WhaleCreep

Lone Pine Capital LLC 13F holdings, Q4 2013

Hedge fundSEC filingsCompare with another fundHoldings as of 2013-12-31, filed 2014-02-14

Lone Pine Capital LLC disclosed 46 US equity positions worth $21.9bn in its Q4 2013 13F filing. Its largest position is DG at 5.2% of the reported book, followed by CTSH and PRICELINE GRP INC. Versus Q3 2013 it opened 7 new positions, added to 19, reduced 16 and exited 11.

$21.9bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
46
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.2%
Largest position
The largest single position as a share of the reported equity book.
42.3%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
34
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 2013: 7 new, 19 added, 16 reduced, 11 exited

46 rows
DG DOLLAR GEN CORPConsumer Defensive5.2%$1.1bn18.90m+6.9%added
CTSH COGNIZANT TECHNOLOGY SOLUTIOTechnology5.0%$1.1bn10.74m−10%reduced
PRICELINE GRP INC no ticker–4.7%$1.0bn884,756−8.7%reduced
BIDU BAIDU INCCommunication Services4.4%$959m5.39m+2.0%added
MSFT MICROSOFT CORPTechnology4.4%$953m25.47m–new
VALEANT PHARMACEUTICALS INTL no ticker–4.2%$911m7.76m−0.3%held
QCOM QUALCOMM INCTechnology3.7%$808m10.89m−18%reduced
GAP GAP INCConsumer Cyclical3.7%$804m20.57m−7.8%reduced
MA MASTERCARD INCFinancial Services3.6%$794m950,596+36%added
CROWN CASTLE INTL CORP no ticker–3.5%$761m10.37m+64%added
TWENTY FIRST CENTY FOX INC no ticker–3.3%$718m20.41m+9.1%added
MONSANTO CO NEW no ticker–3.1%$680m5.83m−38%reduced
HOUSEUR ANYWHERE REAL ESTATE INC–2.8%$615m12.43m+3.6%added
DVA DAVITA INCHealthcare2.5%$537m8.47m+34%added
FLT1EUR FLEETCOR TECHNOLOGIES INC–2.3%$511m4.36m−4.5%reduced
MICHAEL KORS HLDGS LTD no ticker–2.3%$496m6.11m−36%reduced
ICE INTERCONTINENTAL EXCHANGE INFinancial Services2.3%$495m2.20m–new
SBAC SBA COMMUNICATIONS CORPReal Estate2.2%$490m5.46m–new
ULTA ULTA BEAUTY INCConsumer Cyclical2.1%$464m4.81m+1.5%added
WYNEUR WYNDHAM DESTINATIONS INC–2.1%$463m6.28m+10%added
DLTR DOLLAR TREE INCConsumer Defensive2.1%$459m8.13m+6.3%added
TDG TRANSDIGM GROUP INCIndustrials2.0%$446m2.77m+8.3%added
LIBERTY GLOBAL PLC no ticker–2.0%$437m5.18m+31%added
MCGRAW HILL FINL INC no ticker–1.9%$424m5.42m–new
AXP AMERICAN EXPRESS COFinancial Services1.8%$399m4.39m−30%reduced
LIBERTY GLOBAL PLC no ticker–1.8%$397m4.46m+39%added
B/E AEROSPACE INC no ticker–1.8%$385m4.42m−6.8%reduced
VRSN VERISIGN INCTechnology1.7%$379m6.34m+30%added
COACH INC no ticker–1.7%$364m6.48m0.0%held
MEAD JOHNSON NUTRITION CO no ticker–1.4%$298m3.56m−46%reduced
DSW INC no ticker–1.3%$293m6.86m+130%added
ENDO HEALTH SOLUTIONS INC no ticker–1.3%$293m4.34m–new
KINDER MORGAN INC DEL no ticker–1.3%$284m69.91m−3.3%reduced
CME CME GROUP INCFinancial Services1.3%$284m3.61m−36%reduced
WDAY WORKDAY INCTechnology1.2%$257m3.09m−12%reduced
SEMGUSD SEMGROUP CORP–1.2%$255m3.91m0.0%held
SOLARWINDS INC no ticker–1.2%$253m6.70m+17%added
OII OCEANEERING INTL INCEnergy1.1%$247m3.13m+1.8%added
LIBERTY MEDIA CORP DELAWARE no ticker–1.0%$223m1.52m−5.6%reduced
META META PLATFORMS INCCommunication Services0.8%$164m3.00m−61%reduced
TOWERS WATSON & CO no ticker–0.6%$140m1.10m–new
ASML ASML HLDG NVTechnology0.5%$113m1.20m+16%added
CHARTER COMMUNICATIONS INC D no ticker–0.5%$106m774,527−60%reduced
LOW LOWES COS INCConsumer Cyclical0.5%$105m2.11m0.0%held
PRKS UNITED PARKS & RESORTS INCConsumer Cyclical0.4%$88.0m3.06m+76%added
LL FLOORING HOLDINGS INC no ticker–0.2%$50.9m494,858–new

Exited since Q3 2013

11 rows
EBAY EBAY INC.2.9%$609m
EQIX EQUINIX INC1.9%$398m
KMI KINDER MORGAN INC DEL1.8%$388m
GOOGLE INC no ticker1.7%$357m
OCN2EUR OCWEN FINL CORP1.4%$294m
PANDORA MEDIA INC no ticker1.2%$253m
AMZN AMAZON COM INC1.1%$242m
V VISA INC1.1%$238m
GRFS GRIFOLS S A0.6%$134m
HRB BLOCK H & R INC0.3%$61.4m
CANADIAN PAC RY LTD no ticker0.09%$19.9m

Sector mix

  • Unclassified47.5%
  • Technology16.4%
  • Financial Services9.0%
  • Consumer Defensive7.3%
  • Consumer Cyclical6.7%
  • Communication Services5.1%
  • Healthcare2.5%
  • Real Estate2.2%
  • Industrials2.0%
  • Energy1.1%

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