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

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gurufocus

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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.

As of 09/30/2011, Lone Pine Capital owns 55 stocks with a total value of $12.3 billion. These are the details of the buys and sells that have the impact to portfolio of more than .1%.

This is the portfolio chart of Steve Mandel. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



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:

Technology 30.8%
Consumer Services 28.1%
Industrials 11.5%
Consumer Goods 10.5%
Health Care 7.3%
Oil & Gas 4.7%
Financials 3.7%
Telecom 1.5%
Basic Materials 1.4%


These are the top 5 holdings of Steve Mandel

  1. Apple Inc. (AAPL) - 2,059,427 shares, 6.4% of the total portfolio. Shares added by 4.16%
  2. Cognizant Technology Solutions Corp. (CTSH) - 10,697,067 shares, 5.5% of the total portfolio. Shares added by 24.3%
  3. Dollar General (DG) - 15,811,147 shares, 4.9% of the total portfolio. Shares reduced by 2.34%
  4. Ralph Lauren Corp (RL) - 4,215,814 shares, 4.5% of the total portfolio. Shares added by 3.18%
  5. Express Scripts Inc. (ESRX) - 13,443,610 shares, 4.1% of the total portfolio. Shares added by 67.08%


New Purchase: Las Vegas Sands (LVS)

Steve Mandel initiated holdings in Las Vegas Sands. His purchase prices were between $37.33 and $49.21, with an estimated average price of $45.13. The impact to his portfolio due to this purchase was 2.3%. His holdings were 7,366,136 shares as of 09/30/2011.

New Purchase: Visa (V)

Steve Mandel initiated holdings in Visa. His purchase prices were between $79.24 and $92.84, with an estimated average price of $87.24. The impact to his portfolio due to this purchase was 1.59%. His holdings were 2,272,192 shares as of 09/30/2011.

New Purchase: Nii Holdings Inc (NIHD)

Steve Mandel initiated holdings in Nii Holdings Inc. His purchase prices were between $29.33 and $43.86, with an estimated average price of $38.17. The impact to his portfolio due to this purchase was 1.54%. His holdings were 7,006,471 shares as of 09/30/2011.

New Purchase: Williamssonoma Inc. (WSM)

Steve Mandel initiated holdings in Williamssonoma Inc.. His purchase prices were between $28.88 and $38.99, with an estimated average price of $34.02. The impact to his portfolio due to this purchase was 1.46%. His holdings were 5,824,323 shares as of 09/30/2011.

New Purchase: United Technologies Corp. (UTX)

Steve Mandel initiated holdings in United Technologies Corp.. His purchase prices were between $67.44 and $91.39, with an estimated average price of $77.63. The impact to his portfolio due to this purchase was 1.41%. His holdings were 2,465,518 shares as of 09/30/2011.

New Purchase: Fossil Inc. (FOSL)

Steve Mandel initiated holdings in Fossil Inc.. His purchase prices were between $72.93 and $134.29, with an estimated average price of $106.84. The impact to his portfolio due to this purchase was 1.31%. His holdings were 1,984,441 shares as of 09/30/2011.

New Purchase: Grifols S.a. (GRFS)

Steve Mandel initiated holdings in Grifols S.a.. His purchase prices were between $5.52 and $8.13, with an estimated average price of $7.03. The impact to his portfolio due to this purchase was 0.37%. His holdings were 7,067,971 shares as of 09/30/2011.

Sold Out: O Reilly Automotive Inc. (ORLY)

Steve Mandel sold out his holdings in O Reilly Automotive Inc.. His sale prices were between $56.91 and $71.72, with an estimated average price of $64.26.

Sold Out: Medco Health Solutions Inc. (MHS)

Steve Mandel sold out his holdings in Medco Health Solutions Inc.. His sale prices were between $47.93 and $65.96, with an estimated average price of $54.55.

Sold Out: Accenture Cl A (ACN)

Steve Mandel sold out his holdings in Accenture Cl A. His sale prices were between $47.44 and $63.44, with an estimated average price of $55.74.

Sold Out: Nielsen Holdings (NLSN)

Steve Mandel sold out his holdings in Nielsen Holdings. His sale prices were between $26.12 and $31.36, with an estimated average price of $28.82.

