Investors / Stephen Mandel
LP
Stephen Mandel / Lone Pine Capital
13F
6 positions · Q1 2026| # | Ticker | Company | Layer | Value | Shares | % of AUM | Entry quarter |
|---|---|---|---|---|---|---|---|
| 1 | ASML | ASML Holding NV (ADR) | ChipEnabler | $865.3M | 655.1K shares | 6.9% | before Q2 2023 |
| 2 | TER | Teradyne Inc | Autonomy | $555.2M | 1.9M shares | 4.4% | Q1 2026 |
| 3 | GLW | Corning Inc | Enabler | $505.6M | 3.7M shares | 4.0% | Q1 2026 |
| 4 | TSM | Taiwan Semiconductor (ADR) | Chip | $469.6M | 1.4M shares | 3.7% | before Q2 2023 |
| 5 | CIEN | Ciena Corp | InfraEnabler | $314.3M | 809.5K shares | 2.5% | Q3 2025 |
| 6 | GOOGL | Alphabet Inc Class A | InfraAppModel | $53.9M | 187.6K shares | 0.4% | Q3 2023 |
13G/13D
0 active stakes · SEC ≥5% filingsNo active major stakes since latest 13F.
Per SEC rules, investors must disclose ≥5% positions within 5-10 days of crossing the threshold; this section reflects filings since the latest 13F.
Holdings Timeline
Q2 2023
Q3 2023
Q4 2023
Q1 2024
Q2 2024
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
ASML
HOLD
TRIM−81K
ADD+49K
ADD+64K
ADD+94K
TRIM−37K
TRIM−110K
ADD+141K
TRIM−16K
DROP
ADD+605K
ADD+50K
TER
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NEW+2M
GLW
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—
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—
NEW+4M
TSM
HOLD
ADD+1M
TRIM−852K
TRIM−775K
TRIM−170K
TRIM−2M
TRIM−452K
ADD+105K
TRIM−429K
TRIM−384K
HOLD
TRIM−2M
CIEN
—
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—
NEW+2M
DROP
ADD+810K
GOOGL
—
NEW+3M
DROP
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—
—
—
—
—
—
—
ADD+188K
AMZN
HOLD
ADD+569K
HOLD
TRIM−971K
TRIM−45K
ADD+1M
TRIM−2M
ADD+564K
ADD+681K
TRIM−2M
TRIM−397K
DROP
MSFT
HOLD
TRIM−690K
HOLD
ADD+118K
ADD+90K
TRIM−364K
TRIM−16K
ADD+321K
TRIM−105K
TRIM−646K
ADD+26K
DROP
AVGO
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—
NEW+2M
ADD+181K
DROP
META
—
NEW+3M
ADD+95K
TRIM−736K
TRIM−743K
ADD+497K
ADD+146K
TRIM−279K
TRIM−93K
TRIM−343K
DROP
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CRM
HOLD
ADD+805K
HOLD
TRIM−99K
DROP
ADD+2M
TRIM−773K
ADD+166K
ADD+131K
DROP
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IREN
—
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NEW+712K
HOLD
DROP
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BTDR
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NEW+1M
TRIM−311K
DROP
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NVDA
HOLD
DROP
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NEW
ADD
HOLD
TRIM (light → heavy)
Not held
Hover any cell for share + value delta| Period | Action | Ticker | Δ Shares | Δ Value |
|---|---|---|---|---|
| Q1 2026 | DROP | AVGO | -1,730,216 | $-598.8M |
| Q1 2026 | DROP | MSFT | -1,234,125 | $-596.8M |
| Q1 2026 | DROP | AMZN | -2,414,520 | $-557.3M |
| Q1 2026 | NEW | TER | +1,872,876 | +$555.2M |
| Q1 2026 | NEW | GLW | +3,718,147 | +$505.6M |
| Q1 2026 | TRIM | TSM | -1,662,870 | $-458M |
| Q1 2026 | ADD | CIEN | +809,522 | +$314.3M |
| Q1 2026 | ADD | ASML | +50,131 | +$218.1M |
| Q1 2026 | ADD | GOOGL | +187,561 | +$53.9M |
| Q4 2025 | DROP | META | -1,322,260 | $-971M |
| Q4 2025 | ADD | ASML | +605,017 | +$647.3M |
| Q4 2025 | DROP | CIEN | -2,006,662 | $-292.3M |
| Q4 2025 | ADD | AVGO | +180,804 | +$87.7M |
| Q4 2025 | HOLD | TSM | 0 | +$75.1M |
| Q4 2025 | TRIM | AMZN | -397,408 | $-60.1M |
