SEC EDGAR Form 13F
Lone Pine Capital
Lone Pine Capital is a research-driven fundamental equity manager founded by Stephen Mandel, with long-only and long/short strategies focused on high-conviction companies.
Latest Form 13F: 36 long U.S. equity positions, $12.5B reported value for the period ended Mar 31, 2026, led by VISTRA CORP, ASML HLDG NV, and CARPENTER TECHNOLOGY CORP.
CIK: 1061165 · Filed: May 15, 2026 · Period: Mar 31, 2026
What a 13F does not show
Form 13F covers many reportable long U.S. equity positions at quarter end. It does not show every asset type, short positions, hedges, intraperiod trades, or current holdings after the report date. Use it as ownership context, not investment advice.
Read the 13F guide →Top reported holdings
Showing the top 36 positions by reported value. Source: SEC EDGAR Form 13F; period 2026-03-31; filed 2026-05-15.
| # | Ticker | Company | Shares | Value | Portfolio % | QoQ change |
|---|---|---|---|---|---|---|
| 1 | VST | VISTRA CORP | 6.2M | $930M | 7.42% | +18.7% |
| 2 | ASML | ASML HLDG NV | 655.1K | $865M | 6.90% | +8.3% |
| 3 | CRS | CARPENTER TECHNOLOGY CORP | 1.8M | $717M | 5.71% | +38.5% |
| 4 | LPLA | LPL FINL HLDGS INC | 2.0M | $617M | 4.92% | -1.2% |
| 5 | APP | APPLOVIN CORP | 1.5M | $583M | 4.65% | +87.7% |
| 6 | TLN | TALEN ENERGY CORP | 1.8M | $580M | 4.63% | +40.6% |
| 7 | TER | TERADYNE INC | 1.9M | $555M | 4.43% | -- |
| 8 | CVNA | CARVANA CO | 1.8M | $552M | 4.40% | -1.4% |
| 9 | NU | NU HLDGS LTD | 38.0M | $546M | 4.35% | +28.3% |
| 10 | MDLN | MEDLINE INC | 11.8M | $525M | 4.18% | +0.6% |
| 11 | GLW | CORNING INC | 3.7M | $506M | 4.03% | -- |
| 12 | CLH | CLEAN HARBORS INC | 1.8M | $503M | 4.01% | +27.3% |
| 13 | MTZ | MASTEC INC | 1.5M | $493M | 3.93% | -- |
| 14 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 1.4M | $470M | 3.74% | -54.5% |
| 15 | BN | BROOKFIELD CORP | 11.2M | $454M | 3.62% | -29.6% |
| 16 | THC | TENET HEALTHCARE CORP | 2.3M | $426M | 3.40% | +26.4% |
| 17 | COF | CAPITAL ONE FINL CORP | 2.3M | $414M | 3.30% | -1.2% |
| 18 | ENTG | ENTEGRIS INC | 3.1M | $365M | 2.91% | +2.0% |
| 19 | USFD | US FOODS HLDG CORP | 3.8M | $350M | 2.79% | -- |
| 20 | PFGC | PERFORMANCE FOOD GROUP CO | 4.0M | $341M | 2.72% | -- |
| 21 | MCK | MCKESSON CORP | 392.2K | $339M | 2.71% | -- |
| 22 | CIEN | CIENA CORP | 809.5K | $314M | 2.51% | -- |
| 23 | WULF | TERAWULF INC | 19.9M | $287M | 2.29% | -- |
| 24 | HUT | HUT 8 CORP | 6.1M | $285M | 2.27% | -- |
| 25 | AGX | ARGAN INC | 393.1K | $214M | 1.71% | -- |
| 26 | GOOGL | ALPHABET INC | 187.6K | $54M | 0.43% | -- |
| 27 | TDG | TRANSDIGM GROUP INC | 35.7K | $41M | 0.33% | +85.5% |
| 28 | VMC | VULCAN MATLS CO | 144.2K | $39M | 0.31% | -91.4% |
| 29 | SPOT | SPOTIFY TECHNOLOGY S A | 68.8K | $33M | 0.27% | +287.6% |
| 30 | MA | MASTERCARD INCORPORATED | 57.2K | $29M | 0.23% | -40.6% |
| 31 | APH | AMPHENOL CORP | 223.1K | $28M | 0.22% | -92.1% |
| 32 | V | VISA INC | 92.8K | $28M | 0.22% | +509.7% |
| 33 | HLT | HILTON WORLDWIDE HLDGS INC | 89.2K | $27M | 0.22% | +54.4% |
| 34 | KKR | KKR & CO INC | 179.3K | $17M | 0.13% | -96.4% |
| 35 | BKNG | BOOKING HOLDINGS INC | 2.4K | $10M | 0.08% | -48.1% |
| 36 | BSX | BOSTON SCIENTIFIC CORP | 104.7K | $7M | 0.05% | -48.1% |