Manager record · ✦ curated
Lone Pine Capital
Founded by Stephen Mandel · Greenwich, CT · CIK 1061165 · EDGAR filings ↗
Growth-oriented long/short equity.
$16.36BReported 13F value
34Positions
53.9%Top-10 weight
22.60Effective holdings
36.7%Est. turnover
+13New
−15Exits
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
42.0% (+12.6pp)
Financial Services
14.5% (-6.8pp)
Consumer Cyclical
13.0% (+8.3pp)
Industrials
8.6% (-1.4pp)
Basic Materials
8.6% (+2.6pp)
Consumer Defensive
7.1% (+1.6pp)
Healthcare
5.3% (-5.0pp)
Communication Services
0.5% (-0.2pp)
Energy
0.4%
Share of reported common-equity value; (±pp) vs prior quarter.
The portfolio · Q2 2026
| # | Security | Weight | Value | Shares | Δ shares | Held | |
|---|---|---|---|---|---|---|---|
| 1 | NBIS Nebius Group N.V. | 7.2% | $1.18B | 4.26M | New | New | 1 |
| 2 | ASML ASML Holding N.V. | 6.9% | $1.13B | 569.17K | -13.1% | ▼ Trim | 3 |
| 3 | STX Seagate Technology Holdings… | 5.9% | $965.11M | 1.00M | New | New | 1 |
| 4 | HD The Home Depot, Inc. | 5.6% | $918.09M | 2.60M | New | New | 1 |
| 5 | AMAT Applied Materials, Inc. | 5.3% | $873.19M | 1.21M | New | New | 1 |
| 6 | MDLN Medline Inc. | 5.1% | $826.99M | 20.97M | +77.9% | ▲ Add | 3 |
| 7 | LIN Linde plc | 4.9% | $808.55M | 1.56M | New | New | 1 |
| 8 | TER Teradyne, Inc. | 4.4% | $722.41M | 1.49M | -20.3% | ▼ Trim | 2 |
| 9 | GLW Corning Inc | 4.3% | $696.83M | 2.73M | -26.6% | ▼ Trim | 2 |
| 10 | CVNA Carvana Co. | 4.2% | $692.47M | 10.52M | +19.9% ✂ | ▲ Add | 6 |
| 11 | HUT Hut 8 Corp. | 4.1% | $666.47M | 5.77M | -5.0% | ▼ Trim | 2 |
| 12 | PFGC Performance Food Group Co | 4.0% | $654.28M | 5.85M | +47.1% | ▲ Add | 2 |
| 13 | NU Nu Holdings Ltd. | 3.9% | $630.86M | 47.22M | +24.2% | ▲ Add | 4 |
| 14 | WULF TeraWulf Inc. | 3.6% | $596.37M | 24.14M | +21.2% | ▲ Add | 2 |
| 15 | CRS Carpenter Technology… | 3.6% | $593.92M | 962.84K | -47.0% | ▼ Trim | 3 |
| 16 | MTZ MasTec, Inc. | 3.4% | $559.67M | 1.35M | -12.1% | ▼ Trim | 2 |
| 17 | APP AppLovin Corporation | 3.3% | $537.01M | 1.04M | -28.9% | ▼ Trim | 9+ |
| 18 | TTMI TTM Technologies, Inc. | 3.1% | $512.07M | 2.74M | New | New | 1 |
| 19 | STRL Sterling Infrastructure… | 3.1% | $511.71M | 609.64K | New | New | 1 |
| 20 | USFD US Foods Holding Corp. | 3.1% | $502.51M | 4.91M | +29.5% | ▲ Add | 2 |
| 21 | ONON On Holding AG | 2.9% | $470.38M | 13.28M | New | New | 1 |
| 22 | LPLA LPL Financial Holdings Inc. | 2.1% | $343.40M | 1.22M | -40.5% | ▼ Trim | 9+ |
| 23 | AGX Argan, Inc. | 1.8% | $294.40M | 368.67K | -6.2% | ▼ Trim | 2 |
| 24 | BTDR Bitdeer Technologies Group | 0.7% | $111.41M | 7.02M | New | New | 1 |
| 25 | SHAZ SharonAI Holdings, Inc.… | 0.6% | $102.43M | 1.21M | New | New | 1 |
| 26 | GOOGL Alphabet Inc. | 0.5% | $77.04M | 215.57K | +14.9% | ▲ Add | 2 |
| 27 | KGS Kodiak Gas Services, Inc. | 0.4% | $63.49M | 845.07K | New | New | 1 |
| 28 | V Visa Inc. | 0.3% | $56.94M | 165.96K | +78.9% | ▲ Add | 3 |
| 29 | IBKR Interactive Brokers Group… | 0.3% | $50.28M | 577.67K | New | New | 1 |
| 30 | TSM Taiwan Semiconductor… | 0.3% | $48.35M | 101.24K | -92.7% | ▼ Trim | 9+ |
| 31 | SE Sea Limited | 0.3% | $47.40M | 494.58K | New | New | 1 |
| 32 | MCK McKesson Corporation | 0.3% | $43.71M | 57.85K | -85.2% | ▼ Trim | 2 |
| 33 | TDG TransDigm Group Incorporated | 0.2% | $38.01M | 28.53K | -20.0% | ▼ Trim | 3 |
| 34 | BN Brookfield Corporation | 0.2% | $33.76M | 792.72K | -92.9% | ▼ Trim | 5 |
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 |
|---|---|---|---|---|---|---|
| NBIS Nebius Group N.V. | 4.26M | — | New | $1.18B | 7.2% | |
| STX Seagate Technology… | 1.00M | — | New | $965.11M | 5.9% | |
