Lone Pine Capital 13F, Q1 2026
Stephen Mandel · quarter ending 31 March 2026 · filed 15 May 2026 · SEC CIK 1061165
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2026
The 25 largest of 36 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2025 filing.
| Company | Ticker | Value | % of book | vs Q4 2025 |
|---|---|---|---|---|
| VISTRA CORP | VST | $930.18M | 7.4% | +19% shares |
| ASML HLDG NV | $865.34M | 6.9% | +8% shares | |
| CARPENTER TECHNOLOGY CORP | CRS | $716.54M | 5.7% | +39% shares |
| LPL FINL HLDGS INC | LPLA | $616.69M | 4.9% | unchanged |
| APPLOVIN CORP | APP | $583.04M | 4.7% | +88% shares |
| TALEN ENERGY CORP | TLN | $580.34M | 4.6% | +41% shares |
| TERADYNE INC | TER | $555.23M | 4.4% | new |
| CARVANA CO | CVNA | $551.65M | 4.4% | unchanged |
| NU HLDGS LTD | $546.22M | 4.3% | +28% shares | |
| MEDLINE INC | MDLN | $524.62M | 4.2% | unchanged |
| CORNING INC | GLW | $505.56M | 4.0% | new |
| CLEAN HARBORS INC | CLH | $503.20M | 4.0% | +27% shares |
| MASTEC INC | MTZ | $492.60M | 3.9% | new |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $469.59M | 3.7% | -55% shares |
| BROOKFIELD CORP | BN | $453.63M | 3.6% | -30% shares |
| TENET HEALTHCARE CORP | THC | $426.24M | 3.4% | +26% shares |
| CAPITAL ONE FINL CORP | COF | $413.58M | 3.3% | unchanged |
| ENTEGRIS INC | ENTG | $365.21M | 2.9% | unchanged |
| US FOODS HLDG CORP | USFD | $350.03M | 2.8% | new |
| PERFORMANCE FOOD GROUP CO | PFGC | $340.77M | 2.7% | new |
| MCKESSON CORP | MCK | $339.41M | 2.7% | new |
| CIENA CORP | CIEN | $314.28M | 2.5% | new |
| TERAWULF INC | WULF | $287.47M | 2.3% | new |
| HUT 8 CORP | HUT | $285.16M | 2.3% | new |
| ARGAN INC | AGX | $214.12M | 1.7% | new |
What changed since Q4 2025
Against the Q4 2025 filing, Lone Pine Capital opened 11 new positions, added to 12, trimmed 8, left 5 unchanged and exited 7. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0000919574-26-003439, filed by LONE PINE CAPITAL LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.