A.  General Description of Advisory Firm  
LPC commenced operations in June 1997 and currently has offices in Greenwich, Connecticut, 
New York, New York and Palo Alto, California.  The managing member of LPC is Lone Pine 
Managing Member LLC ("LPMM") and Mr. Stephen F. Mandel, Jr. is the managing member of 
LPMM.   
B.  Description of Advisory Services 
1.  Advisory Services 
LPC  provides  investment  advisory services on a discretionary basis to its clients including the 
below listed private investment funds that are offered to sophisticated and institutional investors 
on a private placement basis (together with any other fund or vehicle LPC may advise in the future, 
collectively, the "LPC Funds").  The LPC Funds are structured as Delaware limited partnerships 
and Cayman Islands exempted limited companies.   
The Cypress Funds.  Lone Redwood, L.P., a Delaware limited partnership ("Redwood"), Lone 
Cedar  Intermediate  Fund,  Ltd.,  a  Cayman  Islands  exempted  company  ("Cedar  Intermediate"), 
Lone Cedar, Ltd., a Cayman Islands exempted company ("Cedar"), Lone Cypress, Ltd., a Cayman 
Islands exempted company ("Cypress") and Lone Spruce, L.P., a Delaware limited partnership 
("Spruce").  Redwood, Cedar Intermediate, Cedar, Cypress and Spruce are referred to collectively 
as the "Cypress Funds". Cedar invests all of its investable assets in shares of Cedar Intermediate. 
Redwood and Cedar Intermediate invest a substantial portion of their assets in shares of Cypress, 
but may invest directly as well.  The Cypress Funds launched in January 1998. 
The  Cascade  Funds.    Lone  Cascade,  L.P.,  a  Delaware  limited  partnership  ("Cascade"),  Lone 
Sierra, L.P., a Delaware limited partnership ("Sierra"), Lone Monterey, Ltd., a Cayman Islands 
exempted  company  ("Monterey")  and  Lone  Monterey  Master  Fund,  Ltd.,  a  Cayman  Islands 
exempted company ("Monterey Master Fund").  Cascade, Sierra, Monterey and Monterey Master 
Fund are referred to collectively as the "Cascade Funds". Monterey invests all of its investable 
assets in shares of Monterey Master Fund.  The Cascade Funds launched in January 2005. 
Lone Basin. Lone Basin Growth Fund I, L.P. ("Basin") is a Delaware limited partnership launched 
in March 2024.  
Lone Baccata. Lone Baccata Opportunities Fund 2024-I, L.P. ("Baccata") is a Delaware limited 
partnership launched in March 2024. 
LPC may serve as investment adviser for other entities or accounts in the future. 
Lone Pine Associates LLC, a Delaware limited liability company and an affiliate of LPC ("LPA"), 
serves  as  the  general  partner  to  each  of  Redwood  and  Spruce  and  as  the  manager  to  Cedar 
Intermediate.  Lone Pine Members LLC, a Delaware limited liability company and an affiliate of 
LPC
                                        
                                        
                                             ("LPM"), serves as the general partner to each of Cascade and Sierra and as the manager to 
Monterey Master Fund.  LPMM is also the managing member of LPA and LPM. Lone Pine Private 
Investment Partners SPV GP LLC, a Delaware limited liability company and an affiliate of LPC 
("LPSPV"), serves as the general partner to Baccata. Lone Pine Private Investment Partners I LLC, 
a  Delaware  limited  liability  company  and  an  affiliate  of  LPC  ("LPPIP"),  serves  as  the general 
partner to Basin. 
2.  Investment Strategies and Types of Investments 
Please  see  Item 8  for  a  description  of  the  investment  strategies  employed  by  LPC  and  certain 
material risks inherent in such strategies. 
The descriptions set forth in this Brochure of specific advisory services LPC offers to clients, and 
investment strategies pursued and investments made by LPC on behalf of its clients, should not be 
understood to limit in any way LPC's investment activities.  LPC may offer any advisory services, 
engage in any investment strategy and make any investment, including any not described in this 
Brochure, that LPC considers appropriate, subject to each LPC Fund's investment objectives and 
guidelines.  The investment strategies LPC pursues are speculative and entail substantial risks.  
Investors in the LPC Funds should be prepared to bear a substantial loss of capital.  There can be 
no assurance that the investment objectives of any client will be achieved.  
C.  Availability of Customized Services for Individual Clients 
In providing investment management and advisory services to the LPC Funds, subject to the terms 
of their respective governing documents, LPC formulates its investment objectives, directs and 
manages the investment and reinvestment of the LPC Funds' assets, and provides reports to the 
investors in the LPC Funds.  Investment advice is provided directly to the LPC Funds and not 
individually to their underlying investors.  Other than any limitations set forth in the governing 
documents  of  the  LPC  Funds,  LPC's  investors  may  not  impose  restrictions  on  LPC  related  to 
investing in certain securities or types of securities.  LPC monitors and manages certain internal 
portfolio guidelines. These internal guidelines confer no rights on clients or investors and impose 
no additional legal obligations upon LPC. 
D.  Wrap Fee Programs 
LPC does not participate as either a sponsor or manager of any wrap fee programs. 
E.  Client Assets  
LPC managed approximately $14,523,592,100 of net assets on a discretionary basis (calculated as 
of December 31, 2023 for the Cascade and Cypress Funds, and as of the launches of Baccata and 
Basin in March 2024), and did not manage any client assets on a non-discretionary basis.