The company obviously benefits from a secular trend, which has decades ahead to run, namely the shift of consumers from brick-and-mortar purchases to online purchases. The main segments of the company have a total addressable market of $128 billion. Lone Pine Capital has made 22 investments. Period: Q3 2020. Lone Pine Capital initiated a stake in Adobe in 2014, at prices between $60 and $73. of stocks: 32. Lone Pine Capital In 2012, we entered into a long-term strategic partnership with Lone Pine Capital, a global alternative investment manager specializing in long/short equity products, and acquired a meaningful long-term minority interest in the business. Global Payments, on the other hand, is quite a mature company, with a consistently profitable track record. This is a testament to the strength of its business model and its perfect execution. There are currently 28 companies in Mrs. Tyler’s portfolio. Portfolio Holdings for Lone Pine Capital. Investors following the company’s 13F filings over the last 3 years (from mid-November 2017 through mid-November 2020) would have generated annualized total returns of 29%. Javascript is disabled or is not supported by your browser. This helps explain the 100%+ rally of the stock of Amazon this year. On the other hand, as its stock has rallied 6-fold over the last five years, it is now trading at an excessive forward price-to-earnings ratio of 59.0. Shopify provides a cloud-based commerce platform, which enables merchants to adapt to the e-commerce era. 4 weeks Tracking Stephen Mandel’s Lone Pine Capital Portfolio – Q3 2020 Update Seeking Alpha . Stephen Frank Mandel is Mng Dir/Portfolio Mgr/Founder at Lone Pine Capital LLC. Founded in 1997, Lone Pine Capital LLC (“LPC”) is an investment adviser that employs long/short and long-only strategies to invest in equities and equity-related securities based on bottom-up, fundamental analysis. Amazon has net debt of $96.8 billion. The firm has offices in London, New York City, and San Francisco. Search. Disclaimers: stockzoa.com is not operated by a broker, a dealer, or a registered investment adviser. It has grown its earnings every single year in the last decade and thus it has more than quadrupled its earnings per share over this period. Lone Pine Capital has $23B in assets under management (AUM), dropping by 17.24%. Lone Pine Capital, the hedge fund founded by Steve Mandel (Trades, Portfolio), disclosed 12 new holdings when it released its fourth-quarter 2019 portfolio last week.. Lone Pine Capital will file the next quarterly 13-HR in about 2 months. Shares are also trading at an attractive P/E ratio of around 33, which is quite reasonably for a snowballing tech behemoth. It is thus evident that Lone Pine Capital has high conviction in its major holdings. It was established in 1997 by its president and managing director Stephen Mandel. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. Lone Pine Capital has made 4 diversity investments. It doubled its stake in 2018 and raised it by another ~11% in the most recent quarter. We are a private Foundation supporting organizations that fight poverty through education while cultivating a spirit of philanthropy at Lone Pine Capital LLC. Access StockReports+. On the other hand, investors looking to tap into Lone Pine Capital’s holdings should be wary of the fund’s lack of diversification and the tech sector’s sky-high valuations. Lone Pine Capital's investment follows a strategic investment made by Mastercard in January 2020, when fintech startup Pine Labs attained unicorn status. As a result, while the company was considered mature until a few years ago, it has managed to accelerate its growth and post all-time high earnings in the last two years. The stock is trading at nearly 40 times its forward sales, making Coupa one of the most expensive stocks in the market. Tweet. In its latest quarter, the company achieved record revenues and profits of $5.46 and $1.02 billion, respectively. Adobe offers tools and solutions that enable companies to go through digital transformation and thus enhance their sales in the highly competitive business landscape that prevails nowadays. Would you like to be notified? The stock has quadrupled since the initial purchase and is now hovering around an all-time high, thus vindicating the conviction of the hedge fund. New Delhi, Dec 21 (PTI) Merchant commerce platform Pine Labs on Monday said it has raised a fresh round of funding from Lone Pine Capital, valuing it … However, the tech giant has essentially tripled since the initiation of the stake and thus it has highly rewarded the shareholders of Loan Pine Capital. Lone Pine Capital is based out of Greenwich and is managed by Stephen Mandel. Lone Pine Capital initiated a stake in United Health three years ago, at prices between $164 and $200. However even If the company was to be broken in two different entities, this would unlock additional value for shareholders, amid Instagram’s potential valuation expansion. As conventional stores cannot match the prices of the online giant, the latter has a wide moat, particularly given the economies of scale it enjoys. No. Lone