Which super PACs did Stephen Mandel Jr. fund in 2022?

Future Forward (FF PAC) ($5.0M), Ab PAC ($4.2M), House Majority PAC ($1.0M), Penn Progress, Inc. ($250K), DSCC ($183K).

Which candidates did Stephen Mandel Jr.'s money end up backing or attacking in 2022?

against Mehmet Oz (Pennsylvania Senate, about $1.4M, won); against JD Vance (Ohio Senate, about $469K, lost); against Herschel Junior Walker (Georgia Senate, about $433K, won). Amounts are the donor's share of each group's spending.

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Donor

Stephen Mandel Jr.

Individual

Founder, Lone Pine Capital · Connecticut

11 gifts to 6 groups, as reported to the FEC by the groups that received them.

Winner

Stephen Mandel Jr. gave $11M to super PACs and other outside groups in the 2022 federal elections, and 100% of it helped Democrats (FEC filings through Dec 31, 2022). Counting dollars, not candidates, and only races already called, 81% ended up on the winning side ($2.9M won, $672K lost).

Gave to outside spenders

$11M

100% of it helped Democrats

Ended up on the winning side

81%

$2.9M of the dollars in races already called

Spent on the losing side

$672K

Not spent yet

$7.0M

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
Future Forward (FF PAC) $2.8M not spent yet	$5.0M	$1.7M / $469K
Ab PAC $3.7M not spent yet	$4.2M	$436K / $0
House Majority PAC $173K not spent yet	$1.0M	$640K / $182K
Penn Progress, Inc. $67K not spent yet	$250K	$0 / $0
DSCC $101K not spent yet	$183K	$75K / $7K
DCCC $13K not spent yet	$72K	$45K / $14K

The trail

What the money bought

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

Candidate	Race	Spending	Their share	Paid off?
Mehmet Oz	Pennsylvania Senate	Attacking	$1.4M	✓ Yes
JD Vance	Ohio Senate	Attacking	$469K	✗ No
Herschel Junior Walker	Georgia Senate	Attacking	$433K	✓ Yes
John K. Fetterman	Pennsylvania Senate	Supporting	$333K	✓ Yes
Conor Lamb	Pennsylvania Senate (primary)	Supporting	$183K	Unknown
Mark Robertson	Nevada 1st District	Attacking	$32K	✓ Yes
Cassy Garcia	Texas 28th District	Attacking	$29K	✓ Yes
Karoline Leavitt	New Hampshire 1st District	Attacking	$28K	✓ Yes
Yesli I. Vega	Virginia 7th District	Attacking	$28K	✓ Yes
Tom Barrett	Michigan 7th District	Attacking	$28K	✓ Yes
Lisa Scheller	Pennsylvania 7th District	Attacking	$28K	✓ Yes
Jeremy Shaffer	Pennsylvania 17th District	Attacking	$27K	✓ Yes

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

Questions people ask

How much did Stephen Mandel Jr. spend on the 2022 elections, and did it win?: Stephen Mandel Jr. gave $11M to super PACs and other outside groups in the 2022 federal elections, and 100% of it helped Democrats (FEC filings through Dec 31, 2022). Counting dollars, not candidates, and only races already called, 81% ended up on the winning side ($2.9M won, $672K lost).
Which super PACs did Stephen Mandel Jr. fund in 2022?: Future Forward (FF PAC) ($5.0M), Ab PAC ($4.2M), House Majority PAC ($1.0M), Penn Progress, Inc. ($250K), DSCC ($183K).
Which candidates did Stephen Mandel Jr.'s money end up backing or attacking in 2022?: against Mehmet Oz (Pennsylvania Senate, about $1.4M, won); against JD Vance (Ohio Senate, about $469K, lost); against Herschel Junior Walker (Georgia Senate, about $433K, won). Amounts are the donor's share of each group's spending.