Steve Mandel's hedge fund firm Lone Pine Capital has filed a 13G with the SEC disclosing a new position in LPL Financial Holdings (LPLA). Per the filing, Lone Pine now owns 6.4% of the company with over 6.5 million shares. The filing was required due to activity on January 28th.
Per Google Finance, LPL Financial Holdings is "formerly LPL Investment Holdings Inc., is a holding company. The Company provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions (collectively advisors) in the United States of America. Through its custody and clearing platform, the Company provides access to diversified financial products and services enabling its advisors to offer independent financial advice and brokerage services to retail investors (clients)."
View additional recent portfolio activity from Lone Pine Capital here.
Monday, February 10, 2014
Lone Pine Capital Starts Position In LPL Financial Holdings
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