Lone Pine Capital LLC

Period:: Q1 2026
Portfolio date:: Mar 31, 2026
No. of stocks:: 36
Portfolio value:: $12,543,848,000
Filed:: May 15, 2026
CIK:: 1061165

Hist	Stock	Activity	Share change	% change to portfolio
Q1 2026filed May 15, 2611 new12 added8 reduced7 exited
≡	KKR – KKR & CO INC	Reduce 96.00%	−4,821,777	−4.55
≡	AVGO – BROADCOM INC	Sell	−1,730,216	−4.40
≡	MSFT – MICROSOFT CORP	Sell	−1,234,125	−4.38
≡	DASH – DOORDASH INC	Sell	−2,529,879	−4.21
≡	AMZN – AMAZON COM INC	Sell	−2,414,520	−4.09
≡	VMC – VULCAN MATLS CO	Reduce 91.00%	−1,539,753	−3.22
≡	PM – PHILIP MORRIS INTL INC	Sell	−2,643,579	−3.12
≡	TSM – TAIWAN SEMICONDUCTOR MANUFAC	Reduce 54.00%	−1,662,870	−3.07
≡	WING – WINGSTOP INC	Sell	−1,595,258	−2.80
≡	APH – AMPHENOL CORP	Reduce 92.00%	−2,586,689	−2.57
≡	AFRM – AFFIRM HLDGS INC	Sell	−3,817,170	−2.09
≡	BN – BROOKFIELD CORP	Reduce 30.00%	−4,714,391	−1.75
≡	MA – MASTERCARD INCORPORATED	Reduce 41.00%	−39,137	−0.18
≡	BKNG – BOOKING HOLDINGS INC	Reduce 48.00%	−2,225	−0.10
≡	BSX – BOSTON SCIENTIFIC CORP	Reduce 48.00%	−97,048	−0.09
Q4 2025filed Feb 17, 2614 new8 added7 reduced7 exited
≡	META – META PLATFORMS INC	Sell	−1,322,260	−7.07
≡	SBUX – STARBUCKS CORP	Sell	−5,561,954	−3.42
≡	EQT – EQT CORP	Sell	−8,361,889	−3.31
≡	FLUT – FLUTTER ENTMT PLC	Sell	−1,733,336	−3.20
≡	SE – SEA LTD	Sell	−1,869,501	−2.43
≡	PM – PHILIP MORRIS INTL INC	Reduce 43.00%	−1,970,864	−2.33
≡	CIEN – CIENA CORP	Sell	−2,006,662	−2.13
≡	APP – APPLOVIN CORP	Reduce 30.00%	−328,608	−1.94
≡	ETSY – ETSY INC	Sell	−3,880,316	−1.87
≡	BKNG – BOOKING HOLDINGS INC	Reduce 85.00%	−26,521	−1.04
≡	AMZN – AMAZON COM INC	Reduce 14.00%	−397,408	−0.40
≡	COF – CAPITAL ONE FINL CORP	Reduce 11.00%	−274,600	0.11
≡	APH – AMPHENOL CORP NEW	Reduce 7.00%	−213,458	0.07
≡	LPLA – LPL FINL HLDGS INC	Reduce 8.00%	−180,766	−0.02
Q3 2025filed Nov 14, 258 new6 added10 reduced5 exited
≡	INTU – INTUIT	Sell	−771,666	−4.33
≡	UNH – UNITEDHEALTH GROUP INC	Sell	−1,693,347	−3.76
≡	CRM – SALESFORCE INC	Sell	−1,863,179	−3.62
≡	AMZN – AMAZON COM INC	Reduce 44.00%	−2,221,628	−3.37
≡	ASML – ASML HOLDING N V	Sell	−566,862	−3.23
≡	APP – APPLOVIN CORP	Reduce 12.00%	−152,196	2.66
≡	WIX – WIX COM LTD	Sell	−2,161,331	−2.44
≡	VST – VISTRA CORP	Reduce 27.00%	−1,770,478	−2.22
≡	MSFT – MICROSOFT CORP	Reduce 35.00%	−646,251	−2.01
≡	META – META PLATFORMS INC	Reduce 21.00%	−342,757	−1.68
≡	BKNG – BOOKING HOLDINGS INC	Reduce 48.00%	−28,821	−1.25
≡	KKR – KKR & CO INC	Reduce 22.00%	−1,141,208	−1.09
≡	COF – CAPITAL ONE FINL CORP	Reduce 17.00%	−511,142	−0.69
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 11.00%	−383,520	0.66
≡	FLUT – FLUTTER ENTMT PLC	Reduce 7.00%	−129,428	−0.58
Q2 2025filed Aug 14, 255 new6 added7 reduced5 exited
≡	LLY – ELI LILLY & CO	Sell	−551,827	−3.94
≡	TOL – TOLL BROTHERS INC	Sell	−3,800,580	−3.47
