Stephen Mandel Lone Pine Capital
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$1.31B |
| 2 |
Cognizant
CTSH
|
+$880M |
| 3 |
eBay
EBAY
|
+$836M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$800M |
| 5 |
GAP
The Gap Inc
GAP
|
+$754M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 29.72% |
| 2 | Technology | 12.08% |
| 3 | Communication Services | 9.81% |
| 4 | Consumer Staples | 8.21% |
| 5 | Healthcare | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Booking.com
BKNG
$158B
| $1.42B | 6.92% |
+42,960,150
| New | +$1.31B |
|
|
2
Cognizant
CTSH
$27.9B
| $829M | 4.04% |
+26,477,830
| New | +$880M |
|
|
3
Alphabet (Google) Class C
GOOG
$4.18T
| $829M | 4.04% |
+37,809,550
| New | +$800M |
|
|
4
eBay
EBAY
$46.3B
| $802M | 3.91% |
+36,865,120
| New | +$836M |
|
|
GAP
5
The Gap Inc
GAP
$7.13B
| $799M | 3.89% |
+19,156,482
| New | +$754M |
|
6
Bausch Health
BHC
$2.41B
| $690M | 3.36% |
+8,012,507
| New | +$631M |
|
7
Dollar General
DG
$27.2B
| $689M | 3.35% |
+13,655,169
| New | +$708M |
|
|
MON
8
DELISTED
Monsanto Co
MON
| $613M | 2.99% |
+6,207,263
| New | +$650M |
|
9
Intuitive Surgical
ISRG
$134B
| $588M | 2.86% |
+10,449,612
| New | +$576M |
|
|
MJN
10
DELISTED
Mead Johnson Nutrition Company
MJN
| $587M | 2.86% |
+7,407,735
| New | +$594M |
|
11
Qualcomm
QCOM
$169B
| $569M | 2.77% |
+9,316,298
| New | +$594M |
|
12
Capri Holdings
CPRI
$1.55B
| $554M | 2.7% |
+8,925,275
| New | +$523M |
|
13
Ulta Beauty
ULTA
$22.4B
| $513M | 2.5% |
+5,119,504
| New | +$461M |
|
14
Kinder Morgan
KMI
$69B
| $469M | 2.28% |
+12,292,738
| New | +$477M |
|
15
Ralph Lauren
RL
$22.2B
| $457M | 2.23% |
+2,630,438
| New | +$463M |
|
16
Charter Communications
CHTR
$17.9B
| $455M | 2.22% |
+3,674,874
| New | +$404M |
|
|
NWSA
17
DELISTED
NEWS CORPORATION CL-A
NWSA
| $448M | 2.18% |
+13,757,775
| New | +$438M |
|
18
Corpay
CPAY
$27.4B
| $435M | 2.12% |
+5,350,347
| New | +$435M |
|
19
Herc Holdings
HRI
$5.41B
| $430M | 2.09% |
+5,777,474
| New | +$422M |
|
20
Dollar Tree
DLTR
$25.3B
| $409M | 1.99% |
+8,053,196
| New | +$392M |
|
21
TransDigm Group
TDG
$66.4B
| $401M | 1.95% |
+2,556,210
| New | +$384M |
|
22
Equinix
EQIX
$105B
| $386M | 1.88% |
+2,087,116
| New | +$434M |
|
|
HOUS
23
DELISTED
Anywhere Real Estate
HOUS
| $380M | 1.85% |
+7,900,805
| New | +$387M |
|
24
Crown Castle
CCI
$32.1B
| $366M | 1.78% |
+5,052,143
| New | +$371M |
|
25
PUT
Tesla
TSLA
$1.43T
| $344M | 1.68% |
+48,120,000
| New | +$242M |
|
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Stephen Mandel's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Stephen Mandel, which disclosed 59 positions worth $20.5B. Its ten largest holdings account for 38% of the portfolio.
Its largest position is Booking.com: 42,960,150 shares worth $1.42B.
By sector, the portfolio is most concentrated in Consumer Discretionary at 30% of assets, followed by Technology and Communication Services.
- Stephen Mandel's largest Q2 2013 buy was Booking.com: 42,960,150 shares worth $1.42B.
- Stephen Mandel's ten largest holdings make up 38% of its $20.5B portfolio in Q2 2013.
- Stephen Mandel disclosed 59 positions in Q2 2013, its first 13F filing on record.
Based on Lone Pine Capital's 13F filing for Q2 2013, filed 14 Aug 2013.