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
Q4 2023: $11.6bn across 25 positions
Against Q3 2023: 4 new, 6 added to, 6 trimmed, 5 sold out, across all 25 positions.
Turnover about 15% of the book, estimated from share changes at quarter-end prices.
Largest additions
- Square Inc (XYZ)+$339m
- Facebook Inc (META)+$183m
- Bath & Body Works Inc (BBWI)+$157m
- Dicks Sporting Goods Inc (DKS)+$112m
- Asml Holding N V (ASML)+$101m
- Booking HLDGS Inc (BKNG)+$80m
Largest reductions
- Mastercard Inc (MA)-$222m
- Workday Inc (WDAY)-$127m
- Epam Sys Inc (EPAM)-$17m
- Live Nation Entertainment In (LYV)$4.8m
- Taiwan Semiconductor MFG LTD (TSM)$45m
- KKR & Co Inc (KKR)$111m
Opened
- Intuit (INTU)$468m
- Blackstone Inc (BX)$291m
- Philip Morris Intl Inc (PM)$283m
- General Electric Co (GE)$269m
Sold out
- Alphabet Inc (GOOGL)was $407m
- Transdigm Group Inc (TDG)was $368m
- Bill Com HLDGS Inc (BILL)was $276m
- Tempur Sealy Intl Inc (SGI)was $207m
- Floor & Decor HLDGS Inc (FND)was $196m
Largest positions, Q4 2023
| Position | Value | Weight | On the quarter |
|---|---|---|---|
| Facebook Inc (META) | $1.0bn | 8.8% | Added |
| Amazon Com Inc (AMZN) | $830m | 7.2% | Held |
| Taiwan Semiconductor MFG LTD (TSM) | $723m | 6.3% | Trimmed |
| Microsoft Corp (MSFT) | $681m | 5.9% | Held |
| Salesforce Com Inc (CRM) | $658m | 5.7% | Held |
| PTC Inc (PTC) | $554m | 4.8% | Held |
| Booking HLDGS Inc (BKNG) | $541m | 4.7% | Added |
| KKR & Co Inc (KKR) | $516m | 4.5% | Trimmed |
| Square Inc (XYZ) | $511m | 4.4% | Added |
| Mastercard Inc (MA) | $469m | 4.1% | Trimmed |
| Unitedhealth Group Inc (UNH) | $469m | 4.1% | Held |
| Intuit (INTU) | $468m | 4.0% | New |
| Bath & Body Works Inc (BBWI) | $451m | 3.9% | Added |
| Dicks Sporting Goods Inc (DKS) | $430m | 3.7% | Added |
| Workday Inc (WDAY) | $427m | 3.7% | Trimmed |
| LPL Finl HLDGS Inc (LPLA) | $419m | 3.6% | Held |
| Asml Holding N V (ASML) | $325m | 2.8% | Added |
| Live Nation Entertainment In (LYV) | $313m | 2.7% | Trimmed |
| HDFC Bank LTD (HDB) | $312m | 2.7% | Held |
| Blackstone Inc (BX) | $291m | 2.5% | New |
| Icici BK LTD (IBN) | $287m | 2.5% | Held |
| Philip Morris Intl Inc (PM) | $283m | 2.4% | New |
| General Electric Co (GE) | $269m | 2.3% | New |
| Epam Sys Inc (EPAM) | $253m | 2.2% | Trimmed |
| Avidxchange Holdings Inc | $63m | 0.5% | Held |
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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