≡	INTU – INTUIT	Reduce 45.00%	−632,136	−3.12
≡	APPCALL – APPLOVIN CORP	Reduce 80.00%	−1,278,328	−2.86
≡	CDNS – CADENCE DESIGN SYSTEM INC	Sell	−1,218,389	−2.68
≡	ARES – ARES MANAGEMENT CORPORATION	Sell	−1,604,441	−2.03
≡	SBUX – STARBUCKS CORP	Reduce 16.00%	−1,045,934	−1.97
≡	WING – WINGSTOP INC	Sell	−449,056	−0.87
≡	PM – PHILIP MORRIS INTL INC	Reduce 8.00%	−250,848	−0.55
≡	APPCALL – APPLOVIN CORP	Reduce 21.00%	−332,594	−0.51
≡	FLUT – FLUTTER ENTMT PLC	Reduce 16.00%	−357,132	−0.46
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 11.00%	−429,461	−0.00
Q1 2025filed May 15, 251 added1 reduced
≡	APPCALL – APPLOVIN CORP	Reduce 80.00%	−1,278,328	−2.93
Q1 2025filed May 15, 255 new8 added6 reduced12 exited
≡	PTC – PTC INC	Sell	−2,326,231	−3.18
≡	SPOT – SPOTIFY TECHNOLOGY S A	Sell	−913,564	−3.04
≡	WDAY – WORKDAY INC	Sell	−1,543,464	−2.96
≡	CEG – CONSTELLATION ENERGY CORP	Sell	−1,737,526	−2.89
≡	HWM – HOWMET AEROSPACE INC	Sell	−3,061,707	−2.49
≡	XYZ – BLOCK INC	Sell	−3,765,793	−2.38
≡	APPCALL – APPLOVIN CORP	Reduce 71.00%	−769,513	−1.89
≡	LEN – LENNAR CORP	Sell	−1,717,903	−1.74
≡	PM – PHILIP MORRIS INTL INC	Reduce 53.00%	−3,459,830	−1.66
≡	VST – VISTRA CORP	Reduce 14.00%	−748,177	−0.81
≡	LLY – ELI LILLY & CO	Reduce 30.00%	−231,033	−0.55
≡	LPLA – LPL FINL HLDGS INC	Reduce 8.00%	−158,733	0.32
≡	BTDR – BITDEER TECHNOLOGIES GROUP	Sell	−986,717	−0.16
≡	HUT – HUT 8 CORP	Sell	−692,839	−0.11
≡	META – META PLATFORMS INC	Reduce 14.00%	−278,868	−0.11
≡	CIFR – CIPHER MINING INC	Sell	−2,344,380	−0.08
≡	WULF – TERAWULF INC	Sell	−1,480,928	−0.06
≡	IREN – IREN LIMITED	Sell	−711,839	−0.05
Q4 2024filed Feb 14, 254 new5 added17 reduced3 exited
≡	UNH – UNITEDHEALTH GROUP INC	Sell	−821,880	−3.58
≡	BKNG – BOOKING HOLDINGS INC	Sell	−76,414	−2.40
≡	LEN – LENNAR CORP	Reduce 41.00%	−1,209,751	−2.35
≡	GEV – GE VERNOVA INC	Sell	−1,156,011	−2.20
≡	CEG – CONSTELLATION ENERGY CORP	Reduce 27.00%	−656,705	−1.76
≡	XYZ – BLOCK INC	Reduce 51.00%	−3,904,730	−1.46
≡	AMZN – AMAZON COM INC	Reduce 31.00%	−1,693,233	−1.45
≡	SPOT – SPOTIFY TECHNOLOGY S A	Reduce 41.00%	−638,965	−1.23
≡	ASML – ASML HOLDING N V	Reduce 20.00%	−109,547	−1.15
≡	CRM – SALESFORCE INC	Reduce 33.00%	−772,637	−0.89
≡	LPLA – LPL FINL HLDGS INC	Reduce 12.00%	−257,389	0.88
≡	VST – VISTRA CORP	Reduce 21.00%	−1,453,326	−0.54
≡	APP – APPLOVIN CORP	Reduce 54.00%	−1,284,753	0.30
≡	PTC – PTC INC	Reduce 9.00%	−221,968	−0.26
≡	ARES – ARES MANAGEMENT CORPORATION	Reduce 18.00%	−374,773	−0.18
≡	BTDR – BITDEER TECHNOLOGIES GROUP	Reduce 24.00%	−311,248	0.08
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 11.00%	−452,417	0.06
≡	WULF – TERAWULF INC	Reduce 52.00%	−1,586,868	−0.04
≡	KKR – KKR & CO INC	Reduce 10.00%	−474,587	0.04
≡	HUT – HUT 8 CORP	Reduce 44.00%	−539,913	−0.01
Q3 2024filed Nov 14, 249 new5 added11 reduced4 exited
