Steve Mandel

Steve Mandel

Last Update: 2014-03-04

Number of Stocks: 55
Number of New Stocks: 7

Total Value: $23,246 Mil
Q/Q Turnover: 18%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Steve Mandel Watch

  • Can You Hear What Steve Mandel Is Buying?

    On Jan. 21, Steve Mandel (Trades, Portfolio) the founder of Lone Pine Capital, a long/short equity money manager, bought SBA Communications Corp. (SBAC) at an average price of $90.01 and currently holds 8,197,323 shares of the stock. So let's take a look at this company and try to explain to investors the reasons this is an apparently appealing investment opportunity.


    Clusters & Acquisitions

      


  • Steve Mandel, the Lodging Industry and the Importance of Share Prices

    When it comes to investments in the lodging industry, there are many factors to consider. Expansion possibilities, return on investments and franchise or direct ownership, are just some of the elements at hand. So, when looking at firms such as Wyndham Worldwide Corporation (WYN) and InterContinental Hotels Group (IHG), one must not rush to conclusions. When the playing field is leveled, sometimes secondary factors decide which company is worth investing in, and which is better left aside.

    Steve Mandel: In for the Long Haul?  


  • Steve Mandel's Real Time Increases in Dollar General and DSW

    On Aug. 26, Lone Pine Capital’s Steve Mandel made two real time increases to his positions in Dollar General and DSW. Earlier this month Mandel made his first purchase into SolarWinds (SWI) and increased his holdings in Michael Kors (KORS).

    During the second quarter Steve Mandel sold out of 11 stocks and bought 12 new companies, bringing his total number of stocks owned to 59 valued at $20.534 billion.  


  • Steve Mandel Takes Loss on Facebook, Sells Four More

    Guru Steve Mandel’s first quarter sell outs of large positions are geared to cleaning out his Internet and technology-related holdings. Hedge fund mega-investor Steve Mandel, founder of Lone Pine Capital LLC, sold out a major holding in Facebook Inc. (FB) as of March 31, 2013, along with another Internet content company, NetEase Inc. (NTES) along with three more software, telecom and information service companies. The Lone Pine portfolio is heavily weighted with consumer cyclical at 33.8% and technology at 17.9%. Here are the trade details as of March 31, 2013:

    Sold Out: Facebook Inc. (FB) – Internet Content and Information  


  • Steve Mandel's Second Increase After LULU Yoga Pants Crisis

    The ultimate yoga pants quality check came from the top. Meeting “unacceptable levels of sheerness” and the recall crisis head on, Lululemon Athletica’s CEO Christine Day said, “The only way you can test for the pants is put the pants on and bend over.”

    The Lululemon brand received plenty of attention last month for its chic workout apparel, thanks to the historic “see-through yoga pants” glitch that went viral and created a frenzy of media pokes and jokes. But it’s not stopping billionaire Gurus from investing in a company known for having some of the highest margins in the retail industry.  


  • Bottom-Up Investor Steve Mandel Holds Bottom-Baring LULU in Crack Crisis

    Yoga buffs gather round. In yoga class, there’s nothing worse than taking “downward dog” position with your posterior high in the air and wondering if the people in the row behind you can actually see your “root chakra.” Take heart, because those people may also be wearing the popular Lululemon (LULU) brand’s latest quality nightmare, inadvertently see-through yoga pants. Lululemon’s CEO Christine Day was to the point: “The only way you can test for the pants is put the pants on and bend over,” according to The Star. The company’s recent quality glitch could cost the company as much as $67 million this year, according to the company's CFO John Currie. LULU’s stock price began to dive on March 15, 2013, as the news spread.

    Cashing in on “cultural creatives” as a consumer sector and addressing the needs of a new generation of yoga lovers across the US, this chic brand of athletic performance clothing urges us to “get off the fence” and “take the road less traveled.” When the yoga and fitness craze expanded, Lululemon began delivering something consumers really wanted and could not easily find, chic workout gear. We could now trade in our grungy sweat pants for a slimming style.  


  • Steve Mandel Buys More Charter Communications Amid Talk of Deal

    Steve Mandel of Lone Pine Capital made a substantial 2,103.97% increase to his Charter Communications (CHTR) holding on Feb. 4, GuruFocus Real Time Picks reports. Whereas previously he owned 327,422 shares of the company, after the transaction he owns 7,216,285 shares, paying $78 each on average for the new shares. Charter Communications’ stock price has perked up 7% in the day since Mandel made the increase. It is at $81.85 on Thursday afternoon.

    U.S.-based broadband and cable communications company Charter Communications provides video, HD programming, digital video recording, high-speed internet and telephone services in 25 states. It has an $8.24 billion market cap.  


  • Steve Mandel Grows His Dollar Tree (Stake, That Is)

    After selling out of his entire stake in discount retailer Dollar Tree (DLTR) in the fourth quarter of 2011, Lone Pine Capital’s Steve Mandel bought back his stake in the third quarter, and then generously increased his shares by more than 200 percent; the recent transaction was reported Dec. 10 on GuruFocus Real Time Picks.

