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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
-12.21%
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
$16.9B
AUM Growth
-$2.01B
Cap. Flow
+$391M
Cap. Flow %
2.32%
Top 10 Hldgs %
52.95%
Holding
53
New
10
Increased
17
Reduced
12
Closed
14

Top Buys

Rank Stock Value
1
V icon
Visa
V
+$627M
2
HWM icon
Howmet Aerospace
HWM
+$560M
3
BBWI icon
Bath & Body Works
BBWI
+$516M
4
CVNA icon
Carvana
CVNA
+$317M
5
GPN icon
Global Payments
GPN
+$312M

Top Sells

Rank Stock Value
1
CRM icon
Salesforce
CRM
+$673M
2
UNP icon
Union Pacific
UNP
+$584M
3
MELI icon
Mercado Libre
MELI
+$555M
4
DPZ icon
Domino's
DPZ
+$509M
5
IQV icon
IQVIA
IQV
+$476M

Sector Composition

Rank Sector Weight
1 Technology 28.19%
2 Consumer Discretionary 22.63%
3 Communication Services 13.46%
4 Industrials 12.9%
5 Healthcare 10.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNP icon
51
CALL
Union Pacific
UNP
$183B
– –
-565,300
Closed -$102M
UNP icon
52
Union Pacific
UNP
$183B
– –
-3,230,202
Closed -$584M
XP icon
53
XP
XP
$8.53B
– –
-1,200,000
Closed -$46.2M
1 2
3

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Stephen Mandel's Q1 2020 Portfolio in Review

As of Q1 2020, Stephen Mandel held 53 positions worth $16.9B, down 11% from $18.9B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Stephen Mandel's Q1 2020 filing shows 10 new, 17 increased, 12 reduced and 14 closed positions. Its largest new stake was Visa: 3,329,975 shares worth $537M. The largest sale was Salesforce, an estimated $673M.

By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 29% a quarter earlier, followed by Consumer Discretionary and Communication Services.

  • Stephen Mandel's largest Q1 2020 buy was Visa: 3,329,975 shares worth $537M.
  • Stephen Mandel added most to Carvana in Q1 2020, an estimated $317M increase.
  • Stephen Mandel's biggest Q1 2020 reduction was Sea Limited, cutting an estimated $275M.
  • Stephen Mandel fully exited Salesforce in Q1 2020, selling an estimated $673M.
  • Stephen Mandel's ten largest holdings make up 53% of its $16.9B portfolio in Q1 2020.
  • Stephen Mandel opened 10 new positions and closed 14 in Q1 2020.
  • Stephen Mandel's portfolio value fell 11% quarter-over-quarter to $16.9B.

Based on Lone Pine Capital's 13F filing for Q1 2020, filed 15 May 2020.