market folly

Steve Mandel's hedge fund firm Lone Pine Capital has filed a 13G with the SEC regarding shares of Autodesk (ADSK).  Per the filing, Lone Pine now owns 5.3% of the company with over 11.96 million shares.

This is a newly disclosed position for the hedge fund firm and the filing was required due to activity on October 24th.  We've also posted some additional portfolio activity from Lone Pine here.

Per Google Finance, Autodesk is "a design software and service company, offering business solutions through technology products and services. The Company serves in the 3D design, architecture, engineering and construction; manufacturing; and digital media, consumer and entertainment industries. Autodesk operates in four segments: platform solutions and emerging business (PSEB); architecture, engineering and construction (AEC); manufacturing (MFG), and media and entertainment (M&E). The principal products and services of these segments include flagship products, which include AutoCAD, AutoCAD LT, AutoCAD Civil 3D, AutoCAD Mechanical, AutoCAD Map, AutoCAD Architecture, Maya and 3ds Max; Suites, which includes Autodesk Product Design Suites, Autodesk Building Design Suites, Autodesk Infrastructure Design Suites and AutoCAD Design Suites, and New and Adjacent products, which include Autodesk Creative Finishing products, Autodesk Moldflow products and Autodesk Alias Design products."