Sold Out: American Tower Corp. Cl A (AMT)

Steve Mandel sold out his holdings in American Tower Corp. Cl A. His sale prices were between $46.35 and $55.21, with an estimated average price of $52.49.

Sold Out: Family Dollar Stores Inc. (FDO)

Steve Mandel sold out his holdings in Family Dollar Stores Inc.. His sale prices were between $45.14 and $55.14, with an estimated average price of $51.76.

Sold Out: Netflix Inc. (NFLX)

Steve Mandel sold out his holdings in Netflix Inc.. His sale prices were between $113.19 and $298.73, with an estimated average price of $228.28.

Sold Out: Liberty Media Corp. Liberty Starz (LSTZA)

Steve Mandel sold out his holdings in Liberty Media Corp. Liberty Starz. His sale prices were between $65.46 and $77.93, with an estimated average price of $71.69.

Sold Out: Etfs Physical Palladium (PALL)

Steve Mandel sold out his holdings in Etfs Physical Palladium. His sale prices were between $61.32 and $83.02, with an estimated average price of $74.57.

Sold Out: Etfs Physical Platinum (PPLT)

Steve Mandel sold out his holdings in Etfs Physical Platinum. His sale prices were between $150.71 and $186.36, with an estimated average price of $175.6.

Sold Out: Emerson Electric Co. (EMR)

Steve Mandel sold out his holdings in Emerson Electric Co.. His sale prices were between $41.89 and $58.15, with an estimated average price of $48.22.

Sold Out: Autodesk Inc. (ADSK)

Steve Mandel sold out his holdings in Autodesk Inc.. His sale prices were between $23.41 and $40.39, with an estimated average price of $31.17.

Sold Out: Davita Inc. (DVA)

Steve Mandel sold out his holdings in Davita Inc.. His sale prices were between $62.93 and $89.36, with an estimated average price of $77.1.

Added: News Corp. (NWSA)

Steve Mandel added to his holdings in News Corp. by 461.18%. His purchase prices were between $13.62 and $18.13, with an estimated average price of $16.19. The impact to his portfolio due to this purchase was 2.75%. His holdings were 26,522,223 shares as of 09/30/2011.

Added: Express Scripts Inc. (ESRX)

Steve Mandel added to his holdings in Express Scripts Inc. by 67.08%. His purchase prices were between $38.29 and $57.3, with an estimated average price of $47.82. The impact to his portfolio due to this purchase was 1.63%. His holdings were 13,443,610 shares as of 09/30/2011.

Added: Oceaneering International Inc. (OII)

Steve Mandel added to his holdings in Oceaneering International Inc. by 1149.39%. His purchase prices were between $33.16 and $44.15, with an estimated average price of $40.74. The impact to his portfolio due to this purchase was 1.6%. His holdings were 6,043,228 shares as of 09/30/2011.

Added: Cognizant Technology Solutions Corp. (CTSH)

Steve Mandel added to his holdings in Cognizant Technology Solutions Corp. by 24.3%. His purchase prices were between $55.01 and $77.62, with an estimated average price of $66.73. The impact to his portfolio due to this purchase was 1.07%. His holdings were 10,697,067 shares as of 09/30/2011.

Added: Priceline.com Inc. (PCLN)

Steve Mandel added to his holdings in Priceline.com Inc. by 80.47%. His purchase prices were between $448.95 and $552.15, with an estimated average price of $519.23. The impact to his portfolio due to this purchase was 1.06%. His holdings were 646,389 shares as of 09/30/2011.

Added: Schlumberger Ltd. (SLB)

Steve Mandel added to his holdings in Schlumberger Ltd. by 47.84%. His purchase prices were between $60.33 and $94.7, with an estimated average price of $79.09. The impact to his portfolio due to this purchase was 0.95%. His holdings were 6,041,581 shares as of 09/30/2011.

Added: Accretive Health (AH)

Steve Mandel added to his holdings in Accretive Health by 164.37%. His purchase prices were between $21.16 and $30.8, with an estimated average price of $26.71. The impact to his portfolio due to this purchase was 0.84%. His holdings were 7,841,405 shares as of 09/30/2011.

Added: Bed Bath & Beyond Inc. (BBBY)

Steve Mandel added to his holdings in Bed Bath & Beyond Inc. by 31.16%. His purchase prices were between $49.73 and $60.31, with an estimated average price of $57.13. The impact to his portfolio due to this purchase was 0.61%. His holdings were 5,467,444 shares as of 09/30/2011.

