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During the coronavirus market turmoil, billionaire hedge fund manager Stephen Mandel was building a portfolio concentrated in e-commerce and internet bets, which turned out to be winners so far this year.

Mandel founded Lone Pine Capital in 1996 and boasts one of the best long-term track records in the industry. The fund has returned an annualized 19.5% since starting in 1997, Mandel said in an investor letter previously.

CNBC Pro looked at Lone Pine’s latest filing with the Securities and Exchange Commission, which reveals its long positions as of the end of the first quarter. Here are the hedge fund’s biggest bets.

Originally published at CNBC

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