Stephen Mandel's Lone Pine Capital significantly increased its investment in Carvana (CVNA), raising its stake by nearly 500%. According to its latest quarterly disclosure, the fund's holding grew from 1.75 million to over 10.52 million shares, with the position's reported value increasing to $692.47 million by the end of the second quarter.
As with all 13F filings, this update reflects trades made in the quarter ending June 30, 2026, and is not a real-time transaction. The disclosure precedes Carvana's announcement of record second-quarter results on July 29th and a successful debt refinancing in August. The sizable increase makes Carvana a continued high-conviction bet for the influential growth investor.