Latest news with #TigerManagement
Yahoo
2 days ago
- Business
- Yahoo
Eli Lilly and Co: Steve Mandel's Strategic Exit with a -3.94% Portfolio Impact
Exploring Steve Mandel (Trades, Portfolio)'s Recent 13F Filing and Investment Moves Warning! GuruFocus has detected 9 Warning Sign with VST. Steve Mandel (Trades, Portfolio) recently submitted the 13F filing for the second 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. Summary of New Buy Steve Mandel (Trades, Portfolio) added a total of 5 stocks, among them: The most significant addition was UnitedHealth Group Inc (NYSE:UNH), with 1,693,347 shares, accounting for 3.76% of the portfolio and a total value of $528,273,460. The second largest addition to the portfolio was EQT Corp (NYSE:EQT), consisting of 7,518,227 shares, representing approximately 3.12% of the portfolio, with a total value of $438,463,000. The third largest addition was Booking Holdings Inc (NASDAQ:BKNG), with 59,972 shares, accounting for 2.47% of the portfolio and a total value of $347,192,300. Key Position Increases Steve Mandel (Trades, Portfolio) also increased stakes in a total of 5 stocks, among them: The most notable increase was Vistra Corp (NYSE:VST), with an additional 1,864,931 shares, bringing the total to 6,469,719 shares. This adjustment represents a significant 40.5% increase in share count, a 2.57% impact on the current portfolio, with a total value of $1,253,896,240. The second largest increase was Inc (NASDAQ:AMZN), with an additional 680,816 shares, bringing the total to 5,033,556. This adjustment represents a significant 15.64% increase in share count, with a total value of $1,104,311,850. Summary of Sold Out Steve Mandel (Trades, Portfolio) completely exited 5 of the holdings in the second quarter of 2025, as detailed below: Eli Lilly and Co (NYSE:LLY): Steve Mandel (Trades, Portfolio) sold all 551,827 shares, resulting in a -3.94% impact on the portfolio. Toll Brothers Inc (NYSE:TOL): Steve Mandel (Trades, Portfolio) liquidated all 3,800,580 shares, causing a -3.47% impact on the portfolio. Key Position Reduces Steve Mandel (Trades, Portfolio) also reduced positions in 11 stocks. The most significant changes include: Reduced Intuit Inc (NASDAQ:INTU) by 632,136 shares, resulting in a -45.03% decrease in shares and a -3.35% impact on the portfolio. The stock traded at an average price of $675.75 during the quarter and has returned 7.73% over the past 3 months and 13.74% year-to-date. Reduced Carvana Co (NYSE:CVNA) by 548,877 shares, resulting in a -23.72% reduction in shares and a -0.99% impact on the portfolio. The stock traded at an average price of $273.14 during the quarter and has returned 14.22% over the past 3 months and 67.04% year-to-date. Portfolio Overview At the second quarter of 2025, Steve Mandel (Trades, Portfolio)'s portfolio included 24 stocks, with top holdings including 8.92% in Vistra Corp (NYSE:VST), 8.75% in Meta Platforms Inc (NASDAQ:META), 7.86% in Inc (NASDAQ:AMZN), 6.57% in Microsoft Corp (NASDAQ:MSFT), and 5.54% in Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM). The holdings are mainly concentrated in 8 of all the 11 industries: Technology, Consumer Cyclical, Financial Services, Communication Services, Utilities, Healthcare, Consumer Defensive, and Energy. 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. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Robert Karr's Strategic Moves: Adobe Inc. Sees a Significant Reduction
Exploring the Latest 13F Filing and Portfolio Adjustments Robert Karr (Trades, Portfolio) recently submitted the 13F filing for the second quarter of 2025, providing insights into his investment moves during this period. Robert Karr (Trades, Portfolio) founded Joho Capital in 1996. He is one of the Tiger Cubs, the hedge fund managers who learned from the legendary Julian Robertson at Tiger Management (Trades, Portfolio). At Tiger Management (Trades, Portfolio), his main focus was Asian equities. Karr tends to hold a concentrated portfolio in the area of new technologies, with a low portfolio turnover rate. Karr believes in the value of a simplistic approach to investing, focusing on a small number of long-term investments in order to conduct more in-depth research on each of the portfolio holdings. Warning! GuruFocus has detected 7 Warning Sign with MSFT. Summary of New Buy Robert Karr (Trades, Portfolio) added a total of 1 stock, among them: The most significant addition was Ltd (NASDAQ:MNDY), with 50,000 shares, accounting for 2.21% of the portfolio and a total value of $15.72 million. Key Position Increases Robert Karr (Trades, Portfolio) also