WhaleCreep

Lone Pine Capital LLC 13F holdings, Q4 2011

Hedge fundSEC filingsCompare with another fundHoldings as of 2011-12-31, filed 2012-05-04

Lone Pine Capital LLC disclosed 36 US equity positions worth $8.9bn in its Q4 2011 13F filing. Its largest position is AAPL at 9.7% of the reported book, followed by RL and EXPRESS SCRIPTS INC. Versus Q3 2011 it opened 12 new positions, added to 13, reduced 9 and exited 11.

$8.9bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
36
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
9.7%
Largest position
The largest single position as a share of the reported equity book.
58.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
21
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
87
Quarters on file since Q4 2004
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q3 2011: 12 new, 13 added, 9 reduced, 11 exited

36 rows
AAPL APPLE INCTechnology9.7%$871m2.15m+4.4%added
RL RALPH LAUREN CORPConsumer Cyclical7.2%$646m4.68m+11%added
EXPRESS SCRIPTS INC no ticker–6.9%$616m13.78m−4.6%reduced
GLD SPDR GOLD TRUST–6.4%$570m3.75m–new
V VISA INCFinancial Services5.4%$487m4.80m+111%added
CROWN CASTLE INTL CORP no ticker–5.3%$474m10.58m−13%reduced
MONSANTO CO NEW no ticker–4.6%$415m5.93m+14%added
LVS LAS VEGAS SANDS CORPConsumer Cyclical4.6%$414m9.70m+32%added
OII OCEANEERING INTL INCEnergy4.0%$362m7.84m+30%added
BARCLAYS BK PLC IPTH S&P VIX NEW no ticker–3.9%$349m9.81m+26%added
QCOM QUALCOMM INCTechnology3.9%$346m6.33m−12%reduced
TDC TERADATA CORP DELTechnology3.8%$336m6.93m+98%added
FMC TECHNOLOGIES INC no ticker–3.6%$326m6.24m–new
EQIX EQUINIX INCReal Estate3.2%$282m2.78m−12%reduced
BIDU BAIDU INCCommunication Services3.1%$279m2.40m–new
NEW ORIENTAL ED & TECHNOLOGY no ticker–2.7%$239m9.96m+48%added
CTRPUSD CTRIP COM INTL LTD–2.5%$220m9.41m+9.4%added
WBC1EUR WABCO HLDGS INC–2.4%$213m4.91m+12%added
LIBERTY MEDIA CORPORATION LIB CAP no ticker–2.0%$177m2.26m–new
EL PASO CORP no ticker–1.9%$174m6.56m–new
VFC V F CORPConsumer Cyclical1.9%$173m1.36m–new
SENSATA TECHNOLOGIES HLDG NV no ticker–1.8%$162m6.16m−7.7%reduced
GREEN MTN COFFEE ROASTERS IN no ticker–1.7%$156m3.48m–new
AMP AMERIPRISE FINL INCFinancial Services1.3%$117m2.35m0.0%held
MICHAEL KORS HLDGS LTD no ticker–1.1%$99.5m3.65m–new
GRA1EUR GRACE W R & CO DEL NEW–1.0%$91.1m1.98m–new
SOLARWINDS INC no ticker–0.9%$77.9m2.79m−26%reduced
EBAY EBAY INC.Consumer Cyclical0.9%$76.3m2.52m–new
SHLDEUR SEARS HLDGS CORP–0.5%$41.5m1.31m−45%reduced
NEWS CORP no ticker–0.4%$34.0m1.91m−93%reduced
HOME INNS & HOTELS MGMT INC no ticker–0.3%$29.9m1.16m+26%added
INTC INTEL CORPTechnology0.3%$22.9m945,000–new
TSLA TESLA INCConsumer Cyclical0.2%$20.1m703,000–new
ARCO ARCOS DORADOS HLDGS INCConsumer Cyclical0.2%$16.9m824,5990.0%held
7 DAYS GROUP HLDGS LTD no ticker–0.2%$15.2m1.37m+37%added
NBIS NEBIUS GROUP N.V.Communication Services0.1%$12.6m637,699−49%reduced

Exited since Q3 2011

11 rows
SLB SLB LIMITED4.3%$361m
GOODRICH CORP no ticker3.8%$323m
SPY SPDR S&P 500 ETF Trust3.5%$298m
DLTR DOLLAR TREE INC3.2%$268m
NII HLDGS INC no ticker2.2%$189m
UTXZ UNITED TECHNOLOGIES CORP2.1%$173m
KO COCA COLA CO2.0%$171m
LIBERTY MEDIA CORP NEW CAP no ticker1.9%$165m
EL LAUDER ESTEE COS INC1.9%$161m
USB US BANCORP1.1%$90.4m
LIBERTY MEDIA CORP NEW LIB STAR no ticker0.9%$80.1m

