Stephen Mandel — Recent Sells
Lone Pine Capital · Sold and reduced positions in the Q2 '26 13F filing.
Filed August 14, 2026 · Last updated
Stephen Mandel fully exited 15 positions and reduced 12 existing holdings in the Q2 '26 filing — a combined sell footprint of approximately $4.47B. Largest exit: VISTRA CORP (was $930.2M).
Fully exited (15)
| Ticker | Company | Prev Shares | Prev Value | Prev % Portfolio |
|---|---|---|---|---|
| VST | VISTRA CORP | 6187585 | $930.2M | 7.42% |
| TLN | TALEN ENERGY CORP | 1817947 | $580.3M | 4.63% |
| CLH | CLEAN HARBORS INC | 1754950 | $503.2M | 4.01% |
| THC | TENET HEALTHCARE CORP | 2258717 | $426.2M | 3.40% |
| COF | Capital One Financial | 2267056 | $413.6M | 3.30% |
| ENTG | ENTEGRIS INC | 3115054 | $365.2M | 2.91% |
| CIEN | CIENA CORP | 809522 | $314.3M | 2.51% |
| VMC | VULCAN MATLS CO | 144179 | $39.3M | 0.31% |
| SPOT | SPOTIFY TECHNOLOGY S A | 68844 | $33.4M | 0.27% |
| MA | MASTERCARD INCORPORATED | 57201 | $28.6M | 0.23% |
| APH | AMPHENOL CORP | 223084 | $28.2M | 0.22% |
| HLT | HILTON WORLDWIDE HLDGS INC | 89249 | $27.1M | 0.22% |
| KKR | KKR & CO INC | 179308 | $16.6M | 0.13% |
| BKNG | BOOKING HOLDINGS INC | 2405 | $10.1M | 0.08% |
| BSX | BOSTON SCIENTIFIC CORP | 104655 | $6.6M | 0.05% |
Reduced positions (12)
| Ticker | Company | Shares Now | Value Now | % Portfolio | Change |
|---|---|---|---|---|---|
| ASML | ASML HLDG NV | 569174 | $1.13B | 6.92% | -13.1% |
| TER | TERADYNE INC | 1493080 | $722.4M | 4.42% | -20.3% |
| GLW | CORNING INC | 2728058 | $696.8M | 4.26% | -26.6% |
| CVNA | CARVANA CO | 10520666 | $692.5M | 4.23% | 499.6% |
| HUT | HUT 8 CORP | 5773045 | $666.5M | 4.07% | -5.0% |
| MTZ | MASTEC INC | 1345157 | $559.7M | 3.42% | -12.1% |
| APP | APPLOVIN CORP | 1042268 | $537.0M | 3.28% | -28.9% |
| LPLA | LPL FINL HLDGS INC | 1219099 | $343.4M | 2.10% | -40.5% |
| AGX | ARGAN INC | 368673 | $294.4M | 1.80% | -6.2% |
| V | VISA INC | 165960 | $56.9M | 0.35% | 78.9% |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | 101242 | $48.4M | 0.30% | -92.7% |
| TDG | TRANSDIGM GROUP INC | 28532 | $38.0M | 0.23% | -20.0% |