Lone Pine Capital takes new position in Eli Lilly, exits UnitedHealth stake

Stephen Mandel’s Lone Pine Capital disclosed in an SEC filing its holdings as of December 31, 2024. Lone Pine’s four new buys during the fourth quarter included, by size of position, Eli Lilly (LLY), Capital One (COF), Flutter (FLUT), and Cipher Mining (CIFR). Lone Pine exited three positions during the quarter, including by size of previous position, UnitedHealth (UNH), Booking Holdings (BKNG), and GE Vernova (GEV). Lone Pine increased its stake in a number of holdings, including by size of previous position, Philip Morris (PM), Starbucks (SBUX), Intuit (INTU), Meta (META), and Talen Energy (TLN). Lone Pine reduced its stake in a number of holdings, including by size of previous position, Lennar (LEN), Constellation Energy (CEG), Block (XYZ), Amazon (AMZN), and Spotify (SPOT). Lone Pine’s top holdings as of December 31, 2024, in order of size, were Meta, Amazon, Philip Morris, TSMC (TSM), and Vistra Corp (VST).