Lone Pine Capital Portfolio - Stockpickr! Your Source for Stock Ideas

Lone Pine Capital

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TheStreet.com Rating: C

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Date updated:03-09-2008

New positions: SD, MA, INFY, FIS, WNS, PROJ, PMC

Lone Pine Capital was started in 1997 by Steven Mandel, formerly a managing director and analyst at Tiger Management for a period of 7 years. According to the December 4, 2006 issue of Barron's, Mandel now manages $8 Billion and has returned over 25% annually since his fund’s inception.

Mandel made an appearance in Institutional Investor as one of the top paid hedge fund managers of 2005. From his description:
Googling the name of Stephen Mandel Jr., the low-key president and founder of Greenwich, Connecticut–based Lone Pine Capital, returns a paltry 166 hits. Buying Google shares, however, has generated huge returns for many hedge fund managers, including Mandel. In 2005 the former Tiger Management Corp. retailing and consumer stock analyst made at least $500 million on his investment in the Mountain View, California–based search engine giant, his second-largest holding at year-end. That helped the 50-year-old long-short equity manager, who founded Lone Pine in 1997, break into the top ten hedge fund moneymakers.

Mandel is arguably the most successful of the Tiger cubs who left legendary founder Julian Robertson Jr. to start their own funds. Last year his funds, which he names after trees, continued to rack up impressive returns. Lone Cypress was up 32 percent before fees, and Lone Kari surged 34 percent before fees. Mandel’s new long-only fund, Lone Cascade, was up 27 percent.

Neither a growth nor a value investor, Mandel looks for good companies run by good people, with stock valuations below what he deems to be their intrinsic value. This search has taken him to high-fliers like Google as well as to homebuilders and foreign banks. Almost half of his assets are invested in non-U.S. stocks. Mandel has 12 investment professionals searching for ideas globally in seven broad industry groups — consumer, financial, health care, tele- communications and media, technology, business services and industrials."

As of 12-31-07 filing

AMX
America Movil
$38.05
0.00%
$38.31

No Analysis added

People owning AMX also tend to own: AMAT AMT BIDU FMCN KRY RACK STP

TheStreet.com Rating: B- What is this?

QCOM
Qualcomm Incorpor
$43.91
-1.10%
$43.97

No Analysis added

People owning QCOM also tend to own: AA AAPL ADBE BAM DVY GE HON

TheStreet.com Rating: C+ What is this?

GOOG
Google Inc.
$428.40
+0.43%
$426.74

No Analysis added

People owning GOOG also tend to own: AAPL AMD CSCO DELL IBM INTC MSFT

TheStreet.com Rating: B- What is this?

SWN
Southwestern Ener
$44.66
0.00%
$45.17

No Analysis added

People owning SWN also tend to own: BZH GSF MCF VLO WHT CSCO DVN

TheStreet.com Rating: C What is this?

BAM
Brookfield Asset
$18.73
0.00%
$17.74

No Analysis added

People owning BAM also tend to own: ATHR MRVC STXN AA AAPL ADBE DVY

TheStreet.com Rating: C What is this?

SLB
Schlumberger Ltd.
$59.18
+0.02%
$58.81

No Analysis added

People owning SLB also tend to own: AXA FDX NOK NUE RTP TM AAPL

TheStreet.com Rating: C What is this?

PCLN
Priceline.com Inc
$115.39
+0.95%
$113.21

No Analysis added

People owning PCLN also tend to own: AAPL ACCP.OB AMAG BCSI EMKR FCSX FTGX

TheStreet.com Rating: B- What is this?

COH
Coach
$27.90
-1.62%
$28.51

No Analysis added

People owning COH also tend to own: AMT ANF AVID CNO COST ESI EXPD

TheStreet.com Rating: D+ What is this?

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