Steve Mandel’s portfolio: Lone Pine Capital 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061165Latest: Q2 2026
Q4 2019 filing in brief
In its Q4 2019 13F, filed February 14, 2020, Lone Pine Capital reported $18.9B across 43 US positions. The largest: BABA (7.0%), UNH (6.6%), AMZN (5.0%), ADBE (5.0%), NFLX (4.3%). In the quarter it opened 14 positions, sold out of 8, added to 12 and trimmed 14; positions opened and sold out came to 25.3% 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 14, 2020
- 14 New
- 12 Added
- 14 Trimmed
- 8 Exited
43 positions at December 31, 2019. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | BABA | ALIBABA GROUP HLDG LTD | $1.3B | 6.2M | 7.02% | −14.4% | Trimmed |
| 2 | UNH | UNITEDHEALTH GROUP INC | $1.2B | 4.2M | 6.61% | −6.3% | Trimmed |
| 3 | AMZN | AMAZON COM INC | $953M | 515.5K | 5.05% | −17.1% | Trimmed |
| 4 | ADBE | ADOBE INC | $939M | 2.8M | 4.98% | −19.9% | Trimmed |
| 5 | NFLX | NETFLIX INC | $807M | 2.5M | 4.28% | +5.9% | Added |
| 6 | MSFT | MICROSOFT CORP | $799M | 5.1M | 4.24% | −16.3% | Trimmed |
| 7 | SHOP | SHOPIFY INC | $721M | 1.8M | 3.82% | +31.6% | Added |
| 8 | MA | MASTERCARD INC | $712M | 2.4M | 3.78% | +48.5% | Added |
| 9 | META | FACEBOOK INC | $703M | 3.4M | 3.73% | +75.8% | Added |
| 10 | TDG | TRANSDIGM GROUP INC | $702M | 1.3M | 3.72% | −2.3% | Trimmed |
| 11 | CRM | SALESFORCE COM INC | $673M | 4.1M | 3.57% | −18.9% | Trimmed |
| 12 | ADSK | AUTODESK INC | $603M | 3.3M | 3.20% | −27.1% | Trimmed |
| 13 | GPN | GLOBAL PMTS INC | $592M | 3.2M | 3.14% | −11.2% | Trimmed |
| 14 | UNP | UNION PACIFIC CORP | $584M | 3.2M | 3.10% | +25.7% | Added |
| 15 | MELI | MERCADOLIBRE INC | $555M | 970.7K | 2.94% | +67.3% | Added |
| 16 | XYZ | SQUARE INC | $550M | 8.8M | 2.92% | +9.8% | Added |
| 17 | HUM | HUMANA INC | $540M | 1.5M | 2.86% | −7.3% | Trimmed |
| 18 | DPZ | DOMINOS PIZZA INC | $509M | 1.7M | 2.70% | −20.5% | Trimmed |
| 19 | EFX | EQUIFAX INC | $483M | 3.4M | 2.56% | +12.4% | Added |
| 20 | — | CANADIAN PAC RY LTD | $477M | 1.9M | 2.53% | 0.0% | Held |
| 21 | IQV | IQVIA HLDGS INC | $476M | 3.1M | 2.52% | −13.2% | Trimmed |
| 22 | NOW | SERVICENOW INC | $435M | 1.5M | 2.31% | −9.1% | Trimmed |
| 23 | PYPL | PAYPAL HLDGS INC | $364M | 3.4M | 1.93% | — | New |
| 24 | COUPEUR | COUPA SOFTWARE INC | $342M | 2.3M | 1.81% | +67.4% | Added |
| 25 | — | ATLASSIAN CORP PLC | $337M | 2.8M | 1.79% | +34.5% | Added |
| 26 | MTCH | MATCH GROUP INC | $249M | 3.0M | 1.32% | — | New |
| 27 | SE | SEA LTD | $248M | 6.2M | 1.31% | −10.2% | Trimmed |
| 28 | LKNCY | LUCKIN COFFEE INC | $239M | 6.1M | 1.27% | — | New |
| 29 | DXCM | DEXCOM INC | $232M | 1.1M | 1.23% | — | New |
| 30 | UAA | UNDER ARMOUR INC | $194M | 9.0M | 1.03% | — | New |
| 31 | — | HERBALIFE NUTRITION LTD | $186M | 3.9M | 0.98% | +85.2% | Added |
| 32 | MO | ALTRIA GROUP INC | $177M | 3.5M | 0.94% | — | New |
| 33 | ILMN | ILLUMINA INC | $172M | 519.8K | 0.91% | — | New |
| 34 | CHWY | CHEWY INC | $147M | 5.1M | 0.78% | 0.0% | Held |
| 35 | UNP | UNION PACIFIC CORPcall option | $102M | 565.3K | 0.54% | — | New |
| 36 | IACIEUR | IAC INTERACTIVECORP | $99M | 397.7K | 0.53% | — | New |
| 37 | CSX | CSX CORPcall option | $98M | 1.3M | 0.52% | — | New |
| 38 | CVNA | CARVANA CO | $92M | 1.0M | 0.49% | — | New |
| 39 | UBER | UBER TECHNOLOGIES INC | $92M | 3.1M | 0.49% | +2.8% | Added |
| 40 | — | XP INC | $46M | 1.2M | 0.25% | — | New |
| 41 | HUBS | HUBSPOT INC | $36M | 225.6K | 0.19% | — | New |
| 42 | MDLA | MEDALLIA INC | $23M | 737.6K | 0.12% | 0.0% | Held |
| 43 | CSX | CSX CORP | $868K | 12.0K | 0.00% | — | New |
8 exited positions
Positions held in the preceding quarter and absent from this filing. Values and shares are from the preceding quarter.
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.