Lone Pine Capital: Portfolio, Team, AUM: Top 5 Stock Picks

In this piece, we will take a look at Lone Pine Capital’s portfolio, AUM, and performance along with its top five stock picks. If you want to find out more about the hedge fund, head on to Lone Pine Capital: Portfolio, Team, AUM.

5. Amazon.com, Inc. (NASDAQ:AMZN)

Lone Pine Capital’s Q1 2023 Investment: $647 million

Share Price Gain Since March: 26.6%

Amazon.com, Inc. (NASDAQ:AMZN) is one of the largest electronic commerce retailers in the world. It’s one of the big tech stocks that has led the NASDAQ rally this year, and despite this, the shares are rated a Strong Buy on average.

Out of the 943 hedge funds part of Insider Monkey’s database, 243 had bought Amazon.com, Inc. (NASDAQ:AMZN)’s shares during 2023’s first quarter. Lone Pine Capital’s investment during this time period was $647 million, while the firm’s largest shareholder was Ken Fisher’s Fisher Asset Management courtesy of a $4.2 billion investment.

4. Bed Bath & Beyond Inc. (OTCMKTS:BBBYQ)

Lone Pine Capital’s Q1 2023 Investment: $715 million*

Share Price Gain Since March: N/A

Bed Bath & Beyond Inc. (OTCMKTS:BBBYQ) is the distressed American retailer that was delisted from the NASDAQ stock market earlier this year. Therefore, Lone Pine Capital’s investment in the company is marked with an asterisk, since it was in Bed Bath & Beyond Inc. (NASDAQ:BBBY). The firm declared bankruptcy in April 2023, and all its stores are expected to close soon.

3. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Lone Pine Capital’s Q1 2023 Investment: $761 million

Share Price Gain Since March: 11.7%

The Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the biggest chip making companies in the world. Despite the ongoing downturn in the semiconductor industry, its shares have gained 40% year to date on the back of the firm’s importance in the artificial intelligence ecosystem.

Insider Monkey took a look at 943 hedge funds for their first quarter of 2023 shareholdings to discover that 102 had owned a stake in the chip maker. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s largest investor in our database is Ken Fisher’s Fisher Asset Management with a $2.3 billion investment, while Stephen Mandel’s Lone Pine Capital owns 8.1 million shares worth $761 million.

2. Microsoft Corporation (NASDAQ:MSFT)

Lone Pine Capital’s Q1 2023 Investment: $772 million

Share Price Gain Since March: 17%

Microsoft Corporation (NASDAQ:MSFT) is a diversified technology company with a sizeable presence in personal computing, enterprise computing, and other lucrative industries. Its shares are up nearly 41% year to date and the stock is rated Strong Buy on average.

Lone Pine Capital owned 2.6 million Microsoft Corporation (NASDAQ:MSFT) shares during Q1 2023, allowing it to hold a $772 million stake. Along with the hedge fund, 289 of the 943 that were part of Insider Monkey’s database had also bought the firm’s shares during the same time period. Microsoft Corporation (NASDAQ:MSFT)’s largest shareholder in our database is Michael Larson’s Bill & Melinda Gates Foundation Trust through an $11.3 billion investment.

1. Workday, Inc. (NASDAQ:WDAY)

Lone Pine Capital’s Q1 2023 Investment: $881 million

Share Price Gain Since March: 6%

Workday, Inc. (NASDAQ:WDAY) is a software company that provides products that enable firms to conduct their daily operations. Analyst sentiment in the stock has recently started to shift to Hold, but the shares still have an average Buy rating.

As of Q1 2023, 86 of the 943 hedge funds part of Insider Monkey’s database had bought the firm’s shares. Out of these, Stephen Mandel’s Lone Pine Capital had held an $881 million stake, which made it Workday, Inc. (NASDAQ:WDAY)’s largest shareholder.

Disclosure: None. You can also take a look at 10 Momentum Stocks Billionaires Are Loading Up On and Kevin O’Leary’s Stock Portfolio: 10 Stock Picks for 2023.

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