Steve Mandel’s portfolio: Lone Pine Capital 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061165Latest: Q2 2026
Q2 2023 filing in brief
In its Q2 2023 13F, filed August 14, 2023, Lone Pine Capital reported $10.9B across 29 US positions. The largest: MSFT (7.8%), TSM (5.9%), AMZN (5.8%), BBWI (5.6%), RH (5.4%). In the quarter it opened 2 positions, sold out of 2, added to 6 and trimmed 9; positions opened and sold out came to 9.5% 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 Aug 14, 2023
- 2 New
- 6 Added
- 9 Trimmed
- 2 Exited
29 positions at June 30, 2023. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | MSFT | MICROSOFT CORP | $852M | 2.5M | 7.81% | −6.6% | Trimmed |
| 2 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $647M | 6.4M | 5.93% | −21.7% | Trimmed |
| 3 | AMZN | AMAZON COM INC | $638M | 4.9M | 5.85% | −25.9% | Trimmed |
| 4 | BBWI | BATH & BODY WORKS INC | $613M | 16.4M | 5.62% | −16.4% | Trimmed |
| 5 | RH | RH | $584M | 1.8M | 5.36% | 0.0% | Held |
| 6 | WDAY | WORKDAY INC | $583M | 2.6M | 5.34% | −39.5% | Trimmed |
| 7 | BKNG | BOOKING HOLDINGS INC | $569M | 210.6K | 5.21% | +2.9% | Added |
| 8 | TDG | TRANSDIGM GROUP INC | $521M | 583.0K | 4.78% | −16.6% | Trimmed |
| 9 | MA | MASTERCARD INCORPORATED | $463M | 1.2M | 4.24% | +12.2% | Added |
| 10 | PTC | PTC INC | $451M | 3.2M | 4.13% | +18.1% | Added |
| 11 | LPLA | LPL FINL HLDGS INC | $436M | 2.0M | 3.99% | +7.7% | Added |
| 12 | DKS | DICKS SPORTING GOODS INC | $432M | 3.3M | 3.96% | −28.5% | Trimmed |
| 13 | UNH | UNITEDHEALTH GROUP INC | $428M | 891.2K | 3.93% | 0.0% | Held |
| 14 | FND | FLOOR & DECOR HLDGS INC | $391M | 3.8M | 3.58% | +24.2% | Added |
| 15 | KKR | KKR & CO INC | $368M | 6.6M | 3.37% | 0.0% | Held |
| 16 | LYV | LIVE NATION ENTERTAINMENT IN | $362M | 4.0M | 3.32% | — | New |
| 17 | CRM | SALESFORCE INC | $358M | 1.7M | 3.28% | −16.7% | Trimmed |
| 18 | ASML | ASML HOLDING N V | $334M | 461.1K | 3.06% | 0.0% | Held |
| 19 | V | VISA INC | $295M | 1.2M | 2.70% | −16.3% | Trimmed |
| 20 | HDB | HDFC BANK LTD | $284M | 4.1M | 2.61% | +36.4% | Added |
| 21 | IBN | ICICI BANK LIMITED | $278M | 12.0M | 2.55% | 0.0% | Held |
| 22 | NVDA | NVIDIA CORPORATION | $271M | 641.6K | 2.49% | — | New |
| 23 | EPAM | EPAM SYS INC | $217M | 965.6K | 1.99% | 0.0% | Held |
| 24 | BILL | BILL HOLDINGS INC | $213M | 1.8M | 1.95% | 0.0% | Held |
| 25 | MRNA | MODERNA INC | $186M | 1.5M | 1.70% | 0.0% | Held |
| 26 | SG | SWEETGREEN INC | $58M | 4.6M | 0.54% | 0.0% | Held |
| 27 | AVDX | AVIDXCHANGE HOLDINGS INC | $53M | 5.1M | 0.48% | 0.0% | Held |
| 28 | — | MARQETA INC | $24M | 4.9M | 0.22% | 0.0% | Held |
| 29 | LNG | CHENIERE ENERGY INC | $1M | 8.3K | 0.01% | 0.0% | Held |
2 exited positions
Positions held in the preceding quarter and absent from this filing. Values and shares are from the preceding quarter.
| Ticker | Issuer | Previous value | Previous shares |
|---|---|---|---|
| AMD | ADVANCED MICRO DEVICES INC | $278M | 2.8M |
| — | VALARIS LIMITED | $124M | 1.9M |
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.