Lone Pine Capital’s Travel + Leisure Co TNL Stock Holding History

Lone Pine Capital’s Portfolio TNL Stock Details TNL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-10,806,360	Closed	-$357M	–	61
2014 Q1	$357M	Sell	10,806,360 -3,109,136	-22%	-$102M	1.55%	25
2013 Q4	$463M	Buy	13,915,496 +1,276,283	+10%	+$39.1M	1.99%	20
2013 Q3	$348M	Buy	12,639,213 +2,126,675	+20%	+$58.2M	1.55%	30
2013 Q2	$272M	Buy	+10,512,538	New	+$289M	1.32%	32

Other funds holding TNL

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

IAM

Iridian Asset Management Westport, Connecticut $247M AUM 20.65% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

AllianceBernstein Nashville, Tennessee $309B AUM 23.92% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

D.E. Shaw & Co New York $166B AUM 43.98% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

Lone Pine Capital's TNL Position: Q2 2014 in Review

Lone Pine Capital sold out of Travel + Leisure Co (TNL) in Q2 2014, closing a stake of 10,806,360 shares — an estimated $357M sold.

Lone Pine Capital first reported a position in TNL in Q2 2013 and held it in 4 quarters. The position peaked at $463M in Q4 2013. 447 funds tracked by Wall St. Rank hold TNL as of Q2 2014.

Lone Pine Capital reported no remaining Travel + Leisure Co position as of Q2 2014 after selling out during the quarter.
Lone Pine Capital sold 10,806,360 Travel + Leisure Co shares in Q2 2014, an estimated $357M.
Lone Pine Capital first reported a position in Travel + Leisure Co in Q2 2013 and held it in 4 quarters.
Lone Pine Capital's Travel + Leisure Co position peaked at $463M in Q4 2013.
447 funds tracked by Wall St. Rank held Travel + Leisure Co as of Q2 2014.

Based on Lone Pine Capital's 13F filing for Q2 2014, filed 14 Aug 2014.