ASMLF - Tracking Lone Pine Capital Portfolio - Q1 2024 Update

2024-06-26 23:16:15 ET

Summary

• Lone Pine Capital's 13F portfolio value increased to $12.67B with 26 holdings, top positions include Meta Platforms, Taiwan Semi, and Microsoft.
• New stakes in Vistra Corp, Spotify Technology, AppLovin Corp, McKesson Corp, and Constellation Energy were established this quarter.
• Stake disposals included UnitedHealth Group, HDFC Bank, Blackstone, General Electric, and stake increases in Microsoft Corporation, KKR & Company, Philip Morris Intl., Intuit Inc., and Block Inc.

This article is part of a series that provides an ongoing analysis of the changes made to Lone Pine Capital’s 13F portfolio on a quarterly basis. It is based on their regulatory 13F Form filed on 5/15/2024. Please visit our Tracking Stephen Mandel’s Lone Pine Capital Portfolio article for an idea on their investment philosophy and our previous update for the fund’s moves during Q4 2023.

This quarter, Lone Pine’s 13F portfolio value increased from $11.56B to $12.67B. The number of holdings remained steady at 26. The top three positions are at ~21% while the top five are ~33% of the 13F assets: Meta Platforms, Taiwan Semi, Microsoft, Amazon.com, and Salesforce.com ....

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