Stephen Mandel Jr. – Lone Pine Capital LLC

Period:
Q1 2026
Portfolio date:
Mar 31, 2026
No. of stocks:
36
Portfolio value:
$12,543,848,000
Filed:
May 15, 2026
Style:
Tiger Cub / Growth
HistStockActivityShare change% change to portfolio
Q1 2026filed May 15, 2611 new12 added8 reduced7 exited
≡KKR – KKR & CO INCReduce 96.00%−4,821,777−4.55
≡TER – TERADYNE INCBuy1,872,8764.43
≡AVGO – BROADCOM INCSell−1,730,216−4.40
≡MSFT – MICROSOFT CORPSell−1,234,125−4.38
≡DASH – DOORDASH INCSell−2,529,879−4.21
≡AMZN – AMAZON COM INCSell−2,414,520−4.09
≡GLW – CORNING INCBuy3,718,1474.03
≡MTZ – MASTEC INCBuy1,531,0503.93
≡VMC – VULCAN MATLS COReduce 91.00%−1,539,753−3.22
≡PM – PHILIP MORRIS INTL INCSell−2,643,579−3.12
≡TSM – TAIWAN SEMICONDUCTOR MANUFACReduce 54.00%−1,662,870−3.07
≡WING – WINGSTOP INCSell−1,595,258−2.80
≡USFD – US FOODS HLDG CORPBuy3,795,9982.79
≡PFGC – PERFORMANCE FOOD GROUP COBuy3,978,1582.72
≡MCK – MCKESSON CORPBuy392,2242.71
≡CRS – CARPENTER TECHNOLOGY CORPAdd 38.00%505,0022.68
≡APH – AMPHENOL CORPReduce 92.00%−2,586,689−2.57
≡CIEN – CIENA CORPBuy809,5222.51
≡WULF – TERAWULF INCBuy19,921,4302.29
≡HUT – HUT 8 CORPBuy6,078,9512.27
≡ASML – ASML HLDG NVAdd 8.00%50,1312.14
≡AFRM – AFFIRM HLDGS INCSell−3,817,170−2.09
≡BN – BROOKFIELD CORPReduce 30.00%−4,714,391−1.75
≡AGX – ARGAN INCBuy393,1341.71
≡CLH – CLEAN HARBORS INCAdd 27.00%376,8251.64
≡VST – VISTRA CORPAdd 19.00%975,7001.24
≡TLN – TALEN ENERGY CORPAdd 41.00%525,4311.07
≡THC – TENET HEALTHCARE CORPAdd 26.00%471,3910.79
≡APP – APPLOVIN CORPAdd 88.00%684,3930.78
≡NU – NU HLDGS LTDAdd 28.00%8,380,9880.71
≡GOOGL – ALPHABET INCBuy187,5610.43
≡SPOT – SPOTIFY TECHNOLOGY S AAdd 288.00%51,0820.19
≡V – VISA INCAdd 510.00%77,5580.18
≡MA – MASTERCARD INCORPORATEDReduce 41.00%−39,137−0.18
≡TDG – TRANSDIGM GROUP INCAdd 86.00%16,4490.14
≡BKNG – BOOKING HOLDINGS INCReduce 48.00%−2,225−0.10
≡HLT – HILTON WORLDWIDE HLDGS INCAdd 54.00%31,4320.09
≡BSX – BOSTON SCIENTIFIC CORPReduce 48.00%−97,048−0.09
Q4 2025filed Feb 17, 2614 new8 added7 reduced7 exited
≡META – META PLATFORMS INCSell−1,322,260−7.07
≡ASML – ASML HOLDING N VBuy605,0174.76
≡DASH – DOORDASH INCBuy2,529,8794.21
≡MDLN – MEDLINE INCBuy11,716,6973.62
≡SBUX – STARBUCKS CORPSell−5,561,954−3.42
≡EQT – EQT CORPSell−8,361,889−3.31
