Hedge Fund - Lone Pine Capital

Stephen Mandel Bio, Returns, Net Worth

Steve Mandel has $17 Billion assets under management. His personal wealth is about one tenth of that. Mandel is a Tiger cub, leaving Robertson in 1997 to launch Lone Pine. He’s a “bottom-up” investor with great stock picking skills. He returned about 23% during the past 11 years, beating the S&P 500 index by more than 20 percentage points per year. Mandel’s market beta seems quite high though. According to a Valley News article, Mandel didn’t offer much downside protection in 2008:

Steve Mandel has $17 Billion assets under management. His personal wealth is about one tenth of that. Mandel is a Tiger cub, leaving Robertson in 1997 to launch Lone Pine. He’s a “bottom-up” investor with great stock picking skills. He returned about 23% during the past 11 years, beating the S&P 500 index by more than 20 percentage points per year. Mandel’s market beta seems quite high though. According to a Valley News article, Mandel didn’t offer much downside protection in 2008:

The value of Dartmouth’s stakes in four Lone Pine funds plummeted during the disastrous 2008-09 fiscal year, according to information reviewed by the Valley News. The biggest holding, in Lone Sierra, fell 25.8 percent, to $55 million, while Lone Dragon Pine fell 28.5 percent, to $6.5 million. The value of its Lone Pinon holding was down 18.2 percent, to $17.8 million, while its Lone Cedar stake fell 19.8 percent, to $30.9 million. During that same 12-month period, the S&P 500 index of stock prices fell 28.2 percent.

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Stephen Mandel
Fund Profile
Filling Period:
Fund Name: Lone Pine Capital
Manager Stephen Mandel
Portfolio Value $26,726,898,000
Change This QTR +1.01%
Fund Holdings Sector Distribution
Filling Period:
Sort by:
No. Security Ticker Shares Value (x$1000) Activity % Port
1. FXE 20,000,000 $2,189,200 8.19%
2. JD 41,890,558 $1,428,468 +9% 5.34%
3. PCLN 1,191,794 $1,372,196 -11% 5.13%
4. ILMN 5,678,537 $1,239,965 +97% 4.63%
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