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
≡TER – TERADYNE INCBuy1,872,8764.43
≡GLW – CORNING INCBuy3,718,1474.03
≡MTZ – MASTEC INCBuy1,531,0503.93
≡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
≡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
≡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
≡TDG – TRANSDIGM GROUP INCAdd 86.00%16,4490.14
≡HLT – HILTON WORLDWIDE HLDGS INCAdd 54.00%31,4320.09
Q4 2025filed Feb 17, 2614 new8 added7 reduced7 exited
≡ASML – ASML HOLDING N VBuy605,0174.76
≡DASH – DOORDASH INCBuy2,529,8794.21
≡MDLN – MEDLINE INCBuy11,716,6973.62
≡CRS – CARPENTER TECHNOLOGY CORPBuy1,312,9383.04
≡THC – TENET HEALTHCARE CORPBuy1,787,3262.61
≡CLH – CLEAN HARBORS INCBuy1,378,1252.37
≡AFRM – AFFIRM HLDGS INCBuy3,817,1702.09
≡ENTG – ENTEGRIS INCBuy3,054,2301.89
≡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
≡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
≡SPOT – SPOTIFY TECHNOLOGY S ABuy17,7620.08
≡WING – WINGSTOP INCAdd 7.00%104,0130.06
≡V – VISA INCBuy15,2170.04
Q3 2025filed Nov 14, 258 new6 added10 reduced5 exited
≡CVNA – CARVANA COAdd 360.00%1,381,7913.93
≡AVGO – BROADCOM INCBuy1,549,4123.72
≡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
≡BN – BROOKFIELD CORPAdd 81.00%4,559,9632.61
≡SE – SEA LTDBuy1,869,5012.43
≡CIEN – CIENA CORPBuy2,006,6622.13
≡ETSY – ETSY INCBuy3,880,3161.87
≡PM – PHILIP MORRIS INTL INCAdd 67.00%1,856,7491.87
≡TLN – TALEN ENERGY CORPAdd 9.00%103,1361.44
≡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
≡UNH – UNITEDHEALTH GROUP INCBuy1,693,3473.76
≡CVNACALL – CARVANA COAdd 360.00%1,381,7913.54
≡EQT – EQT CORPBuy7,518,2273.12
≡BN – BROOKFIELD CORPBuy5,621,3852.47
≡BKNG – BOOKING HOLDINGS INCBuy59,9722.47
≡WIX – WIX COM LTDBuy2,161,3312.44
≡AMZN – AMAZON COM INCAdd 16.00%680,8160.71
≡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
Q1 2025filed May 15, 251 added1 reduced
≡CVNA – CARVANA COAdd 503.00%1,930,6683.49
Q1 2025filed May 15, 255 new8 added6 reduced12 exited
≡CVNACALL – CARVANA COBuy2,314,1684.18
≡TOL – TOLL BROTHERS INCBuy3,800,5803.47
≡CDNS – CADENCE DESIGN SYSTEM INCBuy1,218,3892.68
≡INTU – INTUITAdd 21.00%247,0402.05
≡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
≡CVNACALL – CARVANA COBuy383,5000.69
≡FLUT – FLUTTER ENTMT PLCAdd 16.00%307,3770.58
≡KKR – KKR & CO INCAdd 18.00%715,6280.31
≡CRM – SALESFORCE INCAdd 11.00%166,4870.13
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
≡PM – PHILIP MORRIS INTL INCAdd 44.00%1,987,7161.72
≡SBUX – STARBUCKS CORPAdd 60.00%2,424,2071.44
≡INTU – INTUITAdd 26.00%235,4011.13
≡META – META PLATFORMS INCAdd 8.00%145,5930.78
≡TLN – TALEN ENERGY CORPAdd 27.00%233,1650.49
≡CIFR – CIPHER MINING INCBuy2,344,3800.08
Q3 2024filed Nov 14, 249 new5 added11 reduced4 exited
≡CRM – SALESFORCE INCBuy2,337,8304.77
≡LEN – LENNAR CORPBuy2,927,6544.09
≡SBUX – STARBUCKS CORPBuy4,050,8502.95
≡WDAY – WORKDAY INCBuy1,604,3852.93
≡META – META PLATFORMS INCAdd 36.00%496,9002.37
≡CEG – CONSTELLATION ENERGY CORPAdd 49.00%789,2782.04
≡TLN – TALEN ENERGY CORPBuy856,2151.14
≡ARES – ARES MANAGEMENT CORPORATIONAdd 30.00%477,0530.68
≡AMZN – AMAZON COM INCAdd 23.00%1,033,9870.65
≡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
Q2 2024filed Aug 14, 244 new7 added3 reduced6 exited
≡UNH – UNITEDHEALTH GROUP INCBuy944,3173.90
≡HWM – HOWMET AEROSPACE INCBuy3,665,3212.31
≡GEV – GE VERNOVA INCBuy1,477,0082.05
≡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
≡XYZ – BLOCK INCAdd 14.00%934,588−0.48
≡BBWI – BATH & BODY WORKS INCAdd 16.00%1,547,399−0.27
Q1 2024filed May 15, 245 new6 added11 reduced4 exited
≡VST – VISTRA CORPBuy6,412,8813.52
≡SPOT – SPOTIFY TECHNOLOGY S ABuy1,687,4153.51
≡APP – APPLOVIN CORPBuy5,319,6712.91
≡PM – PHILIP MORRIS INTL INCAdd 122.00%3,665,3382.38
≡MCK – MCKESSON CORPBuy560,9362.38
≡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
≡INTU – INTUITAdd 21.00%153,9230.58
≡MSFT – MICROSOFT CORPAdd 7.00%118,1090.51
≡EPAM – EPAM SYS INCAdd 9.00%79,657−0.16
Q4 2023filed Feb 14, 244 new3 added5 reduced5 exited
≡INTU – INTUITBuy748,5274.05
≡XYZ – BLOCK INCAdd 70.00%2,720,1232.76
≡BX – BLACKSTONE INCBuy2,219,0232.51
≡PM – PHILIP MORRIS INTL INCBuy3,005,7912.45
≡GE – GENERAL ELECTRIC COBuy2,103,8852.32
≡BBWI – BATH & BODY WORKS INCAdd 20.00%1,742,4711.06
≡ASML – ASML HOLDING N VAdd 13.00%49,3180.66