From 1997 to 2007, Steven Mandel of Lone Pine Capital averaged more than 25% a year with this fund. Mandel previously served as a senior managing director with Tiger management. This is the Q3 portfolio update of Lone Pine Capital.
Lone Pine Capital owns 43 stocks with a total value of $805 million. These are the details of the buys and sells.
- New Purchases: AAPL, BPOP, CTXS, CX, DPS, EDU, EL, ETFC, FLIR, GMCR, GR, HBAN, HSIC, MXB, WAG, WLT,
- Added Positions: DISCA, HPQ, JPM, LMDIA, MON, MR, SWN,
- Reduced Positions: AMX, COH, FMX, KO, MCD, PCLN, PM, PROJ, QCOM, SFD, V,
- Sold Out: ECL, FITB, GOOG, MJN, MSM, NKE, PGR, SD, STI, UNP, URBN, VPRT, XTO,
For the details of Steve Mandel's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Steve+Mandel
This is the sector weightings of his portfolio:
Consumer Services |
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Technology |
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Financials |
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Consumer Goods |
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Industrials |
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Health Care |
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Telecommunications |
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Oil & Gas |
These are the top 5 holdings of Steve Mandel
- JPMorgan Chase & Co. (JPM) - 16,361,128 shares, 8.91% of the total portfolio
- Monsanto Company (MON) - 8,393,377 shares, 8.07% of the total portfolio
- Apple Inc. (AAPL) - 3,091,318 shares, 7.12% of the total portfolio
- QUALCOMM Inc. (QCOM) - 11,723,977 shares, 6.55% of the total portfolio
- HewlettPackard Company (HPQ) - 9,849,811 shares, 5.78% of the total portfolio
Added: JPMorgan Chase & Co. ( JPM)
Steve Mandel added to his holdings in Jpmorgan Chase & Co. by 30.43%. His purchase prices were between $32.34 and $46.47, with an estimated average price of $40.41. The impact to his portfolio due to this purchase was 2.08%. His holdings were 16,361,128 shares as of 09/30/2009.
J.P. Morgan Chase & Co. is a leading global financial services firm. The firm is a leader in investment banking, asset management, private banking, private equity, custody and transaction services and retail and middle market financial services. A component of the Dow Jones Industrial Average, JPMorgan Chase is headquartered in New York and serves more than 30 million consumer customers and the world's most prominent corporate, institutional and government clients. Jpmorgan Chase & Co. has a market cap of $170.6 billion; its shares were traded at around $43.38 with a P/E ratio of 40.5 and P/S ratio of 2.5. The dividend yield of Jpmorgan Chase & Co. stocks is 0.5%.
Added: Discovery Communications, Inc (DISCA)
Steve Mandel added to his holdings in Discovery Communications, Inc by 24581.6%. His purchase prices were between $21.82 and $29.6, with an estimated average price of $25.4. The impact to his portfolio due to this purchase was 1.95%. His holdings were 5,457,110 shares as of 09/30/2009.
Discovery Communications, Inc has a market cap of $8.85 billion; its shares were traded at around $31.46 with a P/E ratio of 27.3 and P/S ratio of 2.6.
Added: Southwestern Energy Company ( SWN)
Steve Mandel added to his holdings in Southwestern Energy Company by 197.59%. His purchase prices were between $35.39 and $45.08, with an estimated average price of $39.84. The impact to his portfolio due to this purchase was 1.78%. His holdings were 5,048,827 shares as of 09/30/2009.
Southwestern Energy Company is an energy company primarily focused on natural gas. They are involved in the following business segments:Exploration and Production - Engaged in natural gas and oil exploration, development and production. This represents their primary business; Natural Gas Distribution - Engaged in the gathering, distribution andtransmission of natural gas; Marketing and Transportation - Provides marketing and transportation services in their core areas of operation and owns a 25% interest in the NOARK Pipeline System, Limited Partnership. Southwestern Energy Company has a market cap of $14.52 billion; its shares were traded at around $42.14 with a P/E ratio of 31 and P/S ratio of 6.3. Southwestern Energy Company had an annual average earning growth of 14.2% over the past 10 years. GuruFocus rated Southwestern Energy Company the business predictability rank of 2-star.
Added: HewlettPackard Company (HPQ)
Steve Mandel added to his holdings in Hewlettpackard Company by 16.37%. His purchase prices were between $36.84 and $47.88, with an estimated average price of $43.11. The impact to his portfolio due to this purchase was 0.81%. His holdings were 9,849,811 shares as of 09/30/2009.
Hewlett Packard is one of the leading global providers of computing and imaging solutions and services for business and home. The company is focused on capitalizing on the opportunities of the Internet and the proliferation of electronic services. Its major businesses include Imaging and Printing Systems, Computing Systems and Information Technology Services Hewlettpackard Company has a market cap of $119.69 billion; its shares were traded at around $50.48 with a P/E ratio of 13.5 and P/S ratio of 1. The dividend yield of Hewlettpackard Company stocks is 0.6%. Hewlettpackard Company had an annual average earning growth of 25.8% over the past 5 years.
