Steve Mandel's hedge fund Lone Pine Capital filed a 13G with the SEC regarding its position in Charter Communications (CHTR).? Per the filing, Lone Pine has revealed a 7.1% ownership stake in the company with 7,216,285 shares.
This marks a whopping 2,100% increase in the number of shares owned since the end of the third quarter back in September of last year.? The filing was required due to portfolio activity on January 24th.
In other recent portfolio activity, we also detailed how Lone Pine ramped up its TripAdvisor stake as well.
Per Google Finance, Charter Communications is "a United States-based company that is engaged in the provision of broadband and cable communication services and solutions. The Company provides advanced video, including High-Definition programming and Digital Video Recorder service, high-speed Internet, and telephone services to approximately 5.2 million residential and business customers in 25 states."
For a rare look at insight directly from the Lone Pine manager, we've also posted up Steve Mandel's pitch on VeriSign.
Source: http://www.marketfolly.com/2013/02/steve-mandels-lone-pine-capital-adds-to.html
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