Steve Mandel's Lone Pine Capital Buys & Wyndham Worldwide ~ market folly

Tuesday, November 8, 2011

Steve Mandel's Lone Pine Capital Buys & Wyndham Worldwide

Steve Mandel's hedge fund firm Lone Pine Capital just filed two separate 13G's with the SEC regarding shares of Wyndham Worldwide (WYN) and (NTES). The hedge fund previously owned stakes in both, but has been adding to its positions in each as of late. (NTES)

Lone Pine's biggest buy between the two was NTES as they ramped their position size up by 3511% since the end of Q2. Mandel's firm now shows a 5.5% ownership stake in NTES with 177,328,000 shares (based on direct ownership of 7,093,120 ADR's) due to portfolio activity on October 26th.

Per Google Finance, is "is a Internet technology company. NetEase provides online game services to Internet users through the in-house development or licensing of massively multi-player online role-playing games (MMORPGs), including Fantasy Westward Journey, Westward Journey Online II, Westward Journey Online III, Tianxia II and Datang, as well as the licensed game, Blizzard Entertainment’s World of Warcraft.."

Wyndham Worldwide (WYN)

Lone Pine boosted its holdings in WYN by 22% since the end of the second quarter. The hedge fund now shows a 5.4% ownership stake in Wyndham worldwide with 8,259,034 shares due to trading on October 26th.

From Google Finance, Wyndham is " a hospitality company. The Company offers individual consumers and business customers a range of hospitality services and products across various accommodation alternatives and price ranges through its brand portfolio. Its operations are grouped into three segments: lodging, vacation exchange and rentals and vacation ownership. It has more than 20 brands, which include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wyndham Rewards, Wingate by Wyndham, Microtel, RCI, The Registry Collection, ResortQuest, Landal GreenParks, Novasol, Hoseasons, cottages4you, James Villa Holidays, Wyndham Vacation Resorts and WorldMark by Wyndham."

We've also covered some of Lone Pine's other portfolio activity here.

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