Lone Pine Capital LLC filed Q1 2026 13F: VST leads a $12.5B portfolio

Filed: 2026-05-15 · Report date: 2026-03-31 · Form: 13F-HR

Source: SEC EDGAR filing

Portfolio overview

Portfolio value: $12.5B
Holdings: 36
Previous quarter: 2025-12-31

Top 5 holdings

VST — $930.2M (7.4%)
ASML — $865.3M (6.9%)
CRS — $716.5M (5.7%)
LPLA — $616.7M (4.9%)
APP — $583M (4.6%)

New positions

TER — $555.2M (4.4%)
GLW — $505.6M (4.0%)
MTZ — $492.6M (3.9%)
USFD — $350M (2.8%)
PFGC — $340.8M (2.7%)

Exits

AVGO — last seen at $598.8M
MSFT — last seen at $596.8M
DASH — last seen at $573M
AMZN — last seen at $557.3M
PM — last seen at $424M

Biggest adds

CRS — +$303.2M (now $716.5M)
ASML — +$218.1M (now $865.3M)
CLH — +$180.1M (now $503.2M)

Biggest trims

KKR — -$621M (now $16.6M)
TSM — -$458M (now $469.6M)
VULCAN MATLS CO — -$441M (now $39.3M)

Methodology note

13F filings are public quarterly disclosures with up to a 45-day lag from quarter-end. Numbers here reflect the manager's disclosed long US equity positions only; they are not a real-time portfolio, do not include derivatives or short positions, and are not actual fund NAV. Not investment advice.

Full case file: https://worldsmartmoney.com/manager/lone-pine

This article: https://worldsmartmoney.com/news/lone-pine-2026-03-31-003439

English thread

Tweet 1/5 · 159 chars

Lone Pine Capital LLC filed Q1 2026 13F.

Portfolio: $12.5B (36 holdings)
Top: VST $930.2M (7.4%)

https://worldsmartmoney.com/news/lone-pine-2026-03-31-003439

Tweet 2/5 · 126 chars

Top 5 holdings:

1. VST $930.2M (7.4%)
2. ASML $865.3M (6.9%)
3. CRS $716.5M (5.7%)
4. LPLA $616.7M (4.9%)
5. APP $583M (4.6%)

Tweet 3/5 · 96 chars

Position changes from 2025-12-31:

🆕 New: TER, GLW, MTZ, USFD
🚪 Exited: AVGO, MSFT, DASH, AMZN

Tweet 4/5 · 132 chars

📈 Biggest adds:
  CRS +$303.2M
  ASML +$218.1M
  CLH +$180.1M

📉 Biggest trims:
  KKR -$621M
  TSM -$458M
  VULCAN MATLS CO -$441M

Tweet 5/5 · 240 chars

Source: SEC 13F (≤45-day disclosure lag, not real-time, not fund NAV).

SEC: https://www.sec.gov/Archives/edgar/data/1061165/000091957426003439/0000919574-26-003439-index.htm
WSM: https://worldsmartmoney.com/news/lone-pine-2026-03-31-003439

Chinese thread

Tweet 1/5 · 140 chars

Lone Pine Capital LLC 更新 2026 Q1 13F

组合：$12.5B（36 只持仓）
第一持仓：VST $930.2M（7.4%）

https://worldsmartmoney.com/news/lone-pine-2026-03-31-003439

Tweet 2/5 · 114 chars

前 5 大持仓：

1. VST $930.2M（7.4%）
2. ASML $865.3M（6.9%）
3. CRS $716.5M（5.7%）
4. LPLA $616.7M（4.9%）
5. APP $583M（4.6%）

Tweet 3/5 · 69 chars

相比 2025-12-31 的变化：

🆕 新建仓：TER、GLW、MTZ、USFD
🚪 清仓：AVGO、MSFT、DASH、AMZN

Tweet 4/5 · 115 chars

📈 加仓最多：
  CRS +$303.2M
  ASML +$218.1M
  CLH +$180.1M

📉 减仓最多：
  KKR -$621M
  TSM -$458M
  VULCAN MATLS CO -$441M

Tweet 5/5 · 209 chars

来源：SEC 13F（最多滞后 45 天公开，非实时，不代表基金净值）

SEC 原文：https://www.sec.gov/Archives/edgar/data/1061165/000091957426003439/0000919574-26-003439-index.htm
WSM 解读：https://worldsmartmoney.com/news/lone-pine-2026-03-31-003439

13F is a quarterly disclosure with up to 45-day lag. Not real-time, not fund NAV, not investment advice.