Lone Pine Capital Adds Dick’s Sporting Goods To Its Retail Roster

Lone Pine Capital, the hedge fund founded by Steve Mandel in 1997, revealed a stake in Dick’s Sporting Goods Inc. earlier this week.

The Greenwich, Connecticut-based firm uses a long-short strategy that focuses on bottom-up, fundamental analysis to pick stocks. Combining growth and value strategies, the firm, whose founder was a former “tiger cub” Julian Robertson, is known to not hold positions for very long. Read more at Forbes.