Manager record · ✦ curated · archived quarter
Lone Pine Capital
Founded by Stephen Mandel · Greenwich, CT · CIK 1061165 · EDGAR filings ↗
Growth-oriented long/short equity.
$13.41BReported 13F value
29Positions
54.9%Top-10 weight
21.70Effective holdings
18.9%Est. turnover
+9New
−4Exits
Reported 13F portfolio value covers U.S. reportable long positions only — not cash, bonds, shorts or non-U.S. holdings. It is not assets under management.
Sector exposure
Technology
35.9% (-1.4pp)
Consumer Cyclical
17.1% (+3.1pp)
Communication Services
12.3% (+2.3pp)
Utilities
11.8% (+4.4pp)
Financial Services
10.8% (-4.0pp)
Industrials
4.5% (+0.1pp)
Consumer Defensive
4.1% (-1.4pp)
Healthcare
3.6% (-3.0pp)
Share of reported common-equity value; (±pp) vs prior quarter.
The portfolio · Q3 2024
| # | Security | Weight | Value | Shares | Δ shares | Held | |
|---|---|---|---|---|---|---|---|
| 1 | META Meta Platforms, Inc. | 8.1% | $1.08B | 1.89M | +35.6% | ▲ Add | 2 |
| 2 | AMZN Amazon.com, Inc. | 7.6% | $1.02B | 5.48M | +23.2% | ▲ Add | 2 |
| 3 | VST Vistra Corp. | 6.0% | $806.82M | 6.81M | -0.5% | ▼ Trim | 2 |
| 4 | TSM Taiwan Semiconductor… | 5.5% | $731.65M | 4.21M | -29.8% | ▼ Trim | 2 |
| 5 | MSFT Microsoft Corporation | 5.3% | $712.48M | 1.66M | -18.0% | ▼ Trim | 2 |
| 6 | CRM Salesforce, Inc. | 4.8% | $639.89M | 2.34M | New | New | 1 |
| 7 | CEG Constellation Energy… | 4.6% | $622.55M | 2.39M | +49.2% | ▲ Add | 2 |
| 8 | KKR KKR & Co. Inc. | 4.4% | $590.58M | 4.52M | -29.2% | ▼ Trim | 2 |
| 9 | INTU Intuit Inc. | 4.3% | $572.17M | 921.36K | +2.1% | ▲ Add | 2 |
| 10 | SPOT Spotify Technology S.A. | 4.3% | $572.15M | 1.55M | -8.0% | ▼ Trim | 2 |
| 11 | LEN Lennar Corporation | 4.1% | $548.88M | 2.93M | New | New | 1 |
| 12 | PM Philip Morris International… | 4.1% | $543.95M | 4.48M | -32.8% | ▼ Trim | 2 |
| 13 | XYZ Block, Inc. | 3.8% | $514.92M | 7.67M | 0.0% | Held | 2 |
| 14 | LPLA LPL Financial Holdings Inc. | 3.8% | $507.17M | 2.18M | +29.4% | ▲ Add | 2 |
| 15 | UNH UnitedHealth Group… | 3.6% | $480.54M | 821.88K | -13.0% | ▼ Trim | 2 |
| 16 | PTC PTC Inc. | 3.4% | $460.36M | 2.55M | 0.0% | Held | 2 |
| 17 | ASML ASML Holding N.V. | 3.4% | $459.38M | 551.31K | -6.2% | ▼ Trim | 2 |
| 18 | SBUX Starbucks Corporation | 2.9% | $394.92M | 4.05M | New | New | 1 |
| 19 | WDAY Workday, Inc. | 2.9% | $392.13M | 1.60M | New | New | 1 |
| 20 | BKNG Booking Holdings Inc. | 2.4% | $321.86M | 76.41K | -27.4% | ▼ Trim | 2 |
| 21 | ARES Ares Management Corporation | 2.4% | $319.76M | 2.05M | +30.3% | ▲ Add | 2 |
| 22 | APP AppLovin Corporation | 2.3% | $309.39M | 2.37M | -58.4% | ▼ Trim | 2 |
| 23 | HWM Howmet Aerospace Inc. | 2.3% | $306.94M | 3.06M | -16.5% | ▼ Trim | 2 |
| 24 | GEV GE Vernova Inc. | 2.2% | $294.76M | 1.16M | -21.7% | ▼ Trim | 2 |
| 25 | TLN Talen Energy Corporation | 1.1% | $152.61M | 856.22K | New | New | 1 |
| 26 | HUT Hut 8 Corp. | 0.1% | $15.11M | 1.23M | New | New | 1 |
| 27 | WULF TeraWulf Inc. | 0.1% | $14.36M | 3.07M | New | New | 1 |
| 28 | BTDR Bitdeer Technologies Group | 0.1% | $10.16M | 1.30M | New | New | 1 |
| 29 | IREN IREN Limited | 0.0% | $6.01M | 711.84K | New | New | 1 |
Common-stock (SH) positions only; option lines are in the Options tab and are never netted. ✂ = change computed against split-adjusted prior shares. “Held N+” = held every quarter in our window, possibly longer.