Sector mix

  • Unclassified50.1%
  • Technology17.6%
  • Consumer Cyclical15.1%
  • Financial Services6.8%
  • Energy4.0%
  • Communication Services3.3%
  • Real Estate3.2%

Book over time

Every quarter on file (87)
QuarterPositionsEquity book
Q2 202634$16.4bn
Q1 202636$12.5bn
Q4 202532$13.6bn
Q3 202525$13.7bn
Q2 202522$13.8bn
Q1 202522$11.4bn
Q4 202430$13.5bn
Q3 202429$13.4bn
Q2 202424$12.3bn
Q1 202426$12.7bn
Q4 202325$11.6bn
Q3 202326$10.4bn
Q2 202329$10.9bn
Q1 202329$10.8bn
Q4 202230$10.5bn
Q3 202230$10.6bn
Q2 202229$10.6bn
Q1 202229$16.8bn
Q4 202129$24.4bn
Q3 202139$29.7bn
Q2 202135$31.0bn
Q1 202138$27.5bn
Q4 202041$27.5bn
Q3 202032$23.3bn
Q2 202028$19.5bn
Q1 202038$16.4bn
Q4 201941$18.7bn
Q3 201937$17.0bn
Q2 201931$16.1bn
Q1 201929$17.1bn
Q4 201825$14.8bn
Q3 201825$19.4bn
Q2 201828$18.9bn
Q1 201830$19.7bn
Q4 201731$19.2bn
Q3 201730$20.3bn
Q2 201733$19.7bn
Q1 201734$19.0bn
Q4 201638$19.1bn
Q3 201637$22.4bn
Q2 201635$21.6bn
Q1 201637$19.7bn
Q4 201540$22.4bn
Q3 201543$22.4bn
Q2 201546$22.5bn
Q1 201546$23.4bn
Q4 201443$23.4bn
Q3 201442$25.0bn
Q2 201446$24.0bn
Q1 201447$22.3bn
Q4 201346$21.9bn
Q3 201350$21.3bn
Q2 201353$19.8bn
Q1 201340$12.2bn
Q4 201232$9.3bn
Q3 201235$10.2bn
Q2 201236$10.8bn
Q1 201237$10.9bn
Q4 201136$8.9bn
Q3 201135$8.5bn
Q2 201137$8.0bn
Q1 201136$7.4bn
Q4 201034$7.6bn
Q3 201034$7.3bn
Q2 201037$6.7bn
Q1 201038$8.7bn
Q4 200938$8.7bn
Q3 200935$6.9bn
Q2 200928$5.7bn
Q1 200923$5.1bn
Q4 200817$4.6bn
Q3 200815$3.5bn
Q2 200817$4.0bn
Q1 200821$4.7bn
Q4 200726$6.1bn
Q3 200730$7.1bn
Q2 200739$8.0bn
Q1 200737$7.2bn
Q4 200629$5.6bn
Q3 200636$5.8bn
Q2 200634$5.3bn
Q1 200640$6.2bn
Q4 200538$5.4bn
Q3 200544$5.5bn
Q2 200547$5.9bn
Q1 200541$5.5bn
Q4 200450$4.9bn

