← All Managers
Stephen Mandel
Lone Pine Capital
Tiger Cub investor
$13.61B
Portfolio Value
32
Holdings
Q4 '25
Period
2026-02-17
Filed
📈
⚠️ ApproximationSimulated 13F Return
Total Return
+23.71%
Q4 '24 → Q3 '25
Annualized
+32.93%/yr
S&P: +18.77%/yr
Alpha (vs S&P)
+9.99%
3 quarters tracked
1-Year Return
—
⚠️ Approximation only. 13F filings are delayed ~45 days. Options, shorts, and intra-quarter trades not captured.
📈 Recent Activity
Changes from previous quarter
VSTINCREASED
6.2% of portfolio
+11% shares-0.5pp
CVNAINCREASED
5.5% of portfolio
+1% shares+0.7pp
LPLAREDUCED
5.4% of portfolio
-8% shares-0.0pp
BNINCREASED
5.4% of portfolio
+56% shares+0.3pp
ASMLFNEW
4.8% of portfolio
New position
KKRINCREASED
4.7% of portfolio
+23% shares+0.8pp
AVGOINCREASED
4.4% of portfolio
+12% shares+0.7pp
MSFTINCREASED
4.4% of portfolio
+2% shares-0.2pp
DASHNEW
4.2% of portfolio
New position
AMZNREDUCED
4.1% of portfolio
-14% shares-0.4pp
COFREDUCED
4.1% of portfolio
-11% shares+0.1pp
APPINCREASED
3.9% of portfolio
-30% shares-1.9pp
NUINCREASED
3.6% of portfolio
+17% shares+0.7pp
MDLNNEW
3.6% of portfolio
New position
TLNINCREASED
3.6% of portfolio
+8% shares-0.1pp
VMCINCREASED
3.5% of portfolio
+22% shares+0.4pp
PMREDUCED
3.1% of portfolio
-43% shares-2.3pp
CRSNEW
3.0% of portfolio
New position
WINGINCREASED
2.8% of portfolio
+7% shares+0.1pp
APHREDUCED
2.8% of portfolio
-7% shares+0.1pp
THCNEW
2.6% of portfolio
New position
CLHNEW
2.4% of portfolio
New position
AFRMNEW
2.1% of portfolio
New position
ENTGNEW
1.9% of portfolio
New position
MANEW
0.4% of portfolio
New position
TDGNEW
0.2% of portfolio
New position
BKNGINCREASED
0.2% of portfolio
-85% shares-1.0pp
BSXNEW
0.1% of portfolio
New position
HLTNEW
0.1% of portfolio
New position
SPOTNEW
0.1% of portfolio
New position
VNEW
<0.1% of portfolio
New position
METASOLD
was 7.1%
Sold out position
Filing price: $734.38
SBUXSOLD
was 3.4%
Sold out position
Filing price: $84.60
EQTSOLD
was 3.3%
Sold out position
Filing price: $54.43
FLUTSOLD
was 3.2%
Sold out position
Filing price: $254.00
SESOLD
was 2.4%
Sold out position
Filing price: $178.73
CIENSOLD
was 2.1%
Sold out position
Filing price: $145.67
ETSYSOLD
was 1.9%
Sold out position
Filing price: $66.39
Sold Out (7)
📊 Sector Breakdown
Portfolio allocation by sector
Unknown 59.5%Technology 23.9%Financials 9.2%Materials 3.5%Consumer Staples 3.1%+4 more (0.7%)
💼 Holdings
🔍
32 of 32 positions · $13.61B
This quarter: 14 new positions, increased 12, reduced 5, sold 7. Net buyer.
