Lone Pine Capital
Picture
Moves
Options: 6 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- added+1.73
- added+2.22
- trimmed+0.26
- added+3.01
Positions
| MSFTMicrosoft Corp | 6.74% | 27,262,024 | $1.5B | added+8% | +1.73 pp | 9 q |
| AMZNAmazon.Com Inc | 6.65% | 2,207,252 | $1.5B | added+14% | +2.22 pp | 2 q |
| unresolvedPriceline Grp Inc | 4.74% | 834,421 | $1.1B | trimmed−16% | −0.74 pp | 11 q |
| METAMeta Platforms, Inc. Class A | 4.56% | 9,785,312 | $1.0B | trimmed−9% | +0.26 pp | 6 q |
| DLTRDollar Tree Inc. | 4.54% | 13,194,122 | $1.0B | added×2.6 | +3.01 pp | 2 q |
| VVISA Inc. | 4.41% | 12,769,259 | $990M | added+31% | +1.37 pp | 5 q |
| FLTCorpay, Inc. | 4.10% | 6,434,203 | $920M | held | — | 11 q |
| JDJD.com, Inc. | 3.88% | 26,995,511 | $871M | trimmed−38% | −1.18 pp | 5 q |
| unresolvedCharter Comm's Inc | 3.86% | 4,727,605 | $866M | trimmed−28% | −1.28 pp | 6 q |
| STZConstellation Brands, Inc. | 3.40% | 5,350,993 | $762M | added+14% | +0.78 pp | 2 q |
| WMBWilliams Companies Inc. | 3.31% | 28,940,290 | $744M | added+64% | +0.40 pp | 4 q |
| NKENike, Inc. | 3.20% | 11,496,188 | $719M | added+1% | +0.07 pp | 4 q |
| ILMNIllumina Inc | 3.09% | 3,609,835 | $693M | added0% | +0.26 pp | 4 q |
| ULTAUlta Beauty, Inc. | 2.95% | 3,576,964 | $662M | added+9% | +0.56 pp | 11 q |
| EQIXEquinix, Inc. | 2.84% | 2,110,509 | $638M | trimmed−20% | −0.40 pp | 4 q |
| MAMastercard Incorporated | 2.67% | 6,150,587 | $599M | trimmed−26% | −0.69 pp | 10 q |
| unresolvedValeant Pharmaceuticals Intl | 2.64% | 5,829,079 | $593M | trimmed−22% | −3.30 pp | 11 q |
| WBAWalgreens Boots Alliance, Inc | 2.58% | 6,787,816 | $578M | held | — | 5 q |
| TDGTransDigm Group Incorporated | 2.21% | 2,171,359 | $496M | trimmed−2% | +0.11 pp | 11 q |
| LNGCheniere Energy Inc | 2.09% | 12,591,775 | $469M | added+3% | −0.55 pp | 7 q |
| EAElectronic Arts Inc | 1.97% | 6,443,613 | $443M | trimmed−27% | −0.69 pp | 3 q |
| AIYActivision Blizzard Inc | 1.94% | 11,266,018 | $436M | added+21% | +0.66 pp | 2 q |
| NOCNorthrop Grumman Corp. | 1.79% | 2,132,094 | $403M | new | +1.79 pp | new |
| ADBEAdobe Inc. | 1.68% | 4,012,185 | $377M | trimmed−35% | −0.60 pp | 8 q |
| HDBHDFC Bank Limited | 1.61% | 5,878,093 | $362M | added+10% | +0.15 pp | 4 q |
| MHKMohawk Industries, Inc. | 1.59% | 1,886,750 | $357M | trimmed−4% | −0.01 pp | 6 q |
| ADSKAutodesk Inc | 1.56% | 5,732,050 | $349M | new | +1.56 pp | new |
| unresolvedHorizon Pharma PLC | 1.51% | 15,600,988 | $338M | held | — | 3 q |
| LULUlululemon athletica inc. | 1.48% | 6,348,148 | $333M | new | +1.48 pp | new |
| GOOGAlphabet Inc. Class C | 1.40% | 412,616 | $313M | new | +1.40 pp | new |
| GOOGLAlphabet Inc. Class A | 1.40% | 404,297 | $315M | new | +1.40 pp | new |
| PXDPioneer Natural Resource Co. | 1.34% | 2,395,261 | $300M | new | +1.34 pp | new |
| unresolvedExpress Scripts Hldg Co | 1.24% | 3,193,180 | $279M | new | +1.24 pp | new |
| VMCVulcan Materials Company(Holding Company) | 1.23% | 2,902,347 | $276M | trimmed−9% | −0.05 pp | 4 q |
| HN9Hanesbrands Inc | 1.22% | 9,336,411 | $275M | added+21% | +0.23 pp | 3 q |
| TAPMolson Coors Beverage Company Class B | 0.99% | 2,354,601 | $221M | added+21% | +0.27 pp | 2 q |
| BUDAnheuser-Busch INBEV SA/NV | 0.83% | 1,487,392 | $186M | new | +0.83 pp | new |
| ANETArista Networks | 0.75% | 2,175,925 | $169M | held | — | 7 q |
| AXPAmerican Express Company | 0.00% | 1,281 | $89,000 | added+28% | 0.00 pp | 2 q |
| DEODiageo plc | 0.00% | 1,281 | $140,000 | added+28% | 0.00 pp | 2 q |
| ACTAllergan PLC | — | −2,607,655 | — | exited | −3.17 pp | — |
| DVADaVita Inc. | — | −7,918,998 | — | exited | −2.56 pp | — |
| SCHWThe Charles Schwab Corporation | — | −13,396,145 | — | exited | −1.71 pp | — |
| unresolvedSBA Comms Corp | — | −2,801,753 | — | exited | −1.31 pp | — |
| unresolvedMobileye Nv | — | −6,394,066 | — | exited | −1.30 pp | — |
| ENDPQEndo International PLC | — | −3,859,641 | — | exited | −1.19 pp | — |
| FNFFidelity National Financial, Inc. | — | −6,512,113 | — | exited | −1.03 pp | — |
| EXPEExpedia Group, Inc. | — | −1,094,269 | — | exited | −0.58 pp | — |
| KSUKansas City Southern | — | −1,398,480 | — | exited | −0.57 pp | — |
| GRAW.R. Grace & Co. | — | −1,351,301 | — | exited | −0.56 pp | — |
| HOUSAnywhere Real Estate Inc. | — | −979,197 | — | exited | −0.16 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| DEO CALL | 32.51% | 2,850,000 | $311M |
| AXP CALL | 31.28% | 4,300,000 | $299M |
| Proshares Tr II PUT | 17.79% | 6,000,000 | $170M |
| FNF CALL | 6.35% | 1,750,000 | $61M |
| Barclays Bk PLC PUT | 6.31% | 3,000,000 | $60M |
| SHLD PUT | 4.32% | 2,010,000 | $41M |
| CSX CALL | 1.45% | 534,300 | $14M |
Notes