Lone Pine Capital
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Stephen Mandel's Lone Pine Capital reported 26 stock positions worth $12.7 billion. Its top holding was Meta Platforms Class A (META) at 8.2% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 6.6%) and Microsoft (MSFT, 6.4%). Compared with Q4 2023, it opened 5 new positions, sold out of 4, added to 7 and reduced 13. The biggest buy was a new position in Vistra (VST) and the biggest sale an exit from Unitedhealth (UNH).
- Most Recent 13F
- Q2 2026
- Notable People
- Stephen Mandel
- Location
- GREENWICH, CT
- CIK
- 0001061165
- Portfolio Value
- $12.7B (Q1 2024)
- SEC Filing
- 0000902664-24-003638 ↗ filed May 15, 2024
Holdings Value
Holdings 26 stocks · $12.7B
| META Meta Platforms Inc. Class A | 8.19% | 2,137,817 | $1.0B | Reduce -25.6% |
| TSM Taiwan Semiconductor-SP ADR | 6.63% | 6,172,524 | $839.8M | Reduce -11.2% |
| MSFT Microsoft Corp. | 6.41% | 1,929,918 | $812.0M | Add +6.5% |
| AMZN Amazon.com Inc. | 6.40% | 4,493,481 | $810.5M | Reduce -17.8% |
| CRM Salesforce Inc. | 5.71% | 2,400,267 | $722.9M | Reduce -4.0% |
| KKR KKR & Co. Inc. | 5.55% | 6,992,120 | $703.3M | Add +12.3% |
| PM Philip Morris International | 4.82% | 6,671,129 | $611.2M | Add +121.9% |
| INTU Intuit Inc. | 4.63% | 902,450 | $586.6M | Add +20.6% |
| XYZ Block Inc. | 4.50% | 6,735,935 | $569.7M | Add +2.0% |
| PTC PTC Inc. | 4.43% | 2,967,958 | $560.8M | Reduce -6.3% |
| BBWI Bath & Body Works Inc. | 3.86% | 9,768,116 | $488.6M | Reduce -6.5% |
| ASML ASML Holding NV-NY Reg SHS | 3.78% | 494,040 | $479.5M | Add +14.9% |
| VST Vistra Corp. | 3.52% | 6,412,881 | $446.7M | New |
| SPOT Spotify Technology SA | 3.51% | 1,687,415 | $445.3M | New |
| LPLA LPL Financial Holdings Inc. | 3.51% | 1,685,070 | $445.2M | Reduce -8.4% |
| WDAY Workday Inc. Class A | 3.05% | 1,414,824 | $385.9M | Reduce -8.6% |
| BKNG Booking Holdings Inc. | 2.99% | 104,294 | $378.4M | Reduce -31.6% |
| APP AppLovin Corp. Class A | 2.91% | 5,319,671 | $368.2M | New |
| LYV Live Nation Entertainment Inc. | 2.69% | 3,217,551 | $340.3M | Reduce -3.8% |
| MA Mastercard Inc. Class A | 2.59% | 680,424 | $327.7M | Reduce -38.2% |
| MCK McKesson Corp. | 2.38% | 560,936 | $301.1M | New |
| DKS Dick's Sporting Goods Inc. | 2.13% | 1,198,897 | $269.6M | Reduce -59.0% |
| EPAM Epam Systems Inc. | 2.03% | 929,917 | $256.8M | Add +9.4% |
| IBN Icici Bank Ltd.-Spon ADR | 2.01% | 9,642,665 | $254.7M | Reduce -19.9% |
| CEG Constellation Energy | 1.28% | 875,961 | $161.9M | New |
| AVDX Avidxchange Holdings Inc. | 0.53% | 5,080,632 | $66.8M | No change |
Portfolio Sells Q4 2023 → Q1 2024
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −4.06 |
| HDB HDFC Bank Ltd.-ADR | Sold out | 0.00% | −2.70 |
| BX Blackstone Inc. | Sold out | 0.00% | −2.51 |
| GE General Electric | Sold out | 0.00% | −2.32 |
| BKNG Booking Holdings Inc. | Reduce -31.6% | 2.99% | −1.69 |
| DKS Dick's Sporting Goods Inc. | Reduce -59.0% | 2.13% | −1.59 |
| MA Mastercard Inc. Class A | Reduce -38.2% | 2.59% | −1.48 |
| AMZN Amazon.com Inc. | Reduce -17.8% | 6.40% | −0.79 |
| WDAY Workday Inc. Class A | Reduce -8.6% | 3.05% | −0.65 |
| META Meta Platforms Inc. Class A | Reduce -25.6% | 8.19% | −0.61 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -19.9% | 2.01% | −0.47 |
| PTC PTC Inc. | Reduce -6.3% | 4.43% | −0.37 |
| LPLA LPL Financial Holdings Inc. | Reduce -8.4% | 3.51% | −0.11 |
| BBWI Bath & Body Works Inc. | Reduce -6.5% | 3.86% | −0.05 |
| LYV Live Nation Entertainment Inc. | Reduce -3.8% | 2.69% | −0.02 |
| CRM Salesforce Inc. | Reduce -4.0% | 5.71% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -11.2% | 6.63% | +0.38 |
Portfolio Buys Q4 2023 → Q1 2024
| VST Vistra Corp. | New | 3.52% | +3.52 |
| SPOT Spotify Technology SA | New | 3.51% | +3.51 |
| APP AppLovin Corp. Class A | New | 2.91% | +2.91 |
| PM Philip Morris International | Add +121.9% | 4.82% | +2.38 |
| MCK McKesson Corp. | New | 2.38% | +2.38 |
| CEG Constellation Energy | New | 1.28% | +1.28 |
| KKR KKR & Co. Inc. | Add +12.3% | 5.55% | +1.09 |
| ASML ASML Holding NV-NY Reg SHS | Add +14.9% | 3.78% | +0.97 |
| INTU Intuit Inc. | Add +20.6% | 4.63% | +0.58 |
| MSFT Microsoft Corp. | Add +6.5% | 6.41% | +0.51 |
| XYZ Block Inc. | Add +2.0% | 4.50% | +0.08 |
| EPAM Epam Systems Inc. | Add +9.4% | 2.03% | −0.16 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 34 | $16.4B | NBIS, ASML, STX, HD, AMAT |
| Q1 2026 | 36 | $12.5B | VST, ASML, CRS, LPLA, APP |
| Q4 2025 | 32 | $13.6B | TSM, VST, CVNA, LPLA, BN |
| Q3 2025 | 25 | $13.7B | META, VST, TSM, APP, LPLA |
| Q2 2025 | 22 | $13.8B | VST, META, AMZN, MSFT, TSM |
| Q1 2025 | 22 | $11.4B | META, INTU, AMZN, MSFT, SBUX |
| Q4 2024 | 30 | $13.5B | META, AMZN, PM, TSM, VST |
| Q3 2024 | 29 | $13.4B | META, AMZN, VST, TSM, MSFT |
| Q2 2024 | 24 | $12.3B | TSM, MSFT, AMZN, META, PM |
| Q1 2024 | 26 | $12.7B | META, TSM, MSFT, AMZN, CRM |