Added: Monsanto Company (MON)
Steve Mandel added to his holdings in Monsanto Company by 7.23%. His purchase prices were between $71.34 and $86.22, with an estimated average price of $80.22. The impact to his portfolio due to this purchase was 0.54%. His holdings were 8,393,377 shares as of 09/30/2009.
Monsanto is a leading global provider of technology-based solutions and agricultural products for growers and downstream customers, such as grain processors and consumers, in the agricultural markets. The combination of its herbicides, seeds and related genetic trait products provides growers with integrated solutions to more efficiently and cost effectively produce crops at higher yields, while controlling weeds, insects and diseases. Its base business, led by Roundup and coupled with the latest tools in biotechnology, genomics and molecular breeding. Monsanto Company has a market cap of $43.59 billion; its shares were traded at around $79.98 with a P/E ratio of 18.1 and P/S ratio of 3.7. The dividend yield of Monsanto Company stocks is 1.4%. Monsanto Company had an annual average earning growth of 30.7% over the past 5 years.
Added: Liberty Media Corporation - Series A Liberty Enter (LMDIA)
Steve Mandel added to his holdings in Liberty Media Corporation - Series A Liberty Enter by 28.93%. His purchase prices were between $24.82 and $30.91, with an estimated average price of $27.79. The impact to his portfolio due to this purchase was 0.4%. His holdings were 4,615,098 shares as of 09/30/2009.
Liberty Media Corporation - Series A Liberty Enter has a market cap of $17.72 billion; its shares were traded at around $35.79 .
Added: Mindray Medical International Ltd. (MR)
Steve Mandel added to his holdings in Mindray Medical International Ltd. by 96.63%. His purchase prices were between $26.47 and $33.92, with an estimated average price of $30.28. The impact to his portfolio due to this purchase was 0.17%. His holdings were 866,579 shares as of 09/30/2009.
Mindray Medical International Limited is a leading developer, manufacturer and marketer of medical devices in China with a significant and growing presence worldwide. Mindray offers a broad range of products across three primary business segments: patient monitoring devices, diagnostic laboratory instruments, and ultrasound imaging systems. Mindray is headquartered in Shenzhen, China, and has twenty nine local sales and services offices in China, as well as sales and services offices in Boston, Istanbul, London and Vancouver. Mindray Medical International Ltd. has a market cap of $2.33 billion; its shares were traded at around $30.82 with a P/E ratio of 26.4 and P/S ratio of 4.2. The dividend yield of Mindray Medical International Ltd. stocks is 0.6%.
New Purchase: Apple Inc. ( AAPL)
Steve Mandel initiated holdings in Apple Inc.. His purchase prices were between $135.4 and $186.152, with an estimated average price of $163.75. The impact to his portfolio due to this purchase was 7.12%. His holdings were 3,091,318 shares as of 09/30/2009.
Apple Inc. has a market cap of $184.5 billion; its shares were traded at around $205.96 with a P/E ratio of 32.8 and P/S ratio of 5.1. Apple Inc. had an annual average earning growth of 90.5% over the past 5 years.
New Purchase: Green Mountain Coffee Roasters Inc. ( GMCR)
Steve Mandel initiated holdings in Green Mountain Coffee Roasters Inc.. His purchase prices were between $55.61 and $73.3, with an estimated average price of $63.21. The impact to his portfolio due to this purchase was 3.49%. His holdings were 3,803,287 shares as of 09/30/2009.
Green Mountain Coffee roasts high-quality arabica coffees to produce a variety of coffee which it sells through a coordinated multi-channel distribution network in its wholesale and direct mail operations. This distribution network is designed to maximize brand recognition and product availability. The company is one of the leading specialty coffee companies in its established markets. Green Mountain Coffee Roasters Inc. has a market cap of $2.86 billion; its shares were traded at around $65.86 with a P/E ratio of 57.8 and P/S ratio of 3.5. Green Mountain Coffee Roasters Inc. had an annual average earning growth of 29.9% over the past 10 years.
New Purchase: Cemex S.a.b. De C.v. (CX)
Steve Mandel initiated holdings in Cemex S.a.b. De C.v.. His purchase prices were between $7.79 and $14.2, with an estimated average price of $11.05. The impact to his portfolio due to this purchase was 2.31%. His holdings were 14,398,618 shares as of 09/30/2009.
CEMEX is one of the largest cement companies in the world, with close to 78 million metric tons of production capacity. Through operating subsidiaries in four continents, they are engaged in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker. They are also the world's leading producer of white cement and the world's largest trader of cement and clinker. Cemex S.a.b. De C.v. has a market cap of $9.37 billion; its shares were traded at around $11.59 with and P/S ratio of 0.4.
New Purchase: Walgreen Company ( WAG)
Steve Mandel initiated holdings in Walgreen Company. His purchase prices were between $28.76 and $37.35, with an estimated average price of $31.76. The impact to his portfolio due to this purchase was 1.9%. His holdings were 4,076,420 shares as of 09/30/2009.
