Lone Pine Capital Boosts Dollar Tree Stake By 300%

Lone Pine Capital LLC has significantly boosted its stake Dollar Tree, Inc., according to a 13G filed with the SEC. The tiger cub run by Steve Mandel held 3,892,021 shares or 1.71% of the company according to the hedge fund's third quarter 13F. The 13G reveals that Lone Pine owns 5.2% of Dollar Tree, or 11,804,692 shares of Common Stock. Lone Pine Capital is now the fourth largest shareholder of the discount retailer.

Dollar Tree, Inc. operates discount variety stores in 48 states throughout the U.S. The company operates over 4,300 Dollar Tree stores that offer national, regional...