Rating #18
Stephen Mandel
Lone Pine Capital
Portfolio value
Stocks
Performance
1 Year
+22.11%
Stock Holdings
$
%
1Y
3Y
5Y
10Y
Stephen Mandel’s Portfolio: Q4 2025
Top10 stocks: 51.77% of the portfolio
Stephen Mandel’s Trades: Q4 2025
Adds
New Buys
Sold Outs
Cuts
4.76ppt
0.29ppt
0.83ppt
-0.52ppt
0.43ppt
0.68ppt
0.68ppt
-0.13ppt
0.06ppt
-0.17ppt
Company Name | Share Count Chg. (%) | Price Paid | Buy Value | Portfolio % Change | |
|---|---|---|---|---|---|
1  ASML | Add +100.00% | $1043.15 | $631.12M | 4.76ppt | |
2  BN | Add +56.40% | $45.61 | $261.89M | 0.29ppt | |
3  KKR | Add +22.56% | $124.38 | $114.49M | 0.83ppt | |
4  VST | Add +10.91% | $182.15 | $93.38M | -0.52ppt | |
5  VMC | Add +21.62% | $293.36 | $87.80M | 0.43ppt | |
6  NU | Add +16.62% | $16.07 | $67.88M | 0.68ppt | |
7  AVGO | Add +11.67% | $357.61 | $64.66M | 0.68ppt | |
8  TLN | Add +8.39% | $388.68 | $38.87M | -0.13ppt | |
9  WING | Add +6.97% | $247.68 | $25.76M | 0.06ppt | |
10  MSFT | Add +2.11% | $501.12 | $12.79M | -0.17ppt |
Stephen Mandel’s Holdings: Q4 2025
Company Name | Primary Industry | Avg. price paid  | Share Count Chg. (%) | No of shares held | Market value | Portfolio % Change | % of Ownership | Holding period | Last Transaction | |
|---|---|---|---|---|---|---|---|---|---|---|
1  TSM | Semiconductors | $97.63 | 0.00% | 3.05M | $927.59M | 6.82% 0.61ppt | 0.06% | 16 Quarters | Q3 2025 | |
2 VST | Electric Services | $112.77 | Add +10.91% | 5.21M | $840.83M | 6.18% -0.52ppt | 1.53% | 8 Quarters | Q4 2025 | |
3  CVNA | Retail-Auto Dealers & Gas | $210.76 | Add +0.80% | 1.78M | $750.91M | 5.52% 0.67ppt | 1.28% | 4 Quarters | Q4 2025 | |
4  LPLA | Security & Commodity Brokers | $229.03 | Cut -8.01% | 2.07M | $741.11M | 5.44% -0.02ppt | 2.59% | 15 Quarters | Q4 2025 | |
5 BN | Nonresidential buildings | $51.42 | Add +56.40% | 15.92M | $730.72M | 5.37% 0.29ppt | 0.64% | 3 Quarters | Q4 2025 | |
6 ASML | Other Industry Machinery | $1069.86 | Add +100.00% | 605.02K | $647.28M | 4.76% 4.76ppt | 0.16% | 13 Quarters | Q4 2025 | |
7 KKR | Investment Advice | $82.42 | Add +22.56% | 5.00M | $637.54M | 4.68% 0.83ppt | 0.56% | 12 Quarters | Q4 2025 | |
8 AVGO | Semiconductors | $331.60 | Add +11.67% | 1.73M | $598.83M | 4.40% 0.68ppt | 0.04% | 2 Quarters | Q4 2025 | |
9 MSFT | Prepackaged Software | $222.04 | Add +2.11% | 1.23M | $596.85M | 4.39% -0.17ppt | 0.02% | 49 Quarters | Q4 2025 | |
10  DASH | Other Business Services | $226.48 | New Buy +100.00% | 2.53M | $572.97M | 4.21% 4.21ppt | 0.59% | 1 Quarter | Q4 2025 | |
11  AMZN | Retail-Catalog & Mail-Order | $150.78 | Cut -14.13% | 2.41M | $557.32M | 4.09% -0.40ppt | 0.02% | 33 Quarters | Q4 2025 | |
12  COF | National Banks | $178.32 | Cut -10.69% | 2.29M | $556.19M | 4.09% 0.11ppt | 0.42% | 5 Quarters | Q4 2025 | |
13  APP | Computer Programming & Data | $132.37 | Cut -29.63% | 780.53K | $525.94M | 3.86% -1.94ppt | 0.23% | 8 Quarters | Q4 2025 | |
14 NU | Finance Services | $16.11 | Add +16.62% | 29.63M | $496.01M | 3.64% 0.68ppt | 0.61% | 2 Quarters | Q4 2025 | |
15  MDLN | - | $42.00 | New Buy +100.00% | 11.72M | $492.10M | 3.62% 3.62ppt | 1.49% | 1 Quarter | Q4 2025 | |
16 TLN | Electric Services | $217.36 | Add +8.39% | 1.29M | $484.49M | 3.56% -0.13ppt | 2.83% | 6 Quarters | Q4 2025 | |
17 VMC | Construction Materials | $303.64 | Add +21.62% | 1.68M | $480.29M | 3.53% 0.43ppt | 1.28% | 2 Quarters | Q4 2025 | |
18  PM | Cigarettes | $125.71 | Cut -42.71% | 2.64M | $424.03M | 3.12% -2.33ppt | 0.18% | 9 Quarters | Q4 2025 | |
19  CRS | Steel Mills (Coke Ovens) | $314.84 | New Buy +100.00% | 1.31M | $413.37M | 3.04% 3.04ppt | 2.62% | 1 Quarter | Q4 2025 | |
20 WING | Eating places | $250.82 | Add +6.97% | 1.60M | $380.45M | 2.80% 0.06ppt | 5.70% | 4 Quarters | Q4 2025 |
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