Steve Mandel’s portfolio: Lone Pine Capital 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061165Latest: Q2 2026
Q4 2015 filing in brief
In its Q4 2015 13F, filed February 16, 2016, Lone Pine Capital reported $23.4B across 47 US positions. The largest: MSFT (6.5%), AMZN (6.4%), PRICELINE GRP INC (4.5%), META (4.4%), DLTR (4.3%). In the quarter it opened 8 positions, sold out of 13, added to 15 and trimmed 16; positions opened and sold out came to 25.9% 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 Feb 16, 2016
- 8 New
- 15 Added
- 16 Trimmed
- 13 Exited
47 positions at December 31, 2015. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | MSFT | MICROSOFT CORP | $1.5B | 27.3M | 6.46% | +7.6% | Added |
| 2 | AMZN | AMAZON COM INC | $1.5B | 2.2M | 6.38% | +14.0% | Added |
| 3 | — | PRICELINE GRP INC | $1.1B | 834.4K | 4.55% | −15.9% | Trimmed |
| 4 | META | FACEBOOK INC | $1.0B | 9.8M | 4.38% | −8.6% | Trimmed |
| 5 | DLTR | DOLLAR TREE INC | $1.0B | 13.2M | 4.35% | +156.7% | Added |
| 6 | V | VISA INC | $990M | 12.8M | 4.23% | +30.7% | Added |
| 7 | FLT1EUR | FLEETCOR TECHNOLOGIES INC | $920M | 6.4M | 3.93% | 0.0% | Held |
| 8 | JD | JD COM INC | $871M | 27.0M | 3.72% | −37.9% | Trimmed |
| 9 | — | CHARTER COMMUNICATIONS INC D | $866M | 4.7M | 3.70% | −27.8% | Trimmed |
| 10 | STZ | CONSTELLATION BRANDS INC | $762M | 5.4M | 3.26% | +14.2% | Added |
| 11 | WMB | WILLIAMS COS INC DEL | $744M | 28.9M | 3.18% | +63.7% | Added |
| 12 | NKE | NIKE INC | $719M | 11.5M | 3.07% | +101.7% | Added |
| 13 | ILMN | ILLUMINA INC | $693M | 3.6M | 2.96% | 0.0% | Held |
| 14 | ULTA | ULTA SALON COSMETCS & FRAG I | $662M | 3.6M | 2.83% | +9.2% | Added |
| 15 | EQIX | EQUINIX INC | $638M | 2.1M | 2.73% | −20.4% | Trimmed |
| 16 | MA | MASTERCARD INC | $599M | 6.2M | 2.56% | −26.3% | Trimmed |
| 17 | — | VALEANT PHARMACEUTICALS INTL | $593M | 5.8M | 2.53% | −21.9% | Trimmed |
| 18 | WBA | WALGREENS BOOTS ALLIANCE INC | $578M | 6.8M | 2.47% | 0.0% | Held |
| 19 | TDG | TRANSDIGM GROUP INC | $496M | 2.2M | 2.12% | −2.0% | Trimmed |
| 20 | LNG | CHENIERE ENERGY INC | $469M | 12.6M | 2.00% | +2.9% | Added |
| 21 | EA | ELECTRONIC ARTS INC | $443M | 6.4M | 1.89% | −26.6% | Trimmed |
| 22 | ATVIEUR | ACTIVISION BLIZZARD INC | $436M | 11.3M | 1.86% | +21.2% | Added |
| 23 | NOC | NORTHROP GRUMMAN CORP | $403M | 2.1M | 1.72% | — | New |
| 24 | ADBE | ADOBE SYS INC | $377M | 4.0M | 1.61% | −35.4% | Trimmed |
| 25 | HDB | HDFC BANK LTD | $362M | 5.9M | 1.55% | +9.9% | Added |
| 26 | MHK | MOHAWK INDS INC | $357M | 1.9M | 1.53% | −4.3% | Trimmed |
| 27 | ADSK | AUTODESK INC | $349M | 5.7M | 1.49% | — | New |
| 28 | — | HORIZON PHARMA PLC | $338M | 15.6M | 1.44% | 0.0% | Held |
| 29 | LULU | LULULEMON ATHLETICA INC | $333M | 6.3M | 1.42% | — | New |
| 30 | GOOGL | ALPHABET INC | $315M | 404.3K | 1.34% | — | New |
| 31 | GOOG | ALPHABET INC | $313M | 412.6K | 1.34% | — | New |
| 32 | DEO | DIAGEO P L Ccall option | $311M | 2.9M | 1.33% | 0.0% | Held |
| 33 | PXDEUR | PIONEER NAT RES CO | $300M | 2.4M | 1.28% | — | New |
| 34 | AXP | AMERICAN EXPRESS COcall option | $299M | 4.3M | 1.28% | 0.0% | Held |
| 35 | — | EXPRESS SCRIPTS HLDG CO | $279M | 3.2M | 1.19% | — | New |
| 36 | VMC | VULCAN MATLS CO | $276M | 2.9M | 1.18% | −9.4% | Trimmed |
| 37 | HN9 | HANESBRANDS INC | $275M | 9.3M | 1.17% | +21.4% | Added |
| 38 | TAP | MOLSON COORS BREWING CO | $221M | 2.4M | 0.95% | +21.1% | Added |
| 39 | BUD | ANHEUSER BUSCH INBEV SA/NV | $186M | 1.5M | 0.79% | — | New |
| 40 | — | PROSHARES TR IIput option | $170M | 6.0M | 0.73% | −50.0% | Trimmed |
| 41 | ANET | ARISTA NETWORKS INC | $169M | 2.2M | 0.72% | 0.0% | Held |
| 42 | FNF | FIDELITY NATIONAL FINANCIALcall option | $61M | 1.8M | 0.26% | −8.6% | Trimmed |
| 43 | — | BARCLAYS BK PLCput option | $60M | 3.0M | 0.26% | −45.5% | Trimmed |
| 44 | SHLDEUR | SEARS HLDGS CORPput option | $41M | 2.0M | 0.18% | 0.0% | Held |
| 45 | CSX | CSX CORPcall option | $14M | 534.3K | 0.06% | −59.9% | Trimmed |
| 46 | DEO | DIAGEO P L C | $140K | 1.3K | 0.00% | +28.1% | Added |
| 47 | AXP | AMERICAN EXPRESS CO | $89K | 1.3K | 0.00% | +28.1% | Added |
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 |
|---|---|---|---|
| — | ALLERGAN PLC | $709M | 2.6M |
| DVA | DAVITA HEALTHCARE PARTNERS I | $573M | 7.9M |
| — | CHARTER COMMUNICATIONS INC Dcall option | $536M | 3.0M |
| SCHW | SCHWAB CHARLES CORP NEW | $383M | 13.4M |
| — | SBA COMMUNICATIONS CORP | $293M | 2.8M |
| — | MOBILEYE N V AMSTELVEEN | $291M | 6.4M |
| — | ENDO INTL PLC | $267M | 3.9M |
| FNF | FIDELITY NATIONAL FINANCIAL | $231M | 6.5M |
| EXPE | EXPEDIA INC DEL | $129M | 1.1M |
| KSUEUR | KANSAS CITY SOUTHERN | $127M | 1.4M |
| GRA1EUR | GRACE W R & CO DEL NEW | $126M | 1.4M |
| — | REALOGY HLDGS CORP | $37M | 979.2K |
| MSFT | MICROSOFT CORPcall option | $34M | 775.6K |
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.