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.
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Live quotes available for 30 of 51 rows. Rows without a quote are marked unavailable.
| 1 | CHTR | CHARTER COMMUNICATIONS INC N | 6.34% | Add +9.6% | 5,250,106 | $1.42B | $269.97 | No quote |
| 2 | DLTR | DOLLAR TREE INC | 5.44% | Add +15.2% | 15,392,747 | $1.21B | $78.93 | No quote |
| 3 | EBAY | EBAY INC | 4.88% | New | 33,164,569 | $1.09B | $32.90 | No quote |
| 4 | AMZN | AMAZON COM INC | 4.84% | Reduce -21.4% | 1,292,728 | $1.08B | $837.31 | No quote |
| 5 | STZ | CONSTELLATION BRANDS INC | 4.15% | Reduce -16.5% | 5,566,692 | $926.8M | $166.49 | No quote |
| 6 | NKE | NIKE INC | 4.11% | Reduce -4.7% | 17,452,774 | $918.89M | $52.65 | No quote |
| 7 | FLT | FLEETCOR TECHNOLOGIES INC | 3.79% | Reduce -15.2% | 4,877,583 | $847.38M | No quote | No quote |
| 8 | PCLN | PRICELINE GRP INC | 3.78% | Reduce -48.7% | 574,683 | $845.64M | No quote | No quote |
| 9 | MSFT | MICROSOFT CORP | 3.74% | Reduce -16.1% | 14,513,996 | $836.01M | $57.60 | No quote |
| 10 | EXPE | EXPEDIA INC DEL | 3.73% | New | 7,143,331 | $833.77M | $116.72 | No quote |
| 11 | META | FACEBOOK INC | 3.58% | Reduce -42.9% | 6,246,441 | $801.23M | $128.27 | No quote |
| 12 | ATVI | ACTIVISION BLIZZARD INC | 3.43% | Add +68.0% | 17,289,564 | $765.93M | No quote | No quote |
| 13 | EA | ELECTRONIC ARTS INC | 3.29% | Add +142.4% | 8,619,020 | $736.06M | $85.40 | No quote |
| 14 | ULTA | ULTA SALON COSMETCS & FRAG I | 3.14% | Reduce -11.5% | 2,950,670 | $702.2M | $237.98 | No quote |
| 15 | GOOG | ALPHABET INC | 2.93% | Reduce -4.6% | 843,449 | $655.6M | $777.29 | No quote |
| 16 | TDG | TRANSDIGM GROUP INC | 2.91% | Reduce -5.5% | 2,250,775 | $650.74M | $289.12 | No quote |
| 17 | EQIX | EQUINIX INC | 2.90% | Reduce -15.9% | 1,799,578 | $648.3M | $360.25 | No quote |
| 18 | MNST | MONSTER BEVERAGE CORP NEW | 2.73% | Add +0.2% | 4,149,493 | $609.19M | $146.81 | No quote |
| 19 | YUM | YUM BRANDS INC | 2.55% | Reduce -37.2% | 6,265,804 | $569M | $90.81 | No quote |
| 20 | VMC | VULCAN MATLS CO | 2.54% | Add +32.5% | 5,000,113 | $568.66M | $113.73 | No quote |
| 21 | BABA | ALIBABA GROUP HLDG LTD | 2.44% | New | 5,151,461 | $544.97M | $105.79 | No quote |
| 22 | ADBE | ADOBE SYS INC | 2.24% | Reduce -7.6% | 4,617,977 | $501.24M | $108.54 | No quote |
| 23 | LNG | CHENIERE ENERGY INC | 2.10% | Reduce -16.6% | 10,741,417 | $468.33M | No quote | No quote |
| 24 | TV | GRUPO TELEVISA SA | 2.08% | New | 18,077,811 | $464.42M | No quote | No quote |
| 25 | AVGO | BROADCOM LTD | 2.01% | New | 2,606,593 | $449.69M | $172.52 | No quote |
| 26 | HLT | HILTON WORLDWIDE HLDGS INC | 2.01% | New | 19,597,829 | $449.38M | $22.93 | No quote |
| 27 | LULU | LULULEMON ATHLETICA INC | 1.52% | Reduce -24.6% | 5,586,042 | $340.64M | $60.98 | No quote |
| 28 | SHPG | SHIRE PLC | 1.47% | Reduce -33.0% | 1,694,675 | $328.53M | No quote | No quote |
| 29 | ICE | INTERCONTINENTAL EXCHANGE IN | 1.45% | New | 1,207,229 | $325.18M | $269.36 | No quote |
| 30 | HDB | HDFC BANK LTD | 1.30% | Reduce -31.4% | 4,034,823 | $290.06M | $71.89 | No quote |
| 31 | KMI | KINDER MORGAN INC DEL | 1.28% | New | 12,334,772 | $285.3M | $23.13 | No quote |
| 32 | WMB | WILLIAMS COS INC DEL | 1.27% | New | 9,247,247 | $284.17M | $30.73 | No quote |
| 33 | MHK | MOHAWK INDS INC | 1.05% | Reduce -35.3% | 1,176,827 | $235.77M | $200.34 | No quote |
| 34 | ALGN | ALIGN TECHNOLOGY INC | 1.02% | New | 2,436,920 | $228.46M | $93.75 | No quote |
| 35 | V | VISA INC | 0.86% | Reduce -67.6% | 2,337,675 | $193.33M | $82.70 | No quote |
| 36 | HCA | HCA HOLDINGS INC | 0.56% | New | 1,669,543 | $126.27M | $75.63 | No quote |
| 37 | COMM | COMMSCOPE HLDG CO INC | 0.51% | Add +8.6% | 3,792,871 | $114.2M | No quote | No quote |
| 46 | SHW | SHERWIN WILLIAMS CO | - | Sold | 0 | $0 | No quote | No quote |
| 45 | PXD | PIONEER NAT RES CO | - | Sold | 0 | $0 | No quote | No quote |
| 44 | PYPL | PAYPAL HLDGS INC | - | Sold | 0 | $0 | No quote | No quote |
| 43 | NOC | NORTHROP GRUMMAN CORP | - | Sold | 0 | $0 | No quote | No quote |
| 42 | MA | MASTERCARD INC | - | Sold | 0 | $0 | No quote | No quote |
| 41 | ANET | ARISTA NETWORKS INC | - | Sold | 0 | $0 | No quote | No quote |
| 40 | BUD | ANHEUSER BUSCH INBEV SA/NV | - | Sold | 0 | $0 | No quote | No quote |
| 39 | AXP | AMERICAN EXPRESS CO | - | Sold | 0 | $0 | No quote | No quote |
| 38 | GOOGL | ALPHABET INC | - | 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.