| # | Stock | % Portfolio▼ | Activity | Shares | Reported Price | Value | Current Price | +/- Reported | 52w Low | 52w High | SEC | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 6.8% | Held | 3052400 | $303.89 | $927.6M | — | — | — | — | 📄 | |
| 2 | VSTVISTRA CORP | 6.2% | Add 10.91% | 5211885 | $161.33 | $840.8M | — | — | — | — | 📄 | |
| 3 | CVNACARVANA CO | 5.5% | Add 0.80% | 1779328 | $422.02 | $750.9M | — | — | — | — | 📄 | |
| 4 | LPLALPL FINL HLDGS INC | 5.4% | Reduce 8.01% | 2074948 | $357.17 | $741.1M | — | — | — | — | 📄 | |
| 5 | BNBROOKFIELD CORP | 5.4% | Add 56.40% | 15923360 | $45.89 | $730.7M | — | — | — | — | 📄 | |
| 6 | ASMLFASML HOLDING N V | 4.8% | Buy | 605017 | $1069.86 | $647.3M | — | — | — | — | 📄 | |
| 7 | KKRKKR & CO INC | 4.7% | Add 22.56% | 5001085 | $127.48 | $637.5M | — | — | — | — | 📄 | |
| 8 | AVGOBROADCOM INC | 4.4% | Add 11.67% | 1730216 | $346.10 | $598.8M | — | — | — | — | 📄 | |
| 9 | MSFTMICROSOFT CORP | 4.4% | Add 2.11% | 1234125 | $483.62 | $596.8M | — | — | — | — | 📄 | |
| 10 | DASHDOORDASH INC | 4.2% | Buy | 2529879 | $226.48 | $573.0M | — | — | — | — | 📄 | |
| 11 | AMZNAMAZON COM INC | 4.1% | Reduce 14.13% | 2414520 | $230.82 | $557.3M | — | — | — | — | 📄 | |
| 12 | COFCapital One Financial | 4.1% | Reduce 10.69% | 2294891 | $242.36 | $556.2M | — | — | — | — | 📄 | |
| 13 | APPAPPLOVIN CORP | 3.9% | Add 29.63% | 780530 | $673.82 | $525.9M | — | — | — | — | 📄 | |
| 14 | NUNU HLDGS LTD | 3.6% | Add 16.62% | 29630237 | $16.74 | $496.0M | — | — | — | — | 📄 | |
| 15 | MDLNMEDLINE INC | 3.6% | Buy | 11716697 | $42.00 | $492.1M | — | — | — | — | 📄 | |
| 16 | TLNTALEN ENERGY CORP | 3.6% | Add 8.39% | 1292516 | $374.84 | $484.5M | — | — | — | — | 📄 | |
| 17 | VMCVULCAN MATLS CO | 3.5% | Add 21.62% | 1683932 | $285.22 | $480.3M | — | — | — | — | 📄 | |
| 18 | PMPHILIP MORRIS INTL INC | 3.1% | Reduce 42.71% | 2643579 | $160.40 | $424.0M | — | — | — | — | 📄 | |
| 19 | CRSCARPENTER TECHNOLOGY CORP | 3.0% | Buy | 1312938 | $314.84 | $413.4M | — | — | — | — | 📄 | |
| 20 | WINGWINGSTOP INC | 2.8% | Add 6.97% | 1595258 | $238.49 | $380.5M | — | — | — | — | 📄 | |
| 21 | APHAMPHENOL CORP NEW | 2.8% | Reduce 7.06% | 2809773 | $135.14 | $379.7M | — | — | — | — | 📄 | |
| 22 | THCTENET HEALTHCARE CORP | 2.6% | Buy | 1787326 | $198.72 | $355.2M | — | — | — | — | 📄 | |
| 23 | CLHCLEAN HARBORS INC | 2.4% | Buy | 1378125 | $234.48 | $323.1M | — | — | — | — | 📄 | |
| 24 | AFRMAFFIRM HLDGS INC | 2.1% | Buy | 3817170 | $74.43 | $284.1M | — | — | — | — | 📄 | |
| 25 | ENTGENTEGRIS INC | 1.9% | Buy | 3054230 | $84.25 | $257.3M | — | — | — | — | 📄 | |
| 26 | MAMASTERCARD INCORPORATED | 0.4% | Buy | 96338 | $570.88 | $55.0M | — | — | — | — | 📄 | |
| 27 | TDGTRANSDIGM GROUP INC | 0.2% | Buy | 19228 | $1329.85 | $25.6M | — | — | — | — | 📄 | |
| 28 | BKNGBOOKING HOLDINGS INC | 0.2% | Add 85.14% | 4630 | $5355.33 | $24.8M | — | — | — | — | 📄 | |
| 29 | BSXBOSTON SCIENTIFIC CORP | 0.1% | Buy | 201703 | $95.35 | $19.2M | — | — | — | — | 📄 | |
| 30 | HLTHILTON WORLDWIDE HLDGS INC | 0.1% | Buy | 57817 | $287.25 | $16.6M | — | — | — | — | 📄 | |
| 31 | SPOTSPOTIFY TECHNOLOGY S A | 0.1% | Buy | 17762 | $580.71 | $10.3M | — | — | — | — | 📄 | |
| 32 | VVISA INC | <0.1% | Buy | 15217 | $350.71 | $5.3M | — | — | — | — | 📄 |