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
Q1 2020: $16.9bn across 39 positions
Against Q4 2019: 10 new, 17 added to, 12 trimmed, 12 sold out, across all 39 positions.
Turnover about 25% of the book, estimated from share changes at quarter-end prices.
Largest additions
- Match Group Inc+$203m
- Carvana Co (CVNA)+$189m
- Amazon Com Inc (AMZN)+$184m
- PayPal HLDGS Inc (PYPL)+$140m
- Humana Inc (HUM)+$140m
- Microsoft Corp (MSFT)+$135m
- Luckin Coffee Inc (LKNCY)+$129m
- Global PMTS Inc (GPN)+$122m
Largest reductions
- Transdigm Group Inc (TDG)-$454m
- Sea LTD (SE)-$247m
- Square Inc (XYZ)-$200m
- Mastercard Inc (MA)-$154m
- Atlassian Corp PLC-$146m
- Equifax Inc (EFX)-$104m
- Chewy Inc (CHWY)-$98m
- Adobe Sys Inc (ADBE)-$95m
Opened
- Visa Inc (V)$537m
- Barclays BK PLC Shrt TRM ETN 48$416m
- Arconic Inc$332m
- L Brands Inc$304m
Sold out
- Union Pac Corp (UNP)was $686m
- Salesforce Com Inc (CRM)was $673m
- Mercadolibre Inc (MELI)was $555m
- Dominos Pizza Inc (DPZ)was $509m
- Iqvia HLDGS Inc (IQV)was $476m
- Dexcom Inc (DXCM)was $232m
- Herbalife Nutrition LTD (HLF)was $186m
- Altria Group Inc (MO)was $177m
Largest positions, Q1 2020
The largest 25 of 39 reported positions.
| Position | Value | Weight | On the quarter |
|---|---|---|---|
| Alibaba Group HLDG LTD (BABA) | $1.2bn | 7.3% | Added |
| Unitedhealth Group Inc (UNH) | $1.2bn | 6.8% | Added |
| Amazon Com Inc (AMZN) | $1.1bn | 6.7% | Added |
| Microsoft Corp (MSFT) | $934m | 5.5% | Added |
| Netflix Inc (NFLX) | $905m | 5.4% | Trimmed |
| Adobe Sys Inc (ADBE) | $844m | 5.0% | Trimmed |
| Global PMTS Inc (GPN) | $715m | 4.2% | Added |
| Shopify Inc (SHOP) | $696m | 4.1% | Trimmed |
| Humana Inc (HUM) | $680m | 4.0% | Added |
| Autodesk Inc (ADSK) | $628m | 3.7% | Added |
| Facebook Inc (META) | $589m | 3.5% | Added |
| Mastercard Inc (MA) | $558m | 3.3% | Trimmed |
| Visa Inc (V) | $537m | 3.2% | New |
| PayPal HLDGS Inc (PYPL) | $504m | 3.0% | Added |
| Canadian Pac Ry LTD | $500m | 3.0% | Added |
| Match Group Inc | $452m | 2.7% | Added |
| Barclays BK PLC Shrt TRM ETN 48 | $416m | 2.5% | New |
| Servicenow Inc (NOW) | $392m | 2.3% | Trimmed |
| Equifax Inc (EFX) | $379m | 2.2% | Trimmed |
| Luckin Coffee Inc (LKNCY) | $368m | 2.2% | Added |
| Square Inc (XYZ) | $351m | 2.1% | Trimmed |
| Arconic Inc | $332m | 2.0% | New |
| L Brands Inc | $304m | 1.8% | New |
| Coupa Software Inc | $297m | 1.8% | Trimmed |
| Carvana Co (CVNA) | $281m | 1.7% | Added |
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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