Here’s How Stephen Mandel’s Lone Pine Capital Performed In Q1

#2 Amazon.com, Inc. (NASDAQ:AMZN)

– Shares Owned by Lone Pine Capital (as of December 31): 2.2 million

– Value of Holding (as of December 31): $1.49 billion

After initiating a stake in Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, Lone Pine Capital  raised it by 14% during the fourth quarter. Though  Amazon.com, Inc. (NASDAQ:AMZN)’s stock ended the first quarter down by over 12%, if Lone Pine didn’t buy more shares when the stock was falling, there is little chance that Lone Pine’s position would be in the red because the stock is still trading significantly above the high it topped in the third quarter. However, the same cannot be said about Michael Sidhom‘s Immersion Capital, which initiated a stake in the company during the fourth quarter by purchasing 236,256 shares. On April 5, Amazon’s founder and CEO sent a letter to the company’s shareholder defending the company’s corporate culture, which came under a lot of criticism after New York Times published a report on it last year in August. On the same day, Mr. Bezos also tweeted: “Heads up readers – all-new, top of the line Kindle almost ready. 8th generation. Details next week”. According to recent reports, the company is building a solar-charged Kindle case and the new Kindle will boast of a rechargeable protective case for extended battery life.

#1 Microsoft Corporation (NASDAQ:MSFT)

– Shares Owned by Lone Pine Capital (as of December 31): 27.26 million

– Value of Holding (as of December 31): $1.51 billion

Owing to the over 20% rise in its stock during the fourth quarter and Lone Pine Capital boosting its stake in the company by 8% during the same period, Microsoft Corporation (NASDAQ:MSFT) became Lone Pine Capital’s top stock pick going into 2016. Boykin Curry‘s Eagle Capital Management also increased its stake in the company, by 3% to 31.1 million shares, during the same period. While the broader market was extremely volatile in the first quarter, Microsoft Corporation (NASDAQ:MSFT)’s stock didn’t move much during that period and ended the quarter flat. Though most analysts consider Microsoft Corporation’s stock to be fully valued at $54, they are of the opinion that long-term investors can add more shares if there is a correction after the company reports its fiscal 2016 third quarter earnings on April 21. Currently, the projection on the Street is for the company to report EPS of $0.64 on revenue of $22.10 billion for the quarter, slightly better than the EPS of $0.61 on revenue of $21.73 billion it had reported for the same quarter of the previous financial year. More than the financial numbers, investors and analysts are eagerly waiting for the company to report the subscription numbers for Office 365 and its cloud platform, Azure, because if they are growing as expected it will mean that Microsoft Corporation is moving on the right track.

Disclosure: None