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 9 Most Dangerous Countries for Tourists to Visit

Reign of Terror: The 10 Most Ruthless Politicians in History

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

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!