All Investors
Lone Pine Capital (Mandel) 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
MSFT 4.4% AMZN 4.1% SPOT 0.1%
Recent Moves
What Lone Pine Capital opened, added to, or trimmed in their latest 13F — 31 position changes
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
#1 TAIWAN SEMICONDUCTOR MFG LTD 6.8%
TSM · Technology — Unchanged
#2 VISTRA CORP 6.2%
VST · Other ▲ Increasing +11%
#3 CARVANA CO 5.5%
CVNA · Other — Unchanged
#4 LPL FINL HLDGS INC 5.4%
Other ▼ Decreasing -8%
#5 BROOKFIELD CORP 5.4%
BN · Financials ▲ Increasing +56%
#6 ASML HOLDING N V 4.8%
ASML · Other ● New
#7 KKR & CO INC 4.7%
KKR · Other ▲ Increasing +23%
#8 BROADCOM INC 4.4%
AVGO · Technology ▲ Increasing +12%
#9 MICROSOFT CORP 4.4%
MSFT · Technology ▲ Increasing +2%
#10 DOORDASH INC 4.2%
DASH · Other ● New
#11 AMAZON COM INC 4.1%
AMZN · Technology ▼ Decreasing -14%
#12 CAPITAL ONE FINL CORP 4.1%
COF · Financials ▼ Decreasing -11%
#13 APPLOVIN CORP 3.9%
APP · Technology ▼ Decreasing -30%
#14 NU HLDGS LTD 3.6%
NU · Other ▲ Increasing +17%
#15 MEDLINE INC 3.6%
Other ● New
#16 TALEN ENERGY CORP 3.6%
Other ▲ Increasing +8%
#17 VULCAN MATLS CO 3.5%
Other ▲ Increasing +22%
#18 PHILIP MORRIS INTL INC 3.1%
PM · Other ▼ Decreasing -43%
#19 CARPENTER TECHNOLOGY CORP 3.0%
CRS · Other ● New
#20 WINGSTOP INC 2.8%
Other ▲ Increasing +7%
#21 AMPHENOL CORP NEW 2.8%
APH · Other ▼ Decreasing -7%
#22 TENET HEALTHCARE CORP 2.6%
THC · Other ● New
#23 CLEAN HARBORS INC 2.4%
Other ● New
#24 AFFIRM HLDGS INC 2.1%
Other ● New
#25 ENTEGRIS INC 1.9%
Other ● New
#26 MASTERCARD INCORPORATED 0.4%
MA · Technology ● New
#27 TRANSDIGM GROUP INC 0.2%
TDG · Other ● New
#28 BOOKING HOLDINGS INC 0.2%
BKNG · Other ▼ Decreasing -85%
#29 BOSTON SCIENTIFIC CORP 0.1%
BSX · Other ● New
#30 HILTON WORLDWIDE HLDGS INC 0.1%
HLT · Other ● New
#31 SPOTIFY TECHNOLOGY S A 0.1%
SPOT · Communications ● New
#32 VISA INC 0.0%
V · Technology ● 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.

Get the Weekly Update

Every week, we'll send you what Buffett, Dalio, Ackman and 47 other legendary investors are buying — free, straight from their SEC filings.
Free forever · No spam · Unsubscribe anytime
© 2026 Bogen Capital  ·  Not financial advice  ·  Data delayed up to 135 days Methodology  ·  Contact  ·  API