Hedge Fund - Lone Pine Capital
Get Email AlertsStephen Mandel Bio, Returns, AUM, 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.

Fund Name: | Lone Pine Capital |
Manager | Stephen Mandel |
Portfolio Value | $23,204,860,000 |
Change This QTR | +1.17% |
No. | Security | Ticker | Shares | Value (x$1000) | Activity | % Port |
---|---|---|---|---|---|---|
1. | SHOP | 1,722,548 | $1,762,115 | +3% | 7.59% | |
2. | FB | 5,849,522 | $1,531,990 | +12% | 6.6% | |
3. | MSFT | 6,440,494 | $1,354,629 | +4% | 5.83% | |
4. | UNH | 3,946,431 | $1,230,379 | +31% | 5.3% | |
5. | COUP | 4,329,269 | $1,187,259 | +104% | 5.11% |
Company | Symbol | Filed By | Filing Date | Filing |
---|---|---|---|---|
2019-11-29 | ||||
2019-08-30 | ||||
2019-06-24 | ||||
2019-04-29 |