SSStrategicSignal

Exceptional Capital Signal · validated manager evidence

Follow demonstrated signal, not fame.

Strategic Signal tracks material NEW, ADD, REDUCE, and EXIT changes in public Form 13F holdings, then tests whether those disclosed moves historically carried post-filing signal. Manager eligibility is earned through a decade-scale, filing-date-aware backtest with held-out and recent-stability gates.

NEW · ADD · REDUCE · EXITMike Ye, author & editorElla, research analystMethodology v0.3.1Filing quarter = independent evidence unitDataset updated 2026-09-20
3qualified managers eligible for signal scoring
28scored events in the current release that pass the action-evidence gate
156notable events screened before scoring gates
128notable events withheld from the scored register

Manager evidence register

9 managers · 3 qualified · evidence measured after public filing

Only qualified managers can contribute a Manager Evidence input to a future live Exceptional Capital Signal.

ManagerStatusOOS evidenceRecent 6QPrice coverageLive eligibleHistorical signal profileSource
Duquesne Family Office LLCECM-DUQUESNEcandidateCandidate · coverage gate60.445.979.0%NoNot eligible for live scoringSEC EDGAR ↗
Berkshire Hathaway IncECM-BERKSHIREwatchWatch · overall, six month, twelve month, recent overall, recent twelve month40.840.581.3%NoNot eligible for live scoringSEC EDGAR ↗
Appaloosa LPECM-APPALOOSAqualifiedEligible for live scoring67.768.981.5%Yesaccumulation 82.8 · ADD 74.7 · NEW 73.0SEC EDGAR ↗
Baupost Group LLC/MAECM-BAUPOSTcandidateCandidate · coverage gate65.464.457.5%NoNot eligible for live scoringSEC EDGAR ↗
Pershing Square Capital Management, L.P.ECM-PERSHINGcandidateCandidate · coverage gate43.728.777.6%NoNot eligible for live scoringSEC EDGAR ↗
Coatue Management LLCECM-COATUEqualifiedEligible for live scoring69.661.682.9%Yesaccumulation 75.3 · ADD 78.3 · EXIT 68.3SEC EDGAR ↗
Viking Global Investors LPECM-VIKINGwatchWatch · recent overall, recent twelve month60.954.980.7%NoNot eligible for live scoringSEC EDGAR ↗
Lone Pine Capital LLCECM-LONEPINEqualifiedEligible for live scoring68.474.582.7%Yesaccumulation 65.0 · REDUCE 58.3 · NEW 56.3SEC EDGAR ↗
Tiger Global Management LLCECM-TIGERcandidateCandidate · coverage gate73.259.675.0%NoNot eligible for live scoringSEC EDGAR ↗

Why the evidence unit is a filing quarter

A single manager can generate dozens of position changes in one 13F. Treating each security event as independent would exaggerate confidence. Strategic Signal first equal-weights qualifying event outcomes within each manager-quarter-horizon, then evaluates those filing-quarter observations at 3, 6, and 12 months.

Current qualification result

Appaloosa LP, Coatue Management LLC, Lone Pine Capital LLC currently clear every published qualification gate. 2 managers are on watch and 4 remain candidates under the current evidence and data-sufficiency gates.

Diagnostic scores for non-qualified managers remain visible for transparency but do not make those managers eligible for live scoring.

Current scored signal register

Event Strength is a 0–100 composite measuring the strength of a specific disclosed 13F position change—not the quality of the company, a probability of future returns, or an expected-return forecast. Read every score together with its action: NEW and ADD represent accumulation; REDUCE and EXIT represent distribution.

Score definitions
OOS EvidenceThe manager’s historical evidence in the held-out test.
Recent 6QThe stability of that evidence across the latest six completed filing quarters.
Action EvidenceThe manager’s historical evidence for that specific action type, such as ADD.
Event StrengthThe individual disclosed-position-change score combining event materiality, portfolio weight, manager evidence, and cross-manager convergence.

Version 0.3.1 screened 156 notable events and published 28; the other 128 remain outside the scored register. Event Strength is not a recommendation or real-time trading signal.

