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Stephen Mandel Lone Pine Capital

AUM $16.4B
1-Year Est. Return 99.7%
 

Stephen Mandel founded Lone Pine Capital, a long/short equity firm that became one of the most influential Tiger Cub franchises. Lone Pine is known for fundamental research and growth-oriented equity investing with risk management through shorting and portfolio construction. Even as the firm’s structure has evolved over time, Mandel’s name remains closely associated with institutional growth investing.

This Fund
S&P 500
This Quarter Est. Return
+1.05%
1 Year Est. Return
+99.7%
3 Year Est. Return
+351.82%
5 Year Est. Return
+339.1%
10 Year Est. Return
+2,106.14%
AUM
$27.5B
AUM Growth
+$18.6M
Cap. Flow
+$607M
Cap. Flow %
2.2%
Top 10 Hldgs %
51.96%
Holding
45
New
4
Increased
17
Reduced
12
Closed
7

Top Buys

Rank Stock Value
1
DASH icon
DoorDash
DASH
+$748M
2
AMZN icon
Amazon
AMZN
+$712M
3
IBN icon
ICICI Bank
IBN
+$705M
4
META icon
Meta Platforms (Facebook)
META
+$562M
5
WDAY icon
Workday
WDAY
+$532M

Top Sells

Rank Stock Value
1
DOCU
DocuSign
DOCU
+$902M
2
ADSK icon
Autodesk
ADSK
+$676M
3
HUM icon
Humana
HUM
+$619M
4
GPN icon
Global Payments
GPN
+$415M
5
FIS icon
Fidelity National Information Services
FIS
+$396M

Sector Composition

Rank Sector Weight
1 Technology 39.06%
2 Consumer Discretionary 20.64%
3 Communication Services 18.81%
4 Healthcare 10.6%
5 Industrials 5.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BILL icon
26
BILL Holdings
BILL
$4.76B
$410M 1.49%
2,820,713
+52,006
+2% +$7.79M
STNE icon
27
StoneCo
STNE
$2.16B
$400M 1.45%
6,534,257
+165,800
+3% +$12.9M
NUAN
28
DELISTED
Nuance Communications, Inc.
NUAN
$393M 1.43%
9,009,792
– –
SNOW icon
29
Snowflake
SNOW
$115B
$291M 1.06%
1,267,426
+965,366
+320% +$258M
BPMC
30
DELISTED
Blueprint Medicines
BPMC
$263M 0.96%
2,709,138
– –
ASND icon
31
Ascendis Pharma A/S
ASND
$16.6B
$185M 0.67%
1,436,981
+542,448
+61% +$82.4M
ARGX icon
32
argenx
ARGX
$65B
$150M 0.55%
546,259
+10,000
+2% +$3.16M
FATE icon
33
Fate Therapeutics
FATE
$279M
$144M 0.52%
1,749,284
+865,618
+98% +$82.9M
PODD icon
34
Insulet
PODD
$10.3B
$99.3M 0.36%
+380,690
New +$102M
MDB icon
35
MongoDB
MDB
$34.7B
$35.1M 0.13%
131,371
-748,461
-85% -$265M
ZYME icon
36
Zymeworks
ZYME
$2.05B
$30.8M 0.11%
976,735
– –
FMTX
37
DELISTED
Forma Therapeutics Holdings, Inc. Common Stock
FMTX
$22.4M 0.08%
800,000
– –
XM
38
DELISTED
Qualtrics International Inc. Class A Common Stock
XM
$21.4M 0.08%
+650,000
New +$26.4M
ADSK icon
39
Autodesk
ADSK
$53.6B
– –
-2,212,480
Closed -$676M
DOCU
40
DocuSign
DOCU
$11.8B
– –
-4,056,072
Closed -$902M
FIS icon
41
Fidelity National Information Services
FIS
$21.3B
– –
-2,799,907
Closed -$396M
FOLD
42
DELISTED
Amicus Therapeutics
FOLD
– –
-6,678,788
Closed -$154M
HUM icon
43
Humana
HUM
$45.5B
– –
-1,508,296
Closed -$619M
HWM icon
44
Howmet Aerospace
HWM
$108B
– –
-7,527,593
Closed -$215M
XP icon
45
XP
XP
$8.53B
– –
-80,569
Closed -$3.2M
1
2

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Stephen Mandel's Q1 2021 Portfolio in Review

As of Q1 2021, Stephen Mandel held 45 positions worth $27.5B, up 0.07% from $27.5B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Stephen Mandel's Q1 2021 filing shows 4 new, 17 increased, 12 reduced and 7 closed positions. Its largest new stake was ICICI Bank: 43,155,826 shares worth $692M. The largest sale was DocuSign, an estimated $902M.

By sector, the portfolio is most concentrated in Technology at 39% of assets, down from 46% a quarter earlier, followed by Consumer Discretionary and Communication Services.

  • Stephen Mandel's largest Q1 2021 buy was ICICI Bank: 43,155,826 shares worth $692M.
  • Stephen Mandel added most to DoorDash in Q1 2021, an estimated $748M increase.
  • Stephen Mandel's biggest Q1 2021 reduction was Global Payments, cutting an estimated $415M.
  • Stephen Mandel fully exited DocuSign in Q1 2021, selling an estimated $902M.
  • Stephen Mandel's ten largest holdings make up 52% of its $27.5B portfolio in Q1 2021.
  • Stephen Mandel opened 4 new positions and closed 7 in Q1 2021.
  • Stephen Mandel's portfolio value rose 0.07% quarter-over-quarter to $27.5B.

Based on Lone Pine Capital's 13F filing for Q1 2021, filed 18 May 2021.