Stephen Mandel
Stephen Mandel's LONE PINE CAPITAL LLC holds 36 U.S.-equity positions worth $12.5B (SEC 13F, Q1 2026). Top positions: Vistra Corp. 7.4%, Asml Hldg Nv 6.9%, Carpenter Technology Corp 5.7%. 13F-replication return is +119% over 3 years (+47 pts vs the S&P 500) — a replicated, non-audited figure.
Holdings
| Stock | % of portfolio | Shares | Value | Latest activity | Avg buy price | Current price | Date |
|---|---|---|---|---|---|---|---|
| VST Vistra Corp. | 7.4% | 6.2M | $930M | ▲ 19% (+976K) | $69.65 | $167.26 (+140%) | 2026-03-31 |
| ASML Asml Hldg Nv | 6.9% | 655K | $865M | ▲ 8.3% (+50K) | $680.71 | $1,929.25 (+183%) | 2026-03-31 |
| CRS Carpenter Technology Corp | 5.7% | 1.8M | $717M | ▲ 38% (+505K) | $314.84 | $587.77 (+87%) | 2026-03-31 |
| LPLA LPL Financial Holdings Inc. | 4.9% | 2.0M | $617M | ▼ 1.2% (−25K) | $202.40 | $297.62 (+47%) | 2026-03-31 |
| APP Applovin Corporation Class A Common Stock | 4.7% | 1.5M | $583M | ▲ 88% (+684K) | $69.22 | $469.39 (+578%) | 2026-03-31 |
| TLN Talen Energy Corporation Common Stock | 4.6% | 1.8M | $580M | ▲ 41% (+525K) | $178.24 | $438.12 (+146%) | 2026-03-31 |
| TER Teradyne, Inc. Common Stock | 4.4% | 1.9M | $555M | NEW (+1.9M) | $296.46 | $457.00 (+54%) | 2026-03-31 |
| CVNA Carvana Co. | 4.4% | 1.8M | $552M | ▼ 1.4% (−25K) | $209.08 | $66.67 (−68%) | 2026-03-31 |
| NU Nu Holdings Ltd. | 4.3% | 38.0M | $546M | ▲ 28% (+8.4M) | $16.01 | $12.79 (−20%) | 2026-03-31 |
| MDLN Medline Inc. Class A common stock | 4.2% | 11.8M | $525M | ▲ 0.6% (+72K) | $42.00 | $34.71 (−17%) | 2026-03-31 |
| GLW Corning Incorporated | 4.0% | 3.7M | $506M | NEW (+3.7M) | $135.97 | $209.83 (+54%) | 2026-03-31 |
| CLH Clean Harbors, Inc | 4.0% | 1.8M | $503M | ▲ 27% (+377K) | $234.48 | $289.36 (+23%) | 2026-03-31 |
| MTZ MasTec, Inc. | 3.9% | 1.5M | $493M | NEW (+1.5M) | $321.74 | $406.32 (+26%) | 2026-03-31 |
| TSM Taiwan Semiconductor Manufac | 3.7% | 1.4M | $470M | ▼ 54% (−1.7M) | $93.02 | $467.67 (+403%) | 2026-03-31 |
| BN Brookfield Corporation | 3.6% | 11.2M | $454M | ▼ 30% (−4.7M) | $61.85 | $44.13 (−29%) | 2026-03-31 |
| THC Tenet Healthcare Corporation New | 3.4% | 2.3M | $426M | ▲ 26% (+471K) | $198.72 | $178.75 (−10%) | 2026-03-31 |
| COF Capital One Financial | 3.3% | 2.3M | $414M | ▼ 1.2% (−28K) | $178.32 | $200.70 (+13%) | 2026-03-31 |
| ENTG Entegris Inc | 2.9% | 3.1M | $365M | ▲ 2.0% (+61K) | $84.25 | $184.00 (+118%) | 2026-03-31 |
| USFD US Foods Holding Corp. | 2.8% | 3.8M | $350M | NEW (+3.8M) | $92.21 | $92.76 (+1%) | 2026-03-31 |
| PFGC Performance Food Group Company | 2.7% | 4.0M | $341M | NEW (+4.0M) | $85.66 | $102.61 (+20%) | 2026-03-31 |