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| CRM Salesforce, Inc. | 2.34M | — | New | $639.89M | 4.8% | |
| LEN Lennar Corporation | 2.93M | — | New | $548.88M | 4.1% | |
| SBUX Starbucks Corporation | 4.05M | — | New | $394.92M | 2.9% | |
| WDAY Workday, Inc. | 1.60M | — | New | $392.13M | 2.9% | |
| TLN Talen Energy Corporation | 856.22K | — | New | $152.61M | 1.1% | |
| HUT Hut 8 Corp. | 1.23M | — | New | $15.11M | 0.1% | |
| WULF TeraWulf Inc. | 3.07M | — | New | $14.36M | 0.1% | |
| BTDR Bitdeer Technologies… | 1.30M | — | New | $10.16M | 0.1% | |
| IREN IREN Limited | 711.84K | — | New | $6.01M | 0.0% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| META Meta Platforms, Inc. | 1.89M | 1.39M | +35.6% | $1.08B | 8.1% | |
| AMZN Amazon.com, Inc. | 5.48M | 4.45M | +23.2% | $1.02B | 7.6% | |
| CEG Constellation Energy… | 2.39M | 1.60M | +49.2% | $622.55M | 4.6% | |
| INTU Intuit Inc. | 921.36K | 902.45K | +2.1% | $572.17M | 4.3% | |
| LPLA LPL Financial Holdings… | 2.18M | 1.69M | +29.4% | $507.17M | 3.8% | |
| ARES Ares Management… | 2.05M | 1.57M | +30.3% | $319.76M | 2.4% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| TSM Taiwan Semiconductor… | 4.21M | 6.00M | -29.8% | $731.65M | 5.5% | |
| MSFT Microsoft Corporation | 1.66M | 2.02M | -18.0% | $712.48M | 5.3% | |
| VST Vistra Corp. | 6.81M | 6.84M | -0.5% | $806.82M | 6.0% | |
| PM Philip Morris… | 4.48M | 6.67M | -32.8% | $543.95M | 4.1% | |
| KKR KKR & Co. Inc. | 4.52M | 6.39M | -29.2% | $590.58M | 4.4% | |
| ASML ASML Holding N.V. | 551.31K | 587.89K | -6.2% | $459.38M | 3.4% | |
| SPOT Spotify Technology S.A. | 1.55M | 1.69M | -8.0% | $572.15M | 4.3% | |
| UNH UnitedHealth Group… | 821.88K | 944.32K | -13.0% | $480.54M | 3.6% | |
| APP AppLovin Corporation | 2.37M | 5.70M | -58.4% | $309.39M | 2.3% | |
| BKNG Booking Holdings Inc. | 76.41K | 105.18K | -27.4% | $321.86M | 2.4% | |
| HWM Howmet Aerospace Inc. | 3.06M | 3.67M | -16.5% | $306.94M | 2.3% | |
| GEV GE Vernova Inc. | 1.16M | 1.48M | -21.7% | $294.76M | 2.2% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| MA Mastercard Incorporated | — | 1.04M | Exit | $460.38M | 3.7% | |
| BBWI Bath & Body Works, Inc. | — | 11.32M | Exit | $441.87M | 3.6% | |
| MCK McKesson Corporation | — | 560.94K | Exit | $327.61M | 2.7% | |
| AVDX | — | 5.08M | Exit | $61.24M | 0.5% |
Position age
90–1 quarters
202–4 quarters
Consecutive quarters each current position has been reported, within our data window.
Similar managers
| Manager | Common positions | Name overlap | Weighted similarity | |
|---|---|---|---|---|
| Wcm Investment Management, Llc | 24 | 8.7% | 0.3835 | Compare ⇄ |
| Point72 Asset Management | 26 | 1.4% | 0.2224 | Compare ⇄ |
| Parnassus Investments, Llc | 10 | 6.3% | 0.1555 | Compare ⇄ |
| Coatue Management | 10 | 11.2% | 0.1425 | Compare ⇄ |
| Capital Research Global Investors | 18 | 4.2% | 0.1246 | Compare ⇄ |
| Third Point | 9 | 14.8% | 0.1245 | Compare ⇄ |
| Alkeon Capital Management Llc | 7 | 6.6% | 0.1236 | Compare ⇄ |
| Soros Fund Management | 9 | 3.5% | 0.118 | Compare ⇄ |
Similarity of reported longs only — hedges and non-13F assets are invisible. Methodology
Filing record
Aug 14 2026
13F-HR · period Q2 2026
$16.36B · 34 positions · View original SEC filing ↗
May 15 2026
13F-HR · period Q1 2026
$12.54B · 36 positions · View original SEC filing ↗
Feb 17 2026
13F-HR · period Q4 2025
$13.61B · 32 positions · View original SEC filing ↗
Nov 14 2025
13F-HR · period Q3 2025
$13.74B · 25 positions · View original SEC filing ↗
Aug 14 2025
13F-HR · period Q2 2025
$14.05B · 24 positions · View original SEC filing ↗
May 15 2025
13F-HR · period Q1 2025
$11.58B · 24 positions · View original SEC filing ↗
Feb 14 2025
13F-HR · period Q4 2024
$13.47B · 30 positions · View original SEC filing ↗
Nov 14 2024
13F-HR · period Q3 2024
$13.41B · 29 positions · View original SEC filing ↗
Aug 14 2024
13F-HR · period Q2 2024
$12.33B · 24 positions · View original SEC filing ↗
Provenance: All holdings parsed from this manager's 13F information tables on SEC EDGAR; values as reported, whole USD. Changes compare the latest accepted version of each quarter (amendments incorporated) on split-adjusted share counts.
Reporting period: Q3 2024 · latest filing Aug 14, 2026 ·
Change methodology