13F portfolio / Fundamental long/short
Lone Pine Capital
Stephen Mandel (founder)
Lone Pine Capital is a hedge fund headquartered in Greenwich, Connecticut, founded by Stephen Mandel in 1997. It is known for fundamental, research-driven stock picking, with offices in London, New York and San Francisco.
- Reported 13F value
- $16.4B
- Positions
- 34
- Est. 1-yearEstimate
- -9.2%SPY +15.7%
- Est. 3-year, annualizedEstimate
- +23.9%SPY +22.8%
As of Jun 30, 2026 · filed Aug 14, 2026
Holdings
13 new · 8 added · 13 trimmed · 0 unchanged · 15 sold out
| 1 | NBIS on Yahoo Finance (opens in a new tab) | Nebius Group N.V.SHS CLASS A | 7.2% | $1.2B | 4,258,008 | New | $198.04 | $167.13 | -15.6% |
| 2 | ASML on Yahoo Finance (opens in a new tab) | ASML Hldg NVN Y REGISTRY SHS | 6.9% | $1.1B | 569,174 | Trimmed -13.1% | $1062.65 | $1658.81 | +56.1% |
| 3 | STX on Yahoo Finance (opens in a new tab) | Seagate Technology Hldngs PlORD SHS | 5.9% | $965M | 1,000,109 | New | $761.72 | $651.00 | -14.5% |
| 4 | HD on Yahoo Finance (opens in a new tab) | Home Depot IncCOM | 5.6% | $918M | 2,603,189 | New | $321.25 | $310.77 | -3.3% |
| 5 | AMAT on Yahoo Finance (opens in a new tab) | Applied Matls IncCOM | 5.3% | $873M | 1,207,737 | New | $460.61 | $416.19 | -9.6% |
| 6 | MDLN on Yahoo Finance (opens in a new tab) | Medline IncCOM CL A | 5.1% | $827M | 20,968,367 | Added +77.9% | $41.39 | $36.44 | -12.0% |
| 7 | LIN on Yahoo Finance (opens in a new tab) | Linde PLCSHS | 4.9% | $809M | 1,558,081 | New | $503.71 | $496.42 | -1.4% |
| 8 | TER on Yahoo Finance (opens in a new tab) | Teradyne IncCOM | 4.4% | $722M | 1,493,080 | Trimmed -20.3% | $278.58 | $332.52 | +19.4% |
| 9 | GLW on Yahoo Finance (opens in a new tab) | Corning IncCOM | 4.3% | $697M | 2,728,058 | Trimmed -26.6% | $120.06 | $133.52 | +11.2% |
| 10 | CVNA on Yahoo Finance (opens in a new tab) | Carvana CoCL A | 4.2% | $692M | 10,520,666 | Added +499.6% | $66.35 | $59.04 | -11.0% |
| 11 | HUT on Yahoo Finance (opens in a new tab) | Hut 8 CorpCOM | 4.1% | $666M | 5,773,045 | Trimmed -5.0% | $54.08 | $68.77 | +27.2% |
| 12 | PFGC on Yahoo Finance (opens in a new tab) | Performance Food Group CoCOM | 4.0% | $654M | 5,852,740 | Added +47.1% | $92.64 | $97.14 | +4.9% |
| 13 | NU on Yahoo Finance (opens in a new tab) | Nu Hldgs LtdORD SHS CL A | 3.9% | $631M | 47,219,717 | Added +24.2% | $14.45 | $14.49 | +0.3% |
| 14 | WULF on Yahoo Finance (opens in a new tab) | Terawulf IncCOM | 3.6% | $596M | 24,144,625 | Added +21.2% | $16.26 | $11.68 | -28.2% |
| 15 | CRS on Yahoo Finance (opens in a new tab) | Carpenter Technology CorpCOM | 3.6% | $594M | 962,839 | Trimmed -47.0% | $317.95 | $376.51 | +18.4% |
| 16 | MTZ on Yahoo Finance (opens in a new tab) | Mastec IncCOM | 3.4% | $560M | 1,345,157 | Trimmed -12.1% | $270.73 | $191.10 | -29.4% |
| 17 | APP on Yahoo Finance (opens in a new tab) | Applovin CorpCOM CL A | 3.3% | $537M | 1,042,268 | Trimmed -28.9% | $304.23 | $267.14 | -12.2% |
| 18 | TTMI on Yahoo Finance (opens in a new tab) | TTM Technologies IncCOM | 3.1% | $512M | 2,738,075 | New | $161.30 | $95.01 | -41.1% |
| 19 | STRL on Yahoo Finance (opens in a new tab) | Sterling Infrastructure IncCOM | 3.1% | $512M | 609,643 | New | $701.84 | $424.83 | -39.5% |
| 20 | USFD on Yahoo Finance (opens in a new tab) | US Foods Hldg CorpCOM | 3.1% | $503M | 4,914,492 | Added +29.5% | $88.71 | $100.61 | +13.4% |
| 21 | ONON on Yahoo Finance (opens in a new tab) | On Hldg AGNAMEN AKT A | 2.9% | $470M | 13,280,030 | New | $36.55 | $34.71 | -5.0% |
| 22 | LPLA on Yahoo Finance (opens in a new tab) | LPL Finl Hldgs IncCOM | 2.1% | $343M | 1,219,099 | Trimmed -40.5% | $261.45* | $320.48 | +22.6% |
| 23 | AGX on Yahoo Finance (opens in a new tab) | Argan IncCOM | 1.8% | $294M | 368,673 | Trimmed -6.2% | $407.00 | $348.99 | -14.3% |
| 24 | BTDR on Yahoo Finance (opens in a new tab) | Bitdeer Technologies GroupCL A ORD SHS | 0.7% | $111M | 7,020,026 | New | $14.36 | $7.74 | -46.1% |
| 25 | SHAZ on Yahoo Finance (opens in a new tab) | Sharonai Holdings IncCOM CL A | 0.6% | $102M | 1,209,848 | New | $56.43 | $27.36 | -51.5% |
