LP
Lone Pine Capital (Mandel)
CIK: 0001061165 · Filing period: 2025-12-31
Innovation Edge
Stephen Mandel's firm blends value discipline with growth investing, backing dominant companies with room to run.
A
Copyable return: +24.3%/yr vs S&P +16.9%/yr if you'd mirrored their filings (2022-03-31 → 2025-09-30) · beat the market 73% of quarters
how?
1.4×
Trust Weight
32
Positions
3
In our model
14
New
9
Increasing
7
Decreasing
2
Unchanged
In Our Model Portfolio
These holdings also appear in the Bogen Capital model
Recent Moves
What Lone Pine Capital opened, added to, or trimmed in their latest 13F — 31 position changes
VST
VISTRA CORP
▲ Added +19%
7.4% of port.
ASML
ASML HLDG NV
▲ Added +8%
6.9% of port.
CRS
CARPENTER TECHNOLOGY CORP
▲ Added +38%
5.7% of port.
APP
APPLOVIN CORP
▲ Added +88%
4.7% of port.
—
TALEN ENERGY CORP
▲ Added +41%
4.6% of port.
—
TERADYNE INC
● New
4.4% of port.
NU
NU HLDGS LTD
▲ Added +28%
4.3% of port.
GLW
CORNING INC
● New
4.0% of port.
—
CLEAN HARBORS INC
▲ Added +27%
4.0% of port.
MSTR
MASTEC INC
● New
3.9% of port.
Top 10 positions (% of portfolio)
Sector breakdown
All Holdings
32 positions, sorted by portfolio weight
← swipe to see all columns
| # | Company | Ticker | Sector | % of Portfolio | Activity | Change |
|---|---|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MFG LTD | TSM | Technology | 6.8% | — Unchanged | — |
| 2 | VISTRA CORP | VST | Other | 6.2% | ▲ Increasing | +11% |
| 3 | CARVANA CO | CVNA | Other | 5.5% | — Unchanged | +1% |
| 4 | LPL FINL HLDGS INC | — | Other | 5.4% | ▼ Decreasing | -8% |
| 5 | BROOKFIELD CORP | BN | Financials | 5.4% | ▲ Increasing | +56% |
| 6 | ASML HOLDING N V | ASML | Other | 4.8% | ● New | NEW |
| 7 | KKR & CO INC | KKR | Other | 4.7% | ▲ Increasing | +23% |
| 8 | BROADCOM INC | AVGO | Technology | 4.4% | ▲ Increasing | +12% |
| 9 | MICROSOFT CORP | MSFT | Technology | 4.4% | ▲ Increasing | +2% |
| 10 | DOORDASH INC | DASH | Other | 4.2% | ● New | NEW |
| 11 | AMAZON COM INC | AMZN | Technology | 4.1% | ▼ Decreasing | -14% |
| 12 | CAPITAL ONE FINL CORP | COF | Financials | 4.1% | ▼ Decreasing | -11% |
| 13 | APPLOVIN CORP | APP | Technology | 3.9% | ▼ Decreasing | -30% |
| 14 | NU HLDGS LTD | NU | Other | 3.6% | ▲ Increasing | +17% |
| 15 | MEDLINE INC | — | Other | 3.6% | ● New | NEW |
| 16 | TALEN ENERGY CORP | — | Other | 3.6% | ▲ Increasing | +8% |
| 17 | VULCAN MATLS CO | — | Other | 3.5% | ▲ Increasing | +22% |
| 18 | PHILIP MORRIS INTL INC | PM | Other | 3.1% | ▼ Decreasing | -43% |
| 19 | CARPENTER TECHNOLOGY CORP | CRS | Other | 3.0% | ● New | NEW |
| 20 | WINGSTOP INC | — | Other | 2.8% | ▲ Increasing | +7% |
| 21 | AMPHENOL CORP NEW | APH | Other | 2.8% | ▼ Decreasing | -7% |
| 22 | TENET HEALTHCARE CORP | THC | Other | 2.6% | ● New | NEW |
| 23 | CLEAN HARBORS INC | — | Other | 2.4% | ● New | NEW |
| 24 | AFFIRM HLDGS INC | — | Other | 2.1% | ● New | NEW |
| 25 | ENTEGRIS INC | — | Other | 1.9% | ● New | NEW |
| 26 | MASTERCARD INCORPORATED | MA | Technology | 0.4% | ● New | NEW |
| 27 | TRANSDIGM GROUP INC | TDG | Other | 0.2% | ● New | NEW |
| 28 | BOOKING HOLDINGS INC | BKNG | Other | 0.2% | ▼ Decreasing | -85% |
| 29 | BOSTON SCIENTIFIC CORP | BSX | Other | 0.1% | ● New | NEW |
| 30 | HILTON WORLDWIDE HLDGS INC | HLT | Other | 0.1% | ● New | NEW |
| 31 | SPOTIFY TECHNOLOGY S A | SPOT | Communications | 0.1% | ● New | NEW |
| 32 | VISA INC | V | Technology | 0.0% | ● New | NEW |
⚠ Disclaimer: Holdings data from SEC EDGAR 13F filings for Lone Pine Capital (Mandel), delayed up to 135 days after quarter-end. This is not investment advice. The investor may have already changed these positions.
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