What Stephen Mandel did in Q1 2025

Lone Pine Capital filed 13 moves in Q1 2025: 0 new, 5 add, 3 trim, 5 exit.

13F filed 2025-05-15. Manager quality score: q9. Philosophy: Long-only growth at a reasonable price. Deep research. Tiger Cub.

Adds · 5

Adding to conviction

INTUINTUIT

ADD +21%·7.4% book·−8

AMZNAMAZON COM INC

ADD +15%·7.2% book·+6

MSFTMICROSOFT CORP

ADD +20%·6.4% book·+6

APPAPPLOVIN CORP

ADD +76%·4.4% book·−12

CRMSALESFORCE INC

ADD +11%·4.0% book·−8

Trims · 3

METAMETA PLATFORMS INC

TRIM -14%·8.8% book·+5

PFEPHILIP MORRIS INTL INC

TRIM -53%·4.1% book·−5

LLYELI LILLY & CO

TRIM -30%·3.9% book·−9

Exits · 5

PTCPTC INC

EXIT·0.0% book·−2

SPOTSPOTIFY TECHNOLOGY S A

EXIT·0.0% book·+1

WDAYWORKDAY INC

EXIT·0.0% book·−9

BLOCKBLOCK INC

EXIT·0.0% book·+4

LENLENNAR CORP

EXIT·0.0% book·−6

Current top holdings

#	Ticker	Weight	Conviction
1	META Meta Platforms	6.4%	+5
2	MSFT Microsoft	7.8%	+6
3	AMZN Amazon	6.9%	+6
4	NVDA NVIDIA	5.1%	+19
5	FTNT Fortinet	2.8%	+4

Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.