Stephen Mandel is the founder and managing director of Lone Pine Capital, a Connecticut-based investment management firm. Mandel began his work at Mars and Company as a senior consultant. Later, he worked at The Goldman Sachs Group as a mass-market retail analyst. He left Tiger Management in 1997 to start his hedge fund. Lone Pine Capital manages a portfolio worth more than $31.6 billion as an investment management firm. The technology sector accounts for 44.9 percent of the overall portfolio value of the fund. Facebook, Amazon, and Microsoft are among the top stocks in the investment portfolio at the end of the second quarter of 2021.
Insider Monkey looks towards billionaire Stephen Mandel’s top 10 stock picks. DoorDash, Inc. was held by 45 hedge funds in Q2 2021, up from 38 the previous quarter. Lone Pine Capital, led by Stephen Mandel, currently owns $1.33 billion in assets, accounting for 4.2 percent of the fund’s total assets. ServiceNow, Inc. is a software firm that creates a cloud computing platform for businesses to manage their digital workflows and operations. Square Inc. provides payment processing services to a variety of businesses. The company had 94 hedge funds with a total holding of $10.3 billion at the end of the second quarter of 2021, up from 92 hedge funds with a total stake of $9.20 billion the previous quarter. JPMorgan analyst Sterling Auty maintained an Overweight rating on Adobe Inc. and boosted the firm’s price objective to $680 from $660. Stephen Mandel’s hedge fund owns $1.4 billion worth of Adobe stock, totaling approximately 2.4 million shares. As of Q2 2021, Stephen Mandel of Lone Pine Capital had roughly 5.27 million Microsoft shares worth $1.42 billion. Insider Monkey examined 873 hedge funds, and 238 of them had interests in Microsoft worth $62.46 billion, compared to 251 hedge funds the previous quarter. For more details, click Billionaire Stephen Mandel’s Top 10 Stock Picks.
