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Steve Mandel

Lone Pine Capital LLC

Report date Jun 30, 2025 · 25 quarters available

Filed Aug 14, 2025, 45 days after the quarter ended · 13F-HR 0000902664-25-003627

Q2 2026 13F data is not published yet; the SEC filing deadline is August 14, 2026.

Reported portfolio value$14.1B21.4% vs. previous quarter
Positions225 new, 5 closed
Top-five concentration37.6%of the reported portfolio
Largest positionVSTVISTRA CORP · 8.9% weight

Portfolio structure

Size by reported market value, hue by sector
Q2 2025

Sector allocation

Share of portfolio value · derived from SEC SIC codes, not licensed GICS data

Segments run in GICS sector order

  • Energy3.1%
  • Industrials2.5%
  • Consumer Discretionary16.6%
  • Consumer Staples3.6%
  • Health Care3.8%
  • Financials14.6%
  • Information Technology20.0%
  • Communication Services12.7%
  • Utilities11.2%
  • Real Estate2.5%
  • Unclassified9.5%

90.5% of the value that can carry an issuer sector is classified · rule set sic-sector-v2

Sector Allocation Over Time

All available quarters · Share of portfolio value
25 quarters

Classification coverage varies across these quarters, so part of a band's movement may be a change in what could be resolved rather than in what was held.

All positions

Sorted by portfolio weight, high to low
Utilities$1.25B
8.9%
Increased
METAMETA PLATFORMS INC-CLASS ACUSIP 30303M102
Communication Services$1.23B
8.7%
Reduced
Consumer Discretionary$1.10B
7.9%
Increased
MSFTMICROSOFT CORPCUSIP 594918104
Information Technology$0.92B
6.6%
Reduced
Information Technology$0.78B
5.5%
Reduced
CVNACARVANA COCUSIP 146869102
Consumer Discretionary$0.72B
5.2%
Reduced
LPLALPL FINANCIAL HOLDINGS INCCUSIP 50212V100
Financials$0.70B
5.0%
Increased
KKRKKR & CO INCCUSIP 48251W104
Financials$0.69B
4.9%
Increased
COFCAPITAL ONE FINANCIAL CORPCUSIP 14040H105
Financials$0.66B
4.7%
Reduced
INTUINTUIT INCCUSIP 461202103
Information Technology$0.61B
4.3%
Reduced
APPAPPLOVIN CORP-CLASS ACUSIP 03831W108
Communication Services$0.55B
3.9%
Reduced
Ticker unavailableFLUTTER ENTMT PLCCUSIP G3643J108
Unclassified$0.53B
3.8%
Reduced
UNHUNITEDHEALTH GROUP INCCUSIP 91324P102
Health Care$0.53B
3.8%
New
SBUXSTARBUCKS CORPCUSIP 855244109
Consumer Discretionary$0.51B
3.6%
Reduced
CRMSALESFORCE INCCUSIP 79466L302
Information Technology$0.51B
3.6%
Increased
Consumer Staples$0.50B
3.6%
Reduced
Ticker unavailableASML HOLDING N VCUSIP N07059210
Unclassified$0.45B
3.2%
Reduced
EQTEQT CORPCUSIP 26884L109
Energy$0.44B
3.1%
New
Real Estate$0.35B
2.5%
New
BKNGBOOKING HOLDINGS INCCUSIP 09857L108
Industrials$0.35B
2.5%
New
Ticker unavailableWIX COM LTDCUSIP M98068105
Unclassified$0.34B
2.4%
New
TLNTALEN ENERGY CORPCUSIP 87422Q109
Utilities$0.32B
2.3%
Unchanged
Steve Mandel · Q2 2025 | Solvnode