Lone Pine Capital
13F Holdings and Portfolio Analysis
Stephen Mandel 2026 Q1 13F holdings, quarterly changes, portfolio value trend and position weight distribution.
Lone Pine Capital Overview
Lone Pine Capital held 36 stocks in 2026 Q1, with total market value around $12.54B.
Lone Pine Capital's top five holdings in 2026 Q1: VISTRA CORP COM(VST) 7.42%, ASML Holding N.V.(ASML) 6.90%, CARPENTER TECHNOLOGY CORP COM(CRS) 5.71%, LPL FINL HLDGS INC COM(LPLA) 4.92%, AppLovin Corporation(APP) 4.65%.
- Portfolio Value
- $12.54B
- Current Holdings
- 36 stocks
- New / Increased
- 11 / 14
- Reduced / Exited
- 11 / 7
Current Holdings
| 1 | VISTRA CORP COMVST | 0.93 | 7.42% | 6.19 +18.72% | $150.33 | $153.83 +2.33% | $117.70 | +0.98 | 2.25 | +$0.22B+30.70% | Increased |
| 2 | ASML Holding N.V.ASML | 0.87 | 6.90% | 0.66 +8.29% | $1320.83 | $1611.63 +22.02% | $1089.06 | +0.05 | 0.50 | +$0.34B+47.98% | Increased |
| 3 | CARPENTER TECHNOLOGY CORP COMCRS | 0.72 | 5.71% | 1.82 +38.46% | $394.15 | $486.91 +23.53% | $336.87 | +0.51 | 0.50 | +$0.27B+44.54% | Increased |
| 4 | LPL FINL HLDGS INC COMLPLA | 0.62 | 4.92% | 2.05 -1.20% | $300.83 | $282.50 -6.09% | $229.03 | -0.02 | 4.00 | +$0.11B+23.35% | Reduced |
| 5 | AppLovin CorporationAPP | 0.58 | 4.65% | 1.46 +87.68% | $398.00 | $570.99 +43.46% | $128.40 | +0.68 | 2.25 | +$0.65B+344.68% | Increased |
| 6 | TALEN ENERGY CORP COMTLN | 0.58 | 4.63% | 1.82 +40.65% | $319.23 | $379.64 +18.92% | $144.91 | +0.53 | 1.75 | +$0.43B+161.99% | Increased |
| 7 | TERADYNE INC COMTER | 0.56 | 4.43% | 1.87 | $296.46 | $409.43 +38.11% | $296.46 | +1.87 | 0.25 | +$0.21B+38.11% | New |
| 8 | Carvana Co.CVNA | 0.55 | 4.40% | 1.75 -1.38% | $314.38 | $69.80 -77.80% | $210.76 | -0.02 | 1.25 | -$0.25B-66.88% | Reduced |
| 9 | NU HLDGS LTD ORD SHS CL ANU | 0.55 | 4.35% | 38.01 +28.29% | $14.37 | $11.64 -19.00% | $15.73 | +8.38 | 0.75 | -$0.16B-26.01% | Increased |
| 10 | MEDLINE INC-CL AMDLN | 0.52 | 4.18% | 11.79 +0.62% | $44.50 | - | $42.02 | +0.07 | 0.50 | +$0.03B+5.91% | Increased |
| 11 | CORNING INC COMGLW | 0.51 | 4.03% | 3.72 | $135.97 | $200.76 +47.65% | $135.97 | +3.72 | 0.25 | +$0.24B+47.65% | New |
| 12 | CLEAN HARBORS INC COMCLH | 0.50 | 4.01% | 1.75 +27.34% | $286.73 | $286.86 +0.05% | $245.70 | +0.38 | 0.50 | +$0.07B+16.75% | Increased |
| 13 | MASTEC INC COMMTZ | 0.49 | 3.93% | 1.53 | $321.74 | $369.86 +14.96% | $321.74 | +1.53 | 0.25 | +$0.07B+14.96% | New |
