Steve Mandel’s portfolio: Lone Pine Capital 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061165Latest: Q2 2026
Q1 2020 filing in brief
In its Q1 2020 13F, filed May 15, 2020, Lone Pine Capital reported $16.9B across 39 US positions. The largest: BABA (7.3%), UNH (6.8%), AMZN (6.7%), MSFT (5.5%), NFLX (5.4%). In the quarter it opened 10 positions, sold out of 14, added to 17 and trimmed 12; positions opened and sold out came to 34.9% 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 May 15, 2020
- 10 New
- 17 Added
- 12 Trimmed
- 14 Exited
39 positions at March 31, 2020. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | BABA | ALIBABA GROUP HLDG LTD | $1.2B | 6.3M | 7.31% | +1.6% | Added |
| 2 | UNH | UNITEDHEALTH GROUP INC | $1.2B | 4.6M | 6.83% | +8.7% | Added |
| 3 | AMZN | AMAZON COM INC | $1.1B | 583.0K | 6.74% | +13.1% | Added |
| 4 | MSFT | MICROSOFT CORP | $934M | 5.9M | 5.54% | +16.9% | Added |
| 5 | NFLX | NETFLIX INC | $905M | 2.4M | 5.37% | −3.3% | Trimmed |
| 6 | ADBE | ADOBE INC | $844M | 2.7M | 5.01% | −6.8% | Trimmed |
| 7 | GPN | GLOBAL PMTS INC | $715M | 5.0M | 4.24% | +52.7% | Added |
| 8 | SHOP | SHOPIFY INC | $696M | 1.7M | 4.13% | −7.9% | Trimmed |
| 9 | HUM | HUMANA INC | $680M | 2.2M | 4.03% | +46.9% | Added |
| 10 | ADSK | AUTODESK INC | $628M | 4.0M | 3.73% | +22.4% | Added |
| 11 | META | FACEBOOK INC | $589M | 3.5M | 3.50% | +3.1% | Added |
| 12 | MA | MASTERCARD INC | $558M | 2.3M | 3.31% | −3.1% | Trimmed |
| 13 | V | VISA INC | $537M | 3.3M | 3.18% | — | New |
| 14 | PYPL | PAYPAL HLDGS INC | $504M | 5.3M | 2.99% | +56.5% | Added |
| 15 | — | CANADIAN PAC RY LTD | $500M | 2.3M | 2.97% | +21.9% | Added |
| 16 | MTCH | MATCH GROUP INC | $452M | 6.8M | 2.68% | +125.4% | Added |
| 17 | — | BARCLAYS BK PLCput option | $416M | 9.0M | 2.47% | — | New |
| 18 | NOW | SERVICENOW INC | $392M | 1.4M | 2.33% | −11.3% | Trimmed |
| 19 | EFX | EQUIFAX INC | $379M | 3.2M | 2.25% | −8.0% | Trimmed |
| 20 | LKNCY | LUCKIN COFFEE INC | $368M | 13.5M | 2.18% | +122.9% | Added |
| 21 | XYZ | SQUARE INC | $351M | 6.7M | 2.08% | −23.9% | Trimmed |
| 22 | ARNCCHF | ARCONIC INC | $332M | 20.7M | 1.97% | — | New |
| 23 | LB | L BRANDS INC | $304M | 26.3M | 1.80% | — | New |
| 24 | COUPEUR | COUPA SOFTWARE INC | $297M | 2.1M | 1.76% | −9.1% | Trimmed |
| 25 | CVNA | CARVANA CO | $281M | 5.1M | 1.67% | +408.5% | Added |
| 26 | TDG | TRANSDIGM GROUP INC | $248M | 776.0K | 1.47% | −38.1% | Trimmed |
| 27 | HLT | HILTON WORLDWIDE HLDGS INC | $201M | 3.0M | 1.20% | — | New |
| 28 | — | ATLASSIAN CORP PLC | $191M | 1.4M | 1.13% | −50.4% | Trimmed |
| 29 | DAY | CERIDIAN HCM HLDG INC | $162M | 3.2M | 0.96% | — | New |
| 30 | UAA | UNDER ARMOUR INC | $161M | 17.4M | 0.95% | +94.1% | Added |
| 31 | IACIEUR | IAC INTERACTIVECORP | $146M | 812.0K | 0.86% | +104.2% | Added |
| 32 | LYV | LIVE NATION ENTERTAINMENT IN | $138M | 3.0M | 0.82% | — | New |
| 33 | HUBS | HUBSPOT INC | $103M | 776.5K | 0.61% | +244.1% | Added |
| 34 | CDNS | CADENCE DESIGN SYSTEM INC | $85M | 1.3M | 0.50% | — | New |
| 35 | UA | UNDER ARMOUR INC | $80M | 9.9M | 0.47% | — | New |
| 36 | PLANUSD | ANAPLAN INC | $67M | 2.2M | 0.40% | — | New |
| 37 | CHWY | CHEWY INC | $49M | 1.3M | 0.29% | −74.4% | Trimmed |
| 38 | MDLA | MEDALLIA INC | $37M | 1.9M | 0.22% | +151.2% | Added |
| 39 | SE | SEA LTD | $1M | 27.0K | 0.01% | −99.6% | Trimmed |
14 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 |
|---|---|---|---|
| CRM | SALESFORCE COM INC | $673M | 4.1M |
| UNP | UNION PACIFIC CORP | $584M | 3.2M |
| MELI | MERCADOLIBRE INC | $555M | 970.7K |
| DPZ | DOMINOS PIZZA INC | $509M | 1.7M |
| IQV | IQVIA HLDGS INC | $476M | 3.1M |
| DXCM | DEXCOM INC | $232M | 1.1M |
| — | HERBALIFE NUTRITION LTD | $186M | 3.9M |
| MO | ALTRIA GROUP INC | $177M | 3.5M |
| ILMN | ILLUMINA INC | $172M | 519.8K |
| UNP | UNION PACIFIC CORPcall option | $102M | 565.3K |
| CSX | CSX CORPcall option | $98M | 1.3M |
| UBER | UBER TECHNOLOGIES INC | $92M | 3.1M |
| — | XP INC | $46M | 1.2M |
| CSX | CSX CORP | $868K | 12.0K |
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.