Lone Pine buys GE, exits Tempur Sealy in Q4

Stephen Mandel’s Lone Pine disclosed in an SEC filing its holdings as of December 31, 2023. The fund’s four new buys during the fourth quarter included, by size of position, Intuit (INTU), Blackstone (BX), Philip Morris (PM), and GE (GE). Lone Pine exited a number of shares during the period, including by size of previous position Alphabet Class A (GOOGL), TransDigm (TDG), BILL Holdings (BILL), Tempur Sealy (TPX), and Floor & Decor (FND). The fund increased its position in Block (SQ), Meta (META), Bath & Body Works (BBWI), Dick’s Sporting (DKS), and ASML (ASML), and reduced its stake in Mastercard (MA), Workday (WDAY), Epam Systems (EPAM), Live Nation (LYV), and TSMC (TSM). Lone Pine’s top holdings as of December 31, in order of size, were Meta, Amazon (AMZN), TSMC, Microsoft (MSFT), and Salesforce (CRM).