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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

2024 Q3 2024 Q2, filed 14 Nov, long equity only

Download CSV Download Excel All activity
META, Meta Platforms 8.08%, was 5.70% Add +35.6% 1,891,337 $572.44 $1.1B +496,900 +$380M
AMZN, Amazon 7.62%, was 6.97% Add +23.2% 5,482,267 $186.33 $1B +1,033,987 +$162M
VST, Vistra 6.02% Reduce −0.5% 6,806,291 $118.54 $807M −31,716 +$219M
TSM, Taiwan Semiconductor 5.46%, was 8.46% Reduce −29.8% 4,212,861 $173.67 $732M −1,789,337 −$312M
MSFT, Microsoft 5.31%, was 7.32% Reduce −18.0% 1,655,779 $430.30 $712M −364,426 −$190M
CRM, Salesforce 4.77% New 2,337,830 $273.71 $640M +2,337,830 +$640M
CEG, Constellation Energy 4.64%, was 2.61% Add +49.2% 2,394,231 $260.02 $623M +789,278 +$301M
KKR 4.41%, was 5.45% Reduce −29.2% 4,522,730 $130.58 $591M −1,862,776 −$81M
INTU, Intuit 4.27% Add +2.1% 921,361 $621.00 $572M +18,911 −$21M
SPOT, Spotify 4.27%, was 4.29% Reduce −8.0% 1,552,529 $368.53 $572M −134,886 +$43M
LEN, Lennar 4.09% New 2,927,654 $187.48 $549M +2,927,654 +$549M
PM, Philip Morris International 4.06%, was 5.48% Reduce −32.8% 4,480,656 $121.40 $544M −2,190,473 −$132M
XYZ, Block 3.84% Hold 7,670,523 $67.13 $515M — —
LPLA, LPL Financial 3.78% Add +29.4% 2,180,137 $232.63 $507M +495,067 +$37M
UNH, UnitedHealth Group 3.58%, was 3.90% Reduce −13.0% 821,880 $584.68 $481M −122,437 −$366K
PTC, PTC Inc 3.43% Hold 2,548,199 $180.66 $460M — —
ASML 3.43%, was 4.88% Reduce −6.2% 551,313 $833.25 $459M −36,578 −$142M
SBUX, Starbucks 2.95% New 4,050,850 $97.49 $395M +4,050,850 +$395M
WDAY, Workday 2.93% New 1,604,385 $244.41 $392M +1,604,385 +$392M
BKNG, Booking Holdings 2.40%, was 3.38% Reduce −27.3% 76,414 $4,212 $322M −28,763 −$95M
ARES, Ares Management 2.39%, was 1.70% Add +30.3% 2,051,816 $155.84 $320M +477,053 +$110M
APP, AppLovin 2.31%, was 3.85% Reduce −58.4% 2,369,866 $130.55 $309M −3,332,572 −$165M
HWM, Howmet Aerospace 2.29%, was 2.31% Reduce −16.5% 3,061,707 $100.25 $307M −603,614 +$22M
GEV, GE Vernova 2.20% Reduce −21.7% 1,156,011 $254.98 $295M −320,997 +$41M
TLN, Talen Energy 1.14% New 856,215 $178.24 $153M +856,215 +$153M
HUT, Hut 8 0.11% New 1,232,752 $12.26 $15M +1,232,752 +$15M
WULF, Terawulf 0.11% New 3,067,796 $4.68 $14M +3,067,796 +$14M
BTDR, Bitdeer Technologies Group 0.08% New 1,297,965 $7.83 $10M +1,297,965 +$10M
IREN, Iris Energy 0.04% New 711,839 $8.44 $6M +711,839 +$6M

Exits / last held

Gone since 2024 Q2, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
MA, Mastercard 3.73% Exit 0 $441.16 $460M −1,043,557 −$460M
BBWI, Bath & Body Works 3.58% Exit 0 $39.05 $442M −11,315,515 −$442M
MCK, McKesson 2.66% Exit 0 $584.04 $328M −560,936 −$328M
Avidxchange 0.50% Exit 0 $12.06 $61M −5,078,341 −$61M

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 2024 Q2. 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