other names
{{ Info.Overview }}
Revenue {{ Info.Revenue | formatUSD }}
Headquarters {{ Info.Headquarters }}

Adviser Profile

As of Date 09/04/2024
Adviser Type - Large advisory firm
Number of Employees 104 -1.89%
of those in investment advisory functions 22 15.79%
Registration SEC, Approved, 2/27/2012
AUM* 17,467,446,200 2.29%
of that, discretionary 17,467,446,200 2.29%
Private Fund GAV* 17,040,133,000 -25.88%
Avg Account Size 1,455,620,517 -14.76%
SMA’s Yes
Private Funds 11 2
Contact Info (20 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Pension and profit sharing plans

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
39B 33B 28B 22B 17B 11B 6B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count9 GAV$16,895,533,000
Fund TypePrivate Equity Fund Count2 GAV$144,600,000

Similar advisers

Adviser Hedge Fund Liquidity Fund Private Equity Fund Real Estate Fund Securitized Asset Fund Venture Capital Fund Other Fund Total Private Fund GAV AUM #Funds
Adviser JACOBS LEVY EQUITY MANAGEMENT Hedge Fund3.0b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV3.0b AUM22.9b #Funds4
Adviser ADRIAN LEE & PARTNERS Hedge Fund7.0m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV7.0m AUM19.6b #Funds1
Adviser WOODLINE PARTNERS LP Hedge Fund15.0b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV15.0b AUM15.0b #Funds2
Adviser DAVENPORT & COMPANY LLC Hedge Fund658.2m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV658.2m AUM19.3b #Funds3
Adviser BLACKSTONE ALTERNATIVE SOLUTIONS L.L.C. Hedge Fund31.0b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV31.0b AUM16.8b #Funds28
Adviser FRED ALGER MANAGEMENT, LLC Hedge Fund57.0m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV57.0m AUM17.6b #Funds2
Adviser UNIVERSA INVESTMENTS L.P. Hedge Fund22.0b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV22.0b AUM16.2b #Funds37
Adviser CBRE INVESTMENT MANAGEMENT Hedge Fund17.3b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV17.3b AUM17.3b #Funds9
Adviser TWENTYFOUR ASSET MANAGEMENT (US) LP Hedge Fund30.3m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV30.3m AUM17.6b #Funds1
Adviser DRA ADVISORS LLC Hedge Fund15.5b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV15.5b AUM15.5b #Funds15

Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker023135106 Stock NameAMAZON COM INC $ Position$1,021,510,810 % Position8.00% $ Change19.00% # Change23.00%
Stck Ticker30303M102 Stock NameMETA PLATFORMS INC $ Position$1,082,676,952 % Position8.00% $ Change54.00% # Change36.00%
Stck Ticker92840M102 Stock NameVISTRA CORP $ Position$806,817,735 % Position6.00% $ Change37.00% # Change0.00%
Stck Ticker874039100 Stock NameTAIWAN SEMICONDUCTOR MFG LTD $ Position$731,647,570 % Position5.00% $ Change-30.00% # Change-30.00%
Stck Ticker79466L302 Stock NameSALESFORCE INC $ Position$639,887,449 % Position5.00% $ Change # Change
Stck Ticker594918104 Stock NameMICROSOFT CORP $ Position$712,481,704 % Position5.00% $ Change-21.00% # Change-18.00%
Stck Ticker21037T109 Stock NameCONSTELLATION ENERGY CORP $ Position$622,547,945 % Position5.00% $ Change94.00% # Change49.00%
Stck Ticker718172109 Stock NamePHILIP MORRIS INTL INC $ Position$543,951,638 % Position4.00% $ Change-20.00% # Change-33.00%
Stck Ticker852234103 Stock NameBLOCK INC $ Position$514,922,209 % Position4.00% $ Change4.00% # Change0.00%
Stck Ticker461202103 Stock NameINTUIT $ Position$572,165,181 % Position4.00% $ Change-4.00% # Change2.00%