≡	MA – MASTERCARD INCORPORATED	Sell	−1,043,557	−3.73
≡	BBWI – BATH & BODY WORKS INC	Sell	−11,315,515	−3.58
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 30.00%	−1,789,337	−3.00
≡	MCK – MCKESSON CORP	Sell	−560,936	−2.66
≡	MSFT – MICROSOFT CORP	Reduce 18.00%	−364,426	−2.01
≡	APP – APPLOVIN CORP	Reduce 58.00%	−3,332,572	−1.54
≡	ASML – ASML HOLDING N V	Reduce 6.00%	−36,578	−1.45
≡	PM – PHILIP MORRIS INTL INC	Reduce 33.00%	−2,190,473	−1.43
≡	KKR – KKR & CO INC	Reduce 29.00%	−1,862,776	−1.05
≡	BKNG – BOOKING HOLDINGS INC	Reduce 27.00%	−28,763	−0.98
≡	AVDX – AVIDXCHANGE HOLDINGS INC	Sell	−5,078,341	−0.50
≡	UNH – UNITEDHEALTH GROUP INC	Reduce 13.00%	−122,437	−0.32
≡	GEV – GE VERNOVA INC	Reduce 22.00%	−320,997	0.14
≡	SPOT – SPOTIFY TECHNOLOGY S A	Reduce 8.00%	−134,886	−0.03
≡	HWM – HOWMET AEROSPACE INC	Reduce 16.00%	−603,614	−0.02
Q2 2024filed Aug 14, 244 new7 added3 reduced6 exited
≡	CRM – SALESFORCE INC	Sell	−2,400,267	−5.71
≡	WDAY – WORKDAY INC	Sell	−1,414,824	−3.05
≡	LYV – LIVE NATION ENTERTAINMENT IN	Sell	−3,217,551	−2.69
≡	META – META PLATFORMS INC	Reduce 35.00%	−743,380	−2.49
≡	DKS – DICKS SPORTING GOODS INC	Sell	−1,198,897	−2.13
≡	EPAM – EPAM SYS INC	Sell	−929,917	−2.03
≡	IBN – ICICI BANK LIMITED	Sell	−9,642,665	−2.01
≡	PTC – PTC INC	Reduce 14.00%	−419,759	−0.67
≡	KKR – KKR & CO INC	Reduce 9.00%	−606,614	−0.10
Q1 2024filed May 15, 245 new6 added11 reduced4 exited
≡	UNH – UNITEDHEALTH GROUP INC	Sell	−891,167	−4.06
≡	HDB – HDFC BANK LTD	Sell	−4,643,541	−2.70
≡	BX – BLACKSTONE INC	Sell	−2,219,023	−2.51
≡	GE – GENERAL ELECTRIC CO	Sell	−2,103,885	−2.32
≡	BKNG – BOOKING HOLDINGS INC	Reduce 32.00%	−48,207	−1.69
≡	DKS – DICKS SPORTING GOODS INC	Reduce 59.00%	−1,724,013	−1.59
≡	MA – MASTERCARD INCORPORATED	Reduce 38.00%	−420,366	−1.48
≡	AMZN – AMAZON COM INC	Reduce 18.00%	−971,308	−0.79
≡	WDAY – WORKDAY INC	Reduce 9.00%	−133,046	−0.65
≡	META – META PLATFORMS INC	Reduce 26.00%	−735,911	−0.61
≡	IBN – ICICI BANK LIMITED	Reduce 20.00%	−2,399,598	−0.47
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 11.00%	−775,400	0.38
≡	PTC – PTC INC	Reduce 6.00%	−198,505	−0.37
≡	LPLA – LPL FINL HLDGS INC	Reduce 8.00%	−155,044	−0.11
≡	BBWI – BATH & BODY WORKS INC	Reduce 7.00%	−680,756	−0.05
Q4 2023filed Feb 14, 244 new3 added5 reduced5 exited
≡	GOOGL – ALPHABET INC	Sell	−3,113,001	−3.93
≡	TDG – TRANSDIGM GROUP INC	Sell	−436,740	−3.55
≡	BILL – BILL HOLDINGS INC	Sell	−2,546,689	−2.67
≡	MA – MASTERCARD INCORPORATED	Reduce 37.00%	−645,552	−2.60
≡	SGI – TEMPUR SEALY INTL INC	Sell	−4,771,772	−1.99
≡	FND – FLOOR & DECOR HLDGS INC	Sell	−2,160,808	−1.89
≡	WDAY – WORKDAY INC	Reduce 40.00%	−1,031,749	−1.65
≡	EPAM – EPAM SYS INC	Reduce 19.00%	−203,969	−0.41
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 11.00%	−852,228	−0.28
≡	LYV – LIVE NATION ENTERTAINMENT IN	Reduce 10.00%	−368,181	−0.26

