A Look at Stephen Mandel's Apple Moves, Other Stock Holdings
Insider Monkey submits: Stephen Mandel’s Lone Pine Capital has more than 2.7 million Apple (AAPL) shares in its portfolio. AAPL was the largest stock holding in the $11.3 billion portfolio at the end of September. Since then Apple shares gained more than 20%, earning Lone Pine more than $150 million. Steve Mandel has $17 billion in assets under management. His personal wealth is about one tenth of that. Mandel is a Tiger cub, leaving Robertson in 1997 to launch Lone Pine. He’s a “bottom-up” investor with great stock picking skills. He returned about 23% during the past 11 years, beating the S&P 500 index by more than 20 percentage points per year. Mandel’s market beta seems quite high though. According to a Valley News article, Mandel didn’t offer much downside protection in 2008:Complete Story »
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