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Mandel's Lone Pine Capital Starts Positions in Discount Retailers Family Dollar (FDO) and Dollar General (DG), Lowers Exposure to Financials

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August 17, 2010 2:30 PM EDT
Hedge fund titan Stephen F. Mandel, Jr. released the 13F for his Lone Pine Capital, LLC fund for the quarter ended June 30, 2010.

The value of the disclosed portfolio is down from $11.05 billion at March 31, 2010 to $10.16 billion at June 30, 2010, but it should be noted that cash, short positions and various other securities are not required to be disclosed in the 13F filing.

During the quarter, Stephen Mandel acquired new holdings in discount retailers, with Family Dollar and Dollar General, and lowered exposure to finanicals with reduced stakes in J.P. Morgan and Bank of America. Mandel did up his Brazilian holdings by almost doubling his Banco Popular position.

Below a full summary of his notable moves:

Notable New Stakes:
  • 7 Days Group Holdings Limited (NYSE: SVN) of 842,119 common shares.
  • Career Education Corp (Nasdaq: CECO) of 2,816,186 common shares.
  • China Lodging Group, Limited (Nasdaq: HTHT) of 592,269 common shares.
  • Crown Castle International Corp. (NYSE: CCI) of 10,957,451 common shares.
  • DeVry, Inc. (NYSE: DV) of 1,286,037 common shares.
  • Dollar General Corp. (NYSE: DG) of 2,401,621 common shares.
  • Equinix, Inc. (Nasdaq: EQIX) of 1,731,835 common shares.
  • Family Dollar Stores Inc. (NYSE: FDO) of 3,668,016 common shares.
  • Google, Inc. (Nasdaq: GOOG) of 294,090 common shares.
  • Lincare Holdings Inc. (Nasdaq: LNCR) of 4,096,607 common shares.
  • Owens Corning (NYSE: OC) of 2,007,315 common shares.
  • priceline.com Incorporated (Nasdaq: PCLN) of 1,188,249 common shares.
  • QuinStreet, Inc. (Nasdaq: QNST) of 1,496,336 common shares.
  • Regal Entertainment Group (NYSE: RGC) of 3,207,839 common shares.
  • TD AMERITRADE Holding Corporation (Nasdaq: AMTD) of 8,343,305 common shares.
  • VanceInfo Technologies Inc. (NYSE: VIT) of 1,149,089 common shares.
  • Yum! Brands, Inc. (NYSE: YUM) from 12,272,645 to 15,053,094 common shares.
Raised Stakes:
  • Amazon.com (Nasdaq: AMZN) from 1,125,899 to 2,256,092 common shares.
  • Ameriprise Financial (Nasdaq: AMPF) from 4,270,932 to 4,398,808 common shares.
  • Amphenol Corporation (NYSE: APH) from 3,588,797 to 4,318,327 common shares.
  • Autodesk (Nasdaq: ADSK) from 5,122,913 to 8,678,543 common shares.
  • Citrix Systems, Inc. (Nasdaq: CTXS) from 3,224,801 to 3,985,271 common shares.
  • Cognizant Technology Solutions Corp. (Nasdaq: CTSH) from 10,899,834 to 11,867,934 common shares.
  • Goodrich Corp. (NYSE: GR) from 3,229,782 to 3,931,324 common shares.
  • Green Mountain Coffee Roasters Inc. (Nasdaq: GMCR) from 1,560,518 to 7,610,908 common shares.
  • Hewlett-Packard (NYSE: HPQ) from 4,906,518 to 6,126,382 common shares.
  • Invesco Ltd. (NYSE: IVZ) from 515,600 to 9,075,772 common shares.
  • Estee Lauder Companies Inc. (NYSE: EL) from 3,498,677 to 6,105,520 common shares.
  • Live Nation Entertainment, Inc. (NYSE: LYV) from 9,585,320 to 11,706,244 common shares.
  • Mead Johnson Nutrition (NYSE: MJN) from 2,903,033 to 4,357,816 common shares.
  • O'Reilly Automotive Inc. (Nasdaq: ORLY) from 1,685,691 to 3,991,333 common shares.
  • Polo Ralph Lauren (NYSE: RL) from 1,777,999 to 2,106,191 common shares.
  • Popular Inc. (Nasdaq: BPOP) from 9,765,472 to 18,218,779 common shares.
Notable Maintained Stakes:
  • Cninsure Inc. (Nasdaq: CISG) at 888,118 common shares.
  • New Oriental Education & Technology Group (NYSE: EDU) at 2,739,527 common shares.
Notable Lowered Stakes:
  • Accenture Plc (NYSE: ACN) from 11,479,833 to 9,668,219 common shares.
  • Activision Blizzard, Inc. (Nasdaq: ATVI) from 13,237,180 to 13,128,280 common shares.
  • Apple (Nasdaq: AAPL) from 2,349,597 to 2,251,101 common shares.
  • Bank of America Corp. (NYSE: BAC) from 15,277,033 to zero common shares.
  • Baxter International (NYSE: BAX) from 6,326,359 to zero common shares.
  • Coca Cola Co. (NYSE: KO) from 3,360,300 common shares.
  • CVS Caremark (NYSE: CVS) from 5,410,152 to zero common shares.
  • DaVita, Inc. (NYSE: DVA) from 4,646,350 to 4,399,247 common shares.
  • Dr Pepper Snapple Group, Inc. (NYSE: DPS) from 4,219,370 common shares.
  • J.P. Morgan Chase (NYSE: JPM) from 17,814,985 to 16,436,305 common shares.
  • Longtop Financial Technologies Limited (NYSE: LFT) from 3,093,594 to 2,923,773 common shares.
  • McDonald's Corp. (NYSE: MCD) from 6,952,805 to 3,652,289 common shares.
  • Pactiv Corp. (NYSE: PTV) from 6,303,553 to 2,535,104 common shares.
  • PNC Financial Services Group Inc. (NYSE: PNC) from 1,250,000 to zero common shares.
  • QUALCOMM Incorporated (Nasdaq: QCOM) from 14,041,700 to 9,735,949 common shares.
  • Salesforce.com (NYSE: CRM) from 1,910,367 to 1,338,973 common shares.
  • Staples, Inc. (Nasdaq: SPLS) from 3,698,272 to zero common shares.
  • Strayer Education Inc. (Nasdaq: STRA) from 1,285,134 to 1,203,207 common shares.
  • United Parcel Service, Inc. (NYSE: UPS) from 3,522,978 to zero common shares.
  • Visa, Inc. (NYSE: V) from 3,637,201 to 2,205,117 common shares.
  • Walter Energy, Inc. (NYSE: WLT) from 1,621,590 to zero common shares.
  • Wells Fargo & Company (NYSE: WFC) from 14,681,462 to zero common shares.
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