What Lone Pine Capital LLC changed, 2013 to 2026
53 quarterly 13F filings, from Q2 2013 to Q2 2026, each read from the filing itself. A quarter is compared only with the quarter before it, so a quarter with no filing is a gap in the record, not a sale.
Reported book
$16.4bn
$20.5bn at Q2 2013
Positions
34
59 at Q2 2013
Top ten weight
54%
38% at Q2 2013
Typical quarterly turnover
about 22%
Estimated from share changes
- Q2 2013: $20.5bn
- Q3 2013: $22.4bn
- Q4 2013: $23.2bn
- Q1 2014: $23.0bn
- Q2 2014: $24.7bn
- Q3 2014: $25.6bn
- Q4 2014: $23.9bn
- Q1 2015: $26.4bn
- Q2 2015: $26.7bn
- Q3 2015: $24.6bn
- Q4 2015: $23.4bn
- Q1 2016: $20.1bn
- Q2 2016: $21.7bn
- Q3 2016: $22.4bn
- Q4 2016: $19.2bn
- Q1 2017: $19.0bn
- Q2 2017: $19.7bn
- Q3 2017: $20.6bn
- Q4 2017: $19.2bn
- Q1 2018: $19.7bn
- Q2 2018: $18.9bn
- Q3 2018: $19.4bn
- Q4 2018: $14.8bn
- Q1 2019: $17.1bn
- Q2 2019: $16.1bn
- Q3 2019: $17.0bn
- Q4 2019: $18.9bn
- Q1 2020: $16.9bn
- Q2 2020: $19.8bn
- Q3 2020: $23.3bn
- Q4 2020: $27.5bn
- Q1 2021: $27.5bn
- Q2 2021: $31.0bn
- Q3 2021: $29.7bn
- Q4 2021: $24.4bn
- Q1 2022: $16.8bn
- Q2 2022: $10.6bn
- Q3 2022: $10.6bn
- Q4 2022: $10.5bn
- Q1 2023: $10.8bn
- Q2 2023: $10.9bn
- Q3 2023: $10.4bn
- Q4 2023: $11.6bn
- Q1 2024: $12.7bn
- Q2 2024: $12.3bn
- Q3 2024: $13.4bn
- Q4 2024: $13.5bn
- Q1 2025: $11.6bn
- Q2 2025: $14.1bn
- Q3 2025: $13.7bn
- Q4 2025: $13.6bn
- Q1 2026: $12.5bn
- Q2 2026: $16.4bn
- Q2 2013: 38%
- Q3 2013: 39%
- Q4 2013: 40%
- Q1 2014: 43%
- Q2 2014: 44%
- Q3 2014: 43%
- Q4 2014: 49%
- Q1 2015: 43%
- Q2 2015: 45%
- Q3 2015: 42%
- Q4 2015: 45%
- Q1 2016: 50%
- Q2 2016: 50%
- Q3 2016: 45%
- Q4 2016: 45%
- Q1 2017: 55%
- Q2 2017: 56%
- Q3 2017: 56%
- Q4 2017: 50%
- Q1 2018: 53%
- Q2 2018: 54%
- Q3 2018: 60%
- Q4 2018: 61%
- Q1 2019: 56%
- Q2 2019: 55%
- Q3 2019: 50%
- Q4 2019: 47%
- Q1 2020: 53%
- Q2 2020: 56%
- Q3 2020: 54%
- Q4 2020: 46%
- Q1 2021: 52%
- Q2 2021: 52%
- Q3 2021: 49%
- Q4 2021: 65%
- Q1 2022: 62%
- Q2 2022: 63%
- Q3 2022: 58%
- Q4 2022: 64%
- Q1 2023: 59%
- Q2 2023: 54%
- Q3 2023: 57%
- Q4 2023: 56%
- Q1 2024: 57%
- Q2 2024: 58%
- Q3 2024: 55%
- Q4 2024: 56%
- Q1 2025: 60%
- Q2 2025: 61%
- Q3 2025: 56%
- Q4 2025: 52%
- Q1 2026: 52%
- Q2 2026: 54%
The positions that defined it
Every position that was ever among the 25 largest: when it first appeared, when it was largest, and where it stands in Q2 2026. The line is its reported value each quarter.
