Steve Mandel

Lone Pine Capital

Steve Mandel is the founder and managing partner of Lone Pine Capital, an American hedge fund based in Greenwich, Connecticut. Known for his value-oriented investment philosophy, Mandel has built a reputation for successfully navigating complex market environments. His firm focuses on long/short equity strategies and has established a diverse portfolio across various sectors, emphasizing technology and consumer cyclicals. Lone Pine Capital operates with a global outlook, maintaining offices in major financial hubs including New York City, London, and San Francisco. The firm employs a research-driven approach to identify undervalued companies and capitalize on market inefficiencies. With a strong emphasis on fundamental analysis, Mandel and his team aim to deliver consistent returns while managing risk effectively. Recent disclosures reveal a dynamic trading pattern, with significant position adjustments between February 14, 2025, and May 15, 2026. The firm has executed a total of 200 disclosures, reflecting a mix of position increases and reductions, with the largest disclosed move being an exit from Meta valued at approximately $971 million. The portfolio prominently features technology stocks, including Microsoft Corp and Amazon.com, highlighting the firm's strategic focus in this sector.

History Trades

CompanyValueActionChangePriceLast Price
APPLOVIN CORPAPP$42.0MAddQ4 2024 13F$42M$252.97$427.01
PTC Inc. - Common StockPTC$-32.6MTrimQ4 2024 13F$33M$189.60$123.61
Howmet Aerospace Inc.HWM$27.9MAddQ4 2024 13F$28M$109.51$272.99
Ares Management CorpARES$-22.9MTrimQ4 2024 13F$23M$170.62$120.60
Microsoft CorpMSFT$-21.3MTrimQ4 2024 13F$21M$425.95$395.63
Bitdeer Technologies GroupBTDR$11.2MAddQ4 2024 13F$11M--$11.24
Taiwan Semiconductor Manufacturing Co LtdTSM$11.0MAddQ4 2024 13F$11M$193.53$424.61
Cipher Mining Inc.CIFR$10.9MOtherQ4 2024 13F$11M--$17.72
KKR & Co IncKKR$8.2MAddQ4 2024 13F$8M$146.72$102.75
Workday IncWDAY$6.1MAddQ4 2024 13F$6M$255.47$147.18
TeraWulf Inc.WULF$-6.0MTrimQ4 2024 13F$6M$6.45$19.37
IREN LimitedIREN$982.3KAddQ4 2024 13F$982k$9.82$38.28
Steve Mandel (Lone Pine Capital) trim Unmapped 13F securityPORTFOLIO$14M692.8k sharesTrimQ4 2024 13F$917k$20.49--
Salesforce, Inc. Common StockCRM$639.9MOtherQ3 2024 13F$640M$256.15$172.68
Lennar CorporationLEN$548.9MOtherQ3 2024 13F$549M$173.06$85.29
Mastercard IncMA$-460.4MExitQ3 2024 13F$460M$465.04$551.54
Bath & Body Works IncBBWI$-441.9MExitQ3 2024 13F$442M$33.16$21.12
Starbucks CorpSBUX$395M4.1M sharesOtherQ3 2024 13F$395M$85.80$104.52
Workday IncWDAY$392.1MOtherQ3 2024 13F$392M$236.18$147.18
Meta Platforms, Inc.META$1B1.9M sharesAddQ3 2024 13F$380M$514.55$681.31
McKesson CorpMCK$-327.6MExitQ3 2024 13F$328M$556.84$834.36
Taiwan Semiconductor Manufacturing Co LtdTSM$-311.6MTrimQ3 2024 13F$312M$170.40$424.61
CONSTELLATION ENE CORPCEG$301.1MAddQ3 2024 13F$301M--$254.71
Vistra CorpVST$218.9MAddQ3 2024 13F$219M$84.87$157.23
Microsoft CorpMSFT$-190.4MTrimQ3 2024 13F$190M$427.47$395.63
APPLOVIN CORPAPP$-165.2MTrimQ3 2024 13F$165M$91.24$427.01
Amazon.com IncAMZN$1B5.5M sharesAddQ3 2024 13F$162M$182.46$254.96
Talen Energy CorporationTLN$152.6MOtherQ3 2024 13F$153M$178.24$366.14
ASML Holding NVASML$-141.9MTrimQ3 2024 13F$142M$894.00$1,732.94
Philip Morris International IncPM$-132.0MTrimQ3 2024 13F$132M$116.19$192.12
Ares Management CorpARES$109.9MAddQ3 2024 13F$110M$145.09$120.60
Booking Holdings IncBKNG$-94.8MTrimQ3 2024 13F$95M$153.40$179.83
KKR & Co IncKKR$-81.4MTrimQ3 2024 13F$81M$118.32$102.75
AvidXchange Holdings, Inc.AVDX$-61.2MExitQ3 2024 13F$61M--$10.00
Spotify Technology S.ASPOT$42.7MAddQ3 2024 13F$43M$332.48$489.56
GE VERNOVA INCGEV$41.4MAddQ3 2024 13F$41M$192.02$1,072.80
LPL Financial Holdings IncLPLA$36.5MAddQ3 2024 13F$37M$225.33$327.78
Howmet Aerospace Inc.HWM$22.4MAddQ3 2024 13F$22M$90.29$272.99
Intuit IncINTU$-20.9MTrimQ3 2024 13F$21M$638.32$289.92
Block, Inc.XYZ$20.3MAddQ3 2024 13F$20M$67.13$80.38
Steve Mandel (Lone Pine Capital) other Unmapped 13F securityPORTFOLIO$15M1.2M sharesOtherQ3 2024 13F$15M$12.26--
TeraWulf Inc.WULF$14.4MOtherQ3 2024 13F$14M$4.54$19.37
Bitdeer Technologies GroupBTDR$10.2MOtherQ3 2024 13F$10M--$11.24
IREN LimitedIREN$6.0MOtherQ3 2024 13F$6M--$38.28
PTC Inc. - Common StockPTC$-2.6MTrimQ3 2024 13F$3M$175.74$123.61
Unitedhealth Group IncUNH$-366.1KTrimQ3 2024 13F$366k$565.61$418.52
Salesforce, Inc. Common StockCRM$-722.9MExitQ2 2024 13F$723M$267.58$172.68
Unitedhealth Group IncUNH$480.9MOtherQ2 2024 13F$481M$490.13$418.52
Workday IncWDAY$-385.9MExitQ2 2024 13F$386M$240.75$147.18
Live Nation Entertainment, Inc.LYV$-340.3MExitQ2 2024 13F$340M$94.54$182.31
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