Billionaire Investor Jumps From One Iconic Brand to Another With Latest Move
Portfolio Pulse from
Lone Pine Capital, led by Stephen Mandel Jr., has shifted its investment focus from Bath & Body Works (BBWI) to Starbucks (SBUX). The hedge fund sold its entire position in BBWI and invested approximately $320 million in SBUX, betting on a turnaround under CEO Brian Niccol.
February 03, 2025 | 9:00 am
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POSITIVE IMPACT
Lone Pine Capital invested $320 million in Starbucks, betting on a turnaround under new CEO Brian Niccol.
The investment in SBUX reflects confidence in the company's potential for recovery and growth under new leadership, likely boosting investor sentiment and stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Lone Pine Capital sold its entire position in Bath & Body Works, indicating a lack of confidence in the company's future growth potential.
Lone Pine's complete exit from BBWI suggests a strategic decision to reallocate capital to potentially more lucrative opportunities, negatively impacting BBWI's stock sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80