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Hedge fund · Long-only 13F filer

Lone Pine Capital

$16.4B+$3.8B vs prior 13FUS long stock positions · not assets under managementSEC EDGAR · 13F-HR · filed 14 August 2026

Lone Pine Capital's latest 13F filing covers the quarter ended 30 June 2026 and was filed 14 August 2026 (45 days after quarter end): 34 disclosed US-listed positions — $16.4 billion in long stock. Thirteen new buys, five adds, seven trims and fifteen exits against the prior quarter. Holdings are up to 45 days old by the time they clear EDGAR.

Portfolio · vs S&P 500Lone Pine CapitalS&P 500
Sept 2025Lone Pine Capital +19% · S&P: +12%

The line rebuilds Lone Pine Capital's disclosed 13F holdings at each filing and holds them to the next, tracked against the S&P 500 where daily price history overlaps. Long US equity only — an illustrative read, not an audited return.

S&P 500 overlay: Finazon · prior-day close, most closes dollar-rounded at the source

Portfolio · vs S&P 500Lone Pine CapitalS&P 500
Sept 2024Lone Pine Capital +22% · S&P from Sept 2025: +12%

The line rebuilds Lone Pine Capital's disclosed 13F holdings at each filing and holds them to the next, tracked against the S&P 500 where daily price history overlaps. Long US equity only — an illustrative read, not an audited return.

S&P 500 overlay: Finazon · prior-day close, most closes dollar-rounded at the source

Long stock value$16.4B
Positions34
Top holdingNBIS · 7.2%
Top sectorTechnology 41%
New buys · Q2 202613
Exits · Q2 202615

Portfolio reconstructed from SEC EDGAR 13F filings · values as reported · as of Q2 2026

Top holdings — quarter ended 30 June 2026

Largest 15 of 34 positions
PositionValueWeightSharesLast quarter
NBISNEBIUS GROUP N.V.$1.2B7.2%4.3MNew buy
ASMLASML HLDG NV$1.1B6.9%569.2KHeld
STXSEAGATE TECHNOLOGY HLDNGS PL$965.1M5.9%1.0MNew buy
HDHOME DEPOT INC$918.1M5.6%2.6MNew buy
AMATAPPLIED MATLS INC$873.2M5.3%1.2MNew buy
MDLNMEDLINE INC$827.0M5.1%21.0MAdded
LINLINDE PLC$808.6M4.9%1.6MNew buy
TERTERADYNE INC$722.4M4.4%1.5MHeld
GLWCORNING INC$696.8M4.3%2.7MTrimmed
CVNACARVANA CO$692.5M4.2%10.5MAdded
HUTHUT 8 CORP$666.5M4.1%5.8MHeld
PFGCPERFORMANCE FOOD GROUP CO$654.3M4.0%5.9MAdded
NUNU HLDGS LTD$630.9M3.9%47.2MHeld
WULFTERAWULF INC$596.4M3.6%24.1MHeld
CRSCARPENTER TECHNOLOGY CORP$593.9M3.6%962.8KTrimmed

† Share count moved sharply against value during the quarter — likely a stock split in the reporting, not a real position change.

Quarterly changes — quarter ended 30 June 2026

40 changes vs prior quarter
New buys13
Adds5
Trims7
Exits15

What changed against the previous quarter's filing: new positions first, then adds, trims and exits, each sorted by position size.

