Lone pine sticks with big shopify bet, adds square and dumps zoom — check out the highlights

(This story is for CNBC Pro subscribers only.) Lone Pine Capital continued to build out its portfolio concentrated in e-commerce and technology bets in the third quarter. Founded by

billionaire hedge fund manager Stephen Mandel, Lone Pine released its positions from the end of the third quarter, showing a fund with more than $23 billion in equity positions. Lone Pine

took new positions in DocuSign , Match Group , Square , Atlassian , StoneCo and Nuance Communications . The hedge fund bought $890 million worth of DocuSign and about $872 million worth of

payments company Square. However, none of the fund's new holdings cracked the top 10 holdings at Lone Pine. Take a look at Lone Pine's top 10 holdings as of September 30. The

fund's most valuable position at the end of September was Shopify , a Canadian e-commerce company that offers users a platform for online stores. Shares of Shopify have soared nearly

130% in 2020 as the platform became a popular option of small businesses forced to shut their doors during the government mandated lockdown. The Greenwich, Connecticut-based hedge fund is

also heavily invested in other so-called "stay-at-home" plays like Amazon , Netflix , Coupa Software and PayPal . Shares of Amazon are up nearly 70% and shares of Netflix have

rallied nearly 50% this year as the two companies emerged as winners from the Covid-19 pandemic. Software companies like Coupa and fintech giant like PayPal are also benefiting from the

shift to remote working and contactless exchanges. Healthcare companies UnitedHealth Group and Humana also crack Lone Pine's top ten positions in the third quarter. Investors in the

health insurers were likely soothed by the likelihood of a divided government, which prevents a progressive Democratic agenda from making any major changes to the healthcare industry. Lone

Pine is also heavily invested in several popular internet names — Microsoft and Facebook . Those stocks, along with other Big Tech names, have contributed in large part to the S & P

500′s rally off its March lows. Lone Pine scaled back investments in Booking Holdings and TransDigm Group . Booking Holdings was a new addition to the fund in the second quarter, a move that

cemented its place as the fund's sixth-largest equity position at the time. The hedge fund closed positions in Salesforce , Zoom Video and Visa , SEC filings show. Mandel founded Lone

Pine Capital in 1996 and boasts one of the best long-term track records in the industry. The fund has returned an annualized 19.5% since starting in 1997, Mandel said in an investor letter

previously. Thomas Trutschel | Getty Images _(This story is for __CNBC Pro subscribers__ only.)_ Lone Pine Capital continued to build out its portfolio concentrated in e-commerce and

technology bets in the third quarter. Founded by billionaire hedge fund manager Stephen Mandel, Lone Pine released its positions from the end of the third quarter, showing a fund with more

than $23 billion in equity positions.  Lone Pine took new positions in DocuSign, Match Group, Square, Atlassian, StoneCo and Nuance Communications. The hedge fund bought $890 million worth

of DocuSign and about $872 million worth of payments company Square. However, none of the fund's new holdings cracked the top 10 holdings at Lone Pine. Take a look at Lone Pine's

top 10 holdings as of September 30.