    Mandel’s recent move on Dollar Tree positions him at 5.2 percent of shares outstanding, compared to third quarter’s 1.69 percent. The recent purchase just about triples his third quarter holding. He reported about 3.9 million shares in September, whereas he now has 11.8 million shares of the company’s stock.  


  • Lone Pine’s Mandel Acquires Third and Fourth Large Stakes in Three Months - SemGroup, Informatica

    Investor Steve Mandel has reported acquiring 5.2% each of two companies mid-quarter for his $16.5 billion funds at Lone Pine Capital: SemGroup Corp. (SEMG) and Informatica Corporation (INFA), GuruFocus Real Time Picks reports.

    The two purchases show Lone Pine continuing its recent interest in acquiring substantial ownership of large companies, such as its 7% purchase of Dunkin Donuts (DNKN) in September and quadrupling of its Kinder Morgan (KMI) stake to 9.1% of the company in October.  


  • Lone Pine's Steve Mandel Buys 7% of Dunkin Donuts

    Investor Steve Mandel of hedge fund Lone Pine Capital has acquired a new holding, Dunkin’ Brands Group (DNKN). Dunkin’ Brands is the parent company of Dunkin’ Donuts and Baskin-Robbins. Mandel bought 7,021,945 shares of the company, paying $29 per share on average, according to GuruFocus Real Time Picks. He now owns 7% of the company.

    Dunkin Brands Group Inc has a market cap of $3.51 billion; its shares were traded at around $30.56 with a P/E ratio of 25.1 and P/S ratio of 5.6. The dividend yield of Dunkin Brands Group Inc stocks is 2.1%.  


  • Steve Mandel of Lone Pine Capital's Top 5 New Stocks

    Steve Mandel’s fund is Lone Pine Capital, founded in 1997. The firm manages about $16.5 billion and returned 23% in its first 11 years. Before striking out on his own, Mandel worked at various firms, including Julian Robertson’s Tiger Management, whose former employees that became independent managers are often considered “tiger cubs.”

    Mandel owned 60 stocks at the end of the second quarter of 2012, which includes 10 new ones. The largest new buys are: eBay Inc. (EBAY), News Corp. (NWSA), Liberty Global (LBTYA), DaVita Inc. (DVA) and HCA Holdings Inc. (HCA).  


  • Steve Mandel Top Picks (AAPL, CTSH, RL, DG ) = Growth at Attractive Prices

    Lone Pine Capital was started in 1997 by Steven Mandel, formerly a managing director and analyst at Tiger Management for a period of 7 years. Mandel now manages $12 Billion and has a double-digit annual return since his fund’s inception.

    Mandel is arguably the most successful of the Tiger cubs who left legendary founder Julian Robertson Jr. to start their own funds. Last year his funds, which he names after trees, continued to rack up impressive returns. Lone Pine was up 8 percent before fees.  


  • Hedge Fund Lone Pine Capital Buys LVS, V, NIHD, WSM, UTX, FOSL, NWSA, ESRX

    Hedge fund Lone Pine Capital just reported its third quarter portfolio. The fund is run by Steve Mandel, who runs a long-short investing strategy. A graduate of Harvard Business School, Mandel is regarded as one of the "Tiger Cubs" due to his tenure under legendary hedge fund investor Julian Robertson at Tiger Funds. As such, he employs a similar long-short approach that invests primarily in stocks, and Mandel has outperformed the S&P 500 by 20% each year for the past eleven years.

    Stephen Mandel, like several other money managers, is often referred to as a “tiger-cub”. This originated from his tenure with renowned investor, Julian Robertson at Tiger Management Corporation. Julian Robertson is credited as one of the earliest founders of hedge funds. From his initial startup of $8 million, he made over $22 billion upon that capital by utilizing talented men and women as analysts from around the country. Many these analysts, who are now so eloquently referred to as “tiger-cubs”, would go on to launch their own hedge funds, When Julian Robertson shut down Tiger Management in 2000, he decided to further develop, mentor, and fund several of those that he felt were his brightest analysts. These analysts would then be known as “tiger-seeds”, and like their predecessors, would launch their own funds.  


  • Hedge Fund Lone Pine Capital Reports Second Quarter Trades

    Steve Mandel is the manager and founder of the hedge fund Lone Pine Capital, a long-short equity money manager. A graduate of Harvard Business School, he is regarded as one of the "Tiger Cubs" due to his tenure under legendary hedge fund investor Julian Robertson at Tiger Funds. As such, he employs a similar long-short approach that invests primarily in stocks, and Mandel has outperformed the S&P 500 by 20% each year for the past eleven years.

