Lone Pine Capital
Picture
Moves
Options: 8 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
Positions
| JDJD.com, Inc. | 6.35% | 41,890,558 | $1.4B | added+9% | +1.52 pp | 3 q |
| unresolvedPriceline Grp Inc | 6.10% | 1,191,794 | $1.4B | trimmed−10% | −0.51 pp | 9 q |
| ILMNIllumina Inc | 5.51% | 5,678,537 | $1.2B | added+96% | +3.22 pp | 2 q |
| unresolvedValeant Pharmaceuticals Intl | 5.24% | 5,310,143 | $1.2B | trimmed−5% | +0.52 pp | 9 q |
| MSFTMicrosoft Corp | 5.22% | 26,598,524 | $1.2B | added+84% | +2.71 pp | 7 q |
| unresolvedCharter Comm's Inc | 4.09% | 5,377,312 | $921M | added+62% | +1.35 pp | 4 q |
| MAMastercard Incorporated | 4.04% | 9,726,632 | $909M | trimmed−25% | −0.74 pp | 8 q |
| FLTCorpay, Inc. | 3.80% | 5,478,615 | $855M | held | — | 9 q |
| METAMeta Platforms, Inc. Class A | 3.72% | 9,761,722 | $837M | added+20% | +0.87 pp | 4 q |
| WMBWilliams Companies Inc. | 3.55% | 13,943,148 | $800M | added+16% | +0.96 pp | 2 q |
| NKENike, Inc. | 3.43% | 7,155,860 | $773M | added+26% | +1.00 pp | 2 q |
| EQIXEquinix, Inc. | 3.39% | 3,005,944 | $764M | added+10% | +0.68 pp | 2 q |
| ADBEAdobe Inc. | 3.33% | 9,264,439 | $751M | trimmed−23% | −0.47 pp | 6 q |
| ACTAllergan PLC | 3.10% | 2,297,966 | $697M | new | +3.10 pp | new |
| VVISA Inc. | 2.66% | 8,900,538 | $598M | trimmed−6% | 0.00 pp | 3 q |
| LNGCheniere Energy Inc | 2.44% | 7,943,511 | $550M | trimmed−1% | −0.21 pp | 5 q |
| unresolvedSBA Comms Corp | 2.34% | 4,584,339 | $527M | trimmed−29% | −0.89 pp | 7 q |
| TDGTransDigm Group Incorporated | 2.21% | 2,215,423 | $498M | held | — | 9 q |
| HOUSAnywhere Real Estate Inc. | 2.16% | 10,406,478 | $486M | held | — | 9 q |
| LOWLowe's Companies Inc. | 2.10% | 7,053,887 | $472M | added+19% | +0.22 pp | 2 q |
| HCAHCA Healthcare, Inc. | 2.02% | 5,007,242 | $454M | trimmed−14% | +0.15 pp | 3 q |
| WBAWalgreens Boots Alliance, Inc | 1.95% | 5,198,204 | $439M | added×2.0 | +1.02 pp | 3 q |
| DVADaVita Inc. | 1.93% | 5,455,774 | $434M | held | — | 3 q |
| MHKMohawk Industries, Inc. | 1.66% | 1,958,565 | $374M | held | — | 4 q |
| unresolvedMcGraw Hill | 1.62% | 3,625,834 | $364M | trimmed−21% | −0.40 pp | 7 q |
| ULTAUlta Beauty, Inc. | 1.60% | 2,337,670 | $361M | trimmed−6% | +0.01 pp | 9 q |
| FNFFidelity National Financial, Inc. | 1.59% | 9,672,695 | $358M | added+23% | +0.36 pp | 2 q |
| ADSKAutodesk Inc | 1.37% | 6,158,948 | $308M | trimmed−24% | −0.66 pp | 4 q |
| VMCVulcan Materials Company(Holding Company) | 1.29% | 3,460,099 | $290M | added×2.4 | +0.78 pp | 2 q |
| SUNEQSunedison Inc | 1.28% | 9,663,802 | $289M | trimmed−14% | +0.13 pp | 2 q |
| ENDPQEndo International PLC | 1.26% | 3,570,117 | $284M | added+9% | +0.01 pp | 2 q |
| HN9Hanesbrands Inc | 1.12% | 7,588,105 | $253M | new | +1.12 pp | new |
| AAPAdvance Auto Parts Inc | 0.86% | 1,217,455 | $194M | new | +0.86 pp | new |
| unresolvedLiberty Media Corp Delaware | 0.73% | 4,571,191 | $164M | added+1% | −0.01 pp | 2 q |
| ANETArista Networks | 0.69% | 1,895,925 | $155M | added+27% | +0.24 pp | 5 q |
| MTGMGIC Investment Corp. | 0.63% | 12,403,003 | $141M | held | — | 2 q |
| GRAW.R. Grace & Co. | 0.54% | 1,206,801 | $121M | trimmed−58% | −0.68 pp | 3 q |
| HDBHDFC Bank Limited | 0.54% | 2,014,620 | $122M | held | — | 2 q |
| unresolvedSolarwinds Inc | 0.52% | 2,518,528 | $116M | added+6% | 0.00 pp | 8 q |
| unresolvedHorizon Pharma PLC | 0.49% | 3,204,972 | $111M | new | +0.49 pp | new |
| unresolvedLiberty Media Corp Delaware | 0.48% | 3,013,061 | $109M | added+9% | +0.03 pp | 2 q |
| PRGOPerrigo Company PLC | 0.31% | 375,924 | $69M | new | +0.31 pp | new |
| CSXCSX Corporation | 0.30% | 2,088,300 | $68M | new | +0.30 pp | new |
| EAElectronic Arts Inc | 0.23% | 794,440 | $53M | new | +0.23 pp | new |
| SCHWThe Charles Schwab Corporation | 0.11% | 748,520 | $24M | new | +0.11 pp | new |
| KSUKansas City Southern | 0.09% | 231,220 | $21M | new | +0.09 pp | new |
| BIDUBaidu, Inc. | — | −5,281,484 | — | exited | −4.70 pp | — |
| AAPLApple Inc. | — | −6,838,522 | — | exited | −3.63 pp | — |
| unresolvedMichael Kors Hldgs Ltd | — | −11,225,155 | — | exited | −3.15 pp | — |
| unresolvedCanadian Pac Ry Ltd | — | −3,147,265 | — | exited | −2.45 pp | — |
| unresolvedActavis PLC | — | −1,832,314 | — | exited | −2.33 pp | — |
| VIPSVipshop Holdings Limited | — | −10,943,918 | — | exited | −1.38 pp | — |
| CDKCDK Global, Inc. | — | −2,636,255 | — | exited | −0.53 pp | — |
| CTSHCognizant Technology Solutions | — | −1,093,374 | — | exited | −0.29 pp | — |
| JAZZJazz Pharmaceuticals, Inc. | — | −260,985 | — | exited | −0.19 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| Currencyshares Euro Tr PUT | 51.92% | 20,000,000 | $2.2B |
| Proshares Tr II PUT | 12.51% | 12,000,000 | $528M |
| Charter Comm's Inc CALL | 12.39% | 3,050,000 | $522M |
| DEO CALL | 7.84% | 2,850,000 | $331M |
| WMB CALL | 4.47% | 3,285,900 | $189M |
| MSFT CALL | 2.96% | 2,828,800 | $125M |
| Barclays Bk PLC PUT | 2.62% | 5,500,000 | $111M |
| CSX CALL | 2.14% | 2,760,000 | $90M |
| FNF CALL | 1.77% | 2,015,000 | $75M |
| SHLD PUT | 1.37% | 2,163,100 | $58M |
Notes