Stephen Mandel: Stock Portfolio, Performance and Latest Trades
Lone Pine Capital
13F portfolio value
$16.4B
34 holdings at Q2 2026
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Stephen Mandel's portfolio
As of Q2 2026, filed August 14, 2026 · prices as of October 8, 2026
| Company | Share of portfolio | Average buy price | Return | Current price | Last quarter |
|---|---|---|---|---|---|
Nebius Group NVNBIS | 7.19% | $198.04 | +10.9% | $219.71 | New |
| 6.92% | $1,068.19 | +65.7% | $1,769.79 | Reduced −13% | |
| 5.90% | $762.82 | +1.6% | $774.83 | New | |
| 5.61% | $325.33 | −9.2% | $295.47 | New | |
| 5.34% | $461.39 | +10.4% | $509.57 | New | |
| 5.06% | $41.26 | −13.4% | $35.74 | Added +78% | |
Linde PLCLIN | 4.94% | $506.49 | −4.9% | $481.70 | New |
| 4.42% | $278.84 | +43.0% | $398.72 | Reduced −20% | |
Corning Inc.GLW | 4.26% | $120.60 | +26.7% | $152.83 | Reduced −27% |
Carvana Co.CVNA | 4.23% | $89.99 | — | — | Added +500% |
Hut 8 Corp.HUT | 4.07% | $54.08 | +47.2% | $79.59 | Reduced −5.0% |
| 4.00% | $92.64 | +2.2% | $94.72 | Added +47% | |
| 3.86% | $14.45 | +6.4% | $15.38 | Added +24% | |
Terawulf Inc.WULF | 3.65% | $16.26 | −16.0% | $13.65 | Added +21% |
| 3.63% | $318.41 | +21.6% | $387.10 | Reduced −47% | |
Mastec Inc.MTZ | 3.42% | $270.73 | −20.0% | $216.66 | Reduced −12% |
| 3.28% | $304.23 | −7.9% | $280.12 | Reduced −29% | |
TTM TechnologiesTTMI | 3.13% | $161.30 | −27.2% | $117.50 | New |
| 3.13% | $701.84 | −26.1% | $518.41 | New | |
| 3.07% | $88.71 | +9.5% | $97.12 | Added +29% | |
| 2.88% | $36.55 | −6.9% | $34.04 | New | |
| 2.10% | $234.02 | +40.2% | $328.00 | Reduced −41% | |
Argan Inc.AGX | 1.80% | $407.76 | −2.2% | $398.66 | Reduced −6.2% |
| 0.68% | $14.36 | −32.3% | $9.72 | New | |
| 0.63% | $56.43 | −30.8% | $39.05 | New | |
Alphabet Inc.GOOGL | 0.47% | $320.15 | +8.8% | $348.29 | Added +15% |
| 0.39% | $67.99 | −21.2% | $53.57 | New | |
| 0.35% | $323.08 | +16.1% | $375.10 | Added +79% | |
| 0.31% | $83.23 | +3.9% | $86.47 | New | |
| 0.30% | $108.91 | +321% | $457.99 | Reduced −93% | |
Sea Ltd.SE | 0.29% | $87.91 | +5.7% | $92.89 | New |
| 0.27% | $892.51 | +4.2% | $930.25 | Reduced −85% | |
| 0.23% | $1,310.80 | −16.9% | $1,089.30 | Reduced −20% | |
| 0.21% | $40.52 | −9.3% | $36.77 | Reduced −93% |
Stephen Mandel's buys and sells
| Company | Action | Shares change | Value now |
|---|---|---|---|
| New | +2,779,103 | $834.3M | |
RHRH | Sold out | −1,773,069 | — |
Alphabet Inc.GOOGL | New | +3,113,001 | $407.4M |
| Reduced −47% | −7,650,514 | $294.3M | |
| Sold out | −1,241,941 | — | |
Microsoft Corp.MSFT | Reduced −28% | −690,276 | $572.1M |
Nvidia Corp.NVDA | Sold out | −641,649 | — |
| Added +48% | +569,534 | $691.4M | |
| New | +4,771,772 | $206.8M | |
| Reduced −42% | −1,596,491 | $195.6M | |
Moderna Inc.MRNA | Sold out | −1,529,618 | — |
Block Inc.XYZ | New | +3,886,146 | $172M |
| Reduced −25% | −146,246 | $368.2M | |
| Added +47% | +804,634 | $506.9M | |
| Reduced −11% | −343,888 | $317.3M | |
| Reduced −17% | −80,653 | $224M | |
| Reduced −29% | −61,101 | $460.9M | |
| Added +40% | +723,151 | $276.5M | |
| Sold out | −4,556,503 | — | |
Amazon.com Inc.AMZN | Added +12% | +569,245 | $694.7M |
| Reduced −6.5% | −259,785 | $308.4M | |
| Added +9.2% | +88,641 | $269.6M | |
| Added +22% | +1,389,785 | $677.8M | |
Marqeta Inc.57142B104 | Sold out | −4,902,192 | — |
| Added +14% | +563,566 | $274M | |
PTC Inc.PTC | Reduced −0.0% | −1,057 | $448.6M |
| Reduced −8.1% | −162,944 | $437.3M | |
| Sold out | −8,338 | — |
Stephen Mandel's portfolio by sector
Share of the stock portfolio at Q2 2026.
| Sector | Share |
|---|---|
| Technology | 30% |
| Industrials | 16% |
| Materials | 16% |
| Financials | 15% |
| Consumer Discretionary | 9.8% |
| Consumer Staples | 7.1% |
| Health Care | 5.3% |
| Communication Services | 0.5% |
| Energy | 0.4% |
| Real Estate | 0.2% |
Portfolio performance: Stephen Mandel vs. benchmarks
Your result if you had bought each reported portfolio on the day it was made public and held it until the next report, against the S&P 500 and Nasdaq-100.
- You, copying after each 13F filing – estimated value
- S&P 500
- Nasdaq-100
| Total return | Per year | |
|---|---|---|
| You, copying after each 13F filing – estimated value | +1.7% | +0.3% |
| S&P 500 | +89.0% | +13.6% |
| Nasdaq-100 | +113.3% | +16.4% |
Prices were available for 81% of the portfolio value on average; the rest is left out of the return.
Stephen Mandel's most traded stocks
Quarters with a buy or a sell, all reports since Q2 2013.
| Company | Quarters bought | Quarters sold |
|---|---|---|
Microsoft Corp.MSFT | 21 | 27 |
| 20 | 28 | |
| 14 | 29 | |
Amazon.com Inc.AMZN | 16 | 25 |
| 15 | 20 | |
Adobe Inc.ADBE | 9 | 23 |
| 12 | 16 | |
| 10 | 16 | |
| 10 | 16 | |
Alphabet Inc.GOOGL | 14 | 9 |
| 13 | 10 | |
Block Inc.XYZ | 12 | 11 |
| 8 | 14 | |
Workday Inc.WDAY | 6 | 14 |
| 11 | 9 |