Lone Pine Capital 13F: Cuts Amphenol (APH) Stake by $456M

Lone Pine Capital Slashes Position in Amphenol

Lone Pine Capital filed a Form 13F with the SEC detailing a major reduction in its holdings of Amphenol Corporation (NYSE: APH) during the period ended May 15, 2026. The fund cut its stake by 92.1%, shedding 2,586,689 shares. That left the fund holding 223,084 shares, which carried an estimated value of $39.3 million at the reporting date.

Reducing the Amphenol Corporation Holding

Before the trade, Lone Pine Capital owned 2,809,773 shares of Amphenol Corporation. By cutting 2,586,689 shares, the firm brought its position down to 223,084 shares. Institutional 13F filings look backward at holdings at the end of a specific quarter and may not reflect the fund's current daily position.

Amphenol Stock Performance and Valuation

Amphenol Corporation shares recently traded at $176.32. The company trades with a P/E ratio of 40.7 and a forward P/E of 24.4, while its 52-week trading range spans from $59.00 to $89.93. The stock sits well above its 50-day moving average of $82.36 and its 200-day moving average of $74.99.

Recent Analyst Updates on Amphenol

Wall Street firms have continued to adjust their outlooks and price targets for Amphenol Corporation. On October 12, 2026, Evercore ISI Group maintained an Outperform rating while lifting its target to $100.0 from $90.0. Citigroup maintained a Buy rating on October 8, 2026, raising its target from $105.0 to $112.0. UBS maintained a Buy rating on October 7, 2026, moving its target from $99.0 to $105.0. Goldman Sachs maintained a Buy rating on October 6, 2026, raising its target to $116.0 from $102.0. Bernstein initiated coverage with an Outperform rating and a $99.0 target on September 23, 2026. BNP Paribas maintained an Outperform rating on September 22, 2026, setting a $110.0 target. TD Cowen maintained a Hold rating on September 9, 2026, adjusting its target to $90.0 from $175.0. Barclays maintained an Overweight rating on September 8, 2026, adjusting its target to $100.0 from $200.0. Overall, the stock carries a strong buy recommendation from 19 analysts with a mean price target of $102.97.

Inside Amphenol Corporation's Business

Amphenol Corporation designs and manufactures electrical, electronic, and fiber optic connectors, along with interconnect systems and sensors, serving customers across the automotive, aerospace, communications, and industrial sectors. Founded in 1932 and based in Wallingford, Connecticut, the company employs roughly 170,000 people globally and serves original equipment manufacturers and service providers.

What to Watch Next for Amphenol

Investors tracking Amphenol Corporation should look toward its next earnings report scheduled for October 28, 2026, as well as subsequent 13F filings from major institutional investors to see how other large funds manage their positions. These filings provide a historical snapshot only and do not constitute financial advice.