Pine Capital is well-known for its exceptional returns thanks to the expertise of Stephen Mandel. Lone Pine Capital Holdings Heatmap . Pine Labs did not disclose the amount of funding raised. Lone Pine Capital added DocuSign and Square while reducing Booking Holdings and dropping Salesforce.com. The number of positions increased from 29 to 32. Since then, the stock has rallied approximately 7-fold so it has outperformed the market by a wide margin. Sells. The company processed a record of $246 billion of digital payments as of Q3-2020. The company’s CEO Satya Nadella has been marvelously transforming the company into a cloud powerhouse. http://www.sec.gov/Archives/edgar/data/1061165/00…, Track 13F-HR Filings for Hedge Funds and Value Investors. Lone Pine has been accumulating stock around $160/share, which means that the company has profited quite nicely at its current price of $193, considering it initiated its first position as recently as last year. Shopify is the second-largest holding of Lone Pine Capital, comprising 6.9% of the value of its portfolio. Past performance is a poor indicator of future performance. Lone Pine Capital's flagship hedge fund outperformed the S&P 500 Index by nearly 8 percentage points per year since its inception in 1998. United Health benefits from the same trend as Humana, namely the growing market of Medicare Advantage. While the pandemic is likely to subside from next year, the consumers who have recently shifted from conventional to online purchases are likely to adopt online shopping for the long run thanks to its advantages. Top 50 Lone Pine Capital Holdings . PayPal has been negatively affected by the pandemic, which has caused a collapse in the number of travelers around the world and thus in the payments of this segment. Microsoft is the fourth-largest holding of Lone Pine Capital, comprising 6.1% of the value of its portfolio. The pandemic has caused this long-term trend to accelerate at an enormous pace. New Delhi, Dec 21: Merchant commerce platform Pine Labs on Monday said it has raised a fresh round of funding from Lone Pine Capital, valuing it at over USD 2 billion (about Rs 14,700 crore). You can download an Excel spreadsheet with metrics that matter of Lone Pine Capital’s current 13F equity holdings below: Click Here to instantly download your Lone Pine Capital 13F stock holdings and performance spreadsheet now. FormWhispers - Trading Ideas from Insiders LONE PINE CAPITAL LLC 2020Q3 Portfolio Holdings. While the company remains highly unprofitable, investors appreciate its massive growth, currently trading shares near all-time highs. Having previously exited a position in PayPal in the first quarter of 2019, the firm entered a … LPC invests globally across a variety of industries. Lone Pine Capital has met the qualifications for inclusion in our WhaleScore system . Please visit our Tracking Stephen Mandel's Lone Pine Capital Portfolio article for an idea on his investment philosophy and our previous update for the fund's moves during Q1 2020. As there are 5.3 billion mobile accounts in the world, the growth potential is immense. Hence, unlike Coupa, shares are trading at around 30 times their next year’s expected net income. See Stephen Frank Mandel's compensation, career history, education, & memberships. The diversified portfolio of tech products and services of Microsoft has been ruling the sector’s digital infrastructure. Whalewisdom has at least 70 13F filings, and 317 13G filings Their last reported 13F filing for Q3 2020 included $23,204,860,000 in managed 13F securities and a top 10 holdings concentration of 53.75%. As a result, the tremendous earnings growth of these stocks has more than offset their initial rich valuation. New Delhi, Dec 21 : Merchant commerce platform Pine Labs on Monday announced it has raised a fresh round of funding from Lone Pine Capital, taking its valuation at over $2 billion. The stock is currently trading at $305. Buys. Lone Pine Capital has provided its services to pooled investment vehicles, pension and profit sharing plans. Some investors might be disappointed that Mandel, who is an expert in tech stocks, purchased Amazon so late. All full time employees serve as equal voting members on our Advisory Board. We are funded by the employees of Lone Pine Capital LLC. Lone Pine Capital has had 4 … The stake was initiated last year, at prices between $195 and $328. See how we calculate 13F filing performance here. TopFunds. Mandel’s firm picked up 6.06 million shares of Luckin Coffee, allocating 1.27% of the … As a result, Shopify saw its revenues double in the second quarter over last year. Their most recent diversity investment was on Jun 16, 2020, when Outreach raised $50M. Their most recent investment was on Nov 23, 2020, when Torchy's Tacos raised $400M. Amazon benefits from a strong secular trend, namely the increasing preference of consumers to shop online instead of visiting a store. We thus view its forward price-to-earnings ratio of 21.0 as exceptionally attractive and expect the stock to continue to highly reward its shareholders. The stake was initiated less than a year ago, in