Lone Pine Capital 13F: Cuts Brookfield (BN) Stake by $201M

Lone Pine Capital Trims Brookfield Corporation Stake

Lone Pine Capital scaled back its investment in Brookfield Corporation (NYSE:BN) on May 15, 2026, according to a recent Form 13F filing with the Securities and Exchange Commission. Because 13F filings look backward at past holdings, this report reflects the fund's position at that time and might not show its current stance. The hedge fund lowered its exposure to the multi-asset manager by trimming millions of shares from its portfolio, marking a notable shift for one of its prominent financial holdings following earlier moves this year like exiting Etsy and adding to Spotify.

Trimming the Position

The fund cut its stake by 29.60676013102762%, parting ways with 4,714,391 shares during the period. Lone Pine started the term holding 15,923,360 shares and wrapped up the period with 11,208,969 shares. That remaining stake carried a reported value of about $477.4 million based on the filing data. This move follows other recent portfolio shifts by the fund, which has been adjusting its positions across several major equities.

Brookfield Corporation Stock Performance

Shares of Brookfield Corporation trade on the New York Stock Exchange under the ticker BN. On the day of publication, Saturday, the stock changed hands at $42.59. Over the past year, the equity has moved between a 52-week low of $35.61 and a high of $49.57. It sits near its 200-day moving average of $43.08, while the 50-day moving average rests at $39.44.

Analysts Set New Price Targets

Wall Street firms continue to monitor the asset manager, with 10 analyst opinions contributing to a consensus buy recommendation and a mean price target of $54.25. On August 14, 2026, Scotiabank maintained its sector outperform rating on the stock while lifting its price target to $54.00 from $53.00. Earlier, on July 21, 2026, Morgan Stanley maintained an overweight rating while adjusting its target to $59.00 from $61.00.

What Brookfield Corporation Does

Brookfield Corporation operates as a global multi-asset manager with a strong focus on real estate, renewable power, infrastructure, and private equity investments. The Toronto-based firm manages capital for both institutional and retail clients, acquiring premier assets and running various alternative investment strategies across international markets. Its operations span North America, Europe, and Asia, touching vital sectors such as business services, industrials, and energy transition.

Looking Ahead for the Fund and Company

Investors will want to watch for the company's next earnings report scheduled for November 12, 2026, to see how underlying revenues and earnings per share trend. Future SEC filings from major institutional holders like Lone Pine will also reveal whether the fund continues to pare back its position or stabilizes its holdings in the financial services firm. These disclosures remain historical snapshots of past activity rather than current recommendations.