Stephen Mandel

Founder, Lone Pine Capital

Long / ShortAUM $12.54BPositions 36Q1 2026

🏆 Clone Portfolio Track Record

Rank #18 of 69 by 3-year alpha vs SPY · mechanically replicating this book, rebalanced at filing dates

A strong clone record is a track record, not a forecast — tested across a decade it doesn't reliably repeat. See what actually holds up →

Analyst Take · Q1 2026

AI

Lone Pine's $12.5B book rotated into power and hard tech: VST +19%, TLN +41%, CRS +39%, APP +88%, with five new industrial/infrastructure names led by TER ($560M) and GLW. It exited AMZN, AVGO and DASH and cut KKR 96%. Utilities plus industrials now make up a third of the book — a real shift for a former FANG house.

Generated quarterly from the filing data itself — holdings, changes, sector mix and clone-performance rank. Not investment advice.

Stephen Mandel founded Lone Pine Capital, a long/short equity hedge fund. A former Tiger Management analyst under Julian Robertson, Mandel is known for his rigorous fundamental research and concentrated portfolio approach in both U.S. and international equities.