Hist	Stock	Activity	Share change	% change to portfolio
Q1 2026filed May 15, 2611 new12 added8 reduced7 exited
≡	KKR – KKR & CO INC	Reduce 96.00%	−4,821,777	−4.55
≡	AVGO – BROADCOM INC	Sell	−1,730,216	−4.40
≡	MSFT – MICROSOFT CORP	Sell	−1,234,125	−4.38
≡	DASH – DOORDASH INC	Sell	−2,529,879	−4.21
≡	AMZN – AMAZON COM INC	Sell	−2,414,520	−4.09
≡	VMC – VULCAN MATLS CO	Reduce 91.00%	−1,539,753	−3.22
≡	PM – PHILIP MORRIS INTL INC	Sell	−2,643,579	−3.12
≡	TSM – TAIWAN SEMICONDUCTOR MANUFAC	Reduce 54.00%	−1,662,870	−3.07
≡	WING – WINGSTOP INC	Sell	−1,595,258	−2.80
≡	APH – AMPHENOL CORP	Reduce 92.00%	−2,586,689	−2.57
≡	AFRM – AFFIRM HLDGS INC	Sell	−3,817,170	−2.09
≡	BN – BROOKFIELD CORP	Reduce 30.00%	−4,714,391	−1.75
≡	MA – MASTERCARD INCORPORATED	Reduce 41.00%	−39,137	−0.18
≡	BKNG – BOOKING HOLDINGS INC	Reduce 48.00%	−2,225	−0.10
≡	BSX – BOSTON SCIENTIFIC CORP	Reduce 48.00%	−97,048	−0.09
Q4 2025filed Feb 17, 2614 new8 added7 reduced7 exited
≡	META – META PLATFORMS INC	Sell	−1,322,260	−7.07
≡	SBUX – STARBUCKS CORP	Sell	−5,561,954	−3.42
≡	EQT – EQT CORP	Sell	−8,361,889	−3.31
≡	FLUT – FLUTTER ENTMT PLC	Sell	−1,733,336	−3.20
≡	SE – SEA LTD	Sell	−1,869,501	−2.43
≡	PM – PHILIP MORRIS INTL INC	Reduce 43.00%	−1,970,864	−2.33
≡	CIEN – CIENA CORP	Sell	−2,006,662	−2.13
≡	APP – APPLOVIN CORP	Reduce 30.00%	−328,608	−1.94
≡	ETSY – ETSY INC	Sell	−3,880,316	−1.87
≡	BKNG – BOOKING HOLDINGS INC	Reduce 85.00%	−26,521	−1.04
≡	AMZN – AMAZON COM INC	Reduce 14.00%	−397,408	−0.40
≡	COF – CAPITAL ONE FINL CORP	Reduce 11.00%	−274,600	0.11
≡	APH – AMPHENOL CORP NEW	Reduce 7.00%	−213,458	0.07
≡	LPLA – LPL FINL HLDGS INC	Reduce 8.00%	−180,766	−0.02
Q3 2025filed Nov 14, 258 new6 added10 reduced5 exited
≡	INTU – INTUIT	Sell	−771,666	−4.33
≡	UNH – UNITEDHEALTH GROUP INC	Sell	−1,693,347	−3.76
≡	CRM – SALESFORCE INC	Sell	−1,863,179	−3.62
≡	AMZN – AMAZON COM INC	Reduce 44.00%	−2,221,628	−3.37
≡	ASML – ASML HOLDING N V	Sell	−566,862	−3.23
≡	APP – APPLOVIN CORP	Reduce 12.00%	−152,196	2.66
≡	WIX – WIX COM LTD	Sell	−2,161,331	−2.44
≡	VST – VISTRA CORP	Reduce 27.00%	−1,770,478	−2.22
≡	MSFT – MICROSOFT CORP	Reduce 35.00%	−646,251	−2.01
≡	META – META PLATFORMS INC	Reduce 21.00%	−342,757	−1.68
≡	BKNG – BOOKING HOLDINGS INC	Reduce 48.00%	−28,821	−1.25
≡	KKR – KKR & CO INC	Reduce 22.00%	−1,141,208	−1.09
≡	COF – CAPITAL ONE FINL CORP	Reduce 17.00%	−511,142	−0.69
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 11.00%	−383,520	0.66
≡	FLUT – FLUTTER ENTMT PLC	Reduce 7.00%	−129,428	−0.58
Q2 2025filed Aug 14, 255 new6 added7 reduced5 exited
≡	LLY – ELI LILLY & CO	Sell	−551,827	−3.94
≡	TOL – TOLL BROTHERS INC	Sell	−3,800,580	−3.47
≡	INTU – INTUIT	Reduce 45.00%	−632,136	−3.12
≡	APPCALL – APPLOVIN CORP	Reduce 80.00%	−1,278,328	−2.86
≡	CDNS – CADENCE DESIGN SYSTEM INC	Sell	−1,218,389	−2.68
≡	ARES – ARES MANAGEMENT CORPORATION	Sell	−1,604,441	−2.03
≡	SBUX – STARBUCKS CORP	Reduce 16.00%	−1,045,934	−1.97
≡	WING – WINGSTOP INC	Sell	−449,056	−0.87
≡	PM – PHILIP MORRIS INTL INC	Reduce 8.00%	−250,848	−0.55
≡	APPCALL – APPLOVIN CORP	Reduce 21.00%	−332,594	−0.51
≡	FLUT – FLUTTER ENTMT PLC	Reduce 16.00%	−357,132	−0.46
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 11.00%	−429,461	−0.00
Q1 2025filed May 15, 251 added1 reduced
≡	APPCALL – APPLOVIN CORP	Reduce 80.00%	−1,278,328	−2.93
Q1 2025filed May 15, 255 new8 added6 reduced12 exited
≡	PTC – PTC INC	Sell	−2,326,231	−3.18
≡	SPOT – SPOTIFY TECHNOLOGY S A	Sell	−913,564	−3.04
≡	WDAY – WORKDAY INC	Sell	−1,543,464	−2.96
≡	CEG – CONSTELLATION ENERGY CORP	Sell	−1,737,526	−2.89
≡	HWM – HOWMET AEROSPACE INC	Sell	−3,061,707	−2.49
≡	XYZ – BLOCK INC	Sell	−3,765,793	−2.38
≡	APPCALL – APPLOVIN CORP	Reduce 71.00%	−769,513	−1.89
≡	LEN – LENNAR CORP	Sell	−1,717,903	−1.74
≡	PM – PHILIP MORRIS INTL INC	Reduce 53.00%	−3,459,830	−1.66
≡	VST – VISTRA CORP	Reduce 14.00%	−748,177	−0.81
≡	LLY – ELI LILLY & CO	Reduce 30.00%	−231,033	−0.55
≡	LPLA – LPL FINL HLDGS INC	Reduce 8.00%	−158,733	0.32
≡	BTDR – BITDEER TECHNOLOGIES GROUP	Sell	−986,717	−0.16
≡	HUT – HUT 8 CORP	Sell	−692,839	−0.11
≡	META – META PLATFORMS INC	Reduce 14.00%	−278,868	−0.11
≡	CIFR – CIPHER MINING INC	Sell	−2,344,380	−0.08
