Lone Pine Capital Starts Spirit Airlines Stake ~ market folly

Tuesday, July 15, 2014

Lone Pine Capital Starts Spirit Airlines Stake

Steve Mandel's hedge fund firm Lone Pine Capital has filed a 13G with the SEC on shares of Spirit Airlines (SAVE).  Per the filing, Lone Pine now owns 6% of the company with over 4.3 million shares.

This is a brand new position for the hedge fund as they did not own any shares at the end of Q1.  The filing was made due to activity on July 2nd.

You can view additional portfolio activity from Lone Pine here.


blog comments powered by Disqus