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.
Get email alerts when Stephen Mandel files a new 13F — sign in or create a free account.
Updated 2026-05-10 from SEC 13F data.
Live quotes available for 21 of 30 rows. Rows without a quote are marked unavailable.
| 1 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | 8.46% | Reduce -2.8% | 6,002,198 | $1.04B | $173.81 | |
| 2 | MSFT | MICROSOFT CORP | 7.32% | Add +4.7% | 2,020,205 | $902.93M | $446.95 | |
| 3 | AMZN | AMAZON COM INC | 6.97% | Reduce -1.0% | 4,448,280 | $859.63M | $193.25 | |
| 4 | META | META PLATFORMS INC | 5.70% | Reduce -34.8% | 1,394,437 | $703.1M | $504.22 | |
| 5 | PM | PHILIP MORRIS INTL INC | 5.48% | - | 6,671,129 | $675.99M | $101.33 | |
| 6 | KKR | KKR & CO INC | 5.45% | Reduce -8.7% | 6,385,506 | $672.01M | $105.24 | |
| 7 | ASML | ASML HOLDING N V | 4.88% | Add +19.0% | 587,891 | $601.25M | $1022.73 | |
| 8 | INTU | INTUIT | 4.81% | - | 902,450 | $593.1M | $657.21 | |
| 9 | VST | VISTRA CORP | 4.77% | Add +6.6% | 6,838,007 | $587.93M | $85.98 | |
| 10 | SPOT | SPOTIFY TECHNOLOGY S A | 4.29% | - | 1,687,415 | $529.49M | $313.79 | |
| 11 | SQ | BLOCK INC | 4.01% | Add +13.9% | 7,670,523 | $494.67M | No quote | No quote |
| 12 | UNH | UNITEDHEALTH GROUP INC | 3.90% | New | 944,317 | $480.9M | $509.26 | |
| 13 | APP | APPLOVIN CORP | 3.85% | Add +7.2% | 5,702,438 | $474.56M | $83.22 | |
| 14 | LPLA | LPL FINL HLDGS INC | 3.82% | - | 1,685,070 | $470.64M | $279.30 | |
| 15 | PTC | PTC INC | 3.75% | Reduce -14.1% | 2,548,199 | $462.93M | No quote | No quote |
| 16 | MA | MASTERCARD INCORPORATED | 3.73% | Add +53.4% | 1,043,557 | $460.38M | $441.16 | |
| 17 | BBWI | BATH & BODY WORKS INC | 3.58% | Add +15.8% | 11,315,515 | $441.87M | $39.05 | |
| 18 | BKNG | BOOKING HOLDINGS INC | 3.38% | Add +0.8% | 105,177 | $416.66M | $3961.50 | |
| 19 | MCK | MCKESSON CORP | 2.66% | - | 560,936 | $327.61M | $584.04 | |
| 20 | CEG | CONSTELLATION ENERGY CORP | 2.61% | Add +83.2% | 1,604,953 | $321.42M | $200.27 | |
| 21 | HWM | HOWMET AEROSPACE INC | 2.31% | New | 3,665,321 | $284.54M | $77.63 | |
| 22 | GEV | GE VERNOVA INC | 2.05% | New | 1,477,008 | $253.32M | $171.51 | |
| 23 | ARES | ARES MANAGEMENT CORPORATION | 1.70% | New | 1,574,763 | $209.88M | $133.28 | |
| 24 | AVDX | AVIDXCHANGE HOLDINGS INC | 0.50% | Reduce -0.1% | 5,078,341 | $61.24M | No quote | No quote |
| 30 | WDAY | WORKDAY INC | - | Sold | 0 | $0 | No quote | No quote |
| 29 | CRM | SALESFORCE INC | - | Sold | 0 | $0 | No quote | No quote |
| 28 | LYV | LIVE NATION ENTERTAINMENT IN | - | Sold | 0 | $0 | No quote | No quote |
| 27 | IBN | ICICI BANK LIMITED | - | Sold | 0 | $0 | No quote | No quote |
| 26 | EPAM | EPAM SYS INC | - | Sold | 0 | $0 | No quote | No quote |
| 25 | DKS | DICKS SPORTING GOODS INC | - | Sold | 0 | $0 | No quote | No quote |