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Lone Pine Steve Mandel’s $4B Jump

Sally Jones

Sally Jones

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The Lone Pine Capital website is closed to the public, but according to GuruFocus research Steve Mandel’s portfolio currently lists 59 stocks, 9 of them new, a quarter-over-quarter turnover of 17%, and a total value of $19.26 billion, up from $15.9 billion in April. With a jump like that, it’s time to check the top stocks’ performance of legendary hedge fund investor Steve Mandel, founder of Lone Pine Capital LLC. Mandel’s portfolio shows that he consistently invests in high quality stocks with the highest business predictability ranking, such as Ralph Lauren Corp. (RL). His top growth holding, Google Inc. (GOOG) has the highest-average 10-year EBITDA growth rate of 44%.

Here are a few portfolio highlights:

No. 1: Priceline.com Inc. (PCLN), Up 34% over 12 Months

Weighting: 6.3%

Shares Owned: 1,770,208

Share Price: $896.29

Holding 3.55% of shares outstanding, Steve Mandel is the top Guru shareholder of PCLN.

In five years of trading, Mandel has seen astronomical gains; his highest gain of 1079.6% was made in the first quarter of 2009. Check out this amazing trading history:



Priceline.com Inc. has a market cap of $45.03 billion. PCLN shares were traded at around $896.29 with a P/E ratio of 31.10 and P/S ratio of 8.33. Priceline.com had an annual average earnings growth of 55.1% over the past 5 years.

Track historical pricing:



No. 2: Google Inc. (GOOG), Up 46% over 12 Months

Weighting: 5.8%

Shares Owned: 1,398,517

Share Price: $896.60

With 0.42% of shares outstanding, Steve Mandel is the fifth top Guru shareholder of GOOG, the stock with the highest-average 10-year EBITDA growth rate of 44%.

In the past five years of trading, Mandel has seen consistently high gains and never a losing quarter. Mandel’s highest gain with GOOG was 177.8% made in the fourth quarter of 2008.

Google (GOOG) has a market cap of $302.13 billion; its shares were traded at around $896.60 with a P/E ratio of 26.40 and P/S ratio of 5.44. Google Inc. has had an annual average earnings growth of 44% over the past 10 years. GuruFocus rated Google the business predictability rank of 2.5-star.



No. 3: Dollar General Corporation (DG), Up 2% over 12 Months

Weighting: 3.7%

Shares Owned: 14,243,793

Share Price: $53.30

With 4.35% of shares outstanding, Steve Mandel is the top Guru shareholder of DG.

Mandel first bought around 2.4 million DG shares in the second quarter of 2010 for a gain of 84.4%. Since that time he’s gained an average of 44% on more than 26.7 million shares bought at an average price of $37.13. On selling more than 12.4 million shares at an average price of $46.80, Mandel’s average gain is 14%.

Dollar General Corporation (DG) has a market cap of $17.5 billion. DG shares were traded at around $53.30 with a P/E ratio of 18.60 and P/S ratio of 1.08. Dollar General Corporation had an annual average earnings growth of 14.6% over the past 10 years.

Track historical pricing:



Here is the complete portfolio of Steve Mandel.



1. Steve Mandel's Undervalued Stocks

2. Steve Mandel's Top Growth Companies

3. Steve Mandel's High Yield stocks

4. Stocks that Steve Mandel keeps buying

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Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.

GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

The GuruFocus Score Board of Gurus shows which investors produced the largest average returns in the past 6 and 12 months, as well as on a historical basis.

About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.7/5 (3 votes)

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