Walgreen Company had an annual average earning growth of 15.1% over the past 10 years. GuruFocus rated Walgreen Company the business predictability rank of 5-star.
New Purchase: Flir Systems Inc. ( FLIR)
Steve Mandel initiated holdings in Flir Systems Inc.. His purchase prices were between $20.71 and $28.31, with an estimated average price of $23.31. The impact to his portfolio due to this purchase was 1.8%. His holdings were 5,166,063 shares as of 09/30/2009.
FLIR Systems, Inc. designs, manufactures and markets thermal imaging and broadcast camera systems for applications in the commercial and government markets. The company's products come in a variety of configurations such as handheld or ground-based systems, as well as systems mounted on ships, helicopters and airplanes. Their thermal imaging systems use infrared technologies that detect infrared radiation, or heat, enabling the operator to measure minute temperature differences and to see objects in daylight or total darkness and through smoke, haze and most types of fog. Flir Systems Inc. has a market cap of $4.6 billion; its shares were traded at around $30.34 with a P/E ratio of 20.3 and P/S ratio of 4.3. Flir Systems Inc. had an annual average earning growth of 24.8% over the past 5 years.
New Purchase: Henry Schein Inc. ( HSIC)
Steve Mandel initiated holdings in Henry Schein Inc.. His purchase prices were between $44.22 and $56.03, with an estimated average price of $51.16. The impact to his portfolio due to this purchase was 1.77%. His holdings were 2,596,883 shares as of 09/30/2009.
Henry Schein, Inc. is the largest distributor of healthcare products and services to office-based healthcare practitioners in the combined North American and European markets. The company conducts its business principally through two segments; healthcare distribution and technology. These segments, which are operated as individual business units, offer different products and services, albeit to the same customer base. The healthcare distribution segment consists of the company's dental, medical, veterinary and international groups. Henry Schein Inc. has a market cap of $4.71 billion; its shares were traded at around $52.19 with a P/E ratio of 16.5 and P/S ratio of 0.7. Henry Schein Inc. had an annual average earning growth of 14.1% over the past 10 years. GuruFocus rated Henry Schein Inc. the business predictability rank of 4-star.
New Purchase: Walter Industries Inc. ( WLT)
Steve Mandel initiated holdings in Walter Industries Inc.. His purchase prices were between $35.58 and $67.21, with an estimated average price of $51.72. The impact to his portfolio due to this purchase was 1.74%. His holdings were 2,332,377 shares as of 09/30/2009.
Walter Industries Inc. has a market cap of $3.79 billion; its shares were traded at around $71.6 with a P/E ratio of 17.4 and P/S ratio of 2.6. The dividend yield of Walter Industries Inc. stocks is 0.6%. Walter Industries Inc. had an annual average earning growth of 2.7% over the past 10 years.
New Purchase: Msci Inc (MXB)
Steve Mandel initiated holdings in Msci Inc. His purchase prices were between $24.2 and $30.55, with an estimated average price of $27.8. The impact to his portfolio due to this purchase was 1.72%. His holdings were 4,668,255 shares as of 09/30/2009.
MSCI Inc. is a leading provider of investment decision support tools to investment institutions worldwide. MSCI Inc. products include indices and portfolio analytics for use in managing equity, fixed income and multi-asset class portfolios. Msci Inc has a market cap of $3.27 billion; its shares were traded at around $31.58 with a P/E ratio of 39.5 and P/S ratio of 7.6.
New Purchase: Goodrich Corp. (GR)
Steve Mandel initiated holdings in Goodrich Corp.. His purchase prices were between $48.66 and $57.16, with an estimated average price of $53.73. The impact to his portfolio due to this purchase was 1.42%. His holdings were 2,100,365 shares as of 09/30/2009.
B.F. Goodrich Co.'s operations are classified into three business segments: BFGoodrich Aerospace, BFGoodrich Engineered Industrial Products and BFGoodrich Performance Materials. The company's business is conducted on a global basis with manufacturing, service and sales undertaken in various locations throughout the world. Goodrich Corp. has a market cap of $7.52 billion; its shares were traded at around $60.69 with a P/E ratio of 12.2 and P/S ratio of 1.1. The dividend yield of Goodrich Corp. stocks is 1.7%. Goodrich Corp. had an annual average earning growth of 27.8% over the past 5 years.
New Purchase: Citrix Systems Inc. ( CTXS)
Steve Mandel initiated holdings in Citrix Systems Inc.. His purchase prices were between $30.26 and $38.59, with an estimated average price of $35.25. The impact to his portfolio due to this purchase was 0.65%. His holdings were 1,324,364 shares as of 09/30/2009.
Citrix Systems, Inc. is one of the leading suppliers of application delivery and management software and services that enable the effective and efficient enterprise-wide deployment and management of applications. The company's products permit organizations to deploy and manage applications without regard to location, network connection, or type of client hardware platform. Citrix Systems Inc. has a market cap of $7.15 billion; its shares were traded at around $39.07 with a P/E ratio of 34.5 and P/S ratio of 4.4. Citrix Systems Inc. had an annual average earning growth of 9.2% over the past 10 years. GuruFocus rated Citrix Systems Inc. the business predictability rank of 4-star.