late 2019, at prices between $97 and $110, but the stock has nearly doubled within this short period. Microsoft is the fourth-largest holding of Lone Pine Capital, comprising 6.1% of the value of its portfolio. Lone Pine Capital 13F annual report Lone Pine Capital is an investment fund managing more than $19.5 billion ran by Kerry Tyler. The number of positions increased from 29 to 32. See how we calculate 13F filing performance here. The diversified portfolio of tech products and services of Microsoft has been ruling the sector’s digital infrastructure. * Investors with a full data subscription can access data for any fund. 22/12/2020. Updated on December 11th, 2020 by Nikos Sismanis. Latest statistics and disclosures from Lone Pine Capital's latest quarterly 13F-HR filing: Positions held by Lone Pine Capital LLC consolidated in one spreadsheet with up to 7 years of data, Companies in the Lone Pine Capital portfolio as of the September 2020 quarterly 13F filing. This data is downloadable for data subscribers. Lone Pine has been accumulating stock with an average price of $336 having greatly benefited of unrealized gains now that shares trade around $500. Facebook is one of the extremely few companies that have no debt. Investment company Lone Pine Capital (Current Portfolio) buys DocuSign Inc, Square Inc, Match Group Inc, Coupa Software Inc, Atlassian Corporation PLC, sells Booking Holdings Inc, Salesforce.com Inc, Visa Inc, Ceridian HCM Holding Inc, TransDigm Group Inc during the 3-months ended 2020Q3, according to the most recent filings of the investment company, Lone Pine Capital. In no event shall stockzoa.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content available on stockzoa.com, or relating to the use of, or inability to use, stockzoa.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Search. Despite its solid performance and expanding margins, recent slowdown concerns have halted the stock’s prolonged rally. Founded in 1997, Lone Pine Capital is a Connecticut-based investment firm which picks up strategic stakes in companies across multiple sectors through equity deals. Portfolio date: 30 Sep 2020. Pine Labs announces new investment from Lone Pine Capital With this investment, Pine Labs is now valued at over USD $2 billion. Stephen Mandel’s 13F portfolio value increased ~17% from $19.79B to $23.20B. Due to these purchases as well as other tech stock stake increases over the quarter, the fund’s Information Technology exposure has skyrocketed to nearly 40%. The stake was initiated in 2017 at prices between $65 and $72 and the stock has essentially tripled since then. As Adobe offers a vast range of products, it enjoys a dominant position in its business, with a wide moat versus its competitors. It is thus evident that the hedge fund considers the stock almost fully valued around its current price. The outstanding performance has resulted from the management’s competency in identifying and investing in companies in the high-growth tech sector. Stephen Mandel’s 13F portfolio value increased ~17% from $19.79B to $23.20B. Lone Pine Capital was a net buyer of stock by $1.4B. The top three positions are Shopify, Facebook, and Microsoft. Holdings. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The stake was initiated in 2017 at prices between $65 and $72 and the stock has essentially tripled since then. SEC 13F filings are viewable for Lone Pine Capital going back to 2004. The streaming giant continues to expand, with its most recent quarter posting all-time high levels in both its top and bottom line, at $6.44 billion and $789 million respectively. Merchant commerce platform Pine Labs on Monday said it has raised a fresh round of funding from Lone Pine Capital, valuing it at over USD 2 billion (about Rs … Warning! Portfolio value: $23,204,860,000. charging the company with an illegal monopoly. They also increased Coupa Software. Amazon is the ninth largest holding of the portfolio of Loan Pine Capital, comprising 4.6% of its total value. The largest investments include Shopify and PayPal, together worth $2.87 billion. The portfolio of the fund almost exclusively includes technology stocks, and thus it has some remarkable characteristics. Portfolio. Lone Pine Capital has achieved impressive annualized returns over the past few years, outperforming the S&P 500 by a wide margin. Coupa has been growing its revenues higher by the quarter, currently showcasing a $520 million run-rate based on its latest $132 million in sales during Q3. Even better, thanks to the immense growth potential of its business, it is likely to keep growing its revenues and its earnings at a breathtaking pace for several more years. As this amount is only 6.0% of the market cap of the stock, it is essentially negligible and confirms the strength of the business model of Amazon. Moreover, even though half of the globe uses at least one of the apps of Facebook on a monthly basis, its user base is still growing at double-digit rates. PayPal is in a reliable long-term growth trajectory thanks to the secular growth of digital payments. 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