Hot Hedge Fund Activity: Lone Pine Capital’s 4 Biggest Basic Material Stocks

Following is information regarding Lone Pine Capital’s top holdings in the Basic Materials sector for the third quarter of 2011.

  • Schlumberger Limited (NYSE:SLB): On 6/30/11 Lone Pine Capital reported holding 4,086,591 shares with a market value of $353,081,469. This comprised 2.71% of the total portfolio. On 9/30/11, Lone Pine Capital held 6,041,581 shares with a market value of $360,863,630. This comprised 3.00% of the total portfolio. The net change in shares for this position over the two quarters is 1,954,990. About the company: Schlumberger Limited is an oil services company. The Company, through its subsidiaries, provides a wide range of services, including technology, project management and information solutions to the international petroleum industry as well as advanced acquisition and data processing surveys.
  • Monsanto Co. (NYSE:MON): On 6/30/11 Lone Pine Capital reported holding 5,082,322 shares with a market value of $368,671,643. This comprised 2.83% of the total portfolio. On 9/30/11, Lone Pine Capital held 5,219,837 shares with a market value of $313,399,018. This comprised 2.61% of the total portfolio. The net change in shares for this position over the two quarters is 137,515. About the company: Monsanto Company provides agricultural products for farmers. The Company’s business segments are seeds and genomics. Monsanto produces a wide range of seeds and develops biotechnology traits that assist farmers in controlling insects and weeds as well as provides other seed companies with genetic material and biotechnology traits for their seed brands.
  • Oceaneering International, Inc. (NYSE:OII): On 6/30/11 Lone Pine Capital reported holding 483,693 shares with a market value of $19,589,567. This comprised 0.15% of the total portfolio. On 9/30/11, Lone Pine Capital held 6,043,228 shares with a market value of $213,567,678. This comprised 1.78% of the total portfolio. The net change in shares for this position over the two quarters is 5,559,535. About the company: Oceaneering International, Inc. is a global provider of engineered services and products to the offshore oil and gas industry. The Company offers services and products in remotely operated vehicles, mobile offshore production systems, engineering and product management, manned diving and other deep water applications. Oceaneering also serves the defense and aerospace industries.
  • International Flavors & Fragrances Inc. (NYSE:IFF): On 6/30/11 Lone Pine Capital reported holding 2,742,507 shares with a market value of $176,178,644. This comprised 1.35% of the total portfolio. On 9/30/11, Lone Pine Capital held 2,992,507 shares with a market value of $168,238,747. This comprised 1.40% of the total portfolio. The net change in shares for this position over the two quarters is 250,000. About the company: International Flavors & Fragrances Inc. creates and manufactures flavor and fragrance products. The Company’s fragrance products are sold to manufacturers of perfumes, cosmetics, soaps and detergents, and its flavor products to manufacturers of prepared foods, beverages, dairy foods, pharmaceuticals, and confectionery products.

(Note: Data regarding Lone Pine Capital’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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