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Lone Pine Capital LLC Stephen Mandel

Greenwich, CT 20 processed 13Fs on this site, 2021 Q3 to 2026 Q2

  • $16.4B
  • 34 holdings
  • 2026 Q2
  • +30.4% QoQ
  • Top 5 30.9%

Portfolio

2026 Q2, filed 8/14/2026, top 12 of 34 holdings

Top 5 30.9%, top 10 53.8%

  1. NBIS, Nebius Group 7.2%
  2. ASML 6.9%
  3. STX, Seagate Technology 5.9%
  4. HD, Home Depot 5.6%
  5. AMAT, Applied Materials 5.3%
  6. MDLN, Medline 5.1%
  7. LIN, Linde 4.9%
  8. TER, Teradyne 4.4%
  9. GLW, Corning 4.3%
  10. CVNA, Carvana 4.2%
  11. HUT, Hut 8 4.1%
  12. PFGC, Performance Food Group 4.0%
  13. Other 38.1%

AUM over time

2026 Q2 $16.4B +30.4% QoQ
2021 Q3: $29.7B 2021 Q3: $29.7B
Q3 2021
2021 Q4: $24.4B, −17.8% QoQ 2021 Q4: $24.4B, −17.8% QoQ
Q4
2022 Q1: $16.8B, −31.1% QoQ 2022 Q1: $16.8B, −31.1% QoQ
Q1 2022
2022 Q2: $10.6B, −36.9% QoQ 2022 Q2: $10.6B, −36.9% QoQ
Q2
2022 Q3: $10.6B, 0.0% QoQ 2022 Q3: $10.6B, 0.0% QoQ
Q3
2022 Q4: $10.5B, −1.3% QoQ 2022 Q4: $10.5B, −1.3% QoQ
Q4
2023 Q1: $10.8B, +3.1% QoQ 2023 Q1: $10.8B, +3.1% QoQ
Q1 2023
2023 Q2: $10.9B, +1.0% QoQ 2023 Q2: $10.9B, +1.0% QoQ
Q2
2023 Q3: $10.4B, −4.9% QoQ 2023 Q3: $10.4B, −4.9% QoQ
Q3
2023 Q4: $11.6B, +11.4% QoQ 2023 Q4: $11.6B, +11.4% QoQ
Q4
2024 Q1: $12.7B, +9.6% QoQ 2024 Q1: $12.7B, +9.6% QoQ
Q1 2024
2024 Q2: $12.3B, −2.7% QoQ 2024 Q2: $12.3B, −2.7% QoQ
Q2
2024 Q3: $13.4B, +8.7% QoQ 2024 Q3: $13.4B, +8.7% QoQ
Q3
2024 Q4: $13.5B, +0.4% QoQ 2024 Q4: $13.5B, +0.4% QoQ
Q4
2025 Q1: $11.6B, −14.0% QoQ 2025 Q1: $11.6B, −14.0% QoQ
Q1 2025
2025 Q2: $14.1B, +21.4% QoQ 2025 Q2: $14.1B, +21.4% QoQ
Q2
2025 Q3: $13.7B, −2.2% QoQ 2025 Q3: $13.7B, −2.2% QoQ
Q3
2025 Q4: $13.6B, −1.0% QoQ 2025 Q4: $13.6B, −1.0% QoQ
Q4
2026 Q1: $12.5B, −7.8% QoQ 2026 Q1: $12.5B, −7.8% QoQ
Q1 2026
2026 Q2: $16.4B, +30.4% QoQ 2026 Q2: $16.4B, +30.4% QoQ
Q2

