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 +100% over 3 years (+37 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) | $117.70 | $148.19 (+26%) | 2026-03-31 |
| ASML Asml Hldg Nv | 6.9% | 655K | $865M | ▲ 8.3% (+50K) | $809.39 | $1,629.00 (+101%) | 2026-03-31 |
| CRS Carpenter Technology Corp | 5.7% | 1.8M | $717M | ▲ 38% (+505K) | $336.87 | $519.66 (+54%) | 2026-03-31 |
| LPLA LPL Financial Holdings Inc. | 4.9% | 2.0M | $617M | ▼ 1.2% (−25K) | $238.85 | $353.70 (+48%) | 2026-03-31 |
| APP Applovin Corporation Class A Common Stock | 4.7% | 1.5M | $583M | ▲ 88% (+684K) | $268.14 | $395.90 (+48%) | 2026-03-31 |
| TLN Talen Energy Corporation Common Stock | 4.6% | 1.8M | $580M | ▲ 41% (+525K) | $246.80 | $334.10 (+35%) | 2026-03-31 |
| TER Teradyne, Inc. Common Stock | 4.4% | 1.9M | $555M | NEW (+1.9M) | $296.46 | $367.69 (+24%) | 2026-03-31 |
| CVNA Carvana Co. | 4.4% | 1.8M | $552M | ▼ 1.4% (−25K) | $42.15 | $62.36 (+48%) | 2026-03-31 |
| NU Nu Holdings Ltd. | 4.3% | 38.0M | $546M | ▲ 28% (+8.4M) | $15.73 | $14.33 (−9%) | 2026-03-31 |
| MDLN Medline Inc. Class A common stock | 4.2% | 11.8M | $525M | ▲ 0.6% (+72K) | $42.02 | $39.28 (−7%) | 2026-03-31 |
| GLW Corning Incorporated | 4.0% | 3.7M | $506M | NEW (+3.7M) | $135.97 | $138.25 (+2%) | 2026-03-31 |
| CLH Clean Harbors, Inc | 4.0% | 1.8M | $503M | ▲ 27% (+377K) | $245.70 | $312.88 (+27%) | 2026-03-31 |
| MTZ MasTec, Inc. | 3.9% | 1.5M | $493M | NEW (+1.5M) | $321.74 | $263.10 (−18%) | 2026-03-31 |
| TSM Taiwan Semiconductor Manufac | 3.7% | 1.4M | $470M | ▼ 54% (−1.7M) | $93.94 | $404.25 (+330%) | 2026-03-31 |
| BN Brookfield Corporation | 3.6% | 11.2M | $454M | ▼ 30% (−4.7M) | $43.35 | $42.53 (−2%) | 2026-03-31 |
| THC Tenet Healthcare Corporation New | 3.4% | 2.3M | $426M | ▲ 26% (+471K) | $196.63 | $254.78 (+30%) | 2026-03-31 |
| COF Capital One Financial | 3.3% | 2.3M | $414M | ▼ 1.2% (−28K) | $178.32 | $209.01 (+17%) | 2026-03-31 |
| ENTG Entegris Inc | 2.9% | 3.1M | $365M | ▲ 2.0% (+61K) | $84.89 | $119.05 (+40%) | 2026-03-31 |
| USFD US Foods Holding Corp. | 2.8% | 3.8M | $350M | NEW (+3.8M) | $92.21 | $100.59 (+9%) | 2026-03-31 |
| PFGC Performance Food Group Company | 2.7% | 4.0M | $341M | NEW (+4.0M) | $85.66 | $114.39 (+34%) | 2026-03-31 |
| MCK McKesson Corporation | 2.7% | 392K | $339M | NEW (+392K) | $536.85 | $856.19 (+59%) | 2026-03-31 |
| CIEN Ciena Corporation | 2.5% | 810K | $314M | NEW (+810K) | $145.67 | $377.05 (+159%) | 2026-03-31 |
| WULF TeraWulf Inc. Common Stock | 2.3% | 19.9M | $287M | NEW (+19.9M) | $13.71 | $17.66 (+29%) | 2026-03-31 |
| HUT Hut 8 Corp. Common Stock | 2.3% | 6.1M | $285M | NEW (+6.1M) | $42.96 | $107.63 (+151%) | 2026-03-31 |
| AGX Argan, Inc | 1.7% | 393K | $214M | NEW (+393K) | $544.65 | $570.43 (+5%) | 2026-03-31 |
| GOOGL Alphabet Inc. Class A Common Stock | 0.4% | 188K | $54M | NEW (+188K) | $130.86 | $356.13 (+172%) | 2026-03-31 |
| TDG TransDigm Group Incorporated | 0.3% | 36K | $41M | ▲ 86% (+16K) | $931.57 | $1,254.38 (+35%) | 2026-03-31 |
| VMC Vulcan Materials Company(Holding Company) | 0.3% | 144K | $39M | ▼ 91% (−1.5M) | $303.64 | $268.57 (−12%) | 2026-03-31 |
| SPOT Spotify Technology S.A. | 0.3% | 69K | $33M | ▲ 288% (+51K) | $427.89 | $499.94 (+17%) | 2026-03-31 |
| MA Mastercard Incorporated | 0.2% | 57K | $29M | ▼ 41% (−39K) | $398.80 | $573.10 (+44%) | 2026-03-31 |
| APH Amphenol Corporation | 0.2% | 223K | $28M | ▼ 92% (−2.6M) | $123.75 | $160.70 (+30%) | 2026-03-31 |
| V VISA Inc. | 0.2% | 93K | $28M | ▲ 510% (+78K) | $289.65 | $366.13 (+26%) | 2026-03-31 |
| HLT Hilton Worldwide Holdings Inc. | 0.2% | 89K | $27M | ▲ 54% (+31K) | $293.18 | $320.49 (+9%) | 2026-03-31 |
| KKR KKR & Co. Inc. | 0.1% | 179K | $17M | ▼ 96% (−4.8M) | $82.46 | $101.43 (+23%) | 2026-03-31 |
| BKNG Booking Holdings Inc. Common Stock | 0.1% | 2K | $10M | ▼ 48% (−2K) | $107.30 | $192.90 (+80%) | 2026-03-31 |
| BSX Boston Scientific Corp. | 0.1% | 105K | $7M | ▼ 48% (−97K) | $95.35 | $46.73 (−51%) | 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?
+100% (13F-replication, price return), +37 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.