Lone Pine Sells SPDR Gold Trust, While Adding to Priceline Stake

Lone Pine Capital LLC sold shares of SPDR Gold Trust and Apple Inc. in the third quarter, while adding to its stake in Priceline (PCLN).com Inc.

Lone Pine, run by Stephen F. Mandel Jr., sold about a third of its stake, or 1.16 million shares, of the gold-backed exchange-traded product, according to a regulatory filing today. The Greenwich, Connecticut-based hedge fund sold its entire stakes in database-management firm Teradata Corp. and hospital operator HCA Holdings Inc. (HCA) In addition to Apple, it also sold shares of technology firms Google Inc. and EBay Inc.

Lone Pine added 288,269 shares of online travel company Priceline, its largest holding, and 2.09 million shares of Cognizant Technology Solutions Corp., according to the Form 13F filing.

New holdings in the quarter included a 9.4 million share stake in internet company VeriSign Inc. (VRSN), 5.75 million shares of online travel research firm TripAdvisor Inc. and 7.22 million shares of Dunkin’ Brands Group Inc.

Money managers who oversee more than $100 million in equities must file a Form 13F with the Securities and Exchange Commission within 45 days of each quarter’s end to list their U.S.-traded stocks, options and convertible bonds. The filings don’t show non-U.S. securities or how much cash the firms hold.

To contact the reporter on this story: Hugh Son in New York at hson1@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net

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