Lone Pine Capital portfolio: Q2 2026 13F holdings
Stephen Mandel. A 'Tiger Cub' founded by Stephen Mandel, investing in growth companies it expects to compound.
The Q3 2026 13F is due by 2026-11-16. This page switches to it as soon as it lands on SEC EDGAR (checked hourly).
Lone Pine Capital reported 34 US stock positions worth $16.4B at the end of Q2 2026, against $12.5B in 36 positions at the end of Q1 2026. The ten largest are 54% of the portfolio, led by Nebius Group N.v. (7.2%), Asml Hldg NV and Seagate Technology. Over the quarter it opened 13 new positions (Nebius Group N.v., Seagate Technology and Home Depot and others), sold out of 15 (Vistra, Talen Energy Corp and Clean Harbors Inc and others), added to 8 and trimmed 11.
Biggest buys in Q2 2026
Biggest sells in Q2 2026
Everything Lone Pine Capital owns
| Company | % of portfolio | Value | Shares | vs Q1 2026 | Upside | The rule |
|---|---|---|---|---|---|---|
| Nebius Group N.v. | 7.2% | $1.2B | 4,258,008 | NEW | — | — |
| Asml Hldg NV | 6.9% | $1.1B | 569,174 | -13% | — | — |
| STXSeagate Technology | 5.9% | $965.1M | 1,000,109 | NEW | -57% | Members only |
| HDHome Depot | 5.6% | $918.1M | 2,603,189 | NEW | -24% | Members only |
| AMATApplied Materials | 5.3% | $873.2M | 1,207,737 | NEW | -56% | Members only |
| Medline Inc | 5.1% | $827.0M | 20,968,367 | +78% | — | — |
| LINLinde | 4.9% | $808.6M | 1,558,081 | NEW | -68% | Members only |
| TERTeradyne | 4.4% | $722.4M | 1,493,080 | -20% | -45% | Members only |
| GLWCorning | 4.3% | $696.8M | 2,728,058 | -27% | -14% | Members only |
| CVNACarvana | 4.2% | $692.5M | 10,520,666 | +500% | -10% | Members only |
| Hut 8 Corp | 4.1% | $666.5M | 5,773,045 | -5% | — | — |
| Performance Food Group CO | 4.0% | $654.3M | 5,852,740 | +47% | — | — |
| NU Hldgs Ltd | 3.9% | $630.9M | 47,219,717 | +24% | — | — |
| Terawulf Inc | 3.6% | $596.4M | 24,144,625 | +21% | — | — |
| Carpenter Technology Corp | 3.6% | $593.9M | 962,839 | -47% | — | — |
| Mastec Inc | 3.4% | $559.7M | 1,345,157 | -12% | — | — |
| APPAppLovin | 3.3% | $537.0M | 1,042,268 | -29% | +44% | Members only |
| Ttm Technologies Inc | 3.1% | $512.1M | 2,738,075 | NEW | — | — |
| Sterling Infrastructure Inc | 3.1% | $511.7M | 609,643 | NEW | — | — |
| US Foods Hldg Corp | 3.1% | $502.5M | 4,914,492 | +29% | — | — |
| ON Hldg AG | 2.9% | $470.4M | 13,280,030 | NEW | — | — |
| Lpl Finl Hldgs Inc | 2.1% | $343.4M | 1,219,099 | -41% | — | — |
| Argan Inc | 1.8% | $294.4M | 368,673 | -6% | — | — |
| Bitdeer Technologies Group | 0.7% | $111.4M | 7,020,026 | NEW | — | — |
| Sharonai Holdings Inc | 0.6% | $102.4M | 1,209,848 | NEW | — | — |
| GOOGLAlphabet (Class A) | 0.5% | $77.0M | 215,574 | +15% | -5% | Members only |
| Kodiak Gas Svcs Inc | 0.4% | $63.5M | 845,070 | NEW | — | — |
| VVisa | 0.3% | $56.9M | 165,960 | +79% | -21% | Members only |
| IBKRInteractive Brokers | 0.3% | $50.3M | 577,666 | NEW | -50% | Members only |
| Taiwan Semiconductor Manufac | 0.3% | $48.4M | 101,242 | -93% | — | — |
| Sea Ltd | 0.3% | $47.4M | 494,581 | NEW | — | — |
| MCKMcKesson | 0.3% | $43.7M | 57,851 | -85% | +52% | Members only |
| TDGTransDigm Group | 0.2% | $38.0M | 28,532 | -20% | -3% | Members only |
| Brookfield Corp | 0.2% | $33.8M | 792,717 | -93% | — | — |
| VSTVistra | — | — | — | SOLD OUT | +5% | Members only |
| Talen Energy Corp | — | — | — | SOLD OUT | — | — |
| Clean Harbors Inc | — | — | — | SOLD OUT | — | — |
| Tenet Healthcare Corp | — | — | — | SOLD OUT | — | — |
| COFCapital One | — | — | — | SOLD OUT | -19% | Members only |
| Entegris Inc | — | — | — | SOLD OUT | — | — |
| CIENCiena | — | — | — | SOLD OUT | -45% | Members only |
| VMCVulcan Materials Company | — | — | — | SOLD OUT | -46% | Members only |
| Spotify Technology S A | — | — | — | SOLD OUT | — | — |
| MAMastercard | — | — | — | SOLD OUT | +0% | Members only |
| APHAmphenol | — | — | — | SOLD OUT | +6% | Members only |
| HLTHilton Worldwide | — | — | — | SOLD OUT | -62% | Members only |
| KKRKKR | — | — | — | SOLD OUT | -57% | Members only |
| Booking Holdings Inc | — | — | — | SOLD OUT | — | — |
| BSXBoston Scientific | — | — | — | SOLD OUT | +74% | Members only |
Upside is to our model’s value from each company’s own SEC filings, for the S&P 500 companies we value (how). Positions sold out during the quarter are listed last.
Other 13F portfolios
- Berkshire HathawayWarren Buffett · Q2 2026
- Dodge & Cox220 positions · Q2 2026
- Harris Associates (Oakmark)Bill Nygren · Q2 2026
- First Eagle Investments422 positions · Q2 2026
- Coatue ManagementPhilippe Laffont · Q2 2026
- Viking GlobalAndreas Halvorsen · Q2 2026
- D1 Capital PartnersDan Sundheim · Q2 2026
- Tiger GlobalChase Coleman · Q2 2026
- Davis AdvisorsChris Davis · Q2 2026
- Pershing SquareBill Ackman · Q2 2026
- Elliott Investment ManagementPaul Singer · Q2 2026
- FundsmithTerry Smith · Q2 2026
What a 13F shows, and what it hides: 13F filings explained.
Generated automatically from Lone Pine Capital’s Form 13F (CIK 1061165, accession 0000919574-26-005485) on SEC EDGAR, compared with its filing for Q1 2026. Long US stock positions only: 13Fs leave out shorts, cash, bonds, most non-US holdings and options (excluded here), and are up to 45 days old when filed. Research only, not investment advice. boring&rich is not affiliated with or endorsed by Lone Pine Capital or Stephen Mandel.