Lone Pine Capital portfolio
Managed by Stephen Mandel (founder). 36 reported positions worth $12.5B as of 2026-03-31, filed with the SEC on 2026-05-15. Parsed from the filing itself, not a reseller.
Every position on this page is a snapshot of 2026-03-31. It was already 45 days old on 2026-05-15, the day it first became public. Today it is 134 days old.
That lag is the law, not a service level — Rule 13f-1 gives managers 45 days after quarter end to file, and no product can shorten it. A fund can have sold every share below before you read this sentence. Treat it as a record of what happened, never as a position you can follow.
Positions opened and closed
Against its 2025-12-31 filing. This is the part worth reading — the holdings table below is mostly years old.
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| TER | TERADYNE INC | $555.2M | 1,872,876 | 4.43% |
| GLW | CORNING INC | $505.6M | 3,718,147 | 4.03% |
| MTZ | MASTEC INC | $492.6M | 1,531,050 | 3.93% |
| USFD | US FOODS HLDG CORP | $350.0M | 3,795,998 | 2.79% |
| PFGC | PERFORMANCE FOOD GROUP CO | $340.8M | 3,978,158 | 2.72% |
| MCK | MCKESSON CORP | $339.4M | 392,224 | 2.71% |
| CIEN | CIENA CORP | $314.3M | 809,522 | 2.51% |
| WULF | TERAWULF INC | $287.5M | 19,921,430 | 2.29% |
| HUT | HUT 8 CORP | $285.2M | 6,078,951 | 2.27% |
| AGX | ARGAN INC | $214.1M | 393,134 | 1.71% |
| GOOGL | ALPHABET INC | $53.9M | 187,561 | 0.43% |
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| AVGO | BROADCOM INC | $598.8M | 1,730,216 | 0.00% |
| MSFT | MICROSOFT CORP | $596.8M | 1,234,125 | 0.00% |
| DASH | DOORDASH INC | $573.0M | 2,529,879 | 0.00% |
| AMZN | AMAZON COM INC | $557.3M | 2,414,520 | 0.00% |
| PM | PHILIP MORRIS INTL INC | $424.0M | 2,643,579 | 0.00% |
| WING | WINGSTOP INC | $380.5M | 1,595,258 | 0.00% |
| AFRM | AFFIRM HLDGS INC | $284.1M | 3,817,170 | 0.00% |
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| VST | VISTRA CORP | $930.2M | 6,187,585 | 7.42% | +19% |
| ASML | ASML HLDG NV | $865.3M | 655,148 | 6.90% | +8% |
| CRS | CARPENTER TECHNOLOGY CORP | $716.5M | 1,817,940 | 5.71% | +38% |
| APP | APPLOVIN CORP | $583.0M | 1,464,923 | 4.65% | +88% |
| TLN | TALEN ENERGY CORP | $580.3M | 1,817,947 | 4.63% | +41% |
| NU | NU HLDGS LTD | $546.2M | 38,011,225 | 4.35% | +28% |
| CLH | CLEAN HARBORS INC | $503.2M | 1,754,950 | 4.01% | +27% |
| THC | TENET HEALTHCARE CORP | $426.2M | 2,258,717 | 3.40% | +26% |
| ENTG | ENTEGRIS INC | $365.2M | 3,115,054 | 2.91% | +2% |
| TDG | TRANSDIGM GROUP INC | $41.3M | 35,677 | 0.33% | +86% |
| SPOT | SPOTIFY TECHNOLOGY S A | $33.4M | 68,844 | 0.27% | +288% |
| V | VISA INC | $28.0M | 92,775 | 0.22% | +510% |
| HLT | HILTON WORLDWIDE HLDGS INC | $27.1M | 89,249 | 0.22% | +54% |
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| KKR | KKR & CO INC | $16.6M | 179,308 | 0.13% | -96% |
| APH | AMPHENOL CORP | $28.2M | 223,084 | 0.22% | -92% |
| VMC | VULCAN MATLS CO | $39.3M | 144,179 | 0.31% | -91% |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $469.6M | 1,389,530 | 3.74% | -54% |
| BSX | BOSTON SCIENTIFIC CORP | $6.6M | 104,655 | 0.05% | -48% |
| BKNG | BOOKING HOLDINGS INC | $10.1M | 2,405 | 0.08% | -48% |
| MA | MASTERCARD INCORPORATED | $28.6M | 57,201 | 0.23% | -41% |
| BN | BROOKFIELD CORP | $453.6M | 11,208,969 | 3.62% | -30% |
| CVNA | CARVANA CO | $551.6M | 1,754,709 | 4.40% | -1% |
| COF | CAPITAL ONE FINL CORP | $413.6M | 2,267,056 | 3.30% | -1% |
| LPLA | LPL FINL HLDGS INC | $616.7M | 2,049,967 | 4.92% | -1% |
All reported holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| VST | VISTRA CORP | $930.2M | 6,187,585 | 7.42% | — |