New Purchase: New Oriental Education & Technology Group (EDU)
Steve Mandel initiated holdings in New Oriental Education & Technology Group. His purchase prices were between $60.86 and $83.73, with an estimated average price of $71.12. The impact to his portfolio due to this purchase was 0.49%. His holdings were 486,828 shares as of 09/30/2009.
New Oriental is the largest provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence. New Oriental offers a wide range of educational programs, services and products consisting primarily of English and other foreign language training, test preparation courses for major admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education. New Oriental's ADSs, each of which represents four common shares, currently trade on the New York Stock Exchange under the symbol ''EDU.'' New Oriental Education & Technology Grou has a market cap of $2.78 billion; its shares were traded at around $73.07 with a P/E ratio of 38.7 and P/S ratio of 9.4.
New Purchase: Huntington Bancshares Inc. ( HBAN)
Steve Mandel initiated holdings in Huntington Bancshares Inc.. His purchase prices were between $3.4 and $4.77, with an estimated average price of $4.19. The impact to his portfolio due to this purchase was 0.43%. His holdings were 7,300,000 shares as of 09/30/2009.
Huntington Bancshares is a multi-state bank holding company. Its subsidiaries conduct a full-service commercial and consumer bankingbusiness, engage in mortgage banking, lease financing, trust services, discount brokerage services, underwriting credit life and disability insurance, selling other insurance products, and issuing commercial paper guaranteed by Huntington, and providing other financial products and services. Huntington Bancshares Inc. has a market cap of $2.74 billion; its shares were traded at around $3.92 with and P/S ratio of 1.2. The dividend yield of Huntington Bancshares Inc. stocks is 1.1%.
New Purchase: Popular Inc. ( BPOP)
Steve Mandel initiated holdings in Popular Inc.. His purchase prices were between $1.04 and $2.83, with an estimated average price of $1.76. The impact to his portfolio due to this purchase was 0.36%. His holdings were 10,301,242 shares as of 09/30/2009.
Popular, Inc. is a diversified, publicly owned bank holding company. The corporation's principal subsidiary, Banco Popular de Puerto Rico, has one of the largest retail franchise in Puerto Rico, operating numerous branches and automated teller machines. The Bank also operates branches in the U.S. Virgin Islands, the British Virgin Islands, and New York. Popular Inc. has a market cap of $688.1 million; its shares were traded at around $2.44 with and P/S ratio of 0.2. Popular Inc. had an annual average earning growth of 24.1% over the past 10 years. GuruFocus rated Popular Inc. the business predictability rank of 2-star.
New Purchase: The Estee Lauder Companies Inc. (EL)
Steve Mandel initiated holdings in The Estee Lauder Companies Inc.. His purchase prices were between $30.27 and $37.8, with an estimated average price of $35.05. The impact to his portfolio due to this purchase was 0.34%. His holdings were 744,778 shares as of 09/30/2009.
Estee Lauder Co. is one of the world's leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. Its products are sold in numerous countries and territories under the following well-recognized brand names: Estee Lauder, Clinique, Aramis, Prescriptives, Origins, M.A.C, Bobbi Brown essentials, La Mer, jane, Aveda, Stila, Jo Malone and Bumble and bumble. The company is also the global licensee for fragrances and cosmetics sold under the TommyHilfiger, Donna Karan and Kate Spade brands. The Estee Lauder Companies Inc. has a market cap of $9.47 billion; its shares were traded at around $48.15 with a P/E ratio of 24 and P/S ratio of 1.3. The dividend yield of The Estee Lauder Companies Inc. stocks is 1.1%. The Estee Lauder Companies Inc. had an annual average earning growth of 8.2% over the past 10 years. GuruFocus rated The Estee Lauder Companies Inc. the business predictability rank of 3-star.
New Purchase: Dr Pepper Snapple Gp (DPS)
Steve Mandel initiated holdings in Dr Pepper Snapple Gp. His purchase prices were between $21.65 and $28.55, with an estimated average price of $25.23. The impact to his portfolio due to this purchase was 0.32%. His holdings were 904,981 shares as of 09/30/2009.
DR PEPPER SNAPPLE Group is one of the largest beverage companies in the Americas. They manufacture, market and distribute more than 50 brands of carbonated soft drinks, juices, ready to drink teas, mixers and other premium beverages across the United States, Canada, Mexico and the Caribbean. Dr Pepper Snapple Gp has a market cap of $7.05 billion; its shares were traded at around $27.74 with a P/E ratio of 14.5 and P/S ratio of 1.2.
New Purchase: E*trade Financial Corp. (ETFC)
Steve Mandel initiated holdings in E*trade Financial Corp.. His purchase prices were between $1.18 and $1.99, with an estimated average price of $1.48. The impact to his portfolio due to this purchase was 0.21%. His holdings were 9,486,764 shares as of 09/30/2009.