| HD The Home Depot, Inc. | 2.60M | — | New | $918.09M | 5.6% | |
| AMAT Applied Materials, Inc. | 1.21M | — | New | $873.19M | 5.3% | |
| LIN Linde plc | 1.56M | — | New | $808.55M | 4.9% | |
| TTMI TTM Technologies, Inc. | 2.74M | — | New | $512.07M | 3.1% | |
| STRL Sterling… | 609.64K | — | New | $511.71M | 3.1% | |
| ONON On Holding AG | 13.28M | — | New | $470.38M | 2.9% | |
| BTDR Bitdeer Technologies… | 7.02M | — | New | $111.41M | 0.7% | |
| SHAZ SharonAI Holdings, Inc.… | 1.21M | — | New | $102.43M | 0.6% | |
| KGS Kodiak Gas Services… | 845.07K | — | New | $63.49M | 0.4% | |
| IBKR Interactive Brokers… | 577.67K | — | New | $50.28M | 0.3% | |
| SE Sea Limited | 494.58K | — | New | $47.40M | 0.3% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| MDLN Medline Inc. | 20.97M | 11.79M | +77.9% | $826.99M | 5.1% | ●●●○○○ |
| CVNA Carvana Co. | 10.52M | 1.75M | +19.9% ✂ | $692.47M | 4.2% | |
| PFGC Performance Food Group… | 5.85M | 3.98M | +47.1% | $654.28M | 4.0% | ●●○○○○ |
| NU Nu Holdings Ltd. | 47.22M | 38.01M | +24.2% | $630.86M | 3.9% | ●●●●○○ |
| WULF TeraWulf Inc. | 24.14M | 19.92M | +21.2% | $596.37M | 3.6% | ●●○○○○ |
| USFD US Foods Holding Corp. | 4.91M | 3.80M | +29.5% | $502.51M | 3.1% | ●●○○○○ |
| GOOGL Alphabet Inc. | 215.57K | 187.56K | +14.9% | $77.04M | 0.5% | ●●○○○○ |
| V Visa Inc. | 165.96K | 92.78K | +78.9% | $56.94M | 0.3% | ●●●○○○ |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| ASML ASML Holding N.V. | 569.17K | 655.15K | -13.1% | $1.13B | 6.9% | |
| TER Teradyne, Inc. | 1.49M | 1.87M | -20.3% | $722.41M | 4.4% | |
| CRS Carpenter Technology… | 962.84K | 1.82M | -47.0% | $593.92M | 3.6% | |
| GLW Corning Inc | 2.73M | 3.72M | -26.6% | $696.83M | 4.3% | |
| HUT Hut 8 Corp. | 5.77M | 6.08M | -5.0% | $666.47M | 4.1% | |
| LPLA LPL Financial Holdings… | 1.22M | 2.05M | -40.5% | $343.40M | 2.1% | ●●●○○○ |
| APP AppLovin Corporation | 1.04M | 1.46M | -28.9% | $537.01M | 3.3% | |
| MTZ MasTec, Inc. | 1.35M | 1.53M | -12.1% | $559.67M | 3.4% | |
| TSM Taiwan Semiconductor… | 101.24K | 1.39M | -92.7% | $48.35M | 0.3% | ●●○○○○ |
| BN Brookfield Corporation | 792.72K | 11.21M | -92.9% | $33.76M | 0.2% | ●●○○○○ |
| MCK McKesson Corporation | 57.85K | 392.22K | -85.2% | $43.71M | 0.3% | |
| AGX Argan, Inc. | 368.67K | 393.13K | -6.2% | $294.40M | 1.8% | |
| TDG TransDigm Group… | 28.53K | 35.68K | -20.0% | $38.01M | 0.2% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| VST Vistra Corp. | — | 6.19M | Exit | $930.18M | 7.4% | |
| TLN Talen Energy Corporation | — | 1.82M | Exit | $580.34M | 4.6% | |
| CLH Clean Harbors, Inc. | — | 1.75M | Exit | $503.20M | 4.0% | |
| THC Tenet Healthcare… | — | 2.26M | Exit | $426.24M | 3.4% | |
| COF Capital One Financial… | — | 2.27M | Exit | $413.58M | 3.3% | |
| ENTG Entegris, Inc. | — | 3.12M | Exit | $365.21M | 2.9% | |
| CIEN Ciena Corporation | — | 809.52K | Exit | $314.28M | 2.5% | |
| VMC Vulcan Materials Company | — | 144.18K | Exit | $39.26M | 0.3% | |
| SPOT Spotify Technology S.A. | — | 68.84K | Exit | $33.38M | 0.3% | |
| MA Mastercard Incorporated | — | 57.20K | Exit | $28.58M | 0.2% | |
| APH Amphenol Corporation | — | 223.08K | Exit | $28.19M | 0.2% | |
| HLT Hilton Worldwide… | — | 89.25K | Exit | $27.14M | 0.2% | |
| KKR KKR & Co. Inc. | — | 179.31K | Exit | $16.59M | 0.1% | |
| BKNG Booking Holdings Inc. | — | 2.40K | Exit | $10.13M | 0.1% | |
| BSX Boston Scientific… | — | 104.66K | Exit | $6.57M | 0.1% |
Position age
130–1 quarters
162–4 quarters
25–8 quarters
39+ 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: Q2 2026 · latest filing Aug 14, 2026 ·
Change methodology