≡FLUT – FLUTTER ENTMT PLCSell−1,733,336−3.20
≡CRS – CARPENTER TECHNOLOGY CORPBuy1,312,9383.04
≡THC – TENET HEALTHCARE CORPBuy1,787,3262.61
≡SE – SEA LTDSell−1,869,501−2.43
≡CLH – CLEAN HARBORS INCBuy1,378,1252.37
≡PM – PHILIP MORRIS INTL INCReduce 43.00%−1,970,864−2.33
≡CIEN – CIENA CORPSell−2,006,662−2.13
≡AFRM – AFFIRM HLDGS INCBuy3,817,1702.09
≡APP – APPLOVIN CORPReduce 30.00%−328,608−1.94
≡ENTG – ENTEGRIS INCBuy3,054,2301.89
≡ETSY – ETSY INCSell−3,880,316−1.87
≡BKNG – BOOKING HOLDINGS INCReduce 85.00%−26,521−1.04
≡KKR – KKR & CO INCAdd 23.00%920,5240.83
≡NU – NU HLDGS LTDAdd 17.00%4,223,7880.68
≡AVGO – BROADCOM INCAdd 12.00%180,8040.68
≡VST – VISTRA CORPAdd 11.00%512,644−0.52
≡VMC – VULCAN MATLS COAdd 22.00%299,3080.43
≡MA – MASTERCARD INCORPORATEDBuy96,3380.40
≡AMZN – AMAZON COM INCReduce 14.00%−397,408−0.40
≡BN – BROOKFIELD CORPAdd 56.00%5,742,0120.29
≡TDG – TRANSDIGM GROUP INCBuy19,2280.19
≡BSX – BOSTON SCIENTIFIC CORPBuy201,7030.14
≡TLN – TALEN ENERGY CORPAdd 8.00%100,000−0.13
≡HLT – HILTON WORLDWIDE HLDGS INCBuy57,8170.12
≡COF – CAPITAL ONE FINL CORPReduce 11.00%−274,6000.11
≡SPOT – SPOTIFY TECHNOLOGY S ABuy17,7620.08
≡APH – AMPHENOL CORP NEWReduce 7.00%−213,4580.07
≡WING – WINGSTOP INCAdd 7.00%104,0130.06
≡V – VISA INCBuy15,2170.04
≡LPLA – LPL FINL HLDGS INCReduce 8.00%−180,766−0.02
Q3 2025filed Nov 14, 258 new6 added10 reduced5 exited
≡INTU – INTUITSell−771,666−4.33
≡CVNA – CARVANA COAdd 360.00%1,381,7913.93
≡UNH – UNITEDHEALTH GROUP INCSell−1,693,347−3.76
≡AVGO – BROADCOM INCBuy1,549,4123.72
≡CRM – SALESFORCE INCSell−1,863,179−3.62
≡AMZN – AMAZON COM INCReduce 44.00%−2,221,628−3.37
≡ASML – ASML HOLDING N VSell−566,862−3.23
≡VMC – VULCAN MATLS COBuy1,384,6243.10
≡NU – NU HLDGS LTDBuy25,406,4492.96
≡WING – WINGSTOP INCBuy1,491,2452.73
≡APH – AMPHENOL CORP NEWBuy3,023,2312.72
≡APP – APPLOVIN CORPReduce 12.00%−152,1962.66
≡BN – BROOKFIELD CORPAdd 81.00%4,559,9632.61
≡WIX – WIX COM LTDSell−2,161,331−2.44
≡SE – SEA LTDBuy1,869,5012.43
≡VST – VISTRA CORPReduce 27.00%−1,770,478−2.22
≡CIEN – CIENA CORPBuy2,006,6622.13
≡MSFT – MICROSOFT CORPReduce 35.00%−646,251−2.01
≡ETSY – ETSY INCBuy3,880,3161.87
≡PM – PHILIP MORRIS INTL INCAdd 67.00%1,856,7491.87
≡META – META PLATFORMS INCReduce 21.00%−342,757−1.68
