Stephen Mandel
Lone Pine Capital
Founded Lone Pine, a 'Tiger Cub' growth fund, and later handed over the portfolio management. The 13F is Lone Pine's.
13F portfolio value
Q2 2026
$16.36B
1-year growth
+18.4%
2-year growth
+32.7%
Positions
34
Top 10 share
53.9%
Quarterly turnover
46.9%
Last filed
Aug 14, 2026
Q2 2026: summary
MakklerAI- Lone Pine opened NBIS at 7.2% ($1.2B), Seagate Technology at 5.9% ($965M), HD at 5.6% ($918M) and AMAT at 5.3% ($873M).
- It sold out of VST, previously 7.4% of the portfolio, and 14 other positions; TSM was cut 92.7% to a 0.3% weight.
- MDLN grew 77.9% to 5.1% of the portfolio, while CVNA rose 19.9% to 4.2%; CRS was cut 47.0%.
- The portfolio reached $16.4B from $12.5B in the prior quarter, with 34 positions versus 36; turnover rose to 46.9% from 39.8%, and the top ten held 53.9%.
PROEstimated trade prices are PRO
See the average price in the quarter of each buy and sale and the move since. The first row of each group is open as a preview.
New positions 13
Est. buy price PRO
NBISNewNebius Group N.V. Class A7.2%
7.19 pt impact
$198.04
+4.5% since
- SESeagate Technology Hldngs PlNewSeagate Technology Hldngs Pl
5.9%
5.90 pt impact
HDNewHome Depot, Inc.5.6%
5.61 pt impact
AMATNewApplied Materials, Inc.5.3%
5.34 pt impact
LINNewLinde plc4.9%
4.94 pt impact
TTMINewTTM Technologies, Inc.3.1%
3.13 pt impact
STRLNewSterling Infrastructure, Inc.3.1%
3.13 pt impact
- ONOn Hldg AgNewOn Hldg Ag
2.9%
2.88 pt impact
BTDRNewBitdeer Technologies Group Class A0.7%
0.68 pt impact
SHAZNewSharonAI Holdings, Inc. Class A0.6%
0.63 pt impact
KGSNewKodiak Gas Services, Inc.0.4%
0.39 pt impact
IBKRNewInteractive Brokers Group, Inc. Class A0.3%
0.31 pt impact
+1 more positions
Added to 8
Est. buy price PRO
MDLN+77.9%Medline, Inc. Class A5.1%
2.21 pt impact
$40.30
-11.4% since
PFGC+47.1%Performance Food Group Co4.0%
1.28 pt impact
NU+24.2%Nu Holdings Ltd. Class A3.9%
0.75 pt impact
CVNA+19.9%Carvana Co. Class A4.2%
0.70 pt impact
USFD+29.5%US Foods Holding Corp.3.1%
0.70 pt impact
WULF+21.2%TeraWulf Inc.3.6%
0.64 pt impact
V+78.9%Visa Inc. Class A0.3%
0.15 pt impact
GOOGL+14.9%Alphabet Inc. Class A0.5%
0.06 pt impact
Trimmed 13
Est. sell price PRO
TSM-92.7%Taiwan Semiconductor-Sp Adr0.3%
-3.76 pt impact
$405.79
+9.7% since
CRS-47.0%Carpenter Technology Corporation3.6%
-3.22 pt impact
BN-92.9%Brookfield Corporation0.2%
-2.71 pt impact
GLW-26.6%Corning Inc4.3%
-1.55 pt impact
MCK-85.3%McKesson Corporation0.3%
-1.54 pt impact
LPLA-40.5%LPL Financial Holdings Inc.2.1%
-1.43 pt impact
APP-28.9%AppLovin Corp. Class A3.3%
-1.33 pt impact
TER-20.3%Teradyne, Inc.4.4%
-1.12 pt impact
- ASAsml Holding N V-13.1%Asml Holding N V
6.9%
-1.05 pt impact
MTZ-12.1%MasTec, Inc.3.4%
-0.47 pt impact
HUT-5.0%Hut 8 Corp.4.1%
-0.22 pt impact
AGX-6.2%Argan, Inc.1.8%
-0.12 pt impact
+1 more positions
Sold out 15
Est. sell price PRO
VSTSoldVistra Corp.7.4%
-7.42 pt impact
$155.14
+4.7% since
TLNSoldTalen Energy Corp4.6%
-4.63 pt impact
CLHSoldClean Harbors, Inc.4.0%
-4.01 pt impact
THCSoldTenet Healthcare Corporation3.4%
-3.40 pt impact
COFSoldCapital One Financial Corp3.3%
-3.30 pt impact
ENTGSoldEntegris, Inc.2.9%
-2.91 pt impact
CIENSoldCiena Corporation2.5%
-2.51 pt impact
VMCSoldVulcan Materials Company0.3%
-0.31 pt impact
SPOTSoldSpotify Technology SA0.3%
-0.27 pt impact
MASoldMastercard Incorporated Class A0.2%
-0.23 pt impact
APHSoldAmphenol Corporation Class A0.2%
-0.22 pt impact
HLTSoldHilton Worldwide Holdings Inc.0.2%
-0.22 pt impact
+3 more positions
MakklerAI
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Explore this quarter's moves and where each position stands against its estimated buy price and Makkler Fair Value. Answers are based on the 13F and today's prices.