Billionaire Stephen Mandel’s Top Fund Holdings: Google Inc (GOOG), Priceline.com Inc (PCLN)

Page 1 of 2

LONE PINE CAPITALWith the close of each quarter comes an exciting season for investors – the release of hedge funds’ 13F filings, which outline their holdings and can give considerable insight into the thought process of billionaires, analysts, and traders. We at Insider Monkey take specific interest in these releases, as we have found that the most popular small cap stocks among hedge funds have outperformed the market by 18 percentage points per year, even despite the lag between actual investment and the date at which they are filed (read more about this phenomenon here). Billionaire Stephen Mandel of Lone Pine Capital recently released his fund’s Q4 2012 13F, and we have analyzed the top holdings below.

Lone Pine’s top ten positions account for about 44% of its total portfolio value, with Google Inc (NASDAQ:GOOG) receiving almost 7% of the fund’s $15.9bn. Google saw a loss in popularity amongst hedge funds going into the end of 2012, with the number of funds holding the stock reducing from 143 in Q3 2012 to 126 in Q4 2012, a decline of 12%. Google continues to have woes in Europe, as the EU is inching along its antitrust probe and voicing its concerns over Google’s treatment and protection of user data, which has seen opposition from France and Spain lately. Google Inc (NASDAQ:GOOG) is Farallon Capital’s fifth-largest position (view the fund’s other top holdings here).

Priceline.com Inc (NASDAQ:PCLN) has the same percentage allocation as GOOG, capturing over a billion dollars of the fund’s AUM. The online travel company has experienced high growth rates in revenue and bookings that have outpaced fellow competitor Expedia, and it is hoping that its recent $1.8bn purchase of Kayak will continue to increase market share. Expected earnings growth for 2013 comes in at over 20%, giving the stock a forward price-to-earnings ratio of 18. Tiger Global Management reduced its Priceline.com Inc (NASDAQ:PCLN) position by 36% last quarter (see the fund’s holdings here).

Cognizant Technology Solutions Corp (NASDAQ:CTSH) remains the fund’s third-largest holding, unchanged from the quarter prior except for a slight 3% increase in shares. The company provides custom IT and technology services and possesses the highest growth profile amongst its competitors. CTSH beat or met expectations for every earnings announcement last year, albeit by less than a nickel each time. Cognizant announced its intent to buy six companies from German-based C1 Group around Christmas time last year, increasing its budding footprint in Europe. Famed investor George Soros recently added a $39mm position last quarter (see his fund’s top picks here).

Continue reading to see the best of the rest.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!