All superinvestorsSM
Stephen Mandel
Lone Pine Capital·growth·Concentrated / activist
Accredited only~18% since 1997
Quarterly activity
What Stephen Mandel bought and sold each quarter.
Mar 2026vs Dec 2025
Bought (23)
$TERNew buy4.4%$GLWNew buy4%$MTZNew buy3.9%$USFDNew buy2.8%$MCKNew buy2.7%$PFGCNew buy2.7%$CIENNew buy2.5%$HUTNew buy2.3%$WULFNew buy2.3%$AGXNew buy1.7%$GOOGLNew buy0.4%$VSTAdded+18.7%$ASMLAdded+8.3%$CRSAdded+38.5%$APPAdded+87.7%$TLNAdded+40.7%$NUAdded+28.3%$CLHAdded+27.3%$THCAdded+26.4%$TDGAdded+85.5%$SPOTAdded+287.6%$HLTAdded+54.4%$VAdded+509.7%
Sold (15)
$DASHSold out$PMSold out$MSFTSold out$AVGOSold out$AMZNSold out$WINGSold out$AFRMSold out$KKRTrimmed-96.4%$APHTrimmed-92.1%$VMCTrimmed-91.4%$TSMADRTrimmed-54.5%$BSXTrimmed-48.1%$BKNGTrimmed-48.1%$MATrimmed-40.6%$BNTrimmed-29.6%
Dec 2025vs Sep 2025
Bought (22)
$ASMLNew buy4.8%$DASHNew buy4.2%$MDLNNew buy3.6%$CRSNew buy3%$THCNew buy2.6%$CLHNew buy2.4%$AFRMNew buy2.1%$ENTGNew buy1.9%$MANew buy0.4%$TDGNew buy0.2%$BSXNew buy0.1%$SPOTNew buy0.1%$HLTNew buy0.1%$VNew buy0%$VSTAdded+10.9%$BNAdded+56.4%$KKRAdded+22.6%$AVGOAdded+11.7%$TLNAdded+8.4%$NUAdded+16.6%$VMCAdded+21.6%$WINGAdded+7%
Sold (14)
$CIENSold out$SBUXSold out$EQTSold out$ETSYSold out$FLUTSold out$METASold out$SEADRSold out$BKNGTrimmed-85.1%$PMTrimmed-42.7%$APPTrimmed-29.6%$AMZNTrimmed-14.1%$COFTrimmed-10.7%$LPLATrimmed-8%$APHTrimmed-7.1%
Sep 2025vs Jun 2025
Bought (13)
$AVGONew buy3.7%$VMCNew buy3.1%$NUNew buy3%$WINGNew buy2.7%$APHNew buy2.7%$SEADRNew buy2.4%$CIENNew buy2.1%$ETSYNew buy1.9%$LPLAAdded+20.5%$PMAdded+67.3%$BNAdded+81.1%$TLNAdded+9.5%$EQTAdded+11.2%
Sold (16)
$INTUSold out$CRMSold out$ASMLSold out$UNHSold out$WIXSold out$BKNGTrimmed-48.1%$AMZNTrimmed-44.1%$MSFTTrimmed-34.8%$APPTrimmed-29.7%$VSTTrimmed-27.4%$KKRTrimmed-21.9%$METATrimmed-20.6%$CVNATrimmed-17.8%$COFTrimmed-16.6%$TSMADRTrimmed-11.2%$FLUTTrimmed-6.9%
Jun 2025vs Mar 2025
Bought (10)
$UNHNew buy3.8%$EQTNew buy3.1%$BNNew buy2.5%$BKNGNew buy2.5%$WIXNew buy2.4%$VSTAdded+40.5%$AMZNAdded+15.6%$LPLAAdded+6.1%$KKRAdded+9.6%$CRMAdded+7.6%
Sold (14)
$LLYSold out$WINGSold out$CDNSSold out$TOLSold out$ARESSold out$INTUTrimmed-45%$CVNATrimmed-20.3%$APPTrimmed-17.4%$FLUTTrimmed-16.1%$SBUXTrimmed-15.8%$TSMADRTrimmed-11.1%$PMTrimmed-8.3%$MSFTTrimmed-5.4%$METATrimmed-5.3%
Mar 2025vs Dec 2024
Bought (12)
$CVNANew buy4.9%$TOLNew buy3.5%$CDNSNew buy2.7%$WINGNew buy0.9%$INTUAdded+21.4%$AMZNAdded+14.9%$MSFTAdded+19.6%$KKRAdded+17.7%$APPAdded+76%$FLUTAdded+16.1%$CRMAdded+10.6%$ASMLAdded+31.8%
Sold (17)
$SQSold out$HWMSold out$LENSold out$BTDRSold out$CIFRSold out$CEGSold out$IRENSold out$HUTSold out$PTCSold out$SPOTSold out$WULFSold out$WDAYSold out$PMTrimmed-53.5%$LLYTrimmed-29.5%$VSTTrimmed-14%$METATrimmed-13.7%$LPLATrimmed-8.3%
Dec 2024vs Sep 2024
Bought (9)
$LLYNew buy4.5%$COFNew buy4.3%$FLUTNew buy3.7%$CIFRNew buy0.1%$METAAdded+7.7%$PMAdded+44.4%$INTUAdded+25.5%$SBUXAdded+59.8%$TLNAdded+27.2%
Sold (20)
$BKNGSold out$GEVSold out$UNHSold out$APPTrimmed-54.2%$WULFTrimmed-51.7%$SQTrimmed-50.9%$HUTTrimmed-43.8%$LENTrimmed-41.3%$SPOTTrimmed-41.2%$CRMTrimmed-33%$AMZNTrimmed-30.9%$CEGTrimmed-27.4%$BTDRTrimmed-24%$VSTTrimmed-21.4%$ASMLTrimmed-19.9%$ARESTrimmed-18.3%$LPLATrimmed-11.8%$TSMADRTrimmed-10.7%$KKRTrimmed-10.5%$PTCTrimmed-8.7%
