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Home·Guru Portfolios·Stephen Mandel
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Lone Pine Capital
$ 16,357,789,141As of Q2 2026
Stephen Mandel

Stephen Mandel

"We have invested pretty much forever behind change largely"

Holdings

34

Return in Q2 2026

$ 1,479,120,596

Performance (%)
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About the Fund

Stephen Mandel Jr. is an American investor, the founder and manager of the hedge fund Lone Pine Capital, one of the most prominent “Tiger Cubs” — funds established by former employees of Julian Robertson’s Tiger Management. Since 2019, Mandel has stepped back from day-to-day management, handing over leadership to his team, while remaining involved in the company’s strategic development. The fund follows a strategy based on deep fundamental analysis and the selection of companies with durable competitive advantages. It is known for its ability to adapt to changing market conditions, as demonstrated by its successful recovery after a difficult 2022 and strong performance in the following years. Every investment at Lone Pine is built on exhaustive research of the company, its industry, competitors, and management. It is almost a private equity–style approach applied to public equities. The fund makes large bets on big ideas and does not believe in diversification.

Portfolio Holdings

Period:

Holding
Sector
Portfolio Weight (%)
Change
Return (mln)
Value (mln)
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only

Portfolio Weight

Data is available to registered users only

Return (mln)

Data is available to registered users only

Change

Data is available to registered users only

Value (mln)

Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only

Portfolio Weight

Data is available to registered users only

Return (mln)

Data is available to registered users only

Change

Data is available to registered users only

Value (mln)

Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only
Data is available to registered users only

Portfolio Weight

Data is available to registered users only

Return (mln)

Data is available to registered users only

Change

Data is available to registered users only

Value (mln)

Data is available to registered users only
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Sector Allocation for Q2 2026

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  • Data is available to registered users only
    -
    Data is available to registered users only
  • Data is available to registered users only
    -
    Data is available to registered users only
  • Data is available to registered users only
    -
    Data is available to registered users only
  • Data is available to registered users only
    -
    Data is available to registered users only
  • Data is available to registered users only
    -
    Data is available to registered users only
  • Data is available to registered users only
    -
    Data is available to registered users only
  • Data is available to registered users only
    -
    Data is available to registered users only
  • Data is available to registered users only
    -
    Data is available to registered users only
  • Data is available to registered users only
    -
    Data is available to registered users only

About the Fund

Stephen Mandel Jr. is an American investor, the founder and manager of the hedge fund Lone Pine Capital, one of the most prominent “Tiger Cubs” — funds established by former employees of Julian Robertson’s Tiger Management. Since 2019, Mandel has stepped back from day-to-day management, handing over leadership to his team, while remaining involved in the company’s strategic development. The fund follows a strategy based on deep fundamental analysis and the selection of companies with durable competitive advantages. It is known for its ability to adapt to changing market conditions, as demonstrated by its successful recovery after a difficult 2022 and strong performance in the following years. Every investment at Lone Pine is built on exhaustive research of the company, its industry, competitors, and management. It is almost a private equity–style approach applied to public equities. The fund makes large bets on big ideas and does not believe in diversification.

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