increased stakes in a total of 1 stock, among them: The most notable increase was Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), with an additional 81,100 shares, bringing the total to 249,100 shares. This adjustment represents a significant 48.27% increase in share count, a 2.59% impact on the current portfolio, with a total value of $56,418,660. Key Position Reduces Robert Karr (Trades, Portfolio) also reduced positions in 2 stocks. The most significant changes include: Reduced Adobe Inc (NASDAQ:ADBE) by 88,800 shares, resulting in a -40.47% decrease in shares and a -5.88% impact on the portfolio. The stock traded at an average price of $385.29 during the quarter and has returned -12.51% over the past 3 months and -20.38% year-to-date. Reduced Dutch Bros Inc (NYSE:BROS) by 164,725 shares, resulting in a -8.58% reduction in shares and a -1.76% impact on the portfolio. The stock traded at an average price of $65.18 during the quarter and has returned -12.16% over the past 3 months and 20.12% year-to-date. Portfolio Overview At the second quarter of 2025, Robert Karr (Trades, Portfolio)'s portfolio included 9 stocks, with top holdings comprising 38.97% in Microsoft Corp (NASDAQ:MSFT), 16.9% in Dutch Bros Inc (NYSE:BROS), 13.04% in Uber Technologies Inc (NYSE:UBER), 12.21% in Quanta Services Inc (NYSE:PWR), and 7.95% in Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM). The holdings are mainly concentrated in 4 of the 11 industries: Technology, Consumer Cyclical, Industrials, and Consumer Defensive. 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. This article first appeared on GuruFocus.
Business Insider
19-07-2025
- Business
- Business Insider
How Julian Robertson's legendary Tiger Management has evolved nearly 3 years after his death
Tiger Management is not changing its stripes, but it is hunting in new territory. The legendary money manager founded by late billionaire Julian Robertson has undergone several iterations in its 45-year history. Now, close to three years after Robertson's death, it's firmly in its Tiger 3.0 era. The New York-based firm, known for decades for investing in long-short equity hedge funds, is expanding its remit to wherever talented investors are landing. That's taken the firm to bets on co-investments in public and private positions alongside managers already in Tiger's portfolio as well as long-only funds, private equity offerings, activism firms, and continuation vehicles, according to a person with direct knowledge of the firm's operations. This person is not allowed to speak publicly about the firm. Tiger declined to comment. The change was driven, in part, by Tiger's focus on talent. Internally, the firm looks for people with "winner DNA" who are naturally competitive and operate with integrity, the individual close to the firm said. But the shift in the firm's investment focus is also driven by a change in risk appetite. Tiger 2.0 was one of the industry's most prolific seeders in long-short hedge funds after Robertson returned capital from outside investors in 2000. Dozens of managers got their start thanks to capital from Tiger. The manager, which has billions in capital, has shifted to a more traditional, diversified portfolio because it is running the funds for the Robertson family foundation as well as the multi-generational family's wealth. While Julian Robertson was willing to be more heavily weighted to long-short equity funds when he was managing his wealth, the current team running the book has spread the assets across a more traditional multi-asset mix. Talented people and the Tiger Cub network have been a hallmark of the firm. The first iteration of Tiger Management was a long-short hedge fund that amassed about $22 billion in the late 1990s on the back of strong annual returns averaging 31.5%. It hired young analysts who went on to found some of the most notable firms in the industry, including Coatue, Lone Pine, Viking Global, Blue Ridge, Maverick, and more. The team running the portfolio today has deep Tiger ties. Robertson's son Alex and onetime Tiger and Tiger Global employee Jon Locker lead the firm. They're supported on the investing side by former Tiger Global analyst and Circle Road partner Michael Rosenberg, who previously worked with Locker, and former Fidelity International and ICONIQ investor Mark Hu. Still, Tiger will back young stockpicking funds if the team believes in the people running them. The firm has invested in two young firms of this ilk: Former Engine No. 1 partner Charlie Penner's Ananym Capital and onetime Cadian Capital partner Gor Ter-Grigoryan's Sellaronda Global.