≡TLN – TALEN ENERGY CORPAdd 9.00%103,1361.44
≡BKNG – BOOKING HOLDINGS INCReduce 48.00%−28,821−1.25
≡KKR – KKR & CO INCReduce 22.00%−1,141,208−1.09
≡COF – CAPITAL ONE FINL CORPReduce 17.00%−511,142−0.69
≡TSM – TAIWAN SEMICONDUCTOR MFG LTDReduce 11.00%−383,5200.66
≡FLUT – FLUTTER ENTMT PLCReduce 7.00%−129,428−0.58
≡LPLA – LPL FINL HLDGS INCAdd 20.00%383,4660.46
≡EQT – EQT CORPAdd 11.00%843,6620.19
Q2 2025filed Aug 14, 255 new6 added7 reduced5 exited
≡VST – VISTRA CORPAdd 40.00%1,864,9314.25
≡LLY – ELI LILLY & COSell−551,827−3.94
≡UNH – UNITEDHEALTH GROUP INCBuy1,693,3473.76
≡CVNACALL – CARVANA COAdd 360.00%1,381,7913.54
≡TOL – TOLL BROTHERS INCSell−3,800,580−3.47
≡EQT – EQT CORPBuy7,518,2273.12
≡INTU – INTUITReduce 45.00%−632,136−3.12
≡APPCALL – APPLOVIN CORPReduce 80.00%−1,278,328−2.86
≡CDNS – CADENCE DESIGN SYSTEM INCSell−1,218,389−2.68
≡BN – BROOKFIELD CORPBuy5,621,3852.47
≡BKNG – BOOKING HOLDINGS INCBuy59,9722.47
≡WIX – WIX COM LTDBuy2,161,3312.44
≡ARES – ARES MANAGEMENT CORPORATIONSell−1,604,441−2.03
≡SBUX – STARBUCKS CORPReduce 16.00%−1,045,934−1.97
≡WING – WINGSTOP INCSell−449,056−0.87
≡AMZN – AMAZON COM INCAdd 16.00%680,8160.71
≡PM – PHILIP MORRIS INTL INCReduce 8.00%−250,848−0.55
≡APPCALL – APPLOVIN CORPReduce 21.00%−332,594−0.51
≡FLUT – FLUTTER ENTMT PLCReduce 16.00%−357,132−0.46
≡CRM – SALESFORCE INCAdd 8.00%131,499−0.40
≡KKR – KKR & CO INCAdd 10.00%457,9980.19
≡LPLA – LPL FINL HLDGS INCAdd 6.00%108,2330.01
≡TSM – TAIWAN SEMICONDUCTOR MFG LTDReduce 11.00%−429,461−0.00
Q1 2025filed May 15, 251 added1 reduced
≡CVNA – CARVANA COAdd 503.00%1,930,6683.49
≡APPCALL – APPLOVIN CORPReduce 80.00%−1,278,328−2.93
Q1 2025filed May 15, 255 new8 added6 reduced12 exited
≡CVNACALL – CARVANA COBuy2,314,1684.18
≡TOL – TOLL BROTHERS INCBuy3,800,5803.47
≡PTC – PTC INCSell−2,326,231−3.18
≡SPOT – SPOTIFY TECHNOLOGY S ASell−913,564−3.04
≡WDAY – WORKDAY INCSell−1,543,464−2.96
≡CEG – CONSTELLATION ENERGY CORPSell−1,737,526−2.89
≡CDNS – CADENCE DESIGN SYSTEM INCBuy1,218,3892.68
≡HWM – HOWMET AEROSPACE INCSell−3,061,707−2.49
≡XYZ – BLOCK INCSell−3,765,793−2.38
≡INTU – INTUITAdd 21.00%247,0402.05
≡APPCALL – APPLOVIN CORPReduce 71.00%−769,513−1.89
≡LEN – LENNAR CORPSell−1,717,903−1.74
≡PM – PHILIP MORRIS INTL INCReduce 53.00%−3,459,830−1.66
