What Stephen Mandel bought and sold in Q3 2025
In Q3 2025, Stephen Mandel (Lone Pine Capital) opened 8 new positions — including AVGO (3.7%), VMC (3.1%), NU (3.0%), added to 3, trimmed 6, exited 5 (INTU, UNH, CRM). The book stood at $13.74B across 25 positions, filed Nov 14, 2025.
8New3Added6Trimmed5Exited
New positions (8)
- AVGOBroadcom Inc3.7% · $511M
- VMCVulcan Materials CO3.1% · $426M
- NUNU Hldgs Ltd3.0% · $407M
- WINGWingstop Inc2.7% · $375M
- APHAmphenol Corp-cl A2.7% · $374M
- SESea Ltd-adr2.4% · $334M
- CIENCiena Corp2.1% · $292M
- ETSYEtsy Inc1.9% · $258M
Added to (3)
Trimmed (6)
Exited (5)
Stephen Mandel's other filings
Changes vs the prior quarter's 13F, long US equity positions only (no shorts, options, or non-US listings). ADD/TRIM are share- count changes of ±20% or more. Sourced from SEC EDGAR. Not investment advice.