| 14 | TAIWAN SEMICONDUCTOR MFG LTDTSM | 0.47 | 3.74% | 1.39 -54.48% | $337.95 | $439.48 +30.04% | $97.63 | -1.66 | 4.25 | +$0.48B+350.14% | Reduced |
| 15 | BROOKFIELD CORP CL A LTD VT SHBN | 0.45 | 3.62% | 11.21 -29.61% | $40.47 | $43.88 +8.43% | $43.35 | -4.71 | 1.00 | +$0.01B+1.22% | Reduced |
| 16 | TENET HEALTHCARE CORP COM NEWTHC | 0.43 | 3.40% | 2.26 +26.37% | $188.71 | - | $196.63 | +0.47 | 0.50 | -$0.02B-4.03% | Increased |
| 17 | CAPITAL ONE FINL CORP COMCOF | 0.41 | 3.30% | 2.27 -1.21% | $182.43 | $183.86 +0.78% | $178.32 | -0.03 | 1.50 | +$0.01B+3.11% | Reduced |
| 18 | ENTEGRIS INC COMMON STOCKENTG | 0.37 | 2.91% | 3.12 +1.99% | $117.24 | - | $84.89 | +0.06 | 0.50 | +$0.10B+38.10% | Increased |
| 19 | US FOODS HLDG CORP COMUSFD | 0.35 | 2.79% | 3.80 | $92.21 | $81.85 -11.24% | $92.21 | +3.80 | 0.25 | -$0.04B-11.24% | New |
| 20 | PERFORMANCE FOOD GROUP CO COMPFGC | 0.34 | 2.72% | 3.98 | $85.66 | $98.19 +14.63% | $85.66 | +3.98 | 0.25 | +$0.05B+14.63% | New |
| 21 | MCKESSON CORP COMMCK | 0.34 | 2.71% | 0.39 | $865.36 | $742.44 -14.20% | $865.36 | +0.39 | 0.25 | -$0.05B-14.20% | New |
| 22 | CIENA CORP COM NEWCIEN | 0.31 | 2.51% | 0.81 | $388.23 | $580.23 +49.46% | $388.23 | +0.81 | 0.25 | +$0.16B+49.46% | New |
| 23 | TERAWULF INC COMWULF | 0.29 | 2.29% | 19.92 | $14.43 | $25.56 +77.13% | $14.43 | +19.92 | 0.25 | +$0.22B+77.13% | New |
| 24 | HUT 8 CORP COMHUT | 0.29 | 2.27% | 6.08 | $46.91 | $124.83 +166.11% | $46.91 | +6.08 | 0.25 | +$0.47B+166.11% | New |
| 25 | ARGAN INC COMAGX | 0.21 | 1.71% | 0.39 | $544.65 | $667.02 +22.47% | $544.65 | +0.39 | 0.25 | +$0.05B+22.47% | New |
Showing 1-25 of 36
"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 2026 Q1.
| 1 | Broadcom Inc.AVGO | 1.73 | 0.50 | $331.60 | $309.51 | -$0.04B-6.66% |
| 2 | MICROSOFT CORP COMMSFT | 1.23 | 8.75 | $257.11 | $370.17 | +$0.14B+43.97% |
| 3 | DoorDash, Inc.DASH | 2.53 | 0.25 | $226.48 | $150.15 | -$0.19B-33.70% |
| 4 | Amazon.com, Inc.AMZN | 2.41 | 8.25 | $207.33 | $208.27 | +$0.00B+0.45% |
| 5 | PHILIP MORRIS INTL INC COMPM | 2.64 | 2.25 | $224.52 | $165.34 | -$0.16B-26.36% |
| 6 | WINGSTOP INC COMWING | 1.60 | 0.50 | $250.82 | $238.49 | -$0.02B-4.92% |
| 7 | AFFIRM HLDGS INC COM CL AAFRM | 3.82 | 0.25 | $74.43 | $74.43 | $0.00B0.00% |
Showing 1-7 of 7
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.