Added: Netapp Inc. (NTAP)

Steve Mandel added to his holdings in Netapp Inc. by 25.72%. His purchase prices were between $34.96 and $53.94, with an estimated average price of $42.41. The impact to his portfolio due to this purchase was 0.54%. His holdings were 9,519,193 shares as of 09/30/2011.

Added: Netease.com Inc. (NTES)

Steve Mandel added to his holdings in Netease.com Inc. by 29.91%. His purchase prices were between $38.96 and $51.48, with an estimated average price of $46.82. The impact to his portfolio due to this purchase was 0.46%. His holdings were 6,379,580 shares as of 09/30/2011.

Added: Google Inc. (GOOG)

Steve Mandel added to his holdings in Google Inc. by 12.88%. His purchase prices were between $490.92 and $622.52, with an estimated average price of $552.64. The impact to his portfolio due to this purchase was 0.45%. His holdings were 938,388 shares as of 09/30/2011.

Added: Qualcomm Inc. (QCOM)

Steve Mandel added to his holdings in Qualcomm Inc. by 17.02%. His purchase prices were between $46.52 and $59.36, with an estimated average price of $52.75. The impact to his portfolio due to this purchase was 0.42%. His holdings were 7,222,518 shares as of 09/30/2011.

Added: Sensata Technologies Holding (ST)

Steve Mandel added to his holdings in Sensata Technologies Holding by 31.33%. His purchase prices were between $28.23 and $39.25, with an estimated average price of $33.29. The impact to his portfolio due to this purchase was 0.34%. His holdings were 6,670,287 shares as of 09/30/2011.

Added: Solarwinds (SWI)

Steve Mandel added to his holdings in Solarwinds by 97.51%. His purchase prices were between $20.05 and $26.3, with an estimated average price of $23.01. The impact to his portfolio due to this purchase was 0.33%. His holdings were 3,766,081 shares as of 09/30/2011.

Added: Teradata (TDC)

Steve Mandel added to his holdings in Teradata by 27.43%. His purchase prices were between $43.35 and $62.33, with an estimated average price of $53.85. The impact to his portfolio due to this purchase was 0.33%. His holdings were 3,507,642 shares as of 09/30/2011.

Added: Dollar Tree Inc. (DLTR)

Steve Mandel added to his holdings in Dollar Tree Inc. by 14.96%. His purchase prices were between $60.95 and $77.48, with an estimated average price of $69.97. The impact to his portfolio due to this purchase was 0.28%. His holdings were 3,566,451 shares as of 09/30/2011.

Added: Apple Inc. (AAPL)

Steve Mandel added to his holdings in Apple Inc. by 4.16%. His purchase prices were between $349.43 and $413.45, with an estimated average price of $381.98. The impact to his portfolio due to this purchase was 0.26%. His holdings were 2,059,427 shares as of 09/30/2011.

Added: Wyndham Worldwide (WYN)

Steve Mandel added to his holdings in Wyndham Worldwide by 13.57%. His purchase prices were between $25.38 and $35.4, with an estimated average price of $31.65. The impact to his portfolio due to this purchase was 0.21%. His holdings were 7,643,808 shares as of 09/30/2011.

Added: Liberty Media Corp. Liberty Cap (LCAPA)

Steve Mandel added to his holdings in Liberty Media Corp. Liberty Cap by 16.48%. His purchase prices were between $63.89 and $87.6, with an estimated average price of $75.08. The impact to his portfolio due to this purchase was 0.19%. His holdings were 2,488,283 shares as of 09/30/2011.

Added: Vanceinfo Technologies Inc. Ads (VIT)

Steve Mandel added to his holdings in Vanceinfo Technologies Inc. Ads by 76.94%. His purchase prices were between $6.96 and $22.7, with an estimated average price of $15.11. The impact to his portfolio due to this purchase was 0.19%. His holdings were 7,862,536 shares as of 09/30/2011.

Added: Ralph Lauren Corp (RL)

Steve Mandel added to his holdings in Ralph Lauren Corp by 3.18%. His purchase prices were between $114.16 and $151.77, with an estimated average price of $136.12. The impact to his portfolio due to this purchase was 0.14%. His holdings were 4,215,814 shares as of 09/30/2011.

