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 | $16,809,736,000 |
Change This QTR | +0.69% |
No. | Security | Ticker | Shares | Value (x$1000) | Activity | % Port | History |
---|---|---|---|---|---|---|---|
1. | MSFT | 4,997,089 | $1,540,653 | +7% | 9.16% | ||
2. | AMZN | 445,798 | $1,453,279 | -28% | 8.64% | ||
3. | WDAY | 5,122,512 | $1,226,637 | -12% | 7.29% | ||
4. | NOW | 1,979,148 | $1,102,168 | -2% | 6.55% | ||
5. | Bath & Body Works Inc | 22,221,713 | $1,062,198 | -9% | 6.31% |
Symbol | Company | Filed By | Filing Date | Filing |
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2022-02-14 | ||||
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2022-02-14 |