Insightful Analysis of Steve Mandel (Trades, Portfolio)'s First Quarter 2025 13F Filing

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Steve Mandel (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Steve Mandel (Trades, Portfolio) is the founder of Lone Pine Capital, a long/short equity money manager, which he started in 1997. Prior to founding LPC, Mr. Mandel was senior managing director and consumer analyst at Tiger Management (Trades, Portfolio) Corporation (1990-1997), mass-market retailing analyst at Goldman, Sachs (1984-1990) and senior consultant at Mars and Company (1982-1984). Lone Pine Capital is named after a tree at his alma mater Dartmouth College that survived a lightning strike. Mandel previously worked at Tiger Management (Trades, Portfolio) under Julian Robertson. Lone Pine Capital invests in public equity markets across the globe, and utilizes long-short strategy. The firm uses fundamental analysis and bottom up stock picking to build the portfolio. Mandel uses both value and growth methodologies, and does not hold many stocks for very long.Steve Mandel's Strategic Moves: Carvana Co. Takes Center Stage with 4.18% Portfolio Impact

Summary of New Buy

Steve Mandel (Trades, Portfolio) added a total of 4 stocks, among them:

The most significant addition was Carvana Co (NYSE:CVNA), with 2,314,168 shares, accounting for 4.18% of the portfolio and a total value of $483.85 million. The second largest addition to the portfolio was Toll Brothers Inc (NYSE:TOL), consisting of 3,800,580 shares, representing approximately 3.47% of the portfolio, with a total value of $401.30 million. The third largest addition was Cadence Design Systems Inc (NASDAQ:CDNS), with 1,218,389 shares, accounting for 2.68% of the portfolio and a total value of $309.87 million.

Key Position Increases

Steve Mandel (Trades, Portfolio) also increased stakes in a total of 10 stocks, among them:

The most notable increase was Intuit Inc (NASDAQ:INTU), with an additional 247,040 shares, bringing the total to 1,403,802 shares. This adjustment represents a significant 21.36% increase in share count, a 1.31% impact on the current portfolio, with a total value of $861.92 million. The second largest increase was AppLovin Corp (NASDAQ:APP), with an additional 508,815 shares, bringing the total to 1,593,928. This adjustment represents a significant 46.89% increase in share count, with a total value of $422.34 million.

Summary of Sold Out

Steve Mandel (Trades, Portfolio) completely exited 12 of the holdings in the first quarter of 2025, as detailed below:

Story Continues

PTC Inc (NASDAQ:PTC): Steve Mandel (Trades, Portfolio) sold all 2,326,231 shares, resulting in a -3.18% impact on the portfolio. Spotify Technology SA (NYSE:SPOT): Steve Mandel (Trades, Portfolio) liquidated all 913,564 shares, causing a -3.04% impact on the portfolio.

Key Position Reduces

Steve Mandel (Trades, Portfolio) also reduced positions in 7 stocks. The most significant changes include:

Reduced Philip Morris International Inc (NYSE:PM) by 3,459,830 shares, resulting in a -53.49% decrease in shares and a -3.09% impact on the portfolio. The stock traded at an average price of $141.65 during the quarter and has returned 13.41% over the past 3 months and 41.78% year-to-date. Reduced Eli Lilly and Co (NYSE:LLY) by 231,033 shares, resulting in a -29.51% reduction in shares and a -1.33% impact on the portfolio. The stock traded at an average price of $832.09 during the quarter and has returned -13.15% over the past 3 months and -4.85% year-to-date.

Portfolio Overview

At the first quarter of 2025, Steve Mandel (Trades, Portfolio)'s portfolio included 24 stocks, with top holdings including 8.75% in Meta Platforms Inc (NASDAQ:META), 7.44% in Intuit Inc (NASDAQ:INTU), 7.15% in Amazon.com Inc (NASDAQ:AMZN), 6.36% in Microsoft Corp (NASDAQ:MSFT), and 5.6% in Starbucks Corp (NASDAQ:SBUX).Steve Mandel's Strategic Moves: Carvana Co. Takes Center Stage with 4.18% Portfolio Impact

The holdings are mainly concentrated in 7 of all the 11 industries: Technology, Consumer Cyclical, Financial Services, Communication Services, Utilities, Consumer Defensive, and Healthcare.Steve Mandel's Strategic Moves: Carvana Co. Takes Center Stage with 4.18% Portfolio Impact

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

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