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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
+14.55%
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
$22.4B
AUM Growth
+$1.86B
Cap. Flow
-$297M
Cap. Flow %
-1.33%
Top 10 Hldgs %
38.88%
Holding
71
New
12
Increased
19
Reduced
18
Closed
14

Top Buys

Rank Stock Value
1
BIDU icon
Baidu
BIDU
+$682M
2
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$589M
3
MA icon
Mastercard
MA
+$440M
4
DVA icon
DaVita
DVA
+$361M
5
MON
Monsanto Co
MON
+$316M

Top Sells

Rank Stock Value
1
BKNG icon
Booking.com
BKNG
+$700M
2
ISRG icon
Intuitive Surgical
ISRG
+$588M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$474M
4
RL icon
Ralph Lauren
RL
+$457M
5
NWSA
NEWS CORPORATION CL-A
NWSA
+$448M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 23.13%
2 Communication Services 15.61%
3 Technology 14.37%
4 Consumer Staples 8.61%
5 Financials 8.44%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AXP icon
51
CALL
American Express
AXP
$227B
$126M 0.56%
+1,670,000
New +$126M
ASML icon
52
ASML
ASML
$677B
$102M 0.46%
1,032,466
– –
LOW icon
53
Lowe's Companies
LOW
$121B
$101M 0.45%
+2,114,588
New +$96M
HRB icon
54
H&R Block
HRB
$6.62B
$61.4M 0.27%
2,303,844
-5,332,200
-70% -$155M
PRKS icon
55
United Parks & Resorts
PRKS
$2.06B
$51.4M 0.23%
+1,736,193
New +$59.4M
CP icon
56
Canadian Pacific Kansas City
CP
$85B
$19.9M 0.09%
805,660
– –
BB icon
57
PUT
BlackBerry
BB
$4.71B
$199K ﹤0.01%
+25,000
New +$243K
HRI icon
58
Herc Holdings
HRI
$5.41B
– –
-5,777,474
Closed -$430M
ISRG icon
59
Intuitive Surgical
ISRG
$134B
– –
-10,449,612
Closed -$588M
JBHT icon
60
JB Hunt Transport Services
JBHT
$25.9B
– –
-2,831,614
Closed -$205M
QUAD icon
61
PUT
Quad
QUAD
$532M
– –
-56,800
Closed -$1.37M
RL icon
62
Ralph Lauren
RL
$22.2B
– –
-2,630,438
Closed -$457M
SBH icon
63
Sally Beauty Holdings
SBH
$1.55B
– –
-7,496,661
Closed -$233M
TMO icon
64
Thermo Fisher Scientific
TMO
$233B
– –
-2,766,476
Closed -$234M
TRIP icon
65
TripAdvisor
TRIP
$1.17B
– –
-1,991,854
Closed -$121M
TSLA icon
66
PUT
Tesla
TSLA
$1.43T
– –
-48,120,000
Closed -$344M
WBC
67
DELISTED
WABCO HOLDINGS INC.
WBC
– –
-1,046,166
Closed -$78.1M
ARG
68
DELISTED
Airgas Inc
ARG
– –
-902,488
Closed -$86.2M
ISS
69
DELISTED
ISOFTSTONE HLDGS LTD ADS EACH REPSTG 10 ORD SHS (CYM)
ISS
– –
-870,916
Closed -$4.49M
GRA
70
DELISTED
W.R. Grace & Co.
GRA
– –
-2,868,750
Closed -$241M
NWSA
71
DELISTED
NEWS CORPORATION CL-A
NWSA
– –
-13,757,775
Closed -$448M
1 2
3

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Stephen Mandel's Q3 2013 Portfolio in Review

As of Q3 2013, Stephen Mandel held 71 positions worth $22.4B, up 9.1% from $20.5B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Stephen Mandel's Q3 2013 filing shows 12 new, 19 increased, 18 reduced and 14 closed positions. Its largest new stake was Baidu: 5,289,262 shares worth $821M. The largest sale was Booking.com, an estimated $700M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 23% of assets, down from 30% a quarter earlier, followed by Communication Services and Technology.

  • Stephen Mandel's largest Q3 2013 buy was Baidu: 5,289,262 shares worth $821M.
  • Stephen Mandel added most to Monsanto Co in Q3 2013, an estimated $316M increase.
  • Stephen Mandel's biggest Q3 2013 reduction was Booking.com, cutting an estimated $700M.
  • Stephen Mandel fully exited Intuitive Surgical in Q3 2013, selling an estimated $588M.
  • Stephen Mandel's ten largest holdings make up 39% of its $22.4B portfolio in Q3 2013.
  • Stephen Mandel opened 12 new positions and closed 14 in Q3 2013.
  • Stephen Mandel's portfolio value rose 9.1% quarter-over-quarter to $22.4B.

Based on Lone Pine Capital's 13F filing for Q3 2013, filed 14 Nov 2013.