Lone Pine Capital takes new position in Intuit, exits Alphabet stake

Stephen Mandel’s Lone Pine Capital disclosed in an SEC filing its holdings as of March 31. Lone Pine’s four new buys during the quarter included, by size of position, Intuit (INTU), Blackstone (BX), Philip Morris (PM), and GE (GE). Lone Pine exited a number of positions during the quarter, including by size of previous position, Alphabet (GOOGL), TransDigm (TDG), BILL Holdings (BILL), Tempur Sealy (TPX), and Floor & Decor (FND). Lone Pine increased its stake in a number of holdings, including by size of previous position, Block (SQ), Meta Platforms (META), Bath & Body Works (BBWI), Dick’s Sporting Goods (DKS), and ASML (ASML). Lone Pine reduced its stake in a number of holdings, including by size of previous position, Mastercard (MA), Workday (WDAY), EPAM Systems (EPAM), Live Nation (LYV), and TSMC (TSM). Lone Pine’s top holdings as of March 31, in order of size, were Meta Platforms, Amazon (AMZN), TSMC, Microsoft (MSFT), and Salesforce.