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Stephen Mandel Lone Pine Capital

AUM $16.4B
1-Year Est. Return 99.7%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+6.57%
1 Year Est. Return
+99.7%
3 Year Est. Return
+351.82%
5 Year Est. Return
+339.1%
10 Year Est. Return
+2,106.14%
AUM
$21.7B
AUM Growth
+$1.58B
Cap. Flow
+$556M
Cap. Flow %
2.57%
Top 10 Hldgs %
50%
Holding
44
New
3
Increased
16
Reduced
12
Closed
7

Top Buys

Rank Stock Value
1
YUM icon
Yum! Brands
YUM
+$693M
2
SHPG
Shire pic
SHPG
+$457M
3
MNST icon
Monster Beverage
MNST
+$438M
4
BKNG icon
Booking.com
BKNG
+$427M
5
ATVI
Activision Blizzard
ATVI
+$378M

Top Sells

Rank Stock Value
1
JD icon
JD.com
JD
+$585M
2
AGN
Allergan plc
AGN
+$480M
3
MSFT icon
Microsoft
MSFT
+$440M
4
BXLT
BAXALTA INC COM STK (DE)
BXLT
+$428M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$353M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 28.22%
2 Consumer Staples 16.52%
3 Communication Services 15.43%
4 Technology 13.03%
5 Financials 8.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PYPL icon
26
PayPal
PYPL
$52.7B
$405M 1.87%
11,080,118
+650,000
+6% +$24.8M
HDB icon
27
HDFC Bank
HDB
$121B
$390M 1.8%
23,512,372
– –
MHK icon
28
Mohawk Industries
MHK
$9.23B
$345M 1.59%
1,818,269
– –
SHW icon
29
Sherwin-Williams
SHW
$84.1B
$336M 1.55%
+3,431,004
New +$334M
EA
30
DELISTED
Electronic Arts
EA
$269M 1.24%
3,555,356
+1,644,713
+86% +$116M
PXD
31
DELISTED
Pioneer Natural Resource Co.
PXD
$201M 0.93%
1,329,480
– –
ANET icon
32
Arista Networks
ANET
$238B
$120M 0.56%
29,943,440
– –
GOOGL icon
33
Alphabet (Google) Class A
GOOGL
$4.22T
$116M 0.54%
3,300,160
-9,617,020
-74% -$353M
VISN
34
Vistance Networks Inc
VISN
$2.59B
$108M 0.5%
3,492,871
+2,639,885
+309% +$78.3M
SHLD
35
PUT
DELISTED
Sears Holding Corporation
SHLD
$47.6M 0.22%
3,500,000
+1,490,000
+74% +$21M
UVXY icon
36
PUT
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$268M
– –
-2
Closed -$36.2M
AXP icon
37
American Express
AXP
$227B
$1.52M 0.01%
25,000
– –
VXX
38
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
$1.38M 0.01%
6,250
-181,250
-97% -$45.2M
DEO icon
39
CALL
Diageo
DEO
$52.6B
– –
-2,850,000
Closed -$307M
ILMN icon
40
Illumina
ILMN
$33.1B
– –
-1,722,062
Closed -$272M
JD icon
41
JD.com
JD
$39.7B
– –
-22,079,215
Closed -$585M
AGN
42
DELISTED
Allergan plc
AGN
– –
-1,789,239
Closed -$480M
HZNP
43
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
– –
-13,997,232
Closed -$232M
BXLT
44
DELISTED
BAXALTA INC COM STK (DE)
BXLT
– –
-10,591,296
Closed -$428M
1
2

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Stephen Mandel's Q2 2016 Portfolio in Review

As of Q2 2016, Stephen Mandel held 44 positions worth $21.7B, up 7.8% from $20.1B the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Stephen Mandel's Q2 2016 filing shows 3 new, 16 increased, 12 reduced and 7 closed positions. Its largest new stake was Shire pic: 2,529,148 shares worth $466M. The largest sale was JD.com, an estimated $585M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, up from 25% a quarter earlier, followed by Consumer Staples and Communication Services.

  • Stephen Mandel's largest Q2 2016 buy was Shire pic: 2,529,148 shares worth $466M.
  • Stephen Mandel added most to Yum! Brands in Q2 2016, an estimated $693M increase.
  • Stephen Mandel's biggest Q2 2016 reduction was Microsoft, cutting an estimated $440M.
  • Stephen Mandel fully exited JD.com in Q2 2016, selling an estimated $585M.
  • Stephen Mandel's ten largest holdings make up 50% of its $21.7B portfolio in Q2 2016.
  • Stephen Mandel opened 3 new positions and closed 7 in Q2 2016.
  • Stephen Mandel's portfolio value rose 7.8% quarter-over-quarter to $21.7B.

Based on Lone Pine Capital's 13F filing for Q2 2016, filed 15 Aug 2016.