The E*TRADE FINANCIAL family of companies provide financial services including brokerage, banking and lending for retail, corporate and institutional customers. Securities products and services are offered by E*TRADE Securities LLC (Member NASD/SIPC). Bank and lending products and services are offered by E*TRADE Bank, a Federal savings bank, Member FDIC, or its subsidiaries. E*trade Financial Corp. has a market cap of $2.14 billion; its shares were traded at around $1.69 with and P/S ratio of 1.1. E*trade Financial Corp. had an annual average earning growth of 29.6% over the past 5 years.
Reduced: Deltek, Inc. (PROJ)
Steve Mandel reduced to his holdings in Deltek, Inc. by 43.82%. His sale prices were between $4.38 and $8.26, with an estimated average price of $6.31. The impact to his portfolio due to this sale was -0.08%. Steve Mandel still held 2,002,352 shares as of 09/30/2009.
Deltek? is the leading provider of enterprise applications software designed specifically for project-focused businesses. For more than two decades, our software applications have enabled organizations to automate mission-critical business processes around the engagement, execution and delivery of projects. Deltek, Inc. has a market cap of $495.5 million; its shares were traded at around $7.71 with a P/E ratio of 17.5 and P/S ratio of 1.7.
Reduced: Smithfield Foods Inc. ( SFD)
Steve Mandel reduced to his holdings in Smithfield Foods Inc. by 26.58%. His sale prices were between $11.55 and $14.39, with an estimated average price of $13.02. The impact to his portfolio due to this sale was -0.37%. Steve Mandel still held 8,162,139 shares as of 09/30/2009.
Smithfield Foods, Inc. is one of the world's largest pork processors and hog producer. Smithfield Foods conducts its business through two groups, the Meat Processing Group and the Hog Production Group. Smithfield Foods Inc. has a market cap of $2.76 billion; its shares were traded at around $16.72 with and P/S ratio of 0.2. Smithfield Foods Inc. had an annual average earning growth of 1.9% over the past 10 years.
Reduced: Fomento Economico Mexicano S.a.b. De C.v ( FMX)
Steve Mandel reduced to his holdings in Fomento Economico Mexicano S.a.b. De C.v by 86.55%. His sale prices were between $30.58 and $40.01, with an estimated average price of $36.09. The impact to his portfolio due to this sale was -0.4%. Steve Mandel still held 971,694 shares as of 09/30/2009.
FOMENTO ECO-ADR is Latin America's largest beverage company, exporting to the United States, Canada, and select countries in Europe, Asia, and Latin America. They are strategically comprised of and operates by means of the following subsidiaries: FEMSA Cerveza, Coca-Cola FEMSA, the largest bottler for The Coca-Cola Co. in Latin America, and the Strategic Businesses Division, which groups the packaging, retail and logistics operations, whose main objective is to offer competitive advantages to the beverage subsidiaries. Fomento Economico Mexicano S.a.b. De C.v has a market cap of $15.89 billion; its shares were traded at around $44.42 with and P/S ratio of 1.4. The dividend yield of Fomento Economico Mexicano S.a.b. De C.v stocks is 0.8%. Fomento Economico Mexicano S.a.b. De C.v had an annual average earning growth of 46.5% over the past 10 years.
Reduced: Philip Morris International Inc (PM)
Steve Mandel reduced to his holdings in Philip Morris International Inc by 86.52%. His sale prices were between $42.34 and $49.4, with an estimated average price of $46.1. The impact to his portfolio due to this sale was -0.58%. Steve Mandel still held 1,104,953 shares as of 09/30/2009.
Philip Morris International is the leading international tobacco company, with products sold in over 160 countries. They own 7 of the top 15 brands in the world and have a strong mix of international and local products that seek to appeal to a wide array of adult smokers. Philip Morris International Inc has a market cap of $97.73 billion; its shares were traded at around $50.52 with a P/E ratio of 15.8 and P/S ratio of 1.5. The dividend yield of Philip Morris International Inc stocks is 4.6%.
Reduced: Priceline.com Inc. ( PCLN)
Steve Mandel reduced to his holdings in Priceline.com Inc. by 20.86%. His sale prices were between $103.75 and $167, with an estimated average price of $140.03. The impact to his portfolio due to this sale was -0.79%. Steve Mandel still held 1,851,394 shares as of 09/30/2009.
Priceline.com Incorporated has pioneered a unique e-commerce pricing system known as a `demand collection system` that enables consumers to use the Internet to save money on a wide range of products and services while enabling sellers to generate incremental revenue. Using a simple and compelling consumer proposition - Name Your Own Price - priceline.com collects consumer demand, in the form of individual customer offers guaranteed by a credit card, for a particular product or service at a price set by the customer. Priceline.com Inc. has a market cap of $8.86 billion; its shares were traded at around $209.68 with a P/E ratio of 29.3 and P/S ratio of 4.7. Priceline.com Inc. had an annual average earning growth of 48.7% over the past 5 years.
