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: +4.81%
1-year: +0.17%
3-year: +87.28%
5-year: +14.37%
3-year vs S&P 500: +14.05%
5-year vs S&P 500: -59.31%
5-year top 5: +11.49%

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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Filing period

Updated 2026-06-06 from SEC 13F data.

Live quotes available for 31 of 62 rows. Rows without a quote are marked unavailable.


1	FXE	CURRENCYSHARES EURO TR	8.00%	New	20,000,000	$2.11B	No quote	No quote
2	PCLN	PRICELINE GRP INC	5.86%	Reduce -4.9%	1,329,775	$1.55B	No quote	No quote
3	JD	JD COM INC	4.28%	Add +336.9%	38,527,260	$1.13B	$29.38	No quote
4	MA	MASTERCARD INC	4.24%	Reduce -35.2%	12,973,653	$1.12B	$86.39	No quote
5	VRX	VALEANT PHARMACEUTICALS INTL	4.19%	Reduce -32.5%	5,569,460	$1.11B	No quote	No quote
6	BIDU	BAIDU INC	4.17%	Reduce -24.9%	5,281,484	$1.1B	$208.40	No quote
7	ADBE	ADOBE SYS INC	3.37%	Reduce -1.1%	12,045,393	$890.64M	$73.94	No quote
8	AAPL	APPLE INC	3.22%	Add +213.1%	6,838,522	$850.92M	$124.43	No quote
9	FLT	FLEETCOR TECHNOLOGIES INC	3.13%	Reduce -14.9%	5,478,615	$826.83M	No quote	No quote
10	SBAC	SBA COMMUNICATIONS CORP	2.86%	Reduce -11.4%	6,460,678	$756.55M	$117.10	No quote
11	KORS	MICHAEL KORS HLDGS LTD	2.79%	Add +1.4%	11,225,155	$738.05M	No quote	No quote
12	MSFT	MICROSOFT CORP	2.66%	Add +217.7%	17,314,909	$703.94M	$40.66	No quote
13	WMB	WILLIAMS COS INC DEL	2.64%	New	13,801,199	$698.2M	$50.59	No quote
14	META	FACEBOOK INC	2.52%	Reduce -40.0%	8,106,922	$666.51M	$82.22	No quote
15	CHTR	CHARTER COMMUNICATIONS INC D	2.43%	Add +1.8%	3,327,979	$642.67M	$193.11	No quote
16	EQIX	EQUINIX INC	2.41%	Reduce -29.8%	2,729,378	$635.54M	$232.85	No quote
17	V	VISA INC	2.35%	Add +436.8%	9,510,268	$622.07M	$65.41	No quote
18	LNG	CHENIERE ENERGY INC	2.35%	Reduce -9.1%	8,018,486	$620.63M	No quote	No quote
19	CP	CANADIAN PAC RY LTD	2.18%	Reduce -12.2%	3,147,265	$575.01M	$182.70	No quote
20	NKE	NIKE INC	2.16%	New	5,678,660	$569.74M	$100.33	No quote
21	ACTZZZZ	ACTAVIS PLC	2.06%	New	1,832,314	$545.33M	No quote	No quote
22	ILMN	ILLUMINA INC	2.03%	New	2,890,103	$536.52M	$185.64	No quote
23	TDG	TRANSDIGM GROUP INC	1.83%	Add +24.0%	2,215,423	$484.56M	$218.72	No quote
24	ADSK	AUTODESK INC	1.80%	Reduce -44.0%	8,103,986	$475.22M	$58.64	No quote
25	HOUS	REALOGY HLDGS CORP	1.79%	-	10,406,478	$473.29M	No quote	No quote
26	MHP	MCGRAW HILL FINL INC	1.79%	Reduce -37.9%	4,574,980	$473.05M	No quote	No quote
