What Stephen Mandel Bought in Q1 2025
Lone Pine Capital · Quarterly 13F recap as filed with the SEC.
Period: 2025-03-31 · Filed · Historical
$11.58B
Total Value
24
Holdings
6
New Buys
7
Reduced
In Q1 2025, Stephen Mandel reported 24 long equity positions worth $11.58B in their Lone Pine Capital 13F filing, including 6 new positions (largest: CARVANA CO at $483.8M) and 10 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | META | META PLATFORMS INC | 1758062 | $1.01B | 8.75% | -13.7% |
| 2 | INTU | INTUIT | 1403802 | $861.9M | 7.44% | +21.4% |
| 3 | AMZN | AMAZON COM INC | 4352740 | $828.2M | 7.15% | +14.9% |
| 4 | MSFT | MICROSOFT CORP | 1960328 | $735.9M | 6.36% | +19.6% |
| 5 | SBUX | STARBUCKS CORP | 6607888 | $648.2M | 5.60% | +2.1% |
| 6 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | 3865381 | $641.7M | 5.54% | +2.8% |
| 7 | LPLA | LPL FINL HLDGS INC | 1764015 | $577.1M | 4.98% | -8.3% |
| 8 | COF | Capital One Financial | 3176143 | $569.5M | 4.92% | -1.8% |
| 9 | KKR | KKR & CO INC | 4763771 | $550.7M | 4.76% | +17.7% |
| 10 | VST | VISTRA CORP | 4604788 | $540.8M | 4.67% | -14.0% |
| 11 | FLUT | FLUTTER ENTMT PLC | 2219896 | $491.8M | 4.25% | +16.1% |
| 12 | CVNA | CARVANA CO | 2314168 | $483.8M | 4.18% | NEW |
| 13 | PM | PHILIP MORRIS INTL INC | 3008542 | $477.5M | 4.12% | -53.5% |
| 14 | CRM | SALESFORCE INC | 1731680 | $464.7M | 4.01% | +10.6% |
| 15 | LLY | ELI LILLY & CO | 551827 | $455.8M | 3.94% | -29.5% |
| 16 | APP | APPLOVIN CORP | 1593928 | $422.3M | 3.65% | +46.9% |
| 17 | TOL | TOLL BROTHERS INC | 3800580 | $401.3M | 3.47% | NEW |
| 18 | ASML | ASML HOLDING N V | 582427 | $385.9M | 3.33% | +31.8% |
| 19 | CDNS | CADENCE DESIGN SYSTEM INC | 1218389 | $309.9M | 2.68% | NEW |
| 20 | ARES-PB | ARES MANAGEMENT CORPORATION | 1604441 | $235.2M | 2.03% | -4.3% |
| 21 | TLN | TALEN ENERGY CORP | 1089380 | $217.5M | 1.88% | — |
| 22 | WING | WINGSTOP INC | 449056 | $101.3M | 0.87% | NEW |
| 23 | APP | APPLOVIN CORP | 315600 | $83.6M | 0.72% | NEW |
| 24 | CVNA | CARVANA CO | 383500 | $80.2M | 0.69% | NEW |