Steve Mandel's hedge fund firm Lone Pine Capital has
filed a 13G with the SEC regarding their position in Tiffany &
Co (TIF). Per the filing, Lone Pine now owns 5.3% of the company with
over 6.85 million shares.
This means they've boosted
their stake by over 2.61 million shares since the end of the second
quarter. The filing was made due to activity on September 18th.
You can view additional recent portfolio activity from Lone Pine here.
Per
Google Finance, Tiffany's is "a holding company that operates through
its subsidiary companies. The Company operates in five segments:
Americas, Asia-Pacific, Japan, Europe and other. The Company's principal
product category is jewelry, which represented 92% of worldwide net
sales during the fiscal year ended January 31, 2014."
Tuesday, September 30, 2014
Lone Pine Capital Boosts Tiffany Stake
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