Steve Mandel

Lone Pine Capital LLC

as of Mar 31, 2025 · filed May 15, 2025 · 45-day reporting lag · historical report

Source filings

13F-HR 0000902664-25-002417

QuarterCompare any two quarters

Portfolio value$11.6B -14.0% vs. previous quarter

Positions224 new · 12 sold

Top 535.3%largest META at 8.8%

Largest moveCVNANew · 4.9% weight

Concentration

How much of the portfolio the biggest positions add up to. Hover the curve, or focus it and use the arrow keys, to inspect each rank.

Longest held

One block per imported quarter, oldest at the left. A full row means held in all of them, not that the position began there.

0%held throughout

AMZN24

MSFT24

META19

TSM18

LPLA17

Top 3 moves

CVNA+4.9%

TOL+3.5%

CDNS+2.7%

4 new positions and 12 sold; the largest portfolio-weight shift was CVNA entering at 4.9%.

Holdings

Reported price is value divided by shares, the manager’s quarter-end mark rather than a traded price.

Sorted by portfolio weight, high to low

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Reported holdings for Q1 2025

METAMETA PLATFORMS INC-CLASS ACommunication Services	8.8%-0.1%	Reduced13.7%	1,758,062	$576.36	$1.01B
INTUINTUIT INCInformation Technology	7.4%+2.0%	Increased21.4%	1,403,802	$613.99	$861.9M
AMZNAMAZON.COM INCConsumer DiscretionarySupply chain (as of Q2 2026)	7.2%+1.0%	Increased14.9%	4,352,740	$190.26	$828.2M
MSFTMICROSOFT CORPInformation Technology	6.4%+1.2%	Increased19.6%	1,960,328	$375.39	$735.9M
SBUXSTARBUCKS CORPConsumer Discretionary	5.6%+1.2%	Increased2.1%	6,607,888	$98.09	$648.2M
TSMTAIWAN SEMICONDUCTOR-SP ADRInformation TechnologySupply chain (as of Q3 2026)	5.5%	Increased2.8%	3,865,381	$166.00	$641.7M
LPLALPL FINANCIAL HOLDINGS INCFinancials	5.0%+0.3%	Reduced8.3%	1,764,015	$327.14	$577.1M
COFCAPITAL ONE FINANCIAL CORPFinancials	4.9%+0.6%	Reduced1.8%	3,176,143	$179.30	$569.5M
CVNANEWCARVANA COConsumer Discretionary	4.9%+4.9%	New	2,697,668	$209.08	$564.0M
KKRKKR & CO INCFinancials	4.8%+0.3%	Increased17.7%	4,763,771	$115.61	$550.7M
VSTVISTRA CORPUtilities	4.7%-0.8%	Reduced14.0%	4,604,788	$117.44	$540.8M
APPAPPLOVIN CORP-CLASS ACommunication Services	4.4%+1.8%	Increased76.0%	1,909,528	$264.97	$506.0M
Ticker unavailableFLUTTER ENTMT PLCUnclassified	4.2%+0.6%	Increased16.1%	2,219,896	$221.55	$491.8M
PMPHILIP MORRIS INTERNATIONALConsumer Staples	4.1%-1.7%	Reduced53.5%	3,008,542	$158.73	$477.5M
CRMSALESFORCE INCInformation Technology	4.0%+0.1%	Increased10.6%	1,731,680	$268.36	$464.7M
LLYELI LILLY & COHealth Care	3.9%-0.6%	Reduced29.5%	551,827	$825.91	$455.8M
TOLNEWTOLL BROTHERS INCConsumer Discretionary	3.5%+3.5%	New	3,800,580	$105.59	$401.3M
Ticker unavailableASML HOLDING N VUnclassified	3.3%+1.1%	Increased31.8%	582,427	$662.63	$385.9M
CDNSNEWCADENCE DESIGN SYS INCInformation Technology	2.7%+2.7%	New	1,218,389	$254.33	$309.9M
ARESARES MANAGEMENT CORP - AFinancials	2.0%-0.2%	Reduced4.3%	1,604,441	$146.61	$235.2M
TLNTALEN ENERGY CORPUtilities	1.9%+0.2%	Unchanged	1,089,380	$199.67	$217.5M
WINGNEWWINGSTOP INCConsumer Discretionary	0.9%+0.9%	New	449,056	$225.58	$101.3M