Stephen Mandel - Lone Pine Capital Portfolio Balances (Dec 31, 2025)

As of Dec 31, 2025, the Lone Pine Capital portfolio balances reported a total equity value of $13.61B across 32 publicly traded holdings. These balances reflect the most recent SEC 13F filing dated Feb 17, 2026, providing an updated snapshot of assets under management.

The portfolio balances highlight TAIWAN SEMICONDUCTOR MFG LTD (TSM) as the single largest position, accounting for 6.8% of total equity value, followed by VISTRA CORP (VST), CARVANA CO (CVNA), LPL FINL HLDGS INC (LPLA), and others. Collectively, the top five holdings represent 29.3% of the portfolio, showing how capital is distributed among core positions and long-term investments.