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← Stephen Mandel

Stephen Mandel's 2025Q3 portfolio

Stephen Mandel (Lone Pine Capital) held 14 positions as of Sep 30, 2025, with the largest position at 6.7% of the portfolio.

Showing positions still held at the most recent quarter so their historical weights can be reconstructed. Positions that were held in 2025Q3but have since been exited aren't included in this table — for a full point-in-time reconstruction, use the SEC EDGAR filing directly.

Holdings as of Sep 30, 2025 (14)

  1. 1VSTVistra Corp
    % port
    6.7%
    -2.4pp vs prior Qnow 7.4%
  2. 2TSMTaiwan Semiconductor-sp Adr
    % port
    6.2%
    +0.6pp vs prior Qnow 3.7%
  3. 3APPApplovin Corp-class A
    % port
    5.8%
    +2.6pp vs prior Qnow 4.6%
  4. 4LPLALpl Financial Holdings Inc
    % port
    5.5%
    +0.4pp vs prior Qnow 4.9%
  5. 5BNBrookfield Corp
    % port
    5.1%
    +2.6pp vs prior Qnow 3.6%
  6. 6CVNACarvana CO
    % port
    4.8%
    +0.5pp vs prior Qnow 4.4%
  7. 7COFCapital One Financial Corp
    % port
    4.0%
    -0.8pp vs prior Qnow 3.3%
  8. 8KKRKkr & CO Inc
    % port
    3.9%
    -1.2pp vs prior Qnow 0.1%
  9. 9TLNTalen Energy Corp
    % port
    3.7%
    +1.4pp vs prior Qnow 4.6%
  10. 10VMCVulcan Materials CO
    % port
    3.1%
    now 0.3%
  11. 11NUNU Hldgs Ltd
    % port
    3.0%
    now 4.4%
  12. 12APHAmphenol Corp-cl A
    % port
    2.7%
    now 0.2%
  13. 13CIENCiena Corp
    % port
    2.1%
    now 2.5%
  14. 14BKNGBooking Holdings Inc
    % port
    1.2%
    -1.3pp vs prior Qnow 0.1%

13F-HR filings disclose long US-equity positions only. 13Fs don't cover shorts, bonds, derivatives, or non-US listings, so the picture here is the public part of the portfolio — not the whole.

Not investment advice.