On the heels of Libery Media’s attempt to gain a 35 percent stake of Live Nation Entertainment, an investment hedge fund has bought nearly...

On the heels of Libery Media’s attempt to gain a 35 percent stake of Live Nation Entertainment, an investment hedge fund has bought nearly 6 percent of the ticketing and live entertainment giant.

Lone Pine Capital recently acquired more than 9.5 million shares of Live Nation stock, which trades under the symbol LYV, and as of today, April 6, the stock was selling for more than $15 per share, bringing the value of the shares to more than $148 million.

Since before the company’s merger with Ticketmaster, the price of Live Nation’s stock has grown significantly. Over the past year, the bulk of which saw the company weathering an exhaustive federal review of the merger, the stock has gone from $2.66 per share to $15.46, as of this afternoon, or an increase of nearly 480 percent. Track Live Nation’s stock on the TicketNews Ticket Industry Stock Market Quotes page.

Among the other companies Lone Pine Capital holds stakes in include StubHub parent company eBay (EBAY), Marvel Entertainment (MVL), Walt Disney (DIS), Yum Brands (YUM) and Wells Fargo (WFC). According to the investment Web site Market Folly, Lone Pine Capital “is focused on investments in outsourcing, smartphones, emerging market consumer-driven companies, national and global financial service leaders and internet-enabled business disrupters.”

Lone Pine Capital, located in Greenwich, CT, was founded by billionaire hedge fund investor Stephen Mandel.