Steve Mandel’s portfolio: Lone Pine Capital 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061165Latest: Q2 2026
Q1 2026 filing in brief
In its Q1 2026 13F, filed May 15, 2026, Lone Pine Capital reported $12.5B across 36 US positions. The largest: VST (7.4%), ASML (6.9%), CRS (5.7%), LPLA (4.9%), APP (4.7%). In the quarter it opened 11 positions, sold out of 7, added to 13 and trimmed 11; positions opened and sold out came to 54.7% 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 May 15, 2026
- 11 New
- 13 Added
- 11 Trimmed
- 7 Exited
36 positions at March 31, 2026. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | VST | VISTRA CORP | $930M | 6.2M | 7.42% | +18.7% | Added |
| 2 | ASML | ASML HLDG NV | $865M | 655.1K | 6.90% | +8.3% | Added |
| 3 | CRS | CARPENTER TECHNOLOGY CORP | $717M | 1.8M | 5.71% | +38.5% | Added |
| 4 | LPLA | LPL FINL HLDGS INC | $617M | 2.0M | 4.92% | −1.2% | Trimmed |
| 5 | APP | APPLOVIN CORP | $583M | 1.5M | 4.65% | +87.7% | Added |
| 6 | TLN | TALEN ENERGY CORP | $580M | 1.8M | 4.63% | +40.7% | Added |
| 7 | TER | TERADYNE INC | $555M | 1.9M | 4.43% | — | New |
| 8 | CVNA | CARVANA CO | $552M | 1.8M | 4.40% | −1.4% | Trimmed |
| 9 | NU | NU HLDGS LTD | $546M | 38.0M | 4.35% | +28.3% | Added |
| 10 | MDLN | MEDLINE INC | $525M | 11.8M | 4.18% | +0.6% | Held |
| 11 | GLW | CORNING INC | $506M | 3.7M | 4.03% | — | New |
| 12 | CLH | CLEAN HARBORS INC | $503M | 1.8M | 4.01% | +27.3% | Added |
| 13 | MTZ | MASTEC INC | $493M | 1.5M | 3.93% | — | New |
| 14 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | $470M | 1.4M | 3.74% | −54.5% | Trimmed |
| 15 | BN | BROOKFIELD CORP | $454M | 11.2M | 3.62% | −29.6% | Trimmed |
| 16 | THC | TENET HEALTHCARE CORP | $426M | 2.3M | 3.40% | +26.4% | Added |
| 17 | COF | CAPITAL ONE FINL CORP | $414M | 2.3M | 3.30% | −1.2% | Trimmed |
| 18 | ENTG | ENTEGRIS INC | $365M | 3.1M | 2.91% | +2.0% | Added |
| 19 | USFD | US FOODS HLDG CORP | $350M | 3.8M | 2.79% | — | New |
| 20 | PFGC | PERFORMANCE FOOD GROUP CO | $341M | 4.0M | 2.72% | — | New |
| 21 | MCK | MCKESSON CORP | $339M | 392.2K | 2.71% | — | New |
| 22 | CIEN | CIENA CORP | $314M | 809.5K | 2.51% | — | New |
| 23 | WULF | TERAWULF INC | $287M | 19.9M | 2.29% | — | New |
| 24 | HUT | HUT 8 CORP | $285M | 6.1M | 2.27% | — | New |
| 25 | AGX | ARGAN INC | $214M | 393.1K | 1.71% | — | New |
| 26 | GOOGL | ALPHABET INC | $54M | 187.6K | 0.43% | — | New |
| 27 | TDG | TRANSDIGM GROUP INC | $41M | 35.7K | 0.33% | +85.5% | Added |
| 28 | VMC | VULCAN MATLS CO | $39M | 144.2K | 0.31% | −91.4% | Trimmed |
| 29 | SPOT | SPOTIFY TECHNOLOGY S A | $33M | 68.8K | 0.27% | +287.6% | Added |
| 30 | MA | MASTERCARD INCORPORATED | $29M | 57.2K | 0.23% | −40.6% | Trimmed |
| 31 | APH | AMPHENOL CORP | $28M | 223.1K | 0.22% | −92.1% | Trimmed |
| 32 | V | VISA INC | $28M | 92.8K | 0.22% | +509.7% | Added |
| 33 | HLT | HILTON WORLDWIDE HLDGS INC | $27M | 89.2K | 0.22% | +54.4% | Added |
| 34 | KKR | KKR & CO INC | $17M | 179.3K | 0.13% | −96.4% | Trimmed |
| 35 | BKNG | BOOKING HOLDINGS INC | $10M | 2.4K | 0.08% | −48.1% | Trimmed |
| 36 | BSX | BOSTON SCIENTIFIC CORP | $7M | 104.7K | 0.05% | −48.1% | Trimmed |
7 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.