Lone Pine Capital
Picture
Moves
Options: 7 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- added−1.29
- trimmed−0.21
Positions
| unresolvedValeant Pharmaceuticals Intl | 5.94% | 7,461,780 | $1.3B | added+41% | +0.70 pp | 10 q |
| unresolvedPriceline Grp Inc | 5.48% | 992,252 | $1.2B | trimmed−17% | −0.62 pp | 10 q |
| unresolvedCharter Comm's Inc | 5.14% | 6,550,257 | $1.2B | added+22% | +1.05 pp | 5 q |
| JDJD.com, Inc. | 5.06% | 43,495,999 | $1.1B | added+4% | −1.29 pp | 4 q |
| MSFTMicrosoft Corp | 5.01% | 25,339,024 | $1.1B | trimmed−5% | −0.21 pp | 8 q |
| AMZNAmazon.Com Inc | 4.43% | 1,937,002 | $992M | new | +4.43 pp | new |
| METAMeta Platforms, Inc. Class A | 4.30% | 10,702,259 | $962M | added+10% | +0.58 pp | 5 q |
| FLTCorpay, Inc. | 3.95% | 6,434,203 | $885M | added+17% | +0.15 pp | 10 q |
| MAMastercard Incorporated | 3.36% | 8,343,895 | $752M | trimmed−14% | −0.68 pp | 9 q |
| EQIXEquinix, Inc. | 3.24% | 2,650,775 | $725M | trimmed−12% | −0.15 pp | 3 q |
| ACTAllergan PLC | 3.17% | 2,607,655 | $709M | added+13% | +0.07 pp | 2 q |
| NKENike, Inc. | 3.13% | 5,700,855 | $701M | trimmed−20% | −0.30 pp | 3 q |
| VVISA Inc. | 3.04% | 9,769,463 | $681M | added+10% | +0.38 pp | 4 q |
| WMBWilliams Companies Inc. | 2.91% | 17,675,229 | $651M | added+27% | −0.64 pp | 3 q |
| ILMNIllumina Inc | 2.83% | 3,609,735 | $635M | trimmed−36% | −2.68 pp | 3 q |
| EAElectronic Arts Inc | 2.66% | 8,782,612 | $595M | added×11.1 | +2.43 pp | 2 q |
| LNGCheniere Energy Inc | 2.64% | 12,241,775 | $591M | added+54% | +0.20 pp | 6 q |
| STZConstellation Brands, Inc. | 2.62% | 4,684,214 | $587M | new | +2.62 pp | new |
| DVADaVita Inc. | 2.56% | 7,918,998 | $573M | added+45% | +0.63 pp | 4 q |
| WBAWalgreens Boots Alliance, Inc | 2.52% | 6,787,816 | $564M | added+31% | +0.57 pp | 4 q |
| ULTAUlta Beauty, Inc. | 2.39% | 3,276,408 | $535M | added+40% | +0.79 pp | 10 q |
| ADBEAdobe Inc. | 2.28% | 6,209,219 | $511M | trimmed−33% | −1.05 pp | 7 q |
| TDGTransDigm Group Incorporated | 2.10% | 2,215,423 | $471M | held | — | 10 q |
| SCHWThe Charles Schwab Corporation | 1.71% | 13,396,145 | $383M | added×17.9 | +1.60 pp | 2 q |
| MHKMohawk Industries, Inc. | 1.60% | 1,971,450 | $358M | added+1% | −0.06 pp | 5 q |
| DLTRDollar Tree Inc. | 1.53% | 5,139,395 | $343M | new | +1.53 pp | new |
| HDBHDFC Bank Limited | 1.46% | 5,349,293 | $327M | added×2.7 | +0.92 pp | 3 q |
| unresolvedHorizon Pharma PLC | 1.38% | 15,600,988 | $309M | added×4.9 | +0.89 pp | 2 q |
| unresolvedSBA Comms Corp | 1.31% | 2,801,753 | $293M | trimmed−39% | −1.03 pp | 8 q |
| unresolvedMobileye Nv | 1.30% | 6,394,066 | $291M | new | +1.30 pp | new |
| AIYActivision Blizzard Inc | 1.28% | 9,293,749 | $287M | new | +1.28 pp | new |
| VMCVulcan Materials Company(Holding Company) | 1.28% | 3,201,896 | $286M | trimmed−7% | −0.01 pp | 3 q |
| ENDPQEndo International PLC | 1.19% | 3,859,641 | $267M | added+8% | −0.07 pp | 3 q |
| FNFFidelity National Financial, Inc. | 1.03% | 6,512,113 | $231M | trimmed−33% | −0.56 pp | 3 q |
| HN9Hanesbrands Inc | 0.99% | 7,689,684 | $223M | added+1% | −0.13 pp | 2 q |
| TAPMolson Coors Beverage Company Class B | 0.72% | 1,944,601 | $161M | new | +0.72 pp | new |
| ANETArista Networks | 0.59% | 2,175,925 | $133M | added+15% | −0.10 pp | 6 q |
| EXPEExpedia Group, Inc. | 0.58% | 1,094,269 | $129M | new | +0.58 pp | new |
| KSUKansas City Southern | 0.57% | 1,398,480 | $127M | added×6.0 | +0.48 pp | 2 q |
| GRAW.R. Grace & Co. | 0.56% | 1,351,301 | $126M | added+12% | +0.02 pp | 4 q |
| HOUSAnywhere Real Estate Inc. | 0.16% | 979,197 | $37M | trimmed−91% | −2.00 pp | 10 q |
| AXPAmerican Express Company | 0.00% | 1,000 | $74,000 | new | 0.00 pp | new |
| DEODiageo plc | 0.00% | 1,000 | $108,000 | new | 0.00 pp | new |
| LOWLowe's Companies Inc. | — | −7,053,887 | — | exited | −2.10 pp | — |
| HCAHCA Healthcare, Inc. | — | −5,007,242 | — | exited | −2.02 pp | — |
| unresolvedMcGraw Hill | — | −3,625,834 | — | exited | −1.62 pp | — |
| ADSKAutodesk Inc | — | −6,158,948 | — | exited | −1.37 pp | — |
| SUNEQSunedison Inc | — | −9,663,802 | — | exited | −1.28 pp | — |
| AAPAdvance Auto Parts Inc | — | −1,217,455 | — | exited | −0.86 pp | — |
| unresolvedLiberty Media Corp Delaware | — | −4,571,191 | — | exited | −0.73 pp | — |
| MTGMGIC Investment Corp. | — | −12,403,003 | — | exited | −0.63 pp | — |
| unresolvedSolarwinds Inc | — | −2,518,528 | — | exited | −0.52 pp | — |
| unresolvedLiberty Media Corp Delaware | — | −3,013,061 | — | exited | −0.48 pp | — |
| PRGOPerrigo Company PLC | — | −375,924 | — | exited | −0.31 pp | — |
| CSXCSX Corporation | — | −2,088,300 | — | exited | −0.30 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| Proshares Tr II PUT | 31.11% | 12,000,000 | $672M |
| Charter Comm's Inc CALL | 24.85% | 3,050,000 | $536M |
| AXP CALL | 14.77% | 4,300,000 | $319M |
| DEO CALL | 14.23% | 2,850,000 | $307M |
| Barclays Bk PLC PUT | 6.53% | 5,500,000 | $141M |
| FNF CALL | 3.15% | 1,915,000 | $68M |
| SHLD PUT | 2.10% | 2,010,000 | $45M |
| CSX CALL | 1.66% | 1,331,200 | $36M |
| MSFT CALL | 1.59% | 775,600 | $34M |
Notes