Billionaire Stephen Mandel Just Took a 5.3% Stake in Pandora

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.

LONE PINE CAPITAL

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