Lone Pine Puts Stock In LYV

Lone Pine Capital, a hedge fund headed up by financier Stephen Mandel, has acquired a 5.6 percent stake in Live Nation Entertainment with its acquisition of 9.56 million shares, according to an April 1 Securities and Exchange Commission filing.

The filing comes shortly after Liberty Media attempted a share offer that would have given the company a nearly 35 percent stake.

The Lone Pine Capital shares are divvied up between various funds.