管理人记录 · ✦ 精选

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 ⇄

$16.36B13F报告持仓市值

34持仓明细

53.9%前十大权重

22.60有效持仓

36.7%预计换手率

+13新增

−15清仓

13F报告持仓市值仅涵盖美国可报告的多头头寸——不含现金、债券、空头或非美国持仓，并非管理资产规模。

各季度报告持仓市值 Q2 2024 → Q2 2026

板块敞口

科技 42.0% (+12.6pp)

金融服务 14.5% (-6.8pp)

可选消费 13.0% (+8.3pp)

工业 8.6% (-1.4pp)

基础材料 8.6% (+2.6pp)

必选消费 7.1% (+1.6pp)

医疗保健 5.3% (-5.0pp)

通信服务 0.5% (-0.2pp)

能源 0.4%

占已申报普通股权益价值的比例；（±pp）较上一季度。

持仓组合 · Q2 2026

#	证券	权重	价值	股份	Δ股份		持有
1	NBIS Nebius Group N.V.	7.2%	$1.18B	4.26M	新增	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	新增	New	1
4	HD The Home Depot, Inc.	5.6%	$918.09M	2.60M	新增	New	1
5	AMAT Applied Materials, Inc.	5.3%	$873.19M	1.21M	新增	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	新增	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	新增	New	1
19	STRL Sterling Infrastructure…	3.1%	$511.71M	609.64K	新增	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	新增	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	新增	New	1
25	SHAZ SharonAI Holdings, Inc.…	0.6%	$102.43M	1.21M	新增	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	新增	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	新增	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	新增	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

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
NBIS Nebius Group N.V.	4.26M	—	新增	$1.18B	7.2%
STX Seagate Technology…	1.00M	—	新增	$965.11M	5.9%
HD The Home Depot, Inc.	2.60M	—	新增	$918.09M	5.6%
AMAT Applied Materials, Inc.	1.21M	—	新增	$873.19M	5.3%
LIN Linde plc	1.56M	—	新增	$808.55M	4.9%
TTMI TTM Technologies, Inc.	2.74M	—	新增	$512.07M	3.1%
STRL Sterling…	609.64K	—	新增	$511.71M	3.1%
ONON On Holding AG	13.28M	—	新增	$470.38M	2.9%
BTDR Bitdeer Technologies…	7.02M	—	新增	$111.41M	0.7%
SHAZ SharonAI Holdings, Inc.…	1.21M	—	新增	$102.43M	0.6%
KGS Kodiak Gas Services…	845.07K	—	新增	$63.49M	0.4%
IBKR Interactive Brokers…	577.67K	—	新增	$50.28M	0.3%
SE Sea Limited	494.58K	—	新增	$47.40M	0.3%

证券	股份	上期	变动	价值	权重	连续记录
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%	●●●○○○

证券	股份	上期	变动	价值	权重	连续记录
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%

证券	股份	上期	变动	价值	权重
VST Vistra Corp.	—	6.19M	退出	$930.18M	7.4%
TLN Talen Energy Corporation	—	1.82M	退出	$580.34M	4.6%
CLH Clean Harbors, Inc.	—	1.75M	退出	$503.20M	4.0%
THC Tenet Healthcare…	—	2.26M	退出	$426.24M	3.4%
COF Capital One Financial…	—	2.27M	退出	$413.58M	3.3%
ENTG Entegris, Inc.	—	3.12M	退出	$365.21M	2.9%
CIEN Ciena Corporation	—	809.52K	退出	$314.28M	2.5%
VMC Vulcan Materials Company	—	144.18K	退出	$39.26M	0.3%
SPOT Spotify Technology S.A.	—	68.84K	退出	$33.38M	0.3%
MA Mastercard Incorporated	—	57.20K	退出	$28.58M	0.2%
APH Amphenol Corporation	—	223.08K	退出	$28.19M	0.2%
HLT Hilton Worldwide…	—	89.25K	退出	$27.14M	0.2%
KKR KKR & Co. Inc.	—	179.31K	退出	$16.59M	0.1%
BKNG Booking Holdings Inc.	—	2.40K	退出	$10.13M	0.1%
BSX Boston Scientific…	—	104.66K	退出	$6.57M	0.1%

持仓持有时长

130–1 季度

162–4 季度

25–8 季度

39+ 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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