| Position | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Yandex N V(NBIS)Shares Class A | Q1 2014 | $1.2bnQ2 2026 | $1.2bn | |
| Asml Holding N V(ASML)N Y Registry Shares | Q2 2013 | $1.1bnQ2 2026 | $1.1bn | |
| Seagate Technology Hldngs PL(STX) | Q2 2026 | $965mQ2 2026 | $965m | |
| Home Depot Inc(HD) | Q2 2026 | $918mQ2 2026 | $918m | |
| Applied Matls Inc(AMAT) | Q2 2026 | $873mQ2 2026 | $873m | |
| Medline Inc(MDLN)Common Class A | Q4 2025 | $827mQ2 2026 | $827m | |
| Linde PLC(LIN) | Q2 2026 | $809mQ2 2026 | $809m | |
| Teradyne Inc(TER) | Q1 2026 | $722mQ2 2026 | $722m | |
| Corning Inc(GLW) | Q1 2026 | $697mQ2 2026 | $697m | |
| Carvana Co(CVNA)Class A | Q4 2019 | $751mQ4 2025 | $692m | |
| Hut 8 Corp(HUT) | Q3 2024 | $666mQ2 2026 | $666m | |
| Performance Food Group Co(PFGC) | Q1 2026 | $654mQ2 2026 | $654m | |
| Shopify Inc(SHOP)Class A | Q1 2019 | $2.4bnQ2 2021 | Soldlast listed Q2 2022 | |
| Currencyshares Euro TREuro Shares | Q1 2015 | $2.2bnQ2 2015 | Soldlast listed Q2 2015 | |
| Amazon Com Inc(AMZN) | Q3 2013 | $2.1bnQ4 2021 | Soldlast listed Q4 2025 | |
| L Brands Inc | Q1 2020 | $1.9bnQ2 2021 | Soldlast listed Q2 2021 | |
| Charter Communications Inc N(CHTR)Class A | Q2 2016 | $1.9bnQ1 2017 | Soldlast listed Q4 2017 | |
| Microsoft Corp(MSFT) | Q4 2013 | $1.8bnQ1 2021 | Soldlast listed Q4 2025 | |
| Baidu Inc(BIDU)Sponsored ADR REP A | Q3 2013 | $1.8bnQ3 2014 | Soldlast listed Q1 2015 | |
| Facebook Inc(META)Class A | Q2 2013 | $1.7bnQ2 2021 | Soldlast listed Q3 2025 |
Quarter by quarter
Q2 2019: $16.1bn across 31 positions
Against Q1 2019: 6 new, 10 added to, 14 trimmed, 4 sold out, across all 31 positions.
Turnover about 17% of the book, estimated from share changes at quarter-end prices.
Largest additions
- Shopify Inc (SHOP)+$443m
- Union Pac Corp (UNP)+$280m
- D R Horton Inc (DHI)+$264m
- Square Inc (XYZ)+$231m
- World Wrestling Entmt Inc+$181m
- Salesforce Com Inc (CRM)+$136m
- Autodesk Inc (ADSK)+$114m
- Unitedhealth Group Inc (UNH)+$37m
Largest reductions
- Amazon Com Inc (AMZN)-$277m
- Facebook Inc (META)-$227m
- Mastercard Inc (MA)-$215m
- S&P Global Inc (SPGI)-$211m
- Iqvia HLDGS Inc (IQV)-$114m
- Adobe Sys Inc (ADBE)-$104m
- Tiffany & Co New-$100m
- Microsoft Corp (MSFT)-$76m
Opened
- Activision Blizzard Inc$487m
- Dominos Pizza Inc (DPZ)$347m
Sold out
- Constellation Brands Inc (STZ)was $865m
- CSX Corp (CSX)was $598m
- Alphabet Inc (GOOG)was $521m
- Transunion (TRU)was $430m
Largest positions, Q2 2019
The largest 25 of 31 reported positions.
