Stephen Mandel, manager of Lone Pine Capital, has increased his holdings in Mastercard, Priceline, Facebook, Equinix and Autodesk, according to Insider Monkey.
Stephen Mandel is known for focusing on fundamentals of companies rather than macroeconomic factors. Most of his holdings are in the information technology and consumer discretionary sectors. Lone Pine increased its exposure to Mastercard by 32% and it now comprises 7.24% of Lone Pine’s portfolio.
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The fund bought 669, 000 shares of Priceline, which makes up 6.68% of Lone Pine’s portfolio. The fund purchased 4.86 million shares of social media favorite Facebook, which is now the fund’s fifth largest holding and comprises 4.42% of the portfolio. Mandel seems to like Equinix, because he increased his position in the company by 47%. The stock has risen 4.14% so far this year. The largest increase was of Autodesk; Lone Pine increased its position by 229% to 14.46 million shares.
Hopefully, Stephen Mandel will have a better 2015. According to CEOworld.biz, Mandel ranked 24th out of 25 of the richest hedge fund managers based on the amount they took home in 2014. Mandel made just $150 million, while Steve Cohen made $1.3 billion and took the number one spot. Others in the top five were Ray Dalio with $1.2 billion, George Soros with $1.2 billion, Bill Ackman, with $1.1 billion and Ken Griffin with $1.1 billion.
