Lone Pine Capital Portfolio
Lone Pine Capital 13F filer (CIK 0001061165).
Q2 2023 · 29 positions · Total reported value $10.91B · Top-10 concentration 54.3%
Turnover: 83.7% · 13 new · 13 cut · 15 exited
Active Share (vs S&P 500): 96.8% · vs QQQ: 94.5% — share of the book that differs from index weights (higher = more active) · ranking
In its Q2 2023 13F filing, Lone Pine Capital disclosed 29 equity positions with a combined reported value of $10.91B. The filing implies a moderately concentrated portfolio: its ten largest positions account for 54.3% of reported value. HoldingsHub classifies the profile as Large / Consumer Tilt / High Turnover.
The largest disclosed positions as of Q2 2023 were MSFT ($852.06M), TSM ($646.93M), AMZN ($638.18M). By sector, the heaviest allocations are Consumer Discretionary 40.4%, Technology 36.2%. Versus the prior quarter, allocation shifted toward Consumer Discretionary (+2.7pp), Financials (+1.6pp) and away from Energy (-1.2pp), Technology (-2.8pp).
Versus the prior quarter, Lone Pine Capital opened 13 new positions, trimmed 13 and fully exited 15, a turnover rate of 83.7% of positions. The portfolio's overlap with the prior quarter was 87% of names.
Figures come from the fund's SEC Form 13F filing. 13F reports are filed within 45 days of quarter end and cover long positions of $100,000 or more; they exclude short positions and non-13F asset classes, so treat this page as a quarter-end snapshot rather than the fund's live book.
Sector Allocation
| # | Symbol | Company | Shares | Value | Weight | Change |
|---|---|---|---|---|---|---|
| 1 | MSFT | MICROSOFT CORP | 2.50M | $852.06M | 7.81% | Reduce |
| 2 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 6.41M | $646.93M | 5.93% | Reduce |
| 3 | AMZN | AMAZON COM INC | 4.90M | $638.18M | 5.85% | Reduce |
| 4 | BBWI | BATH & BODY WORKS INC | 16.36M | $613.38M | 5.62% | Reduce |
| 5 | RH | RH | 1.77M | $584.39M | 5.36% | Hold |
| 6 | WDAY | WORKDAY INC | 2.58M | $582.71M | 5.34% | Reduce |
| 7 | BKNG | BOOKING HOLDINGS INC. | 210.55K | $568.55M | 5.21% | Add |
| 8 | TDG | TRANSDIGM GROUP INC | 582.99K | $521.29M | 4.78% | Reduce |
| 9 | MA | MASTERCARD INCORPORATED | 1.18M | $462.84M | 4.24% | Add |
| 10 | PTC | PTC INC | 3.17M | $450.74M | 4.13% | Add |
| 11 | LPLA | LPL FINL HLDGS INC | 2.00M | $435.52M | 3.99% | Add |
| 12 | DKS | DICKS SPORTING GOODS INC | 3.27M | $431.78M | 3.96% | Reduce |
| 13 | UNH | UNITEDHEALTH GROUP INCORPORATED | 891.17K | $428.33M | 3.93% | Hold |
| 14 | FND | FLOOR & DECOR HLDGS INC | 3.76M | $390.61M | 3.58% | Add |
| 15 | KKR | KKR & CO INC | 6.56M | $367.61M | 3.37% | Hold |
| 16 | LYV | LIVE NATION ENTERTAINMENT IN | 3.97M | $362.00M | 3.32% | New |
| 17 | CRM | SALESFORCE INC | 1.69M | $358.08M | 3.28% | Reduce |
| 18 | ASML | ASML HLDG NV | 461.13K | $334.21M | 3.06% | Hold |
| 19 | V | VISA INC | 1.24M | $294.94M | 2.70% | Reduce |
| 20 | HDB | HDFC BANK LTD | 4.08M | $284.37M | 2.61% | Add |
| 21 | IBN | ICICI BANK LIMITED | 12.04M | $277.94M | 2.55% | Hold |
| 22 | NVDA | NVIDIA CORPORATION | 641.65K | $271.43M | 2.49% | New |
| 23 | EPAM | EPAM SYS INC | 965.59K | $217.02M | 1.99% | Hold |
| 24 | BILL | BILL HOLDINGS INC | 1.82M | $213.08M | 1.95% | Hold |
| 25 | MRNA | MODERNA INC | 1.53M | $185.85M | 1.70% | Hold |
| 26 | SG | SWEETGREEN INC | 4.56M | $58.41M | 0.54% | Hold |
| 27 | AVDX | AVIDXCHANGE HOLDINGS INC | 5.08M | $52.74M | 0.48% | Hold |
| 28 | MQ | MARQETA INC | 4.90M | $23.87M | 0.22% | Hold |
| 29 | LNG | CHENIERE ENERGY INC | 8.34K | $1.27M | 0.01% | Hold |