Lone Pine Capital
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Stephen Mandel's Lone Pine Capital reported 24 stock positions worth $12.3 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 8.5% of the portfolio, followed by Microsoft (MSFT, 7.3%) and Amazon.com (AMZN, 7.0%). Compared with Q1 2024, it opened 4 new positions, sold out of 6, added to 9 and reduced 6. The biggest buy was a new position in Unitedhealth (UNH) and the biggest sale an exit from Salesforce (CRM).
- Most Recent 13F
- Q2 2026
- Notable People
- Stephen Mandel
- Location
- GREENWICH, CT
- CIK
- 0001061165
- Portfolio Value
- $12.3B (Q2 2024)
- SEC Filing
- 0000902664-24-005150 ↗ filed Aug 14, 2024
Holdings Value
Holdings 24 stocks · $12.3B
| TSM Taiwan Semiconductor-SP ADR | 8.46% | 6,002,198 | $1.0B | Reduce -2.8% |
| MSFT Microsoft Corp. | 7.32% | 2,020,205 | $902.9M | Add +4.7% |
| AMZN Amazon.com Inc. | 6.97% | 4,448,280 | $859.6M | Reduce -1.0% |
| META Meta Platforms Inc. Class A | 5.70% | 1,394,437 | $703.1M | Reduce -34.8% |
| PM Philip Morris International | 5.48% | 6,671,129 | $676.0M | No change |
| KKR KKR & Co. Inc. | 5.45% | 6,385,506 | $672.0M | Reduce -8.7% |
| ASML ASML Holding NV-NY Reg SHS | 4.88% | 587,891 | $601.3M | Add +19.0% |
| INTU Intuit Inc. | 4.81% | 902,450 | $593.1M | No change |
| VST Vistra Corp. | 4.77% | 6,838,007 | $587.9M | Add +6.6% |
| SPOT Spotify Technology SA | 4.29% | 1,687,415 | $529.5M | No change |
| XYZ Block Inc. | 4.01% | 7,670,523 | $494.7M | Add +13.9% |
| UNH Unitedhealth Group Inc. | 3.90% | 944,317 | $480.9M | New |
| APP AppLovin Corp. Class A | 3.85% | 5,702,438 | $474.6M | Add +7.2% |
| LPLA LPL Financial Holdings Inc. | 3.82% | 1,685,070 | $470.6M | No change |
| PTC PTC Inc. | 3.75% | 2,548,199 | $462.9M | Reduce -14.1% |
| MA Mastercard Inc. Class A | 3.73% | 1,043,557 | $460.4M | Add +53.4% |
| BBWI Bath & Body Works Inc. | 3.58% | 11,315,515 | $441.9M | Add +15.8% |
| BKNG Booking Holdings Inc. | 3.38% | 105,177 | $416.7M | Add +0.8% |
| MCK McKesson Corp. | 2.66% | 560,936 | $327.6M | No change |
| CEG Constellation Energy | 2.61% | 1,604,953 | $321.4M | Add +83.2% |
| HWM Howmet Aerospace Inc. | 2.31% | 3,665,321 | $284.5M | New |
| GEV GE Vernova Inc. | 2.05% | 1,477,008 | $253.3M | New |
| ARES Ares Management Corp. Class A | 1.70% | 1,574,763 | $209.9M | New |
| AVDX Avidxchange Holdings Inc. | 0.50% | 5,078,341 | $61.2M | Reduce -0.1% |
Portfolio Sells Q1 2024 → Q2 2024
| CRM Salesforce Inc. | Sold out | 0.00% | −5.71 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −3.05 |
| LYV Live Nation Entertainment Inc. | Sold out | 0.00% | −2.69 |
| META Meta Platforms Inc. Class A | Reduce -34.8% | 5.70% | −2.49 |
| DKS Dick's Sporting Goods Inc. | Sold out | 0.00% | −2.13 |
| EPAM Epam Systems Inc. | Sold out | 0.00% | −2.03 |
| IBN Icici Bank Ltd.-Spon ADR | Sold out | 0.00% | −2.01 |
| PTC PTC Inc. | Reduce -14.1% | 3.75% | −0.67 |
| KKR KKR & Co. Inc. | Reduce -8.7% | 5.45% | −0.10 |
| AVDX Avidxchange Holdings Inc. | Reduce -0.1% | 0.50% | −0.03 |
| AMZN Amazon.com Inc. | Reduce -1.0% | 6.97% | +0.58 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -2.8% | 8.46% | +1.83 |
Portfolio Buys Q1 2024 → Q2 2024
| UNH Unitedhealth Group Inc. | New | 3.90% | +3.90 |
| HWM Howmet Aerospace Inc. | New | 2.31% | +2.31 |
| GEV GE Vernova Inc. | New | 2.05% | +2.05 |
| ARES Ares Management Corp. Class A | New | 1.70% | +1.70 |
| CEG Constellation Energy | Add +83.2% | 2.61% | +1.33 |
| VST Vistra Corp. | Add +6.6% | 4.77% | +1.24 |
| MA Mastercard Inc. Class A | Add +53.4% | 3.73% | +1.15 |
| ASML ASML Holding NV-NY Reg SHS | Add +19.0% | 4.88% | +1.09 |
| APP AppLovin Corp. Class A | Add +7.2% | 3.85% | +0.94 |
| MSFT Microsoft Corp. | Add +4.7% | 7.32% | +0.92 |
| BKNG Booking Holdings Inc. | Add +0.8% | 3.38% | +0.39 |
| BBWI Bath & Body Works Inc. | Add +15.8% | 3.58% | −0.27 |
| XYZ Block Inc. | Add +13.9% | 4.01% | −0.48 |
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 |