What Stephen Mandel Bought in Q2 2025
Lone Pine Capital · Quarterly 13F recap as filed with the SEC.
Period: 2025-06-30 · Filed · Historical
$14.05B
Total Value
24
Holdings
5
New Buys
10
Reduced
In Q2 2025, Stephen Mandel reported 24 long equity positions worth $14.05B in their Lone Pine Capital 13F filing, including 5 new positions (largest: UNITEDHEALTH GROUP INC at $528.3M) and 6 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | VST | VISTRA CORP | 6469719 | $1.25B | 8.92% | +40.5% |
| 2 | META | META PLATFORMS INC | 1665017 | $1.23B | 8.75% | -5.3% |
| 3 | AMZN | AMAZON COM INC | 5033556 | $1.10B | 7.86% | +15.6% |
| 4 | MSFT | MICROSOFT CORP | 1854856 | $922.6M | 6.57% | -5.4% |
| 5 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | 3435920 | $778.2M | 5.54% | -11.1% |
| 6 | LPLA | LPL FINL HLDGS INC | 1872248 | $702.0M | 5.00% | +6.1% |
| 7 | KKR | KKR & CO INC | 5221769 | $694.7M | 4.94% | +9.6% |
| 8 | COF | Capital One Financial | 3080633 | $655.4M | 4.66% | -3.0% |
| 9 | INTU | INTUIT | 771666 | $607.8M | 4.33% | +-45.0% |
| 10 | CVNA | CARVANA CO | 1765291 | $594.8M | 4.23% | -23.7% |
| 11 | FLUT | FLUTTER ENTMT PLC | 1862764 | $532.3M | 3.79% | -16.1% |
| 12 | UNH | UNITEDHEALTH GROUP INC | 1693347 | $528.3M | 3.76% | NEW |
| 13 | SBUX | STARBUCKS CORP | 5561954 | $509.6M | 3.63% | -15.8% |
| 14 | CRM | SALESFORCE INC | 1863179 | $508.1M | 3.62% | +7.6% |
| 15 | PM | PHILIP MORRIS INTL INC | 2757694 | $502.3M | 3.57% | -8.3% |
| 16 | ASML | ASML HOLDING N V | 566862 | $454.3M | 3.23% | -2.7% |
| 17 | APP | APPLOVIN CORP | 1261334 | $441.6M | 3.14% | -20.9% |
| 18 | EQT | EQT CORP | 7518227 | $438.5M | 3.12% | NEW |
| 19 | BN | BROOKFIELD CORP | 5621385 | $347.7M | 2.47% | NEW |
| 20 | BKNG | BOOKING HOLDINGS INC | 59972 | $347.2M | 2.47% | NEW |
| 21 | WIX | WIX COM LTD | 2161331 | $342.5M | 2.44% | NEW |
| 22 | TLN | TALEN ENERGY CORP | 1089380 | $316.8M | 2.25% | — |
| 23 | CVNA | CARVANA CO | 383500 | $129.2M | 0.92% | — |
| 24 | APP | APPLOVIN CORP | 315600 | $110.5M | 0.79% | — |