Which super PACs did Stephen Mandel fund in 2020?

Ab PAC ($3.5M), House Majority PAC ($1.3M), The Lincoln Project ($1.0M), Montana Hunters and Anglers Leadership Fund ($250K), DSCC ($71K).

Which candidates did Stephen Mandel's money end up backing or attacking in 2020?

against Donald Trump (President, about $3.2M, lost); against Kelly Loeffler (Georgia Senate (special), about $259K, won); for Steve Bullock (Montana Senate, about $180K, lost). Amounts are the donor's share of each group's spending.

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Donor

Stephen Mandel

Individual

Founder, Lone Pine Capital · Connecticut

14 gifts to 9 groups, as reported to the FEC by the groups that received them.

Mixed

Stephen Mandel gave $6.2M to super PACs and other outside groups in the 2020 federal elections, and 100% of it helped Democrats (FEC filings through Dec 31, 2020). Counting dollars, not candidates, and only races already called, 64% ended up on the winning side ($3.5M won, $2.0M lost).

Gave to outside spenders

$6.2M

100% of it helped Democrats

Ended up on the winning side

64%

$3.5M of the dollars in races already called

Spent on the losing side

$2.0M

Not spent yet

$739K

Sitting with groups that have not spent

Where the cheques went

A person writing cheques from their own fortune. Each gift is split the way the group that received it split its spending between winners and losers, so a $10M cheque to a group that spent 80% on losers counts as $8M on the losing side.

✓ Backed the winner or attacked the loser ✗ Backed the loser or attacked the winner Result not matched

Group	Gave	Won / lost
Ab PAC $527K not spent yet	$3.5M	$2.6M / $413K
House Majority PAC $73K not spent yet	$1.3M	$221K / $977K
The Lincoln Project $92K not spent yet	$1.0M	$667K / $241K
Montana Hunters and Anglers Leadership Fund $12K not spent yet	$250K	$0 / $238K
DSCC $27K not spent yet	$71K	$7K / $37K
Women Vote!	$50K	$12K / $37K
DCCC	$36K	$6K / $30K
Priorities USA Action $29 not spent yet	$25K	$21K / $4K
Unite the Country $3K not spent yet	$25K	$21K / $598

The trail

What the money bought

The candidates Stephen Mandel's money was spent for or against, pro-rated by Stephen Mandel's share of each group's funding.

Candidate	Race	Spending	Their share	Paid off?
Donald Trump	President (primary)	Attacking	$3.2M	✗ No
Kelly Loeffler	Georgia Senate (special)	Attacking	$259K	✓ Yes
Steve Bullock	Montana Senate	Supporting	$180K	✗ No
David A. Perdue	Georgia Senate	Attacking	$179K	✓ Yes
Steve Daines	Montana Senate	Attacking	$117K	✗ No
Joe Biden	President	Supporting	$81K	✓ Yes
Michelle Steel	California 48th District	Attacking	$65K	✗ No
Al Gross	Alaska Senate	Supporting	$52K	✗ No
Jeff Van Drew	New Jersey 2nd District	Attacking	$46K	✗ No
Lindsey Graham	South Carolina Senate	Attacking	$44K	✗ No
Mike Garcia	California 25th District	Attacking	$42K	✗ No
Michelle Fischbach	Minnesota 7th District	Attacking	$41K	✗ No

Individual as classified from the FEC entity type and public reporting.

Questions people ask

How much did Stephen Mandel spend on the 2020 elections, and did it win?: Stephen Mandel gave $6.2M to super PACs and other outside groups in the 2020 federal elections, and 100% of it helped Democrats (FEC filings through Dec 31, 2020). Counting dollars, not candidates, and only races already called, 64% ended up on the winning side ($3.5M won, $2.0M lost).
Which super PACs did Stephen Mandel fund in 2020?: Ab PAC ($3.5M), House Majority PAC ($1.3M), The Lincoln Project ($1.0M), Montana Hunters and Anglers Leadership Fund ($250K), DSCC ($71K).
Which candidates did Stephen Mandel's money end up backing or attacking in 2020?: against Donald Trump (President, about $3.2M, lost); against Kelly Loeffler (Georgia Senate (special), about $259K, won); for Steve Bullock (Montana Senate, about $180K, lost). Amounts are the donor's share of each group's spending.