Investor: Stephen Mandel
Number of Assets: 36
Reporting Period: Q1 - 2026
Holdings at Report: $12,543,849,391
Return Since Report: +$195,129,539
Return Since Report: +1.56%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Amphenol Corp. (APH) | Equity | -92.06% | 223,084 | 0.22% | $126.35 | $125.00 | $28,186,663 | $27,885,500 | -$301,163 | -1.07% |
| Booking Holdings Inc. (BKNG) | Equity | -48.06% | 2,405 | 0.08% | $4,210.32 | $154.13 | $10,125,820 | $370,683 | -$9,755,137 | -96.34% |
| Capital One Financial Corp. (COF) | Equity | -1.21% | 2,267,056 | 3.30% | $182.43 | $187.17 | $413,579,026 | $424,324,872 | +$10,745,846 | +2.60% |
| Ciena Corp. (CIEN) | Equity | +100% | 809,522 | 2.51% | $388.23 | $554.46 | $314,280,726 | $448,847,568 | +$134,566,842 | +42.82% |
| Entegris Inc. (ENTG) | Equity | +1.99% | 3,115,054 | 2.91% | $117.24 | $133.07 | $365,208,931 | $414,520,236 | +$49,311,305 | +13.50% |
| KKR & Co. Inc. (KKR) | Equity | -96.41% | 179,308 | 0.13% | $92.50 | $96.97 | $16,585,990 | $17,387,497 | +$801,507 | +4.83% |
| Mastercard Inc. (MA) | Equity | -40.62% | 57,201 | 0.23% | $499.66 | $494.20 | $28,581,052 | $28,268,734 | -$312,318 | -1.09% |
| Nu Holdings Ltd. (NU) | Equity | +28.29% | 38,011,225 | 4.35% | $14.37 | $12.15 | $546,221,303 | $461,836,384 | -$84,384,919 | -15.45% |
| Performance Food Group Company (PFGC) | Equity | +100% | 3,978,158 | 2.72% | $85.66 | $95.97 | $340,769,014 | $381,783,823 | +$41,014,809 | +12.04% |
| Talen Energy Corp. (TLN) | Equity | +40.65% | 1,817,947 | 4.63% | $319.23 | $334.24 | $580,343,221 | $607,630,605 | +$27,287,384 | +4.70% |
| Terawulf Inc. (WULF) | Equity | +100% | 19,921,430 | 2.29% | $14.43 | N/A | $287,466,235 | N/A | N/A | N/A |
| Vistra Corp. (VST) | Equity | +18.72% | 6,187,585 | 7.42% | $150.33 | $139.68 | $930,179,653 | $864,281,873 | -$65,897,780 | -7.08% |
| Alphabet Inc. (GOOGL) | Equity | +100% | 187,561 | 0.43% | $287.56 | $396.78 | $53,935,041 | $74,420,454 | +$20,485,413 | +37.98% |
| ASML Holding N.V. (ASML) | Equity | +8.29% | 655,148 | 6.90% | $1,320.83 | $1,501.81 | $865,339,133 | $983,907,818 | +$118,568,685 | +13.70% |
| Brookfield Corp. (BN) | Equity | -29.61% | 11,208,969 | 3.62% | $40.47 | $45.53 | $453,626,975 | $510,344,359 | +$56,717,384 | +12.50% |
| Carvana Co. (CVNA) | Equity | -1.38% | 1,754,709 | 4.40% | $314.38 | $67.17 | $551,645,415 | $117,863,804 | -$433,781,611 | -78.63% |
| Corning Inc. (GLW) | Equity | +100% | 3,718,147 | 4.03% | $135.97 | $191.81 | $505,556,448 | $713,177,776 | +$207,621,328 | +41.07% |
| Hut 8 Corp. (HUT) | Equity | +100% | 6,078,951 | 2.27% | $46.91 | N/A | $285,163,591 | N/A | N/A | N/A |
| Mastec Inc. (MTZ) | Equity | +100% | 1,531,050 | 3.93% | $321.74 | $414.90 | $492,600,027 | $635,232,645 | +$142,632,618 | +28.96% |
| Medline INC | Equity | +0.62% | 11,789,156 | 4.18% | $44.50 | N/A | $524,617,442 | N/A | N/A | N/A |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | -54.48% | 1,389,530 | 3.74% | $337.95 | $404.35 | $469,591,664 | $561,856,456 | +$92,264,792 | +19.65% |
| Teradyne Inc. (TER) | Equity | +100% | 1,872,876 | 4.43% | $296.46 | $138.81 | $555,232,819 | $259,973,918 | -$295,258,901 | -53.18% |
| Visa Inc. (V) | Equity | +509.68% | 92,775 | 0.22% | $302.24 | $325.75 | $28,040,316 | $30,221,456 | +$2,181,140 | +7.78% |
| Applovin Corp. (APP) | Equity | +87.68% | 1,464,923 | 4.65% | $398.00 | $501.00 | $583,039,354 | $733,926,423 | +$150,887,069 | +25.88% |
| Argan Inc. (AGX) | Equity | +100% | 393,134 | 1.71% | $544.65 | $722.41 | $214,120,433 | $284,001,967 | +$69,881,534 | +32.64% |
| Boston Scientific Corp. (BSX) | Equity | -48.11% | 104,655 | 0.05% | $62.75 | $52.70 | $6,567,101 | $5,515,319 | -$1,051,783 | -16.02% |
| Carpenter Technology Corp. (CRS) | Equity | +38.46% | 1,817,940 | 5.71% | $394.15 | $408.93 | $716,541,051 | $743,410,204 | +$26,869,153 | +3.75% |
| Clean Harbors Inc. (CLH) | Equity | +27.34% | 1,754,950 | 4.01% | $286.73 | N/A | $503,196,814 | N/A | N/A | N/A |
| Hilton Worldwide Holdings Inc. (HLT) | Equity | +54.36% | 89,249 | 0.22% | $304.08 | $316.13 | $27,138,836 | $28,213,840 | +$1,075,004 | +3.96% |
| Lpl Financial Holdings Inc. (LPLA) | Equity | -1.20% | 2,049,967 | 4.92% | $300.83 | $299.73 | $616,691,573 | $614,436,609 | -$2,254,964 | -0.37% |
| Mckesson Corp. (MCK) | Equity | +100% | 392,224 | 2.71% | $865.36 | $760.57 | $339,414,961 | $298,313,808 | -$41,101,153 | -12.11% |
| Spotify Technology S.A. (SPOT) | Equity | +287.59% | 68,844 | 0.27% | $484.91 | $436.63 | $33,383,144 | $30,059,356 | -$3,323,788 | -9.96% |
| Tenet Healthcare Corp. (THC) | Equity | +26.37% | 2,258,717 | 3.40% | $188.71 | $196.66 | $426,242,485 | $444,199,285 | +$17,956,800 | +4.21% |
| Transdigm Group Inc. (TDG) | Equity | +85.55% | 35,677 | 0.33% | $1,158.96 | $1,148.97 | $41,348,216 | $40,991,803 | -$356,413 | -0.86% |
| Us Foods Holding Corp. (USFD) | Equity | +100% | 3,795,998 | 2.79% | $92.21 | $82.38 | $350,028,976 | $312,714,315 | -$37,314,661 | -10.66% |
| Vulcan Materials Company (VMC) | Equity | -91.44% | 144,179 | 0.31% | $272.30 | $267.83 | $39,259,942 | $38,615,462 | -$644,480 | -1.64% |