LONE PINE CAPITAL LLC

Superinvestor · Stephen Mandel

CIK

1061165

Location

GREENWICH, CT

Portfolio Value

Micro $39,259,941

Diversification

Diversified

Filing Date

Global Rank

#368 / 8,579 ▼ 10

Top Industry

Semiconductor Equipment & Materials 14.2%

3Y Alpha vs SPY

+1.7%

Period ended 2 months ago

Filed May 15, 2026 · 28d

25 quarters · since Mar 2020

Portfolio Concentration

36 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.4%

+0.6 pts

Top 5

29.6%

+0.3 pts

Top 10

51.6%

−0.2 pts

HHI

426

Diversified−3

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	24.7%	$3,103,396,379	7
Financial Services	21.3%	$2,675,956,058	9
Industrials	15.7%	$1,967,806,539	5
Utilities	12.0%	$1,510,522,873	2
Healthcare	10.3%	$1,296,841,988	4
Consumer Defensive	5.5%	$690,797,989	2
Communication Services	5.3%	$670,357,539	3
Consumer Cyclical	4.7%	$588,910,069	3
Basic Materials	0.3%	$39,259,941	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

14 positions

Ticker	Company	Δ Shares	Shares	Value
NU	Nu Holdings Ltd.	+8,380,988	38,011,225	$546,221,303
VST	Vistra Corp.	+975,700	6,187,585	$930,179,653
APP	AppLovin Corp	+684,393	1,464,923	$583,039,354
TLN	Talen Energy Corp	+525,431	1,817,947	$580,343,220
CRS	Carpenter Technology Corp	+505,002	1,817,940	$716,541,051
THC	Tenet Healthcare Corp	+471,391	2,258,717	$426,242,485
CLH	Clean Harbors Inc	+376,825	1,754,950	$503,196,813
V	Visa Inc.	+77,558	92,775	$28,040,316
MDLN	Medline Inc.	+72,459	11,789,156	$524,617,442
ENTG	Entegris Inc	+60,824	3,115,054	$365,208,930
SPOT	Spotify Technology S.A.	+51,082	68,844	$33,383,144
ASML	Asml Holding NV	+50,131	655,148	$865,339,132
HLT	Hilton Worldwide Holdings Inc.	+31,432	89,249	$27,138,835
TDG	TransDigm Group INC	+16,449	35,677	$41,348,215
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
KKR	KKR & Co. Inc.	−4,821,777	179,308	$16,585,990
BN	BROOKFIELD Corp /ON/	−4,714,391	11,208,969	$453,626,975
APH	Amphenol Corp /De/	−2,586,689	223,084	$28,186,663
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−1,662,870	1,389,530	$469,591,663
VMC	Vulcan Materials CO	−1,539,753	144,179	$39,259,941
BSX	Boston Scientific Corp	−97,048	104,655	$6,567,101
MA	Mastercard Inc	−39,137	57,201	$28,581,051
COF	Capital One Financial Corp	−27,835	2,267,056	$413,579,026
LPLA	LPL Financial Holdings Inc.	−24,981	2,049,967	$616,691,572
CVNA	Carvana Co.	−24,619	1,754,709	$551,645,415
BKNG	Booking Holdings Inc.	−2,225	2,405	$10,125,819
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
TER	Teradyne, Inc	1,872,876	$555,232,818
GLW	Corning Inc /Ny	3,718,147	$505,556,447
MTZ	Mastec Inc	1,531,050	$492,600,027
USFD	US Foods Holding Corp.	3,795,998	$350,028,975
PFGC	Performance Food Group Co	3,978,158	$340,769,014
MCK	Mckesson Corp	392,224	$339,414,960
CIEN	Ciena Corp	809,522	$314,280,726
WULF	Terawulf Inc.	19,921,430	$287,466,234
HUT	Hut 8 Corp.	6,078,951	$285,163,591
AGX	Argan Inc	393,134	$214,120,433
GOOGL	Alphabet Inc.	187,561	$53,935,041
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
AVGO	Broadcom Inc.	1,730,216	$598,827,757
MSFT	Microsoft Corp	1,234,125	$596,847,532
DASH	DoorDash, Inc.	2,529,879	$572,966,995
AMZN	Amazon Com Inc	2,414,520	$557,319,506
PM	Philip Morris International Inc.	2,643,579	$424,030,071
WING	Wingstop Inc.	1,595,258	$380,453,080
AFRM	Affirm Holdings, Inc.	3,817,170	$284,111,963
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1 positions · $39,259,941 total · Basic Materials only · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Est. Price	% of Portfolio	History
VMC	Vulcan Materials CO Basic Materials	Reduced	144,179	-1,539,753	$39,259,941	−91.8%	$294.22	100.00%