- Greenwich, Conn.-based Lone Pine Capital disclosed in a SEC filing that it acquired new positions in eight holdings which were largely fintech including Alphabet Class A ( GOOGL ), LPL Financial ( LPLA ), PayPal ( PYPL ); and exited eight positions, some of which were consumer stocks, as of June 30.
- The Stephen Mandel managed private investment management firm had a portfolio value of ~$10.61B.
- The fund acquired stakes in LPL Financial with 2.29M shares; EQT ( EQT ) with 6.35M shares; PayPal with 4.28M shares; Epam Systems ( EPAM ) with 1.27M shares; Alphabet with ~172K shares. Other additions include, Booking ( BKNG ) and Fair Isaac ( FICO ).
- Lone Pine exited eight positions during the quarter, which included Snap ( SNAP ), DoorDash ( DASH ), Datadog ( DDOG ), Victoria's Secret ( VSCO ), and Bill.com ( BILL ).
- The fund boosted its stake in seven holdings, Thermo Fisher ( TMO ) by ~79% to ~932K shares; Meta ( META ) by 36.8% to ~5.01M shares; Dick's Sporting Goods ( DKS ) by ~34.4% to ~5.01M shares; Taiwan Semiconductor Manufacturing ( TSM ) to ~8.93M shares, and Atlassian ( TEAM ) to ~1.62M shares.
- Lone Pine reduced its stake in Block ( SQ ) by 99.2% to ~23.79K shares; Shopify ( SHOP ) by 97.58% to 25K shares; Visa ( V ) by 37.22% to ~2.16M shares; Mastercard ( MA ) by 36.14% to ~1.54M shares; ServiceNow ( NOW ) by 34.7% to ~1.29M shares; Microsoft ( MSFT ) by 30.33% to ~3.48M shares. The fund also lowered its stake in Workday ( WDAY ) and UnitedHealth ( UNH ).
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Lone Pine takes new stakes in Alphabet, LPL; exits Snap, DoorDash while boosting Thermo Fisher