Lone Pine Capital
13F Holdings and Portfolio Analysis
Stephen Mandel 2025 Q2 13F holdings, quarterly changes, portfolio value trend and position weight distribution.
Lone Pine Capital Overview
Lone Pine Capital held 22 stocks in 2025 Q2, with total market value around $14.05B.
Lone Pine Capital's top five holdings in 2025 Q2: VISTRA CORP COM(VST) 8.92%, Meta Platforms, Inc.(META) 8.75%, Amazon.com, Inc.(AMZN) 7.86%, MICROSOFT CORP COM(MSFT) 6.57%, TAIWAN SEMICONDUCTOR MFG LTD(TSM) 5.54%.
- Portfolio Value
- $14.05B
- Current Holdings
- 22 stocks
- New / Increased
- 5 / 5
- Reduced / Exited
- 11 / 5
Current Holdings
| 1 | VISTRA CORP COMVST | 1.25 | 8.92% | 6.47 +40.50% | $193.81 | $153.83 -20.63% | $106.16 | +1.86 | 1.50 | +$0.31B+44.90% | Increased |
| 2 | Meta Platforms, Inc.META | 1.23 | 8.75% | 1.67 -5.29% | $738.09 | $612.96 -16.95% | $388.22 | -0.09 | 2.00 | +$0.37B+57.89% | Reduced |
| 3 | Amazon.com, Inc.AMZN | 1.10 | 7.86% | 5.03 +15.64% | $219.39 | $264.24 +20.44% | $207.33 | +0.68 | 7.75 | +$0.29B+27.45% | Increased |
| 4 | MICROSOFT CORP COMMSFT | 0.92 | 6.57% | 1.85 -5.38% | $497.41 | $460.25 -7.47% | $252.33 | -0.11 | 8.25 | +$0.39B+82.40% | Reduced |
| 5 | TAIWAN SEMICONDUCTOR MFG LTDTSM | 0.78 | 5.54% | 3.44 -11.11% | $226.49 | $439.48 +94.04% | $97.63 | -0.43 | 3.50 | +$1.17B+350.14% | Reduced |
| 6 | Carvana Co.CVNA | 0.72 | 5.15% | 2.15 -20.35% | $336.96 | $69.80 -79.29% | $209.08 | -0.55 | 0.50 | -$0.30B-66.62% | Reduced |
| 7 | LPL FINL HLDGS INC COMLPLA | 0.70 | 5.00% | 1.87 +6.14% | $374.97 | $282.50 -24.66% | $207.80 | +0.11 | 3.25 | +$0.14B+35.95% | Increased |
| 8 | KKR & CO INC COMKKR | 0.69 | 4.94% | 5.22 +9.61% | $133.03 | $90.55 -31.94% | $96.71 | +0.46 | 2.50 | -$0.03B-6.37% | Increased |
| 9 | CAPITAL ONE FINL CORP COMCOF | 0.66 | 4.66% | 3.08 -3.01% | $212.76 | $183.86 -13.58% | $178.32 | -0.10 | 0.75 | +$0.02B+3.11% | Reduced |
| 10 | INTUIT COMINTU | 0.61 | 4.33% | 0.77 -45.03% | $787.63 | $361.49 -54.10% | $626.35 | -0.63 | 1.75 | -$0.20B-42.29% | Reduced |
| 11 | AppLovin CorporationAPP | 0.55 | 3.93% | 1.58 -17.42% | $350.08 | $570.99 +63.10% | $154.27 | -0.33 | 1.50 | +$0.66B+270.13% | Reduced |
| 12 | FLUTTER ENTMT PLC SHSFLUT | 0.53 | 3.79% | 1.86 -16.09% | $285.76 | $100.72 -64.75% | $253.34 | -0.36 | 0.75 | -$0.28B-60.24% | Reduced |
| 13 | UNITEDHEALTH GROUP INC COMUNH | 0.53 | 3.76% | 1.69 | $311.97 | $380.10 +21.84% | $311.97 | +1.69 | 0.25 | +$0.12B+21.84% | New |
| 14 | Starbucks CorporationSBUX | 0.51 | 3.63% | 5.56 -15.83% | $91.63 | - | $95.21 | -1.05 | 1.00 | -$0.02B-3.76% | Reduced |
| 15 | Salesforce, Inc.CRM | 0.51 | 3.62% | 1.86 +7.59% | $272.69 | $210.90 -22.66% | $387.86 | +0.13 | 1.00 | -$0.33B-45.62% | Increased |
