What Stephen Mandel Bought in Q3 2025

Lone Pine Capital · Quarterly 13F recap as filed with the SEC.

Period: 2025-09-30 · Filed · Historical

$13.74B

Total Value

25

Holdings

8

New Buys

11

Reduced

In Q3 2025, Stephen Mandel reported 25 long equity positions worth $13.74B in their Lone Pine Capital 13F filing, including 8 new positions (largest: BROADCOM INC at $511.2M) and 4 increased positions.

RankTickerCompanySharesValue% PortfolioChange
1METAMETA PLATFORMS INC1322260$971.0M7.07%-20.6%
2VSTVISTRA CORP4699241$920.7M6.70%-27.4%
3TSMTAIWAN SEMICONDUCTOR MFG LTD3052400$852.5M6.20%-11.2%
4APPAPPLOVIN CORP1109138$797.0M5.80%-12.1%
5LPLALPL FINL HLDGS INC2255714$750.5M5.46%+20.5%
6PMPHILIP MORRIS INTL INC4614443$748.5M5.45%+67.3%
7BNBROOKFIELD CORP10181348$698.2M5.08%81.1%
8CVNACARVANA CO1765291$665.9M4.85%—
9MSFTMICROSOFT CORP1208605$626.0M4.56%-34.8%
10AMZNAMAZON COM INC2811928$617.4M4.49%-44.1%
11COFCapital One Financial2569491$546.2M3.97%-16.6%
12KKRKKR & CO INC4080561$530.3M3.86%-21.9%
13AVGOBROADCOM INC1549412$511.2M3.72%NEW
14TLNTALEN ENERGY CORP1192516$507.3M3.69%+9.5%
15SBUXSTARBUCKS CORP5561954$470.5M3.42%—
16EQTEQT CORP8361889$455.1M3.31%+11.2%
17FLUTFLUTTER ENTMT PLC1733336$440.3M3.20%-6.9%
18VMCVULCAN MATLS CO1384624$425.9M3.10%NEW
19NUNU HLDGS LTD25406449$406.8M2.96%NEW
20WINGWINGSTOP INC1491245$375.3M2.73%NEW
21APHAMPHENOL CORP NEW3023231$374.1M2.72%NEW
22SESEA LTD1869501$334.1M2.43%NEW
23CIENCIENA CORP2006662$292.3M2.13%NEW
24ETSYETSY INC3880316$257.6M1.87%NEW
25BKNGBOOKING HOLDINGS INC31151$168.2M1.22%-48.1%