A Tease From Blue Ridge Capital and Lone Pine Capital ~ market folly

Tuesday, August 12, 2008

A Tease From Blue Ridge Capital and Lone Pine Capital

Get ready for a barrage of information as the various 13G, 13D, and most importantly 13F's are filed with the SEC by the various hedge funds in the coming days. Right now, we're just getting a little tease from Blue Ridge Capital (John Griffin) and Lone Pine Capital (Stephen Mandel Jr.), before they release their 13F's later in the week.

- Blue Ridge Capital, in a 13G filed yesterday, disclosed they now have a 6.7% stake in Echostar (SATS). As I first wrote about here, Blue Ridge started a new position in SATS in their previous 13F with 1,906,000 shares. And, this past quarter, they were definitely busy adding to that position, as they report they now hold 2,830,000 shares of SATS, which signals a 48.4% increase in the size of their position since last quarter.

- Lone Pine Capital, in a 13G filed yesterday, disclosed they now have a 7.8% stake in Hansen Natural (HANS). In their previous 13F filing, Lone Pine did NOT show a position in HANS. So, this is a brand new position that they've literally just assembled in the previous quarter.


1 comments:

Mark said...

and just like that HANS is flying last 2 sessions