Lone Pine Capital Adds to Wyndham Stake ~ market folly

Tuesday, January 14, 2014

Lone Pine Capital Adds to Wyndham Stake

Steve Mandel's hedge fund firm Lone Pine Capital has filed a 13G with the SEC regarding their position in Wyndham Worldwide (WYN).  Per the filing, Lone Pine now owns 5.2% of WYN with over 6.77 million shares.

The filing indicates they've purchased over 1.06 million shares since the end of the third quarter and the 13G was filed due to portfolio activity on January 2nd, 2014.

Per Google Finance, Wyndham Worldwide is "a hospitality company. The Company offers individual consumers and business customers an array of hospitality services and products across various accommodation alternatives and price ranges through its portfolio of brands. It operates in three segments of the hospitality industry: lodging, vacation exchange and rentals and vacation ownership. Its brands include Wyndham Hotels and Resorts, Tryp by Wyndham, Ramada, Days Inn, Super 8, Landal GreenParks, Novasol, Hoseasons, cottages4you, James Villa Holidays, ResortQuest by Wyndham Vacation Rentals, The Resort Company by Wyndham Vacation Rentals, Wyndham Vacation Resorts and WorldMark by Wyndham."

For more portfolio activity from Lone Pine, click here.

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