Below are the top 5 stock picks of billionaire Stephen Mandel’s Lone Pine Capital. For a comprehensive list see Billionaire Stephen Mandel’s Lone Pine Is Embracing The Tech Revolution.
5. Coupa Software Incorporated (NASDAQ: COUP)
Coupa Software Incorporated has helped Lone Pine Capital to beat the broader market index in 2020. Shares of Coupa Software rallied 12.56% in the last three months and the stock price is up more than 100% in the last twelve months.
Billionaire Stephen Mandel’s hedge fund first initiated a position in Coupa Software during the second quarter of 2019 and the firm has increased its position by 103% in the September quarter. It is the fifth-largest stock holding of Lone Pine, accounting for 5.12% of the overall portfolio.
The company has generated revenue growth of 30.6% year over year in the September quarter, with the expectation that fourth-quarter revenues will stand in the range of $146M.