LONE PINE CAPITAL LLC 13F: Quarter-over-Quarter Portfolio Changes
LONE PINE CAPITAL LLC reported a disclosed portfolio value of approximately $16.4 billion in its latest SEC Form 13F-HR filing for Q2 2026, up 30.4% quarter on quarter. Over the quarter, the fund initiated 13 new positions, bought more shares in 8 holdings, trimmed 13 holdings, and exited 15 positions.
LONE PINE CAPITAL LLC's top buy was a new stake in Nebius Group N.V. (NBIS) , equal to 7.2% of the disclosed portfolio. Its top sell was Vistra CORP (VST) . The fund exited the position completely after it had accounted for 7.4% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| NEBIUS GROUP N.V. | NBIS | 7.2% | History → |
| SEAGATE TECHNOLOGY HLDNGS PL | STX | 5.9% | History → |
| HOME DEPOT INC | HD | 5.6% | History → |
| APPLIED MATERIALS INC | AMAT | 5.3% | History → |
| LINDE PLC | LIN | 4.9% | History → |
| TTM TECHNOLOGIES INC | TTMI | 3.1% | Holders → |
| STERLING INFRASTRUCTURE INC | STRL | 3.1% | Holders → |
| ON HLDG AG | ONON | 2.9% | Holders → |
| BITDEER TECHNOLOGIES GROUP | BTDR | 0.7% | Holders → |
| SHARONAI HOLDINGS INC | SHAZ | 0.6% | Holders → |
| KODIAK GAS SVCS INC | KGS | 0.4% | Holders → |
| INTERACTIVE BROKERS GROUP IN | IBKR | 0.3% | Holders → |
| SEA LTD | SE | 0.3% | Holders → |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| CARVANA CO | CVNA | +-0.2% | +499.6% | History → |
| VISA INC-CLASS A SHRS | V | +0.1% | +78.9% | Holders → |
| MEDLINE INC | MDLN | +0.9% | +77.9% | History → |
| PERFORMANCE FOOD GROUP CO | PFGC | +1.3% | +47.1% | Holders → |
| US FOODS HLDG CORP | USFD | +0.3% | +29.5% | Holders → |
| NU HLDGS LTD | NU | +-0.5% | +24.2% | Holders → |
| TERAWULF INC | WULF | +1.4% | +21.2% | Holders → |
| ALPHABET INC-CL A | GOOGL | +0.0% | +14.9% | Holders → |
Top SellsQ2 2026
Showing the top 10 sells among 13 existing positions where the fund sold shares in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| BROOKFIELD CORP | BN | -3.4% | 92.9% | Holders → |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | -3.4% | 92.7% | Holders → |
| MCKESSON CORP | MCK | -2.4% | 85.3% | Holders → |
| CARPENTER TECHNOLOGY CORP | CRS | -2.1% | 47.0% | Holders → |
| LPL FINL HLDGS INC | LPLA | -2.8% | 40.5% | Holders → |
| APPLOVIN CORP | APP | -1.4% | 28.9% | Holders → |
| CORNING INC | GLW | 0.2% | 26.6% | History → |
| TERADYNE INC | TER | -0.0% | 20.3% | History → |
| TRANSDIGM GROUP INC | TDG | -0.1% | 20.0% | Holders → |
| ASML HLDG NV | ASML | 0.0% | 13.1% | History → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| VISTRA CORP | VST | 7.4% |
| TALEN ENERGY CORP | TLN | 4.6% |
| CLEAN HARBORS INC | CLH | 4.0% |
| TENET HEALTHCARE CORP | THC | 3.4% |
| CAPITAL ONE FINL CORP | COF | 3.3% |
| ENTEGRIS INC | ENTG | 2.9% |
| CIENA CORP | CIEN | 2.5% |
| VULCAN MATLS CO | VMC | 0.3% |
| SPOTIFY TECHNOLOGY S A | SPOT | 0.3% |
| MASTERCARD INC-CLASS A | MA | 0.2% |
| AMPHENOL CORP | APH | 0.2% |
| HILTON WORLDWIDE | HLT | 0.2% |
| KKR & CO INC | KKR | 0.1% |
| BOOKING HLDGS INC | BKNG | 0.1% |
| BOSTON SCIENTIFIC CORP | BSX | 0.1% |
Net Portfolio Value ChangeQ2 2026
- $12.5BPrior quarter
- $16.4BCurrent quarter
- +$3.8BNet delta
- +30.4%% change
Methodology & FAQ
How LONE PINE CAPITAL LLC Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for LONE PINE CAPITAL LLC: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did LONE PINE CAPITAL LLC buy in Q2 2026?
In Q2 2026, LONE PINE CAPITAL LLC initiated 13 new positions (NEBIUS GROUP N.V. (NBIS), SEAGATE TECHNOLOGY HLDNGS PL (STX), HOME DEPOT INC (HD), APPLIED MATERIALS INC (AMAT), LINDE PLC (LIN), TTM TECHNOLOGIES INC (TTMI), STERLING INFRASTRUCTURE INC (STRL), ON HLDG AG (ONON), BITDEER TECHNOLOGIES GROUP (BTDR), SHARONAI HOLDINGS INC (SHAZ), KODIAK GAS SVCS INC (KGS), INTERACTIVE BROKERS GROUP IN (IBKR), SEA LTD (SE)); bought more shares of CARVANA CO (CVNA), VISA INC-CLASS A SHRS (V), MEDLINE INC (MDLN), PERFORMANCE FOOD GROUP CO (PFGC), US FOODS HLDG CORP (USFD) (the largest 5 of 8 adds).