Reduced: Coach Inc. ( COH)
Steve Mandel reduced to his holdings in Coach Inc. by 62.09%. His sale prices were between $23.56 and $33.63, with an estimated average price of $28.93. The impact to his portfolio due to this sale was -0.83%. Steve Mandel still held 3,255,340 shares as of 09/30/2009.
Coach Inc. is a designer, producer and marketer of high-quality, modern, American classic accessories that complement the diverse lifestyles of discerning women and men. The company is one of the best recognizedleather goods brands in the U.S. and is enjoying increased recognition intargeted international markets. The company attributes the prominence of the Coach brand to the unique combination of its original American attitude and design, its heritage in fine leather products, its superior product quality and durability and its commitment to customer service. Coach Inc. has a market cap of $10.97 billion; its shares were traded at around $34.44 with a P/E ratio of 18 and P/S ratio of 3.4. The dividend yield of Coach Inc. stocks is 0.8%. Coach Inc. had an annual average earning growth of 29.3% over the past 5 years.
Reduced: The Cocacola Company (KO)
Steve Mandel reduced to his holdings in The Cocacola Company by 38.41%. His sale prices were between $48.12 and $53.76, with an estimated average price of $50. The impact to his portfolio due to this sale was -0.89%. Steve Mandel still held 3,471,263 shares as of 09/30/2009.
The Cocacola Company has a market cap of $131.12 billion; its shares were traded at around $56.58 with a P/E ratio of 18.6 and P/S ratio of 4.1. The dividend yield of The Cocacola Company stocks is 2.9%. The Cocacola Company had an annual average earning growth of 5.3% over the past 10 years. GuruFocus rated The Cocacola Company the business predictability rank of 2-star.
Reduced: Mcdonald's Corp. ( MCD)
Steve Mandel reduced to his holdings in Mcdonald's Corp. by 24.73%. His sale prices were between $54.23 and $58.82, with an estimated average price of $56.25. The impact to his portfolio due to this sale was -1.12%. Steve Mandel still held 6,362,563 shares as of 09/30/2009.
Mcdonald's Corp. has a market cap of $69.82 billion; its shares were traded at around $63.98 with a P/E ratio of 16.7 and P/S ratio of 3. The dividend yield of Mcdonald's Corp. stocks is 3.1%. Mcdonald's Corp. had an annual average earning growth of 7.2% over the past 10 years.
Reduced: Visa Inc. (V)
Steve Mandel reduced to his holdings in Visa Inc. by 35%. His sale prices were between $59.49 and $74.41, with an estimated average price of $67.99. The impact to his portfolio due to this sale was -1.33%. Steve Mandel still held 4,411,072 shares as of 09/30/2009.
Visa Inc. has a market cap of $68.01 billion; its shares were traded at around $80.39 with a P/E ratio of 27.4 and P/S ratio of 9.8. The dividend yield of Visa Inc. stocks is 0.6%.
Reduced: America Movil S.a.b. De C.v. (AMX)
Steve Mandel reduced to his holdings in America Movil S.a.b. De C.v. by 57.42%. His sale prices were between $37.17 and $47.66, with an estimated average price of $43.64. The impact to his portfolio due to this sale was -1.57%. Steve Mandel still held 5,018,369 shares as of 09/30/2009.
American Movil is the leading provider of wireless communications services in Mexico. Through their subsidiary Radiom?vil Dipsa, which operates under the trademark Telcel, they provide cellular telecommunications service in all nine regions in Mexico, with a network covering approximately 31.4% of the geographical area of Mexico, including all major cities, and approximately 89.6% of Mexico 's population. America Movil S.a.b. De C.v. has a market cap of $86.53 billion; its shares were traded at around $48.07 with a P/E ratio of 14.4 and P/S ratio of 3.4. The dividend yield of America Movil S.a.b. De C.v. stocks is 0.9%. America Movil S.a.b. De C.v. had an annual average earning growth of 45.5% over the past 5 years.
Reduced: Qualcomm Inc. ( QCOM)
Steve Mandel reduced to his holdings in Qualcomm Inc. by 26.29%. His sale prices were between $43.06 and $48.45, with an estimated average price of $45.9. The impact to his portfolio due to this sale was -1.72%. Steve Mandel still held 11,723,977 shares as of 09/30/2009.
QUALCOMM Inc. develops and delivers innovative digital wireless communications products and services based on the company's CDMA digital technology. The company's business areas include CDMA integrated circuits and system software; technology licensing; the Binary Runtime Environment for Wireless applications development platform; Eudora e-mail software; digital cinema systems; and satellite-based systems including portions of the Globalstar system and wireless fleet management systems, OmniTRACS and OmniExpress. (Company Press Release) Qualcomm Inc. has a market cap of $75.62 billion; its shares were traded at around $45.49 with a P/E ratio of 29.9 and P/S ratio of 7.3. The dividend yield of Qualcomm Inc. stocks is 1.5%. Qualcomm Inc. had an annual average earning growth of 28.9% over the past 10 years.
