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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
+6.77%
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
$19.4B
AUM Growth
+$528M
Cap. Flow
-$432M
Cap. Flow %
-2.22%
Top 10 Hldgs %
59.89%
Holding
31
New
3
Increased
13
Reduced
8
Closed
6

Top Buys

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$591M
2
FDC
First Data Corporation
FDC
+$528M
3
UNP icon
Union Pacific
UNP
+$485M
4
WYNN icon
Wynn Resorts
WYNN
+$320M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$280M

Top Sells

Rank Stock Value
1
BKNG icon
Booking.com
BKNG
+$1.08B
2
DLTR icon
Dollar Tree
DLTR
+$615M
3
SBAC icon
SBA Communications
SBAC
+$579M
4
UNH icon
UnitedHealth
UNH
+$287M
5
CSX icon
CSX Corp
CSX
+$269M

Sector Composition

Rank Sector Weight
1 Technology 29.53%
2 Consumer Discretionary 19.24%
3 Industrials 16.68%
4 Communication Services 13.61%
5 Healthcare 9.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BKNG icon
26
Booking.com
BKNG
$158B
– –
-13,276,500
Closed -$1.08B
DLTR icon
27
Dollar Tree
DLTR
$25.3B
– –
-7,233,575
Closed -$615M
MHK icon
28
Mohawk Industries
MHK
$9.23B
– –
-477,072
Closed -$102M
PAGS icon
29
PagSeguro Digital
PAGS
$2.38B
– –
-3,189,119
Closed -$88.5M
SBAC icon
30
SBA Communications
SBAC
$19.4B
– –
-3,508,194
Closed -$579M
XYZ
31
Block Inc
XYZ
$49.4B
– –
-2,694,573
Closed -$166M
1
2

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Stephen Mandel's Q3 2018 Portfolio in Review

As of Q3 2018, Stephen Mandel held 31 positions worth $19.4B, up 2.8% from $18.9B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Stephen Mandel's Q3 2018 filing shows 3 new, 13 increased, 8 reduced and 6 closed positions. Its largest new stake was First Data Corporation: 21,911,495 shares worth $536M. The largest sale was Booking.com, an estimated $1.08B.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 26% a quarter earlier, followed by Consumer Discretionary and Industrials.

  • Stephen Mandel's largest Q3 2018 buy was First Data Corporation: 21,911,495 shares worth $536M.
  • Stephen Mandel added most to Alibaba in Q3 2018, an estimated $591M increase.
  • Stephen Mandel's biggest Q3 2018 reduction was UnitedHealth, cutting an estimated $287M.
  • Stephen Mandel fully exited Booking.com in Q3 2018, selling an estimated $1.08B.
  • Stephen Mandel's ten largest holdings make up 60% of its $19.4B portfolio in Q3 2018.
  • Stephen Mandel opened 3 new positions and closed 6 in Q3 2018.
  • Stephen Mandel's portfolio value rose 2.8% quarter-over-quarter to $19.4B.

Based on Lone Pine Capital's 13F filing for Q3 2018, filed 14 Nov 2018.