SM
Stephen Mandel
Lone Pine Capital13F filer
Quality growth long/short (Tiger Cub) — as the firm describes itselfPortfolio as of Jun 30, 2026Filed Aug 14, 2026
Quarter ended Jun 30, 2026, from the 13F filed Aug 14, 2026Changes are against the quarter ended Mar 31, 2026U.S.-listed shares only — no bonds, cash, shorts or foreign listings
Portfolio value
$16.36B
As reported, at quarter-end prices
Positions
34
U.S.-listed companies held
13 new · 15 exited this quarter
Concentration
54%in the top 10
Weight held in the ten largest positions
This quarter
8added · 13trimmed
Positions resized since the prior quarter
What changed this quarter
See which positions were opened, increased, reduced or closed—and how large those positions are now.
32 of 49 reported changes are available in this view.
| Company | Reported move | Change in shares | Portfolio weight now |
|---|---|---|---|
NEBIUS GROUP N VNBIS | New position | Not held in prior quarter | 7.19% |
| New position | Not held in prior quarter | 5.90% | |
| New position | Not held in prior quarter | 5.61% | |
| New position | Not held in prior quarter | 5.34% | |
LINDE PLCLIN | New position | Not held in prior quarter | 4.94% |
| New position | Not held in prior quarter | 3.13% | |
| New position | Not held in prior quarter | 3.13% | |
ON HLDG AGONON | New position | Not held in prior quarter | 2.88% |
VISTRA CORPVST | Sold out | Position closed | No longer held |
TALEN ENERGY CORP COMTLN | Sold out | Position closed | No longer held |
Showing 1–10 of 49 changes · Share classes count separatelyBars: square-root scale · Percentages shown · — unavailable
Changes compare reported share counts at quarter-end. The filing does not tell us when trades happened or why the investor made them.
Portfolio
| Ticker | Issuer | % of portfolio | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NBIS | NEBIUS GROUP N V· CLASS A ORDINARY SHARESNEW | 7.19% | $276.17 | $1.18B | 4.3M |
| — | ASML HOLDING N V· N Y REGISTRY SHS 2012DECREASED -13.1% | 6.92% | $1,989.44 | $1.13B | 569.2K |
| STX | SEAGATE TECHNOLOGY HOLDINGS· PLC ORDINARY SHARESNEW | 5.90% | $965.00 | $965.11M | 1.0M |
| HD | HOME DEPOT INCNEW | 5.61% | $352.68 | $918.09M | 2.6M |
| AMAT | APPLIED MATLS INCNEW | 5.34% | $723.00 | $873.19M | 1.2M |
| MDLN | MEDLINE INC· COM CL AINCREASED +77.9% | 5.06% | $39.44 | $826.99M | 21.0M |
| LIN | LINDE PLCNEW | 4.94% | $518.94 | $808.55M | 1.6M |
| TER | TERADYNE INCDECREASED -20.3% | 4.42% | $483.84 | $722.41M | 1.5M |
| GLW | CORNING INCDECREASED -26.6% | 4.26% | $255.43 | $696.83M | 2.7M |
| CVNA | CARVANA CO· CL AINCREASED +499.6% | 4.23% | $65.82 | $692.47M | 10.5M |
Showing 1–10 of 34 · the top 10 are 53.9% of the reported portfolioEach row opens the company · how we read 13F filings
Reported price is this manager's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what they paid. 13F reports no cost basis.
All 34 positions, with reported prices and share counts, open with a free account.
Connected research
Follow this portfolio through time.
Compare reported holdings across quarters and explore the businesses behind them with your connected AI:
- “What has Stephen Mandel been buying over the last year, quarter by quarter?”
- “Which of my funds already hold what Lone Pine Capital holds — and how much overlap is that?”
- “Which other superinvestors moved the same way this quarter?”
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