Stephen Mandel’s Lone Pine Capital reveals new stakes in AI-related power producers

[Pelican Press 0]

Stephen Mandel’s Lone Pine Capital reveals new stakes in AI-related power producers

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. The hedge fund slightly raised its stake in

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, meanwhile. Mandel slashed his holding in Meta by more than 25% in the first quarter, when the stock soared 37%. Meta tumbled 11% in April, almost all of which came when the Mark Zuckerberg-led platform gave a lighter forecast in its first-quarter earnings report. Still, the

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and

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parent amounts to roughly 8% of the hedge fund’s entire portfolio, making it Mandel’s largest holding, according to InsiderScore.

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is Lone Pine’s third-largest position, trailing Taiwan Semiconductor, which Lone Pine reduced by 11%.

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is the fourth-largest holding, even after the hedge fund cut its stake in the e-commerce retailer by about 18%. One company that saw a sizeable increase was tobacco maker Philip Morris International . Mandel more than doubled his stake in the stock, which is up 7% this year. The hedge fund completely exited positions in UnitedHealth Group and GE Aerospace , which began trading in its current form in April after spinning off its GE Vernova power business. Mandel, who is not involved in day-to-day management at the firm, is one of the so-called “Tiger Cubs” mentored by legendary hedge fund pioneer Julian Robertson.

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Investment strategy,Stock markets,Spotify Technology SA,Vistra Corp,Constellation Energy Corp,Mckesson Corp,Applovin Corp,Meta Platforms Inc,

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.com Inc,Philip Morris International Inc,UnitedHealth Group Inc,General Electric Co,Stephen Mandel,Taiwan Semiconductor Manufacturing Co Ltd,Taiwan Semiconductor Manufacturing Co Ltd,GE Vernova Inc,business news
#Stephen #Mandels #Lone #Pine #Capital #reveals #stakes #AIrelated #power #producers

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