Event strengthIssuerManagerEventAction evidenceConvergenceSource
76Event Strength
How 76 is calculated
Event materiality · 35% weight100.0/100 → 35.00 pts
Portfolio weight · 25% weight100.0/100 → 25.00 pts
Manager/action evidence · 20% weight78.3/100 → 15.66 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares165,931
Current disclosed shares3,142,269
Share-count change1793.72%
Previous portfolio weight0.19%
Current portfolio weight7.46%
Action evidence78.3
Qualified managers in convergence1
Unrounded weighted total75.66

76/100 Event Strength — strong accumulation. Coatue Management LLC increased its disclosed MU position from approximately 165,931 shares to 3,142,269 shares, making it approximately 7.46% of the disclosed 13F equity value; the action-evidence score is 78.3. The event has no cross-manager confirmation because only one qualified manager contributed.

MUMICRON TECHNOLOGY INC · SS-EC-2026-FFA1433217Coatue Management LLCADDaccumulation78.3single managerSEC filing ↗
71Event Strength
How 71 is calculated
Event materiality · 35% weight100.0/100 → 35.00 pts
Portfolio weight · 25% weight100.0/100 → 25.00 pts
Manager/action evidence · 20% weight56.3/100 → 11.26 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares0
Current disclosed shares1,207,737
Share-count change—
Previous portfolio weight—
Current portfolio weight5.34%
Action evidence56.3
Qualified managers in convergence1
Unrounded weighted total71.26

71/100 Event Strength — strong accumulation. Lone Pine Capital LLC disclosed a new AMAT position of approximately 1,207,737 shares; the action-evidence score is 56.3. The event has no cross-manager confirmation because only one qualified manager contributed.

AMATAPPLIED MATLS INC · SS-EC-2026-651CCDB0FELone Pine Capital LLCNEWaccumulation56.3single managerSEC filing ↗
71Event Strength
How 71 is calculated
Event materiality · 35% weight100.0/100 → 35.00 pts
Portfolio weight · 25% weight100.0/100 → 25.00 pts
Manager/action evidence · 20% weight56.3/100 → 11.26 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares0
Current disclosed shares2,603,189
Share-count change—
Previous portfolio weight—
Current portfolio weight5.61%
Action evidence56.3
Qualified managers in convergence1
Unrounded weighted total71.26

71/100 Event Strength — strong accumulation. Lone Pine Capital LLC disclosed a new HD position of approximately 2,603,189 shares; the action-evidence score is 56.3. The event has no cross-manager confirmation because only one qualified manager contributed.

HDHOME DEPOT INC · SS-EC-2026-A6C8F360E1Lone Pine Capital LLCNEWaccumulation56.3single managerSEC filing ↗
71Event Strength
How 71 is calculated
Event materiality · 35% weight100.0/100 → 35.00 pts
Portfolio weight · 25% weight98.9/100 → 24.71 pts
Manager/action evidence · 20% weight56.3/100 → 11.26 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares0
Current disclosed shares1,558,081
Share-count change—
Previous portfolio weight—
Current portfolio weight4.94%
Action evidence56.3
Qualified managers in convergence1
Unrounded weighted total70.97

71/100 Event Strength — strong accumulation. Lone Pine Capital LLC disclosed a new LINDE PLC position of approximately 1,558,081 shares; the action-evidence score is 56.3. The event has no cross-manager confirmation because only one qualified manager contributed.

LINDE PLCLINDE PLC · SS-EC-2026-8E28F0A5F0Lone Pine Capital LLCNEWaccumulation56.3single managerSEC filing ↗
71Event Strength
How 71 is calculated
Event materiality · 35% weight100.0/100 → 35.00 pts
Portfolio weight · 25% weight100.0/100 → 25.00 pts
Manager/action evidence · 20% weight56.3/100 → 11.26 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares0
Current disclosed shares4,258,008
Share-count change—
Previous portfolio weight—
Current portfolio weight7.19%
Action evidence56.3
Qualified managers in convergence1
Unrounded weighted total71.26

71/100 Event Strength — strong accumulation. Lone Pine Capital LLC disclosed a new NEBIUS GROUP N.V. position of approximately 4,258,008 shares; the action-evidence score is 56.3. The event has no cross-manager confirmation because only one qualified manager contributed.

