Must-know update: Lone Pine Capital’s positions in 1Q 2014



Lone Pine Capital

Stephen Mandel’s Lone Pine Capital, based in Greenwich, Connecticut, filed its 13F last month. The size of Lone Pine’s U.S. long portfolio saw a slight decrease from $23.2 billion in 4Q 2013 to $23 billion in 1Q 2014. The table below outlines the main positions the fund traded during the quarter.

Lone Pine 1Q

Lone Pine initiated new positions in Actavis PLC (ACT), LPL Financial Holdings (LPLA), Adobe Systems Inc. (ADBE), Equinix Inc. (EQIX), and Jazz Pharmaceuticals PLC (JAZZ). Top positions the fund sold were Dollar Tree Inc. (DLTR) and American Express Co. (AXP). The table below outlines Lone Pine’s top ten holdings in 1Q 2014.

Lone Pine top 10

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