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Steve Mandel of Lone Pine Capital's Top 5 New Stocks
Posted by: Holly LaFon (IP Logged)
Date: August 23, 2012 04:31PM
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).
The trading price of all of his top five stocks have increased since he bought them.
eBay Inc. (EBAY)
Mandel purchased 13,903,725 shares of eBay at an average price of $40. The stock has gained 18% since.
eBay is one of the world's largest online trading communities. eBay Inc. has a market cap of $60.52 billion; its shares were traded at around $46.81 with a P/E ratio of 23.8 and P/S ratio of 5.2. eBay Inc. had an annual average earnings growth of 24.8% over the past 10 years. GuruFocus rated eBay Inc. the business predictability rank of 2.5-star.
News Corp. (NWS)
Mandel purchased 13,675,800 shares at an average price of $20. The stock has gained 20% since.
News Corp. is a diversified entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers and information services; book publishing; and other. News Corp. has a market cap of $37.76 billion; its shares were traded at around $23.3 with a P/E ratio of 16.6 and P/S ratio of 1.1. The dividend yield of News Corp. stocks is 0.7%.
Liberty Global (LBTYA)
Mandel purchased 6,080,909 shares at an average price of $48. The stock has gained 14% since.
Liberty Global owns interests primarily in broadband distribution and content companies operating outside the continental U.S. Liberty Global Inc. has a market cap of $14.79 billion; its shares were traded at around $54.58 with a P/E ratio of 154.3 and P/S ratio of 1.6. Liberty Global Inc. had an annual average earnings growth of 22.4% over the past five years.
DaVita Inc. (DVA)
Mandel purchased 3,049,139 shares of DaVita in the second quarter of 2012. The stock has gained 12% since.
DaVita Inc. is one of the largest providers of high-quality dialysis and related services for patients suffering from chronic kidney failure, also known as end stage renal disease. DaVita Inc. has a market cap of $9.18 billion; its shares were traded at around $96.21 with a P/E ratio of 16.3 and P/S ratio of 1.3. DaVita Inc. had an annual average earnings growth of 17.8% over the past 10 years. GuruFocus rated DaVita Inc. the business predictability rank of 3.5-star.
HCA Holdings Inc. (HCA)
Mandel purchased 7,366,988 shares at an average price of $26.50. The stock has gained 8% since.
HCA Inc. is a non-governmental hospital in the U.S. HCA Holdings Inc. has a market cap of $12.73 billion; its shares were traded at around $28.12 with a P/E ratio of 8.7 and P/S ratio of 0.4.
See Steve Mandel’s stock portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Steve Mandel.
Guru Discussed: Steve Mandel: Current Portfolio, Stock Picks
Stocks Discussed: EBAY, NWSA, LBTYA, DVA, HCA,
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