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Search resuls for: "Stephen Mandel"


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Steve Mandel's Lone Pine Capital opened a huge stake in Meta during the third quarter, regulatory filings show. META YTD mountain Meta shares in 2023 Meta is now the Connecticut-based fund's largest single holding, according to InsiderScore. Lone Pine also opened a big position in Alphabet during the period, valued at slightly more than $400 million. Elsewhere, Lone Pine raised its Amazon stake nearly 12% in the three-month period, after slashing it 26% in the second quarter. Outside of big tech, Lone Pine made some adjustments to financial services stocks.
Persons: Steve Mandel's, Julian Robertson, Mandel's, Lone Pine, Pine, Mandel, Lone, Tempur Sealy Organizations: Steve Mandel's Lone, Steve Mandel's Lone Pine Capital, Meta, Tiger Cubs, Securities and Exchange Commission, Google, Microsoft, Lone Pine, Nvidia, Mastercard, Body, & & $ Locations: Steve Mandel's Lone Pine, Connecticut, Lone, Tempur
Daniel McCaffery, Democratic candidate for Pennsylvania Supreme Court judge, arrives at his polling place to vote in Philadelphia, Tuesday, Nov. 7, 2023. If McCaffery wins, it would give the Democrats one more seat to boost their majority on the state court. Beyond the Spielberg group, the PAC has received funds from at least two veteran finance executives, according to the records. The "dark money" group is chaired by Chuck Hadley, according to his LinkedIn page. The North Fund, another 501(c)(4) "dark money" organization, gave $600,000 to the PAC, according to records.
Persons: Daniel McCaffery, Steven Spielberg, Carolyn Carluccio, Adam Bonin, Jeffrey Yass, Spielberg, Forbes, Stephen Mandel, Susan, Mandel, Mark Heising, Heising, Lynn Schusterman, Charles Schusterman, Schusterman, Chuck Hadley, Hadley, Arabella Organizations: Democratic, Pennsylvania, Democrat, Republican, Susquehanna International Group, Trust, Foundation, Lone, Lone Pine Capital, Medley Partners, PAC, Forbes, McCaffery PAC, Partners, North Fund Locations: Philadelphia, Pennsylvania's, Hollywood, Tuesday's, Lone Pine
Hedge fund Lone Pine Capital built large bets on two high-performing stocks during the second quarter, a new U.S. Securities and Exchange Commission filing shows. Shares of Live Nation are up more than 23% year to date, outperforming the S & P 500. The new additions came as Lone Pine trimmed many of its top holdings, including Workday and Amazon . Lone Pine added to its positions in Microsoft , Amazon and Taiwan Semiconductor in the fourth quarter of last year, just before the tech sector took off. The quarterly hedge fund filings do not show trading data that would reveal when Lone Pine sold or bought shares of any individual stock.
Persons: Lone Pine, Stephen Mandel, Verity, Mandel, Julian Robertson Organizations: Lone Pine Capital, . Securities, Exchange Commission, Entertainment, Nvidia, Booking Holdings, Mastercard, Devices, Tiger Management, Microsoft, Amazon, Taiwan Semiconductor, Lone Locations: Lone
But it's not just Nvidia the smart money is betting on to power AI growth. Dan Loeb's Third Point also purchased Alphabet in the first quarter, making it the fund's fifth-biggest holding. Shares of Alphabet have rallied almost 40% this year as investors grew optimistic about the company's AI capabilities. AI software Druckenmiller revealed recently his Microsoft stake was also a bet on AI. Another AI software maker, Palantir, lately attracted buying from Ark Invest's Cathie Wood.
Persons: it's, Stanley Druckenmiller, Dan Loeb's, Bill Ackman's, Philippe Laffont’s Coatue, Stephen Mandel’s, Druckenmiller, David Tepper, Daniel Sundheim, Meta, Laffont’s Coatue, , Samantha Subin Organizations: Nvidia, Wall Street's, Billionaire, Duquesne, Office, Google, Bill Ackman's Pershing, Capital Management, Taiwan Semiconductor, Tiger Global Management, Coatue Management, Devices, Stephen Mandel’s Lone Pine Capital, Microsoft, Meta Locations: Wall
Many high-profile hedge funds jumped back into technology stocks — the group that hurt their alpha the most last year — just in time to benefit from the furious comeback in the new year. These big investors loaded up on stocks that were among last year's biggest losers amid the Federal Reserve's aggressive rate hikes. Hedge funds overall saw significant negative long alpha (-12.1%) last year, with the single biggest contributor being exposure to info tech, according to Goldman Sachs. .IXIC 1Y mountain Nasdaq Composite The rebound in technology stocks came fast and furious in the new year. Hedge funds overall were able to beat the market significantly.
Lone Pine Capital doubled down on technology stocks in the fourth quarter, just in time to benefit from the big rebound, a new regulatory filing showed. Stephen Mandel's hedge fund significantly increased its holdings in Microsoft and Amazon , making them top bets at the end of the fourth quarter, the filing showed. Mandel founded Lone Pine Capital in 1997 and boasts one of the best long-term track records in the industry. Mandel is one of the so-called "Tiger Cubs," mentored by legendary hedge fund pioneer Julian Robertson. Lone Pine increased its exposure in the semiconductor industry last quarter.
Prior to the U.S. Supreme Court's 2010 Citizens United ruling, which struck down limits on political contributions by corporations or unions, political contributions of billionaires made up around 3% of overall political contributions, she said. Griffin said in a statement: "I hope that my political engagement will help to protect the American Dream. * Crypto-billionaire Sam Bankman-Fried of FTX was the sixth-largest donor, at $39.8 million with the vast majority going to help Democrats. * Elliott Management founder Paul Singer spent $19.7 million to support Republicans, making him the 15th-largest donor. * Renaissance Technologies founder Jim Simons, together with Marilyn Simons, were the 20th-largest donors, spending nearly $16 million to help Democrats.
America's billionaires spent a record $880 million on the U.S. midterm elections so far, with most of their spending favoring Republicans, according to a new report. They have given a total of $3.5 million to a single-candidate super PAC in Wisconsin supporting GOP Sen. Ron Johnson. A relative newcomer to the billionaire political class is Sam Bankman-Fried, the 30-year-old crypto mogul. He donated $40 million this cycle, most of it to a super PAC he created called Protect Our Future. Hedge-fund billionaire Stephen Mandel of Lone Pine Capital has spent $17.7 million on Democratic groups, including the super PAC Future Forward.
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