≡	WULF – TERAWULF INC	Sell	−1,480,928	−0.06
≡	IREN – IREN LIMITED	Sell	−711,839	−0.05
Q4 2024filed Feb 14, 254 new5 added17 reduced3 exited
≡	UNH – UNITEDHEALTH GROUP INC	Sell	−821,880	−3.58
≡	BKNG – BOOKING HOLDINGS INC	Sell	−76,414	−2.40
≡	LEN – LENNAR CORP	Reduce 41.00%	−1,209,751	−2.35
≡	GEV – GE VERNOVA INC	Sell	−1,156,011	−2.20
≡	CEG – CONSTELLATION ENERGY CORP	Reduce 27.00%	−656,705	−1.76
≡	XYZ – BLOCK INC	Reduce 51.00%	−3,904,730	−1.46
≡	AMZN – AMAZON COM INC	Reduce 31.00%	−1,693,233	−1.45
≡	SPOT – SPOTIFY TECHNOLOGY S A	Reduce 41.00%	−638,965	−1.23
≡	ASML – ASML HOLDING N V	Reduce 20.00%	−109,547	−1.15
≡	CRM – SALESFORCE INC	Reduce 33.00%	−772,637	−0.89
≡	LPLA – LPL FINL HLDGS INC	Reduce 12.00%	−257,389	0.88
≡	VST – VISTRA CORP	Reduce 21.00%	−1,453,326	−0.54
≡	APP – APPLOVIN CORP	Reduce 54.00%	−1,284,753	0.30
≡	PTC – PTC INC	Reduce 9.00%	−221,968	−0.26
≡	ARES – ARES MANAGEMENT CORPORATION	Reduce 18.00%	−374,773	−0.18
≡	BTDR – BITDEER TECHNOLOGIES GROUP	Reduce 24.00%	−311,248	0.08
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 11.00%	−452,417	0.06
≡	WULF – TERAWULF INC	Reduce 52.00%	−1,586,868	−0.04
≡	KKR – KKR & CO INC	Reduce 10.00%	−474,587	0.04
≡	HUT – HUT 8 CORP	Reduce 44.00%	−539,913	−0.01
Q3 2024filed Nov 14, 249 new5 added11 reduced4 exited
≡	MA – MASTERCARD INCORPORATED	Sell	−1,043,557	−3.73
≡	BBWI – BATH & BODY WORKS INC	Sell	−11,315,515	−3.58
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 30.00%	−1,789,337	−3.00
≡	MCK – MCKESSON CORP	Sell	−560,936	−2.66
≡	MSFT – MICROSOFT CORP	Reduce 18.00%	−364,426	−2.01
≡	APP – APPLOVIN CORP	Reduce 58.00%	−3,332,572	−1.54
≡	ASML – ASML HOLDING N V	Reduce 6.00%	−36,578	−1.45
≡	PM – PHILIP MORRIS INTL INC	Reduce 33.00%	−2,190,473	−1.43
≡	KKR – KKR & CO INC	Reduce 29.00%	−1,862,776	−1.05
≡	BKNG – BOOKING HOLDINGS INC	Reduce 27.00%	−28,763	−0.98
≡	AVDX – AVIDXCHANGE HOLDINGS INC	Sell	−5,078,341	−0.50
≡	UNH – UNITEDHEALTH GROUP INC	Reduce 13.00%	−122,437	−0.32
≡	GEV – GE VERNOVA INC	Reduce 22.00%	−320,997	0.14
≡	SPOT – SPOTIFY TECHNOLOGY S A	Reduce 8.00%	−134,886	−0.03
≡	HWM – HOWMET AEROSPACE INC	Reduce 16.00%	−603,614	−0.02
Q2 2024filed Aug 14, 244 new7 added3 reduced6 exited
≡	CRM – SALESFORCE INC	Sell	−2,400,267	−5.71
≡	WDAY – WORKDAY INC	Sell	−1,414,824	−3.05
≡	LYV – LIVE NATION ENTERTAINMENT IN	Sell	−3,217,551	−2.69
≡	META – META PLATFORMS INC	Reduce 35.00%	−743,380	−2.49
≡	DKS – DICKS SPORTING GOODS INC	Sell	−1,198,897	−2.13
≡	EPAM – EPAM SYS INC	Sell	−929,917	−2.03
≡	IBN – ICICI BANK LIMITED	Sell	−9,642,665	−2.01
≡	PTC – PTC INC	Reduce 14.00%	−419,759	−0.67
≡	KKR – KKR & CO INC	Reduce 9.00%	−606,614	−0.10
Q1 2024filed May 15, 245 new6 added11 reduced4 exited
≡	UNH – UNITEDHEALTH GROUP INC	Sell	−891,167	−4.06
≡	HDB – HDFC BANK LTD	Sell	−4,643,541	−2.70
≡	BX – BLACKSTONE INC	Sell	−2,219,023	−2.51
≡	GE – GENERAL ELECTRIC CO	Sell	−2,103,885	−2.32
≡	BKNG – BOOKING HOLDINGS INC	Reduce 32.00%	−48,207	−1.69
≡	DKS – DICKS SPORTING GOODS INC	Reduce 59.00%	−1,724,013	−1.59
≡	MA – MASTERCARD INCORPORATED	Reduce 38.00%	−420,366	−1.48
≡	AMZN – AMAZON COM INC	Reduce 18.00%	−971,308	−0.79
≡	WDAY – WORKDAY INC	Reduce 9.00%	−133,046	−0.65
≡	META – META PLATFORMS INC	Reduce 26.00%	−735,911	−0.61
≡	IBN – ICICI BANK LIMITED	Reduce 20.00%	−2,399,598	−0.47
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 11.00%	−775,400	0.38
≡	PTC – PTC INC	Reduce 6.00%	−198,505	−0.37
≡	LPLA – LPL FINL HLDGS INC	Reduce 8.00%	−155,044	−0.11
≡	BBWI – BATH & BODY WORKS INC	Reduce 7.00%	−680,756	−0.05
Q4 2023filed Feb 14, 244 new3 added5 reduced5 exited
≡	GOOGL – ALPHABET INC	Sell	−3,113,001	−3.93
≡	TDG – TRANSDIGM GROUP INC	Sell	−436,740	−3.55
≡	BILL – BILL HOLDINGS INC	Sell	−2,546,689	−2.67
≡	MA – MASTERCARD INCORPORATED	Reduce 37.00%	−645,552	−2.60
≡	SGI – TEMPUR SEALY INTL INC	Sell	−4,771,772	−1.99
≡	FND – FLOOR & DECOR HLDGS INC	Sell	−2,160,808	−1.89
≡	WDAY – WORKDAY INC	Reduce 40.00%	−1,031,749	−1.65
≡	EPAM – EPAM SYS INC	Reduce 19.00%	−203,969	−0.41
≡	TSM – TAIWAN SEMICONDUCTOR MFG LTD	Reduce 11.00%	−852,228	−0.28
≡	LYV – LIVE NATION ENTERTAINMENT IN	Reduce 10.00%	−368,181	−0.26

