管理人记录 · ✦ 精选 · 已归档季度

Lone Pine Capital

Founded by Stephen Mandel · Greenwich, CT · CIK 1061165 · EDGAR 文件 ↗

Growth-oriented long/short equity.

Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 差异 ⇄

$12.54B13F报告持仓市值

36持仓明细

51.6%前十大权重

23.50有效持仓

38.4%预计换手率

+11新增

−7清仓

申报的13F投资组合价值仅涵盖美国应申报多头仓位，不含现金、债券、空头仓位或非美国持仓，不等同于管理规模。

各季度报告持仓市值 Q2 2024 → Q2 2026

板块敞口

科技 29.4% (+0.5pp)

金融服务 21.3% (-4.5pp)

公用事业 12.0% (+2.3pp)

医疗保健 10.3% (+3.9pp)

工业 10.0% (+7.4pp)

基础材料 6.0% (-0.6pp)

必选消费 5.5% (+2.4pp)

可选消费 4.7% (-8.0pp)

通信服务 0.7% (-3.6pp)

占已申报普通股权益价值的比例；（±pp）较上一季度。

持仓组合 · Q1 2026

#	证券	权重	价值	股份	Δ股份		持有
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	新增	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	新增	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	新增	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	新增	New	1
20	PFGC Performance Food Group Co	2.7%	$340.77M	3.98M	新增	New	1
21	MCK McKesson Corporation	2.7%	$339.41M	392.22K	新增	New	1
22	CIEN Ciena Corporation	2.5%	$314.28M	809.52K	新增	New	1
23	WULF TeraWulf Inc.	2.3%	$287.47M	19.92M	新增	New	1
24	HUT Hut 8 Corp.	2.3%	$285.16M	6.08M	新增	New	1
25	AGX Argan, Inc.	1.7%	$214.12M	393.13K	新增	New	1
26	GOOGL Alphabet Inc.	0.4%	$53.94M	187.56K	新增	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

仅含普通股（SH）持仓；期权行显示于"期权"标签页，且不作净额处理。✂ = 变动基于拆股调整后的前期持股数计算。"持有 N+ 季度"= 在我们的数据窗口内每季度均有持仓，实际持有时间可能更长。

证券	股份	上期	变动	价值	权重
TER Teradyne, Inc.	1.87M	n/a	新增	$555.23M	4.4%
GLW Corning Inc	3.72M	n/a	新增	$505.56M	4.0%
MTZ MasTec, Inc.	1.53M	n/a	新增	$492.60M	3.9%
USFD US Foods Holding Corp.	3.80M	n/a	新增	$350.03M	2.8%
PFGC Performance Food Group…	3.98M	n/a	新增	$340.77M	2.7%
MCK McKesson Corporation	392.22K	n/a	新增	$339.41M	2.7%
CIEN Ciena Corporation	809.52K	n/a	新增	$314.28M	2.5%
WULF TeraWulf Inc.	19.92M	n/a	新增	$287.47M	2.3%
HUT Hut 8 Corp.	6.08M	n/a	新增	$285.16M	2.3%
AGX Argan, Inc.	393.13K	n/a	新增	$214.12M	1.7%
GOOGL Alphabet Inc.	187.56K	n/a	新增	$53.94M	0.4%

证券	股份	上期	变动	价值	权重	连续记录
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%	●●○○○○

证券	股份	上期	变动	价值	权重	连续记录
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%

证券	股份	上期	变动	价值	权重
AVGO Broadcom Inc.	n/a	1.73M	退出	$598.83M	4.4%
MSFT Microsoft Corporation	n/a	1.23M	退出	$596.85M	4.4%
DASH DoorDash, Inc.	n/a	2.53M	退出	$572.97M	4.2%
AMZN Amazon.com, Inc.	n/a	2.41M	退出	$557.32M	4.1%
PM Philip Morris…	n/a	2.64M	退出	$424.03M	3.1%
WING Wingstop Inc.	n/a	1.60M	退出	$380.45M	2.8%
AFRM Affirm Holdings, Inc.	n/a	3.82M	退出	$284.11M	2.1%

持仓持有时长

110–1 季度

172–4 季度

85–8 季度

当前各持仓在我们数据窗口内已连续报告的季度数。

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