The portfolio of the fund almost exclusively includes technology stocks, and thus it has some remarkable characteristics. The firm has offices in London, New York City, and San Francisco. 22/12/2020. Lone Pine Capital has provided its services to pooled investment vehicles, pension and profit sharing plans. The main segments of the company have a total addressable market of $128 billion. It doubled its stake in 2018 and raised it by another ~11% in the most recent quarter. Would you like to be notified? Thanks to the favorable trends in its business, it is likely to keep growing its bottom line at a double-digit rate in the upcoming years. * Investors with a full data subscription can access data for any fund. Portfolio. PayPal is in a reliable long-term growth trajectory thanks to the secular growth of digital payments. See how we calculate 13F filing performance here. Since then, the stock has rallied approximately 7-fold so it has outperformed the market by a wide margin. Search. FormWhispers.com - Trading Ideas from Insiders. The company trimmed its position by around 7% during the quarter, possibly to book some gains out of its massive gains. In addition, it has ample room for sustained long-term growth thanks to the increasing preference of consumers to execute payments with their mobile phone. It was established in 1997 by its president and managing director Stephen Mandel. Shopify is the second-largest holding of Lone Pine Capital, comprising 6.9% of the value of its portfolio. In other words, the market has already priced the growth of many years in the stock and thus the latter will have material downside risk whenever it faces an unforeseen headwind. Pine Labs announces new investment from Lone Pine Capital With this investment, Pine Labs is now valued at over USD $2 billion. Lone Pine Capital will file the next quarterly 13-HR in about 2 months. Please visit our Tracking Stephen Mandel's Lone Pine Capital Portfolio article for an idea on his investment philosophy and our previous update for the fund's moves during Q1 2020. TopFunds. Javascript is disabled or is not supported by your browser. Recently FTC and a coalition of states announced filing lawsuits against Facebook (NASDAQ:FB) charging the company with an illegal monopoly. See David Francis Craver's compensation, career history, education, & memberships. http://www.sec.gov/Archives/edgar/data/1061165/00…, Track 13F-HR Filings for Hedge Funds and Value Investors. New Delhi, Dec 21: Merchant commerce platform Pine Labs on Monday said it has raised a fresh round of funding from Lone Pine Capital, valuing it at over USD 2 billion (about Rs 14,700 crore). Lone Pine Capital's flagship hedge fund outperformed the S&P 500 Index by nearly 8 percentage points per year since its inception in 1998. This stake was initiated about three years ago, at prices between $957 and $1,176. PayPal has been negatively affected by the pandemic, which has caused a collapse in the number of travelers around the world and thus in the payments of this segment. Lone Pine announced that Mandel officially stepped down as portfolio manager on Jan. 1, 2019. We thus view its forward price-to-earnings ratio of 21.0 as exceptionally attractive and expect the stock to continue to highly reward its shareholders. Disclaimers: stockzoa.com is not operated by a broker, a dealer, or a registered investment adviser. Lone Pine Capital: Steve Mandel: 10.28%: $23204860000: 32: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. However, the tech giant has essentially tripled since the initiation of the stake and thus it has highly rewarded the shareholders of Loan Pine Capital. On the other hand, investors looking to tap into Lone Pine Capital’s holdings should be wary of the fund’s lack of diversification and the tech sector’s sky-high valuations. Stocks. The top three positions are Shopify, Facebook, and Microsoft. Lone Pine Capital is well-known for its exceptional returns thanks to the expertise of Stephen Mandel. This data is downloadable for data subscribers. The information on this site is not intended to be, nor does it constitute, investment advice or recommendations. Portfolio value: $23,204,860,000. Warning! As Adobe offers a vast range of products, it enjoys a dominant position in its business, with a wide moat versus its competitors. The top 5 holdings of the stock portfolio comprise 31.8% of its total value. Although this is a relatively new stake, the stock has more than tripled since the initiation of the stake, now standing at $1067. By clicking the button below, your credit card will be charged $24 and you'll have access to all Lone Pine Capital LLC data for 90 days. Tweet. 4 weeks Tracking Stephen Mandel’s Lone Pine Capital Portfolio – Q3 2020 Update Seeking Alpha . We are funded by the employees of Lone Pine Capital LLC. Lone Pine Capital has made 22 investments. Lone Pine Capital initiated a stake in United Health three years ago, at prices between $164 and $200. To provide a perspective, the stock is currently trading at 40 times its expected earnings in 2025. