Lone Pine Capital
Picture
Moves
Options: 10 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- added+3.96
- trimmed−2.60
- trimmed−2.15
Positions
| unresolvedPriceline Grp Inc | 6.61% | 1,329,775 | $1.5B | trimmed−5% | −0.20 pp | 8 q |
| JDJD.com, Inc. | 4.83% | 38,527,260 | $1.1B | added×4.4 | +3.96 pp | 2 q |
| MAMastercard Incorporated | 4.78% | 12,973,653 | $1.1B | trimmed−35% | −2.60 pp | 7 q |
| unresolvedValeant Pharmaceuticals Intl | 4.72% | 5,569,460 | $1.1B | trimmed−33% | −0.33 pp | 8 q |
| BIDUBaidu, Inc. | 4.70% | 5,281,484 | $1.1B | trimmed−25% | −2.15 pp | 7 q |
| ADBEAdobe Inc. | 3.80% | 12,045,393 | $891M | trimmed−1% | +0.02 pp | 5 q |
| AAPLApple Inc. | 3.63% | 6,838,522 | $851M | added×3.1 | +2.60 pp | 2 q |
| FLTCorpay, Inc. | 3.53% | 5,478,615 | $827M | trimmed−15% | −0.56 pp | 8 q |
| unresolvedSBA Comms Corp | 3.23% | 6,460,678 | $757M | trimmed−11% | −0.22 pp | 6 q |
| unresolvedMichael Kors Hldgs Ltd | 3.15% | 11,225,155 | $738M | added+1% | −0.40 pp | 8 q |
| METAMeta Platforms, Inc. Class A | 2.85% | 8,106,922 | $667M | trimmed−40% | −1.65 pp | 3 q |
| unresolvedCharter Comm's Inc | 2.74% | 3,327,979 | $643M | added+2% | +0.41 pp | 3 q |
| EQIXEquinix, Inc. | 2.71% | 2,729,378 | $636M | new | +2.71 pp | new |
| VVISA Inc. | 2.66% | 9,510,268 | $622M | added+34% | +0.68 pp | 2 q |
| LNGCheniere Energy Inc | 2.65% | 8,018,486 | $621M | trimmed−9% | 0.00 pp | 4 q |
| WMBWilliams Companies Inc. | 2.59% | 12,015,299 | $608M | new | +2.59 pp | new |
| MSFTMicrosoft Corp | 2.51% | 14,486,109 | $589M | added×2.7 | +1.43 pp | 6 q |
| unresolvedCanadian Pac Ry Ltd | 2.45% | 3,147,265 | $575M | trimmed−12% | −0.50 pp | 4 q |
| NKENike, Inc. | 2.43% | 5,678,660 | $570M | new | +2.43 pp | new |
| unresolvedActavis PLC | 2.33% | 1,832,314 | $545M | new | +2.33 pp | new |
| ILMNIllumina Inc | 2.29% | 2,890,103 | $537M | new | +2.29 pp | new |
| TDGTransDigm Group Incorporated | 2.07% | 2,215,423 | $485M | added+24% | +0.57 pp | 8 q |
| ADSKAutodesk Inc | 2.03% | 8,103,986 | $475M | trimmed−44% | −1.68 pp | 3 q |
| unresolvedMcGraw Hill | 2.02% | 4,574,980 | $473M | trimmed−38% | −0.78 pp | 6 q |
| HOUSAnywhere Real Estate Inc. | 2.02% | 10,406,478 | $473M | held | — | 8 q |
| DVADaVita Inc. | 1.89% | 5,455,774 | $443M | added+38% | +0.61 pp | 2 q |
| LOWLowe's Companies Inc. | 1.88% | 5,916,304 | $440M | new | +1.88 pp | new |
| HCAHCA Healthcare, Inc. | 1.87% | 5,836,872 | $439M | held | — | 2 q |
| ULTAUlta Beauty, Inc. | 1.59% | 2,473,942 | $373M | trimmed−26% | −0.24 pp | 8 q |
| MHKMohawk Industries, Inc. | 1.55% | 1,958,565 | $364M | trimmed−21% | −0.09 pp | 3 q |