≡MSFT – MICROSOFT CORPAdd 20.00%320,6311.22
≡ASML – ASML HOLDING N VAdd 32.00%140,6611.06
≡APPCALL – APPLOVIN CORPAdd 47.00%508,8151.04
≡AMZN – AMAZON COM INCAdd 15.00%563,7060.98
≡WING – WINGSTOP INCBuy449,0560.87
≡VST – VISTRA CORPReduce 14.00%−748,177−0.81
≡CVNACALL – CARVANA COBuy383,5000.69
≡FLUT – FLUTTER ENTMT PLCAdd 16.00%307,3770.58
≡LLY – ELI LILLY & COReduce 30.00%−231,033−0.55
≡LPLA – LPL FINL HLDGS INCReduce 8.00%−158,7330.32
≡KKR – KKR & CO INCAdd 18.00%715,6280.31
≡BTDR – BITDEER TECHNOLOGIES GROUPSell−986,717−0.16
≡CRM – SALESFORCE INCAdd 11.00%166,4870.13
≡HUT – HUT 8 CORPSell−692,839−0.11
≡META – META PLATFORMS INCReduce 14.00%−278,868−0.11
≡CIFR – CIPHER MINING INCSell−2,344,380−0.08
≡WULF – TERAWULF INCSell−1,480,928−0.06
≡IREN – IREN LIMITEDSell−711,839−0.05
Q4 2024filed Feb 14, 254 new5 added17 reduced3 exited
≡LLY – ELI LILLY & COBuy782,8604.49
≡COF – CAPITAL ONE FINL CORPBuy3,235,8234.28
≡FLUT – FLUTTER ENTMT PLCBuy1,912,5193.67
≡UNH – UNITEDHEALTH GROUP INCSell−821,880−3.58
≡BKNG – BOOKING HOLDINGS INCSell−76,414−2.40
≡LEN – LENNAR CORPReduce 41.00%−1,209,751−2.35
≡GEV – GE VERNOVA INCSell−1,156,011−2.20
≡CEG – CONSTELLATION ENERGY CORPReduce 27.00%−656,705−1.76
≡PM – PHILIP MORRIS INTL INCAdd 44.00%1,987,7161.72
≡XYZ – BLOCK INCReduce 51.00%−3,904,730−1.46
≡AMZN – AMAZON COM INCReduce 31.00%−1,693,233−1.45
≡SBUX – STARBUCKS CORPAdd 60.00%2,424,2071.44
≡SPOT – SPOTIFY TECHNOLOGY S AReduce 41.00%−638,965−1.23
≡ASML – ASML HOLDING N VReduce 20.00%−109,547−1.15
≡INTU – INTUITAdd 26.00%235,4011.13
≡CRM – SALESFORCE INCReduce 33.00%−772,637−0.89
≡LPLA – LPL FINL HLDGS INCReduce 12.00%−257,3890.88
≡META – META PLATFORMS INCAdd 8.00%145,5930.78
≡VST – VISTRA CORPReduce 21.00%−1,453,326−0.54
≡TLN – TALEN ENERGY CORPAdd 27.00%233,1650.49
≡APP – APPLOVIN CORPReduce 54.00%−1,284,7530.30
≡PTC – PTC INCReduce 9.00%−221,968−0.26
≡ARES – ARES MANAGEMENT CORPORATIONReduce 18.00%−374,773−0.18
≡BTDR – BITDEER TECHNOLOGIES GROUPReduce 24.00%−311,2480.08
≡CIFR – CIPHER MINING INCBuy2,344,3800.08
≡TSM – TAIWAN SEMICONDUCTOR MFG LTDReduce 11.00%−452,4170.06
≡WULF – TERAWULF INCReduce 52.00%−1,586,868−0.04
≡KKR – KKR & CO INCReduce 10.00%−474,5870.04
≡HUT – HUT 8 CORPReduce 44.00%−539,913−0.01