NEBIUS GROUP N.V.NEBIUS GROUP N.V. · SS-EC-2026-907657B23ALone Pine Capital LLCNEWaccumulation56.3single managerSEC filing ↗
71Event Strength
How 71 is calculated
Event materiality · 35% weight100.0/100 → 35.00 pts
Portfolio weight · 25% weight100.0/100 → 25.00 pts
Manager/action evidence · 20% weight56.3/100 → 11.26 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares0
Current disclosed shares1,000,109
Share-count change—
Previous portfolio weight—
Current portfolio weight5.90%
Action evidence56.3
Qualified managers in convergence1
Unrounded weighted total71.26

71/100 Event Strength — strong accumulation. Lone Pine Capital LLC disclosed a new SEAGATE TECHNOLOGY HLDNGS PL position of approximately 1,000,109 shares; the action-evidence score is 56.3. The event has no cross-manager confirmation because only one qualified manager contributed.

SEAGATE TECHNOLOGY HLDNGS PLSEAGATE TECHNOLOGY HLDNGS PL · SS-EC-2026-0B873E8F99Lone Pine Capital LLCNEWaccumulation56.3single managerSEC filing ↗
63Event Strength
How 63 is calculated
Event materiality · 35% weight92.7/100 → 32.45 pts
Portfolio weight · 25% weight74.9/100 → 18.72 pts
Manager/action evidence · 20% weight58.3/100 → 11.66 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares1,389,530
Current disclosed shares101,242
Share-count change-92.71%
Previous portfolio weight3.74%
Current portfolio weight0.30%
Action evidence58.3
Qualified managers in convergence1
Unrounded weighted total62.83

63/100 Event Strength — moderate distribution. Lone Pine Capital LLC reduced its disclosed TSM position from approximately 1,389,530 shares to 101,242 shares; the action-evidence score is 58.3. This is the strength of a distribution event, not a positive score for the security. The event has no cross-manager confirmation because only one qualified manager contributed.

TSMTAIWAN SEMICONDUCTOR MANUFAC · SS-EC-2026-6207205E9ELone Pine Capital LLCREDUCEdistribution58.3single managerSEC filing ↗
62Event Strength
How 62 is calculated
Event materiality · 35% weight92.9/100 → 32.52 pts
Portfolio weight · 25% weight72.3/100 → 18.08 pts
Manager/action evidence · 20% weight58.3/100 → 11.66 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares11,208,969
Current disclosed shares792,717
Share-count change-92.93%
Previous portfolio weight3.62%
Current portfolio weight0.21%
Action evidence58.3
Qualified managers in convergence1
Unrounded weighted total62.27

62/100 Event Strength — moderate distribution. Lone Pine Capital LLC reduced its disclosed BN position from approximately 11,208,969 shares to 792,717 shares; the action-evidence score is 58.3. This is the strength of a distribution event, not a positive score for the security. The event has no cross-manager confirmation because only one qualified manager contributed.

BNBROOKFIELD CORP · SS-EC-2026-5E400532E6Lone Pine Capital LLCREDUCEdistribution58.3single managerSEC filing ↗
62Event Strength
How 62 is calculated
Event materiality · 35% weight100.0/100 → 35.00 pts
Portfolio weight · 25% weight62.6/100 → 15.64 pts
Manager/action evidence · 20% weight56.3/100 → 11.26 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares0
Current disclosed shares609,643
Share-count change—
Previous portfolio weight—
Current portfolio weight3.13%
Action evidence56.3
Qualified managers in convergence1
Unrounded weighted total61.90

62/100 Event Strength — moderate accumulation. Lone Pine Capital LLC disclosed a new STRL position of approximately 609,643 shares; the action-evidence score is 56.3. The event has no cross-manager confirmation because only one qualified manager contributed.

STRLSTERLING INFRASTRUCTURE INC · SS-EC-2026-28D89D6C94Lone Pine Capital LLCNEWaccumulation56.3single managerSEC filing ↗
62Event Strength
How 62 is calculated
Event materiality · 35% weight100.0/100 → 35.00 pts
Portfolio weight · 25% weight62.6/100 → 15.65 pts
Manager/action evidence · 20% weight56.3/100 → 11.26 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares0
Current disclosed shares2,738,075
Share-count change—
Previous portfolio weight—
Current portfolio weight3.13%
Action evidence56.3
Qualified managers in convergence1
Unrounded weighted total61.91

62/100 Event Strength — moderate accumulation. Lone Pine Capital LLC disclosed a new TTMI position of approximately 2,738,075 shares; the action-evidence score is 56.3. The event has no cross-manager confirmation because only one qualified manager contributed.

