LONE PINE CAPITAL LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ASML	ASML HOLDING N V	605,017	$647,283	4.8%	$1069.86	—	N Y REGISTRY SHS	N07059210
DASH	DOORDASH INC	2,529,879	$572,967	4.2%	$234.56	0.0%	CL A	25809K105
MDLN	MEDLINE INC	11,716,697	$492,101	3.6%	$42.23	0.0%	COM CL A	58507V107
CRS	CARPENTER TECHNOLOGY CORP	1,312,938	$413,365	3.0%	$300.56	0.0%	COM	144285103
THC	TENET HEALTHCARE CORP	1,787,326	$355,177	2.6%	$202.09	0.0%	COM NEW	88033G407
CLH	CLEAN HARBORS INC	1,378,125	$323,143	2.4%	$228.49	0.0%	COM	184496107
AFRM	AFFIRM HLDGS INC	3,817,170	$284,112	2.1%	$71.97	0.0%	COM CL A	00827B106
ENTG	ENTEGRIS INC	3,054,230	$257,319	1.9%	$86.76	0.0%	COM	29362U104
MA	MASTERCARD INCORPORATED	96,338	$54,997	0.4%	$558.95	0.0%	CL A	57636Q104
TDG	TRANSDIGM GROUP INC	19,228	$25,570	0.2%	$1310.75	0.0%	COM	893641100
BSX	BOSTON SCIENTIFIC CORP	201,703	$19,232	0.1%	$98.04	0.0%	COM	101137107
HLT	HILTON WORLDWIDE HLDGS INC	57,817	$16,608	0.1%	$272.20	0.0%	COM	43300A203
SPOT	SPOTIFY TECHNOLOGY S A	17,762	$10,315	0.1%	$625.13	0.0%	SHS	L8681T102
V	VISA INC	15,217	$5,337	0.0%	$340.38	0.0%	COM CL A	92826C839

Increased Positions (9)

KKR KKR & CO INC 4.7%

Value ($000) $637,538 (+20.2%) Shares 5,001,085 (+22.6%) Est. Cost $82.41 Unrealized +50.8%

NU NU HLDGS LTD 3.6%

Value ($000) $496,010 (+21.9%) Shares 29,630,237 (+16.6%) Est. Cost $14.25 Unrealized +12.8%

AVGO BROADCOM INC 4.4%

Value ($000) $598,828 (+17.1%) Shares 1,730,216 (+11.7%) Est. Cost $311.09 Unrealized +14.8%

VST VISTRA CORP 6.2%

Value ($000) $840,833 (-8.7%) Shares 5,211,885 (+10.9%) Est. Cost $88.85 Unrealized +104.8%

VMC VULCAN MATLS CO 3.5%

Value ($000) $480,291 (+12.8%) Shares 1,683,932 (+21.6%) Est. Cost $285.01 Unrealized +2.9%

BN BROOKFIELD CORP 5.4%

Value ($000) $730,723 (+4.7%) Shares 15,923,360 (+56.4%) Est. Cost $42.12 Unrealized +8.2%

MSFT MICROSOFT CORP 4.4%

Value ($000) $596,848 (-4.7%) Shares 1,234,125 (+2.1%) Est. Cost $218.10 Unrealized +129.5%

TLN TALEN ENERGY CORP 3.6%

Value ($000) $484,487 (-4.5%) Shares 1,292,516 (+8.4%) Est. Cost $186.08 Unrealized +108.9%

WING WINGSTOP INC 2.8%

Value ($000) $380,453 (+1.4%) Shares 1,595,258 (+7.0%) Est. Cost $306.59 Unrealized -19.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KKR	KKR & CO INC	5,001,085 (+22.6%)	$637,538 (+20.2%)	4.7%	$82.41	+50.8%	COM	48251W104
NU	NU HLDGS LTD	29,630,237 (+16.6%)	$496,010 (+21.9%)	3.6%	$14.25	+12.8%	ORD SHS CL A	G6683N103
AVGO	BROADCOM INC	1,730,216 (+11.7%)	$598,828 (+17.1%)	4.4%	$311.09	+14.8%	COM	11135F101
VST	VISTRA CORP	5,211,885 (+10.9%)	$840,833 (-8.7%)	6.2%	$88.85	+104.8%	COM	92840M102
VMC	VULCAN MATLS CO	1,683,932 (+21.6%)	$480,291 (+12.8%)	3.5%	$285.01	+2.9%	COM	929160109
BN	BROOKFIELD CORP	15,923,360 (+56.4%)	$730,723 (+4.7%)	5.4%	$42.12	+8.2%	CL A LTD VT SH	11271J107
MSFT	MICROSOFT CORP	1,234,125 (+2.1%)	$596,848 (-4.7%)	4.4%	$218.10	+129.5%	COM	594918104
TLN	TALEN ENERGY CORP	1,292,516 (+8.4%)	$484,487 (-4.5%)	3.6%	$186.08	+108.9%	COM	87422Q109
WING	WINGSTOP INC	1,595,258 (+7.0%)	$380,453 (+1.4%)	2.8%	$306.59	-19.2%	COM	974155103

