Hedge Fund · CIK 0001061165
Stephen Mandel
Lone Pine Capital
Stephen Mandel runs Lone Pine Capital, a hedge fund overseeing $13.61B in disclosed equity holdings (SEC CIK 0001061165). The latest portfolio (2025Q4) discloses 32 positions across 9 sectors, with the largest positions in TSM, VST and CVNA. On a mark-to-market basis the tracked portfolio has returned 31.7% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.
Portfolio
$13.61B
Positions
32
Quarter
2025Q4
Filings tracked
40
Capital flow per quarter
BuysSellsNet
Latest · 2025Q4
+$88M
Lifetime buys
$39.85B
Lifetime sells
$53.29B
Quarter activity
What changed in 2024Q3 - net new, added, trimmed, exited.
New positions9 names
- CRMSALESFORCE COM INC+2,337,830$639.9M
- LENLENNAR CORP+2,927,654$548.9M
- SBUXSTARBUCKS CORP+4,050,850$394.9M
- WDAYWORKDAY INC+1,604,385$392.1M
- TLNTALEN ENERGY CORP+856,215$152.6M
- HUTHUT 8 CORP+1,232,752$15.1M
- WULFTERAWULF INC+3,067,796$14.4M
- G11448BITDEER TECHNOLOGIES GROUP+1,297,965$10.2M
- Q4982LIRIS ENERGY LTD+711,839$6.0M
Added to6 names
Trimmed12 names
- APPAPPLOVIN CORP−3,332,572$435.1M
- TSMTAIWAN SEMICONDUCTOR MFG LTD−1,789,337$310.8M
- PMPHILIP MORRIS INTL INC−2,190,473$265.9M
- KKRKKR & CO INC−1,862,776$243.2M
- MSFTMICROSOFT CORP−364,426$156.8M
- BKNGBOOKING HOLDINGS INC−28,763$121.2M
- GEVGE VERNOVA LLC−320,997$81.8M
- UNHUNITEDHEALTH GROUP INC−122,437$71.6M
- HWMHOWMET AEROSPACE INC−603,614$60.5M
- SPOTSPOTIFY TECHNOLOGY S A−134,886$49.7M
- ASMLASML HOLDING N V−36,578$30.5M
- VSTVISTRA CORP−31,716$3.8M
Recent transactions
Last 20 moves
TRIM
CAPITAL ONE FINL CORP
−274,600
~$242.36 · 2025Q4
2026-02-17
ADD
BROOKFIELD CORP
+5,742,012
~$45.89 · 2025Q4
2026-02-17
SOLD
FLUTTER ENTMT PLC
−1,733,336
~$254.00 · 2025Q4
2026-02-17
TRIM
LPL FINL HLDGS INC
−180,766
~$357.17 · 2025Q4
2026-02-17
SOLD
META PLATFORMS INC
−1,322,260
~$734.38 · 2025Q4
2026-02-17
TRIM
PHILIP MORRIS INTL INC
−1,970,864
~$160.40 · 2025Q4
2026-02-17
SOLD
STARBUCKS CORP
−5,561,954
~$84.60 · 2025Q4
2026-02-17
ADD
TALEN ENERGY CORP
+100,000
~$374.84 · 2025Q4
2026-02-17
ADD
VULCAN MATLS CO
+299,308
~$285.22 · 2025Q4
2026-02-17
TRIM
AMPHENOL CORP NEW
−213,458
~$135.14 · 2025Q4
2026-02-17
TRIM
BOOKING HOLDINGS INC
−26,521
~$5355.33 · 2025Q4
2026-02-17