| Position | Value | Weight | On the quarter |
|---|---|---|---|
| Adobe Sys Inc (ADBE) | $1.1bn | 6.9% | Trimmed |
| Alibaba Group HLDG LTD (BABA) | $996m | 6.2% | Added |
| Iqvia HLDGS Inc (IQV) | $995m | 6.2% | Trimmed |
| Microsoft Corp (MSFT) | $989m | 6.2% | Trimmed |
| Unitedhealth Group Inc (UNH) | $920m | 5.7% | Added |
| Amazon Com Inc (AMZN) | $883m | 5.5% | Trimmed |
| Union Pac Corp (UNP) | $834m | 5.2% | Added |
| Transdigm Group Inc (TDG) | $767m | 4.8% | Trimmed |
| Wynn Resorts LTD (WYNN) | $670m | 4.2% | Trimmed |
| Autodesk Inc (ADSK) | $650m | 4.0% | Added |
| Canadian Pac Ry LTD | $637m | 4.0% | Trimmed |
| Tiffany & Co New | $615m | 3.8% | Trimmed |
| Booking HLDGS Inc (BKNG) | $603m | 3.7% | Held |
| Facebook Inc (META) | $579m | 3.6% | Trimmed |
| D R Horton Inc (DHI) | $536m | 3.3% | Added |
| Activision Blizzard Inc | $487m | 3.0% | New |
| Shopify Inc (SHOP) | $451m | 2.8% | Added |
| Salesforce Com Inc (CRM) | $446m | 2.8% | Added |
| Mastercard Inc (MA) | $442m | 2.7% | Trimmed |
| S&P Global Inc (SPGI) | $440m | 2.7% | Trimmed |
| Servicenow Inc (NOW) | $360m | 2.2% | Trimmed |
| Dominos Pizza Inc (DPZ) | $347m | 2.2% | New |
| Mercadolibre Inc (MELI) | $291m | 1.8% | Trimmed |
| Square Inc (XYZ) | $240m | 1.5% | Added |
| Sea LTD (SE) | $204m | 1.3% | Trimmed |
The books most like this one
Among the managers whose filings are on file, at Q2 2026. Overlap is the share of the two books that is the same: for every stock both list, the smaller of its two weights, added up. Two books can overlap because both own the largest companies; it says nothing about whether the managers agree.
| Manager | Overlap | Stocks in both | Overlap over time | |
|---|---|---|---|---|
| Sachem Head Capital Management LP | 15% | 4 | Compare | |
| Third Point LLC | 15% | 9 | Compare | |
| Whale Rock Capital Management LLC | 13% | 7 | Compare | |
| Coatue Management LLC | 13% | 10 | Compare | |
| Egerton Capital UK LLP | 11% | 5 | Compare | |
| Steadfast Capital Management LP | 9.1% | 8 | Compare | |
| Capital Research Global Investors | 8.3% | 18 | Compare | |
| Tiger Global Management LLC | 8.1% | 7 | Compare |
The filings behind it
Every quarter above is one 13F holdings report, with any amendment the filer made to it applied in the order it was filed. Where the reporting entity changed, each quarter keeps the filer that actually reported it.
| Quarter | Filer | Book | Amended | Filing |
|---|---|---|---|---|
| Q2 2026 | Lone Pine Capital LLC | $16.4bn | 13F-HR | |
| Q1 2026 | Lone Pine Capital LLC | $12.5bn | 13F-HR | |
| Q4 2025 | Lone Pine Capital LLC | $13.6bn | 13F-HR | |
| Q3 2025 | Lone Pine Capital LLC | $13.7bn | 13F-HR | |
| Q2 2025 | Lone Pine Capital LLC | $14.1bn | 13F-HR | |
| Q1 2025 | Lone Pine Capital LLC | $11.6bn | 13F-HR | |
| Q4 2024 | Lone Pine Capital LLC | $13.5bn | 13F-HR | |
| Q3 2024 | Lone Pine Capital LLC | $13.4bn | 13F-HR | |
| Q2 2024 | Lone Pine Capital LLC | $12.3bn | 13F-HR | |
