Hedge fund Lone Pine Capital built large bets on two high-performing stocks during the second quarter, a new U.S. Securities and Exchange Commission filing shows.
Shares of Live Nation are up more than 23% year to date, outperforming the S & P 500.
The new additions came as Lone Pine trimmed many of its top holdings, including Workday and Amazon .
Lone Pine added to its positions in Microsoft , Amazon and Taiwan Semiconductor in the fourth quarter of last year, just before the tech sector took off.
The quarterly hedge fund filings do not show trading data that would reveal when Lone Pine sold or bought shares of any individual stock.
Persons:
Lone Pine, Stephen Mandel, Verity, Mandel, Julian Robertson
Organizations:
Lone Pine Capital, . Securities, Exchange Commission, Entertainment, Nvidia, Booking Holdings, Mastercard, Devices, Tiger Management, Microsoft, Amazon, Taiwan Semiconductor, Lone
Locations:
Lone