TTMITTM TECHNOLOGIES INC · SS-EC-2026-07F58D1081Lone Pine Capital LLCNEWaccumulation56.3single managerSEC filing ↗
61Event Strength
How 61 is calculated
Event materiality · 35% weight100.0/100 → 35.00 pts
Portfolio weight · 25% weight46.4/100 → 11.59 pts
Manager/action evidence · 20% weight73.0/100 → 14.60 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares0
Current disclosed shares800,000
Share-count change—
Previous portfolio weight—
Current portfolio weight2.32%
Action evidence73.0
Qualified managers in convergence1
Unrounded weighted total61.19

61/100 Event Strength — moderate accumulation. Appaloosa LP disclosed a new BA position of approximately 800,000 shares; the action-evidence score is 73.0. The event has no cross-manager confirmation because only one qualified manager contributed.

BABOEING CO · SS-EC-2026-5C2AFAF12BAppaloosa LPNEWaccumulation73.0single managerSEC filing ↗
61Event Strength
How 61 is calculated
Event materiality · 35% weight100.0/100 → 35.00 pts
Portfolio weight · 25% weight57.5/100 → 14.38 pts
Manager/action evidence · 20% weight56.3/100 → 11.26 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares0
Current disclosed shares13,280,030
Share-count change—
Previous portfolio weight—
Current portfolio weight2.88%
Action evidence56.3
Qualified managers in convergence1
Unrounded weighted total60.64

61/100 Event Strength — moderate accumulation. Lone Pine Capital LLC disclosed a new ON HLDG AG position of approximately 13,280,030 shares; the action-evidence score is 56.3. The event has no cross-manager confirmation because only one qualified manager contributed.

ON HLDG AGON HLDG AG · SS-EC-2026-F076D50DB0Lone Pine Capital LLCNEWaccumulation56.3single managerSEC filing ↗
59Event Strength
How 59 is calculated
Event materiality · 35% weight100.0/100 → 35.00 pts
Portfolio weight · 25% weight36.3/100 → 9.07 pts
Manager/action evidence · 20% weight73.0/100 → 14.60 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares0
Current disclosed shares7,500,000
Share-count change—
Previous portfolio weight—
Current portfolio weight1.81%
Action evidence73.0
Qualified managers in convergence1
Unrounded weighted total58.67

59/100 Event Strength — moderate accumulation. Appaloosa LP disclosed a new AAL position of approximately 7,500,000 shares; the action-evidence score is 73.0. The event has no cross-manager confirmation because only one qualified manager contributed.

AALAMERICAN AIRLINES GROUP INC · SS-EC-2026-1E5E005E9DAppaloosa LPNEWaccumulation73.0single managerSEC filing ↗
59Event Strength
How 59 is calculated
Event materiality · 35% weight54.6/100 → 19.12 pts
Portfolio weight · 25% weight100.0/100 → 25.00 pts
Manager/action evidence · 20% weight74.7/100 → 14.94 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares436,500
Current disclosed shares675,000
Share-count change54.64%
Previous portfolio weight4.21%
Current portfolio weight5.09%
Action evidence74.7
Qualified managers in convergence1
Unrounded weighted total59.06

59/100 Event Strength — moderate accumulation. Appaloosa LP increased its disclosed META position from approximately 436,500 shares to 675,000 shares, making it approximately 5.09% of the disclosed 13F equity value; the action-evidence score is 74.7. The event has no cross-manager confirmation because only one qualified manager contributed.

METAMETA PLATFORMS INC · SS-EC-2026-E11ADE0E0EAppaloosa LPADDaccumulation74.7single managerSEC filing ↗
58Event Strength
How 58 is calculated
Event materiality · 35% weight49.2/100 → 17.23 pts
Portfolio weight · 25% weight100.0/100 → 25.00 pts
Manager/action evidence · 20% weight78.3/100 → 15.66 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares7,930,766
Current disclosed shares11,834,799
Share-count change49.23%
Previous portfolio weight5.68%
Current portfolio weight5.80%
Action evidence78.3
Qualified managers in convergence1
Unrounded weighted total57.89

58/100 Event Strength — moderate accumulation. Coatue Management LLC increased its disclosed AMZN position from approximately 7,930,766 shares to 11,834,799 shares, making it approximately 5.80% of the disclosed 13F equity value; the action-evidence score is 78.3. The event has no cross-manager confirmation because only one qualified manager contributed.

