Manager record · ✦ curated · archived quarter
Lone Pine Capital
Founded by Stephen Mandel · Greenwich, CT · CIK 1061165 · EDGAR filings ↗
Growth-oriented long/short equity.
$12.54BReported 13F value
36Positions
51.6%Top-10 weight
23.50Effective holdings
38.4%Est. turnover
+11New
−7Exits
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
29.4% (+0.5pp)
Financial Services
21.3% (-4.5pp)
Utilities
12.0% (+2.3pp)
Healthcare
10.3% (+3.9pp)
Industrials
10.0% (+7.4pp)
Basic Materials
6.0% (-0.6pp)
Consumer Defensive
5.5% (+2.4pp)
Consumer Cyclical
4.7% (-8.0pp)
Communication Services
0.7% (-3.6pp)
Share of reported common-equity value; (±pp) vs prior quarter.
The portfolio · Q1 2026
| # | Security | Weight | Value | Shares | Δ shares | Held | |
|---|---|---|---|---|---|---|---|
| 1 | VST Vistra Corp. | 7.4% | $930.18M | 6.19M | +18.7% | ▲ Add | 8 |
| 2 | ASML ASML Holding N.V. | 6.9% | $865.34M | 655.15K | +8.3% | ▲ Add | 2 |
| 3 | CRS Carpenter Technology… | 5.7% | $716.54M | 1.82M | +38.5% | ▲ Add | 2 |
| 4 | LPLA LPL Financial Holdings Inc. | 4.9% | $616.69M | 2.05M | -1.2% | ▼ Trim | 8 |
| 5 | APP AppLovin Corporation | 4.6% | $583.04M | 1.46M | +87.7% | ▲ Add | 8 |
| 6 | TLN Talen Energy Corporation | 4.6% | $580.34M | 1.82M | +40.6% | ▲ Add | 7 |
| 7 | TER Teradyne, Inc. | 4.4% | $555.23M | 1.87M | New | New | 1 |
| 8 | CVNA Carvana Co. | 4.4% | $551.65M | 1.75M | -1.4% | ▼ Trim | 5 |
| 9 | NU Nu Holdings Ltd. | 4.4% | $546.22M | 38.01M | +28.3% | ▲ Add | 3 |
| 10 | MDLN Medline Inc. | 4.2% | $524.62M | 11.79M | +0.6% | ▲ Add | 2 |
| 11 | GLW Corning Inc | 4.0% | $505.56M | 3.72M | New | New | 1 |
| 12 | CLH Clean Harbors, Inc. | 4.0% | $503.20M | 1.75M | +27.3% | ▲ Add | 2 |
| 13 | MTZ MasTec, Inc. | 3.9% | $492.60M | 1.53M | New | New | 1 |
| 14 | TSM Taiwan Semiconductor… | 3.7% | $469.59M | 1.39M | -54.5% | ▼ Trim | 8 |
| 15 | BN Brookfield Corporation | 3.6% | $453.63M | 11.21M | -29.6% | ▼ Trim | 4 |
| 16 | THC Tenet Healthcare Corporation | 3.4% | $426.24M | 2.26M | +26.4% | ▲ Add | 2 |
| 17 | COF Capital One Financial… | 3.3% | $413.58M | 2.27M | -1.2% | ▼ Trim | 6 |
| 18 | ENTG Entegris, Inc. | 2.9% | $365.21M | 3.12M | +2.0% | ▲ Add | 2 |
| 19 | USFD US Foods Holding Corp. | 2.8% | $350.03M | 3.80M | New | New | 1 |
| 20 | PFGC Performance Food Group Co | 2.7% | $340.77M | 3.98M | New | New | 1 |
| 21 | MCK McKesson Corporation | 2.7% | $339.41M | 392.22K | New | New | 1 |
| 22 | CIEN Ciena Corporation | 2.5% | $314.28M | 809.52K | New | New | 1 |
| 23 | WULF TeraWulf Inc. | 2.3% | $287.47M | 19.92M | New | New | 1 |
| 24 | HUT Hut 8 Corp. | 2.3% | $285.16M | 6.08M | New | New | 1 |
| 25 | AGX Argan, Inc. | 1.7% | $214.12M | 393.13K | New | New | 1 |
| 26 | GOOGL Alphabet Inc. | 0.4% | $53.94M | 187.56K | New | New | 1 |
| 27 | TDG TransDigm Group Incorporated | 0.3% | $41.35M | 35.68K | +85.5% | ▲ Add | 2 |
| 28 | VMC Vulcan Materials Company | 0.3% | $39.26M | 144.18K | -91.4% | ▼ Trim | 3 |
| 29 | SPOT Spotify Technology S.A. | 0.3% | $33.38M | 68.84K | +287.6% | ▲ Add | 2 |
| 30 | MA Mastercard Incorporated | 0.2% | $28.58M | 57.20K | -40.6% | ▼ Trim | 2 |
| 31 | APH Amphenol Corporation | 0.2% | $28.19M | 223.08K | -92.1% | ▼ Trim | 3 |
| 32 | V Visa Inc. | 0.2% | $28.04M | 92.78K | +509.7% | ▲ Add | 2 |
| 33 | HLT Hilton Worldwide Holdings… | 0.2% | $27.14M | 89.25K | +54.4% | ▲ Add | 2 |
| 34 | KKR KKR & Co. Inc. | 0.1% | $16.59M | 179.31K | -96.4% | ▼ Trim | 8 |
| 35 | BKNG Booking Holdings Inc. | 0.1% | $10.13M | 2.40K | -48.1% | ▼ Trim | 4 |
