Netflix Stock – Barron’s 100 Most Influential Women in U.S. Finance: Kelly Granat
Since joining Lone Pine Capital as an analyst in 2007, Kelly Granat has risen to become one of three portfolio managers at the Greenwich, Conn.–based hedge fund with $32 billion in assets under management.
In addition to overseeing a team of analysts and directing investment decisions, Granat sits on the firm’s management committee and is involved in its environmental, social, and governance, or ESG, efforts. She is also a member of its brokerage and valuation committees.
100 Most Influential Women in U.S. Finance
Founded by Stephen Mandel in 1997, Lone Pine employs both long/short and long-only strategies, which returned 29% and 45%, respectively, in 2020. Mandel stepped back from day-to-day management of the fund in 2019, handing the reins to Granat, Mala Gaonkar, and David Craver.
Investments in e-commerce stocks like
(ticker: SHOP) and
(AMZN), streaming pioneer
(NFLX), and payments specialists
(MA) and Afterpay (APT.Australia) helped the fund deliver those returns in 2020.
Granat, 46, has been in a portfolio manager role since 2015. Before coming to Lone Pine, she had stints at J.P. Morgan Securities, Gilbert Global Equity Partners, Chilton Investment Co., and Angelo Gordon. Granat graduated from Harvard College in 1996, where she was captain of the women’s tennis team. She returned to Harvard for her M.B.A., graduating in 2002.
Write to Nicholas Jasinski at [email protected]