Steve Mandel’s portfolio: Lone Pine Capital 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061165Latest: Q2 2026
Q3 2020 filing in brief
In its Q3 2020 13F, filed November 16, 2020, Lone Pine Capital reported $23.3B across 32 US positions. The largest: SHOP (7.6%), META (6.6%), MSFT (5.8%), UNH (5.3%), COUPEUR (5.1%). In the quarter it opened 11 positions, sold out of 8, added to 9 and trimmed 8; positions opened and sold out came to 36.1% of the portfolio's value.
Methodology
Holdings come from the manager’s Form 13F-HR filings on SEC EDGAR, with amendments applied. Values and shares are reported at quarter-end; the filing date is when the report became public. These disclosures show reported long positions and listed options, not the manager’s entire portfolio or its trades since quarter-end.
Quarterly changes compare shares with the immediately preceding quarter on file. New and exited positions appear or disappear; added and trimmed positions change their share count by more than 1%. A share change can also reflect a stock split or other corporate action.
Opened and sold out is the value of new positions plus the prior value of exited positions, divided by the average of the two quarters’ reported portfolio values. It excludes changes to positions still held. Reported value growth includes price changes and is not a measure of investment performance. Largest-five and largest-ten weights exclude options.
Holdings
Filed Nov 16, 2020
- 11 New
- 9 Added
- 8 Trimmed
- 8 Exited
32 positions at September 30, 2020. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | SHOP | SHOPIFY INC | $1.8B | 1.7M | 7.57% | +2.9% | Added |
| 2 | META | FACEBOOK INC | $1.5B | 5.8M | 6.58% | +11.1% | Added |
| 3 | MSFT | MICROSOFT CORP | $1.4B | 6.4M | 5.82% | +3.3% | Added |
| 4 | UNH | UNITEDHEALTH GROUP INC | $1.2B | 3.9M | 5.28% | +30.5% | Added |
| 5 | COUPEUR | COUPA SOFTWARE INC | $1.2B | 4.3M | 5.10% | +103.8% | Added |
| 6 | PYPL | PAYPAL HLDGS INC | $1.2B | 6.0M | 5.08% | −18.7% | Trimmed |
| 7 | GPN | GLOBAL PMTS INC | $1.1B | 6.4M | 4.88% | +33.5% | Added |
| 8 | NFLX | NETFLIX INC | $1.1B | 2.3M | 4.84% | +40.2% | Added |
| 9 | AMZN | AMAZON COM INC | $1.1B | 337.3K | 4.56% | −26.3% | Trimmed |
| 10 | HUM | HUMANA INC | $900M | 2.2M | 3.86% | −10.3% | Trimmed |
| 11 | DOCU | DOCUSIGN INC | $890M | 4.1M | 3.82% | — | New |
| 12 | XYZ | SQUARE INC | $873M | 5.4M | 3.75% | — | New |
| 13 | MTCH | MATCH GROUP INC NEW | $867M | 7.8M | 3.72% | — | New |
| 14 | NOW | SERVICENOW INC | $859M | 1.8M | 3.69% | −1.0% | Held |
| 15 | LB | L BRANDS INC | $835M | 26.3M | 3.59% | 0.0% | Held |
| 16 | ADBE | ADOBE SYSTEMS INCORPORATED | $829M | 1.7M | 3.56% | −7.1% | Trimmed |
| 17 | COF | CAPITAL ONE FINL CORP | $739M | 10.3M | 3.17% | 0.0% | Held |
| 18 | ADSK | AUTODESK INC | $676M | 2.9M | 2.91% | +40.0% | Added |
| 19 | DDOG | DATADOG INC | $669M | 6.5M | 2.87% | −4.2% | Trimmed |
| 20 | — | ATLASSIAN CORP PLC | $598M | 3.3M | 2.57% | — | New |
| 21 | MA | MASTERCARD INCORPORATED | $596M | 1.8M | 2.56% | −20.0% | Trimmed |
| 22 | — | STONECO LTD | $439M | 8.3M | 1.88% | — | New |
| 23 | TDG | TRANSDIGM GROUP INC | $358M | 754.4K | 1.54% | −56.9% | Trimmed |
| 24 | NUANEUR | NUANCE COMMUNICATIONS INC | $281M | 8.5M | 1.21% | — | New |
| 25 | SNOW | SNOWFLAKE INC | $252M | 1.0M | 1.08% | — | New |
| 26 | MELI | MERCADOLIBRE INC | $231M | 213.6K | 0.99% | — | New |
| 27 | BILL | BILL COM HLDGS INC | $222M | 2.2M | 0.95% | — | New |
| 28 | DXCM | DEXCOM INC | $191M | 463.1K | 0.82% | +36.4% | Added |
| 29 | HWM | HOWMET AEROSPACE INC | $132M | 7.9M | 0.57% | 0.0% | Held |
| 30 | PODD | INSULET CORP | $109M | 462.2K | 0.47% | — | New |
| 31 | BKNG | BOOKING HOLDINGS INC | $101M | 58.9K | 0.43% | −90.1% | Trimmed |
| 32 | BEKE | KE HLDGS INC | $61M | 1.0M | 0.26% | — | New |
8 exited positions
Positions held in the preceding quarter and absent from this filing. Values and shares are from the preceding quarter.
Every quarter on file (53)
From the manager’s Form 13F-HR filings on SEC EDGAR, amendments applied. Long US positions only; not a recommendation.