Billionaire Stephen Mandel Remains Among Valeant Bulls; Betting Big on Tech in Q4

Next in line is Charter Communications, Inc. (NASDAQ:CHTR), in which Lone Pine increased its position by 1.17 million shares to 6.55 million shares worth $1.15 billion. Charter Communications, Inc. (NASDAQ:CHTR)’s stock has jumped by 12% since the end of September, amid the company reporting a GAAP profit of $0.48 per share for the previous quarter, versus a loss of $0.49 per share a year earlier. Warren Buffett also likes Charter Communications, Inc. (NASDAQ:CHTR) and added 1.77 million shares to Berkshire Hathaway’s holding in the company, holding 10.28 million shares as of the end of September.

As JD.Com Inc (ADR) (NASDAQ:JD)‘s stock slid by more than 23% between July and September, Lone Pine acquired some 1.61 million shares valued at more than $1.13 billion. JD.Com Inc (ADR) (NASDAQ:JD)’s position as one of the largest e-commerce companies in China should position it well for long-term gains. The stock is still 15% in the green year-to-date despite the drop over the last couple of months, and after China overcomes its current economic problems, the stock should reverse its trajectory and gain ground. The top three shareholders of JD.Com Inc (ADR) (NASDAQ:JD) that we track are Lei Zhang’s Hillhouse Capital Management, Chase Coleman’s Tiger Global Management and Lone Pine, with the former two holding 136.61 million shares and 57.53 million shares, respectively.

Finally, Microsoft Corporation (NASDAQ:MSFT) represented Lone Pine’s fifth-largest holding at the end of September. The investor amassed 25.34 million shares worth $1.12 billion, the position being reduced by 1.26 million shares in the third quarter. In a declining PC market, Microsoft Corporation (NASDAQ:MSFT) has managed to perform strongly, focusing on cloud computing and software, both of which are showing signs of growth. Microsoft’s latest Windows OS was very well received by customers and the switch of its Office suite to a subscription-based service is also considered by analysts as a smart move that should result in more customers, and as a result, more revenue for the company. One of the largest shareholders of Microsoft Corporation (NASDAQ:MSFT) is ValueAct Capital, which owns 75.27 million shares.

Disclosure: None