Q3 2024filed Nov 14, 249 new5 added11 reduced4 exited
≡CRM – SALESFORCE INCBuy2,337,8304.77
≡LEN – LENNAR CORPBuy2,927,6544.09
≡MA – MASTERCARD INCORPORATEDSell−1,043,557−3.73
≡BBWI – BATH & BODY WORKS INCSell−11,315,515−3.58
≡TSM – TAIWAN SEMICONDUCTOR MFG LTDReduce 30.00%−1,789,337−3.00
≡SBUX – STARBUCKS CORPBuy4,050,8502.95
≡WDAY – WORKDAY INCBuy1,604,3852.93
≡MCK – MCKESSON CORPSell−560,936−2.66
≡META – META PLATFORMS INCAdd 36.00%496,9002.37
≡CEG – CONSTELLATION ENERGY CORPAdd 49.00%789,2782.04
≡MSFT – MICROSOFT CORPReduce 18.00%−364,426−2.01
≡APP – APPLOVIN CORPReduce 58.00%−3,332,572−1.54
≡ASML – ASML HOLDING N VReduce 6.00%−36,578−1.45
≡PM – PHILIP MORRIS INTL INCReduce 33.00%−2,190,473−1.43
≡TLN – TALEN ENERGY CORPBuy856,2151.14
≡KKR – KKR & CO INCReduce 29.00%−1,862,776−1.05
≡BKNG – BOOKING HOLDINGS INCReduce 27.00%−28,763−0.98
≡ARES – ARES MANAGEMENT CORPORATIONAdd 30.00%477,0530.68
≡AMZN – AMAZON COM INCAdd 23.00%1,033,9870.65
≡AVDX – AVIDXCHANGE HOLDINGS INCSell−5,078,341−0.50
≡UNH – UNITEDHEALTH GROUP INCReduce 13.00%−122,437−0.32
≡GEV – GE VERNOVA INCReduce 22.00%−320,9970.14
≡HUT – HUT 8 CORPBuy1,232,7520.11
≡WULF – TERAWULF INCBuy3,067,7960.11
≡BTDR – BITDEER TECHNOLOGIES GROUPBuy1,297,9650.08
≡IREN – IRIS ENERGY LTDBuy711,8390.04
≡LPLA – LPL FINL HLDGS INCAdd 29.00%495,067−0.03
≡SPOT – SPOTIFY TECHNOLOGY S AReduce 8.00%−134,886−0.03
≡HWM – HOWMET AEROSPACE INCReduce 16.00%−603,614−0.02
Q2 2024filed Aug 14, 244 new7 added3 reduced6 exited
≡CRM – SALESFORCE INCSell−2,400,267−5.71
≡UNH – UNITEDHEALTH GROUP INCBuy944,3173.90
≡WDAY – WORKDAY INCSell−1,414,824−3.05
≡LYV – LIVE NATION ENTERTAINMENT INSell−3,217,551−2.69
≡META – META PLATFORMS INCReduce 35.00%−743,380−2.49
≡HWM – HOWMET AEROSPACE INCBuy3,665,3212.31
≡DKS – DICKS SPORTING GOODS INCSell−1,198,897−2.13
≡GEV – GE VERNOVA INCBuy1,477,0082.05
≡EPAM – EPAM SYS INCSell−929,917−2.03
≡IBN – ICICI BANK LIMITEDSell−9,642,665−2.01
≡ARES – ARES MANAGEMENT CORPORATIONBuy1,574,7631.70
≡CEG – CONSTELLATION ENERGY CORPAdd 83.00%728,9921.33
≡VST – VISTRA CORPAdd 7.00%425,1261.24
≡MA – MASTERCARD INCORPORATEDAdd 53.00%363,1331.15
≡ASML – ASML HOLDING N VAdd 19.00%93,8511.09
≡APP – APPLOVIN CORPAdd 7.00%382,7670.94
≡PTC – PTC INCReduce 14.00%−419,759−0.67
