We are live on !
Find out more
Stephen Mandel Lone Pine Capital
AUM
$16.4B
Turnover
57.14%
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
-22.4%
1 Year Est. Return
+99.7%
3 Year Est. Return
+351.81%
5 Year Est. Return
+339.1%
10 Year Est. Return
+2,106.13%
AUM
$10.6B
AUM Growth
-$6.2B
(-37%)
Cap. Flow
-$2.4B
Cap. Flow % of AUM
Cap. Flow %
-22.63%
Top 10 Holdings %
Top 10 Hldgs %
63.33%
Holding
38
New
8
Increased
7
Reduced
9
Closed
8
Avg Time Held
Equity + Options
1.1
years
Top 10 Avg Time Held
Equity + Options
1
year
Top 20 Avg Time Held
Equity + Options
1.1
years
Avg Time Held Equity only
1.2
years
Top 10 Avg Time Held Equity only
1
year
Top 20 Avg Time Held Equity only
1.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$506M |
| 2 |
LPL Financial
LPLA
|
+$435M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$405M |
| 4 |
EPAM Systems
EPAM
|
+$387M |
| 5 |
PayPal
PYPL
|
+$372M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Match Group
MTCH
|
+$674M |
| 2 |
Snap
SNAP
|
+$664M |
| 3 |
DoorDash
DASH
|
+$534M |
| 4 |
Datadog
DDOG
|
+$449M |
| 5 |
Shopify
SHOP
|
+$441M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.99% |
| 2 | Consumer Discretionary | 26.15% |
| 3 | Financials | 15.97% |
| 4 | Communication Services | 11.15% |
| 5 | Healthcare | 8.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.88T
| $954M | 8.99% |
8,977,525
+61,565
| +0.7% | +$7.7M |
2017 Q4
18 quarters
|
|
2
Microsoft
MSFT
$3.89T
| $894M | 8.43% |
3,481,673
-1,515,416
| -30% | -$411M |
2017 Q2
20 quarters
|
|
3
Meta Platforms (Facebook)
META
$1.64T
| $808M | 7.61% |
5,009,631
+1,347,566
| +37% | +$260M |
2022 Q1
1 quarter
|
|
4
TSMC
TSM
$2.07T
| $730M | 6.88% |
8,934,961
+953,547
| +12% | +$88.2M |
2022 Q1
1 quarter
|
|
5
Workday
WDAY
$47.3B
| $701M | 6.6% |
5,019,190
-103,322
| -2% | -$18.8M |
2021 Q1
5 quarters
|
|
6
ServiceNow
NOW
$106B
| $615M | 5.79% |
6,461,995
-3,433,745
| -35% | -$327M |
2017 Q2
20 quarters
|
|
7
Bath & Body Works
BBWI
$4.31B
| $598M | 5.64% |
22,221,713
| – | – |
2020 Q1
9 quarters
|
|
8
Thermo Fisher Scientific
TMO
$259B
| $506M | 4.77% |
932,292
+411,583
| +79% | +$227M |
2022 Q1
1 quarter
|
|
9
Mastercard
MA
$576B
| $487M | 4.59% |
1,544,912
-874,248
| -36% | -$301M |
2021 Q4
2 quarters
|
|
10
Visa
V
$794B
| $425M | 4.01% |
2,161,028
-1,281,353
| -37% | -$265M |
2021 Q4
2 quarters
|
|
|
11
LPL Financial
LPLA
$22.8B
| $422M | 3.98% |
+2,289,151
| New | +$435M |
2022 Q2
0 quarters
|
|
|
12
Booking.com
BKNG
$119B
| $415M | 3.91% |
+5,929,025
| New | +$506M |
2022 Q2
0 quarters
|
|
13
UnitedHealth
UNH
$365B
| $411M | 3.87% |
800,312
-65,266
| -8% | -$32.8M |
2017 Q2
20 quarters
|
|
14
Dick's Sporting Goods
DKS
$14.7B
| $378M | 3.56% |
5,015,154
+1,283,498
| +34% | +$114M |
2022 Q1
1 quarter
|
|
15
RH
RH
$2.45B
| $376M | 3.55% |
1,773,069
+63,876
| +4% | +$19M |
2021 Q2
4 quarters
|
|
|
16
Alphabet (Google) Class A
GOOGL
$3.64T
| $375M | 3.53% |
+3,439,820
| New | +$405M |
2022 Q2
0 quarters
|
|
|
17
EPAM Systems
EPAM
$8.32B
| $373M | 3.52% |
+1,266,683
| New | +$387M |
2022 Q2
0 quarters
|
|
18
Atlassian
TEAM
$37.8B
| $303M | 2.86% |
1,619,172
+218,148
| +16% | +$46.6M |
2022 Q1
1 quarter
|
|
|
19
PayPal
PYPL
$49.2B
| $300M | 2.82% |
+4,289,025
| New | +$372M |
2022 Q2
0 quarters
|
|
20
EQT Corp
EQT
$33B
| $219M | 2.06% |
+6,352,146
| New | +$262M |
2022 Q2
0 quarters
|
|
21
Marqeta
MQ
$1.89B
| $135M | 1.27% |
4,152,457
| – | – |
2021 Q3
3 quarters
|
|
22
First Citizens BancShares
FCNCA
$25.7B
| $59.9M | 0.56% |
91,634
| – | – |
2022 Q1
1 quarter
|
|
23
Sweetgreen
SG
$1.46B
| $53.1M | 0.5% |
4,556,503
| – | – |
2021 Q4
2 quarters
|
|
24
DELISTED
AvidXchange
AVDX
| $31.2M | 0.29% |
5,080,632
| – | – |
2021 Q4
2 quarters
|
|
25
Fair Isaac
FICO
$15.4B
| $17.1M | 0.16% |
+42,616
| New | +$16.8M |
2022 Q2
0 quarters
|
|
Similar funds
NMO
SP
Stephen Mandel's Q2 2022 Portfolio in Review
As of Q2 2022, Stephen Mandel held 38 positions worth $10.6B, down 37% from $16.8B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Stephen Mandel withdrew a net $2.4B in Q2 2022, closing 8 positions and reducing 9 holdings. Its most notable exit was Match Group, an estimated $674M position sold in full.
By sector, the portfolio is most concentrated in Technology at 36% of assets, down from 44% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Stephen Mandel opened a new position in Booking.com worth $415M.
- Stephen Mandel's largest Q2 2022 buy was Booking.com: 5,929,025 shares worth $415M.
- Stephen Mandel added most to Meta Platforms (Facebook) in Q2 2022, an estimated $260M increase.
- Stephen Mandel's biggest Q2 2022 reduction was Shopify, cutting an estimated $441M.
- Stephen Mandel fully exited Match Group in Q2 2022, selling an estimated $674M.
- Stephen Mandel's ten largest holdings make up 63% of its $10.6B portfolio in Q2 2022.
- Stephen Mandel opened 8 new positions and closed 8 in Q2 2022.
- Stephen Mandel's portfolio value fell 37% quarter-over-quarter to $10.6B.
Based on Lone Pine Capital's 13F filing for Q2 2022, filed 15 Aug 2022.