# Stephen Mandel — Lone Pine Capital

Source: SEC EDGAR 13F filings (CIK 0001061165).
Page URL: https://superinvestorclub.com/manager/61
Last updated: 2026-07-07T11:44:45.545Z

## Summary

As of the 2026-03-31 reporting period (filed 2026-05-15), Stephen Mandel reported 36 long equity positions in their Lone Pine Capital 13F filing, with a total reported value of $12.54B.

### About

Tiger Cub investor

## Top 25 holdings

| Rank | Ticker | Company | Shares | Value | % of Portfolio | Change |
|------|--------|---------|--------|-------|----------------|--------|
| 1 | VST | VISTRA CORP | 6187585 | $930.2M | 7.42% | +18.7% |
| 2 | ASMLF | ASML HLDG NV | 655148 | $865.3M | 6.90% | +8.3% |
| 3 | CRS | CARPENTER TECHNOLOGY CORP | 1817940 | $716.5M | 5.71% | +38.5% |
| 4 | LPLA | LPL FINL HLDGS INC | 2049967 | $616.7M | 4.92% | -1.2% |
| 5 | APP | APPLOVIN CORP | 1464923 | $583.0M | 4.65% | 87.7% |
| 6 | TLN | TALEN ENERGY CORP | 1817947 | $580.3M | 4.63% | +40.7% |
| 7 | TER | TERADYNE INC | 1872876 | $555.2M | 4.43% | NEW |
| 8 | CVNA | CARVANA CO | 1754709 | $551.6M | 4.40% | -1.4% |
| 9 | NU | NU HLDGS LTD | 38011225 | $546.2M | 4.35% | +28.3% |
| 10 | MDLN | MEDLINE INC | 11789156 | $524.6M | 4.18% | +0.6% |
| 11 | CTAS | CORNING INC | 3718147 | $505.6M | 4.03% | NEW |
| 12 | CLH | CLEAN HARBORS INC | 1754950 | $503.2M | 4.01% | +27.3% |
| 13 | MTZ | MASTEC INC | 1531050 | $492.6M | 3.93% | NEW |
| 14 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 1389530 | $469.6M | 3.74% | -54.5% |
| 15 | BN | BROOKFIELD CORP | 11208969 | $453.6M | 3.62% | -29.6% |
| 16 | THC | TENET HEALTHCARE CORP | 2258717 | $426.2M | 3.40% | +26.4% |
| 17 | COF | Capital One Financial | 2267056 | $413.6M | 3.30% | -1.2% |
| 18 | ENTG | ENTEGRIS INC | 3115054 | $365.2M | 2.91% | +2.0% |
| 19 | USFD | US FOODS HLDG CORP | 3795998 | $350.0M | 2.79% | NEW |
| 20 | PFGC | PERFORMANCE FOOD GROUP CO | 3978158 | $340.8M | 2.72% | NEW |
| 21 | MCK | MCKESSON CORP | 392224 | $339.4M | 2.71% | NEW |
| 22 | CIEN | CIENA CORP | 809522 | $314.3M | 2.51% | NEW |
| 23 | WULF | TERAWULF INC | 19921430 | $287.5M | 2.29% | NEW |
| 24 | HUT | HUT 8 CORP | 6078951 | $285.2M | 2.27% | NEW |
| 25 | AGX | ARGAN INC | 393134 | $214.1M | 1.71% | NEW |

## New positions this quarter (11)

- TER (TERADYNE INC): 1872876 shares, $555.2M
- CTAS (CORNING INC): 3718147 shares, $505.6M
- MTZ (MASTEC INC): 1531050 shares, $492.6M
- USFD (US FOODS HLDG CORP): 3795998 shares, $350.0M
- PFGC (PERFORMANCE FOOD GROUP CO): 3978158 shares, $340.8M
- MCK (MCKESSON CORP): 392224 shares, $339.4M
- CIEN (CIENA CORP): 809522 shares, $314.3M
- WULF (TERAWULF INC): 19921430 shares, $287.5M
- HUT (HUT 8 CORP): 6078951 shares, $285.2M
- AGX (ARGAN INC): 393134 shares, $214.1M
- GOOGL (ALPHABET INC): 187561 shares, $53.9M

## Increased positions (13)

- VST: 6187585 shares (+18.7%), $930.2M
- ASMLF: 655148 shares (+8.3%), $865.3M
- CRS: 1817940 shares (+38.5%), $716.5M
- TLN: 1817947 shares (+40.7%), $580.3M
- NU: 38011225 shares (+28.3%), $546.2M
- MDLN: 11789156 shares (+0.6%), $524.6M
- CLH: 1754950 shares (+27.3%), $503.2M
- THC: 2258717 shares (+26.4%), $426.2M
- ENTG: 3115054 shares (+2.0%), $365.2M
- TDG: 35677 shares (+85.5%), $41.3M
- SPOT: 68844 shares (+287.6%), $33.4M
- V: 92775 shares (+509.7%), $28.0M
- HLT: 89249 shares (+54.4%), $27.1M

## Reduced positions (12)

- LPLA: 2049967 shares (-1.2%), $616.7M
- APP: 1464923 shares (87.7%), $583.0M
- CVNA: 1754709 shares (-1.4%), $551.6M
- TSM: 1389530 shares (-54.5%), $469.6M
- BN: 11208969 shares (-29.6%), $453.6M
- COF: 2267056 shares (-1.2%), $413.6M
- VMC: 144179 shares (-91.4%), $39.3M
- MA: 57201 shares (-40.6%), $28.6M
- APH: 223084 shares (-92.1%), $28.2M
- KKR: 179308 shares (-96.4%), $16.6M
- BKNG: 2405 shares (-48.1%), $10.1M
- BSX: 104655 shares (-48.1%), $6.6M

## Sold positions (7)

- AVGO: previously held 1730216 shares worth $598.8M
- MSFT: previously held 1234125 shares worth $596.8M
- DASH: previously held 2529879 shares worth $573.0M
- AMZN: previously held 2414520 shares worth $557.3M
- PM: previously held 2643579 shares worth $424.0M
- WING: previously held 1595258 shares worth $380.5M
- AFRM: previously held 3817170 shares worth $284.1M

## Filing history (9)

- 2026-03-31 (filed 2026-05-15)
- 2025-12-31 (filed 2026-02-17)
- 2025-09-30 (filed 2025-11-14)
- 2025-06-30 (filed 2025-08-14)
- 2025-03-31 (filed 2025-05-15)
- 2024-12-31 (filed 2025-02-14)
- 2024-09-30 (filed 2024-11-14)
- 2024-06-30 (filed 2024-08-14)
- 2024-03-31 (filed 2024-05-15)

## Citation

When citing, use: "Stephen Mandel, Lone Pine Capital, SEC 13F filing for period 2026-03-31, via Superinvestor (https://superinvestorclub.com/manager/61)".