基本面成长Fundamental growth · famous
Lone Pine Capital
孤松资本
研究可用度高High research usability
13F-RS 研究可用度13F-RS research usability
75.6
覆盖coverage 75% · 置信confidence B
结论先行Answer first
前五大占31.0%，最值得继续核验的动作是退出VISTRA CORPTop five represent 31.0%; exit from VISTRA CORP is the clearest next diligence lead
最大可见普通证券持仓为NEBIUS GROUP N.V.（7.2%）；季度快照换手代理为48.3%，前十大延续率为46.2%。该机构归入“基本面成长”，13F只能解释公开的美国可报告证券多头。
The largest visible non-option holding is NEBIUS GROUP N.V. (7.2%). The quarterly snapshot turnover proxy is 48.3%, and top-ten persistence is 46.2%. The manager is classified as Fundamental growth; 13F covers only visible reportable U.S. long securities.
下一步Next diligence
把退出VISTRA CORP作为研究线索，结合公司基本面、估值、催化剂及13D/G核验；不要直接跟单。
Treat the exit from VISTRA CORP as a research lead and verify fundamentals, valuation, catalysts and any 13D/G filings; do not copy mechanically.
CIK · accession · accepted date
本季申报链Current filing chain
先展示 13F-NT 关系通知，再展示解析到的 13F-HR / HR-A。价值单位说明保留检测结果和归一化倍数。
Relationship notices appear before resolved 13F-HR / HR-A filings. Unit notes preserve the detection result and normalization multiplier.
| 法律申报人Legal filer | CIK | Form | Accession | 申报日Filed | 解析 / 单位说明Resolution / unit note |
|---|---|---|---|---|---|
| LONE PINE CAPITAL LLC | CIK 0001061165 | 13F-HR | 0000919574-26-005485 | 2026-08-14 | usd_consistent_with_implied_prices |
2026-03-31 → 2026-06-30
持仓与季度变化Holdings and quarterly change
前十大可见普通证券Top visible non-option holdings 10
| 证券Security | Put / Call | 申报价值Filed value | 权重Weight | 股数 / 标的股数Shares / underlying shares | 股数变化Share change |
|---|---|---|---|---|---|
| NEBIUS GROUP N.V.SHS CLASS A · CUSIP N97284108 | — | $1.18bn | 7.19% | 4,258,008 | — |
| ASML HLDG NVN Y REGISTRY SHS · CUSIP N07059210 | — | $1.13bn | 6.92% | 569,174 | -13.1% |
| SEAGATE TECHNOLOGY HLDNGS PLORD SHS · CUSIP G7997R103 | — | $965.1m | 5.90% | 1,000,109 | — |
| HOME DEPOT INCCOM · CUSIP 437076102 | — | $918.1m | 5.61% | 2,603,189 | — |
| APPLIED MATLS INCCOM · CUSIP 038222105 | — | $873.2m | 5.34% | 1,207,737 | — |
| MEDLINE INCCOM CL A · CUSIP 58507V107 | — | $827.0m | 5.06% | 20,968,367 | 77.9% |
| LINDE PLCSHS · CUSIP G54950103 | — | $808.6m | 4.94% | 1,558,081 | — |
| TERADYNE INCCOM · CUSIP 880770102 | — | $722.4m | 4.42% | 1,493,080 | -20.3% |
| CORNING INCCOM · CUSIP 219350105 | — | $696.8m | 4.26% | 2,728,058 | -26.6% |
| CARVANA COCL A · CUSIP 146869102 | — | $692.5m | 4.23% | 10,520,666 | 499.6% |
新建仓位New positions 10
| 证券Security | Put / Call | 申报价值Filed value | 权重Weight | 股数 / 标的股数Shares / underlying shares | 股数变化Share change |
