Q2 2026 · SEC CIK 0001061165

Stephen Mandel portfolio

SuperinvestorHedge fundLone Pine Capital LLC filed on 2026-08-14. Open SEC filings ↗

Reported 13F value: $16.4B
Reported positions: 34
Eligible equities: 33
Holdings vs S&P 500, 3 years: +4.6 pts

Average holding period of the top positions: 2 qtrs. Holdings vs the S&P 500 over 1 and 5 years: -12.3 pts, -0.4 pts.

In its Q2 2026 13F, filed 2026-08-14, Lone Pine Capital LLC reported 34 positions worth $16.4B. Its largest holdings were NEBIUS GROUP N.V. (NBIS, 7.2%), ASML HLDG NV (ASML, 6.9%), SEAGATE TECHNOLOGY HLDNGS PL (STX, 5.9%). Over the last 3 years its top holdings ran 4.6 points a year ahead of the S&P 500.

Reported holdings in the Q2 2026 13F.

The portfolio weight uses the full reported share-portfolio denominator. Weight changes compare this 13F with the one before it; price moves also change weights, so these are not trade labels. “New” means the position was not in the previous 13F at all; “—” marks a small position the earlier filing data does not cover.

Stephen Mandel eligible holdings
Stock	% of reported portfolio	Prior quarter	Weight change	Reported shares	Reported value
NBISNEBIUS GROUP N.V.	7.2%	New	New	4,258,008	$1.2B
ASMLASML HLDG NV	6.9%	6.9%	+0.02 pp	569,174	$1.1B
STXSEAGATE TECHNOLOGY HLDNGS PL	5.9%	New	New	1,000,109	$965.1M
HDHOME DEPOT INC	5.6%	New	New	2,603,189	$918.1M
AMATAPPLIED MATLS INC	5.3%	New	New	1,207,737	$873.2M
MDLNMEDLINE INC	5.1%	4.2%	+0.87 pp	20,968,367	$827.0M
LINLINDE PLC	4.9%	New	New	1,558,081	$808.6M
TERTERADYNE INC	4.4%	4.4%	-0.01 pp	1,493,080	$722.4M
GLWCORNING INC	4.3%	4.0%	+0.23 pp	2,728,058	$696.8M
CVNACARVANA CO	4.2%	4.4%	-0.17 pp	10,520,666	$692.5M
HUTHUT 8 CORP	4.1%	2.3%	+1.80 pp	5,773,045	$666.5M
PFGCPERFORMANCE FOOD GROUP CO	4.0%	2.7%	+1.28 pp	5,852,740	$654.3M
NUNU HLDGS LTD	3.9%	4.4%	-0.50 pp	47,219,717	$630.9M
WULFTERAWULF INC	3.6%	2.3%	+1.35 pp	24,144,625	$596.4M
CRSCARPENTER TECHNOLOGY CORP	3.6%	5.7%	-2.08 pp	962,839	$593.9M
MTZMASTEC INC	3.4%	3.9%	-0.51 pp	1,345,157	$559.7M
APPAPPLOVIN CORP	3.3%	4.6%	-1.36 pp	1,042,268	$537.0M
TTMITTM TECHNOLOGIES INC	3.1%	New	New	2,738,075	$512.1M
STRLSTERLING INFRASTRUCTURE INC	3.1%	New	New	609,643	$511.7M
USFDUS FOODS HLDG CORP	3.1%	2.8%	+0.28 pp	4,914,492	$502.5M
LPLALPL FINL HLDGS INC	2.1%	4.9%	-2.82 pp	1,219,099	$343.4M
AGXARGAN INC	1.8%	1.7%	+0.09 pp	368,673	$294.4M
BTDRBITDEER TECHNOLOGIES GROUP	0.7%	New	New	7,020,026	$111.4M
SHAZSHARONAI HOLDINGS INC	0.6%	New	New	1,209,848	$102.4M
GOOGLALPHABET INC	0.5%	0.4%	+0.04 pp	215,574	$77.0M
KGSKODIAK GAS SVCS INC	0.4%	New	New	845,070	$63.5M
VVISA INC	0.3%	0.2%	+0.12 pp	165,960	$56.9M
IBKRINTERACTIVE BROKERS GROUP IN	0.3%	New	New	577,666	$50.3M
TSMTAIWAN SEMICONDUCTOR MANUFAC	0.3%	3.7%	-3.45 pp	101,242	$48.4M
SESEA LTD	0.3%	New	New	494,581	$47.4M
MCKMCKESSON CORP	0.3%	2.7%	-2.44 pp	57,851	$43.7M
TDGTRANSDIGM GROUP INC	0.2%	0.3%	-0.10 pp	28,532	$38.0M
BNBROOKFIELD CORP	0.2%	3.6%	-3.41 pp	792,717	$33.8M

What Stephen Mandel bought and sold in Q2 2026, against Q1 2026.

Sold out

Share counts compared with the Q1 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: +5.9% /yr; S&P 500 +20.1%
3 years: +24.2% /yr; S&P 500 +20.4%
5 years: +10.4% /yr; S&P 500 +13.3%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Questions about Stephen Mandel's portfolio

What stocks does Stephen Mandel own?

Lone Pine Capital LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 34 positions worth $16.4B. The largest are Nebius Group N.v. (NBIS) at 7.2%, Asml Hldg NV (ASML) at 6.9%, Seagate Technology Hldngs Pl (STX) at 5.9%, Home Depot Inc (HD) at 5.6% and Applied Matls Inc (AMAT) at 5.3%.

What did Stephen Mandel buy last quarter?

In Q2 2026, Lone Pine Capital LLC added a new position in Nebius Group N.v. (NBIS), a new position in Seagate Technology Hldngs Pl (STX), a new position in Home Depot Inc (HD), a new position in Applied Matls Inc (AMAT), a new position in Linde PLC (LIN), Carvana Co (CVNA) (+499.6% shares), Visa Inc (V) (+78.9% shares) and Medline Inc (MDLN) (+77.9% shares), compared with its Q1 2026 filing.

What did Stephen Mandel sell last quarter?

In Q2 2026, Lone Pine Capital LLC sold all of Vistra Corp (VST), sold all of Talen Energy Corp (TLN), sold all of Clean Harbors Inc (CLH), sold all of Tenet Healthcare Corp (THC), sold all of Capital One Finl Corp (COF), Brookfield Corp (BN) (-92.9% shares), Taiwan Semiconductor Manufac (TSM) (-92.7% shares) and Mckesson Corp (MCK) (-85.3% shares), compared with its Q1 2026 filing.

How has Stephen Mandel's portfolio performed?

A portfolio copying Lone Pine Capital LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +24.2% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +5.9% against +20.1%. Over 5 years: +10.4% a year against +13.3%.

When is Lone Pine Capital LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Lone Pine Capital LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Lone Pine Capital LLC manage?

Lone Pine Capital LLC reported $21.6B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $16.4B.