Capital One Financial Corp (COF) is gone from Stephen Mandel's Lone Pine Capital portfolio as of June 30, 2026, according to the 13F-HR filed with the SEC on August 14, 2026. A quarter earlier the position was 2.27M shares worth about $413.6M, or 3.3% of the reported book. COF had been in the portfolio for 1.5 years, since the quarter ended December 31, 2024.
What did the 2026 Q2 filing report for COF?
As of June 30, 2026, from the 13F-HR filed August 14, 2026.
| Before | After | |
|---|---|---|
| Shares | 2.27M | 0 |
| Reported value | $413.6M | $0 |
| Portfolio weight | 3.3% | 0% |
| Held since | 2024 Q4 | sold out in 2026 Q2 |
| Quarters held | 6 |
What did Stephen Mandel sell?
Stephen Mandel sold 2.27M shares of COF between the quarter ended March 31, 2026 and June 30, 2026. The COF exit was the 14th largest of the quarter's 49 position changes by percent change to portfolio.
Where does COF sit in the Stephen Mandel portfolio?
Before the sale, COF carried 3.3% of the Stephen Mandel portfolio, about the fund's average stock position of 3%. The largest stock position is NBIS at 7.19%. Next come ASML at 6.92% and STX at 5.9%. The three largest stocks together are 20.01% of the book. Across the 2026 Q2 portfolio, Stephen Mandel reported 34 stock positions, with 13 opened and 15 closed. The total portfolio value is about $16.4B, up 30% from the prior quarter.
How long has Stephen Mandel held COF?
Stephen Mandel held COF for 1.5 years, from the quarter ended December 31, 2024 to March 31, 2026. The fund sold out of the name in 2020 Q4 and came back in 2024 Q4. The weight peaked at 4.99% in 2025 Q1. Last quarter the fund had trimmed the position by 1%. Every reported trade is on the Stephen Mandel COF trade history page.
Did other funds buy or sell COF in 2026 Q2?
Among the other tracked funds that had filed for 2026 Q2 as of August 14, 2026, 11 still hold COF. One other tracked fund sold out of it this quarter as well. The largest buyers of COF this quarter were Dodge & Cox Stock Fund, Richard Pzena and Bill Nygren. The largest sellers were Warren Buffett, Eagle Capital Management and Ole Andreas Halvorsen. Every tracked holder of COF is on the COF ownership page.
FAQ
How many COF shares did Stephen Mandel sell?
Stephen Mandel sold all 2.27M shares of COF it reported a quarter earlier, worth about $413.6M.
When did Stephen Mandel first buy COF?
Stephen Mandel first reported COF in the quarter ended June 30, 2020.
How much of the Stephen Mandel portfolio was COF?
COF was 3.3% of the Stephen Mandel portfolio at the prior quarter-end, and 0% after the sale.
Did other funds sell COF in 2026 Q2?
One other tracked fund sold out of COF in 2026 Q2 and 5 trimmed it; 11 still hold it.