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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
+5.04%
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
$26.7B
AUM Growth
+$303M
Cap. Flow
-$392M
Cap. Flow %
-1.47%
Top 10 Hldgs %
45.3%
Holding
65
New
11
Increased
20
Reduced
14
Closed
9

Top Buys

Rank Stock Value
1
ILMN icon
Illumina
ILMN
+$560M
2
MSFT icon
Microsoft
MSFT
+$553M
3
CHTR icon
Charter Communications
CHTR
+$369M
4
HBI
Hanesbrands
HBI
+$248M
5
WBA
Walgreens Boots Alliance
WBA
+$225M

Top Sells

Rank Stock Value
1
BIDU icon
Baidu
BIDU
+$1.1B
2
AAPL icon
Apple
AAPL
+$851M
3
CPRI icon
Capri Holdings
CPRI
+$738M
4
CP icon
Canadian Pacific Kansas City
CP
+$575M
5
VIPS icon
Vipshop
VIPS
+$322M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 20.01%
2 Healthcare 18.37%
3 Technology 13.65%
4 Financials 9.42%
5 Communication Services 7.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FXE icon
1
PUT
Invesco CurrencyShares Euro Currency Trust
FXE
$345M
$2.19B 8.19%
20,000,000
– –
JD icon
2
JD.com
JD
$39.7B
$1.43B 5.34%
41,890,558
+3,363,298
+9% +$114M
BKNG icon
3
Booking.com
BKNG
$158B
$1.37B 5.13%
29,794,850
-3,449,525
-10% -$165M
ILMN icon
4
Illumina
ILMN
$33.1B
$1.24B 4.64%
5,837,536
+2,866,510
+96% +$560M
BHC icon
5
Bausch Health
BHC
$2.41B
$1.18B 4.41%
5,310,143
-259,317
-5% -$57.5M
MSFT icon
6
Microsoft
MSFT
$3.59T
$1.17B 4.39%
26,598,524
+12,112,415
+84% +$553M
CHTR icon
7
Charter Communications
CHTR
$17.9B
$921M 3.45%
5,377,312
+2,049,333
+62% +$369M
MA icon
8
Mastercard
MA
$509B
$909M 3.4%
9,726,632
-3,247,021
-25% -$298M
CPAY icon
9
Corpay
CPAY
$27.4B
$855M 3.2%
5,478,615
– –
META icon
10
Meta Platforms (Facebook)
META
$1.4T
$837M 3.13%
9,761,722
+1,654,800
+20% +$135M
WMB icon
11
Williams Companies
WMB
$86.2B
$800M 2.99%
13,943,148
+1,927,849
+16% +$99.3M
NKE icon
12
Nike
NKE
$60.5B
$773M 2.89%
14,311,720
+2,954,400
+26% +$151M
EQIX icon
13
Equinix
EQIX
$105B
$764M 2.86%
3,005,944
+276,566
+10% +$70.5M
ADBE icon
14
Adobe
ADBE
$109B
$751M 2.81%
9,264,439
-2,780,954
-23% -$217M
AGN
15
DELISTED
Allergan plc
AGN
$697M 2.61%
2,297,966
+465,652
+25% +$139M
V icon
16
Visa
V
$693B
$598M 2.24%
8,900,538
-609,730
-6% -$41.3M
LNG icon
17
Cheniere Energy
LNG
$57.3B
$550M 2.06%
7,943,511
-74,975
-0.9% -$5.62M
UVXY icon
18
PUT
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$268M
$528M 1.97%
10
+8
+400% +$471M
SBAC icon
19
SBA Communications
SBAC
$19.4B
$527M 1.97%
4,584,339
-1,876,339
-29% -$220M
CHTR icon
20
CALL
Charter Communications
CHTR
$17.9B
$522M 1.95%
+3,050,000
New +$549M
TDG icon
21
TransDigm Group
TDG
$66.4B
$498M 1.86%
2,215,423
– –
HOUS
22
DELISTED
Anywhere Real Estate
HOUS
$486M 1.82%
10,406,478
– –
LOW icon
23
Lowe's Companies
LOW
$121B
$472M 1.77%
7,053,887
+1,137,583
+19% +$81.1M
HCA icon
24
HCA Healthcare
HCA
$92.9B
$454M 1.7%
5,007,242
-829,630
-14% -$66.5M
WBA
25
DELISTED
Walgreens Boots Alliance
WBA
$439M 1.64%
5,198,204
+2,613,677
+101% +$225M
1
2 3

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Stephen Mandel's Q2 2015 Portfolio in Review

As of Q2 2015, Stephen Mandel held 65 positions worth $26.7B, up 1.1% from $26.4B the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Stephen Mandel's Q2 2015 filing shows 11 new, 20 increased, 14 reduced and 9 closed positions. Its largest new stake was Hanesbrands: 7,588,105 shares worth $253M. The largest sale was Baidu, an estimated $1.1B.

By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, down from 22% a quarter earlier, followed by Healthcare and Technology.

  • Stephen Mandel's largest Q2 2015 buy was Hanesbrands: 7,588,105 shares worth $253M.
  • Stephen Mandel added most to Illumina in Q2 2015, an estimated $560M increase.
  • Stephen Mandel's biggest Q2 2015 reduction was Mastercard, cutting an estimated $298M.
  • Stephen Mandel fully exited Baidu in Q2 2015, selling an estimated $1.1B.
  • Stephen Mandel's ten largest holdings make up 45% of its $26.7B portfolio in Q2 2015.
  • Stephen Mandel opened 11 new positions and closed 9 in Q2 2015.
  • Stephen Mandel's portfolio value rose 1.1% quarter-over-quarter to $26.7B.

Based on Lone Pine Capital's 13F filing for Q2 2015, filed 14 Aug 2015.