AMZNAMAZON COM INC · SS-EC-2026-5E7C3AAE56Coatue Management LLCADDaccumulation78.3single managerSEC filing ↗
57Event Strength
How 57 is calculated
Event materiality · 35% weight100.0/100 → 35.00 pts
Portfolio weight · 25% weight28.7/100 → 7.18 pts
Manager/action evidence · 20% weight73.0/100 → 14.60 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares0
Current disclosed shares1,078,248
Share-count change—
Previous portfolio weight—
Current portfolio weight1.44%
Action evidence73.0
Qualified managers in convergence1
Unrounded weighted total56.78

57/100 Event Strength — moderate accumulation. Appaloosa LP disclosed a new CRWV position of approximately 1,078,248 shares; the action-evidence score is 73.0. The event has no cross-manager confirmation because only one qualified manager contributed.

CRWVCOREWEAVE INC · SS-EC-2026-0E33E9AEE0Appaloosa LPNEWaccumulation73.0single managerSEC filing ↗
55Event Strength
How 55 is calculated
Event materiality · 35% weight87.1/100 → 30.49 pts
Portfolio weight · 25% weight39.6/100 → 9.90 pts
Manager/action evidence · 20% weight74.7/100 → 14.94 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares692,100
Current disclosed shares1,295,000
Share-count change87.11%
Previous portfolio weight1.30%
Current portfolio weight1.98%
Action evidence74.7
Qualified managers in convergence1
Unrounded weighted total55.33

55/100 Event Strength — moderate accumulation. Appaloosa LP increased its disclosed BIDU position from approximately 692,100 shares to 1,295,000 shares, making it approximately 1.98% of the disclosed 13F equity value; the action-evidence score is 74.7. The event has no cross-manager confirmation because only one qualified manager contributed.

BIDUBAIDU INC · SS-EC-2026-58ED7B4724Appaloosa LPADDaccumulation74.7single managerSEC filing ↗
55Event Strength
How 55 is calculated
Event materiality · 35% weight85.3/100 → 29.84 pts
Portfolio weight · 25% weight54.1/100 → 13.53 pts
Manager/action evidence · 20% weight58.3/100 → 11.66 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares392,224
Current disclosed shares57,851
Share-count change-85.25%
Previous portfolio weight2.71%
Current portfolio weight0.27%
Action evidence58.3
Qualified managers in convergence1
Unrounded weighted total55.03

55/100 Event Strength — moderate distribution. Lone Pine Capital LLC reduced its disclosed MCK position from approximately 392,224 shares to 57,851 shares; the action-evidence score is 58.3. This is the strength of a distribution event, not a positive score for the security. The event has no cross-manager confirmation because only one qualified manager contributed.

MCKMCKESSON CORP · SS-EC-2026-7049FAFB09Lone Pine Capital LLCREDUCEdistribution58.3single managerSEC filing ↗
53Event Strength
How 53 is calculated
Event materiality · 35% weight100.0/100 → 35.00 pts
Portfolio weight · 25% weight15.2/100 → 3.79 pts
Manager/action evidence · 20% weight73.0/100 → 14.60 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares0
Current disclosed shares150,000
Share-count change—
Previous portfolio weight—
Current portfolio weight0.76%
Action evidence73.0
Qualified managers in convergence1
Unrounded weighted total53.39

53/100 Event Strength — moderate accumulation. Appaloosa LP disclosed a new AVGO position of approximately 150,000 shares; the action-evidence score is 73.0. The event has no cross-manager confirmation because only one qualified manager contributed.

