Lone Pine 13-F: Raises stake in ASML, Cuts TSM, Exits AVGO
- New: Teradyne (TER), Corning (GLW), MasTec (MTZ), US Foods (USFD), Performance Food (PFGC)
- Raises: Carpenter Tech (CRS), ASML (ASML), Clean Harbors (CLH), Entegris (ENTG), Talen Energy (TLN)
- Cuts: KKR (KKR), TSMC (TSM), Vulcan Materials (VMC), Amphenol (APH), Brookfield (BAM)
- Exits: Broadcom (AVGO), Microsoft (MSFT), DoorDash (DASH), Amazon (AMZN), Philip Morris (PM)
- Top: Vistra (VST), ASML (ASML), Carpenter Tech (CRS), LPL Financial (LPLA), AppLovin (APP)
Context
Lone Pine's adjustments in their 13-F filing indicate a strategic pivot, notably increasing their stake in ASML while exiting positions in major tech names like Broadcom and Amazon. This shift reflects a bullish outlook on semiconductors, particularly ASML, which suggests they anticipate strong demand or performance improvements in that sector, while potentially expressing caution on broader tech exposure. The changes may also influence the stock dynamics of the affected companies and their peers.
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