Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Stephen Mandel’s Lone Pine Discloses 6.4% Stake in SouFun Holdings (SFUN)

Stephen Mandel’s Lone Pine Capital disclosed holding 3.7 million shares of SouFun Holdings Limited (NYSE:SFUN). The stake amounts to 6.4% of the company’s common stock. Previously, Lone Pine Capital held 45,000 shares under call options.

LONE PINE CAPITAL

SouFun Holdings Limited (NYSE:SFUN) is a $6.6 billion, real estate Internet portal operator in China. Its stock has a trailing P/E of 23.x and a beta of 2.3. For the fourth quarter of 2013, the company recorded a 47.2% year-over-year increase in revenues to $217.2 million. Earnings per share jumped by 79.7% to $1.42.

For the current quarter, the consensus EPS estimate stands at $0.53. For the full year 2014, the company expects revenues between $780.0 million and $796.0 million, representing an annual increase of 22.5-25.0%.

One of the largest stockholders of SouFun Holdings is John Burbank’s Passport Capital, which held 2.2 million shares at the end of the fourth quarter of 2013. It is followed by Louis Navellier’s Navellier & Associates, with approximately 692,500 shares, and Chase Coleman and Feroz Dewan’s Tiger Global Management, which held 638,000 shares.

Lone Pine Capital was launched in 1997 and follows a “bottom-up” strategy. The fund is heavily invested in Services and Technology sectors. Stephen Mandel is from the Tiger club and before founding Lone Pine was with Robertson. He returned about 23% annually during the past 11 years, beating the S&P 500 index by more than 20 percentage points per year, on average.

Earlier, Lone Pine reported new positions in a number of companies, from financial services’ providers to sellers of hardwood flooring. Lone Pine acquired 6.52 million shares in LPL Financial Holdings Inc (NASDAQ:LPLA). The fund also disclosed adding  Lumber Liquidators Holdings Inc (NYSE:LL) and  SBA Communications Corporation (NASDAQ:SBAC) to its equity portfolio, holding stakes of  7.9%, and 6.4 %, respectively.

According to the fund’s latest 13F, Lone Pine Capital is the largest shareholder in Dollar General Corp (NYSE:DG), with a stake valued in excess of $1.1 billion. It is followed by Cognizant Technology Solutions Corp (NASDAQ:CTSH), of which it holds 10.7 million shares valued at $1.1 billion, and Priceline.com Inc (NASDAQ:PCLN), in which it owns 884,800 shares worth more than $1.0 billion.

Disclosure:none

Recommended Reading:

Mario Gabelli is Bullish on Lawson Products Inc. (LAWS)

Robert Lynch and Aristeia Capital’s Oil & Gas and Financial Picks

Paul Singer Is Betting on This Small Stock, You Should Too

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!