Stephen Mandel's Lone Pine Capital Portfolio Shows Significant Shifts in Q1 2026
Stephen Mandel's portfolio at Lone Pine Capital experienced notable changes in Q1 2026, marked by substantial increases in positions like APP and Nu Holdings, alongside minor adjustments in others.
As of March 31, 2026, Stephen Mandel's portfolio at Lone Pine Capital, valued at approximately $12.02 billion, displayed significant quarterly trends. The analysis of top holdings reveals notable shifts in allocation, with major increases in certain stocks and minor adjustments in others.
Among the most striking changes was a substantial increase in holdings of APPLOVIN CORP (APP). The number of shares rose by 87.68%, representing one of the largest percentage increases in the portfolio. Similarly, NU HLDGS LTD (G6683N103) saw a significant 28.29% jump in shares, making it another key mover for the quarter.
Other notable increases included CARPENTER TECHNOLOGY CORP (CRS) with a 38.46% share growth, TALEN ENERGY CORP (TLN) at 40.65%, TERADYNE INC (TER) doubling its position (100.0% increase), and CORNING INC (GLW) also doubling its stake (100.0% increase).
Conversely, there were minor decreases. LPL FINL HLDGS INC (LPLA) experienced a slight reduction of 1.2% in its position, while CARVANA CO (CVNA) saw a small decrease of 1.38%.
Several other top holdings, including VISTRA CORP (VST), ASML HLDG NV (ASML), and LPL FINL HLDGS INC (LPLA), maintained relatively stable share counts or showed smaller changes, contributing to the overall portfolio structure.
For a complete view of Stephen Mandel's investment profile, visit his profile on Insiderset: https://www.insiderset.com/investor/stephen-mandel-lone-pine-capital. Detailed information on each stock holding, such as VISTRA CORP (VST), can be found at https://www.insiderset.com/investors/stocks/VST.