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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Updated 2026-05-10 from SEC 13F data.
Live quotes available for 22 of 30 rows. Rows without a quote are marked unavailable.
| 1 | META | META PLATFORMS INC | 8.80% | Add +3.4% | 2,873,728 | $1.02B | $353.96 | |
| 2 | AMZN | AMAZON COM INC | 7.18% | - | 5,464,789 | $830.32M | $151.94 | |
| 3 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | 6.25% | Reduce -10.9% | 6,947,924 | $722.58M | $104.00 | |
| 4 | MSFT | MICROSOFT CORP | 5.89% | - | 1,811,809 | $681.31M | $376.04 | |
| 5 | CRM | SALESFORCE INC | 5.69% | - | 2,499,630 | $657.75M | $263.14 | |
| 6 | PTC | PTC INC | 4.79% | - | 3,166,463 | $554M | No quote | No quote |
| 7 | BKNG | BOOKING HOLDINGS INC | 4.68% | Add +2.0% | 152,501 | $540.95M | $3547.22 | |
| 8 | KKR | KKR & CO INC | 4.46% | Reduce -5.2% | 6,226,064 | $515.83M | $82.85 | |
| 9 | SQ | BLOCK INC | 4.42% | Add +70.0% | 6,606,269 | $510.99M | No quote | No quote |
| 10 | MA | MASTERCARD INCORPORATED | 4.06% | Reduce -37.0% | 1,100,790 | $469.5M | $426.51 | |
| 11 | UNH | UNITEDHEALTH GROUP INC | 4.06% | - | 891,167 | $469.17M | $526.47 | |
| 12 | INTU | INTUIT | 4.05% | New | 748,527 | $467.85M | $625.03 | |
| 13 | BBWI | BATH & BODY WORKS INC | 3.90% | Add +20.0% | 10,448,872 | $450.97M | $43.16 | |
| 14 | DKS | DICKS SPORTING GOODS INC | 3.72% | Add +0.0% | 2,922,910 | $429.52M | $146.95 | |
| 15 | WDAY | WORKDAY INC | 3.70% | Reduce -40.0% | 1,547,870 | $427.3M | $276.06 | |
| 16 | LPLA | LPL FINL HLDGS INC | 3.62% | - | 1,840,114 | $418.85M | $227.62 | |
| 17 | ASML | ASML HOLDING N V | 2.81% | Add +13.0% | 429,798 | $325.32M | $756.92 | |
| 18 | LYV | LIVE NATION ENTERTAINMENT IN | 2.71% | Reduce -9.9% | 3,345,296 | $313.12M | $93.60 | |
| 19 | HDB | HDFC BANK LTD | 2.70% | - | 4,643,541 | $311.63M | $67.11 | |
| 20 | BX | BLACKSTONE INC | 2.51% | New | 2,219,023 | $290.51M | $130.92 | |
| 21 | IBN | ICICI BANK LIMITED | 2.48% | - | 12,042,263 | $287.09M | $23.84 | |
| 22 | PM | PHILIP MORRIS INTL INC | 2.45% | New | 3,005,791 | $282.78M | $94.08 | |
| 23 | GE | GENERAL ELECTRIC CO | 2.32% | New | 2,103,885 | $268.52M | $127.63 | |
| 24 | EPAM | EPAM SYS INC | 2.19% | Reduce -19.4% | 850,260 | $252.82M | $297.34 | |
| 25 | AVDX | AVIDXCHANGE HOLDINGS INC | 0.54% | - | 5,080,632 | $62.95M | No quote | No quote |
| 30 | TDG | TRANSDIGM GROUP INC | - | Sold | 0 | $0 | No quote | No quote |
| 29 | TPX | TEMPUR SEALY INTL INC | - | Sold | 0 | $0 | No quote | No quote |
| 28 | FND | FLOOR & DECOR HLDGS INC | - | Sold | 0 | $0 | No quote | No quote |
| 27 | BILL | BILL HOLDINGS INC | - | Sold | 0 | $0 | No quote | No quote |
| 26 | GOOGL | ALPHABET INC | - | Sold | 0 | $0 | No quote | No quote |