| 36 | BSX Boston Scientific… | 0.1% | $6.57M | 104.66K | -48.1% | ▼ Trim | 2 |
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 |
|---|---|---|---|---|---|---|
| TER Teradyne, Inc. | 1.87M | — | New | $555.23M | 4.4% | |
| GLW Corning Inc | 3.72M | — | New | $505.56M | 4.0% | |
| MTZ MasTec, Inc. | 1.53M | — | New | $492.60M | 3.9% | |
| USFD US Foods Holding Corp. | 3.80M | — | New | $350.03M | 2.8% | |
| PFGC Performance Food Group… | 3.98M | — | New | $340.77M | 2.7% | |
| MCK McKesson Corporation | 392.22K | — | New | $339.41M | 2.7% | |
| CIEN Ciena Corporation | 809.52K | — | New | $314.28M | 2.5% | |
| WULF TeraWulf Inc. | 19.92M | — | New | $287.47M | 2.3% | |
| HUT Hut 8 Corp. | 6.08M | — | New | $285.16M | 2.3% | |
| AGX Argan, Inc. | 393.13K | — | New | $214.12M | 1.7% | |
| GOOGL Alphabet Inc. | 187.56K | — | New | $53.94M | 0.4% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| VST Vistra Corp. | 6.19M | 5.21M | +18.7% | $930.18M | 7.4% | ●●○○○○ |
| ASML ASML Holding N.V. | 655.15K | 605.02K | +8.3% | $865.34M | 6.9% | ●●○○○○ |
| CRS Carpenter Technology… | 1.82M | 1.31M | +38.5% | $716.54M | 5.7% | ●●○○○○ |
| APP AppLovin Corporation | 1.46M | 780.53K | +87.7% | $583.04M | 4.6% | |
| TLN Talen Energy Corporation | 1.82M | 1.29M | +40.6% | $580.34M | 4.6% | ●●●○○○ |
| NU Nu Holdings Ltd. | 38.01M | 29.63M | +28.3% | $546.22M | 4.4% | ●●●○○○ |
| MDLN Medline Inc. | 11.79M | 11.72M | +0.6% | $524.62M | 4.2% | ●●○○○○ |
| CLH Clean Harbors, Inc. | 1.75M | 1.38M | +27.3% | $503.20M | 4.0% | ●●○○○○ |
| THC Tenet Healthcare… | 2.26M | 1.79M | +26.4% | $426.24M | 3.4% | ●●○○○○ |
| ENTG Entegris, Inc. | 3.12M | 3.05M | +2.0% | $365.21M | 2.9% | ●●○○○○ |
| TDG TransDigm Group… | 35.68K | 19.23K | +85.5% | $41.35M | 0.3% | ●●○○○○ |
| SPOT Spotify Technology S.A. | 68.84K | 17.76K | +287.6% | $33.38M | 0.3% | ●●○○○○ |
| V Visa Inc. | 92.78K | 15.22K | +509.7% | $28.04M | 0.2% | ●●○○○○ |
| HLT Hilton Worldwide… | 89.25K | 57.82K | +54.4% | $27.14M | 0.2% | ●●○○○○ |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| TSM Taiwan Semiconductor… | 1.39M | 3.05M | -54.5% | $469.59M | 3.7% | |
| CVNA Carvana Co. | 1.75M | 1.78M | -1.4% | $551.65M | 4.4% | |
| LPLA LPL Financial Holdings… | 2.05M | 2.07M | -1.2% | $616.69M | 4.9% | ●●○○○○ |
| BN Brookfield Corporation | 11.21M | 15.92M | -29.6% | $453.63M | 3.6% | |
| KKR KKR & Co. Inc. | 179.31K | 5.00M | -96.4% | $16.59M | 0.1% | |
| COF Capital One Financial… | 2.27M | 2.29M | -1.2% | $413.58M | 3.3% | ●●●●●○ |
| VMC Vulcan Materials Company | 144.18K | 1.68M | -91.4% | $39.26M | 0.3% | |
| APH Amphenol Corporation | 223.08K | 2.81M | -92.1% | $28.19M | 0.2% | ●●○○○○ |
| MA Mastercard Incorporated | 57.20K | 96.34K | -40.6% | $28.58M | 0.2% | |
| BKNG Booking Holdings Inc. | 2.40K | 4.63K | -48.1% | $10.13M | 0.1% | ●●●○○○ |
| BSX Boston Scientific… | 104.66K | 201.70K | -48.1% | $6.57M | 0.1% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| AVGO Broadcom Inc. | — | 1.73M | Exit | $598.83M | 4.4% | |
| MSFT Microsoft Corporation | — | 1.23M | Exit | $596.85M | 4.4% | |
| DASH DoorDash, Inc. | — | 2.53M | Exit | $572.97M | 4.2% | |
| AMZN Amazon.com, Inc. | — | 2.41M | Exit | $557.32M | 4.1% | |
| PM Philip Morris… | — | 2.64M | Exit | $424.03M | 3.1% | |
| WING Wingstop Inc. | — | 1.60M | Exit | $380.45M | 2.8% | |
| AFRM Affirm Holdings, Inc. | — | 3.82M | Exit | $284.11M | 2.1% |
Position age
110–1 quarters
172–4 quarters
85–8 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: Q1 2026 · latest filing Aug 14, 2026 ·
Change methodology