We are live on !
Find out more
Stephen Mandel Lone Pine Capital
AUM
$16.4B
Turnover
57.14%
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
-1.87%
1 Year Est. Return
+99.7%
3 Year Est. Return
+351.81%
5 Year Est. Return
+339.1%
10 Year Est. Return
+2,106.13%
AUM
$19.2B
AUM Growth
-$3.24B
(-14%)
Cap. Flow
-$2.45B
Cap. Flow % of AUM
Cap. Flow %
-12.77%
Top 10 Holdings %
Top 10 Hldgs %
44.65%
Holding
47
New
8
Increased
12
Reduced
17
Closed
6
Avg Time Held
Equity + Options
1.3
years
Top 10 Avg Time Held
Equity + Options
0.7
years
Top 20 Avg Time Held
Equity + Options
0.9
years
Avg Time Held Equity only
1.3
years
Top 10 Avg Time Held Equity only
0.7
years
Top 20 Avg Time Held Equity only
0.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PayPal
PYPL
|
+$502M |
| 2 |
PNC Financial Services
PNC
|
+$436M |
| 3 |
Bank of America
BAC
|
+$417M |
| 4 |
Visa
V
|
+$339M |
| 5 |
Gen Digital
GEN
|
+$326M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
eBay
EBAY
|
+$696M |
| 2 |
Monster Beverage
MNST
|
+$609M |
| 3 |
Yum! Brands
YUM
|
+$569M |
| 4 |
Dollar Tree
DLTR
|
+$489M |
| 5 |
Hilton Worldwide
HLT
|
+$449M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 22.66% |
| 2 | Technology | 20.67% |
| 3 | Communication Services | 18.52% |
| 4 | Financials | 11.96% |
| 5 | Consumer Staples | 8.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Charter Communications
CHTR
$12.4B
| $1.36B | 7.09% |
4,715,772
-534,334
| -10% | -$144M |
2014 Q3
9 quarters
|
|
2
Constellation Brands
STZ
$22B
| $978M | 5.11% |
6,380,317
+813,625
| +15% | +$129M |
2015 Q3
5 quarters
|
|
3
Amazon
AMZN
$2.65T
| $969M | 5.06% |
25,854,560
| – | – |
2015 Q3
5 quarters
|
|
4
Microsoft
MSFT
$3.9T
| $945M | 4.93% |
15,213,996
+700,000
| +5% | +$42.1M |
2013 Q4
12 quarters
|
|
|
ATVI
5
DELISTED
Activision Blizzard
ATVI
| $746M | 3.89% |
20,648,534
+3,358,970
| +19% | +$134M |
2016 Q2
2 quarters
|
|
6
DELISTED
Electronic Arts
EA
| $742M | 3.87% |
9,422,175
+803,155
| +9% | +$64.6M |
2015 Q2
6 quarters
|
|
7
Nike
NKE
$57.3B
| $732M | 3.82% |
14,396,950
-3,055,824
| -18% | -$157M |
2015 Q1
7 quarters
|
|
|
8
Dollar Tree
DLTR
$24.1B
| $719M | 3.75% |
9,316,134
-6,076,613
| -39% | -$489M |
2015 Q3
5 quarters
|
|
9
Equinix
EQIX
$103B
| $684M | 3.57% |
1,912,684
+113,106
| +6% | +$39.5M |
2014 Q1
11 quarters
|
|
10
Meta Platforms (Facebook)
META
$1.62T
| $682M | 3.56% |
5,927,908
-318,533
| -5% | -$39.1M |
2014 Q3
9 quarters
|
|
11
Alibaba
BABA
$248B
| $669M | 3.49% |
7,619,109
+2,467,648
| +48% | +$238M |
2016 Q3
1 quarter
|
|
12
Corpay
CPAY
$26.4B
| $664M | 3.46% |
4,688,835
-188,748
| -4% | -$29.6M |
2013 Q2
14 quarters
|
|
13
Broadcom
AVGO
$1.63T
| $630M | 3.29% |
35,634,650
+9,568,720
| +37% | +$166M |
2016 Q3
1 quarter
|
|
14
Adobe
ADBE
$96.6B
| $518M | 2.7% |
5,027,599
+409,622
| +9% | +$43.4M |
2014 Q1
11 quarters
|
|
|
15
Visa
V
$770B
| $511M | 2.67% |
6,551,477
+4,213,802
| +180% | +$339M |
2014 Q4
8 quarters
|
|
16
Williams Companies
WMB
$92.3B
| $508M | 2.65% |
16,327,936
+7,080,689
| +77% | +$213M |
2016 Q3
1 quarter
|
|
17
TransDigm Group
TDG
$64.8B
| $505M | 2.64% |
2,028,392
-222,383
| -10% | -$58.4M |
2013 Q2
14 quarters
|
|
|
18
PayPal
PYPL
$47.8B
| $493M | 2.57% |
+12,499,315
| New | +$502M |
2016 Q4
0 quarters
|
|
|
19
PNC Financial Services
PNC
$92.3B
| $491M | 2.56% |
+4,196,144
| New | +$436M |
2016 Q4
0 quarters
|
|
20
Expedia Group
EXPE
$34B
| $489M | 2.55% |
4,317,532
-2,825,799
| -40% | -$345M |
2016 Q3
1 quarter
|
|
21
Alphabet (Google) Class C
GOOG
$3.48T
| $485M | 2.53% |
12,558,060
-4,310,920
| -26% | -$168M |
2015 Q4
4 quarters
|
|
|
22
Bank of America
BAC
$359B
| $479M | 2.5% |
+21,671,362
| New | +$417M |
2016 Q4
0 quarters
|
|
23
Vulcan Materials
VMC
$35.5B
| $468M | 2.44% |
3,738,010
-1,262,103
| -25% | -$153M |
2015 Q1
7 quarters
|
|
24
Ulta Beauty
ULTA
$27B
| $458M | 2.39% |
1,797,638
-1,153,032
| -39% | -$288M |
2013 Q2
14 quarters
|
|
25
Booking.com
BKNG
$114B
| $446M | 2.33% |
7,611,775
-6,755,300
| -47% | -$403M |
2013 Q2
14 quarters
|
|
Similar funds
NMO
Stephen Mandel's Q4 2016 Portfolio in Review
As of Q4 2016, Stephen Mandel held 47 positions worth $19.2B, down 14% from $22.4B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Stephen Mandel withdrew a net $2.45B in Q4 2016, closing 6 positions and reducing 17 holdings. Its most notable exit was Monster Beverage, an estimated $609M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 23% of assets, down from 34% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Stephen Mandel opened a new position in PayPal worth $493M.
- Stephen Mandel's largest Q4 2016 buy was PayPal: 12,499,315 shares worth $493M.
- Stephen Mandel added most to Visa in Q4 2016, an estimated $339M increase.
- Stephen Mandel's biggest Q4 2016 reduction was eBay, cutting an estimated $696M.
- Stephen Mandel fully exited Monster Beverage in Q4 2016, selling an estimated $609M.
- Stephen Mandel's ten largest holdings make up 45% of its $19.2B portfolio in Q4 2016.
- Stephen Mandel opened 8 new positions and closed 6 in Q4 2016.
- Stephen Mandel's portfolio value fell 14% quarter-over-quarter to $19.2B.
Based on Lone Pine Capital's 13F filing for Q4 2016, filed 14 Feb 2017.