| Q1 2024 | Lone Pine Capital LLC | $12.7bn | 13F-HR | |
| Q4 2023 | Lone Pine Capital LLC | $11.6bn | 13F-HR | |
| Q3 2023 | Lone Pine Capital LLC | $10.4bn | 13F-HR | |
| Q2 2023 | Lone Pine Capital LLC | $10.9bn | 13F-HR | |
| Q1 2023 | Lone Pine Capital LLC | $10.8bn | 13F-HR | |
| Q4 2022 | Lone Pine Capital LLC | $10.5bn | 13F-HR | |
| Q3 2022 | Lone Pine Capital LLC | $10.6bn | 13F-HR | |
| Q2 2022 | Lone Pine Capital LLC | $10.6bn | 13F-HR | |
| Q1 2022 | Lone Pine Capital LLC | $16.8bn | 13F-HR | |
| Q4 2021 | Lone Pine Capital LLC | $24.4bn | 13F-HR | |
| Q3 2021 | Lone Pine Capital LLC | $29.7bn | 13F-HR | |
| Q2 2021 | Lone Pine Capital LLC | $31.0bn | 13F-HR | |
| Q1 2021 | Lone Pine Capital LLC | $27.5bn | 13F-HR | |
| Q4 2020 | Lone Pine Capital LLC | $27.5bn | 13F-HR | |
| Q3 2020 | Lone Pine Capital LLC | $23.3bn | 13F-HR | |
| Q2 2020 | Lone Pine Capital LLC | $19.8bn | 13F-HR | |
| Q1 2020 | Lone Pine Capital LLC | $16.9bn | 13F-HR | |
| Q4 2019 | Lone Pine Capital LLC | $18.9bn | 13F-HR | |
| Q3 2019 | Lone Pine Capital LLC | $17.0bn | 13F-HR | |
| Q2 2019 | Lone Pine Capital LLC | $16.1bn | 13F-HR | |
| Q1 2019 | Lone Pine Capital LLC | $17.1bn | 13F-HR | |
| Q4 2018 | Lone Pine Capital LLC | $14.8bn | 13F-HR | |
| Q3 2018 | Lone Pine Capital LLC | $19.4bn | 13F-HR | |
| Q2 2018 | Lone Pine Capital LLC | $18.9bn | 13F-HR | |
| Q1 2018 | Lone Pine Capital LLC | $19.7bn | 13F-HR | |
| Q4 2017 | Lone Pine Capital LLC | $19.2bn | 13F-HR | |
| Q3 2017 | Lone Pine Capital LLC | $20.6bn | 13F-HR | |
| Q2 2017 | Lone Pine Capital LLC | $19.7bn | 13F-HR | |
| Q1 2017 | Lone Pine Capital LLC | $19.0bn | 13F-HR | |
| Q4 2016 | Lone Pine Capital LLC | $19.2bn | 13F-HR | |
| Q3 2016 | Lone Pine Capital LLC | $22.4bn | 13F-HR | |
| Q2 2016 | Lone Pine Capital LLC | $21.7bn | 13F-HR | |
| Q1 2016 | Lone Pine Capital LLC | $20.1bn | 13F-HR | |
| Q4 2015 | Lone Pine Capital LLC | $23.4bn | 13F-HR | |
| Q3 2015 | Lone Pine Capital LLC | $24.6bn | 13F-HR | |
| Q2 2015 | Lone Pine Capital LLC | $26.7bn | 13F-HR | |
| Q1 2015 | Lone Pine Capital LLC | $26.4bn | 13F-HR | |
| Q4 2014 | Lone Pine Capital LLC | $23.9bn | 13F-HR | |
| Q3 2014 | Lone Pine Capital LLC | $25.6bn | 13F-HR | |
| Q2 2014 | Lone Pine Capital LLC | $24.7bn | 13F-HR | |
| Q1 2014 | Lone Pine Capital LLC | $23.0bn | 13F-HR | |
| Q4 2013 | Lone Pine Capital LLC | $23.2bn | 13F-HR | |
| Q3 2013 | Lone Pine Capital LLC | $22.4bn | 13F-HR | |
| Q2 2013 | Lone Pine Capital LLC | $20.5bn | 13F-HR |
Reading this record
A 13F lists US-listed long equity and options at the quarter end, filed up to 45 days later. It shows what was held, not when it was bought or at what price, and nothing short. Where a quarter lists only the largest positions, a name missing from it may still be held below that range; the counts of what was opened and sold always cover the whole filing.
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