

Taiwan Semiconductor Manufacturing Co.

LONG3,052,400$852.5 million6.4%REDUCED25.7%

1Y +24.3%

5Y +142.0% · 25 models

APPLOVIN CORP

APPLOVIN CORP · COM CL A · 03831W108

LONG1,109,138$797.0 million5.9%REDUCED

1Y —

5Y —

LPL FINL HLDGS INC

LPL FINL HLDGS INC · COM · 50212V100

LONG2,255,714$750.5 million5.6%INCREASED

1Y —

5Y —

PM

Philip Morris International

LONG4,614,443$748.5 million5.6%INCREASED

1Y —

5Y —

BROOKFIELD CORP

BROOKFIELD CORP · CL A LTD VT SH · 11271J107

LONG10,181,348$698.2 million5.2%INCREASED

1Y —

5Y —

CARVANA CO

CARVANA CO · CL A · 146869102

LONG1,765,291$665.9 million5.0%UNCHANGED

1Y —

5Y —

MSFT

Microsoft Corporation

LONG1,208,605$626.0 million4.7%REDUCED17.9%

1Y +16.6%

5Y +97.8% · 27 models

AMAZON COM INC

AMAZON COM INC · COM · 023135106

LONG2,811,928$617.4 million4.6%REDUCED

1Y —

5Y —

CAPITAL ONE FINL CORP

CAPITAL ONE FINL CORP · COM · 14040H105

LONG2,569,491$546.2 million4.1%REDUCED

1Y —

5Y —

KKR & CO INC

KKR & CO INC · COM · 48251W104

LONG4,080,561$530.3 million4.0%REDUCED

1Y —

5Y —

BROADCOM INC

BROADCOM INC · COM · 11135F101

LONG1,549,412$511.2 million3.8%NEWLY REPORTED

1Y —

5Y —

TALEN ENERGY CORP

TALEN ENERGY CORP · COM · 87422Q109

LONG1,192,516$507.3 million3.8%INCREASED

1Y —

5Y —

SBUX

Starbucks Corporation

LONG5,561,954$470.5 million3.5%UNCHANGED13.8%

1Y +12.8%

5Y +63.7% · 25 models

EQT CORP

EQT CORP · COM · 26884L109

LONG8,361,889$455.1 million3.4%INCREASED

1Y —

5Y —

FLUTTER ENTMT PLC

FLUTTER ENTMT PLC · SHS · G3643J108

LONG1,733,336$440.3 million3.3%REDUCED

1Y —

5Y —

VULCAN MATLS CO

VULCAN MATLS CO · COM · 929160109

LONG1,384,624$425.9 million3.2%NEWLY REPORTED

1Y —

5Y —

NU HLDGS LTD

NU HLDGS LTD · ORD SHS CL A · G6683N103

LONG25,406,449$406.8 million3.0%NEWLY REPORTED

1Y —

5Y —

WINGSTOP INC

WINGSTOP INC · COM · 974155103

LONG1,491,245$375.3 million2.8%NEWLY REPORTED

1Y —

5Y —

AMPHENOL CORP NEW

AMPHENOL CORP NEW · CL A · 032095101

LONG3,023,231$374.1 million2.8%NEWLY REPORTED

1Y —

5Y —

SEA LTD

SEA LTD · SPONSORD ADS · 81141R100

LONG1,869,501$334.1 millionNEWLY REPORTED

1Y —

5Y —

CIENA CORP

CIENA CORP · COM NEW · 171779309

LONG2,006,662$292.3 million2.2%NEWLY REPORTED

1Y —

5Y —

ETSY INC

ETSY INC · COM · 29786A106

LONG3,880,316$257.6 million1.9%NEWLY REPORTED

1Y —

5Y —

BOOKING HOLDINGS INC

BOOKING HOLDINGS INC · COM · 09857L108

LONG31,151$168.2 million1.3%REDUCED

1Y —

5Y —

AI outlook values are averages across the latest successful run per covered model at the labeled cutoff. “No longer reported” does not necessarily mean sold; thresholds, confidential treatment, corporate actions, or instrument changes may explain an omission. Reviewed API mapping covers 34.2%of disclosed long-book value; exact editorial CUSIP mappings may add current-only AI coverage on this public page. Research use only. No warranty and not investment advice.