Lone Pine Capital

Q1 2022 13F · by David Craver, CIO

As of: Mar 31, 2022
Filed: May 16, 2022
US stock: $16.8B · prev $24.4B
Positions: 29 · prev 29
Options notional: $8M
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 0.1%
Calls at notional value 0.0%

Moves35 since the prior filing

+24.5 pp in · −24.7 pp out

New 8 +19.76 pp
Added 3 +4.73 pp
Trimmed 15 −12.27 pp
Exited 8 −12.39 pp

Options: 1 move on a notional base, in the table below.

The book

Concentrated · behaves like 20 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 91% a year, about 1.1 years per position

Low
Moderate
High

Top 5 positions38% of US stock

Positions29 in this filing · 8 exited


MSFTMicrosoft Corp	9.17%	4,997,089	$1.5B	added+6%	+2.70 pp	20 q
AMZNAmazon.Com Inc	8.65%	445,798	$1.5B	trimmed−28%	+0.22 pp	18 q
WDAYWorkday, Inc. Class A	7.30%	5,122,512	$1.2B	trimmed−12%	+0.79 pp	5 q
NOWServicenow, Inc.	6.56%	1,979,148	$1.1B	trimmed−1%	+1.23 pp	20 q
BBWIBath & Body Works, Inc.	6.32%	22,221,713	$1.1B	trimmed−9%	−0.63 pp	9 q
MAMastercard Incorporated	5.15%	2,419,160	$865M	trimmed−50%	−1.95 pp	2 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	4.95%	7,981,414	$832M	new	+4.95 pp	new
METAMeta Platforms, Inc. Class A	4.85%	3,662,065	$814M	new	+4.85 pp	new
VVISA Inc.	4.54%	3,442,381	$763M	trimmed−29%	+0.25 pp	2 q
SHOPShopify Inc. Class A subordinate voting shares	4.16%	1,034,303	$699M	trimmed−26%	−3.68 pp	13 q
MTCHMatch Group, Inc	4.01%	6,201,440	$674M	trimmed−30%	−0.80 pp	7 q
SNAPSnap Inc.	3.95%	18,461,748	$664M	trimmed−45%	−2.50 pp	6 q
RHRh	3.32%	1,709,193	$557M	added+7%	−0.20 pp	4 q
DASHDoorDash, Inc. Class A	3.18%	4,554,779	$534M	trimmed−45%	−1.85 pp	6 q
DDOGDatadog, Inc. Class A	2.67%	2,965,288	$449M	trimmed−9%	+0.28 pp	8 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	2.63%	865,578	$441M	trimmed−62%	−2.09 pp	20 q
unresolvedAtlassian Corp Plc	2.45%	1,401,024	$412M	new	+2.45 pp	new
XYZBlock, Inc.	2.41%	2,984,115	$405M	added×10.8	+2.23 pp	7 q
VSXYVictorias Secret & Co.	2.26%	7,396,702	$380M	trimmed−10%	+0.40 pp	3 q
DKSDick's Sporting Goods, Inc.	2.22%	3,731,656	$373M	new	+2.22 pp	new
BILLBILL Holdings, Inc.	1.84%	1,365,353	$310M	new	+1.84 pp	new
TMOThermo Fisher Scientific, Inc.	1.83%	520,709	$308M	new	+1.83 pp	new
FTCHQFarfetch Limited A	1.55%	17,201,243	$260M	trimmed−30%	−1.80 pp	6 q
HUBSHubspot, Inc.	1.26%	446,951	$212M	new	+1.26 pp	new
MQMarqeta, Inc. Class A	1.09%	16,609,826	$183M	trimmed−5%	−0.14 pp	3 q
SGSweetgreen, Inc.	0.87%	4,556,503	$146M	held	—	2 q
FCNCAFirst Citizens BancShares Inc	0.36%	91,634	$61M	new	+0.36 pp	new
AVDXAvidXchange Holdings, Inc.	0.24%	5,080,632	$41M	held	—	2 q
VTEXVtex	0.19%	5,274,887	$32M	held	—	3 q
BEKEKE Holdings Inc.	—	−30,957,063	—	exited	−2.55 pp	—
ADBEAdobe Inc.	—	−1,093,713	—	exited	−2.54 pp	—
SNOWSnowflake Inc.	—	−1,646,640	—	exited	−2.29 pp	—
NTESNetEase, inc.	—	−4,452,541	—	exited	−1.86 pp	—
CFLTConfluent, Inc. Class A	—	−4,398,572	—	exited	−1.37 pp	—
PVHPVH Corp.	—	−3,065,646	—	exited	−1.34 pp	—
AMPLAmplitude, Inc. Class A	—	−1,877,000	—	exited	−0.41 pp	—
FRSHFreshworks Inc. Class A	—	−275,000	—	exited	−0.03 pp	—