Stephen Mandel · quarter digest
What Stephen Mandel did in Q3 2025
Lone Pine Capital filed 28 moves in Q3 2025: 7 new, 5 add, 11 trim, 5 exit.
13F filed 2025-11-14. Manager quality score: q9. Philosophy: Long-only growth at a reasonable price. Deep research. Tiger Cub.
New positions · 7
Fresh money
VMCVULCAN MATLS CO
NEW·3.1% book·+8
NUNU HLDGS LTD
NEW·3.0% book·−13
APHAMPHENOL CORP NEW
NEW·2.7% book·−8
WINGWINGSTOP INC
NEW·2.7% book·−11
SESEA LTD
NEW·2.4% book·−4
CIENCIENA CORP
NEW·2.1% book·−11
ETSYETSY INC
NEW·1.9% book·−7
Adds · 5
Adding to conviction
AVGOBROADCOM INC
ADD +109%·8.8% book·−12
LPLALPL FINL HLDGS INC
ADD +20%·5.5% book·−10
PMPHILIP MORRIS INTL INC
ADD +67%·5.4% book·−20
TLNTALEN ENERGY CORP
ADD +9%·3.7% book·−10
EQTEQT CORP
ADD +11%·3.3% book·−4
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Remove with Pro →Trims · 11
Taking chips off
METAMETA PLATFORMS INC
TRIM -21%·7.1% book·−2
VSTVISTRA CORP
TRIM -27%·6.7% book·+1
TSMTAIWAN SEMICONDUCTOR MFG LTD
TRIM -11%·6.2% book·−2
APPAPPLOVIN CORP
TRIM -30%·5.8% book·−8
CVNACARVANA CO
TRIM -18%·4.8% book·−11
MSFTMICROSOFT CORP
TRIM -35%·4.6% book·−17
AMZNAMAZON COM INC
TRIM -44%·4.5% book·−6
COFCAPITAL ONE FINL CORP
TRIM -17%·4.0% book·−18
KKRKKR & CO INC
TRIM -22%·3.9% book·−13
FLUTFLUTTER ENTMT PLC
TRIM -7%·3.2% book·−7
BKNGBOOKING HOLDINGS INC
TRIM -48%·1.2% book·−8
Exits · 5
Closed positions
INTUINTUIT
EXIT·0.0% book·−21
UNHUNITEDHEALTH GROUP INC
EXIT·0.0% book·−24
CRMSALESFORCE INC
EXIT·0.0% book·−6
ASMLASML HOLDING N V
EXIT·0.0% book·+9
WIXWIX COM LTD
EXIT·0.0% book·−8
Current top holdings
Stephen Mandel’s book, latest snapshot
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Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.
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