Stephen Mandel
Lone Pine Capital
Stephen Mandel Terawulf Inc stake
total: 304
Lone Pine Capital WULF trades
- Total transactions:
- 5
- New positions:
- 2
- Sold out:
- 1
- Added:
- 1
- Reduced:
- 1
- Held since:
- 2026 Q1
- Held for:
- 2 quarters
- Latest activity:
- 2026 Q2
According to 2026 Q2 report, Stephen Mandel holds 24,144,625 Terawulf Inc (WULF) shares with a market value of roughly $596.37M accounting for 3.65% of the overall portfolio. To date, the estimated cost basis is nearly $16.23 for "buy" trades. Lone Pine Capital first purchased WULF in 2024 Q3, initially acquiring about 3.07M shares. Stephen Mandel later completely sold out the position and invested in Terawulf Inc again in 2026 Q1. Since the initial investment in Terawulf Inc (WULF), Lone Pine Capital has made 4 more transactions.
When did Stephen Mandel buy Terawulf Inc (WULF)?
Stephen Mandel first invested in Terawulf Inc (WULF) in 2024 Q3 at the reported quarter-end price of $4.68 per share.
What's the cost basis of Lone Pine Capital's WULF stake?
The estimated cost basis for Terawulf Inc (WULF) stake is around $16.23 per share. This represents their average reported price* across all buy transactions
Estimated cost basis*
- Weighted AVG buy price:
- $16.23
Stephen Mandel's historical trades in Terawulf Inc
5 results
| Period |
% of portfolio |
Shares held after* |
Reported price* |
Value* |
% (shares) of activity |
% change to portfolio |
|---|---|---|---|---|---|---|
|
2026 Q2
|
3.65%
|
24,144,625
|
$24.70
|
$596,372,238
|
+21.20% (+4,223,195)
|
+0.64%
|
|
2026 Q1
|
2.29%
|
19,921,430
|
$14.43
|
$287,466,235
|
new
|
+2.29%
|
|
2025 Q1
|
0.00%
|
0
|
$5.66
|
|
-100% (-1,480,928)
|
-0.06%
|
|
2024 Q4
|
0.06%
|
1,480,928
|
$5.66
|
$8,382,052
|
-51.73% (-1,586,868)
|
-0.07%
|
|
2024 Q3
|
0.11%
|
3,067,796
|
$4.68
|
$14,357,285
|
new
|
+0.11%
|
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
* Estimated cost basis: based on "Reported price*" (not earlier than 2013 Q2). Calculation starts from the latest "new buy" activity to the latest "close out" activity (if any).
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* New buy or own: this means there is no earlier reporting (for us or in general). So we can't know if the actual purchase of the security happened at the reported period or earlier.