Lone Pine Capital Starts SolarWinds Stake, Adds to Michael Kors

Per two 13G's filed with the SEC, Steve Mandel's hedge fund firm Lone Pine Capital has revealed two updated portfolio positions.


New SolarWinds (SWI) Position

First, Lone Pine has disclosed a brand new position in SolarWinds (SWI).  Per the filing, the hedge fund owns 7.3% of the company with 5,479,465 shares.  The disclosure was made due to portfolio activity on July 31st.

Per Google Finance, SolarWinds is "designs, develops, markets, sells and supports enterprise information technology (IT), infrastructure management software to IT professionals in organizations of all sizes. The Company’s product offerings range from individual software tools to more comprehensive software products that solve problems encountered by IT professionals. Its products are designed to help management of their infrastructure, including networks, applications, storage and physical and virtual servers, as well as products for log and event management. It offers a portfolio of products for IT infrastructure management. Its products operate in three categories: Free Tools, Transactional Products and Core Products. In May 2013, the Company completed N-able acquisition."


Boosts Michael Kors (KORS) Stake

Second, Mandel's firm has boosted its holdings in Michael Kors (KORS).  Per the filing, Lone Pine now owns 5.2% of KORS with 10,498,164 shares.  This marks a 30% increase in the number of shares they own since the end of the first quarter.  This filing was required due to portfolio activity on August 2nd.

Per Google Finance, Michael Kors is "a designer, marketer, distributor and retailer of branded women’s apparel and accessories and men’s apparel bearing the Michael Kors name and MICHAEL KORS, MICHAEL MICHAEL KORS, KORS MICHAEL KORS and various other related logos. The Company operates its business in three segments: retail, wholesale and licensing. Retail operations consist of collection stores, lifestyle stores, including concessions and outlet stores located primarily in the United States, Canada, Europe and Japan. Wholesale revenues are principally derived from department and specialty stores located throughout the United States, Canada and Europe. The Company licenses its trademarks on products, such as fragrances, cosmetics, eyewear, leather goods, jewelry, watches, coats, footwear, men’s suits, swimwear, furs and ties."


For more from this hedge fund, we've highlighted some of Lone Pine's other portfolio activity here.

Lone Pine Capital Nearly Doubles SolarWinds (SWI) Stake

Stephen Mandel's hedge fund Lone Pine Capital filed a 13G with the SEC regarding shares of SolarWinds (SWI). Due to portfolio activity on August 19th, Lone Pine now shows a 5.2% ownership stake in the company with 3,766,081 shares.

This is an increase in their position size of 97.5% as they've almost doubled their stake since the end of the second quarter on June 30th.

Mandel's hedge fund has been busy buying lately and we've detailed how Lone Pine likes information technology plays and their SWI purchase falls right under that theme.

Per Google Finance, SolarWinds "designs, develops, markets, sells and supports enterprise information technology (IT) infrastructure management software to IT professionals in organizations of all sizes. The Company’s offerings ranges from individual software tools to software products, which solve problems faced every day by IT professionals and help to enable management of networks and IT environments."

Valinor Management Boosts Cott (COT) Position, Starts Solarwinds (SWI) Stake

David Gallo's hedge fund firm, Valinor Management, recently filed two 13G's with the SEC regarding recent portfolio activity. First, the hedge fund has increased its stake in Cott Corporation (COT). We previously detailed when Valinor started a COT stake back in early December.

Cott Corporation (COTT)

Gallo's firm now shows an 8.8% ownership stake in COT with 8,313,841 shares due to portfolio activity on January 19th. This is a 52% increase in their position size since a month ago.

Readers will be interested to know that shares of COT are largely trading around the level where Valinor established its position in the stock. This is one of those rare opportunities where the timelag in the regulatory disclosure is negligible in allowing an investor to purchase shares at relatively the same price as the hedge fund.

Solarwinds (SWI)

Second, Valinor Management has also revealed a brand new position in Solarwinds (SWI). Due to portfolio activity on January 19th, Gallo's hedge fund shows a 5.4% ownership stake in SWI with 3,803,204 shares.

For more portfolio activity from this hedge fund, we also detailed Valinor's new position in Swift Transportation (SWFT), as well as the addition to their DSW stake (DSW).

Per Google Finance, Cott Corp is "a non-alcoholic beverage company and a retailer brand soft drink provider. In addition to carbonated soft drinks (CSDs), its product includes clear, still and sparkling flavored waters, juice-based products, bottled water, energy-related drinks and ready-to-drink teas."

Solarwinds "designs, develops, markets, sells and supports enterprise information technology (IT), management software to IT professionals in organizations of all sizes. The Company’s offerings ranges from individual software tools to software products, which solve problems faced every day by IT professionals and help to enable management of networks and IT environments."

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