Sold Out: Nike Inc. ( NKE)
Steve Mandel sold out his holdings in Nike Inc.. His sale prices were between $51.06 and $60.09, with an estimated average price of $55.17.
Nike Inc. has a market cap of $31.37 billion; its shares were traded at around $64.42 with a P/E ratio of 16.8 and P/S ratio of 1.7. The dividend yield of Nike Inc. stocks is 1.5%. Nike Inc. had an annual average earning growth of 13.8% over the past 10 years. GuruFocus rated Nike Inc. the business predictability rank of 3.5-star.
Sold Out: Xto Energy Inc. ( XTO)
Steve Mandel sold out his holdings in Xto Energy Inc.. His sale prices were between $33.88 and $42.91, with an estimated average price of $39.53.
XTO Energy Inc. is engaged in the acquisition, development, exploitation and exploration of producing oil and gas properties, and in the production, processing, marketing and transportation of oil and natural gas. The company has grown primarily through acquisitions of proved oil and gas reserves, followed by development and exploitation activities and strategic acquisitions of additional interests in or near such acquired properties. Xto Energy Inc. has a market cap of $24.84 billion; its shares were traded at around $42.82 with a P/E ratio of 12.8 and P/S ratio of 3.2. The dividend yield of Xto Energy Inc. stocks is 1.1%. Xto Energy Inc. had an annual average earning growth of 36.6% over the past 10 years. GuruFocus rated Xto Energy Inc. the business predictability rank of 5-star.
Sold Out: Vistaprint Ltd. (VPRT)
Steve Mandel sold out his holdings in Vistaprint Ltd.. His sale prices were between $39.63 and $50.94, with an estimated average price of $43.2.
Vistaprint N.V. is an online provider of coordinated portfolios of marketing products and services to small businesses globally. Vistaprint Ltd. has a market cap of $2.19 billion; its shares were traded at around $50.83 with a P/E ratio of 37.1 and P/S ratio of 4.3.
Sold Out: Mead Johnson Nutriti (MJN)
Steve Mandel sold out his holdings in Mead Johnson Nutriti. His sale prices were between $32.51 and $43.35, with an estimated average price of $37.8.
Mead Johnson Nutrition Company is a pediatric nutrition company. It manufactures, distributes, and sells infant formulas and other nutritional products worldwide primarily under the `Enfa` family of brands. Mead Johnson Nutriti has a market cap of $3.38 billion; its shares were traded at around $44.01 with a P/E ratio of 21 and P/S ratio of 1.2. The dividend yield of Mead Johnson Nutriti stocks is 1.9%.
Sold Out: Google Inc. (GOOG)
Steve Mandel sold out his holdings in Google Inc.. His sale prices were between $396.63 and $499.06, with an estimated average price of $453.84.
Google Inc. has a market cap of $182.55 billion; its shares were traded at around $576.65 with a P/E ratio of 29.9 and P/S ratio of 8.4.
Sold Out: Urban Outfitters Inc. ( URBN)
Steve Mandel sold out his holdings in Urban Outfitters Inc.. His sale prices were between $18.93 and $31.68, with an estimated average price of $26.14.
Urban Outfitters, Inc. operates two business segments consisting of a lifestyle-oriented general merchandise retailing segment and a wholesale apparel business. The retailing segment operates through retail stores and direct response, including a catalog and two web sites. The company's wholesale business designs and markets young women's casual wear which it provides to the company's retail operations and sells to specialty retailers worldwide. Urban Outfitters Inc. has a market cap of $5.57 billion; its shares were traded at around $33.08 with a P/E ratio of 30.9 and P/S ratio of 3. Urban Outfitters Inc. had an annual average earning growth of 27.9% over the past 10 years. GuruFocus rated Urban Outfitters Inc. the business predictability rank of 3-star.
Sold Out: Ecolab Inc. ( ECL)
Steve Mandel sold out his holdings in Ecolab Inc.. His sale prices were between $37.18 and $47.48, with an estimated average price of $41.82.
Ecolab Inc. is the global leader in cleaning, sanitizing, food safety and infection control products and services. Ecolab delivers comprehensive programs and services to the foodservice, food and beverage processing, healthcare, and hospitality markets. Ecolab Inc. has a market cap of $10.88 billion; its shares were traded at around $45.96 with a P/E ratio of 24.4 and P/S ratio of 1.8. The dividend yield of Ecolab Inc. stocks is 1.2%. Ecolab Inc. had an annual average earning growth of 12.3% over the past 10 years. GuruFocus rated Ecolab Inc. the business predictability rank of 5-star.
Sold Out: Union Pacific Corp. ( UNP)
Steve Mandel sold out his holdings in Union Pacific Corp.. His sale prices were between $48.89 and $63.54, with an estimated average price of $58.69.