Hist

Stock

Activity

Share change

% change to portfolio

Q1 2026filed May 15, 2611 new12 added8 reduced7 exited

≡

KKR – KKR & CO INC

Reduce 96.00%

−4,821,777

−4.55

≡

AVGO – BROADCOM INC

Sell

−1,730,216

−4.40

≡

MSFT – MICROSOFT CORP

Sell

−1,234,125

−4.38

≡

DASH – DOORDASH INC

Sell

−2,529,879

−4.21

≡

AMZN – AMAZON COM INC

Sell

−2,414,520

−4.09

≡

VMC – VULCAN MATLS CO

Reduce 91.00%

−1,539,753

−3.22

≡

PM – PHILIP MORRIS INTL INC

Sell

−2,643,579

−3.12

≡

TSM – TAIWAN SEMICONDUCTOR MANUFAC

Reduce 54.00%

−1,662,870

−3.07

≡

WING – WINGSTOP INC

Sell

−1,595,258

−2.80

≡

APH – AMPHENOL CORP

Reduce 92.00%

−2,586,689

−2.57

≡

AFRM – AFFIRM HLDGS INC

Sell

−3,817,170

−2.09

≡

BN – BROOKFIELD CORP

Reduce 30.00%

−4,714,391

−1.75

≡

MA – MASTERCARD INCORPORATED

Reduce 41.00%

−39,137

−0.18

≡

BKNG – BOOKING HOLDINGS INC

Reduce 48.00%

−2,225

−0.10

≡

BSX – BOSTON SCIENTIFIC CORP

Reduce 48.00%

−97,048

−0.09

Q4 2025filed Feb 17, 2614 new8 added7 reduced7 exited

≡

META – META PLATFORMS INC

Sell

−1,322,260

−7.07

≡

SBUX – STARBUCKS CORP

Sell

−5,561,954

−3.42

≡

EQT – EQT CORP

Sell

−8,361,889

−3.31

≡

FLUT – FLUTTER ENTMT PLC

Sell

−1,733,336

−3.20

≡

SE – SEA LTD

Sell

−1,869,501

−2.43

≡

PM – PHILIP MORRIS INTL INC

Reduce 43.00%

−1,970,864

−2.33

≡

CIEN – CIENA CORP

Sell

−2,006,662

−2.13

≡

APP – APPLOVIN CORP

Reduce 30.00%

−328,608

−1.94

≡

ETSY – ETSY INC

Sell

−3,880,316

−1.87

≡

BKNG – BOOKING HOLDINGS INC

Reduce 85.00%

−26,521

−1.04

≡

AMZN – AMAZON COM INC

Reduce 14.00%

−397,408

−0.40

≡

COF – CAPITAL ONE FINL CORP

Reduce 11.00%

−274,600

0.11

≡

APH – AMPHENOL CORP NEW

Reduce 7.00%

−213,458

0.07

≡

LPLA – LPL FINL HLDGS INC

Reduce 8.00%

−180,766

−0.02

Q3 2025filed Nov 14, 258 new6 added10 reduced5 exited

≡

INTU – INTUIT

Sell

−771,666

−4.33

≡

UNH – UNITEDHEALTH GROUP INC

Sell

−1,693,347

−3.76

≡

CRM – SALESFORCE INC

Sell

−1,863,179

−3.62

≡

AMZN – AMAZON COM INC

Reduce 44.00%

−2,221,628

−3.37

≡

ASML – ASML HOLDING N V

Sell

−566,862

−3.23

≡

APP – APPLOVIN CORP

Reduce 12.00%

−152,196

2.66

≡

WIX – WIX COM LTD

Sell

−2,161,331

−2.44

≡

VST – VISTRA CORP

Reduce 27.00%

−1,770,478

−2.22

≡

MSFT – MICROSOFT CORP

Reduce 35.00%

−646,251

−2.01

≡

META – META PLATFORMS INC

Reduce 21.00%

−342,757

−1.68

≡

BKNG – BOOKING HOLDINGS INC

Reduce 48.00%

−28,821

−1.25

≡

KKR – KKR & CO INC

Reduce 22.00%

−1,141,208

−1.09

≡

COF – CAPITAL ONE FINL CORP

Reduce 17.00%

−511,142

−0.69

≡

TSM – TAIWAN SEMICONDUCTOR MFG LTD

Reduce 11.00%

−383,520

0.66

≡

FLUT – FLUTTER ENTMT PLC

Reduce 7.00%

−129,428

−0.58

Q2 2025filed Aug 14, 255 new6 added7 reduced5 exited

≡

LLY – ELI LILLY & CO

Sell

−551,827

−3.94

≡

TOL – TOLL BROTHERS INC

Sell

−3,800,580

−3.47

≡

INTU – INTUIT

Reduce 45.00%

−632,136

−3.12

≡

APPCALL – APPLOVIN CORP

Reduce 80.00%

−1,278,328

−2.86

≡