Where Lone Pine Capital LLC was early

130 rows
GE GENERAL ELECTRIC COQ1 20052 of 2420.4%2.3%11Exited by Q1 2024−41%
AAP ADVANCE AUTO PARTS INCQ2 20054 of 1792.6%5.6%10Exited by Q4 2017+131%
SCHW SCHWAB CHARLES CORP NEWQ2 20056 of 2211.0%2.7%7Exited by Q4 2015+153%
LSAK NET 1 UEPS TECHNOLOGIES INCQ3 20051 of 430.5%1.5%5Exited by Q4 2006+2.0%
MCO MOODYS CORPORATIONQ4 20058 of 1762.2%2.2%2Exited by Q2 2006+16%
SLB SCHLUMBERGER LTDQ1 20062 of 2115.1%7.7%12Exited by Q4 2012+14%
CSCO CISCO SYS INCQ1 20066 of 1703.2%5.7%5Exited by Q2 2007+18%
AVGO BROADCOM INCQ2 20065 of 3232.8%6.3%11Exited by Q1 2026+38409%
LVS LAS VEGAS SANDS CORPQ3 20061 of 1880.7%4.6%6Exited by Q2 2012−16%
VMC VULCAN MATLS COQ3 20061 of 1821.3%5.0%16Exited by Q2 2026+248%
BIDU BAIDU INCQ3 20062 of 2311.8%7.1%10Exited by Q2 2015+2281%
MLM MARTIN MARIETTA MATLS INCQ3 20063 of 1844.4%4.4%2Exited by Q2 2007+60%
TV GRUPO TELEVISA SAQ3 20064 of 790.8%5.4%10Exited by Q1 2018−12%
EQIX EQUINIX INCQ4 20061 of 1872.6%6.2%33Exited by Q1 2018+499%
MA MASTERCARD INCORPORATEDQ4 20065 of 2635.8%9.1%51Exited by Q2 2026+4973%
ILMN ILLUMINA INCQ1 20071 of 2151.3%5.5%11Exited by Q1 2020+2164%
MDRX ALLSCRIPTS HEALTHCARE SOLUTIQ1 20072 of 961.4%1.4%2Exited by Q3 2007−5.0%
BAX BAXTER INTL INCQ2 20073 of 1460.4%7.1%3Exited by Q2 2010+3.3%
FAST FASTENAL COQ2 20074 of 1422.4%6.8%6Exited by Q4 2008+18%
AEO AMERICAN EAGLE OUTFITTERS NEQ3 20071 of 1510.8%2.9%2Exited by Q1 2008−21%
CME CME GROUP INCQ3 20071 of 1613.7%5.9%7Exited by Q1 2014−33%
MELI MERCADOLIBRE INCQ3 200712 of 2240.5%3.8%14Exited by Q2 2021+3960%
MSCI MSCI INCQ4 20074 of 1760.01%2.0%3Exited by Q1 2010−17%
TDC TERADATA CORP DELQ1 20082 of 1264.3%5.3%9Exited by Q3 2012+226%
V VISA INCQ1 20082 of 2845.2%9.9%42Held at last filing, Q2 2026+2101%
DLB DOLBY LABORATORIES INCQ3 20084 of 1054.4%4.4%3Exited by Q2 2009−3.1%
GLD SPDR GOLD TRUST GOLDQ4 20083 of 1913.3%6.4%13Exited by Q4 2012+99%
UNP UNION PACIFIC CORPQ4 20089 of 2117.2%7.2%9Exited by Q1 2020+656%
KO COCA COLA COQ1 20093 of 1582.4%4.8%7Exited by Q4 2011+54%
URBN URBAN OUTFITTERS INCQ1 20093 of 1282.4%2.4%3Exited by Q1 2011+119%
PM PHILIP MORRIS INTL INCQ1 200911 of 1697.0%7.0%12Exited by Q1 2026+351%
MLCO MELCO CROWN ENTMT LTDQ2 20092 of 1081.3%1.6%3Exited by Q1 2010−25%
SFD SMITHFIELD FOODS INCQ2 20092 of 902.7%2.7%3Exited by Q1 2010−28%
NKE NIKE INCQ2 200914 of 2084.1%5.6%10Exited by Q2 2017+331%
EL LAUDER ESTEE COS INCQ3 20092 of 1610.4%5.1%11Exited by Q3 2012+192%
FLIR FLIR SYS INCQ3 20092 of 802.1%2.6%2Exited by Q1 2010+17%
HSIC SCHEIN HENRY INCQ3 20094 of 1422.1%2.1%2Exited by Q1 2010−4.2%
ADSK AUTODESK INCQ4 20095 of 2170.7%4.0%22Exited by Q4 2022+635%
DIS DISNEY WALT COQ4 20098 of 2532.8%6.0%6Exited by Q2 2013+76%
CVS CVS CAREMARK CORPORATIONQ4 20099 of 2161.7%2.3%2Exited by Q2 2010+14%
WFC WELLS FARGO & CO NEWQ4 200911 of 2123.4%5.3%2Exited by Q2 2010+15%
BAC BANK AMER CORPQ4 200916 of 2322.5%3.1%3Exited by Q1 2017+47%
AMP AMERIPRISE FINL INCQ1 20102 of 1182.2%4.1%8Exited by Q1 2012+9.4%
CRM SALESFORCE INCQ1 20102 of 3031.6%5.7%22Exited by Q3 2025+1365%
LYV LIVE NATION ENTERTAINMENT INQ1 20102 of 2161.6%3.3%8Exited by Q2 2024+629%
APH AMPHENOL CORPQ1 20103 of 1862.1%3.5%8Exited by Q2 2026+2296%
IVZ INVESCO LTDQ1 20103 of 1090.1%2.7%3Exited by Q4 2010−3.1%
CTSH COGNIZANT TECHNOLOGY SOLUTIOQ1 20104 of 1496.4%6.5%9Exited by Q2 2015+145%
UPS UNITED PARCEL SERVICE INCQ1 20104 of 1743.2%3.2%2Exited by Q3 2010−12%
SNI SCRIPPS NETWORKS INTERACT INQ4 20104 of 801.0%2.2%2Exited by Q2 2011−3.2%

Concentration and tenure

8.0%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
55.1%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
3
Median completed holding, quarters