Steve Mandel's hedge fund firm Lone Pine Capital filed a 13G with the SEC regarding its position in Dollar Tree Stores (DLTR). Per the filing, Lone Pine has disclosed a 5.2% ownership stake in DLTR with 11,804,692 shares.
This marks a 203% increase in the number of shares they own since the end of the third quarter. The filing was required due to portfolio activity on November 28th. Lone Pine first started building its Dollar Tree Stores stake in the third quarter.
This makes them one of the largest institutional holders of DLTR shares, along with Blue Ridge Capital, who also increased their position in the third quarter.
Per Google Finance, Dollar Tree is "an operator of discount variety stores offering merchandise at the fixed price."
We've recently highlighted additional Lone Pine portfolio activity here.
Tuesday, December 11, 2012
Lone Pine Capital More Than Doubles Its Dollar Tree Stake
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