Lone Pine Capital: Interview, Performance, AUM, and Holdings

4. FleetCor Technologies, Inc. (NYSE:FLT)

FleetCor Technologies, Inc. (NYSE:FLT) saw Mandel’s fund boost its holding by 45% to 6.55 million shares during the second quarter; the stake was valued at $945.37 million at the end of June. Mandel wasn’t the only Tiger Cub to become more bullish on the provider of commercial payment solutions. Chase Coleman’s Tiger Global added 879,049 shares to its position, having increased it to 2.28 million shares. Over the last year, FleetCor Technologies, Inc. (NYSE:FLT)’s shares have slid by more than 14%. Earlier this year, renown short-seller Citron Research, issued several reports targeting FleetCor Technologies, in which it called it “a predatory company” that is ripping off customers, and claimed that FleetCor had “developed a deep learning algorithm to intentionally cheat its customers with ‘junk’ fees.” In the meantime, FleetCor Technologies managed to top the consensus EPS and revenue estimates in the last two quarters.