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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
+6.67%
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
$18.9B
AUM Growth
-$836M
Cap. Flow
-$1.99B
Cap. Flow %
-10.55%
Top 10 Hldgs %
54.33%
Holding
33
New
3
Increased
12
Reduced
11
Closed
5

Top Buys

Rank Stock Value
1
CP icon
Canadian Pacific Kansas City
CP
+$526M
2
NVDA icon
NVIDIA
NVDA
+$519M
3
WYNN icon
Wynn Resorts
WYNN
+$284M
4
MELI icon
Mercado Libre
MELI
+$173M
5
TDG icon
TransDigm Group
TDG
+$115M

Top Sells

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$776M
2
AVGO icon
Broadcom
AVGO
+$645M
3
TSM icon
TSMC
TSM
+$540M
4
BLK icon
Blackrock
BLK
+$498M
5
PYPL icon
PayPal
PYPL
+$346M

Sector Composition

Rank Sector Weight
1 Technology 25.92%
2 Consumer Discretionary 23.44%
3 Communication Services 12.09%
4 Healthcare 10.69%
5 Industrials 10.44%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MHK icon
26
Mohawk Industries
MHK
$9.23B
$102M 0.54%
+477,072
New +$104M
PAGS icon
27
PagSeguro Digital
PAGS
$2.38B
$88.5M 0.47%
3,189,119
+1,367,194
+75% +$45.2M
SE icon
28
Sea Limited
SE
$72B
$59.4M 0.31%
3,963,222
– –
AVGO icon
29
Broadcom
AVGO
$1.75T
– –
-27,377,410
Closed -$645M
BLK icon
30
Blackrock
BLK
$179B
– –
-918,870
Closed -$498M
EXAS
31
DELISTED
Exact Sciences
EXAS
– –
-1,298,001
Closed -$52.3M
TMUS icon
32
T-Mobile US
TMUS
$196B
– –
-3,486,629
Closed -$213M
TSM icon
33
TSMC
TSM
$2.17T
– –
-12,349,027
Closed -$540M
1
2

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Stephen Mandel's Q2 2018 Portfolio in Review

As of Q2 2018, Stephen Mandel held 33 positions worth $18.9B, down 4.2% from $19.7B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Stephen Mandel withdrew a net $1.99B in Q2 2018, closing 5 positions and reducing 11 holdings. Its most notable exit was Broadcom, an estimated $645M position sold in full.

By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 27% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Stephen Mandel opened a new position in Canadian Pacific Kansas City worth $524M.

  • Stephen Mandel's largest Q2 2018 buy was Canadian Pacific Kansas City: 14,307,890 shares worth $524M.
  • Stephen Mandel added most to Wynn Resorts in Q2 2018, an estimated $284M increase.
  • Stephen Mandel's biggest Q2 2018 reduction was Meta Platforms (Facebook), cutting an estimated $776M.
  • Stephen Mandel fully exited Broadcom in Q2 2018, selling an estimated $645M.
  • Stephen Mandel's ten largest holdings make up 54% of its $18.9B portfolio in Q2 2018.
  • Stephen Mandel opened 3 new positions and closed 5 in Q2 2018.
  • Stephen Mandel's portfolio value fell 4.2% quarter-over-quarter to $18.9B.

Based on Lone Pine Capital's 13F filing for Q2 2018, filed 14 Aug 2018.