    His success stems from his bottom-up investing strategy that focuses on a company's underlying fundamentals and less on overarching macroeconomic events. He strives to understand a company's practices, operations, and future growth to decide on whether to long or short the stock. Compared to other managers, Mandel holds his positions for a short amount of time, quickly moving in and out of positions. As of 06/30/2011, Lone Pine Capital owns 60 stocks with a total value of $13.3 billion. These are the details of the buys and sells that have the impact to portfolio of more than 1%.  


  • Steve Mandel Continues to Add VanceInfo Technologies

    Steve Mandel is the manager and founder of the hedge fund Lone Pine Capital, a long-short equity money manager. A graduate of Harvard Business School, he is regarded as one of the "Tiger Cubs" due to his tenure under legendary hedge fund investor Julian Robertson at Tiger Funds. As such, he employs a similar long-short approach that invests primarily in stocks, and Mandel has outperformed the S&P 500 by 20% each year for the past eleven years.

    His success stems from his bottom-up investing strategy that focuses on a company's underlying fundamentals and less on overarching macroeconomic events. He strives to understand a company's practices, operations, and future growth to decide on whether to long or short the stock. Compared to other managers, Mandel holds his positions for a short amount of time, quickly moving in and out of positions. According to his latest 13G filings, Mandel added 7.5% to VanceInfo Technologies Inc. (VIT).  


  • Steve Mandel’ Lone Pine Capital Reports Q1 Trades

    Hedge fund manager Steve Mandel of Lone Pine Capital reported its Q1 portfolio. As of 03/31/2011, Lone Pine Capital owns 60 stocks with a total value of $12.6 billion. These are the details of the buys and sells.

    Lone Pine Capital is a long/short equity hedge fund headquartered in Greenwich, Connecticut. Lone Pine Capital’s managing director is Stephen Mandel who earned his AB from Dartmouth College in 1978, and his MBA from Harvard Business School in 1982. With his education credentials in hand, Stephen Mandel would go on to serve as an analyst and consultant at several major firms, from Tiger Management to Goldman Sachs. Learning and networking from his tenure at these big firms, he launched Lone Pine Capital in 1997. In 2010, Mandel was named the 655th richest billionaire in the world. Mandel currently sits on the board of Dartmouth College, and serves as a director for Teach for America.  


  • Hedge Fund Lone Pine Capital Top Stocks: C, YUM, SLB, AAPL, CTSH

    Lone Pine Capital is a long/short equity hedge fund headquartered in Greenwich, Connecticut. Lone Pine Capital’s managing director is Stephen Mandel who earned his AB from Dartmouth College in 1978, and his MBA from Harvard Business School in 1982. With his education credentials in hand, Stephen Mandel would go on to serve as an analyst and consultant at several major firms, from Tiger Management to Goldman Sachs. Learning and networking from his tenure at these big firms, he launched Lone Pine Capital in 1997. In 2010, Mandel was named the 655th richest billionaire in the world. Mandel currently sits on the board of Dartmouth College, and serves as a director for Teach for America.  


  • Hedge Fund Lone Pine Capital Buys C, SLB, TCK, CTRP, CVC, UNP, MA, Sells STRA, CL, V, IVZ, GMCR, CTXS

    Steve Mandel at hedge fund Lone Pine Capital reported his A4 portfolio. As of 12/31/2010, Lone Pine Capital owns 52 stocks with a total value of $12.1 billion. These are the details of the buys and sells.

    Steve Mandel, the founder of Lone Pine Capital, is a long/short equity money manager, which he started in 1997. Prior to founding LPC, Mr. Mandel was senior managing director and consumer analyst at Tiger Management Corporation (1990-1997), mass-market retailing analyst at Goldman, Sachs (1984-1990) and senior consultant at Mars and Company (1982-1984). Mandel graduated from Harvard Business in 1982.  


  • Hedge Fund Lone Pine Capital Buys CL, ESRX, SCHW, DG, EQIX Sells TW, QCOM, HPQ, AMTD

    Hedge fund Lone Pine Capital just reported his third quarter portfolio. The fund is run by Steve Mandel, who is one of the Tiger cubs who learned investing from the legendary hedge fund manager Julian Robertson.

    Lone Pine Capital lost 26% in 2008, bettering than the market by 10%. Then gained 17.7% in 2009, and 10% in YTD 2010.  


  • Lone Pine Capital Buys Crown Castle International, Lincare Holdings, Equinix Inc., Sells Walter Industries Inc., Wells Fargo, The Cocacola Company

    Lone Pine Capital is run by tiger cub hedge fund manager Steve Mandel. The firm just reported the second quarter portfolio. These are the details of buys and sells.

    Steve Mandel, the founder of Lone Pine Capital, is a long/short equity money manager, which he started in 1997. Prior to founding LPC, Mr. Mandel was senior managing director and consumer analyst at Tiger Management Corporation (1990-1997), mass-market retailing analyst at Goldman, Sachs (1984-1990) and senior consultant at Mars and Company (1982-1984). Mandel graduated from Harvard Business in 1982.  


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