Steve Mandel's Lone Pine Capital Starts Dunkin' Brands Position ~ market folly

Tuesday, September 11, 2012

Steve Mandel's Lone Pine Capital Starts Dunkin' Brands Position

Steve Mandel's hedge fund firm Lone Pine Capital yesterday after market close filed a 13G with the SEC regarding Dunkin' Brands Group (DNKN), purveyors of the well-known Dunkin' Donuts chain.

Per the filing, Lone Pine has revealed a 6.7% ownership stake in DNKN with just over 7 million shares.  This is a brand new stake for the hedge fund as they did not report ownership in their most recent 13F filing detailing the portfolio as of June 30th.

As such, they've built their position between July and the present, with trading activity as recent as August 31st.  That activity triggered the SEC filing as they crossed the 5% ownership threshold requiring disclosure.

In other recent portfolio activity from the hedge fund, we've detailed Lone Pine's activity in two other stocks.

Per Google Finance, Dunkin' Brands Group is "a franchisor of restaurants serving coffee and baked goods, as well as ice cream within the quick service restaurant segment of the restaurant industry. The Company operates its business in four segments: Dunkin’ Donuts U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins U.S. The Company develops, franchises, and licenses a system of both traditional and nontraditional quick service restaurants and, in limited circumstances, own and operate individual locations."

To see the rest of Lone Pine's US stock portfolio, their portfolio changes are broken down in the new issue of our premium newsletter

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