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 25 of 41 rows. Rows without a quote are marked unavailable.
| 1 | BABA | ALIBABA GROUP HLDG LTD | 7.50% | Reduce -24.4% | 8,815,009 | $1.52B | $172.71 | No quote |
| 2 | STZ | CONSTELLATION BRANDS INC | 6.95% | Add +7.6% | 7,076,082 | $1.41B | $199.45 | No quote |
| 3 | CHTR | CHARTER COMMUNICATIONS INC N | 6.55% | Reduce -15.9% | 3,660,652 | $1.33B | $363.42 | No quote |
| 4 | ATVI | ACTIVISION BLIZZARD INC | 6.30% | Reduce -7.9% | 19,839,465 | $1.28B | No quote | No quote |
| 5 | CMCSA | COMCAST CORP NEW | 6.18% | Add +59.5% | 32,595,590 | $1.25B | $38.48 | No quote |
| 6 | AVGO | BROADCOM LTD | 6.08% | Reduce -4.3% | 5,090,360 | $1.23B | $242.54 | No quote |
| 7 | Q | QUINTILES IMS HOLDINGS INC | 4.71% | - | 10,055,780 | $956M | $95.07 | No quote |
| 8 | UNH | UNITEDHEALTH GROUP INC | 4.25% | Add +158.2% | 4,402,726 | $862.27M | $195.85 | No quote |
| 9 | META | FACEBOOK INC | 4.23% | Reduce -18.4% | 5,032,256 | $859.86M | $170.87 | No quote |
| 10 | MSFT | MICROSOFT CORP | 4.16% | Add +16.9% | 11,329,847 | $843.96M | $74.49 | No quote |
| 11 | PCLN | PRICELINE GRP INC | 3.67% | New | 407,409 | $745.89M | No quote | No quote |
| 12 | EXPE | EXPEDIA INC DEL | 3.30% | Add +2.9% | 4,656,018 | $670.19M | $143.94 | No quote |
| 13 | MA | MASTERCARD INCORPORATED | 3.12% | Reduce -3.3% | 4,487,369 | $633.62M | $141.20 | No quote |
| 14 | NOW | SERVICENOW INC | 3.05% | Add +63.7% | 5,271,621 | $619.57M | $117.53 | No quote |
| 15 | ICE | INTERCONTINENTAL EXCHANGE IN | 2.96% | Add +37.6% | 8,749,665 | $601.1M | $68.70 | No quote |
| 16 | ADBE | ADOBE SYS INC | 2.89% | - | 3,931,896 | $586.56M | $149.18 | No quote |
| 17 | CRM | SALESFORCE COM INC | 2.88% | Add +136.8% | 6,270,806 | $585.82M | $93.42 | No quote |
| 18 | TRU | TRANSUNION | 2.87% | Add +38.6% | 12,345,757 | $583.46M | $47.26 | No quote |
| 19 | EQIX | EQUINIX INC | 2.80% | - | 1,273,652 | $568.43M | $446.30 | No quote |
| 20 | TV | GRUPO TELEVISA SA | 2.53% | Add +1.5% | 20,843,467 | $514.21M | No quote | No quote |
| 21 | EA | ELECTRONIC ARTS INC | 2.46% | New | 4,234,102 | $499.88M | $118.06 | No quote |
| 22 | PYPL | PAYPAL HLDGS INC | 2.12% | New | 6,713,230 | $429.85M | $64.03 | No quote |
| 23 | MELI | MERCADOLIBRE INC | 2.08% | New | 1,630,524 | $422.19M | $258.93 | No quote |
| 24 | WYNN | WYNN RESORTS LTD | 1.97% | New | 2,680,127 | $399.13M | $148.92 | No quote |
| 25 | TMUS | T MOBILE US INC | 1.38% | Reduce -36.0% | 4,561,573 | $281.27M | $61.66 | No quote |
| 26 | AAP | ADVANCE AUTO PARTS INC | 1.15% | Add +15.1% | 2,358,917 | $234.01M | $99.20 | No quote |
| 27 | VNTV | VANTIV INC | 0.80% | New | 2,291,437 | $161.48M | No quote | No quote |
| 28 | FLT | FLEETCOR TECHNOLOGIES INC | 0.61% | Reduce -87.8% | 801,482 | $124.05M | No quote | No quote |
| 29 | BUD | ANHEUSER BUSCH INBEV SA/NV | 0.42% | New | 715,551 | $85.37M | $119.30 | No quote |
| 30 | VXX | BARCLAYS BK PLC | 0.05% | Reduce -75.0% | 250,000 | $9.8M | No quote | No quote |
| 40 | ULTA | ULTA BEAUTY INC | - | Sold | 0 | $0 | No quote | No quote |
| 39 | SYMC | SYMANTEC CORP | - | Sold | 0 | $0 | No quote | No quote |
| 38 | SNAP | SNAP INC | - | Sold | 0 | $0 | No quote | No quote |
| 37 | ORLY | O REILLY AUTOMOTIVE INC NEW | - | Sold | 0 | $0 | No quote | No quote |
| 36 | FWONK | LIBERTY MEDIA CORP DELAWARE | - | Sold | 0 | $0 | No quote | No quote |
| 35 | CSX | CSX CORP | - | Sold | 0 | $0 | No quote | No quote |
| 34 | LNG | CHENIERE ENERGY INC | - | Sold | 0 | $0 | No quote | No quote |
| 33 | ANET | ARISTA NETWORKS INC | - | Sold | 0 | $0 | No quote | No quote |
| 32 | OPTU | ALTICE USA INC | - | Sold | 0 | $0 | No quote | No quote |
| 31 | ALB | ALBEMARLE CORP | - | 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.
| 1 | CHTR | CHARTER COMMUNICATIONS INC NCL A | CALL | New | 700,000 | $254.39M |