AVGOBROADCOM INC · SS-EC-2026-D8D39BD6BCAppaloosa LPNEWaccumulation73.0single managerSEC filing ↗
53Event Strength
How 53 is calculated
Event materiality · 35% weight47.0/100 → 16.46 pts
Portfolio weight · 25% weight100.0/100 → 25.00 pts
Manager/action evidence · 20% weight58.3/100 → 11.66 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares1,817,940
Current disclosed shares962,839
Share-count change-47.04%
Previous portfolio weight5.71%
Current portfolio weight3.63%
Action evidence58.3
Qualified managers in convergence1
Unrounded weighted total53.12

53/100 Event Strength — moderate distribution. Lone Pine Capital LLC reduced its disclosed CRS position from approximately 1,817,940 shares to 962,839 shares; the action-evidence score is 58.3. This is the strength of a distribution event, not a positive score for the security. The event has no cross-manager confirmation because only one qualified manager contributed.

CRSCARPENTER TECHNOLOGY CORP · SS-EC-2026-F88F2E94A6Lone Pine Capital LLCREDUCEdistribution58.3single managerSEC filing ↗
53Event Strength
How 53 is calculated
Event materiality · 35% weight26.6/100 → 9.32 pts
Portfolio weight · 25% weight80.6/100 → 20.15 pts
Manager/action evidence · 20% weight58.3/100 → 11.66 pts
Cross-manager convergence · 20% weight60.0/100 → 12.00 pts
Previous disclosed shares3,718,147
Current disclosed shares2,728,058
Share-count change-26.63%
Previous portfolio weight4.03%
Current portfolio weight4.26%
Action evidence58.3
Qualified managers in convergence2
Unrounded weighted total53.13

53/100 Event Strength — moderate distribution. Lone Pine Capital LLC reduced its disclosed GLW position from approximately 3,718,147 shares to 2,728,058 shares; the action-evidence score is 58.3. This is the strength of a distribution event, not a positive score for the security. The event has confirmation from 2 qualified managers.

GLWCORNING INC · SS-EC-2026-DE4A1B2187Lone Pine Capital LLCREDUCEdistribution58.3multi managerSEC filing ↗
52Event Strength
How 52 is calculated
Event materiality · 35% weight100.0/100 → 35.00 pts
Portfolio weight · 25% weight13.0/100 → 3.25 pts
Manager/action evidence · 20% weight68.3/100 → 13.66 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares10,071,992
Current disclosed shares0
Share-count change-100.00%
Previous portfolio weight0.65%
Current portfolio weight—
Action evidence68.3
Qualified managers in convergence1
Unrounded weighted total51.91

52/100 Event Strength — moderate distribution. Coatue Management LLC's previously disclosed CHYM position no longer appeared in the comparable filing; the action-evidence score is 68.3. This is the strength of an exit event, not a positive score for the security. The event has no cross-manager confirmation because only one qualified manager contributed.

CHYMCHIME FINL INC · SS-EC-2026-5D6D99BBF3Coatue Management LLCEXITdistribution68.3single managerSEC filing ↗
52Event Strength
How 52 is calculated
Event materiality · 35% weight100.0/100 → 35.00 pts
Portfolio weight · 25% weight15.0/100 → 3.74 pts
Manager/action evidence · 20% weight68.3/100 → 13.66 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares718,753
Current disclosed shares0
Share-count change-100.00%
Previous portfolio weight0.75%
Current portfolio weight—
Action evidence68.3
Qualified managers in convergence1
Unrounded weighted total52.40

52/100 Event Strength — moderate distribution. Coatue Management LLC's previously disclosed V position no longer appeared in the comparable filing; the action-evidence score is 68.3. This is the strength of an exit event, not a positive score for the security. The event has no cross-manager confirmation because only one qualified manager contributed.

VVISA INC · SS-EC-2026-F13DFC9FEDCoatue Management LLCEXITdistribution68.3single managerSEC filing ↗
50Event Strength
How 50 is calculated
Event materiality · 35% weight40.5/100 → 14.19 pts
Portfolio weight · 25% weight98.3/100 → 24.58 pts
Manager/action evidence · 20% weight58.3/100 → 11.66 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares2,049,967
Current disclosed shares1,219,099
Share-count change-40.53%
Previous portfolio weight4.92%
Current portfolio weight2.10%
Action evidence58.3
Qualified managers in convergence1
Unrounded weighted total50.43

50/100 Event Strength — moderate distribution. Lone Pine Capital LLC reduced its disclosed LPLA position from approximately 2,049,967 shares to 1,219,099 shares; the action-evidence score is 58.3. This is the strength of a distribution event, not a positive score for the security. The event has no cross-manager confirmation because only one qualified manager contributed.

