Steve Mandel’s portfolio: Lone Pine Capital 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061165Latest: Q2 2026
Q1 2014 filing in brief
In its Q1 2014 13F, filed May 15, 2014, Lone Pine Capital reported $23.0B across 52 US positions. The largest: CTSH (6.3%), BIDU (5.2%), VALEANT PHARMACEUTICALS INTL (5.0%), MSFT (5.0%), LIBERTY GLOBAL PLC (3.8%). In the quarter it opened 13 positions, sold out of 16, added to 20 and trimmed 16; positions opened and sold out came to 33% of the portfolio's value.
Methodology
Holdings come from the manager’s Form 13F-HR filings on SEC EDGAR, with amendments applied. Values and shares are reported at quarter-end; the filing date is when the report became public. These disclosures show reported long positions and listed options, not the manager’s entire portfolio or its trades since quarter-end.
Quarterly changes compare shares with the immediately preceding quarter on file. New and exited positions appear or disappear; added and trimmed positions change their share count by more than 1%. A share change can also reflect a stock split or other corporate action.
Opened and sold out is the value of new positions plus the prior value of exited positions, divided by the average of the two quarters’ reported portfolio values. It excludes changes to positions still held. Reported value growth includes price changes and is not a measure of investment performance. Largest-five and largest-ten weights exclude options.
Holdings
Filed May 15, 2014
- 13 New
- 20 Added
- 16 Trimmed
- 16 Exited
52 positions at March 31, 2014. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | CTSH | COGNIZANT TECHNOLOGY SOLUTIO | $1.5B | 28.7M | 6.32% | +167.4% | Added |
| 2 | BIDU | BAIDU INC | $1.2B | 7.8M | 5.17% | +44.9% | Added |
| 3 | — | VALEANT PHARMACEUTICALS INTL | $1.2B | 8.8M | 5.05% | +13.7% | Added |
| 4 | MSFT | MICROSOFT CORP | $1.2B | 28.1M | 5.00% | +10.2% | Added |
| 5 | — | LIBERTY GLOBAL PLC | $866M | 21.3M | 3.76% | +310.1% | Added |
| 6 | — | MICHAEL KORS HLDGS LTD | $844M | 9.0M | 3.67% | +48.0% | Added |
| 7 | — | MCGRAW HILL FINL INC | $839M | 11.0M | 3.65% | +102.8% | Added |
| 8 | — | SBA COMMUNICATIONS CORP | $814M | 8.9M | 3.54% | +63.9% | Added |
| 9 | GAP | GAP INC DEL | $798M | 19.9M | 3.47% | −3.1% | Trimmed |
| 10 | — | CROWN CASTLE INTL CORP | $668M | 9.1M | 2.90% | −12.7% | Trimmed |
| 11 | ICE | INTERCONTINENTALEXCHANGE GRO | $656M | 3.3M | 2.85% | +50.9% | Added |
| 12 | — | MONSANTO CO NEW | $656M | 5.8M | 2.85% | −1.1% | Trimmed |
| 13 | — | TWENTY FIRST CENTY FOX INC | $640M | 20.0M | 2.78% | −2.0% | Trimmed |
| 14 | FLT1EUR | FLEETCOR TECHNOLOGIES INC | $626M | 5.4M | 2.72% | +24.9% | Added |
| 15 | DG | DOLLAR GEN CORP NEW | $574M | 10.3M | 2.49% | −45.3% | Trimmed |
| 16 | — | REALOGY HLDGS CORP | $561M | 12.9M | 2.44% | +3.8% | Added |
| 17 | MA | MASTERCARD INC | $545M | 7.3M | 2.37% | +667.4% | Added |
| 18 | QCOM | QUALCOMM INC | $515M | 6.5M | 2.24% | −40.0% | Trimmed |
| 19 | ULTA | ULTA SALON COSMETCS & FRAG I | $507M | 5.2M | 2.20% | +8.2% | Added |
| 20 | — | ACTAVIS PLC | $490M | 2.4M | 2.13% | — | New |
| 21 | LPLA | LPL FINL HLDGS INC | $448M | 8.5M | 1.95% | — | New |
| 22 | ADBE | ADOBE SYS INC | $434M | 6.6M | 1.89% | — | New |
