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Funds (13F)

Lone Pine Capital LLC

Backtest from 16 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+11.5%
S&P 500 +14.1%
Last 12 months
−22.4%
S&P 500 +12.1%
Sharpe ratio
0.51
S&P 500 0.78
Biggest drop
−58.5%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$41.9k
Lone Pine Capital LLCS&P 500 $10,000 in Lone Pine Capital LLC from 16 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Lone Pine Capital LLC's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Lone Pine Capital LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+11.5%+14.1%
Total return+319%+470%
Last 12 months−22.4%+12.1%
Last 3 months−18.3%—
Last month−17.4%—
This year so far−23.8%—
Volatility a year22.4%16.0%
Sharpe ratio0.510.78
Biggest drop−58.5%−31.8%
Beta to the S&P 5001.191.00
Alpha a year (t-statistic)−3.5% (−1.07)—
Share of weeks up57%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
NBIS7.2%——
ASML6.9%——
STX5.9%——
HD5.6%——
AMAT5.3%——
MDLN5.1%——
LIN5.0%——
TER4.4%——
GLW4.3%——
CVNA4.2%——
HUT4.1%——
PFGC4.0%——
NU3.9%——
WULF3.6%——
CRS3.6%——
MTZ3.4%——
APP3.3%——
TTMI3.1%——
STRL3.1%——
USFD3.1%——
ONON2.9%——
LPLA2.1%——
AGX1.8%——
BTDR0.7%——
SHAZ0.6%——
GOOGL0.5%——
KGS0.4%——
V0.3%——
IBKR0.3%——
TSM0.3%——
SE0.3%——
MCK0.3%——
TDG0.2%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest16 Aug 2013 to 2 Nov 2026+11.5%+14.1%0.510.78−58.5%1.19−3.5% (−1.07)
2018 onwards5 Jan 2018 to 2 Nov 2026+9.2%+13.9%0.360.66−58.5%1.21−5.0% (−1.11)
Last three years3 Nov 2023 to 2 Nov 2026+15.5%+21.8%0.551.16−25.9%1.36−9.4% (−1.27)
Last year7 Nov 2025 to 2 Nov 2026−21.4%+14.2%−1.050.84−24.4%1.43−39.0% (−2.34)
DateCompanyAction
21 Aug 2026TTMIBought
21 Aug 2026STXBought
21 Aug 2026STRLBought
21 Aug 2026SHAZBought
21 Aug 2026SEBought
21 Aug 2026ONONBought
21 Aug 2026NBISBought
21 Aug 2026LINBought
21 Aug 2026KGSBought
21 Aug 2026IBKRBought
21 Aug 2026HDBought
21 Aug 2026BTDRBought
21 Aug 2026AMATBought
22 May 2026WULFBought
22 May 2026USFDBought
22 May 2026TERBought
22 May 2026PFGCBought
22 May 2026MTZBought
22 May 2026MCKBought
22 May 2026HUTBought
22 May 2026GOOGLBought
22 May 2026GLWBought
22 May 2026CIENBought
22 May 2026AGXBought
20 Feb 2026VBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026VSTSold
21 Aug 2026VMCSold
21 Aug 2026TLNSold
21 Aug 2026THCSold
21 Aug 2026SPOTSold
21 Aug 2026MASold
21 Aug 2026KKRSold
21 Aug 2026HLTSold
21 Aug 2026ENTGSold
21 Aug 2026COFSold
21 Aug 2026CLHSold
21 Aug 2026CIENSold
21 Aug 2026BSXSold
21 Aug 2026BKNGSold
21 Aug 2026APHSold
22 May 2026WINGSold
22 May 2026PMSold
22 May 2026MSFTSold
22 May 2026DASHSold
22 May 2026AVGOSold
22 May 2026AMZNSold
22 May 2026AFRMSold
20 Feb 2026SESold
20 Feb 2026SBUXSold
20 Feb 2026METASold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest