Steve Mandel owns holdings in 53 companies, worth $10.45 billion. 18% of his holdings are in technology stocks, 22.8% in financials, and 24.4% in consumer services.
To see his most recent buys and sells read this article. In the fourth quarter, Steve Mandel raises his exposure to retail, banks, and industrial goods, and drops some consumer goods: Philip Morris Int’l and Coke. He likes to invest in domestic and non-domestic companies with consumer motivated markets.
Below are Mandel’s investing trends from March 2008 to December 2009.
|Year to Year Trend||To list a few Companies|
|Financial||Steadily Increased|| HSBC Holdings, Bank of America, |
Mead Johnson, JPMorgan, Etrade
|Telecom||Nearly Sold Out||Citrix, Autodesk, Qcom|
|Consumer Service||Steadily Increased||Yum, Disney, Marvel|
|Health care||Added||Baxter International|
|Consumer goods||Sold|| Ebay, CVS, Staples, |
Green Mountain, McD
|Industrials||Added|| Accenture, Goodrich, Precision |
|Oil & Gas||Nearly Sold Out||Southwest Energy|
You can also follow another article: Mandel’s High Yield Stocks—these are the stocks with the highest dividend yield in Steve Mandel's Portfolio. To see a break-down of Mandel’s portfolio go to Top Yield Stocks, Top Growth Stocks, Low P/E Stocks, and Insider Buys.
These are the stocks with the highest dividend yield in Steve Mandel's Portfolio. To see a break-down of Mandel’s portfolio go to Top Yield Stocks, Top Growth Stocks, Low P/E Stocks, and Insider Buys.
|Company||Yield %||Mandel Owns||Weighting|
Grupo Aeroportuario del Sureste S.A. de (ASR)Grupo Aeroportuario del Sureste is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico. Grupo Aeroportuario Del Sureste S.a. De has a market cap of $1.42 billion; its shares were traded at around $51.22 with a P/E ratio of 26.13 and P/S ratio of 5.92. The dividend yield of Grupo Aeroportuario Del Sureste S.a. De stocks is 9.16%. Grupo Aeroportuario Del Sureste S.a. De had an annual average earning growth of 11.4% over the past 10 years.
The company released news that February capacity was 6.9% lower than a year ago, and 4Q capacity was down 6%. Unemployment rate in Mexico declined to 5.4% from 5.9% Jan to Feb.
Steve Mandel owns 347,986 shares as of 12/31/2009, which accounts for 0.17% of the $10.45 billion portfolio of Lone Pine Capital.
Grupo Aeroportuario del Pacifico S.A.B d (PAC)Grupo Aeroportuario del Pacifico was constituted as part of the process of opening to the private investment the Mexican airport system. Grupo Aeroportuario Del Pacifico S.a.b D has a market cap of $1.71 billion; its shares were traded at around $35.91 with a P/E ratio of 22.87 and P/S ratio of 6.85. The dividend yield of Grupo Aeroportuario Del Pacifico S.a.b D stocks is 4.44%.
They company reports year to year passenger traffic: 3.7% increases for March, 4.5% decrease for February, and 1.7% decrease for January.
Steve Mandel owns 571,705 shares as of 12/31/2009, which accounts for 0.17% of the $10.45 billion portfolio of Lone Pine Capital.
HSBC Holdings plc (HBC)HSBC HOLDINGS is one of the largest banking and financial services organizations in the world. Hsbc Holdings Plc has a market cap of $178.3 billion; its shares were traded at around $51.17 with and P/S ratio of 1.67. The dividend yield of Hsbc Holdings Plc stocks is 3.32%.
HSBC eliminated two companies: Climate Exchange and Trading Emissions from their Climate Change Index. The two companies did poorly as the United Nations failed to set a timeline for climate & emissions agreements between nations. HSBC hired Ashley Parker to head the New York City regional banks. News reported an HSBC employee stole info from 15,000 Swiss accounts. 2009 total annual profits increased to $6.69 billion from $6.49 billion in 2008. The company lost $142 million in 2009 compared to a loss of $1.69 billion in 2008.
Steve Mandel bought 6,676,242 shares in the quarter that ended on 12/31/2009, which is 3.65% of the $10.45 billion portfolio of Lone Pine Capital.
McDonald's Corp. (MCD)McDonald's Corporation develops, operates, franchises and services a worldwide system of restaurants that prepare, assemble, package and sell a limited menu of value-priced foods. Mcdonald's Corp. has a market cap of $71.58 billion; its shares were traded at around $66.53 with a P/E ratio of 16.72 and P/S ratio of 3.15. The dividend yield of Mcdonald's Corp. stocks is 3.31%. Mcdonald's Corp. had an annual average earning growth of 11.3% over the past 10 years.
SEC-filings show, the CEO’s salary was higher in 2009 by 29% compared to 2008. Mcdonald’s Corp plans to expand its Chinese stores two-fold; the company also plans to increase its presence in Russia. The company spent $200 thousand lobbying in 2009. Annual 2009 profits increased to $1.22 billion or $1.11 per share, from $985.3 million, $0.87 per share compared to 2008. Revenue rose 7% to $5.97 billion from $5.57 billion.
Steve Mandel owns 7,620,201 shares as of 12/31/2009, an increase of 19.77% from the previous quarter. This position accounts for 4.55% of the $10.45 billion portfolio of Lone Pine Capital.
Yum! Brands Inc. (YUM)Yum! Brands Inc. owns restaurants Pizza Hut, Taco Bell, and KFC. Yum! Brands Inc. has a market cap of $17.8 billion; its shares were traded at around $37.94 with a P/E ratio of 17.4 and P/S ratio of 1.64. The dividend yield of Yum! A Brands Inc. stock is 2.21%. Yum! Brands Inc. had an annual average earning growth of 11.9% over the past 10 years. GuruFocus rated Yum! Brands Inc. the business predictability rank of 2-star.
CEO of YUM brand restaurant chain earned 45% less salary in 2009 compared to 2008. The company opened its first Taco Bell restaurant in India. YUM announced the repurchase of $300 million worth of public offerings. 4Q lobbying expense came up to be $220 thousand. The company posts 4Q net income of $216 million, or $0.45 cents a share, compared to $204 million, or $0.43 cents a share, a year ago. Revenue stayed the same at $3.4 billion during the same period. Annual profits were $1.1 billion, or $2.22 per share, compared to $964 million, or $1.96 per share, in 2008. Revenue for 2009 declined to $10.9 billion from $11.3 billion in 2008.
Steve Mandel bought 6,534,659 shares in the quarter that ended on 12/31/2009, which is 2.19% of the $10.45 billion portfolio of Lone Pine Capital.