Stephen Mandel - Lone Pine Capital Portfolio
| Period Date | Mar 31, 2025 | |
| Filing Date | May 15, 2025 | |
| Total Stocks | 22 | |
| Portfolio Value | $11.41B |
Lone Pine Capital Strategy Analysis
Investment Strategy Metrics
Key metrics revealing investment style, risk management, and performance characteristics
| Metric | Value | Category | Description |
|---|---|---|---|
| Holding Period | 3.9 years | Style | Average duration positions are maintained |
| Position Count | 98 | Style | Number of active positions in portfolio |
| Position Size | 4.4% | Risk | Typical allocation per position |
| Win Rate | 55.8% | Performance | Percentage of profitable positions |
| Average Return | 2748.2% | Performance | Mean return across positions |
| Sharpe Ratio | 0.19 | Performance | Return per unit of risk taken |
Investment Case Study: FACEBOOK INC (META)
6/30/2013 - 8/4/2025
Performance Metrics
Total Return: 154,752.15%
Holding Period: 4418 days
Max Position Size: $1,053,474,022.00
Position Weight: 3.91%
Key Events
6/30/2013: ENTRY(9,864,619.00 shares) @ $0.02
9/30/2013: DECREASE(-2,228,624.00 shares) @ $0.05
12/31/2013: DECREASE(-4,635,554.00 shares) @ $0.05
3/31/2014: DECREASE(-1,000,441.00 shares) @ $0.06
9/30/2014: INCREASE(6,638,513.00 shares) @ $0.08
12/31/2014: INCREASE(4,864,102.00 shares) @ $78.02
3/31/2015: DECREASE(-5,395,693.00 shares) @ $0.08
6/30/2015: INCREASE(1,654,800.00 shares) @ $0.09
9/30/2015: INCREASE(940,537.00 shares) @ $0.09
12/31/2015: DECREASE(-916,947.00 shares) @ $0.10
3/31/2016: INCREASE(1,628,196.00 shares) @ $0.11
6/30/2016: DECREASE(-472,271.00 shares) @ $0.11
9/30/2016: DECREASE(-4,694,796.00 shares) @ $0.13
12/31/2016: DECREASE(-318,533.00 shares) @ $0.12
3/31/2017: DECREASE(-821,600.00 shares) @ $0.14
6/30/2017: INCREASE(1,061,741.00 shares) @ $0.15
9/30/2017: DECREASE(-1,135,793.00 shares) @ $0.17
12/31/2017: DECREASE(-631,809.00 shares) @ $0.18
3/31/2018: INCREASE(3,300,795.00 shares) @ $0.16
6/30/2018: DECREASE(-4,296,692.00 shares) @ $0.19
9/30/2018: INCREASE(458,653.00 shares) @ $0.16
12/31/2018: INCREASE(2,806,564.00 shares) @ $0.13
3/31/2019: DECREASE(-1,829,084.00 shares) @ $0.17
6/30/2019: DECREASE(-1,838,547.00 shares) @ $0.19
9/30/2019: DECREASE(-1,053,748.00 shares) @ $0.18
12/31/2019: INCREASE(1,477,510.00 shares) @ $0.21
3/31/2020: INCREASE(106,113.00 shares) @ $0.17
6/30/2020: INCREASE(1,734,964.00 shares) @ $0.23
9/30/2020: INCREASE(582,547.00 shares) @ $0.26
12/31/2020: DECREASE(-2,273,976.00 shares) @ $0.27
3/31/2021: INCREASE(2,086,813.00 shares) @ $0.29
6/30/2021: DECREASE(-676,650.00 shares) @ $0.35
9/30/2021: DECREASE(-1,910,783.00 shares) @ $0.34
Investment Thesis
Entry Context: Initial position established based on fundamental analysis
Sector Conditions: Favorable market conditions in the sector
Risk Factors:
- Market volatility
- Sector-specific risks
Key Learnings
- Position sizing is critical for portfolio management
- Important to monitor sector exposure