What stocks did LONE PINE CAPITAL LLC sell in Q2 2026?
In Q2 2026, LONE PINE CAPITAL LLC fully sold 15 positions (VISTRA CORP (VST), TALEN ENERGY CORP (TLN), CLEAN HARBORS INC (CLH), TENET HEALTHCARE CORP (THC), CAPITAL ONE FINL CORP (COF), ENTEGRIS INC (ENTG), CIENA CORP (CIEN), VULCAN MATLS CO (VMC), SPOTIFY TECHNOLOGY S A (SPOT), MASTERCARD INC-CLASS A (MA), AMPHENOL CORP (APH), HILTON WORLDWIDE (HLT), KKR & CO INC (KKR), BOOKING HLDGS INC (BKNG), BOSTON SCIENTIFIC CORP (BSX)); reduced holdings in BROOKFIELD CORP (BN), TAIWAN SEMICONDUCTOR MANUFAC (TSM), MCKESSON CORP (MCK), CARPENTER TECHNOLOGY CORP (CRS), LPL FINL HLDGS INC (LPLA) (the largest 5 of 13 reductions).
Which positions did LONE PINE CAPITAL LLC initiate in Q2 2026?
LONE PINE CAPITAL LLC established 13 new positions in Q2 2026: NEBIUS GROUP N.V. (NBIS, 7.2%), SEAGATE TECHNOLOGY HLDNGS PL (STX, 5.9%), HOME DEPOT INC (HD, 5.6%), APPLIED MATERIALS INC (AMAT, 5.3%), LINDE PLC (LIN, 4.9%), TTM TECHNOLOGIES INC (TTMI, 3.1%), STERLING INFRASTRUCTURE INC (STRL, 3.1%), ON HLDG AG (ONON, 2.9%), BITDEER TECHNOLOGIES GROUP (BTDR, 0.7%), SHARONAI HOLDINGS INC (SHAZ, 0.6%), KODIAK GAS SVCS INC (KGS, 0.4%), INTERACTIVE BROKERS GROUP IN (IBKR, 0.3%), SEA LTD (SE, 0.3%).
Which existing positions saw the largest allocation increases for LONE PINE CAPITAL LLC in Q2 2026?
Of 8 existing positions with share-count increases in Q2 2026, the largest were: CARVANA CO (CVNA, +-0.2% weight, +499.6% shares), VISA INC-CLASS A SHRS (V, +0.1% weight, +78.9% shares), MEDLINE INC (MDLN, +0.9% weight, +77.9% shares), PERFORMANCE FOOD GROUP CO (PFGC, +1.3% weight, +47.1% shares), US FOODS HLDG CORP (USFD, +0.3% weight, +29.5% shares), NU HLDGS LTD (NU, +-0.5% weight, +24.2% shares), TERAWULF INC (WULF, +1.4% weight, +21.2% shares), ALPHABET INC-CL A (GOOGL, +0.0% weight, +14.9% shares).
Which positions did LONE PINE CAPITAL LLC fully exit in Q2 2026?
LONE PINE CAPITAL LLC fully exited 15 positions in Q2 2026: VISTRA CORP (VST, last-reported weight 7.4%), TALEN ENERGY CORP (TLN, last-reported weight 4.6%), CLEAN HARBORS INC (CLH, last-reported weight 4.0%), TENET HEALTHCARE CORP (THC, last-reported weight 3.4%), CAPITAL ONE FINL CORP (COF, last-reported weight 3.3%), ENTEGRIS INC (ENTG, last-reported weight 2.9%), CIENA CORP (CIEN, last-reported weight 2.5%), VULCAN MATLS CO (VMC, last-reported weight 0.3%), SPOTIFY TECHNOLOGY S A (SPOT, last-reported weight 0.3%), MASTERCARD INC-CLASS A (MA, last-reported weight 0.2%), AMPHENOL CORP (APH, last-reported weight 0.2%), HILTON WORLDWIDE (HLT, last-reported weight 0.2%), KKR & CO INC (KKR, last-reported weight 0.1%), BOOKING HLDGS INC (BKNG, last-reported weight 0.1%), BOSTON SCIENTIFIC CORP (BSX, last-reported weight 0.1%).
Which existing positions saw the largest allocation reductions for LONE PINE CAPITAL LLC in Q2 2026?
Of 13 existing positions with share-count reductions in Q2 2026, the largest were: BROOKFIELD CORP (BN, -3.4% weight, -92.9% shares), TAIWAN SEMICONDUCTOR MANUFAC (TSM, -3.4% weight, -92.7% shares), MCKESSON CORP (MCK, -2.4% weight, -85.3% shares), CARPENTER TECHNOLOGY CORP (CRS, -2.1% weight, -47.0% shares), LPL FINL HLDGS INC (LPLA, -2.8% weight, -40.5% shares), APPLOVIN CORP (APP, -1.4% weight, -28.9% shares), CORNING INC (GLW, 0.2% weight, -26.6% shares), TERADYNE INC (TER, -0.0% weight, -20.3% shares), TRANSDIGM GROUP INC (TDG, -0.1% weight, -20.0% shares), ASML HLDG NV (ASML, 0.0% weight, -13.1% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.