Every quarter, many money managers have to disclose what they've bought and sold, via 13F filings. Their latest moves can shine a bright light on smart stock picks.
Today let's look at Lone Pine Capital, founded by Steve Mandel in 1997. Prior to that, Mandel was a managing director at Tiger Management. Lone Pine is one of the biggest hedge fund companies, and reportedly beat the S&P 500 for 11 years in a row. Like many value investors, Mandel is known to dig deep into companies, aiming to buy undervalued ones.
The company's reportable stock portfolio totaled $17.0 billion in value as of June 30, 2012.
So what does Lone Pine Capital's latest quarterly 13F filing tell us? Here are a few interesting details:
New holdings include Netflix
Among holdings in which Lone Pine increased its stake was IT consulting and outsourcing specialist Cognizant Technology Solutions
Lone Pine reduced its stake in a handful of companies, including "big data" specialist Teradata
Finally, Lone Pine unloaded several companies, such as Green Mountain Coffee Roasters
Meanwhile, shares of Las Vegas Sands have sunk about 9%, due in part to sluggishness in Las Vegas itself. It's a major player in Asia, though, and many investors are bullish on its prospects in places such as Macau and Singapore, though in Macau some worry that its properties there will be taking business from each other. Growth there has been slowing, too, and the company has further expansion plans for Spain, Vietnam, and elsewhere.
We should never blindly copy any investor's moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing. 13F forms can be great places to find intriguing candidates for our portfolios.
Learn more about Netflix in this brand-new premium report. Our top analysts sat down to describe all the opportunities and risks ahead of the movie maven, and laid it out in plain English for you. The report even comes with a full year of updates. Click here to get started.