Stephen Mandel portfolio
Lone Pine Capital · 13F for Q2 2026, filed Aug 14, 2026
Lone Pine Capital, the firm Stephen Mandel founded, reported 34 positions worth $16.4B as of Jun 30, 2026. The largest were Nebius Group N.V. (7.2%), ASML Holding Nv (6.9%) and Seagate Technology Holdings plc (5.9%). Against Q1 2026: 13 new, 7 added to, 12 reduced, 15 sold out.
The filing on sec.gov · Every fund · What a 13F shows
- Reported value
- $16.4Bas of Jun 30
- Positions
- 3413 new, 15 sold out
- Largest position
- NBIS7.2% of the portfolio
- Top 10 positions
- 54%of reported value
What Stephen Mandel bought
Largest 8 of 20| Position | Change | Value |
|---|---|---|
| NBISNebius Group N.V. | New | $1.2B |
| STXSeagate Technology Holdings plc | New | $965M |
| HDHome Depot, Inc. | New | $918M |
| AMATApplied Materials Inc | New | $873M |
| LINLinde Plc | New | $809M |
| TTMITTM Technologies Inc | New | $512M |
| STRLSterling Infrastructure, Inc. | New | $512M |
| ONONOn Holding AG | New | $470M |
NBISNebius Group N.V.
STXSeagate Technology Holdings plc
HDHome Depot, Inc.
AMATApplied Materials Inc
LINLinde Plc
TTMITTM Technologies Inc
STRLSterling Infrastructure, Inc.
ONONOn Holding AGWhat Stephen Mandel sold
Largest 8 of 27| Position | Change | Value |
|---|---|---|
| VSTVistra Corp. | Sold out | $930M |
| TSMTaiwan Semiconductor Manufacturing Co Ltd | −92.7% | $615M |
| TLNTalen Energy Corp | Sold out | $580M |
| CLHClean Harbors Inc | Sold out | $503M |
| BNBROOKFIELD Corp | −92.9% | $444M |
| THCTenet Healthcare Corp | Sold out | $426M |
| COFCapital One Financial Corp | Sold out | $414M |
| ENTGEntegris Inc | Sold out | $365M |
VSTVistra Corp.
TSMTaiwan Semiconductor Manufacturing Co Ltd
TLNTalen Energy Corp
BNBROOKFIELD Corp
COFCapital One Financial Corp
ENTGEntegris IncEvery position, largest first
34 positions, Q2 2026| Position | Portfolio | Value | Change |
|---|---|---|---|
| NBISNebius Group N.V. | 7.19% | $1.2B | New |
| ASMLASML Holding Nv | 6.92% | $1.1B | −13.1% |
| STXSeagate Technology Holdings plc | 5.90% | $965M | New |
| HDHome Depot, Inc. | 5.61% | $918M | New |
| AMATApplied Materials Inc | 5.34% | $873M | New |
| MDLNMedline Inc. | 5.06% | $827M | +77.9% |
| LINLinde Plc | 4.94% | $809M | New |
| TERTeradyne, Inc | 4.42% | $722M | −20.3% |
| GLWCorning Inc | 4.26% | $697M | −26.6% |
| CVNACarvana Co. | 4.23% | $692M | — |
| HUTHUT 8 Corp. | 4.07% | $666M | −5.0% |
| PFGCPerformance Food Group Co | 4.00% | $654M | +47.1% |
| NUNU Holdings Ltd. | 3.86% | $631M | +24.2% |
| WULFTerawulf Inc. | 3.65% | $596M | +21.2% |
| CRSCarpenter Technology Corp | 3.63% | $594M | — |
| MTZMastec Inc | 3.42% | $560M | −12.1% |
| APPAppLovin Corp | 3.28% | $537M | −28.9% |
| TTMITTM Technologies Inc | 3.13% | $512M | New |
| STRLSterling Infrastructure, Inc. | 3.13% | $512M | New |
| USFDUS Foods Holding Corp. | 3.07% | $503M | +29.5% |
| ONONOn Holding AG | 2.88% | $470M | New |
| LPLALPL Financial Holdings Inc. | 2.10% | $343M | −40.5% |
| AGXArgan Inc | 1.80% | $294M | −6.2% |
| BTDRBitdeer Technologies Group | 0.68% | $111M | New |
| SHAZSharonAI Holdings Inc. | 0.63% | $102M | New |
ASMLASML Holding Nv
TERTeradyne, Inc
GLWCorning Inc
CVNACarvana Co.
HUTHUT 8 Corp.
PFGCPerformance Food Group Co
NUNU Holdings Ltd.
WULFTerawulf Inc.
CRSCarpenter Technology Corp
APPAppLovin Corp
USFDUS Foods Holding Corp.
LPLALPL Financial Holdings Inc.
AGXArgan Inc
BTDRBitdeer Technologies Group
SHAZSharonAI Holdings Inc.9 more positions
| Position | Portfolio | Value | Change |
|---|---|---|---|
| GOOGLAlphabet Inc. | 0.47% | $77.0M | +14.9% |
| KGSKodiak Gas Services, Inc. | 0.39% | $63.5M | New |
| VVisa Inc. | 0.35% | $56.9M | +78.9% |
| IBKRInteractive Brokers Group, Inc. | 0.31% | $50.3M | New |
| TSMTaiwan Semiconductor Manufacturing Co Ltd | 0.30% | $48.4M | −92.7% |
| Sea Ltd-Adr | 0.29% | $47.4M | New |
| MCKMcKesson Corp | 0.27% | $43.7M | −85.3% |
| TDGTransDigm Group INC | 0.23% | $38.0M | −20.0% |
| BNBROOKFIELD Corp | 0.21% | $33.8M | −92.9% |
GOOGLAlphabet Inc.
KGSKodiak Gas Services, Inc.
VVisa Inc.
IBKRInteractive Brokers Group, Inc.
MCKMcKesson Corp
TDGTransDigm Group INCWhat a 13F shows
This is Lone Pine Capital’s Form 13F for the quarter ended Jun 30, 2026, filed with the SEC on Aug 14, 2026 as LONE PINE CAPITAL LLC. A 13F lists long positions in US-listed securities on the quarter’s last day: shares, convertible bonds, puts and calls. It does not list short positions, cash, private holdings or most securities listed abroad, and a position may have changed since.
Options are shown as options, never added to the shares of the stock they are written on. A change is the share count against the fund's filing for Q1 2026; the estimated value of a change uses the price the filing's own figures imply. Where a count moved with a stock split, no change is shown.