CDNS – CADENCE DESIGN SYSTEM INC

Sell

−1,218,389

−2.68

≡

ARES – ARES MANAGEMENT CORPORATION

Sell

−1,604,441

−2.03

≡

SBUX – STARBUCKS CORP

Reduce 16.00%

−1,045,934

−1.97

≡

WING – WINGSTOP INC

Sell

−449,056

−0.87

≡

PM – PHILIP MORRIS INTL INC

Reduce 8.00%

−250,848

−0.55

≡

APPCALL – APPLOVIN CORP

Reduce 21.00%

−332,594

−0.51

≡

FLUT – FLUTTER ENTMT PLC

Reduce 16.00%

−357,132

−0.46

≡

TSM – TAIWAN SEMICONDUCTOR MFG LTD

Reduce 11.00%

−429,461

−0.00

Q1 2025filed May 15, 251 added1 reduced

≡

APPCALL – APPLOVIN CORP

Reduce 80.00%

−1,278,328

−2.93

Q1 2025filed May 15, 255 new8 added6 reduced12 exited

≡

PTC – PTC INC

Sell

−2,326,231

−3.18

≡

SPOT – SPOTIFY TECHNOLOGY S A

Sell

−913,564

−3.04

≡

WDAY – WORKDAY INC

Sell

−1,543,464

−2.96

≡

CEG – CONSTELLATION ENERGY CORP

Sell

−1,737,526

−2.89

≡

HWM – HOWMET AEROSPACE INC

Sell

−3,061,707

−2.49

≡

XYZ – BLOCK INC

Sell

−3,765,793

−2.38

≡

APPCALL – APPLOVIN CORP

Reduce 71.00%

−769,513

−1.89

≡

LEN – LENNAR CORP

Sell

−1,717,903

−1.74

≡

PM – PHILIP MORRIS INTL INC

Reduce 53.00%

−3,459,830

−1.66

≡

VST – VISTRA CORP

Reduce 14.00%

−748,177

−0.81

≡

LLY – ELI LILLY & CO

Reduce 30.00%

−231,033

−0.55

≡

LPLA – LPL FINL HLDGS INC

Reduce 8.00%

−158,733

0.32

≡

BTDR – BITDEER TECHNOLOGIES GROUP

Sell

−986,717

−0.16

≡

HUT – HUT 8 CORP

Sell

−692,839

−0.11

≡

META – META PLATFORMS INC

Reduce 14.00%

−278,868

−0.11

≡

CIFR – CIPHER MINING INC

Sell

−2,344,380

−0.08

≡

WULF – TERAWULF INC

Sell

−1,480,928

−0.06

≡

IREN – IREN LIMITED

Sell

−711,839

−0.05

Q4 2024filed Feb 14, 254 new5 added17 reduced3 exited

≡

UNH – UNITEDHEALTH GROUP INC

Sell

−821,880

−3.58

≡

BKNG – BOOKING HOLDINGS INC

Sell

−76,414

−2.40

≡

LEN – LENNAR CORP

Reduce 41.00%

−1,209,751

−2.35

≡

GEV – GE VERNOVA INC

Sell

−1,156,011

−2.20

≡

CEG – CONSTELLATION ENERGY CORP

Reduce 27.00%

−656,705

−1.76

≡

XYZ – BLOCK INC

Reduce 51.00%

−3,904,730

−1.46

≡

AMZN – AMAZON COM INC

Reduce 31.00%

−1,693,233

−1.45

≡

SPOT – SPOTIFY TECHNOLOGY S A

Reduce 41.00%

−638,965

−1.23

≡

ASML – ASML HOLDING N V

Reduce 20.00%

−109,547

−1.15

≡

CRM – SALESFORCE INC

Reduce 33.00%

−772,637

−0.89

≡

LPLA – LPL FINL HLDGS INC

Reduce 12.00%

−257,389

0.88

≡

VST – VISTRA CORP

Reduce 21.00%

−1,453,326

−0.54

≡

APP – APPLOVIN CORP

Reduce 54.00%

−1,284,753

0.30

≡

PTC – PTC INC

Reduce 9.00%

−221,968

−0.26

≡

ARES – ARES MANAGEMENT CORPORATION

Reduce 18.00%

−374,773

−0.18

≡

BTDR – BITDEER TECHNOLOGIES GROUP

Reduce 24.00%

−311,248

0.08

≡

TSM – TAIWAN SEMICONDUCTOR MFG LTD

Reduce 11.00%

−452,417

0.06

≡

WULF – TERAWULF INC

Reduce 52.00%

−1,586,868

−0.04

≡

KKR – KKR & CO INC

Reduce 10.00%

−474,587

0.04

≡

HUT – HUT 8 CORP

Reduce 44.00%

−539,913

−0.01

Q3 2024filed Nov 14, 249 new5 added11 reduced4 exited

≡

MA – MASTERCARD INCORPORATED

Sell

−1,043,557

−3.73

≡

