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Built from publicly disclosed institutional and insider activity. Informational purposes only - not investment advice.OpenStocks · v0.1
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  1. Home/
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  3. Stephen Mandel (Lone Pine Capital)
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  • Portfolio32
  • Performance40Q
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  • Activity1.3k
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Hedge Fund · CIK 0001061165

Stephen Mandel

Lone Pine Capital
Share
  • Large Fund

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.

Track Stephen's filingsView holdings↓
Portfolio
$13.61B
Positions
32
Quarter
2025Q4
Filings tracked
40
1Y+31.7%Since filing+177.7%Full performance →
Quarter
2025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q1

Holdings

Sorted by value · 2025Q2
22 positions
1
VSTVISTRA CORP
Utilities·Utilities - Independent Power Producers
8.92%
of portfolio
Number of shares
6,469,719 sh
Holdings current value
$1.25B
Avg closing price
$111.59
+46.5%
Last action
Added 8.6%
2025Q4
Current $163.46
2
METAMETA PLATFORMS INC
Communication Services·Internet Content & Information
8.75%
of portfolio
Number of shares
1,665,017 sh
Holdings current value
$1.23B
Avg closing price
$329.28
+109.1%
Last action
Exited
2025Q4
Current $688.55
3
AMZNAMAZON COM INC
Consumer Cyclical·Internet Retail
7.86%
of portfolio
Number of shares
5,033,556 sh
Holdings current value
$1.10B
Avg closing price
$187.75
+33.5%
Last action
Trimmed 7.3%
2025Q4
Current $250.56
4
MSFTMICROSOFT CORP
Technology·Software - Infrastructure
6.57%
of portfolio
Number of shares
1,854,856 sh
Holdings current value
$922.62M
Avg closing price
$218.62
+93.4%
Last action
Added 1.4%
2025Q4
Current $422.79
5
TSMTAIWAN SEMICONDUCTOR MFG LTDADR
Technology·Semiconductors
5.54%
of portfolio
Number of shares
3,435,920 sh
Holdings current value
$778.20M
Avg closing price
$60.48
+512.6%
Last action
Trimmed 10.0%
2025Q3
Current $370.50
6
LPLALPL FINL HLDGS INC
Financial Services·Capital Markets
5.00%
of portfolio
Number of shares
1,872,248 sh
Holdings current value
$702.04M
Avg closing price
$229.03
+38.6%
Last action
Trimmed 8.8%
2025Q4
Current $317.41
7
KKRKKR & CO INC
Financial Services·Asset Management
4.94%
of portfolio
Number of shares
5,221,769 sh
Holdings current value
$694.65M
Avg closing price
$82.46
+25.6%
Last action
Added 21.4%
2025Q4
Current $103.60
8
COFCAPITAL ONE FINL CORP
Financial Services·Credit Services
4.66%
of portfolio
Number of shares
3,080,633 sh
Holdings current value
$655.44M
Avg closing price
$62.59
+229.9%
Last action
Trimmed 8.2%
2025Q4
Current $206.47
9
INTUINTUIT
Technology·Software - Application
4.33%
of portfolio
Number of shares
771,666 sh
Holdings current value
$607.79M
Avg closing price
$626.35
-37.2%
Last action
Exited
2025Q3
Current $393.25
10
CVNACARVANA CO
Consumer Cyclical·Auto & Truck Dealerships
4.23%
of portfolio
Number of shares
1,765,291 sh
Holdings current value
$594.83M
Avg closing price
$182.26
+112.6%
Last action
Added 0.8%
2025Q4
Current $387.53
11
G3643J108FLUTTER ENTMT PLC
3.79%
of portfolio
Number of shares
1,862,764 sh
Holdings current value
$532.30M
Avg closing price
$253.34
Last action
Exited
2025Q4
Current —
12
UNHUNITEDHEALTH GROUP INC
Healthcare·Healthcare Plans
3.76%
of portfolio
Number of shares
1,693,347 sh
Holdings current value
$528.27M
Avg closing price
$313.88
+3.4%
Last action
Exited
2025Q3
Current $324.63
13
SBUXSTARBUCKS CORP
Consumer Cyclical·Restaurants
3.63%
of portfolio
Number of shares
5,561,954 sh
Holdings current value
$509.64M
Avg closing price
$95.21
+5.0%
Last action
Exited
2025Q4
Current $100.00
14
CRMSALESFORCE COM INC
Technology·Software - Application
3.62%
of portfolio
Number of shares
1,863,179 sh
Holdings current value
$508.07M
Avg closing price
$203.32
-10.4%
Last action
Exited
2025Q3
Current $182.14
15
PMPHILIP MORRIS INTL INC
Consumer Defensive·Tobacco
3.57%
of portfolio
Number of shares
2,757,694 sh
Holdings current value
$502.26M
Avg closing price
$125.75
+25.5%
Last action
Trimmed 41.7%
2025Q4
Current $157.79
16
ASMLASML HOLDING N V
Technology·Semiconductor Equipment & Materials
3.23%
of portfolio
Number of shares
566,862 sh
Holdings current value
$454.28M
Avg closing price
$735.37
+98.5%
Last action
New holding
2025Q4
Current $1460
17
APPAPPLOVIN CORP
Communication Services·Advertising Agencies
3.14%
of portfolio
Number of shares
1,261,334 sh
Holdings current value
$441.57M
Avg closing price
$132.35
+260.6%
Last action
Trimmed 20.7%
2025Q4
Current $477.20
18
EQTEQT CORP
Energy·Oil & Gas E&P
3.12%
of portfolio
Number of shares
7,518,227 sh
Holdings current value
$438.46M
Avg closing price
$40.95
+42.8%
Last action
Exited
2025Q4
Current $58.48
19
BNBROOKFIELD CORP
Financial Services·Asset Management
2.47%
of portfolio
Number of shares
5,621,385 sh
Holdings current value
$347.68M
Avg closing price
$58.02
-19.7%
Last action
Added
2025Q4
Current $46.59
20
BKNGBOOKING HOLDINGS INC
Consumer Cyclical·Travel Services
2.47%
of portfolio
Number of shares
59,972 sh
Holdings current value
$347.19M
Avg closing price
$1826
-89.5%
Last action
Trimmed 30.7%
2025Q4
Current $192.01
21
M98068105WIX COM LTD
2.44%
of portfolio
Number of shares
2,161,331 sh
Holdings current value
$342.48M
Avg closing price
$158.46
Last action
Exited
2025Q3
Current —
22
TLNTALEN ENERGY CORP
Utilities·Utilities - Independent Power Producers
2.25%
of portfolio
Number of shares
1,089,380 sh
Holdings current value
$316.76M
Avg closing price
$217.36
+68.1%
Last action
Added 10.1%
2025Q4
Current $365.35