≡XYZ – BLOCK INCAdd 14.00%934,588−0.48
≡BBWI – BATH & BODY WORKS INCAdd 16.00%1,547,399−0.27
≡KKR – KKR & CO INCReduce 9.00%−606,614−0.10
Q1 2024filed May 15, 245 new6 added11 reduced4 exited
≡UNH – UNITEDHEALTH GROUP INCSell−891,167−4.06
≡VST – VISTRA CORPBuy6,412,8813.52
≡SPOT – SPOTIFY TECHNOLOGY S ABuy1,687,4153.51
≡APP – APPLOVIN CORPBuy5,319,6712.91
≡HDB – HDFC BANK LTDSell−4,643,541−2.70
≡BX – BLACKSTONE INCSell−2,219,023−2.51
≡PM – PHILIP MORRIS INTL INCAdd 122.00%3,665,3382.38
≡MCK – MCKESSON CORPBuy560,9362.38
≡GE – GENERAL ELECTRIC COSell−2,103,885−2.32
≡BKNG – BOOKING HOLDINGS INCReduce 32.00%−48,207−1.69
≡DKS – DICKS SPORTING GOODS INCReduce 59.00%−1,724,013−1.59
≡MA – MASTERCARD INCORPORATEDReduce 38.00%−420,366−1.48
≡CEG – CONSTELLATION ENERGY CORPBuy875,9611.28
≡KKR – KKR & CO INCAdd 12.00%766,0561.09
≡ASML – ASML HOLDING N VAdd 15.00%64,2420.97
≡AMZN – AMAZON COM INCReduce 18.00%−971,308−0.79
≡WDAY – WORKDAY INCReduce 9.00%−133,046−0.65
≡META – META PLATFORMS INCReduce 26.00%−735,911−0.61
≡INTU – INTUITAdd 21.00%153,9230.58
≡MSFT – MICROSOFT CORPAdd 7.00%118,1090.51
≡IBN – ICICI BANK LIMITEDReduce 20.00%−2,399,598−0.47
≡TSM – TAIWAN SEMICONDUCTOR MFG LTDReduce 11.00%−775,4000.38
≡PTC – PTC INCReduce 6.00%−198,505−0.37
≡EPAM – EPAM SYS INCAdd 9.00%79,657−0.16
≡LPLA – LPL FINL HLDGS INCReduce 8.00%−155,044−0.11
≡BBWI – BATH & BODY WORKS INCReduce 7.00%−680,756−0.05
Q4 2023filed Feb 14, 244 new3 added5 reduced5 exited
≡INTU – INTUITBuy748,5274.05
≡GOOGL – ALPHABET INCSell−3,113,001−3.93
≡TDG – TRANSDIGM GROUP INCSell−436,740−3.55
≡XYZ – BLOCK INCAdd 70.00%2,720,1232.76
≡BILL – BILL HOLDINGS INCSell−2,546,689−2.67
≡MA – MASTERCARD INCORPORATEDReduce 37.00%−645,552−2.60
≡BX – BLACKSTONE INCBuy2,219,0232.51
≡PM – PHILIP MORRIS INTL INCBuy3,005,7912.45
≡GE – GENERAL ELECTRIC COBuy2,103,8852.32
≡SGI – TEMPUR SEALY INTL INCSell−4,771,772−1.99
≡FND – FLOOR & DECOR HLDGS INCSell−2,160,808−1.89
≡WDAY – WORKDAY INCReduce 40.00%−1,031,749−1.65
≡BBWI – BATH & BODY WORKS INCAdd 20.00%1,742,4711.06
≡ASML – ASML HOLDING N VAdd 13.00%49,3180.66
≡EPAM – EPAM SYS INCReduce 19.00%−203,969−0.41
≡TSM – TAIWAN SEMICONDUCTOR MFG LTDReduce 11.00%−852,228−0.28
≡LYV – LIVE NATION ENTERTAINMENT INReduce 10.00%−368,181−0.26