Lone Pine Capital portfolio · 2025-12-31

Form 13F reports holdings as of 2025-12-31 and was filed on 2026-02-17. 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

$13.61 billion

Long positions

Calls / puts

0 / 0

Top 5 concentration

29.3%

Longs with AI data

7 / 32

Average AI 1Y

+22.3%

Official SEC filing ↗Exact filing event Permanent quarter page JSON Download CSV

13F filing comparison

Quarter-over-quarter changes

2025-09-30 to 2025-12-31

Newly reported

No longer reported

Increased

Reduced

Newly reported this quarter

Present now and absent from the immediately preceding comparable filing.

Position	Kind	Shares	Value
ASML ASML HLDG NV	LONG	605,017	$647.3 million
DASH DOORDASH INC	LONG	2,529,879	$573.0 million
MEDLINE INC MEDLINE INC	LONG	11,716,697	$492.1 million
CARPENTER TECHNOLOGY CORP CARPENTER TECHNOLOGY CORP	LONG	1,312,938	$413.4 million
TENET HEALTHCARE CORP TENET HEALTHCARE CORP	LONG	1,787,326	$355.2 million
CLEAN HARBORS INC CLEAN HARBORS INC	LONG	1,378,125	$323.1 million
AFFIRM HLDGS INC AFFIRM HLDGS INC	LONG	3,817,170	$284.1 million
ENTG ENTEGRIS INC	LONG	3,054,230	$257.3 million
MASTERCARD INCORPORATED MASTERCARD INCORPORATED	LONG	96,338	$55.0 million
TRANSDIGM GROUP INC TRANSDIGM GROUP INC	LONG	19,228	$25.6 million
BSX BOSTON SCIENTIFIC CORP	LONG	201,703	$19.2 million
HILTON WORLDWIDE HLDGS INC HILTON WORLDWIDE HLDGS INC	LONG	57,817	$16.6 million
SPOT SPOTIFY TECHNOLOGY S A	LONG	17,762	$10.3 million
V VISA INC	LONG	15,217	$5.3 million

No longer reported this quarter

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

Position	Kind	Prior shares	Prior value
CIENA CORP CIENA CORP · COM NEW	LONG	2,006,662	$292.3 million
EQT CORP EQT CORP · COM	LONG	8,361,889	$455.1 million
ETSY INC ETSY INC · COM	LONG	3,880,316	$257.6 million
FLUTTER ENTMT PLC FLUTTER ENTMT PLC · SHS	LONG	1,733,336	$440.3 million
META PLATFORMS INC META PLATFORMS INC · CL A	LONG	1,322,260	$971.0 million
SEA LTD SEA LTD · SPONSORD ADS	LONG	1,869,501	$334.1 million
STARBUCKS CORP STARBUCKS CORP · COM	LONG	5,561,954	$470.5 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.

