In this article, we took a look at the returns of billionaire Stephen Mandel’s top ten stock picks to determine if Lone Pine’s strategy of embracing the tech revolution is working. Click to go ahead and view billionaire Stephen Mandel’s top 5 stock picks.
Hedge fund Lone Pine Capital, protected by Julian Robertson Stephen Mandel, has generated annualized returns of 19.5% since inception. Mandel’s fund extended its gains in 2020 despite a poor performance in the first quarter. Lone Pine Capital’s strategy of investing in e-commerce and internet stocks helped rebound in the second quarter and continue this momentum into the second half of the year.
Lone Pine uses a long-short strategy and the fund uses both value and growth strategies when selecting stocks. The firm has not held the position for a long time. The average time held for the top ten positions is approximately 4.00 quarters while the time held for the top 20 positions is on average 4.20 quarters.
Mandel announced his departure …
- According to the source Billionaire Stephen Mandel’s lone pine kisses the Tech Revolution
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