| 16 | PHILIP MORRIS INTL INC COMPM | 0.50 | 3.57% | 2.76 -8.34% | $182.13 | $176.08 -3.32% | $266.48 | -0.25 | 1.75 | -$0.25B-33.92% | Reduced |
| 17 | ASML Holding N.V.ASML | 0.45 | 3.23% | 0.57 -2.67% | $801.39 | $1611.63 +101.10% | $712.85 | -0.02 | 2.75 | +$0.51B+126.08% | Reduced |
| 18 | EQT CORP COMEQT | 0.44 | 3.12% | 7.52 | $58.32 | $54.93 -5.81% | $58.32 | +7.52 | 0.25 | -$0.03B-5.81% | New |
| 19 | BROOKFIELD CORP CL A LTD VT SHBN | 0.35 | 2.47% | 5.62 | $61.85 | $43.88 -29.05% | $61.85 | +5.62 | 0.25 | -$0.10B-29.05% | New |
| 20 | Booking Holdings Inc.BKNG | 0.35 | 2.47% | 0.06 | $5789.24 | $167.14 -97.11% | $5789.24 | +0.06 | 0.25 | -$0.34B-97.11% | New |
| 21 | WIX COM LTD SHSWIX | 0.34 | 2.44% | 2.16 | $158.46 | $56.06 -64.62% | $158.46 | +2.16 | 0.25 | -$0.22B-64.62% | New |
| 22 | TALEN ENERGY CORP COMTLN | 0.32 | 2.25% | 1.09 - | $290.77 | $379.64 +30.56% | $183.21 | 0.00 | 1.00 | +$0.21B+107.21% | Held |
Showing 1-22 of 22
"Holding Period (yrs)" is the latest uninterrupted holding duration, calculated by dividing continuous reported quarters by 4.
Cost basis is an estimate and can differ materially from the actual cost, especially in edge cases.
Cost basis estimate: from the latest uninterrupted holding period, new or increased shares are added to the cost pool at the report price; reductions remove shares at the then-average cost. Example: buy 100 shares at $10 in Q1 and add 50 shares at $16 in Q2, estimated cost basis is (100 x 10 + 50 x 16) / 150 = $12 per share.
Return shows estimated dollar return on top and percentage return below. It uses current price when available, otherwise report price.
Exited Holdings
Stocks no longer disclosed in the current 13F portfolio for 2025 Q2.
| 1 | Eli Lilly and CompanyLLY | 0.55 | 0.50 | $772.00 | $779.53 | +$0.00B+0.98% |
| 2 | TOLL BROTHERS INC COMMONTOL | 3.80 | 0.25 | $105.59 | $114.13 | +$0.03B+8.09% |
| 3 | Cadence Design Systems, Inc.CDNS | 1.22 | 0.25 | $254.33 | $308.15 | +$0.07B+21.16% |
| 4 | ARES MANAGEMENT CORPORATION CL A COM STKARES | 1.60 | 1.00 | $138.53 | $173.20 | +$0.06B+25.03% |
| 5 | WINGSTOP INC COMWING | 0.45 | 0.25 | $225.58 | $225.58 | $0.00B0.00% |
Showing 1-5 of 5
Exited holdings are stocks disclosed in the previous report period but no longer disclosed in the current 13F portfolio.
"Holding Period (yrs)" is the latest uninterrupted holding duration, calculated by dividing continuous reported quarters by 4.
Cost basis uses the same weighted cost-pool method as current holdings. Estimated exit price uses the current report period weighted report price when available, otherwise the previous report price; it does not represent the actual sale price.
Exit return shows estimated dollar return on top and percentage return below.
Portfolio Visuals
Track portfolio value, position weights and Top 10 history.