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
+6.37%
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
-$1.41B
(-6.9%)
Cap. Flow
-$2.02B
Cap. Flow % of AUM
Cap. Flow %
-10.54%
Top 10 Holdings %
Top 10 Hldgs %
49.76%
Holding
38
New
7
Increased
5
Reduced
17
Closed
7
Avg Time Held
Equity + Options
1
year
Top 10 Avg Time Held
Equity + Options
0.6
years
Top 20 Avg Time Held
Equity + Options
0.8
years
Avg Time Held Equity only
1
year
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$847M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$608M |
| 3 |
CSX Corp
CSX
|
+$605M |
| 4 |
Blackrock
BLK
|
+$537M |
| 5 |
AB InBev
BUD
|
+$534M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Comcast
CMCSA
|
+$1.25B |
| 2 |
Broadcom
AVGO
|
+$683M |
| 3 |
Expedia Group
EXPE
|
+$670M |
| 4 |
Charter Communications
CHTR
|
+$657M |
| 5 |
Intercontinental Exchange
ICE
|
+$601M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.75% |
| 2 | Consumer Discretionary | 19.29% |
| 3 | Communication Services | 16.31% |
| 4 | Financials | 12.3% |
| 5 | Healthcare | 10.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Constellation Brands
STZ
$24.3B
| $1.11B | 5.81% |
4,869,109
-2,206,973
| -31% | -$477M |
2015 Q3
9 quarters
|
|
2
Alibaba
BABA
$252B
| $1.09B | 5.71% |
6,347,975
-2,467,034
| -28% | -$442M |
2016 Q3
5 quarters
|
|
|
ATVI
3
DELISTED
Activision Blizzard
ATVI
| $1.08B | 5.66% |
17,134,499
-2,704,966
| -14% | -$171M |
2016 Q2
6 quarters
|
|
4
Adobe
ADBE
$92.3B
| $1.01B | 5.3% |
5,790,528
+1,858,632
| +47% | +$320M |
2014 Q1
15 quarters
|
|
5
IQVIA
IQV
$46.1B
| $966M | 5.04% |
9,868,332
-187,448
| -2% | -$19.1M |
2017 Q1
3 quarters
|
|
6
Booking.com
BKNG
$117B
| $959M | 5.01% |
13,798,200
+3,612,975
| +35% | +$262M |
2017 Q3
1 quarter
|
|
|
7
Amazon
AMZN
$2.89T
| $900M | 4.7% |
+15,399,920
| New | +$847M |
2017 Q4
0 quarters
|
|
8
Microsoft
MSFT
$3.87T
| $820M | 4.28% |
9,584,771
-1,745,076
| -15% | -$143M |
2017 Q2
2 quarters
|
|
9
UnitedHealth
UNH
$356B
| $803M | 4.19% |
3,641,563
-761,163
| -17% | -$161M |
2017 Q2
2 quarters
|
|
10
Meta Platforms (Facebook)
META
$1.63T
| $777M | 4.05% |
4,400,447
-631,809
| -13% | -$112M |
2014 Q3
13 quarters
|
|
11
DELISTED
Electronic Arts
EA
| $768M | 4.01% |
7,308,184
+3,074,082
| +73% | +$342M |
2017 Q3
1 quarter
|
|
12
PayPal
PYPL
$49B
| $699M | 3.65% |
9,488,228
+2,774,998
| +41% | +$201M |
2017 Q3
1 quarter
|
|
|
13
Broadcom
AVGO
$1.68T
| $633M | 3.3% |
24,630,160
-26,273,440
| -52% | -$683M |
2016 Q3
5 quarters
|
|
|
14
CSX Corp
CSX
$95.1B
| $626M | 3.27% |
+34,150,146
| New | +$605M |
2017 Q4
0 quarters
|
|
|
15
Alphabet (Google) Class C
GOOG
$3.55T
| $625M | 3.26% |
+11,950,060
| New | +$608M |
2017 Q4
0 quarters
|
|
|
16
AB InBev
BUD
$165B
| $586M | 3.06% |
5,254,307
+4,538,756
| +634% | +$534M |
2017 Q3
1 quarter
|
|
17
TransUnion
TRU
$15.4B
| $581M | 3.03% |
10,572,548
-1,773,209
| -14% | -$94.4M |
2017 Q2
2 quarters
|
|
|
18
Charter Communications
CHTR
$15.1B
| $580M | 3.03% |
1,727,722
-1,932,930
| -53% | -$657M |
2014 Q3
13 quarters
|
|
|
19
Blackrock
BLK
$190B
| $567M | 2.96% |
+1,103,870
| New | +$537M |
2017 Q4
0 quarters
|
|
20
ServiceNow
NOW
$106B
| $537M | 2.8% |
20,580,965
-5,777,140
| -22% | -$144M |
2017 Q2
2 quarters
|
|
21
Mastercard
MA
$570B
| $509M | 2.66% |
3,362,667
-1,124,702
| -25% | -$167M |
2017 Q2
2 quarters
|
|
22
Equinix
EQIX
$106B
| $509M | 2.66% |
1,122,529
-151,123
| -12% | -$69.9M |
2014 Q1
15 quarters
|
|
23
Salesforce
CRM
$178B
| $497M | 2.6% |
4,864,570
-1,406,236
| -22% | -$143M |
2017 Q2
2 quarters
|
|
24
Mercado Libre
MELI
$76B
| $484M | 2.53% |
1,537,485
-93,039
| -6% | -$25.2M |
2017 Q3
1 quarter
|
|
25
TransDigm Group
TDG
$67.9B
| $387M | 2.02% |
+1,410,402
| New | +$383M |
2017 Q4
0 quarters
|
|
Similar funds
NMO
SP
Stephen Mandel's Q4 2017 Portfolio in Review
As of Q4 2017, Stephen Mandel held 38 positions worth $19.2B, down 6.9% from $20.6B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Stephen Mandel withdrew a net $2.02B in Q4 2017, closing 7 positions and reducing 17 holdings. Its most notable exit was Comcast, an estimated $1.25B position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 26% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Stephen Mandel opened a new position in Amazon worth $900M.
- Stephen Mandel's largest Q4 2017 buy was Amazon: 15,399,920 shares worth $900M.
- Stephen Mandel added most to AB InBev in Q4 2017, an estimated $534M increase.
- Stephen Mandel's biggest Q4 2017 reduction was Broadcom, cutting an estimated $683M.
- Stephen Mandel fully exited Comcast in Q4 2017, selling an estimated $1.25B.
- Stephen Mandel's ten largest holdings make up 50% of its $19.2B portfolio in Q4 2017.
- Stephen Mandel opened 7 new positions and closed 7 in Q4 2017.
- Stephen Mandel's portfolio value fell 6.9% quarter-over-quarter to $19.2B.
Based on Lone Pine Capital's 13F filing for Q4 2017, filed 14 Feb 2018.