Lone Pine Capital 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Lone Pine Capital disclosed 25 US equity positions worth $13.7bn in its Q3 2025 13F filing. The largest position was META at 7.1% of the reported book, followed by VST and TSM. Against the Q2 2025 filing, it opened 8 new positions, added to 5 and reduced 10 among the top 25 holdings.
What did Lone Pine Capital own in Q3 2025? Top 25 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | META META PLATFORMS INC | Communication Services | 7.1% | $971.0m | 1,322,260 | -21% | reduced |
| 2 | VST VISTRA CORP | Utilities | 6.7% | $920.7m | 4,699,241 | -27% | reduced |
| 3 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 6.2% | $852.5m | 3,052,400 | -11% | reduced |
| 4 | APP APPLOVIN CORP | Communication Services | 5.8% | $797.0m | 1,109,138 | -12% | reduced |
| 5 | LPLA LPL FINL HLDGS INC | Financial Services | 5.5% | $750.5m | 2,255,714 | 20% | added |
| 6 | PM PHILIP MORRIS INTL INC | Consumer Defensive | 5.4% | $748.5m | 4,614,443 | 67% | added |
| 7 | BN BROOKFIELD CORP | Financial Services | 5.1% | $698.2m | 10,181,348 | 81% | added |
| 8 | CVNA CARVANA CO | Consumer Cyclical | 4.8% | $665.9m | 1,765,291 | 0% | held |
| 9 | MSFT MICROSOFT CORP | Technology | 4.6% | $626.0m | 1,208,605 | -35% | reduced |
| 10 | AMZN AMAZON COM INC | Consumer Cyclical | 4.5% | $617.4m | 2,811,928 | -44% | reduced |
| 11 | COF CAPITAL ONE FINL CORP | Financial Services | 4.0% | $546.2m | 2,569,491 | -17% | reduced |
| 12 | KKR KKR & CO INC | Financial Services | 3.9% | $530.3m | 4,080,561 | -22% | reduced |
| 13 | AVGO BROADCOM INC | Technology | 3.7% | $511.2m | 1,549,412 | – | new |
| 14 | TLN TALEN ENERGY CORP | Utilities | 3.7% | $507.3m | 1,192,516 | 9% | added |
| 15 | SBUX STARBUCKS CORP | Consumer Cyclical | 3.4% | $470.5m | 5,561,954 | 0% | held |
| 16 | EQT EQT CORP | Energy | 3.3% | $455.1m | 8,361,889 | 11% | added |
| 17 | FLUTTER ENTMT PLC | 3.2% | $440.3m | 1,733,336 | -7% | reduced | |
| 18 | VMC VULCAN MATLS CO | Basic Materials | 3.1% | $425.9m | 1,384,624 | – | new |
| 19 | NU NU HLDGS LTD | Financial Services | 3.0% | $406.8m | 25,406,449 | – | new |
| 20 | WING WINGSTOP INC | Consumer Cyclical | 2.7% | $375.3m | 1,491,245 | – | new |
| 21 | APH AMPHENOL CORP NEW | Technology | 2.7% | $374.1m | 3,023,231 | – | new |
| 22 | SE SEA LTD | Consumer Cyclical | 2.4% | $334.1m | 1,869,501 | – | new |
| 23 | CIEN CIENA CORP | Technology | 2.1% | $292.3m | 2,006,662 | – | new |
| 24 | ETSY ETSY INC | Consumer Cyclical | 1.9% | $257.6m | 3,880,316 | – | new |
| 25 | BKNG BOOKING HOLDINGS INC | Consumer Cyclical | 1.2% | $168.2m | 31,151 | -48% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.