|---|---|---|---|---|---|
| NEBIUS GROUP N.V.SHS CLASS A · CUSIP N97284108 | — | $1.18bn | 7.19% | 4,258,008 | — |
| SEAGATE TECHNOLOGY HLDNGS PLORD SHS · CUSIP G7997R103 | — | $965.1m | 5.90% | 1,000,109 | — |
| HOME DEPOT INCCOM · CUSIP 437076102 | — | $918.1m | 5.61% | 2,603,189 | — |
| APPLIED MATLS INCCOM · CUSIP 038222105 | — | $873.2m | 5.34% | 1,207,737 | — |
| LINDE PLCSHS · CUSIP G54950103 | — | $808.6m | 4.94% | 1,558,081 | — |
| TTM TECHNOLOGIES INCCOM · CUSIP 87305R109 | — | $512.1m | 3.13% | 2,738,075 | — |
| STERLING INFRASTRUCTURE INCCOM · CUSIP 859241101 | — | $511.7m | 3.13% | 609,643 | — |
| ON HLDG AGNAMEN AKT A · CUSIP H5919C104 | — | $470.4m | 2.88% | 13,280,030 | — |
| BITDEER TECHNOLOGIES GROUPCL A ORD SHS · CUSIP G11448100 | — | $111.4m | 0.68% | 7,020,026 | — |
| SHARONAI HOLDINGS INCCOM CL A · CUSIP 778920306 | — | $102.4m | 0.63% | 1,209,848 | — |
增持仓位Added positions 8
| 证券Security | Put / Call | 申报价值Filed value | 权重Weight | 股数 / 标的股数Shares / underlying shares | 股数变化Share change |
|---|---|---|---|---|---|
| TERAWULF INCCOM · CUSIP 88080T104 | — | $596.4m | 3.65% | 24,144,625 | 21.2% |
| PERFORMANCE FOOD GROUP COCOM · CUSIP 71377A103 | — | $654.3m | 4.00% | 5,852,740 | 47.1% |
| MEDLINE INCCOM CL A · CUSIP 58507V107 | — | $827.0m | 5.06% | 20,968,367 | 77.9% |
| NU HLDGS LTDORD SHS CL A · CUSIP G6683N103 | — | $630.9m | 3.86% | 47,219,717 | 24.2% |
| US FOODS HLDG CORPCOM · CUSIP 912008109 | — | $502.5m | 3.07% | 4,914,492 | 29.5% |
| CARVANA COCL A · CUSIP 146869102 | — | $692.5m | 4.23% | 10,520,666 | 499.6% |
| VISA INCCOM CL A · CUSIP 92826C839 | — | $56.9m | 0.35% | 165,960 | 78.9% |
| ALPHABET INCCAP STK CL A · CUSIP 02079K305 | — | $77.0m | 0.47% | 215,574 | 14.9% |
减持仓位Reduced positions 10
| 证券Security | Put / Call | 申报价值Filed value | 权重Weight | 股数 / 标的股数Shares / underlying shares | 股数变化Share change |
|---|---|---|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFACSPONSORED ADS · CUSIP 874039100 | — | $48.4m | 0.30% | 101,242 | -92.7% |
| BROOKFIELD CORPCL A LTD VT SH · CUSIP 11271J107 | — | $33.8m | 0.21% | 792,717 | -92.9% |
| LPL FINL HLDGS INCCOM · CUSIP 50212V100 | — | $343.4m | 2.10% | 1,219,099 | -40.5% |
| MCKESSON CORPCOM · CUSIP 58155Q103 | — | $43.7m | 0.27% | 57,851 | -85.2% |
| CARPENTER TECHNOLOGY CORPCOM · CUSIP 144285103 | — | $593.9m | 3.63% | 962,839 | -47.0% |
| HUT 8 CORPCOM · CUSIP 44812J104 | — | $666.5m | 4.07% | 5,773,045 | -5.0% |
| APPLOVIN CORPCOM CL A · CUSIP 03831W108 | — | $537.0m | 3.28% | 1,042,268 | -28.9% |