Brochure Summary

Overview

A. General Description of Advisory Firm LPC commenced operations in June 1997 and currently has offices in Greenwich, Connecticut, New York, New York and Palo Alto, California. The managing member of LPC is Lone Pine Managing Member LLC ("LPMM") and Mr. Stephen F. Mandel, Jr. is the managing member of LPMM. B. Description of Advisory Services 1. Advisory Services LPC provides investment advisory services on a discretionary basis to its clients including the below listed private investment funds that are offered to sophisticated and institutional investors on a private placement basis (together with any other fund or vehicle LPC may advise in the future, collectively, the "LPC Funds"). The LPC Funds are structured as Delaware limited partnerships and Cayman Islands exempted limited companies. The Cypress Funds. Lone Redwood, L.P., a Delaware limited partnership ("Redwood"), Lone Cedar Intermediate Fund, Ltd., a Cayman Islands exempted company ("Cedar Intermediate"), Lone Cedar, Ltd., a Cayman Islands exempted company ("Cedar"), Lone Cypress, Ltd., a Cayman Islands exempted company ("Cypress") and Lone Spruce, L.P., a Delaware limited partnership ("Spruce"). Redwood, Cedar Intermediate, Cedar, Cypress and Spruce are referred to collectively as the "Cypress Funds". Cedar invests all of its investable assets in shares of Cedar Intermediate. Redwood and Cedar Intermediate invest a substantial portion of their assets in shares of Cypress, but may invest directly as well. The Cypress Funds launched in January 1998. The Cascade Funds. Lone Cascade, L.P., a Delaware limited partnership ("Cascade"), Lone Sierra, L.P., a Delaware limited partnership ("Sierra"), Lone Monterey, Ltd., a Cayman Islands exempted company ("Monterey") and Lone Monterey Master Fund, Ltd., a Cayman Islands exempted company ("Monterey Master Fund"). Cascade, Sierra, Monterey and Monterey Master Fund are referred to collectively as the "Cascade Funds". Monterey invests all of its investable assets in shares of Monterey Master Fund. The Cascade Funds launched in January 2005. Lone Basin. Lone Basin Growth Fund I, L.P. ("Basin") is a Delaware limited partnership launched in March 2024. Lone Baccata. Lone Baccata Opportunities Fund 2024-I, L.P. ("Baccata") is a Delaware limited partnership launched in March 2024. LPC may serve as investment adviser for other entities or accounts in the future. Lone Pine Associates LLC, a Delaware limited liability company and an affiliate of LPC ("LPA"), serves as the general partner to each of Redwood and Spruce and as the manager to Cedar Intermediate. Lone Pine Members LLC, a Delaware limited liability company and an affiliate of LPC
("LPM"), serves as the general partner to each of Cascade and Sierra and as the manager to Monterey Master Fund. LPMM is also the managing member of LPA and LPM. Lone Pine Private Investment Partners SPV GP LLC, a Delaware limited liability company and an affiliate of LPC ("LPSPV"), serves as the general partner to Baccata. Lone Pine Private Investment Partners I LLC, a Delaware limited liability company and an affiliate of LPC ("LPPIP"), serves as the general partner to Basin. 2. Investment Strategies and Types of Investments Please see Item 8 for a description of the investment strategies employed by LPC and certain material risks inherent in such strategies. The descriptions set forth in this Brochure of specific advisory services LPC offers to clients, and investment strategies pursued and investments made by LPC on behalf of its clients, should not be understood to limit in any way LPC's investment activities. LPC may offer any advisory services, engage in any investment strategy and make any investment, including any not described in this Brochure, that LPC considers appropriate, subject to each LPC Fund's investment objectives and guidelines. The investment strategies LPC pursues are speculative and entail substantial risks. Investors in the LPC Funds should be prepared to bear a substantial loss of capital. There can be no assurance that the investment objectives of any client will be achieved. C. Availability of Customized Services for Individual Clients In providing investment management and advisory services to the LPC Funds, subject to the terms of their respective governing documents, LPC formulates its investment objectives, directs and manages the investment and reinvestment of the LPC Funds' assets, and provides reports to the investors in the LPC Funds. Investment advice is provided directly to the LPC Funds and not individually to their underlying investors. Other than any limitations set forth in the governing documents of the LPC Funds, LPC's investors may not impose restrictions on LPC related to investing in certain securities or types of securities. LPC monitors and manages certain internal portfolio guidelines. These internal guidelines confer no rights on clients or investors and impose no additional legal obligations upon LPC. D. Wrap Fee Programs LPC does not participate as either a sponsor or manager of any wrap fee programs. E. Client Assets LPC managed approximately $14,523,592,100 of net assets on a discretionary basis (calculated as of December 31, 2023 for the Cascade and Cypress Funds, and as of the launches of Baccata and Basin in March 2024), and did not manage any client assets on a non-discretionary basis.