Lone Pine Capital Acquire Stakes In Schlumberger and Verisign


Lone Pine Capital, the hedge fund managed by Stephen Mandel reported its stock holdings for the third quarter of 2012 with the Securities and Exchanges Commission (SEC). Based on its filing, the hedge fund has 46 stocks under its portfolio with approximately $ 15.487 billion market value, as of September 30, 2012.

Stephen Mandel is one of the Tiger Cubs trained by legendary investor Julian Robertson, founder of Tiger Management.

 During the third quarter, Mandel acquired stakes in the following companies:

  • Schlumberger Limited (NYSE:SLB) – 6,420,645 shares at $72.33 per share
  • Verisign, Inc. (NASDAQ:VRSN) – 9,441,406 shares at $48.69 per share
  • Dunkin Brands Group Inc (NASDAQ:DNKN) – 7,221,207 shares at $29.19
  • J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) – 3,781,720 shares at $52.04 per share
  • TripAdvisor Inc (NASDAQ:TRIP) – 5,747,707 shares at $32.93 per share
  • Dollar Tree, Inc. (NASDAQ:DLTR) – 3,892,021 at $48.29 per share
  • O’Reilly Automotive Inc (NASDAQ:ORLY) – 1,525,361 shares at $83.62 per share
  • Colfax Corp (NYSE:CFX) – 2,171,191 shares at $36.67 per share
  • Charter Communications, Inc (NASDAQ:CHTR) – 327,422 shares at $75.06 per share
  • Grifols SA, Barcelona (NASDAQ:GRFS) – 219,774 shares at $22.83 per share

During the 2012 Invest for Kids Conference, Mandel indicated that Verisign, Inc. (NASDAQ:VRSN) is one of his favorite stocks in its portfolio. The hedge fund manager shared his investing outlook centered on the idea that “technological change makes winners and losers and the Internet is the most disruptive force in the space.”  Last August, Mandel reported in his 13G filing that he acquired 5.5 percent stakes or 8.6 million shares in the company. Verisign, Inc. (NASDAQ:VRSN) is one of the leading internet infrastructure providers. The company provides registry services for .com, .net, .edu, .gov, and many other domain names. Last October 26, the stock value of the company dropped by 15 percent.  John Griffin is also a major shareholder in the company. Griffin is also a Tiger Cub.

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Lone Pine Capital increased its holdings in the following companies:

  • Priceline.com Inc (NASDAQ:PCL) – 1,416,458 shares at $619.07 per share
  • Cognizant Technology Solutions Corp (NASDAQ:CTSH) – 10,591,794 at $69.89 per share
  • Dollar General Corp. (NYSE:DG) – 8,281,898 shares at $51.54 per share
  • Lululemon Athletica Inc. (LULU) – 4,769,386 at $73.94 per share
  • News Corp (NASDAQ:NWSA) – 14,042,265 at $24.51 per share
  • B/E Aerospace Inc (NASDAQ:BEAV) – 4,960.406 shares at $42.11 per share
  • Sensata Technologies Holding N.V. (NYSE:ST) – 2,872, 204 shares at $29.77 per share

The hedge fund reduced its stakes in the following technology companies:

  • Google Inc (NASDAQ:GOOG)- 1,068,269 shares at $754.50 per share
  • QUALCOMM, Inc.(NASDAQ:QCOM)- 6,867,637 shares at $62.47 per share
  • eBay Inc (NASDAQ:EBAY)- 12,560 725 shares at $48.37 per share
  • Equinix Inc (NASDAQ:EQIX)- 2,085,019 shares at $206.05 per share