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Lone Pine Capital

SEC-registered adviser since 2012Greenwich, CTCRD 156602

17
Clients
16
Advisory staff

From Form ADV filed 30 March 2026 · data retrieved 15 October 2026SEC record

Lone Pine Capital is an investment adviser headquartered in Greenwich, Connecticut, and registered with the SEC since 2012. Its clients include pooled investment vehicles and pension and profit-sharing plans.

Its services include portfolio management for pooled vehicles. Fee arrangements include a percentage of assets under management and performance-based fees.

Clients

Lone Pine Capital serves 17 clients, 16 of them pooled investment vehicles. The average client has about $1.27 billion with the firm.

Regulatory assets by client type
  • Pooled investment vehicles16 clients98%
  • Pension and profit-sharing plans1 clients2%
Show client breakdown
Pooled investment vehicles
Clients
16
Regulatory AUM
$21,259,583,400
Share
98.3%
Avg. per client
$1.33B
Pension and profit-sharing plans
Clients
1
Regulatory AUM
$364,759,400
Share
1.7%
Avg. per client
$364.8M

Total

Clients
17
Regulatory AUM
$21,624,342,800
Share
100%
Avg. per client
$1.27B

What it does

Lone Pine Capital provides portfolio management for pooled vehicles. It is paid through a percentage of assets and performance-based fees.

Lone Pine Capital advises 14 private funds.

100.0% of assets ($21.62B across 17 accounts) are managed with discretion. 53% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Funds89%
    • Pooled vehicles87%
    • Registered funds2%
  • Cash10%
  • Other1%
    • Employer contributions receivable due to lone pine capital llc 401(k) profit sharing plan and notes receivable from participants1%

Custodians

Lone Pine Capital has custody of $21.41B for 15 clients.

Managed account assets by custodian
  • All other custodians$21.62B100%

Ownership and leadership

Who owns the firm
Lone Pine Capital LLC· the adviser
  • Stephen Mandel

    Control person · since June 1997

    Owns 5% to 10% of Lone Pine Capital LLC
  • David Craver

    Control person · since January 2008

    Owns 5% to 10% of Lone Pine Capital LLC
  • Kerry Tyler

    Control person · since August 1997

    Owns 5% to 10% of Lone Pine Capital LLC
  • Kelly Granat

    Control person · since January 2017

    Owns 5% to 10% of Lone Pine Capital LLC

Leadership

  • Kerry Tyler
    Managing Director, Chief Operating Officer
  • Jason Cohen
    Chief Compliance Officer
  • David Craver
    Managing Director
  • Brian Doherty
    Managing Director, Head Trader
  • Kelly Granat
    Managing Director
  • Stephen Mandel
    Managing Director
  • Mary McDonnell
    Managing Director, CFO
  • Jeffrey Wechselblatt
    General Counsel

Staff

  • 101 employees
  • 16 in advisory functions

Reported holdings

Lone Pine Capital’s reported 13F holdings total $16.36B across 34 positions, and the ten largest make up 53.9% of it.

$16.36B
Reported 13F value
34
Positions
53.9%
In the 10 largest
+30.4%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Nebius Group N.V. · Shs Class A7.2%
  2. ASML Hldg NV · N Y Registry Shs6.9%
  3. Seagate Technology Hldngs PL5.9%
  4. Home Depot Inc.5.6%
  5. Applied Matls Inc.5.3%
  6. Medline Inc. · Com CL A5.1%
  7. Linde PLC4.9%
  8. Teradyne Inc.4.4%
  9. Corning Inc.4.3%
  10. Carvana CO · CL A4.2%

Together, the ten largest are 53.9% of reported value.

The 34 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 14 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $16.36B is not its $21.62B in regulatory assets and does not represent any individual client's portfolio.

Fees

Lone Pine Capital is paid through a percentage of assets under management and performance-based fees.

Lone Pine Capital’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Lone Pine Capital has 1 office, with 2 listed addresses across 2 states.

Listed office addresses by state

Connecticut · 1 listed address

  • Two Greenwich Plaza, Suite 220, GreenwichHQ

Registration details

Legal name
Lone Pine Capital LLC
Headquarters
Two Greenwich Plaza, Suite 220, Greenwich, CT 06830
SEC file
801-73233
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Lone Pine Capital have?

Lone Pine Capital has 17 clients and manages $21.6 billion for them, as of March 2026. They include 16 pooled investment vehicles and 1 pension and profit-sharing plans.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026

What services does Lone Pine Capital offer?

Lone Pine Capital provides portfolio management for pooled vehicles.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Lone Pine Capital have?

Lone Pine Capital has 0 investment adviser representatives registered with state securities authorities, out of 101 employees, and 16 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Lone Pine Capital invest in?

At the end of its last fiscal year, Lone Pine Capital’s separately managed accounts held 87% pooled vehicles (private funds and similar), 10% cash and equivalents, 2% registered funds (mutual funds, ETFs, BDCs) and 1% employer contributions receivable due to lone pine capital llc 401(k) profit sharing plan and notes receivable from participants. It advises 14 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Lone Pine Capital?

Lone Pine Capital’s direct owners are Stephen Mandel, David Craver, Kerry Tyler and Kelly Granat, each holding 10% or less.

Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026

How does Lone Pine Capital get paid?

Lone Pine Capital is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 30 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 156602.
  3. Form 13F-HR, filed 14 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Lone Pine Capital LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.