market folly

Steve Mandel's hedge fund firm Lone Pine Capital filed two separate 13G's with the SEC yesterday after market close disclosing new positions:

SemGroup (SEMG)

First, Lone Pine has disclosed a 5.2% ownership stake in SemGroup with 2,172,935 shares.  This is a brand new position for them as they did not own any shares at the end of the second quarter.  This disclosure was filed due to trading activity on October 24th.

Per Google Finance, SemGroup "provide gathering, transportation, storage, distribution, marketing, and other midstream services primarily to independent producers, refiners of petroleum products, and other market participants located in the Midwest and Rocky Mountain regions of the United States of America, Canada and the West Coast of the United Kingdom."


Informatica (INFA)

Second, Mandel's firm has revealed a 5.2% ownership stake in Informatica with 5,624,068 shares.  This is also a brand new position as they did not report ownership at the end of the second quarter.  This position was also revealed due to trading activity on October 26th.

Per Google Finance, Informatica is "an independent provider of enterprise data integration and data quality software and services. The Company's software solutions enable a variety of complex enterprise data integration initiatives through the technologies, which include enterprise data integration, data quality, master data management, business to business (B2B) data exchange, application information lifecycle management, complex event processing, ultra messaging, and cloud data integration."


Earlier today we revealed one of Lone Pine's short positions as well.  You can also check out other recent long activity from Lone Pine.