Lone Pine Capital 13F Holdings
Stephen Mandel (founder) · Quarter ended 2026-03-31 · Reported value $12.54B
As of the quarter ended 2026-03-31, Lone Pine Capital reported 36 US-listed positions worth $12.54B. The largest is VISTRA CORP at 7.4% of the reported portfolio, and the top five holdings make up 30% of it, a widely diversified book. Trimmed: LPL FINL HLDGS INC, CARVANA CO, BROOKFIELD CORP.
None detected
- VISTRA CORP
- CARPENTER TECHNOLOGY CORP
- APPLOVIN CORP
- TALEN ENERGY CORP
- NU HLDGS LTD
- LPL FINL HLDGS INC
- CARVANA CO
- BROOKFIELD CORP
- CAPITAL ONE FINL CORP
- CIENA CORP
Holdings
| # | Issuer | Value | % of Portfolio | Shares | QoQ Shares |
|---|---|---|---|---|---|
| 1 | VISTRA CORP | $930.2M | 7.4% | 6.19M | +975.7K |
| 2 | ASML HLDG NV | $865.3M | 6.9% | 655.1K | - |
| 3 | CARPENTER TECHNOLOGY CORP | $716.5M | 5.7% | 1.82M | +505.0K |
| 4 | LPL FINL HLDGS INC | $616.7M | 4.9% | 2.05M | -25.0K |
| 5 | APPLOVIN CORP | $583.0M | 4.6% | 1.46M | +684.4K |
| 6 | TALEN ENERGY CORP | $580.3M | 4.6% | 1.82M | +525.4K |
| 7 | TERADYNE INC | $555.2M | 4.4% | 1.87M | - |
| 8 | CARVANA CO | $551.6M | 4.4% | 1.75M | -24.6K |
| 9 | NU HLDGS LTD | $546.2M | 4.4% | 38.01M | +8.38M |
| 10 | MEDLINE INC | $524.6M | 4.2% | 11.79M | +72.5K |
| 11 | CORNING INC | $505.6M | 4.0% | 3.72M | - |
| 12 | CLEAN HARBORS INC | $503.2M | 4.0% | 1.75M | +376.8K |
| 13 | MASTEC INC | $492.6M | 3.9% | 1.53M | - |
| 14 | TAIWAN SEMICONDUCTOR MANUFAC | $469.6M | 3.7% | 1.39M | - |
| 15 | BROOKFIELD CORP | $453.6M | 3.6% | 11.21M | -4.71M |
| 16 | TENET HEALTHCARE CORP | $426.2M | 3.4% | 2.26M | +471.4K |
| 17 | CAPITAL ONE FINL CORP | $413.6M | 3.3% | 2.27M | -27.8K |
| 18 | ENTEGRIS INC | $365.2M | 2.9% | 3.12M | +60.8K |
| 19 | US FOODS HLDG CORP | $350.0M | 2.8% | 3.80M | - |
| 20 | PERFORMANCE FOOD GROUP CO | $340.8M | 2.7% | 3.98M | - |
| 21 | MCKESSON CORP | $339.4M | 2.7% | 392.2K | - |
| 22 | CIENA CORP | $314.3M | 2.5% | 809.5K | -1.20M |
| 23 | TERAWULF INC | $287.5M | 2.3% | 19.92M | - |
| 24 | HUT 8 CORP | $285.2M | 2.3% | 6.08M | - |
| 25 | ARGAN INC | $214.1M | 1.7% | 393.1K | - |
| 26 | ALPHABET INC | $53.9M | 0.4% | 187.6K | - |
| 27 | TRANSDIGM GROUP INC | $41.3M | 0.3% | 35.7K | +16.4K |
| 28 | VULCAN MATLS CO | $39.3M | 0.3% | 144.2K | -1.54M |
| 29 | SPOTIFY TECHNOLOGY S A | $33.4M | 0.3% | 68.8K | +51.1K |
| 30 | MASTERCARD INCORPORATED | $28.6M | 0.2% | 57.2K | -39.1K |
| 31 | AMPHENOL CORP | $28.2M | 0.2% | 223.1K | - |
| 32 | VISA INC | $28.0M | 0.2% | 92.8K | +77.6K |
| 33 | HILTON WORLDWIDE HLDGS INC | $27.1M | 0.2% | 89.2K | +31.4K |
| 34 | KKR & CO INC | $16.6M | 0.1% | 179.3K | -4.82M |
| 35 | BOOKING HOLDINGS INC | $10.1M | 0.1% | 2.4K | -2.2K |
| 36 | BOSTON SCIENTIFIC CORP | $6.6M | 0.1% | 104.7K | -97.0K |
Understanding
Reading Lone Pine Capital's 13F
Managers running over $100M in US equities must disclose their long positions to the SEC within 45 days of each quarter end. This page parses Lone Pine Capital's actual filing, the same document Bloomberg terminals and paid trackers repackage.
Read the QoQ column before the position list. A fund's largest holding is usually old news priced in years ago; what moved this quarter (new stakes, exits, big adds and trims) is where the information lives. New positions equal fresh conviction at recent prices.
Mind the blind spots: 13Fs exclude shorts, bonds, options hedges, and non-US listings, and arrive six-plus weeks stale. A fund that looks all-in long here may be market neutral in reality. Use this as a record of what they bought, never as proof of what they believe today.
Frequently Asked Questions
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Data on this page is provided for informational purposes only and is not financial advice. See our editorial policy.