Stephen Mandel - Lone Pine Capital Portfolio Holdings (Jun 30, 2025)

As of Jun 30, 2025, the Lone Pine Capital portfolio holdings is valued at approximately $13.81B, featuring 22 publicly traded holdings. This in-depth profile highlights the top investments led by VISTRA CORP (VST), META PLATFORMS INC (META), AMAZON COM INC (AMZN), MICROSOFT CORP (MSFT), TAIWAN SEMICONDUCTOR MFG LTD (TSM), and others based on the company's latest SEC filings reported on Aug 14, 2025. Explore insights into portfolio composition, sector allocation, and recent trade activity.

Lone Pine Capital’s stock portfolio spans 22 holdings across 9 different sectors, with a total market value of $13.81B. The Technology sector represents the largest allocation, while the top holdings account for nearly 38% of the total portfolio value. VISTRA CORP remains single largest position at 9.1% of all equity investments.

Balances

Trends by sector

Investment Adjustments from Previous Filing

Lone Pine Capital Holdings

Symbol	Company	Portfolio %	Price	Quantity	Change Qty	Change Value	% Change	Total Value
VST VISTRA CORP	VISTRA CORP	9.08%	$193.81	6,469,719	1,864,931	$361,442,277	40.50%	$1,253,896,239
META META PLATFORMS INC	META PLATFORMS INC	8.90%	$738.09	1,665,017	-93,045	-$68,675,584	-5.29%	$1,228,932,398
AMZN AMAZON COM INC	AMAZON COM INC	8.00%	$219.39	5,033,556	680,816	$149,364,222	15.64%	$1,104,311,851
MSFT MICROSOFT CORP	MICROSOFT CORP	6.68%	$497.41	1,854,856	-105,472	-$52,462,828	-5.38%	$922,623,923
TSM TAIWAN SEMICONDUCTOR MFG LTD	TAIWAN SEMICONDUCTOR MFG LTD	5.63%	$226.49	3,435,920	-429,461	-$97,268,622	-11.11%	$778,201,521
LPLA LPL FINL HLDGS INC	LPL FINL HLDGS INC	5.08%	$374.97	1,872,248	108,233	$40,584,128	6.14%	$702,036,833
KKR KKR & CO INC	KKR & CO INC	5.03%	$133.03	5,221,769	457,998	$60,927,474	9.61%	$694,651,930
COF CAPITAL ONE FINL CORP	CAPITAL ONE FINL CORP	4.75%	$212.76	3,080,633	-95,510	-$20,320,708	-3.01%	$655,435,477
INTU INTUIT	INTUIT	4.40%	$787.63	771,666	-632,136	-$497,889,278	-45.03%	$607,787,292
CVNA CARVANA CO	CARVANA CO	4.31%	$336.96	1,765,291	-548,877	-$184,949,594	-23.72%	$594,832,455
FLUT FLUTTER ENTMT PLC	FLUTTER ENTMT PLC	3.85%	$285.76	1,862,764	-357,132	-$102,054,040	-16.09%	$532,303,441
UNH UNITEDHEALTH GROUP INC	UNITEDHEALTH GROUP INC	3.82%	$311.97	1,693,347	871,467	$271,871,560	106.03%	$528,273,464
SBUX STARBUCKS CORP	STARBUCKS CORP	3.69%	$91.63	5,561,954	-1,045,934	-$95,838,932	-15.83%	$509,641,845
CRM SALESFORCE INC	SALESFORCE INC	3.68%	$272.69	1,863,179	131,499	$35,858,462	7.59%	$508,070,282
PM PHILIP MORRIS INTL INC	PHILIP MORRIS INTL INC	3.64%	$182.13	2,757,694	-250,848	-$45,686,946	-8.34%	$502,258,808
ASML ASML HOLDING N V	ASML HOLDING N V	3.29%	$801.39	566,862	-15,565	-$12,473,635	-2.67%	$454,277,538
APP APPLOVIN CORP	APPLOVIN CORP	3.20%	$350.08	1,261,334	-332,594	-$116,434,508	-20.87%	$441,567,807
EQT EQT CORP	EQT CORP	3.17%	$58.32	7,518,227	1,582,445	$92,288,192	26.66%	$438,462,999
BN BROOKFIELD CORP	BROOKFIELD CORP	2.52%	$61.85	5,621,385	5,621,385	$347,682,662	100.00%	$347,682,662
BKNG BOOKING HOLDINGS INC	BOOKING HOLDINGS INC	2.51%	$5789.24	59,972	-16,442	-$95,186,684	-21.52%	$347,192,301
WIX WIX COM LTD	WIX COM LTD	2.48%	$158.46	2,161,331	2,161,331	$342,484,510	100.00%	$342,484,510
TLN TALEN ENERGY CORP	TALEN ENERGY CORP	2.29%	$290.77	1,089,380	-	-	-	$316,759,023