LONE PINE CAPITAL LLC
Long book
$12.54B
Q1 2026
Positions
36
Top-10 weight
52%
concentration
Last quarter
+19.4%
SPY +14.8%
Turnover
42%
of book per quarter
Strategy in plain words
auto-generated from filingsLONE PINE CAPITAL LLC is a concentrated fundamental stock-picker, running a $12.54B US long book across 36 positions.
The portfolio is concentrated: the top 10 names carry 52% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: VISTRA CORP, ASML HOLDING NV-NY REG SHS, CARPENTER TECHNOLOGY, LPL FINANCIAL HOLDINGS INC, APPLOVIN CORP-CLASS A.
Over the last 9 quarters its long book ran on average 1.9pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.6%
Q2 2024
+8.9%
Q3 2024
+11.1%
Q4 2024
-4.7%
Q1 2025
+23.7%
Q2 2025
+5.8%
Q3 2025
-0.2%
Q4 2025
-9.6%
Q1 2026
+19.4%
Sector allocation
Industrials 24%
Financials 18%
Utilities 17%
Consumer discretionary 13%
Technology 13%
Healthcare 8%
Real estate 4%
Other 3%
Long book by quarter
What does LONE PINE own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| VST VISTRA CORP | Utilities | 6.2M | $930.2M | 7.4% | +18.7% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 655.1K | $865.3M | 6.9% | +8.3% |
| CRS CARPENTER TECHNOLOGY | Industrials | 1.8M | $716.5M | 5.7% | +38.5% |
| LPLA LPL FINANCIAL HOLDINGS INC | Financials | 2.0M | $616.7M | 4.9% | -1.2% |
| APP APPLOVIN CORP-CLASS A | Technology | 1.5M | $583.0M | 4.6% | +87.7% |
| TLN TALEN ENERGY CORP | Utilities | 1.8M | $580.3M | 4.6% | +40.7% |
| TER TERADYNE INC | Technology | 1.9M | $555.2M | 4.4% | New |
| CVNA CARVANA CO | Consumer discretionary | 1.8M | $551.6M | 4.4% | -1.4% |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 38.0M | $546.2M | 4.4% | +28.3% |
| MDLN MEDLINE INC-CL A | Healthcare | 11.8M | $524.6M | 4.2% | +0.6% |
| GLW CORNING INC | Industrials | 3.7M | $505.6M | 4.0% | New |
| CLH CLEAN HARBORS INC | Utilities | 1.8M | $503.2M | 4.0% | +27.3% |
| MTZ MASTEC INC | Industrials | 1.5M | $492.6M | 3.9% | New |
| BN BROOKFIELD CORP | Real estate | 11.2M | $453.6M | 3.6% | -29.6% |
| THC TENET HEALTHCARE CORP | Healthcare | 2.3M | $426.2M | 3.4% | +26.4% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 2.3M | $413.6M | 3.3% | -1.2% |
| ENTG ENTEGRIS INC | Other | 3.1M | $365.2M | 2.9% | +2.0% |
| USFD US FOODS HOLDING CORP | Consumer discretionary | 3.8M | $350.0M | 2.8% | New |
| PFGC PERFORMANCE FOOD GROUP CO | Consumer discretionary | 4.0M | $340.8M | 2.7% | New |
| MCK MCKESSON CORP | Consumer discretionary | 392.2K | $339.4M | 2.7% | New |
| CIEN CIENA CORP | Technology | 809.5K | $314.3M | 2.5% | New |
| WULF TERAWULF INC | Financials | 19.9M | $287.5M | 2.3% | New |
| HUT HUT 8 CORP | Financials | 6.1M | $285.2M | 2.3% | New |
| AGX ARGAN INC | Industrials | 393.1K | $214.1M | 1.7% | New |
| GOOGL ALPHABET INC-CL A | Technology | 187.6K | $53.9M | 0.4% | New |
| TDG TRANSDIGM GROUP INC | Industrials | 35.7K | $41.3M | 0.3% | +85.5% |
| VMC VULCAN MATERIALS CO | Materials | 144.2K | $39.3M | 0.3% | -91.4% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 68.8K | $33.4M | 0.3% | +287.6% |
| MA MASTERCARD INC - A | Services media | 57.2K | $28.6M | 0.2% | -40.6% |
| APH AMPHENOL CORP-CL A | Technology | 223.1K | $28.2M | 0.2% | -92.1% |
| V VISA INC-CLASS A SHARES | Services media | 92.8K | $28.0M | 0.2% | +509.7% |
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 89.2K | $27.1M | 0.2% | +54.4% |
| KKR KKR & CO INC | Financials | 179.3K | $16.6M | 0.1% | -96.4% |
| BKNG BOOKING HOLDINGS INC | Industrials | 2.4K | $10.1M | 0.1% | -48.1% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 104.7K | $6.6M | 0.1% | -48.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 36 | $12.54B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 32 | $13.61B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 25 | $13.74B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 24 | $14.05B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 24 | $11.58B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 30 | $13.47B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 29 | $13.41B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 24 | $12.33B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 26 | $12.67B | canonical | SEC ↗ |
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