| 26 | GOOGL on Yahoo Finance (opens in a new tab) | Alphabet IncCAP STK CL A | 0.5% | $77M | 215,574 | Added +14.9% | $319.62 | $341.57 | +6.9% |
| 27 | KGS on Yahoo Finance (opens in a new tab) | Kodiak Gas Svcs IncCOM | 0.4% | $63M | 845,070 | New | $67.25 | $47.22 | -29.8% |
| 28 | V on Yahoo Finance (opens in a new tab) | Visa IncCOM CL A | 0.3% | $57M | 165,960 | Added +78.9% | $321.75 | $400.91 | +24.6% |
| 29 | IBKR on Yahoo Finance (opens in a new tab) | Interactive Brokers Group InCOM CL A | 0.3% | $50M | 577,666 | New | $83.10 | $82.84 | -0.3% |
| 30 | TSM on Yahoo Finance (opens in a new tab) | Taiwan Semiconductor ManufacSPONSORED ADS | 0.3% | $48M | 101,242 | Trimmed -92.7% | $88.01* | $413.04 | +369.3% |
| 31 | SE on Yahoo Finance (opens in a new tab) | Sea LtdSPONSORD ADS | 0.3% | $47M | 494,581 | New | $87.91 | $94.44 | +7.4% |
| 32 | MCK on Yahoo Finance (opens in a new tab) | McKesson CorpCOM | 0.3% | $44M | 57,851 | Trimmed -85.3% | $890.11 | $1001.86 | +12.6% |
| 33 | TDG on Yahoo Finance (opens in a new tab) | Transdigm Group IncCOM | 0.2% | $38M | 28,532 | Trimmed -20.0% | $1310.80 | $1141.26 | -12.9% |
| 34 | BN on Yahoo Finance (opens in a new tab) | Brookfield CorpCL A LTD VT SH | 0.2% | $34M | 792,717 | Trimmed -92.9% | $41.90 | $36.49 | -12.9% |
Sold out since Q1 2026
- VST on Yahoo Finance (opens in a new tab)Vistra Corp$930M at Q1 2026
- TLN on Yahoo Finance (opens in a new tab)Talen Energy Corp$580M at Q1 2026
- CLH on Yahoo Finance (opens in a new tab)Clean Harbors Inc$503M at Q1 2026
- THC on Yahoo Finance (opens in a new tab)Tenet Healthcare Corp$426M at Q1 2026
- COF on Yahoo Finance (opens in a new tab)Capital One Finl Corp$414M at Q1 2026
- ENTG on Yahoo Finance (opens in a new tab)Entegris Inc$365M at Q1 2026
- CIEN on Yahoo Finance (opens in a new tab)Ciena Corp$314M at Q1 2026
- VMC on Yahoo Finance (opens in a new tab)Vulcan Matls Co$39M at Q1 2026
- SPOT on Yahoo Finance (opens in a new tab)Spotify Technology S A$33M at Q1 2026
- MA on Yahoo Finance (opens in a new tab)Mastercard Incorporated$29M at Q1 2026
- APH on Yahoo Finance (opens in a new tab)Amphenol Corp$28M at Q1 2026
- HLT on Yahoo Finance (opens in a new tab)Hilton Worldwide Hldgs Inc$27M at Q1 2026
- KKR on Yahoo Finance (opens in a new tab)KKR & Co Inc$17M at Q1 2026
- BKNG on Yahoo Finance (opens in a new tab)Booking Holdings Inc$10M at Q1 2026
- BSX on Yahoo Finance (opens in a new tab)Boston Scientific Corp$7M at Q1 2026
Estimated, from reported holdings
Quarter by quarter
High-conviction buys (new positions at 3% or more of the portfolio) since Q3 2023: 29. Of 19 with six months of history, 47.4% beat the S&P 500 from the filing date.
Source: SEC Form 13F-HR 0000919574-26-005485, compared with the Q1 2026 report. 0 option rows are excluded from weights. Tickers map from CUSIP via OpenFIGI. Estimated returns weight each position’s next-quarter total return (Yahoo Finance adjusted closes) by its quarter-end value and assume no trades. Estimated cost averages daily adjusted closes in each quarter the share count rose, from Q3 2023 onward (* = held at the start of our data). Price is the latest close.
Important information
Form 13F data is delayed. Managers have up to 45 days after each calendar quarter to file, so holdings shown may have changed materially since the report date. 13F reports cover long positions in US-listed equities and certain other securities only; they exclude short positions, most non-US holdings, cash, bonds and private investments, and managers may request confidential treatment for some positions. Options rows are listed in filings but are not counted in the holdings and weights shown here.
Estimated holdings returns, estimated cost and high-conviction results are hypothetical calculations from quarter-end holdings and public prices, assuming no trades between reports. They are not the actual returns or costs of any fund or manager and do not reflect fees, trading, leverage, shorts or cash. Biographies are drawn from cited public sources. This page is for information only and is not individualized investment advice or a recommendation to buy or sell any security. Gulfstream Capital and its clients may hold positions in securities shown.