Steve Mandel’s portfolio: Lone Pine Capital 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061165Latest: Q2 2026
Q2 2020 filing in brief
In its Q2 2020 13F, filed August 14, 2020, Lone Pine Capital reported $19.8B across 29 US positions. The largest: SHOP (8.0%), PYPL (6.5%), MSFT (6.4%), AMZN (6.4%), META (6.0%). In the quarter it opened 8 positions, sold out of 18, added to 8 and trimmed 10; positions opened and sold out came to 43.5% 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 Aug 14, 2020
- 8 New
- 8 Added
- 10 Trimmed
- 18 Exited
29 positions at June 30, 2020. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | SHOP | SHOPIFY INC | $1.6B | 1.7M | 8.03% | +0.2% | Held |
| 2 | PYPL | PAYPAL HLDGS INC | $1.3B | 7.4M | 6.49% | +40.1% | Added |
| 3 | MSFT | MICROSOFT CORP | $1.3B | 6.2M | 6.41% | +5.2% | Added |
| 4 | AMZN | AMAZON COM INC | $1.3B | 457.5K | 6.38% | −21.5% | Trimmed |
| 5 | META | FACEBOOK INC | $1.2B | 5.3M | 6.04% | +49.1% | Added |
| 6 | BKNG | BOOKING HOLDINGS INC | $949M | 596.1K | 4.80% | — | New |
| 7 | HUM | HUMANA INC | $940M | 2.4M | 4.75% | +12.0% | Added |
| 8 | UNH | UNITEDHEALTH GROUP INC | $892M | 3.0M | 4.51% | −34.5% | Trimmed |
| 9 | GPN | GLOBAL PMTS INC | $812M | 4.8M | 4.10% | −3.3% | Trimmed |
| 10 | ADBE | ADOBE INC | $792M | 1.8M | 4.00% | −31.5% | Trimmed |
| 11 | TDG | TRANSDIGM GROUP INC | $774M | 1.8M | 3.91% | +125.6% | Added |
| 12 | NFLX | NETFLIX INC | $731M | 1.6M | 3.69% | −33.4% | Trimmed |
| 13 | NOW | SERVICENOW INC | $725M | 1.8M | 3.66% | +30.7% | Added |
| 14 | MA | MASTERCARD INCORPORATED | $652M | 2.2M | 3.29% | −4.6% | Trimmed |
| 15 | COF | CAPITAL ONE FINL CORP | $643M | 10.3M | 3.25% | — | New |
| 16 | DDOG | DATADOG INC | $594M | 6.8M | 3.00% | — | New |
| 17 | COUPEUR | COUPA SOFTWARE INC | $589M | 2.1M | 2.97% | 0.0% | Held |
| 18 | CRM | SALESFORCE COM INC | $570M | 3.0M | 2.88% | — | New |
| 19 | ADSK | AUTODESK INC | $500M | 2.1M | 2.53% | −48.0% | Trimmed |
| 20 | MTCH | MATCH GROUP INC | $495M | 4.6M | 2.50% | −32.5% | Trimmed |
| 21 | V | VISA INC | $466M | 2.4M | 2.35% | −27.6% | Trimmed |
| 22 | DAY | CERIDIAN HCM HLDG INC | $456M | 5.8M | 2.31% | +77.5% | Added |
| 23 | ZM | ZOOM VIDEO COMMUNICATIONS IN | $428M | 1.7M | 2.16% | — | New |
| 24 | LB | L BRANDS INC | $393M | 26.3M | 1.99% | 0.0% | Held |
| 25 | — | BARCLAYS BK PLCput option | $323M | 9.5M | 1.63% | +5.6% | Added |
| 26 | DXCM | DEXCOM INC | $138M | 339.5K | 0.70% | — | New |
| 27 | HWM | HOWMET AEROSPACE INC | $125M | 7.9M | 0.63% | — | New |
| 28 | CVNA | CARVANA CO | $102M | 849.7K | 0.52% | −83.3% | Trimmed |
| 29 | DFSEUR | DISCOVER FINL SVCS | $102M | 2.0M | 0.52% | — | New |
18 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 |
|---|---|---|---|
| BABA | ALIBABA GROUP HLDG LTD | $1.2B | 6.3M |
| — | CANADIAN PAC RY LTD | $500M | 2.3M |
| EFX | EQUIFAX INC | $379M | 3.2M |
| LKNCY | LUCKIN COFFEE INC | $368M | 13.5M |
| XYZ | SQUARE INC | $351M | 6.7M |
| ARNCCHF | ARCONIC INC | $332M | 20.7M |
| HLT | HILTON WORLDWIDE HLDGS INC | $201M | 3.0M |
| — | ATLASSIAN CORP PLC | $191M | 1.4M |
| UAA | UNDER ARMOUR INC | $161M | 17.4M |
| IACIEUR | IAC INTERACTIVECORP | $146M | 812.0K |
| LYV | LIVE NATION ENTERTAINMENT IN | $138M | 3.0M |
| HUBS | HUBSPOT INC | $103M | 776.5K |
| CDNS | CADENCE DESIGN SYSTEM INC | $85M | 1.3M |
| UA | UNDER ARMOUR INC | $80M | 9.9M |
| PLANUSD | ANAPLAN INC | $67M | 2.2M |
| CHWY | CHEWY INC | $49M | 1.3M |
| MDLA | MEDALLIA INC | $37M | 1.9M |
| SE | SEA LTD | $1M | 27.0K |
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.