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.

Show More
Stephen Mandel
Fund Profile
Filling Period:
Fund Holdings Sector Distribution
Fund Name: Lone Pine Capital
Manager Stephen Mandel
Portfolio Value $26,424,351,000
Change This QTR 0.00%
Filling Period:
Sorted by:
No. Security Ticker Shares Value (x$1000) Activity % Port
1. FXE 20,000,000 $2,114,200 8%
2. PCLN 1,329,775 $1,548,058 -5% 5.85%
3. JD 38,527,260 $1,131,931 +337% 4.28%
4. MA 12,973,653 $1,120,794 -36% 4.24%
News, Interviews and Investor Letters
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!