You know a billionaire investor must be good when other billionaire investors compliment him, and Stephen Mandel has been called “probably the greatest analyst of all time” by fellow billionaire hedge fund founder Julian Robertson.
Mandel’s Lone Pine Capital has more than $14 billion under management, and it just reported its latest buys. In a surprise move, it increased its stake in an under-the-radar energy company by 40.5%, even though that company’s stock is already up 80% since April.
Here’s what Vistra Corporation (NYSE: VST) does, and why Mandel’s new No. 1 holding might soar even higher.