Stephen Mandel - Lone Pine Capital
As of Q2 2026, Stephen Mandel reported 34 long-equity positions worth $16.36B in aggregate.
Copy-investor backtest
- Latest quarter
- +5.33%
- 1-year
- +0.67%
- 3-year
- +86.37%
- 5-year
- +38.17%
- 3-year vs S&P 500
- +13.12%
- 5-year vs S&P 500
- -50.29%
- 5-year top 5
- +42.20%
Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.
Get email alerts when Stephen Mandel files a new 13F — sign in or create a free account.
Updated 2026-09-19 from SEC 13F data.
Live quotes available for 34 of 74 rows. Rows without a quote are marked unavailable.
| 1 | PCLN | PRICELINE COM INC | 7.16% | Reduce -2.9% | 1,718,406 | $1.42B | No quote | No quote |
| 2 | CTSH | COGNIZANT TECHNOLOGY SOLUTIO | 4.18% | Add +52.8% | 13,238,915 | $829.29M | $62.64 | No quote |
| 3 | GOOGL | GOOGLE INC | 4.18% | Reduce -32.7% | 941,709 | $829.05M | $880.37 | No quote |
| 4 | EBAY | EBAY INC | 4.05% | Add +59.3% | 15,515,623 | $802.47M | $51.72 | No quote |
| 5 | GPS | GAP INC DEL | 4.03% | Reduce -5.0% | 19,156,482 | $799.4M | No quote | No quote |
| 6 | VRX | VALEANT PHARMACEUTICALS INTL | 3.48% | Add +63.1% | 8,012,507 | $689.72M | No quote | No quote |
| 7 | DG | DOLLAR GEN CORP NEW | 3.47% | Reduce -4.1% | 13,655,169 | $688.63M | $50.43 | No quote |
| 8 | MON | MONSANTO CO NEW | 3.09% | Reduce -6.8% | 6,207,263 | $613.28M | No quote | No quote |
| 9 | ISRG | INTUITIVE SURGICAL INC | 2.96% | Add +30.6% | 1,161,068 | $587.65M | $506.13 | No quote |
| 10 | MJN | MEAD JOHNSON NUTRITION CO | 2.96% | Add +5.4% | 7,407,735 | $586.92M | No quote | No quote |
| 11 | QCOM | QUALCOMM INC | 2.87% | Add +5.0% | 9,316,298 | $569.13M | $61.09 | No quote |
| 12 | KORS | MICHAEL KORS HLDGS LTD | 2.79% | Add +10.5% | 8,925,275 | $553.55M | No quote | No quote |
| 13 | ULTA | ULTA SALON COSMETCS & FRAG I | 2.58% | Reduce -14.8% | 5,119,504 | $512.57M | $100.12 | No quote |
| 14 | KMI | KINDER MORGAN INC DEL | 2.37% | Reduce -11.0% | 12,292,738 | $468.97M | $38.15 | No quote |
| 15 | RL | RALPH LAUREN CORP | 2.30% | Reduce -16.7% | 2,630,438 | $457.01M | No quote | No quote |
| 16 | CHTR | CHARTER COMMUNICATIONS INC D | 2.30% | Reduce -19.7% | 3,674,874 | $455.13M | $123.85 | No quote |
| 17 | NWSA | NEWS CORP | 2.26% | Reduce -37.7% | 13,757,775 | $448.23M | $32.58 | No quote |
| 18 | FLT | FLEETCOR TECHNOLOGIES INC | 2.19% | New | 5,350,347 | $434.98M | No quote | No quote |
| 19 | HTZ | HERTZ GLOBAL HOLDINGS INC | 2.17% | New | 17,332,422 | $429.84M | $24.80 | No quote |
| 20 | DLTR | DOLLAR TREE INC | 2.06% | Reduce -32.9% | 8,053,196 | $409.42M | $50.84 | No quote |
| 21 | TDG | TRANSDIGM GROUP INC | 2.02% | - | 2,556,210 | $400.74M | $156.77 | No quote |
| 22 | EQIX | EQUINIX INC | 1.94% | Reduce -9.0% | 2,087,116 | $385.53M | $184.72 | No quote |
| 23 | HOUS | REALOGY HLDGS CORP | 1.91% | Add +225.3% | 7,900,805 | $379.56M | No quote | No quote |
| 24 | CCI | CROWN CASTLE INTL CORP | 1.84% | New | 5,052,143 | $365.73M | $72.39 | No quote |
| 25 | KMIWS | KINDER MORGAN INC DEL | 1.69% | Add +5.6% | 65,457,804 | $335.14M | No quote | No quote |
| 26 | VRSN | VERISIGN INC | 1.69% | Reduce -37.0% | 7,498,853 | $334.9M | $44.66 | No quote |
| 27 | COH | COACH INC | 1.69% | New | 5,858,347 | $334.45M | No quote | No quote |
| 28 | CME | CME GROUP INC | 1.49% | Reduce -29.6% | 3,899,076 | $296.14M | $75.95 | No quote |
| 29 | AXP | AMERICAN EXPRESS CO | 1.40% | New | 3,719,848 | $278.1M | $74.76 | No quote |
| 30 | BEAV | B/E AEROSPACE INC | 1.37% | Reduce -9.4% | 4,311,013 | $271.94M | No quote | No quote |
| 31 | WYN | WYNDHAM WORLDWIDE CORP | 1.37% | Reduce -14.4% | 4,746,067 | $271.62M | No quote | No quote |