27	DVA	DAVITA HEALTHCARE PARTNERS I	1.68%	Add +38.5%	5,455,774	$443.45M	$81.28	No quote
28	LOW	LOWES COS INC	1.67%	New	5,916,304	$440.11M	$74.39	No quote
29	HCA	HCA HOLDING INC	1.66%	-	5,836,872	$439.11M	$75.23	No quote
30	ULTA	ULTA SALON COSMETCS & FRAG I	1.41%	Reduce -26.0%	2,473,942	$373.19M	$150.85	No quote
31	MHK	MOHAWK INDS INC	1.38%	Reduce -20.6%	1,958,565	$363.8M	$185.75	No quote
32	FNF	FIDELITY NATIONAL FINANCIAL	1.37%	New	9,870,396	$362.84M	$36.76	No quote
33	VIPS	VIPSHOP HLDGS LTD	1.22%	Reduce -21.5%	10,943,918	$322.19M	$29.44	No quote
34	06742E	BARCLAYS BK PLC	1.13%	Add +84.7%	11,634,000	$298.18M	No quote	No quote
35	ENDPQ	ENDO INTL PLC	1.11%	New	3,270,117	$293.33M	No quote	No quote
36	GRA	GRACE W R & CO DEL NEW	1.09%	-	2,902,557	$286.98M	No quote	No quote
37	SUNEQ	SUNEDISON INC	1.02%	New	11,212,785	$269.11M	No quote	No quote
38	WBA	WALGREENS BOOTS ALLIANCE INC	0.83%	Reduce -37.8%	2,584,527	$218.86M	No quote	No quote
39	74347W	PROSHARES TR II	0.68%	New	12,000,000	$180.6M	No quote	No quote
40	LMCK	LIBERTY MEDIA CORP DELAWARE	0.65%	New	4,514,617	$172.46M	No quote	No quote
41	CDK	CDK GLOBAL INC	0.47%	Reduce -8.9%	2,636,255	$123.27M	No quote	No quote
42	SWI	SOLARWINDS INC	0.46%	-	2,386,428	$122.28M	No quote	No quote
43	VMC	VULCAN MATLS CO	0.45%	New	1,420,997	$119.79M	$84.30	No quote
44	MTG	MGIC INVT CORP WIS	0.45%	New	12,403,003	$119.44M	$9.63	No quote
45	HDB	HDFC BANK LTD	0.45%	New	2,014,620	$118.64M	$58.89	No quote
46	LMCAD	LIBERTY MEDIA CORP DELAWARE	0.40%	New	2,761,506	$106.46M	No quote	No quote
47	ANET	ARISTA NETWORKS INC	0.40%	Add +12.5%	1,490,825	$105.15M	$70.53	No quote
48	SHLD	SEARS HLDGS CORP	0.34%	-	2,163,100	$89.51M	No quote	No quote
49	CTSH	COGNIZANT TECHNOLOGY SOLUTIO	0.26%	Reduce -91.1%	1,093,374	$68.22M	$62.39	No quote
50	JAZZ	JAZZ PHARMACEUTICALS PLC	0.17%	Reduce -86.1%	260,985	$45.1M	$172.79	No quote
51	RIG	TRANSOCEAN LTD	0.13%	New	2,400,000	$35.21M	$14.67	No quote
62	WYNN	WYNN RESORTS LTD	-	Sold	0	$0	No quote	No quote
61	WDAY	WORKDAY INC	-	Sold	0	$0	No quote	No quote
60	UAA	UNDER ARMOUR INC	-	Sold	0	$0	No quote	No quote
59	TIF	TIFFANY & CO NEW	-	Sold	0	$0	No quote	No quote
58	NFLX	NETFLIX INC	-	Sold	0	$0	No quote	No quote
57	ICE	INTERCONTINENTAL EXCHANGE IN	-	Sold	0	$0	No quote	No quote
56	INTC	INTEL CORP	-	Sold	0	$0	No quote	No quote
55	HUM	HUMANA INC	-	Sold	0	$0	No quote	No quote
54	DG	DOLLAR GEN CORP NEW	-	Sold	0	$0	No quote	No quote
53	COO	COOPER COS INC	-	Sold	0	$0	No quote	No quote
52	CVLT	COMMVAULT SYSTEMS INC	-	Sold	0	$0	No quote	No quote