Steve Mandel’s Lone Pine Capital and Lee Ainslie’s Maverick Capital both bought Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) in the last quarter, according to their respective 13f forms. It seems Ctrip.com is the tiger cubs’ new favorite buy, as Coatue Management also established a new position in Ctrip last quarter. Both funds also converged in buying new stakes in SouFun Holdings Ltd (NYSE:SFUN) and Liberty Global in the first quarter. Lone Pine buys Actavis in Q1 Mandel’s brand new positions include Actavis plc (NYSE:ACT), Adobe Systems Incorporated (NASDAQ:ADBE), Equinix Inc (NASDAQ:EQIX) and Jazz Pharmaceuticals plc (NASDAQ:JAZZ). A smaller stake was initiated in Yandex NV (NASDAQ:YNDX). Along with his fellow tiger cubs, Mandel also reduced…
Lone Pine And Maverick Buy Ctrip, SouFun; Reduce Facebook
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.