Lone Pine Capital LLC
Lone Pine Capital LLC is a leading hedge fund and investment adviser headquartered in Greenwich, Connecticut, with offices in London, New York City, and San Francisco. Founded in 1997 by Stephen Mandel, Lone Pine is renowned as a 'Tiger Cub' due to Mandel's roots at Tiger Management. The firm is research-driven, specializing in long/short equity strategies and investing in both public and private equities across sectors such as technology, healthcare, consumer goods, and financial services. Lone Pine is known for its collaborative team culture, rigorous research process, and commitment to innovation in investment management. As of 2024, the firm employs approximately 50-100 people and manages significant assets globally, serving institutional investors, endowments, and pensions.
Investment Strategy
Lone Pine Capital employs a research-driven, fundamental equity investment strategy focused on long-term capital appreciation. The firm integrates sector and industry research across geographies to gain a holistic understanding of investment opportunities, aiming for high-conviction, concentrated positions primarily in North America and Europe, with up to 25% in emerging markets. Lone Pine combines a long/short equity approach, running both concentrated long-only and diversified short portfolios, and selectively pursues non-control private investments in innovative sectors such as software, fintech, healthcare, and consumer. The iterative research process emphasizes continuous learning, disciplined underwriting, and risk management in pursuit of outsized outcomes for clients.
Top Holdings
Equity Positions (22)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
V VST | VISTRA CORP | 8.92% | $1.25B | 6,469,719 | $107.48 | $193.81 | +$713.1M |
M META | META PLATFORMS INC | 8.75% | $1.23B | 1,665,017 | $388.22 | $738.09 | +$215.7M |
A AMZN | AMAZON COM INC | 7.86% | $1.10B | 5,033,556 | $150.78 | $219.39 | +$276.2M |
M MSFT | MICROSOFT CORP | 6.57% | $922.6M | 1,854,856 | $216.51 | $497.41 | +$186.7M |
T TSM | TAIWAN SEMICONDUCTOR MFG LTD | 5.54% | $778.2M | 3,435,920 | $97.63 | $226.49 | +$136.5M |
Options Positions (2)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
C CVNA | CARVANA CO | — | Call | $129.2M | 3,835 | $336.96 | $209.08 | 0 | +$49.0M |
A APP | APPLOVIN CORP | — | Call | $110.5M | 3,156 | $350.08 | $264.97 | 0 | +$26.9M |
Industry Allocation
Team (11)
| Name | Role | Location | |
|---|---|---|---|
G Gabriela Mihalov | Managing Director, Human Resources and Facilities | New York, NY , United States | |
 | Managing Director, Trading | Greenwich, CT , United States | |
 | Managing Director | New York, NY , United States | |
L Lu Li | Managing Director, Analyst | Greenwich, CT , United States | |
 | Managing Director, CTO, CISO | New York, NY , United States | |
 | Managing Director, CFO | New York, NY , United States | |
R Ryan Wesley | Senior Associate Director, Business Analyst | Greenwich, CT , United States | |
 | Managing Director, Human Resources and Facilities | Greenwich, CT , United States | |
 | Associate Business Analyst | New York, NY , United States | |
L Leslie Dahl | Managing Director | Greenwich, CT , United States |