Lone Pine Capital LLC

CRD#156602
Investment Advisor Firm

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Learn more about Lone Pine Capital LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Lone Pine Capital LLC operates as a financial advisor firm located in Greenwich, Connecticut. It has $17.1 billion in assets under management throughout 10 client accounts, placing it among the largest investment advisory firms in the United States by assets under management (AUM). It has a large group, including 19 financial advisors. Lone Pine Capital LLC does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable financial investments such as bonds, options and stocks.

    Lone Pine Capital LLC administers all of the company's accounts in a discretionary manner. Discretionary management is a structure in which transaction judgments for the client's account are made by an investment advisor without needing to seek the client's authorization. The investment advisory firm's typical account size is $1.7 billion. An average financial advisor at Lone Pine Capital LLC manages fewer than one client account, making it one of the most individualized firms in the country.

    Lone Pine Capital LLC's central office is at Two Greenwich Plaza, Greenwich, Connecticut 6830. Lone Pine Capital LLC is allowed to provide services to customers across a few states, including California, Connecticut and Delaware.

    Assets Under Management

    $17.1 billion

    Number of Advisors

    19

    Disclosures

    No

    Office Location

    Two Greenwich Plaza
    Greenwich, CT 06830

    Lone Pine Capital LLC by the Numbers

    Total Assets Under Management

    $17.1 billion

    National Average: $8.6 billion
    Total Number of Employees

    106

    National Average: 64
    Total Number of Accounts

    10

    National Average: 375,227
    Average Account Size

    $1.7 billion

    National Average: $23.0 thousand
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    Fee Structure

    A financial advisor's fees usually depend on which services the firm provides the client. However, fees billed by the firm likely are comprised of the following fee types: asset-based or performance-based. The firm does not participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Back to Overview

    Types of Clients

    Lone Pine Capital LLC works with pooled investment vehicles and pension plans. Out of its 10 customers, Lone Pine Capital LLC's largest client type is pooled investment vehicles. About 50% of the firm's accounts are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Lone Pine Capital LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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