Lone Pine Capital Increases Dollar Tree Stake ~ market folly

Tuesday, November 24, 2015

Lone Pine Capital Increases Dollar Tree Stake

Steve Mandel's hedge fund firm Lone Pine Capital has filed a 13G with the SEC regarding its position in Dollar Tree (DLTR).  Per the filing, Lone Pine now owns 5.6% of the company with over 13.19 million shares. 

This is up from the 5.13 million shares they owned at the end of the third quarter when they originated the new position.  This latest filing is due to activity on November 13th, 2015.

You can view other recent portfolio activity from Lone Pine here.

Per Google Finance, Dollar Tree is "an operator of discount variety stores offering merchandise at the fixed price of $ 1.00. The Company offers a selection of everyday basic products and also supplements these basic, everyday items with seasonal, closeout and promotional merchandise."

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