Stephen Mandel – Lone Pine Capital Options Positions & Derivatives (Jun 30, 2025)
As of Jun 30, 2025, the Lone Pine Capital portfolio disclosed options positions in its latest SEC 13F filing reported on Aug 14, 2025. These filings include call and put options tied to underlying equity holdings, providing a deeper look at the fund's use of derivatives for exposure and hedging.
The reported options activity included 47 call contracts and 7 put contracts across companies such as Applovin Corporation (APP), Carvana Co. (CVNA), CSX Corporation (CSX). Options positions can signal strategies around hedging risk, enhancing leverage, or adjusting portfolio exposure during market shifts.
Lone Pine Capital Options Activity
| Date | Symbol | Option | Quantity |
|---|---|---|---|
| Q2 2025 | APP Applovin Corporation | CALL | 315,600 |
| Q2 2025 | CVNA Carvana Co. | CALL | 383,500 |
| Q1 2025 | APP Applovin Corporation | CALL | 315,600 |
| Q1 2025 | CVNA Carvana Co. | CALL | 383,500 |
| Q4 2019 | CSX CSX Corporation | CALL | 1,348,000 |
| Q4 2019 | UNP Union Pacific Corporation | CALL | 565,300 |
| Q3 2017 | CHTR Charter Communications, Inc. | CALL | 700,000 |
| Q1 2016 | DEO Diageo plc | CALL | 2,850,000 |
| Q4 2015 | AXP American Express Company | CALL | 4,300,000 |
| Q4 2015 | CSX CSX Corporation | CALL | 534,300 |
| Q4 2015 | DEO Diageo plc | CALL | 2,850,000 |
| Q4 2015 | FNF FNF Group of Fidelity National | CALL | 1,750,000 |
| Q3 2015 | AXP American Express Company | CALL | 4,300,000 |
| Q3 2015 | CSX CSX Corporation | CALL | 1,331,200 |
| Q3 2015 | DEO Diageo plc | CALL | 2,850,000 |
| Q3 2015 | FNF FNF Group of Fidelity National | CALL | 1,915,000 |
| Q3 2015 | MSFT Microsoft Corporation | CALL | 775,600 |
| Q2 2015 | CSX CSX Corporation | CALL | 2,760,000 |
| Q2 2015 | DEO Diageo plc | CALL | 2,850,000 |
| Q2 2015 | FNF FNF Group of Fidelity National | CALL | 2,015,000 |
| Q2 2015 | MSFT Microsoft Corporation | CALL | 2,828,800 |
| Q2 2015 | WMB Williams Companies, Inc. (The) | CALL | 3,285,900 |
| Q1 2015 | FNF FNF Group of Fidelity National | CALL | 2,015,000 |
| Q1 2015 | H8817H100 Transocean | PUT | 2,400,000 |
| Q1 2015 | MSFT Microsoft Corporation | CALL | 2,828,800 |
| Q1 2015 | WMB Williams Companies, Inc. (The) | CALL | 1,785,900 |
| Q4 2014 | ICE Intercontinental Exchange Inc. | CALL | 240,000 |
| Q4 2014 | INTC Intel Corporation | PUT | 2,320,000 |
| Q4 2014 | WBA Walgreens Boots Alliance, Inc. | CALL | 600,000 |
| Q3 2014 | CMCSA Comcast Corporation | CALL | 1,830,000 |