Hedge Fund - Lone Pine Capital

Stephen 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.

Show More
Stephen Mandel
Fund Profile
Filing Period:
Fund Name: Lone Pine Capital
Manager Stephen Mandel
Portfolio Value $10,372,457,703
Change This QTR +0.95%
Fund Holdings Sector Distribution
Filing Period:
Last update:
No. Security Ticker Shares Value Activity % Port History
1. META 2,779,103 $834,314,512 NEW 8.04%
2. AMZN 5,464,789 $694,683,978 +12% 6.69%
3. MA 1,746,342 $691,394,261 +49% 6.66%
4. TSM 7,800,152 $677,833,209 +22% 6.53%
5. MSFT 1,811,809 $572,078,692 -28% 5.51%
News, Interviews and Investor Letters