Lone Pine Capital’s Top 10 Third Quarter Share Holdings

Following is information regarding Lone Pine Capital’s top holdings for the third quarter of 2011.

  • Apple Inc. (NASDAQ:AAPL): On 6/30/11 Lone Pine Capital reported holding 1,977,263 shares with a market value of $663,707,898. This comprised 5.10% of the total portfolio. On 9/30/11, Lone Pine Capital held 2,059,427 shares with a market value of $785,300,719. This comprised 6.53% of the total portfolio. The net change in shares for this position over the two quarters is 82,164. About the company: Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.
  • Cognizant Technology Solutions Corp. (NASDAQ:CTSH): On 6/30/11 Lone Pine Capital reported holding 8,605,660 shares with a market value of $631,139,073. This comprised 4.85% of the total portfolio. On 9/30/11, Lone Pine Capital held 10,697,067 shares with a market value of $670,706,109. This comprised 5.58% of the total portfolio. The net change in shares for this position over the two quarters is 2,091,407. About the company: Cognizant Technology Solutions Corporation provides custom Information Technology (NYSE:IT) consulting and technology services as well as outsourcing services. The Company’s core competencies include technology strategy consulting, complex systems development, enterprise software package implementation and maintenance, data warehousing and business intelligence.
  • Dollar General Corporation (NYSE:DG): On 6/30/11 Lone Pine Capital reported holding 16,190,141 shares with a market value of $548,683,869. This comprised 4.21% of the total portfolio. On 9/30/11, Lone Pine Capital held 15,811,147 shares with a market value of $597,028,884. This comprised 4.97% of the total portfolio. The net change in shares for this position over the two quarters is -378,994. About the company: Dollar General Corp. operates a chain of discount retail stores located primarily in the southern, southwestern, midwestern and eastern United States. The Company offer a broad selection of merchandise, including consumable products such as food, paper and cleaning products, health and beauty products and pet supplies, and non-consumable products such as seasonal merchandise.
  • Polo Ralph Lauren Corp. (NYSE:RL): On 6/30/11 Lone Pine Capital reported holding 4,085,898 shares with a market value of $541,830,936. This comprised 4.16% of the total portfolio. On 9/30/11, Lone Pine Capital held 4,215,814 shares with a market value of $546,791,063. This comprised 4.55% of the total portfolio. The net change in shares for this position over the two quarters is 129,916. About the company: Polo Ralph Lauren Corporation designs, markets, and distributes men’s, women’s and children’s apparel, accessories, fragrances, and home furnishings. The Company’s products are sold under a wide range of brands. Polo’s operations include Wholesale, Retail and Licensing.
  • Express Scripts Inc. (NASDAQ:ESRX): On 6/30/11 Lone Pine Capital reported holding 8,046,327 shares with a market value of $434,340,728. This comprised 3.34% of the total portfolio. On 9/30/11, Lone Pine Capital held 13,443,610 shares with a market value of $498,354,619. This comprised 4.15% of the total portfolio. The net change in shares for this position over the two quarters is 5,397,283. About the company: Express Scripts, Inc is a full service pharmacy benefit management and specialty managed care company serving clients throughout North America. The Company’s customers include managed care organizations, insurance carriers, third party administrators, employers, and union-sponsored benefit plans. Express provides pharmacy network management, formulary management, and other services.
  • Crown Castle International Corp. (NYSE:CCI): On 6/30/11 Lone Pine Capital reported holding 12,086,465 shares with a market value of $493,006,918. This comprised 3.79% of the total portfolio. On 9/30/11, Lone Pine Capital held 12,145,787 shares with a market value of $493,969,135. This comprised 4.11% of the total portfolio. The net change in shares for this position over the two quarters is 59,322. About the company: Crown Castle International Corp. engineers, deploys, owns, and operates shared wireless infrastructure. The Company offers wireless communications coverage to various United States markets and most of the Australian populations. Crown Castle owns, operates, and manages various wireless communication towers internationally.
  • Google Inc. (NASDAQ:GOOG): On 6/30/11 Lone Pine Capital reported holding 831,332 shares with a market value of $420,969,902. This comprised 3.23% of the total portfolio. On 9/30/11, Lone Pine Capital held 938,388 shares with a market value of $483,307,335. This comprised 4.02% of the total portfolio. The net change in shares for this position over the two quarters is 107,056. About the company: Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches.
  • News Corp. (NASDAQ:NWSA): On 6/30/11 Lone Pine Capital reported holding 4,726,120 shares with a market value of $83,652,328. This comprised 0.64% of the total portfolio. On 9/30/11, Lone Pine Capital held 26,522,223 shares with a market value of $410,564,000. This comprised 3.42% of the total portfolio. The net change in shares for this position over the two quarters is 21,796,103. About the company: News Corporation is a diversified global media company. The Company’s operations include the production and distribution of motion pictures and television programming. The Company provides television, direct satellite, and cable broadcasting and the publication of newspapers, magazines, books and promotional inserts.
  • Schlumberger Limited (NYSE:SLB): On 6/30/11 Lone Pine Capital reported holding 4,086,591 shares with a market value of $353,081,469. This comprised 2.71% of the total portfolio. On 9/30/11, Lone Pine Capital held 6,041,581 shares with a market value of $360,863,630. This comprised 3.00% of the total portfolio. The net change in shares for this position over the two quarters is 1,954,990. About the company: Schlumberger Limited is an oil services company. The Company, through its subsidiaries, provides a wide range of services, including technology, project management and information solutions to the international petroleum industry as well as advanced acquisition and data processing surveys.
  • QUALCOMM Incorporated (NASDAQ:QCOM): On 6/30/11 Lone Pine Capital reported holding 6,171,973 shares with a market value of $350,506,352. This comprised 2.69% of the total portfolio. On 9/30/11, Lone Pine Capital held 7,222,518 shares with a market value of $351,231,058. This comprised 2.92% of the total portfolio. The net change in shares for this position over the two quarters is 1,050,545. About the company: QUALCOMM, Inc. develops and manufactures digital wireless communications equipment. The Company licenses its Code Division Multiple Access (CDMA) intellectual property to other companies, and produces CDMA-based integrated circuits; equipment and software used to track workers and assets; software for wireless content enablement; and offers services to deliver multimedia content.

(Note: Data regarding Lone Pine Capital’s stock holdings are sourced from whalewisdom.com.  All data are assumed to be accurate.)

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