Steve Mandel’s portfolio: Lone Pine Capital 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061165Latest: Q2 2026
Q3 2014 filing in brief
In its Q3 2014 13F, filed November 14, 2014, Lone Pine Capital reported $25.6B across 48 US positions. The largest: BIDU (7.0%), VALEANT PHARMACEUTICALS INTL (5.6%), MICHAEL KORS HLDGS LTD (4.5%), MA (4.4%), MSFT (4.0%). In the quarter it opened 8 positions, sold out of 13, added to 17 and trimmed 10; positions opened and sold out came to 21.6% 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 Nov 14, 2014
- 8 New
- 17 Added
- 10 Trimmed
- 13 Exited
48 positions at September 30, 2014. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | BIDU | BAIDU INC | $1.8B | 8.2M | 6.98% | −8.2% | Trimmed |
| 2 | — | VALEANT PHARMACEUTICALS INTL | $1.4B | 11.0M | 5.63% | +8.9% | Added |
| 3 | — | MICHAEL KORS HLDGS LTD | $1.1B | 16.0M | 4.45% | +38.4% | Added |
| 4 | MA | MASTERCARD INC | $1.1B | 15.1M | 4.36% | +28.2% | Added |
| 5 | MSFT | MICROSOFT CORP | $1.0B | 22.3M | 4.05% | −15.2% | Trimmed |
| 6 | — | SBA COMMUNICATIONS CORP | $962M | 8.7M | 3.76% | −0.3% | Held |
| 7 | FLT1EUR | FLEETCOR TECHNOLOGIES INC | $936M | 6.6M | 3.66% | +9.1% | Added |
| 8 | — | MCGRAW HILL FINL INC | $915M | 10.8M | 3.57% | −13.4% | Trimmed |
| 9 | — | PRICELINE GRP INC | $845M | 729.3K | 3.30% | +5.4% | Added |
| 10 | CTSH | COGNIZANT TECHNOLOGY SOLUTIO | $809M | 18.1M | 3.16% | −38.8% | Trimmed |
| 11 | GAP | GAP INC DEL | $803M | 19.3M | 3.14% | 0.0% | Held |
| 12 | ADBE | ADOBE SYS INC | $793M | 11.5M | 3.10% | −3.6% | Trimmed |
| 13 | CMCSA | COMCAST CORP NEW | $741M | 13.8M | 2.89% | +13.3% | Added |
| 14 | — | CANADIAN PAC RY LTD | $728M | 3.5M | 2.84% | 0.0% | Held |
| 15 | META | FACEBOOK INC | $683M | 8.6M | 2.67% | — | New |
| 16 | TIFEUR | TIFFANY & CO NEW | $660M | 6.9M | 2.58% | +61.6% | Added |
| 17 | — | CROWN CASTLE INTL CORP | $632M | 7.8M | 2.47% | −6.9% | Trimmed |
| 18 | ULTA | ULTA SALON COSMETCS & FRAG I | $615M | 5.2M | 2.40% | 0.0% | Held |
| 19 | — | ACTAVIS PLC | $598M | 2.5M | 2.34% | 0.0% | Held |
| 20 | DG | DOLLAR GEN CORP NEW | $569M | 9.3M | 2.22% | +30.9% | Added |
| 21 | — | EQUINIX INC | $563M | 2.6M | 2.20% | +15.2% | Added |
| 22 | LNG | CHENIERE ENERGY INC | $553M | 6.9M | 2.16% | +1116.9% | Added |
| 23 | WYNN | WYNN RESORTS LTD | $525M | 2.8M | 2.05% | +35.4% | Added |
| 24 | — | REALOGY HLDGS CORP | $508M | 13.7M | 1.98% | 0.0% | Held |
| 25 | — | CHARTER COMMUNICATIONS INC D | $470M | 3.1M | 1.84% | — | New |
| 26 | MHK | MOHAWK INDS INC | $417M | 3.1M | 1.63% | — | New |
| 27 | LPLA | LPL FINL HLDGS INC | $392M | 8.5M | 1.53% | 0.0% | Held |
| 28 | TDG | TRANSDIGM GROUP INC | $329M | 1.8M | 1.29% | +82.4% | Added |
| 29 | UAA | UNDER ARMOUR INC | $312M | 4.5M | 1.22% | −4.9% | Trimmed |
| 30 | ABBV | ABBVIE INC | $303M | 5.2M | 1.18% | — | New |
| 31 | SAVEEUR | SPIRIT AIRLS INC | $295M | 4.3M | 1.15% | +21.8% | Added |
| 32 | WSM | WILLIAMS SONOMA INC | $292M | 4.4M | 1.14% | +196.0% | Added |
| 33 | WDAY | WORKDAY INC | $290M | 3.5M | 1.13% | 0.0% | Held |
| 34 | — | JAZZ PHARMACEUTICALS PLC | $287M | 1.8M | 1.12% | −14.3% | Trimmed |
| 35 | HUM | HUMANA INC | $283M | 2.2M | 1.11% | — | New |
| 36 | — | SOLARWINDS INC | $274M | 6.5M | 1.07% | 0.0% | Held |
| 37 | ICE | INTERCONTINENTAL EXCHANGE IN | $256M | 1.3M | 1.00% | −61.4% | Trimmed |
| 38 | TRIP | TRIPADVISOR INC | $253M | 2.8M | 0.99% | +153.3% | Added |
| 39 | ADSK | AUTODESK INC | $243M | 4.4M | 0.95% | — | New |
| 40 | — | BARCLAYS BK PLCput option | $196M | 6.3M | 0.77% | 0.0% | Held |
| 41 | — | LIBERTY GLOBAL PLC | $183M | 4.5M | 0.71% | −71.8% | Trimmed |
| 42 | TWXCHF | TIME WARNER INC | $129M | 1.7M | 0.50% | — | New |
| 43 | CMCSA | COMCAST CORP NEWcall option | $98M | 1.8M | 0.38% | 0.0% | Held |
| 44 | INTC | INTEL CORPput option | $81M | 2.3M | 0.32% | 0.0% | Held |
| 45 | GAP | GAP INC DELcall option | $73M | 1.7M | 0.28% | 0.0% | Held |
| 46 | SHLDEUR | SEARS HLDGS CORPput option | $70M | 3.0M | 0.27% | +19.3% | Added |
| 47 | ANET | ARISTA NETWORKS INC | $64M | 722.3K | 0.25% | +36.5% | Added |
| 48 | ICE | INTERCONTINENTAL EXCHANGE INcall option | $47M | 240.0K | 0.18% | — | New |
13 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 |
|---|---|---|---|
| — | TWENTY FIRST CENTY FOX INC | $564M | 16.0M |
| AN | AUTONATION INC | $302M | 5.1M |
| OII | OCEANEERING INTL INC | $298M | 3.8M |
| — | LIBERTY GLOBAL PLC | $288M | 6.5M |
| WMB | WILLIAMS COS INC DEL | $285M | 4.9M |
| — | SOUFUN HLDGS LTD | $248M | 25.4M |
| JD | JD COM INC | $240M | 8.4M |
| — | LUMBER LIQUIDATORS HLDGS INC | $199M | 2.6M |
| BIDU | BAIDU INCcall option | $146M | 780.0K |
| AAL | AMERICAN AIRLS GROUP INC | $115M | 2.7M |
| CTRPUSD | CTRIP COM INTL LTD | $74M | 1.2M |
| MSFT | MICROSOFT CORPcall option | $58M | 1.4M |
| IBN | ICICI BK LTD | $33M | 659.7K |
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.