Stephen Mandel - Lone Pine Capital 13F Portfolio Holdings (Q1 2026)
As of Mar 31, 2026, the Lone Pine Capital portfolio holdings is valued at approximately $12,543,849,391.00 featuring 35 publicly traded holdings. This in-depth profile highlights the top investments led by VISTRA CORP (VST), ASML HLDG NV (ASML), CARPENTER TECHNOLOGY CORP (CRS), LPL FINL HLDGS INC (LPLA), and others based on the company's latest SEC filings reported on May 15, 2026. Explore insights into portfolio composition, sector allocation, and recent trade activity.
Lone Pine Capital's stock portfolio spans 35 holdings across 10 sectors, with a total market value of $12,543,849,391.00. The Technology sector represents the largest allocation, while the top holdings account for nearly 54% of the total portfolio value. VISTRA CORP remains the single largest position at 7.4% of all equity investments.
Complete Holdings
Showing 35 of 35 holdings.
| # | Company | Symbol | Sector | Portfolio % | Shares | Change (Shares) | Change % | Value |
|---|---|---|---|---|---|---|---|---|
| 1 | VISTRA CORP | VST | Utilities | 7.42% | 6,187,585 | +975,700 | +18.72% | $930,179,653.00 |
| 2 | ASML HLDG NV | ASML | Other | 6.90% | 655,148 | +50,131 | +8.29% | $865,339,133.00 |
| 3 | CARPENTER TECHNOLOGY CORP | CRS | Industrials | 5.71% | 1,817,940 | +505,002 | +38.46% | $716,541,051.00 |
| 4 | LPL FINL HLDGS INC | LPLA | Financial Services | 4.92% | 2,049,967 | -24,981 | -1.20% | $616,691,573.00 |
| 5 | APPLOVIN CORP | APP | Technology | 4.65% | 1,464,923 | +684,393 | +87.68% | $583,039,354.00 |
| 6 | TALEN ENERGY CORP | TLN | Other | 4.63% | 1,817,947 | +525,431 | +40.65% | $580,343,221.00 |
| 7 | TERADYNE INC | TER | Technology | 4.43% | 1,872,876 | +1,872,876 | +100.00% | $555,232,819.00 |
| 8 | CARVANA CO | CVNA | Consumer Cyclical | 4.40% | 1,754,709 | -24,619 | -1.38% | $551,645,415.00 |
| 9 | NU HLDGS LTD | G6683N103 | Other | 4.35% | 38,011,225 | +8,380,988 | +28.29% | $546,221,303.00 |
| 10 | CORNING INC | GLW | Technology | 4.03% | 3,718,147 | +3,718,147 | +100.00% | $505,556,448.00 |
| 11 | CLEAN HARBORS INC | CLH | Industrials | 4.01% | 1,754,950 | +376,825 | +27.34% | $503,196,814.00 |
| 12 | MASTEC INC | MTZ | Industrials | 3.93% | 1,531,050 | +1,531,050 | +100.00% | $492,600,027.00 |
| 13 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | Technology | 3.74% | 1,389,530 | -1,662,870 | -54.48% | $469,591,664.00 |
| 14 | BROOKFIELD CORP | BN | Financial Services | 3.62% | 11,208,969 | -4,714,391 | -29.61% | $453,626,975.00 |
| 15 | TENET HEALTHCARE CORP | THC | Healthcare | 3.40% | 2,258,717 | +471,391 | +26.37% | $426,242,485.00 |
| 16 | CAPITAL ONE FINL CORP | COF | Financial Services | 3.30% | 2,267,056 | -27,835 | -1.21% | $413,579,026.00 |
| 17 | ENTEGRIS INC | ENTG | Technology | 2.91% | 3,115,054 | +60,824 | +1.99% | $365,208,931.00 |
| 18 | US FOODS HLDG CORP | USFD | Consumer Defensive | 2.79% | 3,795,998 | +3,795,998 | +100.00% | $350,028,976.00 |
| 19 | PERFORMANCE FOOD GROUP CO | PFGC | Consumer Defensive | 2.72% | 3,978,158 | +3,978,158 | +100.00% | $340,769,014.00 |
| 20 | MCKESSON CORP | MCK | Healthcare | 2.71% | 392,224 | -168,712 | -30.08% | $339,414,961.00 |
| 21 | CIENA CORP | CIEN | Technology | 2.51% | 809,522 | -1,197,140 | -59.66% | $314,280,726.00 |
| 22 | TERAWULF INC | WULF | Financial Services | 2.29% | 19,921,430 | +18,440,502 | +1245.20% | $287,466,235.00 |
| 23 | HUT 8 CORP | HUT | Financial Services | 2.27% | 6,078,951 | +5,386,112 | +777.40% | $285,163,591.00 |
| 24 | ARGAN INC | AGX | Industrials | 1.71% | 393,134 | +393,134 | +100.00% | $214,120,433.00 |
| 25 | ALPHABET INC | GOOGL | Communication Services | 0.43% | 187,561 | -2,925,440 | -93.97% | $53,935,041.00 |
| 26 | TRANSDIGM GROUP INC | TDG | Industrials | 0.33% | 35,677 | +16,449 | +85.55% | $41,348,216.00 |
| 27 | VULCAN MATLS CO | VMC | Basic Materials | 0.31% | 144,179 | -1,539,753 | -91.44% | $39,259,942.00 |
| 28 | SPOTIFY TECHNOLOGY S A | SPOT | Other | 0.27% | 68,844 | +51,082 | +287.59% | $33,383,144.00 |
| 29 | MASTERCARD INCORPORATED | MA | Financial Services | 0.23% | 57,201 | -39,137 | -40.62% | $28,581,052.00 |
| 30 | AMPHENOL CORP | APH | Technology | 0.22% | 223,084 | -2,586,689 | -92.06% | $28,186,663.00 |
| 31 | VISA INC | V | Financial Services | 0.22% | 92,775 | +77,558 | +509.68% | $28,040,316.00 |
| 32 | HILTON WORLDWIDE HLDGS INC | HLT | Consumer Cyclical | 0.22% | 89,249 | +31,432 | +54.36% | $27,138,836.00 |
| 33 | KKR & CO INC | KKR | Financial Services | 0.13% | 179,308 | -4,821,777 | -96.41% | $16,585,990.00 |
| 34 | BOOKING HOLDINGS INC | BKNG | Consumer Cyclical | 0.08% | 2,405 | -2,225 | -48.06% | $10,125,820.00 |
| 35 | BOSTON SCIENTIFIC CORP | BSX | Healthcare | 0.05% | 104,655 | -97,048 | -48.11% | $6,567,101.00 |
Holdings by Sector
| Sector | Allocation | Value |
|---|---|---|
| Technology | 23.47% | $2,821,096,605.00 |
| Financial Services | 17.72% | $2,129,734,758.00 |
| Other | 16.85% | $2,025,286,801.00 |
| Industrials | 16.37% | $1,967,806,541.00 |
| Utilities | 7.74% | $930,179,653.00 |
| Healthcare | 6.42% | $772,224,547.00 |
| Consumer Defensive | 5.75% | $690,797,990.00 |
| Consumer Cyclical | 4.90% | $588,910,071.00 |
| Communication Services | 0.45% | $53,935,041.00 |
| Basic Materials | 0.33% | $39,259,942.00 |
Portfolio insights
As of Mar 31, 2026, the Lone Pine Capital portfolio holds 35 securities valued at $12,019,231,949.00. The Technology sector represents the largest allocation, while the top positions account for a significant portion of the total portfolio weight.