We are live on ! Find out more
SM

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
+21.62%
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
$12.7B
AUM Growth
+$1.11B
Cap. Flow
-$780M
Cap. Flow %
-6.16%
Top 10 Hldgs %
57.25%
Holding
30
New
5
Increased
7
Reduced
13
Closed
4

Top Buys

Rank Stock Value
1
SPOT icon
Spotify
SPOT
+$396M
2
PM icon
Philip Morris
PM
+$338M
3
VST icon
Vistra
VST
+$317M
4
MCK icon
McKesson
MCK
+$285M
5
APP icon
Applovin
APP
+$282M

Top Sells

Rank Stock Value
1
UNH icon
UnitedHealth
UNH
+$469M
2
META icon
Meta Platforms (Facebook)
META
+$328M
3
HDB icon
HDFC Bank
HDB
+$312M
4
DKS icon
Dick's Sporting Goods
DKS
+$294M
5
BX icon
Blackstone
BX
+$291M

Sector Composition

Rank Sector Weight
1 Technology 41.67%
2 Communication Services 17.3%
3 Consumer Discretionary 15.37%
4 Financials 13.66%
5 Consumer Staples 4.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AVDX
26
DELISTED
AvidXchange
AVDX
$66.8M 0.53%
5,080,632
– –
BX icon
27
Blackstone
BX
$108B
– –
-2,219,023
Closed -$291M
GE icon
28
GE Aerospace
GE
$361B
– –
-2,636,168
Closed -$269M
HDB icon
29
HDFC Bank
HDB
$121B
– –
-9,287,082
Closed -$312M
UNH icon
30
UnitedHealth
UNH
$350B
– –
-891,167
Closed -$469M
1
2

Similar funds

PCM
Pentwater Capital Management Naples, Florida $16.4B AUM 55.44% 1-Year Est. Return
MFG
Merit Financial Group Alpharetta, Georgia $16.4B AUM 25.17% 1-Year Est. Return
X
Xponance Philadelphia, Pennsylvania $16.3B AUM 44.61% 1-Year Est. Return
CAM
Congress Asset Management Boston, Massachusetts $16.3B AUM 42.69% 1-Year Est. Return
PAM
PineStone Asset Management Montreal, Quebec, Canada $16.2B AUM 25.74% 1-Year Est. Return
NMO
Newlands Management Operations Dallas, Texas $16.6B AUM 3.91% 1-Year Est. Return
BS
Banco Santander Madrid, Spain $16.1B AUM 35.02% 1-Year Est. Return
BBVA
Banco Bilbao Vizcaya Argentaria Madrid, Spain $16.1B AUM 40.83% 1-Year Est. Return

Stephen Mandel's Q1 2024 Portfolio in Review

As of Q1 2024, Stephen Mandel held 30 positions worth $12.7B, up 9.6% from $11.6B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Stephen Mandel withdrew a net $780M in Q1 2024, closing 4 positions and reducing 13 holdings. Its most notable exit was UnitedHealth, an estimated $469M position sold in full.

By sector, the portfolio is most concentrated in Technology at 42% of assets, up from 40% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Stephen Mandel opened a new position in Spotify worth $445M.

  • Stephen Mandel's largest Q1 2024 buy was Spotify: 1,687,415 shares worth $445M.
  • Stephen Mandel added most to Philip Morris in Q1 2024, an estimated $338M increase.
  • Stephen Mandel's biggest Q1 2024 reduction was Meta Platforms (Facebook), cutting an estimated $328M.
  • Stephen Mandel fully exited UnitedHealth in Q1 2024, selling an estimated $469M.
  • Stephen Mandel's ten largest holdings make up 57% of its $12.7B portfolio in Q1 2024.
  • Stephen Mandel opened 5 new positions and closed 4 in Q1 2024.
  • Stephen Mandel's portfolio value rose 9.6% quarter-over-quarter to $12.7B.

Based on Lone Pine Capital's 13F filing for Q1 2024, filed 15 May 2024.