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The stake was initiated in 2017 at prices between $65 and $72 and the stock has essentially tripled since then. Lone Pine Capital initiated a stake in Adobe in 2014, at prices between $60 and $73. Whalewisdom has at least 70 13F filings, and 317 13G filings Their last reported 13F filing for Q3 2020 included $23,204,860,000 in managed 13F securities and a top 10 holdings concentration of 53.75%. Lone Pine Capital was a net buyer of stock by $1.4B. Amazon has grown its revenues and its earnings per share nearly 10-fold over the last decade. Lone Pine Capital is an American-based hedge fund headquartered in Greenwich, Connecticut. Netflix is Lone Pine’s 7th largest holding, as the fund increased its stake in the company by 40% quarter-over-quarter. Lone Pine Capital has $23B in assets under management (AUM), dropping by 17.24%. Stephen Mandel’s 13F portfolio value increased ~17% from $19.79B to $23.20B. The stock is trading at nearly 40 times its forward sales, making Coupa one of the most expensive stocks in the market. This means that Adobe has promising growth potential ahead. Steve Mandel’s Lone Pine Capital has not only been busy in only long positions today, but is also raising its short book in a very unusual place, Japan.Lone Pine has a 0.3% short in YAMADA DENKI CO., LTD. (TYO:9831) which is an electronics manufacturer that mainly includes home appliances. The stake was initiated in 2017 at prices between $65 and $72 and the stock has essentially tripled since then. Top 50 Lone Pine Capital Holdings . Lone Pine Capital is an American-based hedge fund headquartered in Greenwich, Connecticut, established in 1997 by its president and portfolio manager, Stephen Mandel. Investors following the company’s 13F filings over the last 3 years (from mid-November 2017 through mid-November 2020) would have generated annualized total returns of 29%. All full time employees serve as equal voting members on our Advisory Board. PayPal is the seventh-largest holding of Lone Pine Capital, comprising 5.0% of the value of its portfolio. FormWhispers - Trading Ideas from Insiders LONE PINE CAPITAL LLC 2020Q3 Portfolio Holdings. On the other hand, Lone Pine Capital has reduced its stake in Adobe by about two-thirds in the last two years. Buys. The streaming giant continues to expand, with its most recent quarter posting all-time high levels in both its top and bottom line, at $6.44 billion and $789 million respectively. Holdings. As there are 5.3 billion mobile accounts in the world, the growth potential is immense. Mandel’s firm picked up 6.06 million shares of Luckin Coffee, allocating 1.27% of the … The number of positions increased from 29 to 32. New Delhi, Dec 21 (PTI) Merchant commerce platform Pine Labs on Monday said it has raised a fresh round of funding from Lone Pine Capital, valuing it … The pandemic has caused this long-term trend to accelerate at an enormous pace. Luckin Coffee. Coupa software & Global Payments (COUP) (GPN): Coupa software & Global Payments are two new stocks that ascended towards the company’s top holdings, as Lone Pine increased its position by 103% and 33%, respectively. Pine Labs did not disclose the amount of funding raised. of stocks: 32. While the pandemic is likely to subside from next year, the consumers who have recently shifted from conventional to online purchases are likely to adopt online shopping for the long run thanks to its advantages. Lone Pine Capital has achieved impressive annualized returns over the past few years, outperforming the S&P 500 by a wide margin. Latest statistics and disclosures from Lone Pine Capital's latest quarterly 13F-HR filing: Positions held by Lone Pine Capital LLC consolidated in one spreadsheet with up to 7 years of data, Companies in the Lone Pine Capital portfolio as of the September 2020 quarterly 13F filing. Their most recent investment was on Nov 23, 2020, when Torchy's Tacos raised $400M. Merchant commerce platform Pine Labs on Monday said it has raised a fresh round of funding from Lone Pine Capital, valuing it at over USD 2 billion (about Rs … PayPal. Adobe offers tools and solutions that enable companies to go through digital transformation and thus enhance their sales in the highly competitive business landscape that prevails nowadays. Amazon is the ninth largest holding of the portfolio of Loan Pine Capital, comprising 4.6% of its total value. Period: Q3 2020. Lone Pine has been accumulating stock around $160/share, which means that the company has profited quite nicely at its current price of $193, considering it initiated its first position as recently as last year. Their most recent diversity investment was on Jun 16, 2020, when Outreach raised $50M. Lone Pine Capital added DocuSign and Square while reducing Booking Holdings and dropping Salesforce.com. As this amount is only 6.0% of the market cap of the stock, it is essentially negligible and confirms the strength of the business model of Amazon. Having previously exited a position in PayPal in the first quarter of 2019, the firm entered a … Activity. As a result, Shopify saw its revenues double in the second quarter over last year. As a result, the stock will have material downside risk whenever it faces an unforeseen headwind. We are a private Foundation supporting organizations that fight poverty through education while cultivating a spirit of philanthropy at Lone Pine Capital LLC. Lone Pine Capital has made 4 diversity investments. Sells. SEC 13F filings are viewable for Lone Pine Capital going back to 2004. In terms of its valuation the stock is currently trading at around 80 times its underlying net income. Lone Pine Capital is based out of Greenwich and is managed by Stephen Mandel. Lone Pine Capital’s top 10 holdings comprise 53.72% of its total portfolio and consist of the following equities: Lone Pine Capital initiated a stake in Facebook in 2014, at prices between $66 and $79. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. Updated on December 11th, 2020 by Nikos Sismanis. On the other hand, as its stock has rallied 6-fold over the last five years, it is now trading at an excessive forward price-to-earnings ratio of 59.0. Lone Pine Capital, the hedge fund founded by Steve Mandel (Trades, Portfolio), disclosed 12 new holdings when it released its fourth-quarter 2019 portfolio last week.. Lone Pine Capital has had 4 … United Health benefits from the same trend as Humana, namely the growing market of Medicare Advantage. Stephen Frank Mandel is Mng Dir/Portfolio Mgr/Founder at Lone Pine Capital LLC. FormWhispers - Trading Ideas from Insiders LONE PINE CAPITAL LLC 2020Q3 Portfolio Holdings. Shares are also trading at an attractive P/E ratio of around 33, which is quite reasonably for a snowballing tech behemoth. Founded in 1997, Lone Pine Capital is a Connecticut-based investment firm which picks up strategic stakes in companies across multiple sectors through equity deals. This helps explain the 100%+ rally of the stock of Amazon this year. In its latest quarter, the company achieved record revenues and profits of $5.46 and $1.02 billion, respectively. Shopify has grown its monthly recurring revenue at a 46% average annual rate over the last five years. * To download the data without a subscription, you can purchase 90-day access to a single fund (Lone Pine Capital LLC) for $24. The company processed a record of $246 billion of digital payments as of Q3-2020. Stephen Mandel - Lone Pine Capital. Amazon benefits from a strong secular trend, namely the increasing preference of consumers to shop online instead of visiting a store. It has grown its earnings every single year in the last decade and thus it has more than quadrupled its earnings per share over this period. The company obviously benefits from a secular trend, which has decades ahead to run, namely the shift of consumers from brick-and-mortar purchases to online purchases. Coupa has been growing its revenues higher by the quarter, currently showcasing a $520 million run-rate based on its latest $132 million in sales during Q3. For comparison, the S&P 500 ETF (SPY) generated annualized total returns of 12.2% over the same time period. Facebook is currently enjoying excellent financials, with a net cash position of $55.6 billion of cash (7% of the market capitalization of the stock). It is thus evident that the hedge fund considers the stock almost fully valued around its current price. They also increased Coupa Software. Moreover, even though half of the globe uses at least one of the apps of Facebook on a monthly basis, its user base is still growing at double-digit rates. Amazon has net debt of $96.8 billion. Founded in 1997, Lone Pine Capital LLC (“LPC”) is an investment adviser that employs long/short and long-only strategies to invest in equities and equity-related securities based on bottom-up, fundamental analysis. Lone Pine Capital 13F annual report Lone Pine Capital is an investment fund managing more than $19.5 billion ran by Kerry Tyler. The outstanding performance has resulted from the management’s competency in identifying and investing in companies in the high-growth tech sector. On the other hand, the market has already priced a great portion of future growth in the stock price. LPC invests globally across a variety of industries. TopFunds. Only 10 out of the 28 stocks included in the portfolio pay a dividend while the average forward price-to-earnings ratio is extremely high, standing around 90.0 (excluding the non-meaningful earnings multiple of some stocks). (This story is for CNBC Pro subscribers only.). Lone Pine Capital invests only in companies with huge growth potential and a wide moat in their business. The diversified portfolio of tech products and services of Microsoft has been ruling the sector’s digital infrastructure. No. Facebook is one of the extremely few companies that have no debt. New Delhi, Dec 21 : Merchant commerce platform Pine Labs on Monday announced it has raised a fresh round of funding from Lone Pine Capital, taking its valuation at over $2 billion. The stock is currently trading at $305. David Francis Craver is Mng Dir/Co-Portfolio Manager at Lone Pine Capital LLC. Some investors might be disappointed that Mandel, who is an expert in tech stocks, purchased Amazon so late. Lone Pine Capital's investment follows a strategic investment made by Mastercard in January 2020, when fintech startup Pine Labs attained unicorn status. The stake was initiated less than a year ago, in late 2019, at prices between $97 and $110, but the stock has nearly doubled within this short period. The number of positions increased from 29 to 32. Microsoft is the fourth-largest holding of Lone Pine Capital, comprising 6.1% of the value of its portfolio. As conventional stores cannot match the prices of the online giant, the latter has a wide moat, particularly given the economies of scale it enjoys. While this may be a seemingly expensive