| Q4 2025 | ADD | MSFT | +25,520 | $-29.1M |
| Q3 2025 | NEW | AVGO | +1,549,412 | +$511.2M |
| Q3 2025 | DROP | CRM | -1,863,179 | $-508.1M |
| Q3 2025 | TRIM | AMZN | -2,221,628 | $-486.9M |
| Q3 2025 | DROP | ASML | -566,862 | $-454.3M |
| Q3 2025 | TRIM | MSFT | -646,251 | $-296.6M |
| Q3 2025 | NEW | CIEN | +2,006,662 | +$292.3M |
| Q3 2025 | TRIM | META | -342,757 | $-257.9M |
| Q3 2025 | TRIM | TSM | -383,520 | +$74.3M |
| Q2 2025 | ADD | AMZN | +680,816 | +$276.2M |
| Q2 2025 | TRIM | META | -93,045 | +$215.7M |
| Q2 2025 | TRIM | MSFT | -105,472 | +$186.7M |
| Q2 2025 | TRIM | TSM | -429,461 | +$136.5M |
| Q2 2025 | TRIM | ASML | -15,565 | +$68.3M |
| Q2 2025 | ADD | CRM | +131,499 | +$43.4M |
| Q1 2025 | TRIM | META | -278,868 | $-179.4M |
| Q1 2025 | ADD | TSM | +104,937 | $-101M |
| Q1 2025 | ADD | ASML | +140,661 | +$79.8M |
| Q1 2025 | ADD | CRM | +166,487 | $-58.6M |
| Q1 2025 | ADD | MSFT | +320,631 | +$44.8M |
| Q1 2025 | DROP | BTDR | -986,717 | $-21.4M |
| Q1 2025 | DROP | IREN | -711,839 | $-7M |
| Q1 2025 | ADD | AMZN | +563,706 | $-3.1M |
| Q4 2024 | TRIM | AMZN | -1,693,233 | $-190.2M |
| Q4 2024 | TRIM | ASML | -109,547 | $-153.2M |
| Q4 2024 | TRIM | CRM | -772,637 | $-116.6M |
| Q4 2024 | ADD | META | +145,593 | +$110M |
| Q4 2024 | TRIM | MSFT | -16,082 | $-21.3M |
| Q4 2024 | TRIM | BTDR | -311,248 | +$11.2M |
| Q4 2024 | TRIM | TSM | -452,417 | +$11M |
| Q4 2024 | HOLD | IREN | 0 | +$982K |
| Q3 2024 | ADD | CRM | +2,337,830 | +$639.9M |
| Q3 2024 | ADD | META | +496,900 | +$379.6M |
| Q3 2024 | TRIM | TSM | -1,789,337 | $-311.6M |
| Q3 2024 | TRIM | MSFT | -364,426 | $-190.4M |
| Q3 2024 | ADD | AMZN | +1,033,987 | +$161.9M |
| Q3 2024 | TRIM | ASML | -36,578 | $-141.9M |
| Q3 2024 | NEW | BTDR | +1,297,965 | +$10.2M |
| Q3 2024 | NEW | IREN | +711,839 | +$6M |
| Q2 2024 | DROP | CRM | -2,400,267 | $-722.9M |
| Q2 2024 | TRIM | META | -743,380 | $-335M |
| Q2 2024 | TRIM | TSM | -170,326 | +$203.5M |
| Q2 2024 | ADD | ASML | +93,851 | +$121.8M |
| Q2 2024 | ADD | MSFT | +90,287 | +$91M |
| Q2 2024 | TRIM | AMZN | -45,201 | +$49.1M |
| Q1 2024 | ADD | ASML | +64,242 | +$154.1M |
| Q1 2024 | ADD | MSFT | +118,109 | +$130.6M |
| Q1 2024 | TRIM | TSM | -775,400 | +$117.2M |
| Q1 2024 | TRIM | CRM | -99,363 | +$65.2M |
| Q1 2024 | TRIM | META | -735,911 | +$20.9M |
| Q1 2024 | TRIM | AMZN | -971,308 | $-19.8M |
| Q4 2023 | DROP | GOOGL | -3,113,001 | $-407.4M |
| Q4 2023 | ADD | META | +94,625 | +$182.9M |
| Q4 2023 | HOLD | CRM | 0 | +$150.9M |
| Q4 2023 | HOLD | AMZN | 0 | +$135.6M |
| Q4 2023 | HOLD | MSFT | 0 | +$109.2M |
| Q4 2023 | ADD | ASML | +49,318 | +$101.3M |
| Q4 2023 | TRIM | TSM | -852,228 | +$44.8M |
| Q3 2023 | NEW | META | +2,779,103 | +$834.3M |
| Q3 2023 | NEW | GOOGL | +3,113,001 | +$407.4M |
| Q3 2023 | TRIM | MSFT | -690,276 | $-280M |
| Q3 2023 | DROP | NVDA | -641,649 | $-271.4M |
| Q3 2023 | ADD | CRM | +804,634 | +$148.8M |
| Q3 2023 | TRIM | ASML | -80,653 | $-110.2M |
| Q3 2023 | ADD | AMZN | +569,245 | +$56.5M |
| Q3 2023 | ADD | TSM | +1,389,785 | +$30.9M |
| Q2 2023 | HOLD | MSFT | +2,502,085 | +$852.1M |
| Q2 2023 | HOLD | TSM | +6,410,367 | +$646.9M |
| Q2 2023 | HOLD | AMZN | +4,895,544 | +$638.2M |
| Q2 2023 | HOLD | CRM | +1,694,996 | +$358.1M |
| Q2 2023 | HOLD | ASML | +461,133 | +$334.2M |
| Q2 2023 | HOLD | NVDA | +641,649 | +$271.4M |