Published on 17 Jan 2022 on Insider Monkey via Yahoo Finance
In this article, we discuss 8 new stock picks of billionaire Stephen Mandel. If you want to skip our detailed analysis of these stocks, go directly to Billionaire Stephen Mandel's Portfolio: 3 New Stock Picks.
Lone Pine Capital was founded by billionaire Stephen Mandel in 1997, who served as the hedge fund's president and portfolio manager till January 2019. Although Mandel does not actively manage Lone Pine Capital’s investments, he is still the managing director of the Connecticut-based hedge fund.
The hedge fund invests primarily in the information technology, healthcare, finance, consumer discretionary, and communications sectors, with a top ten holdings concentration of 48.79%. Lone Pine Capital purchased 6 new stocks in the third quarter, bought additional stakes in 10 securities, sold out of 3 equities, and reduced holdings in 17 companies.