Bloomberg
04-06-2025
- Business
- Bloomberg
Tiger Management Alumnus Snoddy to Launch Japan Engagement Fund
David Snoddy, who ran the Tokyo office of Tiger Management before setting up his own firm, plans to launch a Japanese stock fund next month that focuses on companies with strong cash flows, solid balance sheets and excess cash. Snoddy said the Nezu Engagement Fund will aim to have a size of several hundred million dollars and will invest in 15 to 20 firms that increase market value with a balance of dividends, perks and share buybacks.
Yahoo
16-05-2025
- Business
- Yahoo
Lee Ainslie's Strategic Moves: A Deep Dive into Kenvue Inc's 3.59% Portfolio Impact
Lee Ainslie (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Lee Ainslie (Trades, Portfolio) is the founder and CEO of Dallas-based Maverick Capital. Ainslie started Maverick Capital back in 1993 with $38 million after learning from legendary fund manager Julian Robertson at Tiger Management (Trades, Portfolio). Maverick employs six industry experts to research investment opportunities in the following categories: consumer, health care, cyclical, retail, financial, and telecommunications, media, and technology. Ainslie talks to them about new and current stocks in the portfolio, and with that input, he makes the final decision on investments. Warning! GuruFocus has detected 2 Warning Sign with AMZN. Lee Ainslie (Trades, Portfolio) added a total of 76 stocks, among them: The most significant addition was Kenvue Inc (NYSE:KVUE), with 8,466,901 shares, accounting for 3.59% of the portfolio and a total value of $203.036 million. The second largest addition to the portfolio was Bank of America Corp (NYSE:BAC), consisting of 3,644,820 shares, representing approximately 2.69% of the portfolio, with a total value of $152.098 million. The third largest addition was Danaher Corp (NYSE:DHR), with 698,740 shares, accounting for 2.53% of the portfolio and a total value of $143.241 million. Lee Ainslie (Trades, Portfolio) also increased stakes in a total of 116 stocks, among them: The most notable increase was NVIDIA Corp (NASDAQ:NVDA), with an additional 716,236 shares, bringing the total to 2,830,399 shares. This adjustment represents a significant 33.88% increase in share count, a 1.37% impact on the current portfolio, with a total value of $306.758 million. The second largest increase was Micron Technology Inc (NASDAQ:MU), with an additional 777,095 shares, bringing the total to 809,170. This adjustment represents a significant 2,422.74% increase in share count, with a total value of $70.308 million. Lee Ainslie (Trades, Portfolio) completely exited 68 of the holdings in the first quarter of 2025, as detailed below: Wells Fargo & Co (NYSE:WFC): Lee Ainslie (Trades, Portfolio) sold all 2,133,273 shares, resulting in a -2.7% impact on the portfolio. Visa Inc (NYSE:V): Lee Ainslie (Trades, Portfolio) liquidated all 426,998 shares, causing a -2.43% impact on the portfolio. Lee Ainslie (Trades, Portfolio) also reduced positions in 35 stocks. The most significant changes include: Reduced Starbucks Corp (NASDAQ:SBUX) by 1,007,093 shares, resulting in a -98.66% decrease in shares and a -1.66% impact on the portfolio. The stock traded at an average price of $103.37 during the quarter and has returned -22.47% over the past 3 months and -3.85% year-to-date. Reduced SpringWorks Therapeutics Inc (NASDAQ:SWTX) by 2,428,020 shares, resulting in a -83.96% reduction in shares and a -1.58% impact on the portfolio. The stock traded at an average price of $46.03 during the quarter and has returned -19.76% over the past 3 months and 27.54% year-to-date. At the first quarter of 2025, Lee Ainslie (Trades, Portfolio)'s portfolio included 236 stocks, with top holdings including 6.57% in Inc (NASDAQ:AMZN), 5.42% in NVIDIA Corp (NASDAQ:NVDA), 4.31% in Philip Morris International Inc (NYSE:PM), 4.28% in Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), and 4.09% in Natera Inc (NASDAQ:NTRA). The holdings are mainly concentrated in 10 of all the 11 industries: Technology, Consumer Cyclical, Healthcare, Consumer Defensive, Financial Services, Industrials, Communication Services, Utilities, Basic Materials, and Energy. 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. This article first appeared on GuruFocus. Sign in to access your portfolio
