market folly

Stephen Mandel's hedge fund firm Lone Pine Capital just filed a 13G with the SEC regarding shares of Polo Ralph Lauren (RL). Due to portfolio activity on October 4th, the filing discloses Lone Pine's 5.0% stake in RL with 3,278,958 shares.

This means Mandel's hedge fund has increased its position size by almost 56%. They previously held 2,106,191 shares back on June 30th of this year. Mandel's background is in the consumer sector so it's no surprise to see their stake in Polo Ralph Lauren.

Lone Pine has been busy in the market as of late, starting a brand new position in TransDigm Group (TDG) recently as well. You can view the rest of Lone Pine's portfolio here in our newsletter.

Taken from Google Finance, Polo Ralph Lauren is "engaged in the design, marketing and distribution of products, including men’s, women’s and children’s apparel, accessories, fragrances and home furnishings."