Lone Pine Capital Discloses New 6.4% Stake in LPL Financial Holdings Inc (LPLA)

Lone Pine Capital LLC, managed by Stephen Mandel, has initiated a position in LPL Financial Holdings Inc (NASDAQ:LPLA), purchasing around 6.52 million shares. The holding amasses 6.4% of the common stock of the company.


LPL Financial Holdings is one of the largest independent broker dealers in the U.S based on total revenues. Other hedge funds invested in Lone Pine Capital are Fpr Partners, managed by Bob Peck and Andy Raab, which held $284.72 million, equivalent to 11.1% of its equity portfolio, followed by Ken Griffin’s Citadel Investment Group, which held 2.27 million shares at the end of third quarter 2013. D. E. Shaw’s fund, boosted its stake in at LPL Financial Holdings Inc (NASDAQ:LPLA) by 60% in the third quarter and held 297,770 shares at the end of the quarter.

James Putnam, director at LPL Financial Holdings Inc (NASDAQ:LPLA), sold 200,697 shares in the last three months and now holds 104,280 shares of the company.

Stephen Mandel is a “bottom-up” investor with great stock picking skills. Earlier this year Steven Mandel’s Lone Pine Capital added SBA Communications Corporation (NASDAQ:SBAC) to its equity portfolio. The fund bought 8.20 million class A shares of the company.

Earlier this month, Lone Pine Capital has disclosed adding Lumber Liquidators Holdings, Inc (NYSE:LL) to its equity portfolio. The fund revealed holding 2.19 million class A shares, which is equivalent to 7.9% of the class A common stock. In October, Lone Pine Capital upped its position in The Gap Inc. (NYSE:GPS) to around 25.1 million shares, from 19.2 million shares held earlier.

At the end of the third quarter, Lone Pine Capital had 4.45% of its equity portfolio invested in Dollar General Corp. (NYSE:DG), holding 17.68 million shares. It is followed by Cognizant Technology Solutions Corp (NASDAQ:CTSH), of which the fund held 11.96 million shares.

Disclosure: none

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