Billionaires Steven Cohen and Stephen Mandel Disclose Huge Stakes in Lumber Liquidators Holdings Inc (LL)

In a couple of new filings with the SEC, Stephen Mandel‘s Lone Pine Capital, and SAC Capital Advisors, managed by Steven Cohen, disclosed holding significant positions in Lumber Liquidators Holdings Inc (NYSE:LL). Lone Pine has initiated its position in the company and currently holds 2.19 million shares, equal to 7.9% of the stock. SAC Capital reported boosting its stake to  1.39 million shares, which represent  5.0% of the common stock, from 60,144 shares owned by the fund previously.

LONE PINE CAPITAL

Lumber Liquidators Holdings Inc (NYSE:LL) sells hardwood flooring at “liquidator” prices.

Daruma Asset Management, led by Mariko Gordon, is another fund that we track, is the largest shareholder of Lumber Liquidators Holdings Inc (NYSE:LL). The fund held 445,621 shares, with a reported value of $47.53 million at the end of the third quarter.

A couple of months ago, Robert Lynch, a director at Lumber Liquidators Holdings Inc (NYSE:LL), added 4,647 shares to his holding and currently owns 34,500 shares of the company. At the same time, another director, John Presley, trimmed his stake by 26,385 shares and currently holds 22,491 shares.

Last month, SAC Capital, added 1.25 million shares of Textura Corp (NYSE:TXTR), the stake amasses 5.0% of the company’s common stock. Also, recently the fund along with its its affiliates has upped its stake in PDC Energy Inc (NASDAQ:PDCE) to around 1.81 million shares of the company, from 21,500 shares held earlier.

Lone Pine Capital added SBA Communications Corporation (NASDAQ:SBAC) to its equity portfolio a couple of weeks ago, and revealed owning 8.20 million class A shares. The stake amasses 6.4% of the class A common stock of SBA Communications. In addition, the fund revealed that it has upped its holding in Wyndham Worldwide Corporation (NYSE:WYN) to 6.77 million shares from 5.71 million shares held earlier. The current holding represents 5.2% of  the common stock of Wyndham Worldwide.

Disclosure: none

Recommended reading:

Tenaya Capital’s Two Recent Moves: Cyan Inc (CYNI) And Meru Networks, Inc. (MERU)

Billionaire Leon Cooperman’s Recent Moves: Arbor Realty Trust, Inc. (ABR), Atlas Energy LP (ATLS) & Others

Daniel Benton’s Andor Capital Is Fond of Facebook Inc (FB) And Apple Inc. (AAPL) Among Others

 

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
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 Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!