| ASML | ASML HLDG NV | $865.3M | 655,148 | 6.90% | — |
| CRS | CARPENTER TECHNOLOGY CORP | $716.5M | 1,817,940 | 5.71% | — |
| LPLA | LPL FINL HLDGS INC | $616.7M | 2,049,967 | 4.92% | — |
| APP | APPLOVIN CORP | $583.0M | 1,464,923 | 4.65% | — |
| TLN | TALEN ENERGY CORP | $580.3M | 1,817,947 | 4.63% | — |
| TER | TERADYNE INC | $555.2M | 1,872,876 | 4.43% | — |
| CVNA | CARVANA CO | $551.6M | 1,754,709 | 4.40% | — |
| NU | NU HLDGS LTD | $546.2M | 38,011,225 | 4.35% | — |
| MDLN | MEDLINE INC | $524.6M | 11,789,156 | 4.18% | — |
| GLW | CORNING INC | $505.6M | 3,718,147 | 4.03% | — |
| CLH | CLEAN HARBORS INC | $503.2M | 1,754,950 | 4.01% | — |
| MTZ | MASTEC INC | $492.6M | 1,531,050 | 3.93% | — |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $469.6M | 1,389,530 | 3.74% | — |
| BN | BROOKFIELD CORP | $453.6M | 11,208,969 | 3.62% | — |
| THC | TENET HEALTHCARE CORP | $426.2M | 2,258,717 | 3.40% | — |
| COF | CAPITAL ONE FINL CORP | $413.6M | 2,267,056 | 3.30% | — |
| ENTG | ENTEGRIS INC | $365.2M | 3,115,054 | 2.91% | — |
| USFD | US FOODS HLDG CORP | $350.0M | 3,795,998 | 2.79% | — |
| PFGC | PERFORMANCE FOOD GROUP CO | $340.8M | 3,978,158 | 2.72% | — |
| MCK | MCKESSON CORP | $339.4M | 392,224 | 2.71% | — |
| CIEN | CIENA CORP | $314.3M | 809,522 | 2.51% | — |
| WULF | TERAWULF INC | $287.5M | 19,921,430 | 2.29% | — |
| HUT | HUT 8 CORP | $285.2M | 6,078,951 | 2.27% | — |
| AGX | ARGAN INC | $214.1M | 393,134 | 1.71% | — |
| GOOGL | ALPHABET INC | $53.9M | 187,561 | 0.43% | — |
| TDG | TRANSDIGM GROUP INC | $41.3M | 35,677 | 0.33% | — |
| VMC | VULCAN MATLS CO | $39.3M | 144,179 | 0.31% | — |
| SPOT | SPOTIFY TECHNOLOGY S A | $33.4M | 68,844 | 0.27% | — |
| MA | MASTERCARD INCORPORATED | $28.6M | 57,201 | 0.23% | — |
| APH | AMPHENOL CORP | $28.2M | 223,084 | 0.22% | — |
| V | VISA INC | $28.0M | 92,775 | 0.22% | — |
| HLT | HILTON WORLDWIDE HLDGS INC | $27.1M | 89,249 | 0.22% | — |
| KKR | KKR & CO INC | $16.6M | 179,308 | 0.13% | — |
| BKNG | BOOKING HOLDINGS INC | $10.1M | 2,405 | 0.08% | — |
| BSX | BOSTON SCIENTIFIC CORP | $6.6M | 104,655 | 0.05% | — |
Rows are aggregated by CUSIP — a manager files the same security multiple times when different internal desks hold it. Tickers link to our own backtest of that asset where we cover it.
This page was built from one document: the 2026-03-31 Form 13F info table filed by LONE PINE CAPITAL LLC (CIK 1061165, accession 0000919574-26-003439). Every other 13F site is reading the same file.
If anything here disagrees with it, the filing wins — and we would want to know. All 13F filings by this manager
A 13F is a long-only equity snapshot, and the holes in it are structural. Anyone selling you this data as "what the smart money is doing" is selling you one leg of a position:
- No short positions. None, ever. A fund shown here as bullish may be net short the same name through a book you cannot see.
- No cash, bonds, FX, commodities or non-US listings. A macro fund's entire thesis can be invisible.
- No intra-quarter round trips. Bought and sold inside the same quarter means it never appears at all.
- Options are notional, not ownership. We keep puts and calls in a separate bucket rather than adding their notional into a fund's book size, which is how a $2B fund gets reported as a $20B one.
- Confidential treatment. Managers can ask the SEC to withhold a position while they build it. Those holdings are legally absent from the filing, so a "new" position may be months old.
Tested and published by IndicatorEdge · backtest grid generated 2026-06-25 · base rates recomputed 2026-07-31 · how we test
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