| MASTEC INCCOM · CUSIP 576323109 | — | $559.7m | 3.42% | 1,345,157 | -12.1% |
| CORNING INCCOM · CUSIP 219350105 | — | $696.8m | 4.26% | 2,728,058 | -26.6% |
| TRANSDIGM GROUP INCCOM · CUSIP 893641100 | — | $38.0m | 0.23% | 28,532 | -20.0% |
退出仓位Exited positions 10
| 证券Security | Put / Call | 申报价值Filed value | 权重Weight | 股数 / 标的股数Shares / underlying shares | 股数变化Share change |
|---|---|---|---|---|---|
| VISTRA CORPCOM · CUSIP 92840M102 | — | $930.2m | 7.42% | 6,187,585 | -100.0% |
| TALEN ENERGY CORPCOM · CUSIP 87422Q109 | — | $580.3m | 4.63% | 1,817,947 | -100.0% |
| CLEAN HARBORS INCCOM · CUSIP 184496107 | — | $503.2m | 4.01% | 1,754,950 | -100.0% |
| TENET HEALTHCARE CORPCOM NEW · CUSIP 88033G407 | — | $426.2m | 3.40% | 2,258,717 | -100.0% |
| CAPITAL ONE FINL CORPCOM · CUSIP 14040H105 | — | $413.6m | 3.30% | 2,267,056 | -100.0% |
| ENTEGRIS INCCOM · CUSIP 29362U104 | — | $365.2m | 2.91% | 3,115,054 | -100.0% |
| CIENA CORPCOM NEW · CUSIP 171779309 | — | $314.3m | 2.50% | 809,522 | -100.0% |
| VULCAN MATLS COCOM · CUSIP 929160109 | — | $39.3m | 0.31% | 144,179 | -100.0% |
| SPOTIFY TECHNOLOGY S ASHS · CUSIP L8681T102 | — | $33.4m | 0.27% | 68,844 | -100.0% |
| MASTERCARD INCORPORATEDCL A · CUSIP 57636Q104 | — | $28.6m | 0.23% | 57,201 | -100.0% |
期权切片Options slice 0
Put/Call 股数是标的股数；13F 没有执行价、到期日、权利金或净方向。Put/call shares are underlying shares; 13F omits strike, expiry, premium and net direction.
| 证券Security | Put / Call | 申报价值Filed value | 权重Weight | 股数 / 标的股数Shares / underlying shares | 股数变化Share change |
|---|---|---|---|---|---|
| 无可展示记录No records to display | |||||
13F-RS-v1.0
评分拆解Score breakdown
| 维度Dimension | 得分Score | 相对满分Relative to max | 比例Ratio |
|---|---|---|---|
| 申报完整性Filing integrity | 15.0 / 15 | 100% | |
| 实体映射Entity mapping | 10.0 / 10 | 100% | |
| 策略适配度Strategy fit | 11.2 / 15 | 75% | |
| 集中度信息密度Concentration signal | 9.2 / 10 | 92% | |
| 高确信度可识别性Conviction identifiability | 12.1 / 15 | 81% | |
| 延续性 / 换手Persistence / turnover | 4.9 / 10 | 49% | |
| 申报时滞Filing lag | 0.0 / 10 | 0% | |
| 不可见风险Opacity risk | 9.2 / 10 | 92% | |
| 独立共识Independent consensus | 4.0 / 5 | 80% |
策略分类：基本面成长。分数衡量公开13F的研究可用度，不评价未来收益。Strategy classification: Fundamental growth. The score measures public-13F research usability, not future returns.
H（高确信度可识别性）当前以单仓≥2%为有限代理，尚未接入风格基准主动权重，因此该分项覆盖度只有50%。H (conviction identifiability) currently uses positions ≥2% as a limited proxy; style-benchmark active weights are not yet available, so this component has only 50% coverage.