| VIPSVipshop Holdings Limited | 1.38% | 10,943,918 | $322M | trimmed−21% | +0.22 pp | 2 q |
| ENDPQEndo International PLC | 1.25% | 3,270,117 | $293M | new | +1.25 pp | new |
| FNFFidelity National Financial, Inc. | 1.23% | 7,855,396 | $289M | new | +1.23 pp | new |
| GRAW.R. Grace & Co. | 1.22% | 2,902,557 | $287M | held | — | 2 q |
| SUNEQSunedison Inc | 1.15% | 11,212,785 | $269M | new | +1.15 pp | new |
| WBAWalgreens Boots Alliance, Inc | 0.93% | 2,584,527 | $219M | trimmed−27% | −0.23 pp | 2 q |
| unresolvedLiberty Media Corp Delaware | 0.74% | 4,514,617 | $172M | new | +0.74 pp | new |
| CDKCDK Global, Inc. | 0.53% | 2,636,255 | $123M | trimmed−9% | +0.03 pp | 2 q |
| unresolvedSolarwinds Inc | 0.52% | 2,386,428 | $122M | held | — | 7 q |
| HDBHDFC Bank Limited | 0.51% | 2,014,620 | $119M | new | +0.51 pp | new |
| MTGMGIC Investment Corp. | 0.51% | 12,403,003 | $119M | new | +0.51 pp | new |
| VMCVulcan Materials Company(Holding Company) | 0.51% | 1,420,997 | $120M | new | +0.51 pp | new |
| ANETArista Networks | 0.45% | 1,490,825 | $105M | added+12% | +0.11 pp | 4 q |
| unresolvedLiberty Media Corp Delaware | 0.45% | 2,761,506 | $106M | new | +0.45 pp | new |
| CTSHCognizant Technology Solutions | 0.29% | 1,093,374 | $68M | trimmed−91% | −2.46 pp | 8 q |
| JAZZJazz Pharmaceuticals, Inc. | 0.19% | 260,985 | $45M | trimmed−86% | −1.13 pp | 5 q |
| DGDollar General Corp. | — | −12,918,112 | — | exited | −3.90 pp | — |
| unresolvedEquinix Inc | — | −3,890,489 | — | exited | −3.77 pp | — |
| TIFTiffany & Co. | — | −6,047,197 | — | exited | −2.76 pp | — |
| unresolvedCooper Cos Inc/The | — | −1,750,283 | — | exited | −1.21 pp | — |
| HUMHumana Inc. | — | −1,911,536 | — | exited | −1.17 pp | — |
| NFLXNetFlix Inc | — | −779,647 | — | exited | −1.14 pp | — |
| ICEIntercontinental Exchange Inc. | — | −1,142,789 | — | exited | −1.07 pp | — |
| UAAUnder Armour, Inc. | — | −1,560,114 | — | exited | −0.45 pp | — |
| CVLTCommvault Systems, Inc. | — | −1,321,288 | — | exited | −0.29 pp | — |
| WDAYWorkday, Inc. Class A | — | −527,482 | — | exited | −0.18 pp | — |
| WYNNWynn Resorts Ltd | — | −285,023 | — | exited | −0.18 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| Currencyshares Euro Tr PUT | 70.54% | 20,000,000 | $2.1B |
| Barclays Bk PLC PUT | 9.95% | 11,634,000 | $298M |
| Proshares Tr II PUT | 6.03% | 12,000,000 | $181M |
| MSFT CALL | 3.84% | 2,828,800 | $115M |
| WMB CALL | 3.01% | 1,785,900 | $90M |
| SHLD PUT | 2.99% | 2,163,100 | $90M |
| FNF CALL | 2.47% | 2,015,000 | $74M |
| RIG PUT | 1.17% | 2,400,000 | $35M |
Notes