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 $457K, lost); against Herschel Junior Walker (Georgia Senate, about $326K, 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 reported gifts; 6 recipient groups listed, as reported to the FEC by the groups that received them.

Backed winners

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 with varying coverage dates; the most common larger-campaign cutoff is Dec 31, 2022). Among dollars with a matched election-stage result, 81% were on the winning side ($2.7M won, $639K lost). $180K had no matched result and is excluded.

Gave to outside spenders

$11M

100% of it helped Democrats

Winning share of scored dollars

81%

$3.3M scored (31% of gifts)

Spent on the losing side

$639K

Not allocated or result unknown

$7.3M

$7.1M not allocated to tracked outside spending; $180K has no matched result. Neither is cash on hand.

Where the checks went

A person writing checks 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 check 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 allocated to tracked outside spending	$5.0M	$1.7M / $457K
Ab PAC $3.8M not allocated to tracked outside spending	$4.2M	$335K / $0
House Majority PAC $204K not allocated to tracked outside spending	$1.0M	$615K / $175K
Penn Progress, Inc. $76K not allocated to tracked outside spending	$250K	$0 / $0
DSCC $153K not allocated to tracked outside spending	$183K	$27K / $3K
DCCC $54K not allocated to tracked outside spending	$72K	$14K / $4K

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	$457K	✗ No
Herschel Junior Walker	Georgia Senate	Attacking	$326K	✓ Yes
John K. Fetterman	Pennsylvania Senate	Supporting	$324K	✓ Yes
Conor Lamb	Pennsylvania Senate (primary)	Supporting	$174K	Unknown
Mark Robertson	Nevada 1st District	Attacking	$30K	✓ Yes
Cassy Garcia	Texas 28th District	Attacking	$27K	✓ Yes
Yesli I. Vega	Virginia 7th District	Attacking	$26K	✓ Yes
Karoline Leavitt	New Hampshire 1st District	Attacking	$26K	✓ Yes
Jeremy Shaffer	Pennsylvania 17th District	Attacking	$25K	✓ Yes
Lisa Scheller	Pennsylvania 7th District	Attacking	$25K	✓ Yes
Tom Barrett	Michigan 7th District	Attacking	$25K	✓ 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 with varying coverage dates; the most common larger-campaign cutoff is Dec 31, 2022). Among dollars with a matched election-stage result, 81% were on the winning side ($2.7M won, $639K lost). $180K had no matched result and is excluded.
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 $457K, lost); against Herschel Junior Walker (Georgia Senate, about $326K, won). Amounts are the donor's share of each group's spending.