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.

LONE PINE CAPITAL

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

Recommended reading:

Peter Schliemann’s Rutabaga Capital Recent Moves Includes Mktg, Inc. (CMKG), Douglas Dynamics Inc (PLOW) & Others

Oaktree Capital’s Latest Moves: Newpage Holdings, Capital Product Partners LP (CPLP), & Masonite International Corp. (DOOR)

Global Payments Inc (GPN), Total System Services, Inc. (TSS) Among Value Holdings’ Largest Picks

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

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

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!