Exited Positions (7)

META META PLATFORMS INC 7.1%

Value ($000) $971,041 Shares 1,322,260 Est. Cost $372.10 Unrealized +79.3%

SBUX STARBUCKS CORP 3.5%

Value ($000) $470,541 Shares 5,561,954 Est. Cost $87.27 Unrealized -3.7%

EQT EQT CORP 3.3%

Value ($000) $455,138 Shares 8,361,889 Est. Cost $53.48 Unrealized +4.9%

FLUT FLUTTER ENTMT PLC 3.2%

Value ($000) $440,267 Shares 1,733,336 Est. Cost $253.37 Unrealized -11.2%

SE SEA LTD 2.5%

Value ($000) $334,136 Shares 1,869,501 Est. Cost $178.73 Unrealized —

CIEN CIENA CORP 2.1%

Value ($000) $292,310 Shares 2,006,662 Est. Cost $101.84 Unrealized +90.5%

ETSY ETSY INC 1.9%

Value ($000) $257,614 Shares 3,880,316 Est. Cost $59.71 Unrealized +2.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	1,322,260	$971,041	7.1%	$372.10	+79.3%	—	30303M102
SBUX	STARBUCKS CORP	5,561,954	$470,541	3.5%	$87.27	-3.7%	—	855244109
EQT	EQT CORP	8,361,889	$455,138	3.3%	$53.48	+4.9%	—	26884L109
FLUT	FLUTTER ENTMT PLC	1,733,336	$440,267	3.2%	$253.37	-11.2%	—	G3643J108
SE	SEA LTD	1,869,501	$334,136	2.5%	$178.73	—	—	81141R100
CIEN	CIENA CORP	2,006,662	$292,310	2.1%	$101.84	+90.5%	—	171779309
ETSY	ETSY INC	3,880,316	$257,614	1.9%	$59.71	+2.2%	—	29786A106

Decreased Positions (7)

PM PHILIP MORRIS INTL INC 3.1%

Value ($000) $424,030 (-43.3%) Shares 2,643,579 (-42.7%) Est. Cost $123.55 Unrealized +24.3%

APP APPLOVIN CORP 3.9%

Value ($000) $525,937 (-34.0%) Shares 780,530 (-29.6%) Est. Cost $147.18 Unrealized +328.1%

BKNG BOOKING HOLDINGS INC 0.2%

Value ($000) $24,795 (-85.3%) Shares 4,630 (-85.1%) Est. Cost $5094.53 Unrealized +0.9%

AMZN AMAZON COM INC 4.1%

Value ($000) $557,320 (-9.7%) Shares 2,414,520 (-14.1%) Est. Cost $149.80 Unrealized +52.7%

COF CAPITAL ONE FINL CORP 4.1%

Value ($000) $556,190 (+1.8%) Shares 2,294,891 (-10.7%) Est. Cost $170.68 Unrealized +30.2%

LPLA LPL FINL HLDGS INC 5.4%

Value ($000) $741,109 (-1.2%) Shares 2,074,948 (-8.0%) Est. Cost $234.02 Unrealized +51.1%

APH AMPHENOL CORP NEW 2.8%

Value ($000) $379,713 (+1.5%) Shares 2,809,773 (-7.1%) Est. Cost $109.40 Unrealized +22.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PM	PHILIP MORRIS INTL INC	2,643,579 (-42.7%)	$424,030 (-43.3%)	3.1%	$123.55	+24.3%	COM	718172109
APP	APPLOVIN CORP	780,530 (-29.6%)	$525,937 (-34.0%)	3.9%	$147.18	+328.1%	COM CL A	03831W108
BKNG	BOOKING HOLDINGS INC	4,630 (-85.1%)	$24,795 (-85.3%)	0.2%	$5094.53	+0.9%	COM	09857L108
AMZN	AMAZON COM INC	2,414,520 (-14.1%)	$557,320 (-9.7%)	4.1%	$149.80	+52.7%	COM	023135106
COF	CAPITAL ONE FINL CORP	2,294,891 (-10.7%)	$556,190 (+1.8%)	4.1%	$170.68	+30.2%	COM	14040H105
LPLA	LPL FINL HLDGS INC	2,074,948 (-8.0%)	$741,109 (-1.2%)	5.4%	$234.02	+51.1%	COM	50212V100
APH	AMPHENOL CORP NEW	2,809,773 (-7.1%)	$379,713 (+1.5%)	2.8%	$109.40	+22.1%	CL A	032095101

Unchanged Positions (2)

CVNA CARVANA CO 5.5%

Value ($000) $750,912 Shares 1,779,328 Est. Cost $221.24 Unrealized +68.0%

TSM TAIWAN SEMICONDUCTOR MFG LTD 6.8%

Value ($000) $927,594 Shares 3,052,400 Est. Cost $97.63 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CVNA	CARVANA CO	1,779,328	$750,912	5.5%	$221.24	+68.0%	CL A	146869102
TSM	TAIWAN SEMICONDUCTOR MFG LTD	3,052,400	$927,594	6.8%	$97.63	—	SPONSORED ADS	874039100