Stephen Mandel · quarter digest
What Stephen Mandel did in Q3 2025
Lone Pine Capital filed 24 moves in Q3 2025: 4 new, 5 add, 11 trim, 4 exit.
13F filed 2025-11-14. Manager quality score: q9. Philosophy: Long-only growth at a reasonable price. Deep research. Tiger Cub.
New positions · 4
Fresh money
NUNU HLDGS LTD
NEW·3.0% book·−11
SEASEA LTD
NEW·2.4% book·−7
CIENACIENA CORP
NEW·2.1% book·−8
EQIXETSY INC
NEW·1.9% book·−8
Adds · 5
Adding to conviction
BNBROADCOM INC
ADD +109%·8.8% book·+16
LPLALPL FINL HLDGS INC
ADD +20%·5.5% book·−6
PFEPHILIP MORRIS INTL INC
ADD +67%·5.4% book·−4
TLNTALEN ENERGY CORP
ADD +9%·3.7% book·−8
EQTEQT CORP
ADD +11%·3.3% book·−11
HoldLens Pro · Founders pricing
Email alerts + conviction scores + alpha attribution
€9/mo founders · cancel anytime
See pricing →
Trims · 11
Taking chips off
METAMETA PLATFORMS INC
TRIM -21%·7.1% book·−4
VSTVISTRA CORP
TRIM -27%·6.7% book·−10
TSMTAIWAN SEMICONDUCTOR MFG LTD
TRIM -11%·6.2% book·+7
APPAPPLOVIN CORP
TRIM -30%·5.8% book·−14
CVNACARVANA CO
TRIM -18%·4.8% book·−11
MSFTMICROSOFT CORP
TRIM -35%·4.6% book·+2
AMZNAMAZON COM INC
TRIM -44%·4.5% book·−13
COFCAPITAL ONE FINL CORP
TRIM -17%·4.0% book·−13
KKRKKR & CO INC
TRIM -22%·3.9% book·−7
FLUTFLUTTER ENTMT PLC
TRIM -7%·3.2% book·+3
BKNGBOOKING HOLDINGS INC
TRIM -48%·1.2% book·−14
Exits · 4
Closed positions
INTUINTUIT
EXIT·0.0% book·−16
UNHUNITEDHEALTH GROUP INC
EXIT·0.0% book·−4
CRMSALESFORCE INC
EXIT·0.0% book·−9
ASMLASML HOLDING N V
EXIT·0.0% book·−1
Current top holdings
Stephen Mandel’s book, latest snapshot
Other quarters for Stephen Mandel
Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.