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Investors / Stephen Mandel
Stephen Mandel / Lone Pine Capital
13F
34 positions · Q2 2026AI holdings · 14 tickers
$8.22B| # | Ticker | Company | Layer | Value | Shares | % of AUM | Entry quarter |
|---|---|---|---|---|---|---|---|
| NBIS | |||||||
| ASML | |||||||
| STX | |||||||
| AMAT | |||||||
| TER | |||||||
| GLW | |||||||
| HUT | |||||||
| WULF | |||||||
| APP | |||||||
| STRL | |||||||
| BTDR | |||||||
| SHAZ | |||||||
| GOOGL | |||||||
| TSM |
Other holdings · 20 tickers
$8.14B · non-AI| # | Ticker | Company | Value | Shares | % of AUM | Entry quarter |
|---|---|---|---|---|---|---|
| 15 | HD | $918.1M | 5.6% | |||
| 16 | MDLN | $827M | 5.1% | |||
| 17 | LIN | $808.6M | 4.9% | |||
| 18 | CVNA | $692.5M | 4.2% | |||
| 19 | PFGC | $654.3M | 4.0% | |||
| 20 | NU UN | $630.9M | 3.9% | |||
| 21 | CRS | $593.9M | 3.6% | |||
| 22 | MTZ | $559.7M | 3.4% | |||
| 23 | TTMI | $512.1M | 3.1% | |||
| 24 | USFD | $502.5M | 3.1% | |||
| 25 | ONON | $470.4M | 2.9% | |||
| 26 | LPLA | $343.4M | 2.1% | |||
| 27 | AGX | $294.4M | 1.8% | |||
| 28 | KGS | $63.5M | 0.4% | |||
| 29 | V | $56.9M | 0.3% | |||
| 30 | IBKR | $50.3M | 0.3% | |||
| 31 | SE | $47.4M | 0.3% | |||
| 32 | MCK | $43.7M | 0.3% | |||
| 33 | TDG | $38M | 0.2% | |||
| 34 | BN | $33.8M | 0.2% |
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
Include non-AI changes (62)
Q3 2023
Q4 2023
Q1 2024
Q2 2024
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Q2 2026
NBIS
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NEW+4M
ASML
TRIM−81K
ADD+49K
ADD+64K
ADD+94K
TRIM−37K
TRIM−110K
ADD+141K
TRIM−16K
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NEW+605K
ADD+50K
TRIM−86K
STX
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NEW+1M
AMAT
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NEW+1M
TER
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NEW+2M
TRIM−380K
GLW
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NEW+4M
TRIM−990K
HUT
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NEW+6M
TRIM−306K
WULF
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NEW+20M
ADD+4M
APP
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NEW+1M
TRIM−423K
STRL
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NEW+610K
BTDR
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NEW+1M
TRIM−311K
DROP
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NEW+7M
SHAZ
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NEW+1M
GOOGL
NEW+3M
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NEW+188K
ADD+28K
TSM
ADD+1M
TRIM−852K
TRIM−775K
TRIM−170K
TRIM−2M
TRIM−452K
ADD+105K
TRIM−429K
TRIM−384K
HOLD
TRIM−2M
TRIM−1M
ENQ
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NEW+3M
DROP
ENTG
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NEW+3M
DROP
CIEN
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NEW+2M
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NEW+810K
DROP
AMZN
ADD+569K
HOLD
TRIM−971K
TRIM−45K
ADD+1M
TRIM−2M
ADD+564K
ADD+681K
TRIM−2M
TRIM−397K
DROP
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AVGO
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NEW+2M
ADD+181K
DROP
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MSFT
TRIM−690K
HOLD
ADD+118K
ADD+90K
TRIM−364K
TRIM−16K
ADD+321K
TRIM−105K
TRIM−646K
ADD+26K
DROP
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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
ADD+805K
HOLD
TRIM−99K
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NEW+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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NVDA
DROP
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Not held
low → high position value
Hover any cell for share + value delta| Period | Action | Ticker | Δ Shares | Δ Value |
|---|---|---|---|---|
| Q2 2026 | NEW | NBIS | +4,258,008 | +$1.2B |
| Q2 2026 | NEW | STX | +1,000,109 | +$965.1M |
| Q2 2026 | NEW | AMAT | +1,207,737 | +$873.2M |
| Q2 2026 | NEW | STRL | +609,643 | +$511.7M |
| Q2 2026 | TRIM | TSM | -1,288,288 | $-421.2M |
| Q2 2026 | TRIM | HUT | -305,906 | +$381.3M |
| Q2 2026 | DROP | ENQ | -3,115,054 | $-365.2M |
| Q2 2026 | DROP | ENTG | -3,115,054 | $-365.2M |
| Q2 2026 | DROP | CIEN | -809,522 | $-314.3M |
| Q2 2026 | ADD | WULF | +4,223,195 | +$308.9M |
| Q2 2026 | TRIM | ASML | -85,974 | +$267M |
| Q2 2026 | TRIM | GLW | -990,089 | +$191.3M |
| Q2 2026 | TRIM | TER | -379,796 | +$167.2M |
| Q2 2026 | NEW | BTDR | +7,020,026 | +$111.4M |
| Q2 2026 | NEW | SHAZ | +1,209,848 | +$102.4M |
| Q2 2026 | TRIM | APP | -422,655 | $-46M |
| Q2 2026 | ADD | GOOGL | +28,013 | +$23.1M |
| Q1 2026 | DROP | AVGO | -1,730,216 | $-598.8M |
| Q1 2026 | DROP | MSFT | -1,234,125 | $-596.8M |
| Q1 2026 | NEW | APP | +1,464,923 | +$583M |
| 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 | NEW | ENQ | +3,115,054 | +$365.2M |
| Q1 2026 | NEW | ENTG | +3,115,054 | +$365.2M |
| Q1 2026 | NEW | CIEN | +809,522 | +$314.3M |
| Q1 2026 | NEW | WULF | +19,921,430 | +$287.5M |
| Q1 2026 | NEW | HUT | +6,078,951 | +$285.2M |
| Q1 2026 | ADD | ASML | +50,131 | +$218.1M |
| Q1 2026 | NEW | GOOGL | +187,561 | +$53.9M |
| Q4 2025 | DROP | META | -1,322,260 | $-971M |
| Q4 2025 | NEW | ASML | +605,017 | +$647.3M |
| Q4 2025 | ADD | AVGO | +180,804 | +$87.7M |
| 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 | 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 |
| Q3 2024 | NEW | 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 | 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 | ADD | META | +94,625 | +$182.9M |
| 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 |