Lone Pine Capital LLC (Greenwich)

Name: Lone Pine Capital LLC
Address: Two Greenwich Plaza, Greenwich, CT, 06830
Telephone: (203) 618 -1400

Lone Pine Capital LLC is a large advisory firm based in Greenwich. It manages $26.14 billion of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Connecticut, and Delaware.

Lone Pine Capital provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lone Pine Capital: assets under management

The assets under management (AUM) of Lone Pine Capital LLC is $26.14 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 5% since the beginning of its operation, and $11.41 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $26.14 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.63 billion each.

Lone Pine Capital has custody of $26.14 billion in cash and securities for 16 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 97% of the total AUM. The second-largest asset type is investment and business development companies, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lone Pine Capital LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lone Pine Capital serves?

The firm provides services to pooled investment vehicles and pension and profit sharing plans. The largest group of clients of Lone Pine Capital is pooled investment vehicles with 15 clients and $26 billion of assets under management. Among the 11 most similar advisory firms, Lone Pine Capital has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $26.14 billion for 16 clients. 50% of the firm’s clients are foreign persons or businesses.

Lone Pine Capital also advises several private funds. Namely, ten hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Lone Pine Capital LLC

The company employs 97 people that are either part- or full-time employees. 16 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Frank Mandel	Managing director	1 Jun 1997	Other	1329820
Kerry Ann Tyler	Member of lone pine associates llc	1 Jun 1997	Other	2496840
Kerry Ann Tyler	Managing director, chief operating officer	1 Aug 1997	Other	2496840
Mala Gaonkar	Member of lone pine associates llc	1 Feb 1998	Other	6009470
David Francis Craver	Member of lone pine associates llc	1 Aug 1998	Other	2772746
Marco Aurelio Tablada	Member of lone pine associates llc	1 Feb 2000	Other	6009493
Lone Pine Capital Llc	Parent of relying adviser lone pine capital (uk) limited	1 Jan 2002	75% - 100%	156602
Stephen Frank Mandel	Member of lone pine members llc	1 Mar 2002	Other	1329820
Mala Gaonkar	Member of lone pine members llc	1 Mar 2002	Other	6009470
David Francis Craver	Member of lone pine members llc	1 Mar 2002	Other	2772746
Marco Aurelio Tablada	Member of lone pine members llc	1 Mar 2002	Other	6009493
Kerry Ann Tyler	Member of lone pine members llc	1 Mar 2002	Other	2496840
Mala Gaonkar	Managing director	1 Jan 2003	Other	6009470
Andrea Maldon	Managing director, cfo, investment management finance	1 Jan 2005	Other	6009486
Mary E Mcdonnell	Managing director, cfo	1 Jan 2006	Other	6009487
Brian Francis Doherty	Member of lone pine associates llc	1 Mar 2006	Other	2897219
Kelly Ann Granat	Member of lone pine associates llc	1 Jan 2007	Other	6770885
Lone Pine Capital Llc	Parent of relying adviser lone pine capital (hk) limited	1 Apr 2007	75% - 100%	156602
Jeffrey Howard Wechselblatt	General counsel, chief compliance officer	1 Jul 2007	Other	6009495
David Francis Craver	Managing director	1 Jan 2008	Other	2772746
Marco Aurelio Tablada	Managing director	1 Jan 2008	Other	6009493
Brian Francis Doherty	Managing director, head trader	1 Jul 2011	Other	2897219
Lone Pine Managing Member Llc	Managing member	1 Dec 2011	Other	45-2036255
Kelly Ann Granat	Managing director	1 Jan 2017	Other	6770885
Jason Robert Cohen	Chief compliance officer	1 Mar 2018	Other	6925007

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Frank Mandel	Managing member	1 Jun 2011	75% - 100%	1329820

Based in Greenwich

The principal office where Lone Pine Capital LLC performs its advisory services is located at Two Greenwich Plaza, Greenwich, CT 06830, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (203) 618 -1400 or by fax (203) 618 -1346. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at lonepinecapital.com.