Change in Holdings of Lone Pine- Steve Mandel

http://www.sec.gov/Archives/edgar/data/1061165/000090266409002092/p09-0973form13fhr.txt

Lone Pine		Shares Owned	Shares Owned
Position	Ticker	12/31/2008	3/31/2009	Bought(Sold)
Abercrombie and Fitch	ANF	3,364,819	0	(3,364,819)
Activision Blizzard	ATVI	20,261,910	6,511,264	(13,750,646)
America Movil	AMX	24,007,275	18,641,417	(5,365,858)
Bunge Limited	BG	550,000	0	(550,000)
Carnival Corp	CCL	7,923,647	8,494,358	570,711
Coach	COH	6,172,333	8,787,008	2,614,675
Deltek	PROJ	2,206,293	2,206,293	0
Dolby Labs	DLB	4,858,460	2,101,333	(2,757,127)
Fomento Economico	FMX	1,629,254	7,834,394	6,205,140
Google	GOOG	844,016	591,399	(252,617)
JP Morgan	JPM	12,339,623	15,599,128	3,259,505
Las Vegas Sands	LVLS	18,677,261	31,341,283	12,664,022
Lorillard	LO	3,639,511	0	(3,639,511)
Mastercard	MA	2,921,408	2,102,320	(819,088)
Monsanto	MON	4,230,159	4,356,164	126,005
MSC Indl Direct	MSM	4,923,117	3,006,797	(1,916,320)
Precison Castparts	PCP	3,639,765	2,621,911	(1,017,854)
Priceline	PCLN	3,604,068	2,599,444	(1,004,624)
Qualcomm	QCOM	20,270,480	18,719,202	(1,551,278)
Sandringe	SD	6,616,611	6,616,611	0
Charles Scwab	SCHW	7,568,466	0	(7,568,466)
Sears Holdings	SHLD	3,167,900	500,000	(2,667,900)
SPDR Gold	GLD	1,760,000	26,500,000	24,740,000
Teradata	TDC	10,007,277	0	(10,007,277)
Union Pacific	UNP	6,885,633	7,199,986	314,353
Visa	V	8,435,552	9,105,957	670,405
XTO Energy	XTO	3,973,533	2,667,833	(1,305,700)
Apollo Group	APOL	0	1,888,980	1,888,980
Coca Cola	KO	0	2,819,152	2,819,152
Ctrip Com Int'l	CTRP	0	3,547,917	3,547,917
Deckers Outdoor	DECK	0	1,093,072	1,093,072
Mead Johnson Nutrition	MJN	0	1,197,755	1,197,755
Medco Health Solutions	MHS	0	5,949,700	5,949,700
Pepsico	PEP	0	3,585,600	3,585,600
Philip Morris Int'l	PM	0	10,080,369	10,080,369
SLM Corp	SLM	0	14,050,386	14,050,386
Strayer Education	STRA	0	785,164	785,164
Urban Outfitter	URBN	0	7,598,405	7,598,405
VistaPrint Limited	VPRT	0	258,100	258,100