| 23 | — | BARCLAYS BK PLCput option | $421M | 10.0M | 1.83% | 0.0% | Held |
| 24 | — | EQUINIX INC | $417M | 2.3M | 1.81% | — | New |
| 25 | WYNEUR | WYNDHAM WORLDWIDE CORP | $357M | 4.9M | 1.55% | −22.3% | Trimmed |
| 26 | — | PRICELINE COM INC | $346M | 290.1K | 1.50% | −67.2% | Trimmed |
| 27 | — | JAZZ PHARMACEUTICALS PLC | $325M | 2.3M | 1.41% | — | New |
| 28 | — | SOUFUN HLDGS LTD | $303M | 4.4M | 1.32% | — | New |
| 29 | — | B/E AEROSPACE INC | $295M | 3.4M | 1.28% | −22.9% | Trimmed |
| 30 | — | LIBERTY GLOBAL PLC | $290M | 7.0M | 1.26% | +56.6% | Added |
| 31 | — | ENDO INTL PLC | $287M | 4.2M | 1.25% | — | New |
| 32 | — | SOLARWINDS INC | $278M | 6.5M | 1.21% | −2.7% | Trimmed |
| 33 | OII | OCEANEERING INTL INC | $274M | 3.8M | 1.19% | +21.9% | Added |
| 34 | WDAY | WORKDAY INC | $273M | 3.0M | 1.19% | −3.2% | Trimmed |
| 35 | WYNN | WYNN RESORTS LTD | $263M | 1.2M | 1.14% | — | New |
| 36 | DVA | DAVITA HEALTHCARE PARTNERS I | $252M | 3.7M | 1.09% | −56.8% | Trimmed |
| 37 | IBN | ICICI BK LTD | $251M | 5.7M | 1.09% | — | New |
| 38 | — | DSW INC | $249M | 7.0M | 1.08% | +1.3% | Added |
| 39 | — | LUMBER LIQUIDATORS HLDGS INC | $246M | 2.6M | 1.07% | +429.4% | Added |
| 40 | TIFEUR | TIFFANY & CO NEW | $228M | 2.6M | 0.99% | — | New |
| 41 | AN | AUTONATION INC | $212M | 4.0M | 0.92% | — | New |
| 42 | TDG | TRANSDIGM GROUP INC | $191M | 1.0M | 0.83% | −62.7% | Trimmed |
| 43 | QCOM | QUALCOMM INCcall option | $136M | 1.7M | 0.59% | 0.0% | Held |
| 44 | ASML | ASML HOLDING N V | $127M | 1.4M | 0.55% | +12.8% | Added |
| 45 | META | FACEBOOK INC | $120M | 2.0M | 0.52% | −33.3% | Trimmed |
| 46 | SHLDEUR | SEARS HLDGS CORPput option | $100M | 2.6M | 0.43% | +13.7% | Added |
| 47 | MSFT | MICROSOFT CORPcall option | $83M | 2.0M | 0.36% | +22.5% | Added |
| 48 | — | COACH INC | $78M | 1.6M | 0.34% | −75.8% | Trimmed |
| 49 | PRKS | SEAWORLD ENTMT INC | $64M | 2.1M | 0.28% | −30.9% | Trimmed |
| 50 | CTRPUSD | CTRIP COM INTL LTD | $58M | 1.2M | 0.25% | — | New |
| 51 | — | YANDEX N V | $30M | 988.0K | 0.13% | — | New |
| 52 | ICE | INTERCONTINENTALEXCHANGE GROcall option | $12M | 60.6K | 0.05% | 0.0% | Held |
16 exited positions
Positions held in the preceding quarter and absent from this filing. Values and shares are from the preceding quarter.
| Ticker | Issuer | Previous value | Previous shares |
|---|---|---|---|
| DLTR | DOLLAR TREE INC | $459M | 8.1M |
| AXP | AMERICAN EXPRESS CO | $399M | 4.4M |
| VRSN | VERISIGN INC | $379M | 6.3M |
| — | UNITED STATES NATL GAS FUNDput option | $341M | 16.5M |
| — | MEAD JOHNSON NUTRITION CO | $298M | 3.6M |
| — | ENDO HEALTH SOLUTIONS INC | $293M | 4.3M |
| — | KINDER MORGAN INC DEL | $284M | 69.9M |
| CME | CME GROUP INC | $284M | 3.6M |
| SEMGUSD | SEMGROUP CORP | $255M | 3.9M |
| — | LIBERTY MEDIA CORP DELAWARE | $223M | 1.5M |
| CME | CME GROUP INCcall option | $157M | 2.0M |
| AXP | AMERICAN EXPRESS COcall option | $152M | 1.7M |
| — | TOWERS WATSON & CO | $140M | 1.1M |
| — | CHARTER COMMUNICATIONS INC D | $106M | 774.5K |
| LOW | LOWES COS INC | $105M | 2.1M |
| — | SOUFUN HLDGS LTDcall option | $4M | 45.0K |
Every quarter on file (53)
From the manager’s Form 13F-HR filings on SEC EDGAR, amendments applied. Long US positions only; not a recommendation.