Lone Pine Capital owned by Billionaire Stephen Mandel generated annual returns upto 19.5% since the hedge fund came into being. Lone Pine Capital reported gains during 2020 as it witnessed a downfall during the first quarter. It has been a strategy of the hedge fund to invest in internet stocks and e-commerce. This strategy helped the firm to report good returns during the second quarter and enhanced the similar drive to the second half of the year. The firm deploys long term as well as short term strategies while it selects stocks for investment. Lone Pine does not hold position for a long time. On average it holds top ten positions around 4 quarters. Meanwhile, the average for holding top 20 positions is around 4.20 quarters. During 2019, Stephen decided to quit the role of managing and planning investments for the firm. Since then, he is still the managing director. Stephen Mandel enjoys a strong background of selecting stocks for investment. Keep reading this article till the end and you will get a brief introduction about Top 10 Stock Picks by Billionaire Stephen Mandel as shared by Insider Monkey in one of their Yahoo articles.
One of Lone Pine’s stock picks is Humana Inc. The stock prices of this healthcare provider underperformed during the past 3 months. Stephen Mandel’s Lone Pine Capital reaped benefit from Humana’s stocks during 2020. During the past 12 months, the price of Humana Inc increased by 19% and Lone Pine increased its investment in Humana during the third quarter of the year 2018. Lone Pine sold 10% stake during September, last year but still, Humana accounts for 3.88% of the overall Lone Pine’s portfolio. Another stock pick of Stephen Mandel’s is Amazon.com. Lone Pine sold 26% stakes in Amazon to reap the benefit of the increasing price share of the e-commerce giant. During the last quarter of 2020, the stock price of Amazon did not perform well. During the past 12 months, Amazon’s stock prices increased by 65%. Stephen Mandel managed 337,308 Amazon shares till the end of September 2020, which accounted for 4.58% of the overall Lone Pine’s portfolio. Sources claim that Amazon stocks are a favourite of Stephen Mandel’s Lone Pine Capital. You can read more about Stephen Mandels’ other stock picks at Billionaire Stephen Mandel’s Lone Pine Is Embracing The Tech Revolution.