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.

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Stephen Mandel
Fund Profile
Filing Period:
Fund Name: Lone Pine Capital
Manager Stephen Mandel
Portfolio Value $16,809,736,000
Change This QTR +0.69%
Fund Holdings Sector Distribution
Filing Period:
Last update:
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%
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