| MCK McKesson Corporation | 2.7% | 392K | $339M | NEW (+392K) | $536.85 | $744.85 (+39%) | 2026-03-31 |
| CIEN Ciena Corporation | 2.5% | 810K | $314M | NEW (+810K) | $145.67 | $460.33 (+216%) | 2026-03-31 |
| WULF TeraWulf Inc. Common Stock | 2.3% | 19.9M | $287M | NEW (+19.9M) | $4.68 | $28.31 (+505%) | 2026-03-31 |
| HUT Hut 8 Corp. Common Stock | 2.3% | 6.1M | $285M | NEW (+6.1M) | $12.26 | $121.04 (+887%) | 2026-03-31 |
| AGX Argan, Inc | 1.7% | 393K | $214M | NEW (+393K) | $544.65 | $790.00 (+45%) | 2026-03-31 |
| GOOGL Alphabet Inc. Class A Common Stock | 0.4% | 188K | $54M | NEW (+188K) | $130.86 | $349.68 (+167%) | 2026-03-31 |
| TDG TransDigm Group Incorporated | 0.3% | 36K | $41M | ▲ 86% (+16K) | $737.05 | $1,295.90 (+76%) | 2026-03-31 |
| VMC Vulcan Materials Company(Holding Company) | 0.3% | 144K | $39M | ▼ 91% (−1.5M) | $307.62 | $304.39 (−1%) | 2026-03-31 |
| SPOT Spotify Technology S.A. | 0.3% | 69K | $33M | ▲ 288% (+51K) | $263.90 | $459.34 (+74%) | 2026-03-31 |
| MA Mastercard Incorporated | 0.2% | 57K | $29M | ▼ 41% (−39K) | $363.41 | $484.09 (+33%) | 2026-03-31 |
| APH Amphenol Corporation | 0.2% | 223K | $28M | ▼ 92% (−2.6M) | $123.75 | $165.96 (+34%) | 2026-03-31 |
| V VISA Inc. | 0.2% | 93K | $28M | ▲ 510% (+78K) | $225.46 | $326.60 (+45%) | 2026-03-31 |
| HLT Hilton Worldwide Holdings Inc. | 0.2% | 89K | $27M | ▲ 54% (+31K) | $287.25 | $342.93 (+19%) | 2026-03-31 |
| KKR KKR & Co. Inc. | 0.1% | 179K | $17M | ▼ 96% (−4.8M) | $52.52 | $96.90 (+85%) | 2026-03-31 |
| BKNG Booking Holdings Inc. Common Stock | 0.1% | 2K | $10M | ▼ 48% (−2K) | $2,652.41 | $167.77 (−94%) | 2026-03-31 |
| BSX Boston Scientific Corp. | 0.1% | 105K | $7M | ▼ 48% (−97K) | $95.35 | $44.33 (−54%) | 2026-03-31 |
FAQ ▾
What are Stephen Mandel's largest holdings?
As of the latest 13F: Vistra Corp. 7.4%, Asml Hldg Nv 6.9%, Carpenter Technology Corp 5.7%, LPL Financial Holdings Inc. 4.9%, Applovin Corporation Class A Common Stock 4.7%.
How big is LONE PINE CAPITAL LLC's 13F portfolio?
$12.5B across 36 disclosed U.S.-equity positions.
What is Stephen Mandel's 3-year performance?
+119% (13F-replication, price return), +47 pts vs the S&P 500. Not an audited fund return.
Where does this data come from?
U.S. SEC Form 13F-HR institutional holdings filings.
Sourced from SEC Form 13F-HR filings · Not investment advice ▾
Latest activity = change vs. the prior 13F. Avg buy price = est. entry over the trailing 3 years (gain = vs. latest price). Returns are 13F-replication, not audited fund returns. Sourced from SEC 13F filings.