Lone Pine Capital 13F: New $351M Stake in US Foods (USFD)

Lone Pine Capital Takes New Position in US Foods Holding Corp

Lone Pine Capital filed its latest Form 13F with the SEC, revealing a brand-new stake in US Foods Holding Corp. (NYSE: USFD). The fund bought 3,795,998 shares of the food distributor. Based on the cost basis of $88.39 per share, the newly initiated investment carried an estimated value of about $350.5 million for the portfolio.

Inside the New USFD Holding

Because this was a fresh purchase, Lone Pine Capital started the period with zero shares of US Foods Holding Corp. and ended with 3,795,998 shares. Institutional filings look backward at holdings from the close of the reporting period on May 15, 2026, so this position may not reflect the fund's current holdings today. The move comes as the fund actively adjusts its portfolio, following earlier complete exits from names like Etsy, Inc. and larger bets in other sectors.

USFD Stock Trades Near Moving Averages

US Foods Holding Corp. shares trade at $92.34, hovering close to the 200-day moving average of $91.36. The company has a 52-week low of $69.87 and a 52-week high of $111.42. With a trailing P/E ratio of 28.9, the business trades at a moderate multiple compared to its forward P/E ratio of 16.9.

Analysts Set New Price Targets

Wall Street firms continue to update their views on the distributor. On October 15, 2026, Morgan Stanley maintained its Equal-Weight rating and raised its price target to $111.00 from $107.00. Earlier, on September 29, 2026, JP Morgan maintained a Neutral rating while adjusting its target from $108.00 to $98.00. Piper Sandler also kept a Neutral rating on August 12, 2026, lifting its target to $108.00 from $88.00. UBS maintained a Buy rating on August 7, 2026, taking its target up to $127.00. Citigroup followed suit on the same day by maintaining a Buy rating with a target of $124.00, while Guggenheim kept a Buy rating with a $120.00 target and Wells Fargo maintained an Overweight rating with a $125.00 target. BTIG also kept a Buy rating on August 7, 2026, with a target of $120.00.

Understanding the Food Distribution Business

US Foods Holding Corp. operates out of Rosemont, Illinois, supplying fresh, frozen, and dry food products to restaurants, hospitals, and educational institutions across the United States. The company also offers the MOXe business application to help clients manage their kitchen supply chains efficiently. Institutional interest from major funds often focuses on how these distributors manage operational scale and inflation.

What to Watch at USFD

Investors tracking US Foods Holding Corp. will look toward the company's next earnings report scheduled for November 5, 2026, for updated revenue and profit figures. Future SEC filings will also show whether Lone Pine Capital builds on this new position or scales back its holdings in subsequent quarters.