Lone Pine Capital Buys Baidu, Qualcomm, Sells Google, Priceline

HFA Padded
HFA Staff
Published on
Updated on

Lone Pine Capital shifted its technology money around its long portfolio in the third quarter of 2013 judging by the company’s recently filed 13F. The company added a massive stake in Baidu Inc (NASDAQ:BIDU) and added to its holding of QUALCOMM, Inc. (NASDAQ:QCOM) during the three months, but sold much of its Google Inc (NASDAQ:GOOG) stock and Priceline.com Inc (NASDAQ:PCLN) shares. At the end of September 2013 Lone Pine Capital reported a long portfolio worth $22,395,046,000, up more than 10% from the $20,533,834,000 the company showed at the end of the second quarter of 2013. The fund bought into 12 new…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

The post above is drafted by the collaboration of the Hedge Fund Alpha Team.