Portfolio heatmap

Box size = % of portfolio · color = return since filing
VST
8.92% · -15.7%
META
8.75% · -6.7%
AMZN
7.86% · +14.2%
MSFT
6.57% · -15.0%
TSM
5.54% · +63.6%
LPLA
5.00% · -15.4%
KKR
4.94% · -22.1%
COF
4.66% · -3.0%
INTU
4.33% · -50.1%
CVNA
4.23% · +15.0%
FLUTTER ENTMT PLC
3.79%
UNH
3.76% · +4.1%
SBUX
3.63% · +9.1%
CRM
3.62% · -33.2%
PM
3.57% · -13.4%
ASML
3.23% · +82.2%
APP
3.14% · +36.3%
EQT
3.12% · +0.3%
BN
2.47% · -24.7%
BKNG
2.47% · -96.7%
WIX COM LTD
2.44%
TLN
2.25% · +25.6%

Sector exposure

Share of dollar value across the latest reported portfolio. Unclassified positions excluded.
  • Technology5 pos$3.27B25.3%
  • Consumer Cyclical4 pos$2.56B19.8%
  • Financial Services4 pos$2.40B18.6%
  • Communication Services2 pos$1.67B12.9%
  • Utilities2 pos$1.57B12.1%
  • Healthcare1 pos$528.3M4.1%
  • Consumer Defensive1 pos$502.3M3.9%
  • Energy1 pos$438.5M3.4%
(6.3% unclassified, excluded from %)