13F Insight
Investor profile · Q4 2025 13F

Stephen Mandel’s Portfolio

Founder · Lone Pine Capital

Founded Lone Pine Capital in 1997 after Tiger Management. The firm runs concentrated growth-equity portfolios built on deep fundamental research.

Portfolio value
$13.61B
Holdings
32
Last 13F filed
Feb 17, 2026
Report quarter
Q4 2025

Top holdings

1TSMTaiwan Semiconductor Mfg Ltd$927.59M6.8%2VSTVistra Corp$840.83M6.2%3CVNACarvana Co$750.91M5.5%4LPLALpl Finl Hldgs Inc$741.11M5.4%5BNBrookfield Corp$730.72M5.4%6—Asml Holding N V$647.28M4.8%7KKRKkr & Co Inc$637.54M4.7%8AVGOBroadcom Inc$598.83M4.4%9MSFTMicrosoft Corp$596.85M4.4%10DASHDoordash Inc$572.97M4.2%
Full holdings, history & AI analysis on the Lone Pine Capital page →

Data source: Lone Pine Capital’s SEC Form 13F-HR filings, most recently filed Feb 17, 2026. 13F filings disclose long U.S. equity positions only, with up to a 45-day lag. How we process this data →