Follow The Filings

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

2026 Q1 2025 Q4, filed 15 May, long equity only

Download CSV Download Excel All activity
VST, Vistra 7.42%, was 6.18% Add +18.7% 6,187,585 $150.33 $930M +975,700 +$89M
ASML 6.90%, was 4.76% Add +8.3% 655,148 $1,321 $865M +50,131 +$218M
CRS, Carpenter Technology 5.71%, was 3.04% Add +38.5% 1,817,940 $394.15 $717M +505,002 +$303M
LPLA, LPL Financial 4.92%, was 5.44% Reduce −1.2% 2,049,967 $300.83 $617M −24,981 −$124M
APP, AppLovin 4.65%, was 3.86% Add +87.7% 1,464,923 $398.00 $583M +684,393 +$57M
TLN, Talen Energy 4.63%, was 3.56% Add +40.7% 1,817,947 $319.23 $580M +525,431 +$96M
TER, Teradyne 4.43% New 1,872,876 $296.46 $555M +1,872,876 +$555M
CVNA, Carvana 4.40%, was 5.52% Reduce −1.4% 1,754,709 $314.38 $552M −24,619 −$199M
NU, Nu Holdings 4.35%, was 3.64% Add +28.3% 38,011,225 $14.37 $546M +8,380,988 +$50M
MDLN, Medline 4.18%, was 3.62% Add +0.6% 11,789,156 $44.50 $525M +72,459 +$33M
GLW, Corning 4.03% New 3,718,147 $135.97 $506M +3,718,147 +$506M
CLH, Clean Harbors 4.01%, was 2.37% Add +27.3% 1,754,950 $286.73 $503M +376,825 +$180M
MTZ, Mastec 3.93% New 1,531,050 $321.74 $493M +1,531,050 +$493M
TSM, Taiwan Semiconductor 3.74%, was 6.81% Reduce −54.5% 1,389,530 $337.95 $470M −1,662,870 −$458M
BN, Brookfield Corporation 3.62%, was 5.37% Reduce −29.6% 11,208,969 $40.47 $454M −4,714,391 −$277M
THC, Tenet Healthcare 3.40%, was 2.61% Add +26.4% 2,258,717 $188.71 $426M +471,391 +$71M
COF, Capital One 3.30%, was 4.09% Reduce −1.2% 2,267,056 $182.43 $414M −27,835 −$143M
ENTG, Entegris 2.91%, was 1.89% Add +2.0% 3,115,054 $117.24 $365M +60,824 +$108M
USFD, US Foods 2.79% New 3,795,998 $92.21 $350M +3,795,998 +$350M
PFGC, Performance Food Group 2.72% New 3,978,158 $85.66 $341M +3,978,158 +$341M
MCK, McKesson 2.71% New 392,224 $865.36 $339M +392,224 +$339M
CIEN, Ciena 2.51% New 809,522 $388.23 $314M +809,522 +$314M
WULF, Terawulf 2.29% New 19,921,430 $14.43 $287M +19,921,430 +$287M
HUT, Hut 8 2.27% New 6,078,951 $46.91 $285M +6,078,951 +$285M
AGX, Argan 1.71% New 393,134 $544.65 $214M +393,134 +$214M
GOOGL, Alphabet 0.43% New 187,561 $287.56 $54M +187,561 +$54M
TDG, TransDigm 0.33%, was 0.19% Add +85.5% 35,677 $1,159 $41M +16,449 +$16M
VMC, Vulcan Materials 0.31%, was 3.53% Reduce −91.4% 144,179 $272.30 $39M −1,539,753 −$441M
SPOT, Spotify 0.27%, was 0.08% Add +287.6% 68,844 $484.91 $33M +51,082 +$23M
MA, Mastercard 0.23%, was 0.40% Reduce −40.6% 57,201 $499.66 $29M −39,137 −$26M
APH, Amphenol 0.22%, was 2.79% Reduce −92.1% 223,084 $126.35 $28M −2,586,689 −$352M
V, Visa 0.22%, was 0.04% Add +509.7% 92,775 $302.24 $28M +77,558 +$23M
HLT, Hilton 0.22%, was 0.12% Add +54.4% 89,249 $304.08 $27M +31,432 +$11M
KKR 0.13%, was 4.68% Reduce −96.4% 179,308 $92.50 $17M −4,821,777 −$621M
BKNG, Booking Holdings 0.08%, was 0.18% Reduce −48.1% 2,405 $4,210 $10M −2,225 −$15M
BSX, Boston Scientific 0.05%, was 0.14% Reduce −48.1% 104,655 $62.75 $6.6M −97,048 −$13M

Exits / last held

Gone since 2025 Q4, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
AVGO, Broadcom 4.40% Exit 0 $346.10 $599M −1,730,216 −$599M
MSFT, Microsoft 4.38% Exit 0 $483.62 $597M −1,234,125 −$597M
DASH, DoorDash 4.21% Exit 0 $226.48 $573M −2,529,879 −$573M
AMZN, Amazon 4.09% Exit 0 $230.82 $557M −2,414,520 −$557M
PM, Philip Morris International 3.12% Exit 0 $160.40 $424M −2,643,579 −$424M
WING, Wingstop 2.80% Exit 0 $238.49 $380M −1,595,258 −$380M
AFRM, Affirm 2.09% Exit 0 $74.43 $284M −3,817,170 −$284M

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 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