Stephen Mandel, Pandora
: In a 13G filing, which indicates a passive stake has been taken, made public mere minutes ago, Stephen Mandel's Lone Pine Capital disclosed
a 5.3% stake in Pandora Media Inc (NYSE:P
). As of the end of last quarter, some of the largest hedge fund bulls in Pandora were Eminence Capital
and Orbis Investment Management
, and Mandel's position of more than 10 million shares makes his stake larger than both funds. Shares of Pandora are up more than 36% over the past three months, so continue to watch how Mandel handles his bet.