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Livermore
Livermore
ZHEN

Lone Pine Capital

Superinvestor

Lone Pine Capital LLC

SEC CIK
0001061165
Manager
Stephen Mandel
Style
Growth, Hedge fund
Latest filing
Aug 14, 2026

The latest 13F from Lone Pine Capital covers Q2 2026 (filed Aug 14, 2026): 34 long positions worth $16.4B. The top 10 holdings make up 53.9% of the portfolio, and the largest is Nebius Group N.V. (NBIS) at 7.2%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
13
Est. +$6.61B
Added
8
Est. +$1.06B
Reduced
13
Est. −$3.04B
Sold out
15
Est. −$3.72B

Top 5 holdings

Share of this quarter's portfolio value

  1. NBISNebius Group N.V.
    7.2%$1.18BHistory
  2. ASMLASML Holding NV
    6.9%$1.13BHistory
  3. STXSeagate Technology Holdings plc
    5.9%$965.1MHistory
  4. HDHome Depot, Inc.
    5.6%$918.1MHistory
  5. AMATApplied Materials Inc
    5.3%$873.2MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. NBISNebius Group N.V.
    +$1.18BNewHistory
  2. STXSeagate Technology Holdings plc
    +$965.1MNewHistory
  3. HDHome Depot, Inc.
    +$918.1MNewHistory
  4. AMATApplied Materials Inc
    +$873.2MNewHistory
  5. LINLinde PLC
    +$808.6MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. NBISNebius Group N.V.
    +7.19 pp0.0% → 7.2%History
  2. STXSeagate Technology Holdings plc
    +5.90 pp0.0% → 5.9%History
  3. HDHome Depot, Inc.
    +5.61 pp0.0% → 5.6%History
  4. AMATApplied Materials Inc
    +5.34 pp0.0% → 5.3%History
  5. LINLinde PLC
    +4.94 pp0.0% → 4.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. VSTVistra Corp.
    −$930.2MSold outHistory
  2. TSMTaiwan Semiconductor Manufacturing Co Ltd
    −$615.2MReducedHistory
  3. TLNTalen Energy Corp
    −$580.3MSold outHistory
  4. CRSCarpenter Technology Corp
    −$527.5MReducedHistory
  5. CLHClean Harbors Inc
    −$503.2MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. VSTVistra Corp.
    −7.42 pp7.4% → 0.0%History
  2. TLNTalen Energy Corp
    −4.63 pp4.6% → 0.0%History
  3. CLHClean Harbors Inc
    −4.01 pp4.0% → 0.0%History
  4. TSMTaiwan Semiconductor Manufacturing Co Ltd
    −3.45 pp3.7% → 0.3%History
  5. BNBROOKFIELD Corp
    −3.41 pp3.6% → 0.2%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$16.4B
+$3.81B (+30.4%) vs. prior quarter
Positions
34
−2 vs. prior quarter
Top 10 concentration
53.9%
Top 10 as share of value
Turnover
46.8%
Q2 2026, one quarter
Average holding period
2.6 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $31.0B (Q2 2021)