Added: Ctrip.com International Ltd. (CTRP)

Steve Mandel added to his holdings in Ctrip.com International Ltd. by 6.27%. His purchase prices were between $32.7 and $46.75, with an estimated average price of $40.51. The impact to his portfolio due to this purchase was 0.13%. His holdings were 8,596,005 shares as of 09/30/2011.

Added: Ameriprise Financial (AMP)

Steve Mandel added to his holdings in Ameriprise Financial by 16.62%. His purchase prices were between $39.04 and $59.22, with an estimated average price of $47.4. The impact to his portfolio due to this purchase was 0.11%. His holdings were 2,351,418 shares as of 09/30/2011.

Added: International Flavors & Fragrances Inc. (IFF)

Steve Mandel added to his holdings in International Flavors & Fragrances Inc. by 9.12%. His purchase prices were between $52.8 and $64.96, with an estimated average price of $59. The impact to his portfolio due to this purchase was 0.11%. His holdings were 2,992,507 shares as of 09/30/2011.

Added: Wabco Holdings (WBC)

Steve Mandel added to his holdings in Wabco Holdings by 8.35%. His purchase prices were between $37.05 and $72.51, with an estimated average price of $53.67. The impact to his portfolio due to this purchase was 0.1%. His holdings were 4,397,934 shares as of 09/30/2011.

Added: Netease.com Inc. (NTES)

Steve Mandel added to his holdings in Netease.com Inc. by 3511%. The impact to his portfolio due to this purchase was 62.12%. His holdings were 177,328,000 shares as of 09/30/2011.

Added: Wyndham Worldwide (WYN)

Steve Mandel added to his holdings in Wyndham Worldwide by 22.71%. The impact to his portfolio due to this purchase was 0.39%. His holdings were 8,259,034 shares as of 09/30/2011.

Reduced: Yum! Brands Inc. (YUM)

Steve Mandel reduced to his holdings in Yum! Brands Inc. by 72.08%. His sale prices were between $47.82 and $56.6, with an estimated average price of $53. The impact to his portfolio due to this sale was -2.18%. Steve Mandel still held 2,033,052 shares as of 09/30/2011.

Reduced: Goodrich Corp. (GR)

Steve Mandel reduced to his holdings in Goodrich Corp. by 45.88%. His sale prices were between $80.5 and $121.75, with an estimated average price of $94.21. The impact to his portfolio due to this sale was -1.63%. Steve Mandel still held 2,678,332 shares as of 09/30/2011.

Reduced: Yandex N.v. (YNDX)

Steve Mandel reduced to his holdings in Yandex N.v. by 80.19%. His sale prices were between $22.6 and $38.51, with an estimated average price of $31.28. The impact to his portfolio due to this sale was -1.34%. Steve Mandel still held 1,243,941 shares as of 09/30/2011.

Reduced: Citigroup Inc. (C)

Steve Mandel reduced to his holdings in Citigroup Inc. by 58.3%. His sale prices were between $23.96 and $42.63, with an estimated average price of $32.61. The impact to his portfolio due to this sale was -1.2%. Steve Mandel still held 2,740,726 shares as of 09/30/2011.

Reduced: Estee Lauder Cos. Inc. (EL)

Steve Mandel reduced to his holdings in Estee Lauder Cos. Inc. by 31.64%. His sale prices were between $87.49 and $107.24, with an estimated average price of $99.09. The impact to his portfolio due to this sale was -0.67%. Steve Mandel still held 1,835,338 shares as of 09/30/2011.

Reduced: U.s. Bancorp (USB)

Steve Mandel reduced to his holdings in U.s. Bancorp by 46.07%. His sale prices were between $20.56 and $27.01, with an estimated average price of $23.9. The impact to his portfolio due to this sale was -0.63%. Steve Mandel still held 3,841,481 shares as of 09/30/2011.

Reduced: Royal Caribbean Cruises Ltd. (RCL)

Steve Mandel reduced to his holdings in Royal Caribbean Cruises Ltd. by 39.85%. His sale prices were between $21.99 and $39.15, with an estimated average price of $28.27. The impact to his portfolio due to this sale was -0.58%. Steve Mandel still held 3,115,316 shares as of 09/30/2011.

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gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

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