| 32 | OII | OCEANEERING INTL INC | 1.26% | Reduce -4.4% | 3,467,861 | $250.38M | No quote | No quote |
| 33 | META | FACEBOOK INC | 1.24% | New | 9,864,619 | $245.43M | $24.88 | No quote |
| 34 | V | VISA INC | 1.22% | Reduce -32.6% | 1,320,105 | $241.25M | $182.75 | No quote |
| 35 | GRA | GRACE W R & CO DEL NEW | 1.22% | Add +92.0% | 2,868,750 | $241.09M | No quote | No quote |
| 36 | LMCAD | LIBERTY MEDIA CORP DELAWARE | 1.19% | Reduce -2.9% | 1,862,924 | $236.14M | No quote | No quote |
| 37 | TMO | THERMO FISHER SCIENTIFIC INC | 1.18% | Reduce -2.8% | 2,766,476 | $234.13M | $84.63 | No quote |
| 38 | SBH | SALLY BEAUTY HLDGS INC | 1.18% | Add +21.4% | 7,496,661 | $233.15M | No quote | No quote |
| 39 | WDAY | WORKDAY INC | 1.14% | Add +259.2% | 3,522,285 | $225.74M | $64.09 | No quote |
| 40 | OCN | OCWEN FINL CORP | 1.13% | New | 5,448,250 | $224.58M | No quote | No quote |
| 41 | HRB | BLOCK H & R INC | 1.07% | Add +10.6% | 7,636,044 | $211.9M | $27.75 | No quote |
| 42 | SEMG | SEMGROUP CORP | 1.06% | - | 3,906,318 | $210.39M | No quote | No quote |
| 43 | JBHT | HUNT J B TRANS SVCS INC | 1.03% | Reduce -9.4% | 2,831,614 | $204.56M | $72.24 | No quote |
| 44 | LBTYA | LIBERTY GLOBAL PLC | 0.74% | New | 2,009,726 | $147.7M | $73.49 | No quote |
| 45 | GRFS | GRIFOLS S A | 0.63% | Add +0.1% | 4,439,693 | $124.88M | $28.13 | No quote |
| 46 | TRIP | TRIPADVISOR INC | 0.61% | Reduce -69.4% | 1,991,854 | $121.24M | $60.87 | No quote |
| 47 | LBTYK | LIBERTY GLOBAL PLC | 0.51% | New | 1,500,678 | $101.88M | $67.89 | No quote |
| 48 | ARG | AIRGAS INC | 0.43% | New | 902,488 | $86.15M | No quote | No quote |
| 49 | ASML | ASML HOLDING N V | 0.41% | New | 1,032,466 | $81.68M | $79.11 | No quote |
| 50 | WBC | WABCO HLDGS INC | 0.39% | Reduce -69.6% | 1,046,166 | $78.14M | No quote | No quote |
| 51 | DSW | DSW INC | 0.33% | New | 882,710 | $64.85M | No quote | No quote |
| 52 | CP | CANADIAN PAC RY LTD | 0.10% | Reduce -54.8% | 161,132 | $19.56M | $121.38 | No quote |
| 53 | ISS | ISOFTSTONE HLDGS LTD | 0.02% | Reduce -83.4% | 870,916 | $4.49M | No quote | No quote |
| 68 | YNDX | YANDEX N V SHS CLASS A | - | Sold | 0 | $0 | No quote | No quote |
| 67 | VMED | VIRGIN MEDIA INC COM | - | Sold | 0 | $0 | No quote | No quote |
| 66 | TSLA | TESLA MTRS INC COM | - | Sold | 0 | $0 | No quote | No quote |
| 65 | SHLD | SEARS HLDGS CORP COM | - | Sold | 0 | $0 | No quote | No quote |
| 64 | RAX | RACKSPACE HOSTING INC COM | - | Sold | 0 | $0 | No quote | No quote |
| 63 | QUAD | QUAD / GRAPHICS INC COM CL A | - | Sold | 0 | $0 | No quote | No quote |
| 62 | 5109REG | PACTERA TECHNOLOGY INTL SPONSORED ADR | - | Sold | 0 | $0 | No quote | No quote |
| 61 | ORLY | O REILLY AUTOMOTIVE INC COM | - | Sold | 0 | $0 | No quote | No quote |
| 60 | LULU | LULULEMON ATHLETICA INC COM | - | Sold | 0 | $0 | No quote | No quote |
| 59 | DIS | DISNEY WALT CO COM DISNEY | - | Sold | 0 | $0 | No quote | No quote |
| 58 | DVA | DAVITA HEALTHCARE COM | - | Sold | 0 | $0 | No quote | No quote |
| 57 | CFX | COLFAX CORP COM | - | Sold | 0 | $0 | No quote | No quote |
| 56 | HTHT | CHINA LODGING GROUP LTD SPONSORED ADR | - | Sold | 0 | $0 | No quote | No quote |
| 55 | COF | CAPITAL ONE FINL CORP COM | - | Sold | 0 | $0 | No quote | No quote |
| 54 | AIG | AMERICAN INTL GROUP INC COM NEW | - | Sold | 0 | $0 | No quote | No quote |
Options positions
Put = right to sell at strike (a bearish bet). Call = right to buy at strike (bullish via leverage). The notional column shows the underlying market value reported to the SEC, not the option premium paid - these don't add to the long-equity % portfolio above.