Seeking Alpha
Profile| Send Message|
( followers)

Stephen Mandel's hedge fund Lone Pine Capital has disclosed a brand new position in Towers Watson (NASDAQ:TW) due to portfolio activity on November 1st, 2010. Per a 13G filed with the SEC, Lone Pine now shows a 4.0% ownership stake in TW with 1,935,435 shares. For the rest of Lone Pine's updated third quarter portfolio, subscribe to our Hedge Fund Wisdom newsletter as our next issue is only days away.

Mandel founded Lone Pine Capital after previously working at Julian Robertson's Tiger Management and Goldman Sachs. His hedge fund is named after a historical lone pine tree at his alma mater, Dartmouth College. In terms of other recent activity, Lone Pine also increased its Polo Ralph Lauren (NYSE:RL) stake.

Taken from Google Finance:

Towers Watson is a global professional services company, which helps organizations improve performance through people, risk and financial management. The Company offers solutions in the areas of employee benefits, talent management, rewards, and risk and capital management.

Disclosure: No position

Original post

Source: Lone Pine Capital Starts New Position in Towers Watson