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 Disclosure: none
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 30 percentage points in 13 months Learn how!

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!