What Stephen Mandel Bought in Q1 2026
Lone Pine Capital · Quarterly 13F recap as filed with the SEC.
Period: 2026-03-31 · Filed · Historical
$12.54B
Total Value
36
Holdings
11
New Buys
12
Reduced
In Q1 2026, Stephen Mandel reported 36 long equity positions worth $12.54B in their Lone Pine Capital 13F filing, including 11 new positions (largest: TERADYNE INC at $555.2M) and 13 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | VST | VISTRA CORP | 6187585 | $930.2M | 7.42% | +18.7% |
| 2 | ASML | 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 | GLW | 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 |
| 26 | GOOGL | ALPHABET INC | 187561 | $53.9M | 0.43% | NEW |
| 27 | TDG | TRANSDIGM GROUP INC | 35677 | $41.3M | 0.33% | +85.5% |
| 28 | VMC | VULCAN MATLS CO | 144179 | $39.3M | 0.31% | -91.4% |
| 29 | SPOT | SPOTIFY TECHNOLOGY S A | 68844 | $33.4M | 0.27% | +287.6% |
| 30 | MA | MASTERCARD INCORPORATED | 57201 | $28.6M | 0.23% | -40.6% |
| 31 | APH | AMPHENOL CORP | 223084 | $28.2M | 0.22% | -92.1% |
| 32 | V | VISA INC | 92775 | $28.0M | 0.22% | +509.7% |
| 33 | HLT | HILTON WORLDWIDE HLDGS INC | 89249 | $27.1M | 0.22% | +54.4% |
| 34 | KKR | KKR & CO INC | 179308 | $16.6M | 0.13% | -96.4% |
| 35 | BKNG | BOOKING HOLDINGS INC | 2405 | $10.1M | 0.08% | -48.1% |
| 36 | BSX | BOSTON SCIENTIFIC CORP | 104655 | $6.6M | 0.05% | -48.1% |