Steve Mandel

Lone Pine Capital

Steve Mandel is the founder and managing partner of Lone Pine Capital, an American hedge fund based in Greenwich, Connecticut. Known for his value-oriented investment philosophy, Mandel has built a reputation for successfully navigating complex market environments. His firm focuses on long/short equity strategies and has established a diverse portfolio across various sectors, emphasizing technology and consumer cyclicals. Lone Pine Capital operates with a global outlook, maintaining offices in major financial hubs including New York City, London, and San Francisco. The firm employs a research-driven approach to identify undervalued companies and capitalize on market inefficiencies. With a strong emphasis on fundamental analysis, Mandel and his team aim to deliver consistent returns while managing risk effectively. Recent disclosures reveal a dynamic trading pattern, with significant position adjustments between February 14, 2025, and May 15, 2026. The firm has executed a total of 200 disclosures, reflecting a mix of position increases and reductions, with the largest disclosed move being an exit from Meta valued at approximately $971 million. The portfolio prominently features technology stocks, including Microsoft Corp and Amazon.com, highlighting the firm's strategic focus in this sector.

History Trades

CompanyValueActionChangePriceLast Price
Meta Platforms, Inc.META$-971.0MExitQ4 2025 13F$971M$667.77$681.31
ASML Holding NVASML$647.3MOtherQ4 2025 13F$647M$1,043.15$1,732.94
DoorDash IncDASH$573.0MOtherQ4 2025 13F$573M$234.56$189.70
Medline Inc.MDLN$492.1MOtherQ4 2025 13F$492M$42.23$39.66
Starbucks CorpSBUX$-470.5MExitQ4 2025 13F$471M$84.36$104.52
EQT CorpEQT$-455.1MExitQ4 2025 13F$455M$56.19$49.05
Steve Mandel (Lone Pine Capital) exit Unmapped 13F securityPORTFOLIO$-440.3MExitQ4 2025 13F$440M----
Carpenter Technology Corporation Common StockCRS$413.4MOtherQ4 2025 13F$413M$300.78$559.70
Tenet Healthcare CorpTHC$355.2MOtherQ4 2025 13F$355M$202.09$195.15
Sea LimitedSE$-334.1MExitQ4 2025 13F$334M$148.11$112.20
Philip Morris International IncPM$-324.4MTrimQ4 2025 13F$324M$154.93$192.12
Clean Harbors IncCLH$323.1MOtherQ4 2025 13F$323M$228.49$303.37
Ciena CorporationCIEN$-292.3MExitQ4 2025 13F$292M$194.00$446.93
Affirm Holdings, Inc.AFRM$284.1MOtherQ4 2025 13F$284M$71.97$81.71
APPLOVIN CORPAPP$-271.0MTrimQ4 2025 13F$271M$630.10$427.01
Etsy IncETSY$-257.6MExitQ4 2025 13F$258M$61.02$85.74
Entegris IncENTG$257.3MOtherQ4 2025 13F$257M$86.87$137.84
Booking Holdings IncBKNG$-143.4MTrimQ4 2025 13F$143M$205.79$179.83
KKR & Co IncKKR$107.3MAddQ4 2025 13F$107M$124.38$102.75
NU HOLDINGS LTDNU$89.3MAddQ4 2025 13F$89M$16.07$13.88
Broadcom IncAVGO$87.7MAddQ4 2025 13F$88M$357.61$394.28
Carvana Co.CVNA$85.0MAddQ4 2025 13F$85M$74.35$64.59
Vistra CorpVST$-79.8MTrimQ4 2025 13F$80M$182.15$157.23
Taiwan Semiconductor Manufacturing Co LtdTSM$75.1MAddQ4 2025 13F$75M$293.42$414.71
Amazon.com IncAMZN$557M2.4M sharesTrimQ4 2025 13F$60M$228.79$254.96
Mastercard IncMA$55.0MOtherQ4 2025 13F$55M$559.02$551.54
Vulcan Materials CoVMC$54.4MAddQ4 2025 13F$54M$293.36$280.62
Brookfield CorporationBN$32.5MAddQ4 2025 13F$32M$45.60$44.30
Microsoft CorpMSFT$-29.1MTrimQ4 2025 13F$29M$501.12$395.63
TransDigm Group IncTDG$25.6MOtherQ4 2025 13F$26M$1,310.75$1,207.42
Talen Energy CorporationTLN$-22.8MTrimQ4 2025 13F$23M$388.68$396.95
Boston Scientific CorpBSX$19.2MOtherQ4 2025 13F$19M$98.04$44.17
Hilton Worldwide Holdings IncHLT$16.6MOtherQ4 2025 13F$17M$272.29$323.26
Spotify Technology S.ASPOT$10.3MOtherQ4 2025 13F$10M$625.13$489.56
Capital One Financial CorporationCOF$10.0MAddQ4 2025 13F$10M$222.62$208.89
LPL Financial Holdings IncLPLA$-9.3MTrimQ4 2025 13F$9M$353.69$327.78
Amphenol CorpAPH$5.6MAddQ4 2025 13F$6M$133.75$150.46
Visa IncV$5.3MOtherQ4 2025 13F$5M$340.70$365.14
Wingstop Inc.WING$5.1MAddQ4 2025 13F$5M$247.68$145.70
Intuit IncINTU$-607.8MExitQ3 2025 13F$608M$720.86$282.43
Unitedhealth Group IncUNH$-528.3MExitQ3 2025 13F$528M$302.44$418.52
Broadcom IncAVGO$511.2MOtherQ3 2025 13F$511M$306.78$394.28
Salesforce, Inc. Common StockCRM$-508.1MExitQ3 2025 13F$508M$252.21$172.68
Amazon.com IncAMZN$617M2.8M sharesTrimQ3 2025 13F$487M$226.35$254.96
ASML Holding NVASML$-454.3MExitQ3 2025 13F$454M$786.07$1,732.94
Vulcan Materials CoVMC$425.9MOtherQ3 2025 13F$426M$283.95$280.62
NU HOLDINGS LTDNU$406.8MOtherQ3 2025 13F$407M$13.95$13.88
Wingstop Inc.WING$375.3MOtherQ3 2025 13F$375M$310.70$145.70
Amphenol CorpAPH$374.1MOtherQ3 2025 13F$374M$109.73$150.46
Brookfield CorporationBN$350.6MAddQ3 2025 13F$351M$44.31$44.30
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