Sep 2024vs Jun 2024
Bought (14)
$CRMNew buy4.8%$LENNew buy4.1%$SBUXNew buy2.9%$WDAYNew buy2.9%$TLNNew buy1.1%$BTDRNew buy0.1%$WULFNew buy0.1%$HUTNew buy0.1%$IRENNew buy0%$METAAdded+35.6%$AMZNAdded+23.2%$CEGAdded+49.2%$LPLAAdded+29.4%$ARESAdded+30.3%
Sold (15)
$AVDXSold out$BBWISold out$MASold out$MCKSold out$APPTrimmed-58.4%$PMTrimmed-32.8%$TSMADRTrimmed-29.8%$KKRTrimmed-29.2%$BKNGTrimmed-27.3%$GEVTrimmed-21.7%$MSFTTrimmed-18%$HWMTrimmed-16.5%$UNHTrimmed-13%$SPOTTrimmed-8%$ASMLTrimmed-6.2%
Jun 2024vs Mar 2024
Bought (11)
$UNHNew buy3.9%$HWMNew buy2.3%$GEVNew buy2.1%$ARESNew buy1.7%$ASMLAdded+19%$VSTAdded+6.6%$SQAdded+13.9%$APPAdded+7.2%$MAAdded+53.4%$BBWIAdded+15.8%$CEGAdded+83.2%
Sold (9)
$DKSSold out$LYVSold out$EPAMSold out$IBNADRSold out$CRMSold out$WDAYSold out$METATrimmed-34.8%$PTCTrimmed-14.1%$KKRTrimmed-8.7%
Quarter-over-quarter change in disclosed positions.
Holdings
| Stock | Move | % of portfolio | Reported px | Now | Since report |
|---|
VISTRA CORP | Added | | $150.33 | $157.98 | +5.1% |
ASML HLDG NV | Added | | $1320.83 | $1804.25 | +36.6% |
CARPENTER TECHNOLOGY CORP | Added | | $394.15 | $590.94 | +49.9% |
LPL FINL HLDGS INC | Held | | $300.83 | $311.47 | +3.5% |
APPLOVIN CORP | Added | | $398.00 | $520.43 | +30.8% |
TALEN ENERGY CORP | Added | | $319.23 | $384.44 | +20.4% |
TERADYNE INC | New buy | | $296.46 | $362.75 | +22.4% |
CARVANA CO | Held | | $314.38 | $67.12 | -78.7% |
NU HLDGS LTD | Added | | $14.37 | $13.67 | -4.9% |
MEDLINE INC | Held | | $44.50 | $40.85 | -8.2% |
CORNING INC | New buy | | $135.97 | $192.53 | +41.6% |
CLEAN HARBORS INC | Added | | $286.73 | $301.91 | +5.3% |
MASTEC INC | New buy | | $321.74 | $384.72 | +19.6% |
TAIWAN SEMICONDUCTOR MANUFAC | Trimmed | | $337.95 | $436.96 | +29.3% |
BROOKFIELD CORP | Trimmed | | $40.47 | $43.09 | +6.5% |
TENET HEALTHCARE CORP | Added | | $188.71 | $206.77 | +9.6% |
CAPITAL ONE FINL CORP | Held | | $182.43 | $200.10 | +9.7% |
ENTEGRIS INC | Held | | $117.24 | $146.10 | +24.6% |
US FOODS HLDG CORP | New buy | | $92.21 | $99.48 | +7.9% |
PERFORMANCE FOOD GROUP CO | New buy | | $85.66 | $112.04 | +30.8% |
MCKESSON CORP | New buy | | $865.36 | $792.81 | -8.4% |
CIENA CORP | New buy | | $388.23 | $462.34 | +19.1% |
TERAWULF INC | New buy | | $14.43 | $23.20 | +60.8% |
HUT 8 CORP | New buy | | $46.91 | $106.22 | +126.4% |
ARGAN INC | New buy | | $544.65 | $687.49 | +26.2% |
ALPHABET INC | New buy | | $287.56 | $358.89 | +24.8% |
TRANSDIGM GROUP INC | Added | | $1158.96 | $1295.71 | +11.8% |
VULCAN MATLS CO | Trimmed | | $272.30 | $288.73 | +6% |
SPOTIFY TECHNOLOGY S A | Added | | $484.91 | $485.88 | +0.2% |
MASTERCARD INCORPORATED | Trimmed | | $499.66 | $523.20 | +4.7% |
AMPHENOL CORP | Trimmed | | $126.35 | $162.24 | +28.4% |
VISA INC | Added | | $302.24 | $348.20 | +15.2% |
HILTON WORLDWIDE HLDGS INC | Added | | $304.08 | $337.65 | +11% |
KKR & CO INC | Trimmed | | $92.50 | $96.27 | +4.1% |
BOOKING HOLDINGS INC | Trimmed | | $4210.32 | $175.52 | -95.8% |
BOSTON SCIENTIFIC CORP | Trimmed | | $62.75 | $44.99 | -28.3% |
Notable sell-outs this quarter: $DASH, $PM, $MSFT, $AVGO, $AMZN, $WING, $AFRM
Source: SEC 13F via FMP · Mar 2026 report · 45-day filing delay. Long equity positions only. Not financial advice.