BBWI – BATH & BODY WORKS INC

Sell

−11,315,515

−3.58

≡

TSM – TAIWAN SEMICONDUCTOR MFG LTD

Reduce 30.00%

−1,789,337

−3.00

≡

MCK – MCKESSON CORP

Sell

−560,936

−2.66

≡

MSFT – MICROSOFT CORP

Reduce 18.00%

−364,426

−2.01

≡

APP – APPLOVIN CORP

Reduce 58.00%

−3,332,572

−1.54

≡

ASML – ASML HOLDING N V

Reduce 6.00%

−36,578

−1.45

≡

PM – PHILIP MORRIS INTL INC

Reduce 33.00%

−2,190,473

−1.43

≡

KKR – KKR & CO INC

Reduce 29.00%

−1,862,776

−1.05

≡

BKNG – BOOKING HOLDINGS INC

Reduce 27.00%

−28,763

−0.98

≡

AVDX – AVIDXCHANGE HOLDINGS INC

Sell

−5,078,341

−0.50

≡

UNH – UNITEDHEALTH GROUP INC

Reduce 13.00%

−122,437

−0.32

≡

GEV – GE VERNOVA INC

Reduce 22.00%

−320,997

0.14

≡

SPOT – SPOTIFY TECHNOLOGY S A

Reduce 8.00%

−134,886

−0.03

≡

HWM – HOWMET AEROSPACE INC

Reduce 16.00%

−603,614

−0.02

Q2 2024filed Aug 14, 244 new7 added3 reduced6 exited

≡

CRM – SALESFORCE INC

Sell

−2,400,267

−5.71

≡

WDAY – WORKDAY INC

Sell

−1,414,824

−3.05

≡

LYV – LIVE NATION ENTERTAINMENT IN

Sell

−3,217,551

−2.69

≡

META – META PLATFORMS INC

Reduce 35.00%

−743,380

−2.49

≡

DKS – DICKS SPORTING GOODS INC

Sell

−1,198,897

−2.13

≡

EPAM – EPAM SYS INC

Sell

−929,917

−2.03

≡

IBN – ICICI BANK LIMITED

Sell

−9,642,665

−2.01

≡

PTC – PTC INC

Reduce 14.00%

−419,759

−0.67

≡

KKR – KKR & CO INC

Reduce 9.00%

−606,614

−0.10

Q1 2024filed May 15, 245 new6 added11 reduced4 exited

≡

UNH – UNITEDHEALTH GROUP INC

Sell

−891,167

−4.06

≡

HDB – HDFC BANK LTD

Sell

−4,643,541

−2.70

≡

BX – BLACKSTONE INC

Sell

−2,219,023

−2.51

≡

GE – GENERAL ELECTRIC CO

Sell

−2,103,885

−2.32

≡

BKNG – BOOKING HOLDINGS INC

Reduce 32.00%

−48,207

−1.69

≡

DKS – DICKS SPORTING GOODS INC

Reduce 59.00%

−1,724,013

−1.59

≡

MA – MASTERCARD INCORPORATED

Reduce 38.00%

−420,366

−1.48

≡

AMZN – AMAZON COM INC

Reduce 18.00%

−971,308

−0.79

≡

WDAY – WORKDAY INC

Reduce 9.00%

−133,046

−0.65

≡

META – META PLATFORMS INC

Reduce 26.00%

−735,911

−0.61

≡

IBN – ICICI BANK LIMITED

Reduce 20.00%

−2,399,598

−0.47

≡

TSM – TAIWAN SEMICONDUCTOR MFG LTD

Reduce 11.00%

−775,400

0.38

≡

PTC – PTC INC

Reduce 6.00%

−198,505

−0.37

≡

LPLA – LPL FINL HLDGS INC

Reduce 8.00%

−155,044

−0.11

≡

BBWI – BATH & BODY WORKS INC

Reduce 7.00%

−680,756

−0.05

Q4 2023filed Feb 14, 244 new3 added5 reduced5 exited

≡

GOOGL – ALPHABET INC

Sell

−3,113,001

−3.93

≡

TDG – TRANSDIGM GROUP INC

Sell

−436,740

−3.55

≡

BILL – BILL HOLDINGS INC

Sell

−2,546,689

−2.67

≡

MA – MASTERCARD INCORPORATED

Reduce 37.00%

−645,552

−2.60

≡

SGI – TEMPUR SEALY INTL INC

Sell

−4,771,772

−1.99

≡

FND – FLOOR & DECOR HLDGS INC

Sell

−2,160,808

−1.89

≡

WDAY – WORKDAY INC

Reduce 40.00%

−1,031,749

−1.65

≡

EPAM – EPAM SYS INC

Reduce 19.00%

−203,969

−0.41

≡

TSM – TAIWAN SEMICONDUCTOR MFG LTD

Reduce 11.00%

−852,228

−0.28

≡

LYV – LIVE NATION ENTERTAINMENT IN

Reduce 10.00%

−368,181

−0.26