Q1 2021: $27.5BQ2 2021: $31.0BQ3 2021: $29.7BQ4 2021: $24.4BQ1 2022: $16.8BQ2 2022: $10.6BQ3 2022: $10.6BQ4 2022: $10.5BQ1 2023: $10.8BQ2 2023: $10.9BQ3 2023: $10.4BQ4 2023: $11.6BQ1 2024: $12.7BQ2 2024: $12.3BQ3 2024: $13.4BQ4 2024: $13.5BQ1 2025: $11.4BQ2 2025: $13.8BQ3 2025: $13.7BQ4 2025: $13.6BQ1 2026: $12.5BQ2 2026: $16.4B
Q1 2021Q2 2026
13F filings of Lone Pine Capital by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202634$16.4BNBISASMLSTXvs. Q1 2026SEC
Q1 2026May 15, 202636$12.5BVSTASMLCRSvs. Q4 2025SEC
Q4 2025Feb 17, 202632$13.6BTSMVSTCVNAvs. Q3 2025SEC
Q3 2025Nov 14, 202525$13.7BMETAVSTTSMvs. Q2 2025SEC
Q2 2025Aug 14, 202522$13.8BVSTMETAAMZNvs. Q1 2025SEC
Q1 2025May 15, 202522$11.4BMETAINTUAMZNvs. Q4 2024SEC
Q4 2024Feb 14, 202530$13.5BMETAAMZNPMvs. Q3 2024SEC
Q3 2024Nov 14, 202429$13.4BMETAAMZNVSTvs. Q2 2024SEC
Q2 2024Aug 14, 202424$12.3BTSMMSFTAMZNvs. Q1 2024SEC
Q1 2024May 15, 202426$12.7BMETATSMMSFTvs. Q4 2023SEC
Q4 2023Feb 14, 202425$11.6BMETAAMZNTSMvs. Q3 2023SEC
Q3 2023Nov 14, 202326$10.4BMETAAMZNMAvs. Q2 2023SEC
Q2 2023Aug 14, 202329$10.9BMSFTTSMAMZNvs. Q1 2023SEC
Q1 2023May 15, 202329$10.8BWDAYMSFTTSMvs. Q4 2022SEC
Q4 2022Feb 14, 202330$10.5BBBWIMSFTAMZNvs. Q3 2022SEC
Q3 2022Nov 14, 202230$10.6BWDAYAMZNPYPLvs. Q2 2022SEC
Q2 2022Aug 15, 202229$10.6BAMZNMSFTMETAvs. Q1 2022SEC
Q1 2022May 16, 202229$16.8BMSFTAMZNWDAYvs. Q4 2021SEC
Q4 2021Feb 14, 202229$24.4BAMZNSHOPMAvs. Q3 2021SEC
Q3 2021Nov 15, 202139$29.7BSHOPSNAPDASHvs. Q2 2021SEC
Q2 2021Nov 15, 2021Amended35$31.0BSHOPBBWIMETAvs. Q1 2021SEC
Q1 2021May 18, 202138$27.5BSHOPMSFTMETA–SEC

13D and 13G filings

Companies where Lone Pine Capital reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

2 companies, largest stake first.

Companies where Lone Pine Capital owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
HUTHut 8 Corp.13G5.60%6.19M sharesNewMar 6, 20261 filingMar 6, 2026SEC
WULFTerawulf Inc.13G5.10%21.7M sharesNewApr 15, 20261 filingApr 15, 2026SEC

Latest filings

47 filings on file made by Lone Pine Capital or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Lone Pine Capital
CompanyFiled (ET)FormStakeChangeEvent dateFiling
WINGWingstop Inc.May 15, 20264:05 PM ET13G/A0.00%0 shares−5.30 ppfrom 5.30%Below 5%Mar 31, 2026SEC
WULFTerawulf Inc.Apr 15, 20265:12 PM ET13G5.10%21.7M sharesNewApr 8, 2026SEC
HUTHut 8 Corp.Mar 6, 20264:07 PM ET13G5.60%6.19M sharesNewFeb 27, 2026SEC
ETSYEtsy IncFeb 17, 20264:40 PM ET13G/A0.00%0 shares−5.00 ppfrom 5.00%Below 5%Dec 31, 2025SEC
ETSYEtsy IncOct 24, 20254:23 PM ET13G5.00%4.97M sharesNewOct 17, 2025SEC
WINGWingstop Inc.Sep 26, 20254:23 PM ET13G5.30%1.49M sharesNewSep 19, 2025SEC
BBWIBath & Body Works, Inc.Nov 14, 202413G/AOld format–––SEC
KVYOKlaviyo, Inc.Nov 14, 202413G/AOld format–––SEC
DKSDick's Sporting Goods, Inc.Nov 14, 202413G/AOld format–––SEC
BBWIBath & Body Works, Inc.Feb 22, 202413G/AOld format–––SEC
RHRHFeb 14, 202413G/AOld format–––SEC
BBWIBath & Body Works, Inc.Feb 14, 202413G/AOld format–––SEC
DKSDick's Sporting Goods, Inc.Feb 14, 202413G/AOld format–––SEC
KVYOKlaviyo, Inc.Sep 28, 202313GOld format–New–SEC
DKSDick's Sporting Goods, Inc.Feb 14, 202313G/AOld format–––SEC
BBWIBath & Body Works, Inc.Feb 14, 202313G/AOld format–––SEC
CFLTConfluent, Inc.Feb 14, 202313G/AOld format–––SEC
Farfetch LtdFeb 14, 202313G/AOld format–––SEC
MQMarqeta, Inc.Feb 14, 202313G/AOld format–––SEC
RHRHFeb 14, 202313G/AOld format–––SEC