Lone Pine exited PayPal, initiated AMD position during Q4

Stephen Mandel’s Lone Pine Capital disclosed in an SEC filing its holdings as of December 31, 2022. Lone Pine made seven new buys during the quarter, including, by size of position, AMD (AMD), Moderna (MRNA), ASML (ASML), Floor & Decor (FND) and Salesforce (CRM). Lone Pine exited seven positions during the quarter, including by size of previous position, PayPal (PYPL), Autodesk (ADSK), Meta Platforms (META), EQT Corporation (EQT) and Chesapeake (CHK). Lone Pine increased its stake in nine holdings, including Microsoft (MSFT), TSMC (TSM), TransDigm (TDG), UnitedHealth (UNH) and First Citizens (FCNCA). Lone Pine reduced its stake in seven holdings, including by size of previous position, Epam Systems (EPAM), Thermo Fisher (TMO), Cheniere Energy (LNG), Workday (WDAY) and Booking Holdings (BKNG). Lone Pine’s top holdings as of December 31, 2022, in order of size, were Bath & Body Works (BBWI), Microsoft, Amazon.com (AMZN), Workday and TSMC.