Position	Kind	Shares	Value	Long weight	Quarter change	AI at filing · 1Y	AI now
TSM Taiwan Semiconductor Manufacturing Co.	LONG	3,052,400	$927.6 million	6.8%	UNCHANGED	25.4%	1Y +24.1% 5Y +140.8% · 31 models
VST Vistra	LONG	5,211,885	$840.8 million	6.2%	INCREASED	33.6%	1Y +26.8% 5Y +135.3% · 29 models
CARVANA CO CARVANA CO · CL A · 146869102	LONG	1,779,328	$750.9 million	5.5%	INCREASED	—	1Y — 5Y —
LPL FINL HLDGS INC LPL FINL HLDGS INC · COM · 50212V100	LONG	2,074,948	$741.1 million	5.4%	REDUCED	—	1Y — 5Y —
BROOKFIELD CORP BROOKFIELD CORP · CL A LTD VT SH · 11271J107	LONG	15,923,360	$730.7 million	5.4%	INCREASED	—	1Y — 5Y —
ASML ASML Holding N.V.	LONG	605,017	$647.3 million	4.8%	NEWLY REPORTED	23.9%	1Y +21.0% 5Y +127.2% · 32 models
KKR & CO INC KKR & CO INC · COM · 48251W104	LONG	5,001,085	$637.5 million	4.7%	INCREASED	—	1Y — 5Y —
AVGO Broadcom Inc.	LONG	1,730,216	$598.8 million	4.4%	INCREASED	25.9%	1Y +23.7% 5Y +145.8% · 32 models
MSFT Microsoft Corporation	LONG	1,234,125	$596.8 million	4.4%	INCREASED	18.2%	1Y +16.3% 5Y +98.3% · 32 models
DASH DoorDash	LONG	2,529,879	$573.0 million	4.2%	NEWLY REPORTED	—	1Y — 5Y —
AMZN Amazon.com Inc.	LONG	2,414,520	$557.3 million	4.1%	REDUCED	26.1%	1Y +21.3% 5Y +126.1% · 32 models
CAPITAL ONE FINL CORP CAPITAL ONE FINL CORP · COM · 14040H105	LONG	2,294,891	$556.2 million	4.1%	REDUCED	—	1Y — 5Y —
APPLOVIN CORP APPLOVIN CORP · COM CL A · 03831W108	LONG	780,530	$525.9 million	3.9%	REDUCED	—	1Y — 5Y —
NU HLDGS LTD NU HLDGS LTD · ORD SHS CL A · G6683N103	LONG	29,630,237	$496.0 million	3.6%	INCREASED	—	1Y — 5Y —
MEDLINE INC MEDLINE INC · COM CL A · 58507V107	LONG	11,716,697	$492.1 million	3.6%	NEWLY REPORTED	—	1Y — 5Y —
TALEN ENERGY CORP TALEN ENERGY CORP · COM · 87422Q109	LONG	1,292,516	$484.5 million	3.6%	INCREASED	—	1Y — 5Y —
VULCAN MATLS CO VULCAN MATLS CO · COM · 929160109	LONG	1,683,932	$480.3 million	3.5%	INCREASED	—	1Y — 5Y —
PM Philip Morris International	LONG	2,643,579	$424.0 million	3.1%	REDUCED	—	1Y — 5Y —
CARPENTER TECHNOLOGY CORP CARPENTER TECHNOLOGY CORP · COM · 144285103	LONG	1,312,938	$413.4 million	3.0%	NEWLY REPORTED	—	1Y — 5Y —
WINGSTOP INC WINGSTOP INC · COM · 974155103	LONG	1,595,258	$380.5 million	2.8%	INCREASED	—	1Y — 5Y —
AMPHENOL CORP AMPHENOL CORP · CL A · 032095101	LONG	2,809,773	$379.7 million	2.8%	REDUCED	—	1Y — 5Y —
TENET HEALTHCARE CORP TENET HEALTHCARE CORP · COM NEW · 88033G407	LONG	1,787,326	$355.2 million	2.6%	NEWLY REPORTED	—	1Y — 5Y —
CLEAN HARBORS INC CLEAN HARBORS INC · COM · 184496107	LONG	1,378,125	$323.1 million	2.4%	NEWLY REPORTED	—	1Y — 5Y —
AFFIRM HLDGS INC AFFIRM HLDGS INC · COM CL A · 00827B106	LONG	3,817,170	$284.1 million	2.1%	NEWLY REPORTED	—	1Y — 5Y —
ENTG ENTEGRIS INC	LONG	3,054,230	$257.3 million	1.9%	NEWLY REPORTED	—	1Y — 5Y —
MASTERCARD INCORPORATED MASTERCARD INCORPORATED · CL A · 57636Q104	LONG	96,338	$55.0 million	0.4%	NEWLY REPORTED	—	1Y — 5Y —
TRANSDIGM GROUP INC TRANSDIGM GROUP INC · COM · 893641100	LONG	19,228	$25.6 million	0.2%	NEWLY REPORTED	—	1Y — 5Y —
BOOKING HOLDINGS INC BOOKING HOLDINGS INC · COM · 09857L108	LONG	4,630	$24.8 million	0.2%	REDUCED	—	1Y — 5Y —
BSX Boston Scientific	LONG	201,703	$19.2 million	0.1%	NEWLY REPORTED	—	1Y — 5Y —
HILTON WORLDWIDE HLDGS INC HILTON WORLDWIDE HLDGS INC · COM · 43300A203	LONG	57,817	$16.6 million	0.1%	NEWLY REPORTED	—	1Y — 5Y —
SPOT Spotify Technology S.A.	LONG	17,762	$10.3 million	0.1%	NEWLY REPORTED	28.2%	1Y +22.7% 5Y +121.3% · 31 models
V Visa Inc.	LONG	15,217	$5.3 million	0.0%	NEWLY REPORTED	—	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 40.1%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.