A Look At Lone Pine Capital's Portfolio (JPM, MON, BAX, QCOM)

Lone Pine Capital was started in 1997 by Steven Mandel, who had previously worked as a managing director and analyst at Julian Robertson's Tiger Management. The fund invests using a long/short equity strategy. Lone Pine Capital has assets under management of around $13 billion. According to the fund's 13-F filing on 12/31/2009, Lone Pine's biggest position was in shares of J.P. Morgan JPM. The hedge fund's JPM position was valued at around $727,771,796. Lone Pine Capital also had a very large position in Monsanto MON, a stock that has been under pressure recently. Year-to-date, MON shares have lost nearly 30% and currently trade at $57.52. The firm's third largest holding was in Baxter International BAX, valued at $612,714,852. This entire position was accumulated by Lone Pine between 9/30/2009 and 12/31/2009. BAX shares have lost 22.46% in 2010. Another beaten down stock, Qualcomm QCOM, represented Lone Pine's fourth largest position as of the beginning of 2010, the fund held 12,240,777 QCOM shares. Year-to-date, this stock has fallen 18.98% to $37.48.