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.

Latest Holdings

HoldingReported ValueWeightSharesLast PriceEst. ValueReturn
Vistra CorpVST · Q1 2026$930M7.4%6.2M$157.23$973M+4.59%
ASML Holding NVASML · Q1 2026$865M6.9%655.1k$1,732.94$1B+31.2%
Carpenter Technology Corporation Common StockCRS · Q1 2026$717M5.7%1.8M$559.70$1B+42%
LPL Financial Holdings IncLPLA · Q1 2026$617M4.9%2M$327.78$672M+8.96%
APPLOVIN CORPAPP · Q1 2026$583M4.6%1.5M$427.01$626M+7.29%
Talen Energy CorporationTLN · Q1 2026$580M4.6%1.8M$396.95$722M+24.3%
Teradyne, Inc.TER · Q1 2026$555M4.4%1.9M$341.91$640M+15.3%
Carvana Co.CVNA · Q1 2026$552M4.4%1.8M$64.59$113M-79.5%
NU HOLDINGS LTDNU · Q1 2026$546M4.4%38M$13.88$528M-3.41%
Medline Inc.MDLN · Q1 2026$525M4.2%11.8M$39.66$468M-10.9%
Corning IncGLW · Q1 2026$506M4%3.7M$157.92$587M+16.1%
Clean Harbors IncCLH · Q1 2026$503M4%1.8M$303.37$532M+5.8%
MasTec IncMTZ · Q1 2026$493M3.9%1.5M$357.71$548M+11.2%
Taiwan Semiconductor Manufacturing Co LtdTSM · Q1 2026$470M3.7%1.4M$414.71$576M+22.7%
Brookfield CorporationBN · Q1 2026$454M3.6%11.2M$44.30$497M+9.46%
Tenet Healthcare CorpTHC · Q1 2026$426M3.4%2.3M$195.15$441M+3.41%
Capital One Financial CorporationCOF · Q1 2026$414M3.3%2.3M$208.89$474M+14.5%
Entegris IncENTG · Q1 2026$365M2.9%3.1M$137.84$429M+17.6%
US Foods Holding Corp. Common StockUSFD · Q1 2026$350M2.8%3.8M$97.05$368M+5.25%
PERFORMANCE FOOD GROUP COMPANYPFGC · Q1 2026$341M2.7%4M$110.41$439M+28.9%
McKesson CorpMCK · Q1 2026$339M2.7%392.2k$834.36$327M-3.58%
Ciena CorporationCIEN · Q1 2026$314M2.5%809.5k$446.93$362M+15.1%
TeraWulf Inc.WULF · Q1 2026$287M2.3%19.9M$19.37$386M+34.2%
44812J10444812J104 · Q1 2026$285M2.3%6.1M------
4.01E+1124.01E+112 · Q1 2026$214M1.7%393.1k------
Alphabet IncGOOGL · Q1 2026$54M0.4%187.6k$370.92$70M+29%
TransDigm Group IncTDG · Q1 2026$41M0.3%35.7k$1,207.42$43M+4.18%
Vulcan Materials CoVMC · Q1 2026$39M0.3%144.2k$280.62$40M+3.06%
Spotify Technology S.ASPOT · Q1 2026$33M0.3%68.8k$489.56$34M+0.96%
Mastercard IncMA · Q1 2026$29M0.2%57.2k$551.54$32M+10.4%
Amphenol CorpAPH · Q1 2026$28M0.2%223.1k$150.46$34M+19.1%
Visa IncV · Q1 2026$28M0.2%92.8k$365.14$34M+20.8%
Hilton Worldwide Holdings IncHLT · Q1 2026$27M0.2%89.2k$323.26$29M+6.31%
KKR & Co IncKKR · Q1 2026$17M0.1%179.3k$102.75$18M+11.1%
Booking Holdings IncBKNG · Q1 2026$10M0.1%2.4k$179.83$432k-95.7%
Boston Scientific CorpBSX · Q1 2026$7M0.1%104.7k$44.17$5M-29.6%