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$703M1.4M sharesTrimQ2 2024 13F$335M$486.09$627.17
Howmet Aerospace Inc.HWM$284.5MOtherQ2 2024 13F$285M$75.72$272.99
Dick's Sporting Goods Inc.DKS$-269.6MExitQ2 2024 13F$270M$208.35$208.89
EPAM Systems IncEPAM$-256.8MExitQ2 2024 13F$257M$213.23$89.71
ICICI Bank LimitedIBN$-254.7MExitQ2 2024 13F$255M--$30.06
GE VERNOVA INCGEV$253.3MOtherQ2 2024 13F$253M$158.47$1,072.80
Ares Management CorpARES$209.9MOtherQ2 2024 13F$210M$136.56$120.60
Taiwan Semiconductor Manufacturing Co LtdTSM$203.5MAddQ2 2024 13F$203M$151.69$424.61
CONSTELLATION ENE CORPCEG$159.5MAddQ2 2024 13F$160M$203.99$254.71
Vistra CorpVST$141.3MAddQ2 2024 13F$141M$83.69$157.23
Mastercard IncMA$132.7MAddQ2 2024 13F$133M$455.54$551.54
ASML Holding NVASML$121.8MAddQ2 2024 13F$122M$961.34$1,732.94
APPLOVIN CORPAPP$106.3MAddQ2 2024 13F$106M--$427.01
PTC Inc. - Common StockPTC$-97.8MTrimQ2 2024 13F$98M$179.01$123.61
Microsoft CorpMSFT$91.0MAddQ2 2024 13F$91M$422.32$390.34
Spotify Technology S.ASPOT$84.2MAddQ2 2024 13F$84M$301.09$489.56
Block, Inc.XYZ$-75.1MTrimQ2 2024 13F$75M$69.96$80.38
Philip Morris International IncPM$64.8MAddQ2 2024 13F$65M$97.77$192.12
Amazon.com IncAMZN$860M4.4M sharesAddQ2 2024 13F$49M$183.70$244.85
Bath & Body Works IncBBWI$-46.7MTrimQ2 2024 13F$47M$45.90$21.12
Booking Holdings IncBKNG$38.3MAddQ2 2024 13F$38M$148.12$179.83
KKR & Co IncKKR$-31.3MTrimQ2 2024 13F$31M$101.81$102.75
McKesson CorpMCK$26.5MAddQ2 2024 13F$26M$556.70$834.36
LPL Financial Holdings IncLPLA$25.4MAddQ2 2024 13F$25M$271.44$327.78
Intuit IncINTU$6.5MAddQ2 2024 13F$7M$620.28$289.92
AvidXchange Holdings, Inc.AVDX$-5.6MTrimQ2 2024 13F$6M--$10.00
Unitedhealth Group IncUNH$-469.2MExitQ1 2024 13F$469M$508.38$431.31
Vistra CorpVST$446.7MOtherQ1 2024 13F$447M$49.47$157.23
Spotify Technology S.ASPOT$445.3MOtherQ1 2024 13F$445M$234.88$489.56
APPLOVIN CORPAPP$368.2MOtherQ1 2024 13F$368M--$427.01
Philip Morris International IncPM$328.4MAddQ1 2024 13F$328M$92.21$192.12
H D F C Bank LtdHDB$-311.6MExitQ1 2024 13F$312M--$24.07
McKesson CorpMCK$301.1MOtherQ1 2024 13F$301M$507.73$834.36
Blackstone Group IncBX$-290.5MExitQ1 2024 13F$291M$124.89$124.90
GE AerospaceGE$-268.5MExitQ1 2024 13F$269M$117.76$340.30
KKR & Co IncKKR$187.4MAddQ1 2024 13F$187M$91.97$102.75
Booking Holdings IncBKNG$-162.6MTrimQ1 2024 13F$163M$142.53$179.83
CONSTELLATION ENE CORPCEG$161.9MOtherQ1 2024 13F$162M$142.00$254.71
Dick's Sporting Goods Inc.DKS$-159.9MTrimQ1 2024 13F$160M$170.81$208.89
ASML Holding NVASML$154.1MAddQ1 2024 13F$154M$887.02$1,732.94
Mastercard IncMA$-141.8MTrimQ1 2024 13F$142M$457.15$551.54
Microsoft CorpMSFT$130.6MAddQ1 2024 13F$131M$404.82$390.34
Intuit IncINTU$118.7MAddQ1 2024 13F$119M$638.33$289.92
Taiwan Semiconductor Manufacturing Co LtdTSM$117.2MAddQ1 2024 13F$117M$124.20$424.61
Salesforce, Inc. Common StockCRM$65.2MAddQ1 2024 13F$65M$288.53$172.68
Block, Inc.XYZ$58.7MAddQ1 2024 13F$59M$72.33$80.38
Workday IncWDAY$-41.4MTrimQ1 2024 13F$41M$284.68$147.18
Bath & Body Works IncBBWI$37.6MAddQ1 2024 13F$38M$44.91$21.12
ICICI Bank LimitedIBN$-32.4MTrimQ1 2024 13F$32M--$30.06
Live Nation Entertainment, Inc.LYV$27.2MAddQ1 2024 13F$27M$94.54$182.31
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