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Lone Pine Capital, led by renowned investor Steve Mandel (Trades, Portfolio), has recently increased its stake in Dick's Sporting Goods Inc (NYSE:DKS), signaling a strategic move within its investment portfolio. The transaction, which took place on December 31, 2023, involved the acquisition of 2,922,910 shares in the prominent sporting goods retailer. This addition reflects Lone Pine Capital's confidence in DKS and its potential for growth within the retail-cyclical industry.