Lone Pine Capital

Q2 2019 13F · by David Craver, CIO

As of: Jun 30, 2019
Filed: Aug 14, 2019
US stock: $16.1B · prev $17.1B
Positions: 31 · prev 29
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves34 since the prior filing

+18.8 pp in · −19.3 pp out

New 6 +7.23 pp
Added 10 +11.55 pp
Trimmed 14 −5.15 pp
Exited 4 −14.12 pp

The book

Focused · behaves like 23 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 72% a year, about 1.4 years per position

Low
Moderate
High

Top 5 positions31% of US stock

ADBE Adobe Inc. trimmed−0.19 pp trimmed−0.196.9%
BABA Alibaba Group Holding Limited added+0.17 pp added+0.176.2%
IQV IQVIA Holdings Inc. trimmed−0.29 pp trimmed−0.296.2%
MSFT Microsoft Corp trimmed−0.08 pp trimmed−0.086.2%
UNH UNITEDHEALTH GROUP INCORPORATED (Delaware) added+0.55 pp added+0.555.7%

Positions31 in this filing · 4 exited


ADBEAdobe Inc.	6.86%	3,743,938	$1.1B	trimmed−17%	−0.19 pp	22 q
BABAAlibaba Group Holding Limited	6.19%	5,875,662	$996M	added+4%	+0.17 pp	12 q
IQVIQVIA Holdings Inc.	6.19%	6,185,907	$995M	trimmed−20%	−0.29 pp	7 q
MSFTMicrosoft Corp	6.15%	7,384,511	$989M	trimmed−18%	−0.08 pp	9 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	5.72%	3,772,254	$920M	added+6%	+0.55 pp	9 q
AMZNAmazon.Com Inc	5.49%	466,511	$883M	trimmed−28%	−1.29 pp	7 q
UNPUnion Pacific Corp.	5.18%	4,930,899	$834M	added+49%	+1.94 pp	2 q
TDGTransDigm Group Incorporated	4.77%	1,585,504	$767M	trimmed−5%	+0.36 pp	7 q
WYNNWynn Resorts Ltd	4.17%	5,406,697	$670M	trimmed−9%	+0.02 pp	8 q
ADSKAutodesk Inc	4.04%	3,989,892	$650M	added+16%	+0.91 pp	3 q
unresolvedCanadian Pac Ry Ltd	3.96%	2,706,006	$637M	trimmed−16%	+0.08 pp	5 q
TIFTiffany & Co.	3.82%	6,570,002	$615M	trimmed−3%	−0.36 pp	3 q
BKNGBooking Holdings Inc.	3.75%	321,396	$603M	held	—	3 q
METAMeta Platforms, Inc. Class A	3.60%	3,002,136	$579M	trimmed−38%	−1.12 pp	20 q
DHID.R. Horton Inc.	3.33%	12,430,413	$536M	added+89%	+1.74 pp	2 q
AIYActivision Blizzard Inc	3.03%	10,324,534	$487M	new	+3.03 pp	new
SHOPShopify Inc. Class A subordinate voting shares	2.80%	1,502,771	$451M	added×37.6	+2.75 pp	2 q
CRMSalesforce, Inc.	2.77%	2,941,733	$446M	added+50%	+0.96 pp	3 q
MAMastercard Incorporated	2.75%	1,670,957	$442M	trimmed−40%	−1.09 pp	3 q
SPGIS&P Global Inc.	2.73%	1,930,511	$440M	trimmed−38%	−1.07 pp	2 q
NOWServicenow, Inc.	2.24%	1,311,525	$360M	trimmed−23%	−0.22 pp	9 q
DPZDomino's Pizza Inc.	2.16%	1,247,255	$347M	new	+2.16 pp	new
MELIMercado Libre, Inc	1.81%	476,373	$291M	trimmed−29%	−0.17 pp	8 q
XYZBlock, Inc.	1.49%	3,314,831	$240M	added×27.6	+1.44 pp	2 q
SESea Limited	1.27%	6,134,122	$204M	trimmed−16%	+0.27 pp	7 q
WWEWorld Wrestling Entertainment	1.21%	2,692,308	$194M	added×17.1	+1.13 pp	2 q
UBERUber Technologies, Inc.	0.78%	3,001,420	$125M	new	+0.78 pp	new
CHWYChewy, Inc.	0.72%	3,292,923	$115M	new	+0.72 pp	new
COUPCoupa Software Incorporated	0.51%	652,824	$83M	new	+0.51 pp	new
STNEStoneCo Ltd. Class A	0.46%	2,528,303	$75M	added+22%	−0.04 pp	3 q
unresolvedAtlassian Corp Plc	0.03%	37,900	$5M	new	+0.03 pp	new
STZConstellation Brands, Inc.	—	−4,932,455	—	exited	−5.06 pp	—
CSXCSX Corporation	—	−7,998,686	—	exited	−3.50 pp	—
GOOGAlphabet Inc. Class C	—	−444,419	—	exited	−3.05 pp	—
TRUTransUnion	—	−6,435,350	—	exited	−2.51 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 2 unresolved
Accession: 0001567619-19-016976
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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