Lone Pine Capital 13F: Adds $99M to ASML Stake

Lone Pine Capital Increases Investment in ASML Holding

Lone Pine Capital adjusted its portfolio during the period, raising its investment in ASML Holding N.V. (NasdaqGS: ASML) according to a Form 13F filing submitted to the U.S. Securities and Exchange Commission on May 15, 2026. The fund is known for taking focused positions in growth-oriented companies, and this latest update shows continued confidence in the semiconductor equipment sector alongside other recent portfolio moves like its scaling up of Spotify Technology S.A..

Position Details and Share Changes

During the period, Lone Pine Capital grew its stake by 50,131 shares, representing an 8.3% increase from its prior holding. The fund started the period with 605,017 shares and wrapped it up with 655,148 shares. Based on reporting parameters, that ending block of shares carried a total value of approximately $1.29 billion.

ASML Stock Levels and Market Standing

Shares of ASML Holding have traded at high levels relative to past ranges, reflecting strong demand for advanced lithography systems used in chip manufacturing. The company commands a massive market valuation of over $636 billion and trades with a P/E ratio of 40.8. Its business spans the Netherlands, the United States, and across Asia, supplying essential extreme ultraviolet and deep ultraviolet tools to major chipmakers.

Analysts Set New Price Targets

Wall Street firms frequently update their outlooks on the semiconductor equipment provider. On October 15, 2026, JP Morgan maintained an Overweight rating while moving its target to $2350.00 from $2400.00. Earlier in the summer, on July 16, 2026, JP Morgan kept an Overweight rating with a $2400.00 target, while Wells Fargo held an Overweight rating at a $2500.00 target and RBC Capital kept an Outperform rating at $2100.00. RBC Capital also adjusted a target to $2000.00 on July 14, 2026, and Bernstein set a $2623.00 target on July 6, 2026. Later in June, B of A Securities kept a Buy rating with a $2345.00 target on June 22, 2026, alongside Wells Fargo maintaining an Overweight rating at $1750.00. Overall, the stock maintains a consensus recommendation of Strong Buy.

Understanding the Business Behind the Filing

Headquartered in Veldhoven, Netherlands, ASML Holding N.V. designs and builds complex lithography, metrology, and inspection systems used to manufacture microchips. Its product lineup includes advanced extreme ultraviolet technology alongside deep ultraviolet immersion solutions, computational software, and dedicated customer upgrade services.

What to Watch Next for the Fund

Because 13F filings look backward at holdings from the close of a past quarter, observers tracking Lone Pine Capital will need to review subsequent SEC disclosures to see if the fund continues adding to its ASML position. The company itself is scheduled to report its next round of earnings on January 27, 2027, which will provide fresh financial data on its operational progress.