Book

2023 Q1 2022 Q4, filed 15 May, long equity only

Download CSV Download Excel All activity
WDAY, Workday 8.16% Reduce −8.6% 4,266,760 $206.54 $881M −403,642 +$100M
MSFT, Microsoft 7.15%, was 8.00% Reduce −23.3% 2,679,232 $288.30 $772M −816,043 −$66M
TSM, Taiwan Semiconductor 7.05%, was 7.39% Reduce −21.2% 8,183,930 $93.02 $761M −2,207,470 −$13M
BBWI, Bath & Body Works 6.63%, was 8.30% Reduce −5.2% 19,565,935 $36.58 $716M −1,064,296 −$154M
AMZN, Amazon 6.32%, was 7.73% Reduce −31.5% 6,605,311 $103.29 $682M −3,037,286 −$128M
DKS, Dicks Sporting Goods 6.00% Reduce −9.0% 4,566,026 $141.89 $648M −449,128 +$45M
BKNG, Booking Holdings 5.02% Reduce −7.2% 204,600 $2,652 $543M −15,775 +$99M
TDG, TransDigm 4.77% Reduce −9.9% 698,848 $737.05 $515M −76,842 +$27M
RH 4.00% Hold 1,773,069 $243.55 $432M — —
UNH, UnitedHealth Group 3.90%, was 5.38% Reduce −16.2% 891,167 $472.59 $421M −172,433 −$143M
CRM, Salesforce 3.76%, was 0.69% Add +270.7% 2,035,296 $199.78 $407M +1,486,293 +$334M
MA, Mastercard 3.53%, was 4.47% Reduce −22.1% 1,049,009 $363.41 $381M −297,703 −$87M
LPLA, LPL Financial 3.48%, was 4.14% Reduce −7.4% 1,859,641 $202.40 $376M −147,681 −$58M
KKR 3.19% New 6,564,382 $52.52 $345M +6,564,382 +$345M
PTC, PTC Inc 3.18% Hold 2,681,447 $128.23 $344M — —
V, Visa 3.10%, was 4.13% Reduce −28.8% 1,482,970 $225.46 $334M −600,777 −$99M
ASML 2.91%, was 1.23% Add +95.2% 461,133 $680.71 $314M +224,943 +$185M
FND, Floor & Decor 2.75%, was 1.21% Add +65.6% 3,024,737 $98.22 $297M +1,198,549 +$170M
EPAM, EPAM Systems 2.67%, was 1.89% Add +60.2% 965,588 $299.00 $289M +362,728 +$91M
AMD, Advanced Micro Devices 2.57% Reduce −27.5% 2,833,633 $98.01 $278M −1,076,635 +$24M
IBN, Icici Bank 2.41% Add +3.0% 12,042,263 $21.58 $260M +349,611 +$3.9M
MRNA, Moderna 2.17% Add +13.1% 1,529,618 $153.58 $235M +177,100 −$8M
HDB, HDFC Bank 1.85% Add +3.0% 2,990,549 $66.67 $199M +87,963 +$814K
BILL, Bill Holdings 1.37% New 1,823,538 $81.14 $148M +1,823,538 +$148M
VAL, Valaris 1.15%, was 0.42% Add +192.7% 1,912,363 $65.06 $124M +1,259,043 +$80M
Avidxchange 0.37% Hold 5,080,632 $7.80 $40M — —
Sweetgreen 0.33% Hold 4,556,503 $7.84 $36M — —
Marqeta 0.21%, was 0.97% Reduce −70.5% 4,902,192 $4.57 $22M −11,707,634 −$79M
LNG, Cheniere Energy 0.01% Hold 8,338 $157.60 $1.3M — —

Exits / last held

Gone since 2022 Q4, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
TMO, Thermo Fisher Scientific 3.09% Exit 0 $550.69 $324M −587,696 −$324M
FCNCA, First Citizens Bancshares 1.27% Exit 0 $758.36 $133M −175,642 −$133M
EFX, Equifax 0.01% Exit 0 $194.42 $1.4M −7,278 −$1.4M

Weight bar: held both quarters added sold at this quarter’s reported price

* Reported price is value ÷ shares from the 13F as of period end, not a live market quote. Weight % is each long-equity position ÷ full 13F AUM, so rows may not sum to 100% when the filing includes options or other non-equity (excluded from this table). Share change and $ change are vs 2022 Q4. Click a column header to sort, or New, Hold, Add or Reduce to bring those moves to the top. Exit opens the last-held block below.

Filings history

20 periods, with AUM normalized

Newest 13Fs
Period Holds AUM QoQ Form Filed Filing ID
2026 Q2 34 $16.4B +30.4% 13F-HR 8/14/2026 000091957426005485
2026 Q1 36 $12.5B −7.8% 13F-HR 5/15/2026 000091957426003439
2025 Q4 32 $13.6B −1.0% 13F-HR 2/17/2026 000090266426001084
2025 Q3 25 $13.7B −2.2% 13F-HR 11/14/2025 000090266425004988
2025 Q2 24 $14.1B +21.4% 13F-HR 8/14/2025 000090266425003627
2025 Q1 24 $11.6B −14.0% 13F-HR 5/15/2025 000090266425002417
2024 Q4 30 $13.5B +0.4% 13F-HR 2/14/2025 000090266425001072
2024 Q3 29 $13.4B +8.7% 13F-HR 11/14/2024 000090266424006633
2024 Q2 24 $12.3B −2.7% 13F-HR 8/14/2024 000090266424005150
2024 Q1 26 $12.7B +9.6% 13F-HR 5/15/2024 000090266424003638
2023 Q4 25 $11.6B +11.4% 13F-HR 2/14/2024 000090266424001732
2023 Q3 26 $10.4B −4.9% 13F-HR 11/14/2023 000090266423005548
2023 Q2 29 $10.9B +1.0% 13F-HR 8/14/2023 000090266423004451
2023 Q1 29 $10.8B +3.1% 13F-HR 5/15/2023 000090266423003075
2022 Q4 30 $10.5B −1.3% 13F-HR 2/14/2023 000090266423001763
2022 Q3 31 $10.6B 0.0% 13F-HR 11/14/2022 000090266422004869
2022 Q2 30 $10.6B −36.9% 13F-HR 8/15/2022 000090266422003974
2022 Q1 30 $16.8B −31.1% 13F-HR 5/16/2022 000156761922010934
2021 Q4 29 $24.4B −17.8% 13F-HR 2/14/2022 000156761922004367
2021 Q3 39 $29.7B — 13F-HR 11/15/2021 000090266421004961

About

Lone Pine Capital LLC

20 processed 13Fs on this site, 2021 Q3 to 2026 Q2

Notable person
Stephen Mandel
SEC filing name
LONE PINE CAPITAL LLC
Location
Greenwich, CT
All SEC filings
View on sec.gov