LPLALPL FINL HLDGS INC · SS-EC-2026-06529AA2A0Lone Pine Capital LLCREDUCEdistribution58.3single managerSEC filing ↗
45Event Strength
How 45 is calculated
Event materiality · 35% weight28.9/100 → 10.10 pts
Portfolio weight · 25% weight93.0/100 → 23.24 pts
Manager/action evidence · 20% weight58.3/100 → 11.66 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares1,464,923
Current disclosed shares1,042,268
Share-count change-28.85%
Previous portfolio weight4.65%
Current portfolio weight3.28%
Action evidence58.3
Qualified managers in convergence1
Unrounded weighted total45.00

45/100 Event Strength — limited distribution. Lone Pine Capital LLC reduced its disclosed APP position from approximately 1,464,923 shares to 1,042,268 shares; the action-evidence score is 58.3. This is the strength of a distribution event, not a positive score for the security. The event has no cross-manager confirmation because only one qualified manager contributed.

APPAPPLOVIN CORP · SS-EC-2026-66C3FC509DLone Pine Capital LLCREDUCEdistribution58.3single managerSEC filing ↗
36Event Strength
How 36 is calculated
Event materiality · 35% weight40.5/100 → 14.16 pts
Portfolio weight · 25% weight45.1/100 → 11.28 pts
Manager/action evidence · 20% weight52.9/100 → 10.58 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares496,234
Current disclosed shares295,406
Share-count change-40.47%
Previous portfolio weight2.26%
Current portfolio weight1.21%
Action evidence52.9
Qualified managers in convergence1
Unrounded weighted total36.02

36/100 Event Strength — limited distribution. Coatue Management LLC reduced its disclosed ASML HLDG NV position from approximately 496,234 shares to 295,406 shares; the action-evidence score is 52.9. This is the strength of a distribution event, not a positive score for the security. The event has no cross-manager confirmation because only one qualified manager contributed.

ASML HLDG NVASML HLDG NV · SS-EC-2026-1B3BDDD288Coatue Management LLCREDUCEdistribution52.9single managerSEC filing ↗
36Event Strength
How 36 is calculated
Event materiality · 35% weight58.3/100 → 20.41 pts
Portfolio weight · 25% weight20.8/100 → 5.20 pts
Manager/action evidence · 20% weight52.9/100 → 10.58 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares761,760
Current disclosed shares317,465
Share-count change-58.32%
Previous portfolio weight1.04%
Current portfolio weight0.29%
Action evidence52.9
Qualified managers in convergence1
Unrounded weighted total36.19

36/100 Event Strength — limited distribution. Coatue Management LLC reduced its disclosed SNPS position from approximately 761,760 shares to 317,465 shares; the action-evidence score is 52.9. This is the strength of a distribution event, not a positive score for the security. The event has no cross-manager confirmation because only one qualified manager contributed.

SNPSSYNOPSYS INC · SS-EC-2026-DEED67A3B6Coatue Management LLCREDUCEdistribution52.9single managerSEC filing ↗
33Event Strength
How 33 is calculated
Event materiality · 35% weight31.7/100 → 11.08 pts
Portfolio weight · 25% weight45.6/100 → 11.41 pts
Manager/action evidence · 20% weight52.9/100 → 10.58 pts
Cross-manager convergence · 20% weight0.0/100 → 0.00 pts
Previous disclosed shares6,893,560
Current disclosed shares4,710,420
Share-count change-31.67%
Previous portfolio weight2.28%
Current portfolio weight0.69%
Action evidence52.9
Qualified managers in convergence1
Unrounded weighted total33.07

33/100 Event Strength — limited distribution. Coatue Management LLC reduced its disclosed NFLX position from approximately 6,893,560 shares to 4,710,420 shares; the action-evidence score is 52.9. This is the strength of a distribution event, not a positive score for the security. The event has no cross-manager confirmation because only one qualified manager contributed.

NFLXNETFLIX INC. · SS-EC-2026-27B061A646Coatue Management LLCREDUCEdistribution52.9single managerSEC filing ↗