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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

2025 Q4 2025 Q3, filed 17 Feb, long equity only

Download CSV Download Excel All activity
TSM, Taiwan Semiconductor 6.81% Hold 3,052,400 $303.89 $928M — —
VST, Vistra 6.18% Add +10.9% 5,211,885 $161.33 $841M +512,644 −$80M
CVNA, Carvana 5.52%, was 4.85% Add +0.8% 1,779,328 $422.02 $751M +14,037 +$85M
LPLA, LPL Financial 5.44%, was 5.46% Reduce −8.0% 2,074,948 $357.17 $741M −180,766 −$9.3M
BN, Brookfield Corporation 5.37%, was 5.08% Add +56.4% 15,923,360 $45.89 $731M +5,742,012 +$32M
ASML 4.76% New 605,017 $1,070 $647M +605,017 +$647M
KKR 4.68%, was 3.86% Add +22.6% 5,001,085 $127.48 $638M +920,524 +$107M
AVGO, Broadcom 4.40%, was 3.72% Add +11.7% 1,730,216 $346.10 $599M +180,804 +$88M
MSFT, Microsoft 4.38% Add +2.1% 1,234,125 $483.62 $597M +25,520 −$29M
DASH, DoorDash 4.21% New 2,529,879 $226.48 $573M +2,529,879 +$573M
AMZN, Amazon 4.09%, was 4.49% Reduce −14.1% 2,414,520 $230.82 $557M −397,408 −$60M
COF, Capital One 4.09% Reduce −10.7% 2,294,891 $242.36 $556M −274,600 +$10M
APP, AppLovin 3.86%, was 5.80% Reduce −29.6% 780,530 $673.82 $526M −328,608 −$271M
NU, Nu Holdings 3.64%, was 2.96% Add +16.6% 29,630,237 $16.74 $496M +4,223,788 +$89M
MDLN, Medline 3.62% New 11,716,697 $42.00 $492M +11,716,697 +$492M
TLN, Talen Energy 3.56% Add +8.4% 1,292,516 $374.84 $484M +100,000 −$23M
VMC, Vulcan Materials 3.53%, was 3.10% Add +21.6% 1,683,932 $285.22 $480M +299,308 +$54M
PM, Philip Morris International 3.12%, was 5.45% Reduce −42.7% 2,643,579 $160.40 $424M −1,970,864 −$324M
CRS, Carpenter Technology 3.04% New 1,312,938 $314.84 $413M +1,312,938 +$413M
WING, Wingstop 2.80%, was 2.73% Add +7.0% 1,595,258 $238.49 $380M +104,013 +$5.1M
APH, Amphenol 2.79% Reduce −7.1% 2,809,773 $135.14 $380M −213,458 +$5.6M
THC, Tenet Healthcare 2.61% New 1,787,326 $198.72 $355M +1,787,326 +$355M
CLH, Clean Harbors 2.37% New 1,378,125 $234.48 $323M +1,378,125 +$323M
AFRM, Affirm 2.09% New 3,817,170 $74.43 $284M +3,817,170 +$284M
ENTG, Entegris 1.89% New 3,054,230 $84.25 $257M +3,054,230 +$257M
MA, Mastercard 0.40% New 96,338 $570.88 $55M +96,338 +$55M
TDG, TransDigm 0.19% New 19,228 $1,330 $26M +19,228 +$26M
BKNG, Booking Holdings 0.18%, was 1.22% Reduce −85.1% 4,630 $5,355 $25M −26,521 −$143M
BSX, Boston Scientific 0.14% New 201,703 $95.35 $19M +201,703 +$19M
HLT, Hilton 0.12% New 57,817 $287.25 $17M +57,817 +$17M
SPOT, Spotify 0.08% New 17,762 $580.71 $10M +17,762 +$10M
V, Visa 0.04% New 15,217 $350.71 $5.3M +15,217 +$5.3M

Exits / last held

Gone since 2025 Q3, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
META, Meta Platforms 7.07% Exit 0 $734.38 $971M −1,322,260 −$971M
SBUX, Starbucks 3.42% Exit 0 $84.60 $471M −5,561,954 −$471M
EQT 3.31% Exit 0 $54.43 $455M −8,361,889 −$455M
FLUT, Flutter Entertainment 3.20% Exit 0 $254.00 $440M −1,733,336 −$440M
SE, Sea Limited 2.43% Exit 0 $178.73 $334M −1,869,501 −$334M
CIEN, Ciena 2.13% Exit 0 $145.67 $292M −2,006,662 −$292M
ETSY, ETSY Inc 1.87% Exit 0 $66.39 $258M −3,880,316 −$258M

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 2025 Q3. 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