multiple, Netflix’s profitably has been rapidly scaling amid margins’ expansion due to gradually achieving higher economies of scale. Lone Pine Capital has met the qualifications for inclusion in our WhaleScore system . See how we calculate 13F filing performance here. There are currently 28 companies in Mrs. Tyler’s portfolio. You can download an Excel spreadsheet with metrics that matter of Lone Pine Capital’s current 13F equity holdings below: Click Here to instantly download your Lone Pine Capital 13F stock holdings and performance spreadsheet now. The company’s CEO Satya Nadella has been marvelously transforming the company into a cloud powerhouse. charging the company with an illegal monopoly. The largest investments include Shopify and PayPal, together worth $2.87 billion. As a result, while the company was considered mature until a few years ago, it has managed to accelerate its growth and post all-time high earnings in the last two years. This article will discuss Lone Pine Capital’s investment strategy and portfolio holdings. That was the steepest revenue growth recorded in more than five years. However even If the company was to be broken in two different entities, this would unlock additional value for shareholders, amid Instagram’s potential valuation expansion. Lone Pine Capital continued to build out its portfolio concentrated in e-commerce and technology bets in the third quarter. Shopify provides a cloud-based commerce platform, which enables merchants to adapt to the e-commerce era. Despite its solid performance and expanding margins, recent slowdown concerns have halted the stock’s prolonged rally. Past performance is a poor indicator of future performance. Merchant commerce platform Pine Labs today announced it has raised a fresh round of funding from Lone Pine Capital. It is thus evident that Lone Pine Capital has high conviction in its major holdings. This is a testament to the strength of its business model and its perfect execution. Lone Pine Capital Holdings Heatmap . The diversified portfolio of tech products and services of Microsoft has been ruling the sector’s digital infrastructure. Portfolio date: 30 Sep 2020. Microsoft is the fourth-largest holding of Lone Pine Capital, comprising 6.1% of the value of its portfolio. Note:  13F filing performance is different than fund performance. Search. The stock has quadrupled since the initial purchase and is now hovering around an all-time high, thus vindicating the conviction of the hedge fund. Access StockReports+. Portfolio Holdings for Lone Pine Capital. See Stephen Frank Mandel's compensation, career history, education, & memberships. Lone Pine has been accumulating stock with an average price of $336 having greatly benefited of unrealized gains now that shares trade around $500. Lone Pine Capital In 2012, we entered into a long-term strategic partnership with Lone Pine Capital, a global alternative investment manager specializing in long/short equity products, and acquired a meaningful long-term minority interest in the business. Stephen Mandel’s 13F portfolio value increased ~17% from $19.79B to $23.20B. Companies in the Lone Pine Capital portfolio … While the company remains highly unprofitable, investors appreciate its massive growth, currently trading shares near all-time highs. Furthermore, as its rival social media company Tik Tok is recently facing scrutiny in the U.S., with talks of the app becoming banned across the nation, Facebook’s monopolistic nature is looking more attractive than ever. With this investment, Pine Labs is now valued at over USD $2 billion. Please. Due to these purchases as well as other tech stock stake increases over the quarter, the fund’s Information Technology exposure has skyrocketed to nearly 40%. Hence, unlike Coupa, shares are trading at around 30 times their next year’s expected net income. As a result, the tremendous earnings growth of these stocks has more than offset their initial rich valuation. Investment company Lone Pine Capital (Current Portfolio) buys DocuSign Inc, Square Inc, Match Group Inc, Coupa Software Inc, Atlassian Corporation PLC, sells Booking Holdings Inc, Salesforce.com Inc, Visa Inc, Ceridian HCM Holding Inc, TransDigm Group Inc during the 3-months ended 2020Q3, according to the most recent filings of the investment company, Lone Pine Capital. Even better, the secular shift from brick-and-mortar retail to online sales has accelerated this year thanks to the pandemic. The stake was initiated last year, at prices between $195 and $328. On the one hand, it is impressive that a stock with a market capitalization of $1.6 trillion, the second-largest in the stock market, still has strong growth momentum. Global Payments, on the other hand, is quite a mature company, with a consistently profitable track record. In no event shall stockzoa.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content available on stockzoa.com, or relating to the use of, or inability to use, stockzoa.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Even better, thanks to the immense growth potential of its business, it is likely to keep growing its revenues and its earnings at a breathtaking pace for several more years. Frank Mandel 's compensation, career history, education, & memberships between $ 195 and 73. 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