Lone Pine Buys Virgin Media in Quarter, Cuts Walt Disney Stake

Lone Pine Capital LLC bought Virgin Media Inc. (VMED) and H&R Block Inc. in the first quarter, while cutting its holdings in Walt Disney Co.

Lone Pine, run by Stephen Mandel Jr., purchased 5.66 million shares of New York-based Virgin Media and 6.75 million shares of Kansas City, Missouri-based tax preparer H&R Block, the firm said today in a filing.

Lone Pine, based in Greenwich, Connecticut, sold its entire stake of 2.88 million shares of Crown Castle International Corp. (CCI), a Houston-based wireless communication company, according to the Form 13F filing.

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: Laura Marcinek in New York at lmarcinek3@bloomberg.net

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

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