Stephen Mandel Lone Pine Capital
Stephen Mandel founded Lone Pine Capital, a long/short equity firm that became one of the most influential Tiger Cub franchises. Lone Pine is known for fundamental research and growth-oriented equity investing with risk management through shorting and portfolio construction. Even as the firm’s structure has evolved over time, Mandel’s name remains closely associated with institutional growth investing.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$1.31B |
| 2 |
Cognizant
CTSH
|
+$880M |
| 3 |
eBay
EBAY
|
+$836M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$800M |
| 5 |
GAP
The Gap Inc
GAP
|
+$754M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 29.72% |
| 2 | Technology | 12.08% |
| 3 | Communication Services | 9.81% |
| 4 | Consumer Staples | 8.21% |
| 5 | Healthcare | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
KMI.WS
26
DELISTED
Kinder Morgan Inc
KMI.WS
| $335M | 1.63% |
+65,457,804
| New | +$359M |
|
27
VeriSign
VRSN
$25.5B
| $335M | 1.63% |
+7,498,853
| New | +$347M |
|
28
Tapestry
TPR
$26B
| $334M | 1.63% |
+5,858,347
| New | +$329M |
|
29
CME Group
CME
$98.9B
| $296M | 1.44% |
+3,899,076
| New | +$256M |
|
30
American Express
AXP
$227B
| $278M | 1.35% |
+3,719,848
| New | +$265M |
|
|
BEAV
31
DELISTED
B/E Aerospace Inc
BEAV
| $272M | 1.32% |
+5,953,509
| New | +$268M |
|
32
Travel + Leisure Co
TNL
$4.39B
| $272M | 1.32% |
+10,512,538
| New | +$289M |
|
33
Oceaneering
OII
$5.28B
| $250M | 1.22% |
+3,467,861
| New | +$242M |
|
34
Meta Platforms (Facebook)
META
$1.4T
| $245M | 1.2% |
+9,864,619
| New | +$253M |
|
35
Visa
V
$693B
| $241M | 1.17% |
+5,280,420
| New | +$231M |
|
|
GRA
36
DELISTED
W.R. Grace & Co.
GRA
| $241M | 1.17% |
+2,868,750
| New | +$228M |
|
37
Liberty Media Series A
FWONA
$24.2B
| $236M | 1.15% |
+10,486,343
| New | +$222M |
|
38
Thermo Fisher Scientific
TMO
$233B
| $234M | 1.14% |
+2,766,476
| New | +$230M |
|
39
Sally Beauty Holdings
SBH
$1.55B
| $233M | 1.14% |
+7,496,661
| New | +$227M |
|
40
Workday
WDAY
$49.4B
| $226M | 1.1% |
+3,522,285
| New | +$221M |
|
|
ONIT
41
Onity Group
ONIT
$301M
| $225M | 1.09% |
+363,217
| New | +$219M |
|
42
H&R Block
HRB
$6.62B
| $212M | 1.03% |
+7,636,044
| New | +$218M |
|
|
SEMG
43
DELISTED
SEMGROUP CORPORATION
SEMG
| $210M | 1.02% |
+3,906,318
| New | +$207M |
|
44
JB Hunt Transport Services
JBHT
$25.9B
| $205M | 1% |
+2,831,614
| New | +$205M |
|
|
45
CALL
CME Group
CME
$98.9B
| $152M | 0.74% |
+2,000,000
| New | +$131M |
|
46
Liberty Global Class A
LBTYA
$3.63B
| $148M | 0.72% |
+4,873,457
| New | +$149M |
|
|
GRFS
47
Grifois
GRFS
$5.44B
| $125M | 0.61% |
+8,879,386
| New | +$125M |
|
48
TripAdvisor
TRIP
$1.17B
| $121M | 0.59% |
+1,991,854
| New | +$114M |
|
49
Liberty Global Class C
LBTYK
$3.55B
| $102M | 0.5% |
+3,709,964
| New | +$104M |
|
|
SHLD
50
PUT
DELISTED
Sears Holding Corporation
SHLD
| $95.7M | 0.47% |
+3,012,214
| New | +$113M |
|
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Stephen Mandel's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Stephen Mandel, which disclosed 59 positions worth $20.5B. Its ten largest holdings account for 38% of the portfolio.
Its largest position is Booking.com: 42,960,150 shares worth $1.42B.
By sector, the portfolio is most concentrated in Consumer Discretionary at 30% of assets, followed by Technology and Communication Services.
- Stephen Mandel's largest Q2 2013 buy was Booking.com: 42,960,150 shares worth $1.42B.
- Stephen Mandel's ten largest holdings make up 38% of its $20.5B portfolio in Q2 2013.
- Stephen Mandel disclosed 59 positions in Q2 2013, its first 13F filing on record.
Based on Lone Pine Capital's 13F filing for Q2 2013, filed 14 Aug 2013.