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Stephen Mandel’s Salesforce CRM Stock Holding History

Stephen Mandel’s Portfolio CRM Stock Details CRM Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q3 		– Sell
-1,863,179
Closed -$508M – 28
2025
Q2 		$508M Buy
1,863,179
+131,499
+8% +$35.2M 3.62% 14
2025
Q1 		$465M Buy
1,731,680
+166,487
+11% +$51.8M 4.01% 14
2024
Q4 		$523M Sell
1,565,193
-772,637
-33% -$247M 3.89% 13
2024
Q3 		$640M Buy
+2,337,830
New +$599M 4.77% 6
2024
Q2 		– Sell
-2,400,267
Closed -$723M – 25
2024
Q1 		$723M Sell
2,400,267
-99,363
-4% -$28.7M 5.71% 5
2023
Q4 		$658M Hold
2,499,630
– – 5.69% 5
2023
Q3 		$507M Buy
2,499,630
+804,634
+47% +$174M 4.89% 7
2023
Q2 		$358M Sell
1,694,996
-340,300
-17% -$69.5M 3.28% 17
2023
Q1 		$407M Buy
2,035,296
+1,486,293
+271% +$251M 3.76% 11
2022
Q4 		$72.8M Buy
+549,003
New +$80.1M 0.69% 25
2020
Q3 		– Sell
-3,045,252
Closed -$570M – 33
2020
Q2 		$570M Buy
+3,045,252
New +$513M 2.88% 18
2020
Q1 		– Sell
-4,140,694
Closed -$673M – 40
2019
Q4 		$673M Sell
4,140,694
-964,066
-19% -$151M 3.57% 11
2019
Q3 		$758M Buy
5,104,760
+2,163,027
+74% +$329M 4.46% 6
2019
Q2 		$446M Buy
2,941,733
+981,520
+50% +$154M 2.78% 18
2019
Q1 		$310M Buy
1,960,213
+1,302,213
+198% +$202M 1.81% 23
2018
Q4 		$90.1M Buy
+658,000
New +$90.5M 0.61% 22
2018
Q1 		– Sell
-4,864,570
Closed -$497M – 34
2017
Q4 		$497M Sell
4,864,570
-1,406,236
-22% -$143M 2.6% 23
2017
Q3 		$586M Buy
6,270,806
+3,622,378
+137% +$333M 2.85% 17
2017
Q2 		$229M Buy
+2,648,428
New +$231M 1.17% 29

Other funds holding CRM

Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return
Capital International Investors
Capital International Investors Los Angeles, California $484B AUM 34.9% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return
Capital World Investors
Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return
JP Morgan Chase
JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return
Northern Trust
Northern Trust Chicago, Illinois $860B AUM 41.15% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Stephen Mandel's CRM Position: Q3 2025 in Review

Stephen Mandel sold out of Salesforce (CRM) in Q3 2025, closing a stake of 1,863,179 shares — an estimated $508M sold.

Stephen Mandel first reported a position in CRM in Q2 2017 and held it in 19 quarters. The position peaked at $758M in Q3 2019. 2,810 funds tracked by Wall St. Rank hold CRM as of Q3 2025.

  • Stephen Mandel reported no remaining Salesforce position as of Q3 2025 after selling out during the quarter.
  • Stephen Mandel sold 1,863,179 Salesforce shares in Q3 2025, an estimated $508M.
  • Stephen Mandel first reported a position in Salesforce in Q2 2017 and held it in 19 quarters.
  • Stephen Mandel's Salesforce position peaked at $758M in Q3 2019.
  • 2,810 funds tracked by Wall St. Rank held Salesforce as of Q3 2025.

Based on Lone Pine Capital's 13F filing for Q3 2025, filed 14 Nov 2025.