PositionChangeShares movedValue after
NBISNEBIUS GROUP N.V.New buy+4.3M$1.2B
STXSEAGATE TECHNOLOGY HLDNGS PLNew buy+1.0M$965.1M
HDHOME DEPOT INCNew buy+2.6M$918.1M
AMATAPPLIED MATLS INCNew buy+1.2M$873.2M
LINLINDE PLCNew buy+1.6M$808.6M
TTMITTM TECHNOLOGIES INCNew buy+2.7M$512.1M
STRLSTERLING INFRASTRUCTURE INCNew buy+609.6K$511.7M
ONONON HLDG AGNew buy+13.3M$470.4M
BTDRBITDEER TECHNOLOGIES GROUPNew buy+7.0M$111.4M
SHAZSHARONAI HOLDINGS INCNew buy+1.2M$102.4M
KGSKODIAK GAS SVCS INCNew buy+845.1K$63.5M
IBKRINTERACTIVE BROKERS GROUP INNew buy+577.7K$50.3M
SESEA LTDNew buy+494.6K$47.4M
MDLNMEDLINE INCAdded+9.2M$827.0M
CVNACARVANA COAdded+8.8M$692.5M
PFGCPERFORMANCE FOOD GROUP COAdded+1.9M$654.3M
USFDUS FOODS HLDG CORPAdded+1.1M$502.5M
VVISA INCAdded+73.2K$56.9M
GLWCORNING INCTrimmed−990.1K$696.8M
CRSCARPENTER TECHNOLOGY CORPTrimmed−855.1K$593.9M
APPAPPLOVIN CORPTrimmed−422.7K$537.0M
LPLALPL FINL HLDGS INCTrimmed−830.9K$343.4M
TSMTAIWAN SEMICONDUCTOR MANUFACTrimmed−1.3M$48.4M
MCKMCKESSON CORPTrimmed−334.4K$43.7M
BNBROOKFIELD CORPTrimmed−10.4M$33.8M
VSTVISTRA CORPSold out−6.2Mwas $930.2M
TLNTALEN ENERGY CORPSold out−1.8Mwas $580.3M
CLHCLEAN HARBORS INCSold out−1.8Mwas $503.2M
THCTENET HEALTHCARE CORPSold out−2.3Mwas $426.2M
COFCAPITAL ONE FINL CORPSold out−2.3Mwas $413.6M
ENTGENTEGRIS INCSold out−3.1Mwas $365.2M
CIENCIENA CORPSold out−809.5Kwas $314.3M
VMCVULCAN MATLS COSold out−144.2Kwas $39.3M
SPOTSPOTIFY TECHNOLOGY S ASold out−68.8Kwas $33.4M
MAMASTERCARD INCORPORATEDSold out−57.2Kwas $28.6M
APHAMPHENOL CORPSold out−223.1Kwas $28.2M
HLTHILTON WORLDWIDE HLDGS INCSold out−89.2Kwas $27.1M
KKRKKR & CO INCSold out−179.3Kwas $16.6M
BKNGBOOKING HOLDINGS INCSold out−2.4Kwas $10.1M
BSXBOSTON SCIENTIFIC CORPSold out−104.7Kwas $6.6M

Sector allocation

Technology41%
Financial Services14%
Industrials12%
Consumer Cyclical10%
Other / unclassified9%
Consumer Defensive7%
Basic Materials5%
Energy0%
Healthcare0%

Holdings by sector

Technology carries the largest share of disclosed value, at 41%.

Technology41%
AMAT · APP · ASML · GLW · GOOGL · NBIS · SE · STX · TER · TSM · TTMI
Financial Services14%
HUT · IBKR · LPLA · NU · V · WULF
Industrials12%
AGX · CRS · MTZ · STRL · TDG
Consumer Cyclical10%
CVNA · HD
Other / unclassified9%
BN · BTDR · MDLN · ONON · SHAZ
Consumer Defensive7%
PFGC · USFD
Basic Materials5%
LIN
Energy0%
KGS
Healthcare0%
MCK
What is Lone Pine Capital's biggest holding?

As of the quarter ended 30 June 2026, the largest disclosed position was NBIS (NEBIUS GROUP N.V.), about 7.2% of the disclosed US-listed portfolio by reported value.

What did Stephen Mandel's Lone Pine Capital buy in Q2 2026?

13 new positions were disclosed for the quarter ended 30 June 2026; the largest were NBIS, STX, HD. Adds and trims are listed in the quarterly-changes table on this page.

How concentrated is the portfolio?

Broadly diversified. The top five positions are 31% of disclosed value and the top ten are 54%.

When is Lone Pine Capital's next 13F due?

13F filings for the quarter ended 30 September 2026 are due by 16 November 2026 — managers have 45 days after each calendar quarter ends. Whether Lone Pine Capital files is up to the manager; we show whatever EDGAR receives.

Does this show the whole portfolio?

No. Form 13F covers US-listed long equity and some options only — no short bets, bonds, cash, private businesses, non-US holdings or timing inside the quarter. Amended filings replace originals; this page always shows the latest canonical version.

Read the form itself on SEC EDGAR or see our plain-words guide to 13F filings — Lone Pine Capital may have already changed these positions since 30 June 2026.

Lone Pine Capital 13F portfolio — holdings and quarterly moves · The Distributed