Lone Pine Capital
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Stephen Mandel's Lone Pine Capital reported 29 stock positions worth $13.4 billion. Its top holding was Meta Platforms Class A (META) at 8.1% of the portfolio, followed by Amazon.com (AMZN, 7.6%) and Vistra (VST, 6.0%). Compared with Q2 2024, it opened 9 new positions, sold out of 4, added to 6 and reduced 12. The biggest buy was a new position in Salesforce (CRM) and the biggest sale an exit from Mastercard Class A (MA).
- Most Recent 13F
- Q2 2026
- Notable People
- Stephen Mandel
- Location
- GREENWICH, CT
- CIK
- 0001061165
- Portfolio Value
- $13.4B (Q3 2024)
- SEC Filing
- 0000902664-24-006633 ↗ filed Nov 14, 2024
Holdings Value
Holdings 29 stocks · $13.4B
| META Meta Platforms Inc. Class A | 8.08% | 1,891,337 | $1.1B | Add +35.6% |
| AMZN Amazon.com Inc. | 7.62% | 5,482,267 | $1.0B | Add +23.2% |
| VST Vistra Corp. | 6.02% | 6,806,291 | $806.8M | Reduce -0.5% |
| TSM Taiwan Semiconductor-SP ADR | 5.46% | 4,212,861 | $731.6M | Reduce -29.8% |
| MSFT Microsoft Corp. | 5.31% | 1,655,779 | $712.5M | Reduce -18.0% |
| CRM Salesforce Inc. | 4.77% | 2,337,830 | $639.9M | New |
| CEG Constellation Energy | 4.64% | 2,394,231 | $622.5M | Add +49.2% |
| KKR KKR & Co. Inc. | 4.41% | 4,522,730 | $590.6M | Reduce -29.2% |
| INTU Intuit Inc. | 4.27% | 921,361 | $572.2M | Add +2.1% |
| SPOT Spotify Technology SA | 4.27% | 1,552,529 | $572.2M | Reduce -8.0% |
| LEN Lennar Corp. Class A | 4.09% | 2,927,654 | $548.9M | New |
| PM Philip Morris International | 4.06% | 4,480,656 | $544.0M | Reduce -32.8% |
| XYZ Block Inc. | 3.84% | 7,670,523 | $514.9M | No change |
| LPLA LPL Financial Holdings Inc. | 3.78% | 2,180,137 | $507.2M | Add +29.4% |
| UNH Unitedhealth Group Inc. | 3.58% | 821,880 | $480.5M | Reduce -13.0% |
| PTC PTC Inc. | 3.43% | 2,548,199 | $460.4M | No change |
| ASML ASML Holding NV-NY Reg SHS | 3.43% | 551,313 | $459.4M | Reduce -6.2% |
| SBUX Starbucks Corp. | 2.95% | 4,050,850 | $394.9M | New |
| WDAY Workday Inc. Class A | 2.93% | 1,604,385 | $392.1M | New |
| BKNG Booking Holdings Inc. | 2.40% | 76,414 | $321.9M | Reduce -27.4% |
| ARES Ares Management Corp. Class A | 2.39% | 2,051,816 | $319.8M | Add +30.3% |
| APP AppLovin Corp. Class A | 2.31% | 2,369,866 | $309.4M | Reduce -58.4% |
| HWM Howmet Aerospace Inc. | 2.29% | 3,061,707 | $306.9M | Reduce -16.5% |
| GEV GE Vernova Inc. | 2.20% | 1,156,011 | $294.8M | Reduce -21.7% |
| TLN Talen Energy Corp. | 1.14% | 856,215 | $152.6M | New |
| HUT Hut 8 Corp. | 0.11% | 1,232,752 | $15.1M | New |
| WULF Terawulf Inc. | 0.11% | 3,067,796 | $14.4M | New |
| BTDR Bitdeer Technologies Group-A | 0.08% | 1,297,965 | $10.2M | New |
| IREN Iren Ltd. filed as IRIS ENERGY LTD | 0.04% | 711,839 | $6.0M | New |
Portfolio Sells Q2 2024 → Q3 2024
| MA Mastercard Inc. Class A | Sold out | 0.00% | −3.73 |
| BBWI Bath & Body Works Inc. | Sold out | 0.00% | −3.58 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -29.8% | 5.46% | −3.00 |
| MCK McKesson Corp. | Sold out | 0.00% | −2.66 |
| MSFT Microsoft Corp. | Reduce -18.0% | 5.31% | −2.01 |
| APP AppLovin Corp. Class A | Reduce -58.4% | 2.31% | −1.54 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -6.2% | 3.43% | −1.45 |
| PM Philip Morris International | Reduce -32.8% | 4.06% | −1.43 |
| KKR KKR & Co. Inc. | Reduce -29.2% | 4.41% | −1.05 |
| BKNG Booking Holdings Inc. | Reduce -27.4% | 2.40% | −0.98 |
| AVDX Avidxchange Holdings Inc. | Sold out | 0.00% | −0.50 |
| UNH Unitedhealth Group Inc. | Reduce -13.0% | 3.58% | −0.32 |
| SPOT Spotify Technology SA | Reduce -8.0% | 4.27% | −0.03 |
| HWM Howmet Aerospace Inc. | Reduce -16.5% | 2.29% | −0.02 |
| GEV GE Vernova Inc. | Reduce -21.7% | 2.20% | +0.14 |
| VST Vistra Corp. | Reduce -0.5% | 6.02% | +1.25 |
Portfolio Buys Q2 2024 → Q3 2024
| CRM Salesforce Inc. | New | 4.77% | +4.77 |
| LEN Lennar Corp. Class A | New | 4.09% | +4.09 |
| SBUX Starbucks Corp. | New | 2.95% | +2.95 |
| WDAY Workday Inc. Class A | New | 2.93% | +2.93 |
| META Meta Platforms Inc. Class A | Add +35.6% | 8.08% | +2.37 |
| CEG Constellation Energy | Add +49.2% | 4.64% | +2.04 |
| TLN Talen Energy Corp. | New | 1.14% | +1.14 |
| ARES Ares Management Corp. Class A | Add +30.3% | 2.39% | +0.68 |
| AMZN Amazon.com Inc. | Add +23.2% | 7.62% | +0.65 |
| HUT Hut 8 Corp. | New | 0.11% | +0.11 |
| WULF Terawulf Inc. | New | 0.11% | +0.11 |
| BTDR Bitdeer Technologies Group-A | New | 0.08% | +0.08 |
| IREN Iren Ltd. | New | 0.04% | +0.04 |
| LPLA LPL Financial Holdings Inc. | Add +29.4% | 3.78% | −0.03 |
| INTU Intuit Inc. | Add +2.1% | 4.27% | −0.54 |
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 |