Lone Pine Didn't Sell Vistaprint (VPRT) After All: Amended 13F Filing ~ market folly

Friday, November 20, 2009

Lone Pine Didn't Sell Vistaprint (VPRT) After All: Amended 13F Filing

Just a few days ago, we started our 13F analysis series where we detail the position changes of prominent hedge funds. We covered the portfolio of Stephen Mandel's Lone Pine Capital and noticed that their newly acquired stake in VPRT was now gone. We found it a bit curious but nevertheless moved on with our hedge fund portfolio tracking.

Fast forward to today and we see that Lone Pine has just amended their 13F filing with a supplement. The only position listed on the amended filing? Yep, you guessed it: Vistaprint (VPRT). It seems they made an error in reporting their initial 13F and forgot to include this position. As it turns out, they did indeed own 2,499,729 shares of VPRT as of September 30th, 2009.

Here is a screenshot of the amended 13F filing from the SEC:

(click to enlarge)

We just wanted to update everyone of the change and will go back now and amend our own 13F piece on Lone Pine to reflect the position as such. You can check out the rest of Lone Pine's portfolio here. Additionally, we've already tracked a few other prominent hedge fund portfolios such as: Dan Loeb's Third Point, Seth Klarman's Baupost Group, and Bill Ackman's Pershing Square.

Taken from Google Finance, Vistaprint (VPRT) is "an online provider of coordinated portfolios of marketing products and services to small businesses globally. The Company offers a range of products and services ranging from printed business cards, brochures and post cards to apparel, invitations and announcements, holiday cards, calendars, creative design services, copywriting services, direct mail services, promotional gifts, signage, Website design and hosting services, and e-mail marketing services."

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