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Stephen Mandel
GrowthLone Pine Capital
Tiger Cub known for concentrated growth equity positions.
Portfolio Value
$13.6B
Holdings
32
Top 10 Concentration
51.8%
Latest Period
Q4 2025
Portfolio Holdings
As reported on February 17, 2026 · vs Q3 2025
| # | Security | Value | Shares | % Portfolio | Change |
|---|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MFG LTD CUSIP: 874039100 | $927.6M | 3,052,400 | 6.8% | 0.0% |
| 2 | VISTRA CORP CUSIP: 92840M102 | $840.8M | 5,211,885 | 6.2% | +10.9% |
| 3 | CARVANA CO CUSIP: 146869102 | $750.9M | 1,779,328 | 5.5% | +0.8% |
| 4 | LPL FINL HLDGS INC CUSIP: 50212V100 | $741.1M | 2,074,948 | 5.4% | -8.0% |
| 5 | BROOKFIELD CORP CUSIP: 11271J107 | $730.7M | 15,923,360 | 5.4% | +56.4% |
| 6 | ASML HOLDING N V NEWCUSIP: N07059210 | $647.3M | 605,017 | 4.8% | NEW |
| 7 | KKR & CO INC CUSIP: 48251W104 | $637.5M | 5,001,085 | 4.7% | +22.6% |
| 8 | BROADCOM INC CUSIP: 11135F101 | $598.8M | 1,730,216 | 4.4% | +11.7% |
| 9 | MICROSOFT CORP CUSIP: 594918104 | $596.8M | 1,234,125 | 4.4% | +2.1% |
| 10 | DOORDASH INC NEWCUSIP: 25809K105 | $573.0M | 2,529,879 | 4.2% | NEW |
| 11 | AMAZON COM INC CUSIP: 023135106 | $557.3M | 2,414,520 | 4.1% | -14.1% |
| 12 | CAPITAL ONE FINL CORP CUSIP: 14040H105 | $556.2M | 2,294,891 | 4.1% | -10.7% |
| 13 | APPLOVIN CORP CUSIP: 03831W108 | $525.9M | 780,530 | 3.9% | -29.6% |
| 14 | NU HLDGS LTD CUSIP: G6683N103 | $496.0M | 29,630,237 | 3.6% | +16.6% |
| 15 | MEDLINE INC NEWCUSIP: 58507V107 | $492.1M | 11,716,697 | 3.6% | NEW |
| 16 | TALEN ENERGY CORP CUSIP: 87422Q109 | $484.5M | 1,292,516 | 3.6% | +8.4% |
| 17 | VULCAN MATLS CO CUSIP: 929160109 | $480.3M | 1,683,932 | 3.5% | +21.6% |
| 18 | PHILIP MORRIS INTL INC CUSIP: 718172109 | $424.0M | 2,643,579 | 3.1% | -42.7% |
| 19 | CARPENTER TECHNOLOGY CORP NEWCUSIP: 144285103 | $413.4M | 1,312,938 | 3.0% | NEW |
| 20 | WINGSTOP INC CUSIP: 974155103 | $380.5M | 1,595,258 | 2.8% | +7.0% |
| 21 | AMPHENOL CORP NEW CUSIP: 032095101 | $379.7M | 2,809,773 | 2.8% | -7.1% |
| 22 | TENET HEALTHCARE CORP NEWCUSIP: 88033G407 | $355.2M | 1,787,326 | 2.6% | NEW |
| 23 | CLEAN HARBORS INC NEWCUSIP: 184496107 | $323.1M | 1,378,125 | 2.4% | NEW |
| 24 | AFFIRM HLDGS INC NEWCUSIP: 00827B106 | $284.1M | 3,817,170 | 2.1% | NEW |
| 25 | ENTEGRIS INC NEWCUSIP: 29362U104 | $257.3M | 3,054,230 | 1.9% | NEW |
| 26 | MASTERCARD INCORPORATED NEWCUSIP: 57636Q104 | $55.0M | 96,338 | 0.4% | NEW |
| 27 | TRANSDIGM GROUP INC NEWCUSIP: 893641100 | $25.6M | 19,228 | 0.2% | NEW |
| 28 | BOOKING HOLDINGS INC CUSIP: 09857L108 | $24.8M | 4,630 | 0.2% | -85.1% |
| 29 | BOSTON SCIENTIFIC CORP NEWCUSIP: 101137107 | $19.2M | 201,703 | 0.1% | NEW |
| 30 | HILTON WORLDWIDE HLDGS INC NEWCUSIP: 43300A203 | $16.6M | 57,817 | 0.1% | NEW |
| 31 | SPOTIFY TECHNOLOGY S A NEWCUSIP: L8681T102 | $10.3M | 17,762 | 0.1% | NEW |
| 32 | VISA INC NEWCUSIP: 92826C839 | $5.3M | 15,217 | 0.0% | NEW |