LONE PINE CAPITAL LLC
Q3 2025 Form 13-F
GREENWICH, CONNECTICUT
CIK 0001061165
· CRD 156602
· SEC-registered investment adviser
$13.7B Reported Value Total
LONE PINE CAPITAL LLC reports 12 total accounts under management (AUM). There are 12 discretionary accounts valued at $20,139,567,200, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
26 funds
· $43.6B gross asset value
Hedge Fund: $43.4B · Private Equity Fund: $179.1M
Source: Form ADV filed 2026-03-30
Reported value
$13.7B
Quarter over quarter
+5.7%
Holdings
25
Top-10 concentration
55.7%
Key People
Form ADV owners & control persons
Stephen Frank Mandel
MANAGING MEMBER
David Francis Craver
MANAGING DIRECTOR
Kelly Ann Granat
MANAGING DIRECTOR
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
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Q3 2025 13F record
Q3 2025 13F filing summary
| Period of report | September 30, 2025 |
|---|---|
| Filed | November 14, 2025 |
| Form | 13F-HR |
| Reported value | $13.7B |
| Positions | 25 |
| Change in reported value | -2.2% |
| New positions | 8 |
| Exited positions | 5 |
| Position turnover | 43.3% |
| Top-10 concentration | 55.7% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
34 | $16.4B |
|
Q1 2026 13F
Filed May 15, 2026
|
36 | $12.5B |
|
Q4 2025 13F
Filed Feb 17, 2026
|
32 | $13.6B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
25 | $13.7B |
|
Q2 2025 13F
Filed Aug 14, 2025
|
22 | $14.1B |
|
Q1 2025 13F
Filed May 15, 2025
|
22 | $11.6B |
|
Q4 2024 13F
Filed Feb 14, 2025
|
30 | $13.5B |
|
Q3 2024 13F
Filed Nov 14, 2024
|
29 | $13.4B |
|
Q2 2024 13F
Filed Aug 14, 2024
|
24 | $12.3B |
|
Q1 2024 13F
Filed May 15, 2024
|
26 | $12.7B |
|
Q4 2023 13F
Filed Feb 14, 2024
|
25 | $11.6B |
|
Q3 2023 13F
Filed Nov 14, 2023
|
26 | $10.4B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
29 | $10.9B |
|
Q1 2023 13F
Filed May 15, 2023
|
29 | $10.8B |
|
Q4 2022 13F
Filed Feb 14, 2023
|
30 | $10.5B |
|
Q3 2022 13F
Filed Nov 14, 2022
|
30 | $10.6B |
|
Q2 2022 13F
Filed Aug 15, 2022
|
29 | $10.6B |
|
Q1 2022 13F
Filed May 16, 2022
|
29 | $16.8B |
|
Q4 2021 13F
Filed Feb 14, 2022
|
29 | $24.4B |
|
Q3 2021 13F
Filed Nov 15, 2021
|
39 | $29.7B |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q3 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | META META PLATFORMS INC | $971.0M | 7.07% |
| 2 | VST VISTRA CORP | $920.7M | 6.7% |
| 3 | TSM TAIWAN SEMICONDUCTOR MFG LTD | $852.5M | 6.2% |
| 4 | APP APPLOVIN CORP | $797.0M | 5.8% |
| 5 | LPLA LPL FINL HLDGS INC | $750.5M | 5.46% |
| 6 | PM PHILIP MORRIS INTL INC | $748.5M | 5.45% |
| 7 | BN BROOKFIELD CORP | $698.2M | 5.08% |
| 8 | CVNA CARVANA CO | $665.9M | 4.85% |
| 9 | MSFT MICROSOFT CORP | $626.0M | 4.56% |
| 10 | AMZN AMAZON COM INC | $617.4M | 4.49% |
| 11 | COF CAPITAL ONE FINL CORP | $546.2M | 3.97% |
| 12 | KKR KKR & CO INC | $530.3M | 3.86% |
| 13 | AVGO BROADCOM INC | $511.2M | 3.72% |
| 14 | TLN TALEN ENERGY CORP | $507.3M | 3.69% |
| 15 | SBUX STARBUCKS CORP | $470.5M | 3.42% |
| 16 | EQT EQT CORP | $455.1M | 3.31% |
| 17 | FLUT FLUTTER ENTMT PLC | $440.3M | 3.2% |
| 18 | VMC VULCAN MATLS CO | $425.9M | 3.1% |
| 19 | NU NU HLDGS LTD | $406.8M | 2.96% |
| 20 | WING WINGSTOP INC | $375.3M | 2.73% |
Values as reported on the Q3 2025 Form 13F. Every position is in the holdings table below.