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
- +36.67%
- 3-year vs S&P 500
- +13.12%
- 5-year vs S&P 500
- -51.79%
- 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 27 of 47 rows. Rows without a quote are marked unavailable.
| 1 | CHTR | CHARTER COMMUNICATIONS INC N | 7.10% | Reduce -10.2% | 4,715,772 | $1.36B | $287.92 | No quote |
| 2 | STZ | CONSTELLATION BRANDS INC | 5.12% | Add +14.6% | 6,380,317 | $978.17M | $153.31 | No quote |
| 3 | AMZN | AMAZON COM INC | 5.07% | - | 1,292,728 | $969.38M | $749.87 | No quote |
| 4 | MSFT | MICROSOFT CORP | 4.94% | Add +4.8% | 15,213,996 | $945.4M | $62.14 | No quote |
| 5 | ATVI | ACTIVISION BLIZZARD INC | 3.90% | Add +19.4% | 20,648,534 | $745.62M | No quote | No quote |
| 6 | EA | ELECTRONIC ARTS INC | 3.88% | Add +9.3% | 9,422,175 | $742.09M | $78.76 | No quote |
| 7 | NKE | NIKE INC | 3.83% | Reduce -17.5% | 14,396,950 | $731.8M | $50.83 | No quote |
| 8 | DLTR | DOLLAR TREE INC | 3.76% | Reduce -39.5% | 9,316,134 | $719.02M | $77.18 | No quote |
| 9 | EQIX | EQUINIX INC | 3.58% | Add +6.3% | 1,912,684 | $683.61M | $357.41 | No quote |
| 10 | META | FACEBOOK INC | 3.57% | Reduce -5.1% | 5,927,908 | $682.01M | $115.05 | No quote |
| 11 | BABA | ALIBABA GROUP HLDG LTD | 3.50% | Add +47.9% | 7,619,109 | $669.03M | $87.81 | No quote |
| 12 | FLT | FLEETCOR TECHNOLOGIES INC | 3.47% | Reduce -3.9% | 4,688,835 | $663.56M | No quote | No quote |
| 13 | AVGO | BROADCOM LTD | 3.29% | Add +36.7% | 3,563,465 | $629.91M | $176.77 | No quote |
| 14 | ADBE | ADOBE SYS INC | 2.71% | Add +8.9% | 5,027,599 | $517.59M | $102.95 | No quote |
| 15 | V | VISA INC | 2.67% | Add +180.3% | 6,551,477 | $511.15M | $78.02 | No quote |
| 16 | WMB | WILLIAMS COS INC DEL | 2.66% | Add +76.6% | 16,327,936 | $508.45M | $31.14 | No quote |
| 17 | TDG | TRANSDIGM GROUP INC | 2.64% | Reduce -9.9% | 2,028,392 | $504.99M | $248.96 | No quote |
| 18 | PYPL | PAYPAL HLDGS INC | 2.58% | New | 12,499,315 | $493.35M | $39.47 | No quote |
| 19 | PNC | PNC FINL SVCS GROUP INC | 2.57% | New | 4,196,144 | $490.78M | $116.96 | No quote |
| 20 | EXPE | EXPEDIA INC DEL | 2.56% | Reduce -39.6% | 4,317,532 | $489.09M | $113.28 | No quote |
| 21 | GOOG | ALPHABET INC | 2.53% | Reduce -25.6% | 627,903 | $484.63M | $771.82 | No quote |
| 22 | BAC | BANK AMER CORP | 2.50% | New | 21,671,362 | $478.94M | $22.10 | No quote |
| 23 | VMC | VULCAN MATLS CO | 2.45% | Reduce -25.2% | 3,738,010 | $467.81M | $125.15 | No quote |
| 24 | ULTA | ULTA SALON COSMETCS & FRAG I | 2.40% | Reduce -39.1% | 1,797,638 | $458.29M | $254.94 | No quote |
| 25 | PCLN | PRICELINE GRP INC | 2.33% | Reduce -47.0% | 304,471 | $446.37M | No quote | No quote |
| 26 | SHPG | SHIRE PLC | 1.70% | Add +12.4% | 1,904,306 | $324.46M | No quote | No quote |
| 27 | SYMC | SYMANTEC CORP | 1.66% | New | 13,271,908 | $317.07M | No quote | No quote |
| 28 | LULU | LULULEMON ATHLETICA INC | 1.53% | Reduce -19.4% | 4,504,208 | $292.73M | $64.99 | No quote |
| 29 | EBAY | EBAY INC | 1.49% | Reduce -71.0% | 9,605,806 | $285.2M | $29.69 | No quote |
| 30 | TV | GRUPO TELEVISA SA | 1.48% | Reduce -25.1% | 13,533,097 | $282.71M | No quote | No quote |
| 31 | ECA | ENCANA CORP | 1.28% | New | 20,888,437 | $245.23M | No quote | No quote |
| 32 | ICE | INTERCONTINENTAL EXCHANGE IN | 1.25% | Add +250.0% | 4,225,637 | $238.41M | $56.42 | No quote |
| 33 | ALGN | ALIGN TECHNOLOGY INC | 1.25% | Add +1.6% | 2,476,534 | $238.07M | $96.13 | No quote |
| 34 | LNG | CHENIERE ENERGY INC | 1.12% | Reduce -51.7% | 5,186,332 | $214.87M | No quote | No quote |
| 35 | COMM | COMMSCOPE HLDG CO INC | 0.74% | - | 3,792,871 | $141.1M | No quote | No quote |
| 36 | RICE | RICE ENERGY INC | 0.42% | New | 3,735,035 | $79.74M | No quote | No quote |
| 37 | HDB | HDFC BANK LTD | 0.42% | Reduce -67.5% | 1,312,249 | $79.63M | $60.68 | No quote |
| 38 | VXX | BARCLAYS BK PLC | 0.07% | New | 500,000 | $12.76M | No quote | No quote |
| 44 | YUM | YUM BRANDS INC | - | Sold | 0 | $0 | No quote | No quote |
| 43 | MNST | MONSTER BEVERAGE CORP NEW | - | Sold | 0 | $0 | No quote | No quote |
| 42 | MHK | MOHAWK INDS INC | - | Sold | 0 | $0 | No quote | No quote |
| 41 | KMI | KINDER MORGAN INC DEL | - | Sold | 0 | $0 | No quote | No quote |
| 40 | HLT | HILTON WORLDWIDE HLDGS INC | - | Sold | 0 | $0 | No quote | No quote |
| 39 | HCA | HCA HOLDINGS 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.