Union Pacific Corp. consists of one reportable segment, rail transportation, and the company's other product lines. The railsegment includes the operations of the corporation's wholly owned subsidiary, Union Pacific Railroad Company and Union Pacific Railroad Company's subsidiaries and rail affiliates. The company's other operations include the trucking product line, as well as the other product lines that include technology, self-insurance activities, corporate holding company operations, and all appropriate consolidating entries. Union Pacific Corp. has a market cap of $33.25 billion; its shares were traded at around $65.94 with a P/E ratio of 17.2 and P/S ratio of 1.8. The dividend yield of Union Pacific Corp. stocks is 1.7%. Union Pacific Corp. had an annual average earning growth of 1.7% over the past 10 years. GuruFocus rated Union Pacific Corp. the business predictability rank of 2-star.
Sold Out: Sandridge Energy Inc (SD)
Steve Mandel sold out his holdings in Sandridge Energy Inc. His sale prices were between $7.96 and $13.72, with an estimated average price of $11.02.
SandRidge Energy, Inc. is an oil and natural gas company headquartered in Oklahoma City with its principal focus on exploration and production. SandRidge also owns and operates drilling rigs and a related oil field services business operating under the Lariat Services, Inc. brand name; gas gathering, marketing and processing facilities; and, through its subsidiary, PetroSource Energy Company CO2 treating and transportation facilities and tertiary oil recovery operations. SandRidge focuses its exploration and production activities in West Texas, the Cotton Valley Trend in East Texas and the Gulf Coast. SandRidge also owns oil and gas properties in the Piceance Basin of Colorado, the Gulf of Mexico and the Anadarko and Arkoma Basins. Sandridge Energy Inc has a market cap of $1.77 billion; its shares were traded at around $9.65 with a P/E ratio of 13.8 and P/S ratio of 1.5.
Sold Out: Suntrust Banks Inc. ( STI)
Steve Mandel sold out his holdings in Suntrust Banks Inc.. His sale prices were between $15.04 and $23.77, with an estimated average price of $19.94.
SunTrust Banks, Inc. is a commercial banking organization. The company provides a wide range of services to meet the financial needs of its growing customer base in Alabama, Florida, Georgia, Maryland, Tennessee, Virginia, and the District of Columbia. Its primary businesses include traditional deposit and credit services as well as trust and investment services. (Company Press Release) Suntrust Banks Inc. has a market cap of $10.94 billion; its shares were traded at around $21.94 with and P/S ratio of 1.1. The dividend yield of Suntrust Banks Inc. stocks is 0.2%. Suntrust Banks Inc. had an annual average earning growth of 2.3% over the past 10 years.
Sold Out: Fifth Third Bancorp ( FITB)
Steve Mandel sold out his holdings in Fifth Third Bancorp. His sale prices were between $6.54 and $10.94, with an estimated average price of $9.27.
Fifth Third Bancorp is a registered financial holding company and a multi-bank holding company. They engage primarily in commercial, retail and trust banking, data processing services, investment advisory services and leasing activities. In addition, the company provides credit life,accident, health and mortgage insurance, discount brokerage services andproperty management for its properties. Fifth Third Bancorp has a market cap of $8.08 billion; its shares were traded at around $10.16 with and P/S ratio of 0.9. The dividend yield of Fifth Third Bancorp stocks is 0.4%. Fifth Third Bancorp had an annual average earning growth of 8% over the past 10 years.
Sold Out: The Progressive Corp. ( PGR)
Steve Mandel sold out his holdings in The Progressive Corp.. His sale prices were between $14.32 and $17.16, with an estimated average price of $16.
Progressive Corp. is an auto insurance company and a writer of auto insurance through independent agents. Progressive is committed to providing independent agents with a financially strong company that offers competitive products designed specifically for the agency business; a strong national brand that drives consumers to independent agent's offices; 24-hour, in-person services for them and their customers; and continued innovations in technology. (Company Press Release) The Progressive Corp. has a market cap of $11.55 billion; its shares were traded at around $17.05 with a P/E ratio of 12.5 and P/S ratio of 0.9. The Progressive Corp. had an annual average earning growth of 23.9% over the past 10 years.
Sold Out: Msc Industrial Direct Co. Inc. ( MSM)
Steve Mandel sold out his holdings in Msc Industrial Direct Co. Inc.. His sale prices were between $34.83 and $43.9, with an estimated average price of $39.61.
MSC Industrial Direct Company Inc. is one of the largest direct marketers of a broad range of industrial products to small and mid-sized industrial customers throughout the United States. The company distributes a full line of industrial products, such as cutting tools, abrasives, measuring instruments, machine tool accessories, safety equipment, fasteners, welding supplies and electrical supplies, intended to satisfy the customers' maintenance, repair and operations supplies requirements. Msc Industrial Direct Co. Inc. has a market cap of $2.9 billion; its shares were traded at around $46.15 with a P/E ratio of 23.2 and P/S ratio of 1.9. The dividend yield of Msc Industrial Direct Co. Inc. stocks is 1.7%. Msc Industrial Direct Co. Inc. had an annual average earning growth of 17.4% over the past 10 years.
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