Eric Mindich

Last Update: 05-16-2016

Number of Stocks: 36
Number of New Stocks: 11

Total Value: $8,187 Mil
Q/Q Turnover: 30%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Eric Mindich Watch

  • John Paulson Trims Time Warner Cable, Starwood Hotels

    John Paulson (Trades, Portfolio) is the president and portfolio manager of Paulson & Co. Inc. During the first quarter he reduced or closed his shares in many stocks.


    The investor reduced his stake in Time Warner Cable Inc. (TWC) by 69.18% with an impact of -4.64% on the portfolio.

      


  • John Hussman Sells Broadcom, Cognizant

    John Hussman is the president and principal shareholder of Hussman Strategic Advisors, the investment advisory firm that manages the Hussman Funds. He is also the president of the Hussman Investment Trust. Hussman manages Hussman Strategic Growth Fund, which invests primarily in U.S. stocks, and Hussman Strategic Total Return Fund, which invests primarily in U.S. Treasury and government agency securities. These were the most heavily weighted sales during the first quarter.


    The guru closed his stake in Broadcom Corp. (BRCM) with an impact of -2.05% on the portfolio.

      


  • 7 High Quality Guru Stocks

    According to GuruFocus’ All-in-One Screener, the following stocks have a high business predictability rating and at least five gurus are shareholders in the companies.


    Jarden Corp. (JAH)

      


  • Dan Loeb's Third Point Portfolio Highly Concentrated

    Daniel Loeb´s Third Point disclosed an equity portfolio valued at some $9.86 billion at the end of the fourth quarter of 2015. The equity portfolio is mainly invested in Health Care (53%), Materials (17%) and Consumer Discretionary (11%) stocks.


    Among the 10 largest holdings from Loeb’s equity portfolio (which compose 82.43% of the total portfolio value) at the end of the fourth quarter, the three top positions are Baxter International Inc. (NYSE:BAX), Allergan PLC (NYSE:AGN) and Amgen Inc. (NASDAQ:AMGN).

      


  • High Quality Stocks: Gap, PepsiCo

    According to GuruFocus’ All-in-One Screener, the following stocks have a high business predictability rating and at least five gurus are shareholders in the companies.


    Jarden Corp. (JAH)

      


  • Eric Mindich Sells Perrigo, Microsoft and Adobe

    Eric Mindich (Trades, Portfolio), who started working at Goldman Sachs after high school and spent summers at the firm while earning a degree in economics at Harvard, manages a portfolio composed of 36 stocks with a total value of $6.35 billion. The following are his largest sales during the fourth quarter.


    The guru reduced his stake in Perrigo Co. PLC (PRGO) by 71.77%. The deal had an impact of -5.87% on the portfolio.

      


  • Undervalued, Predictable Companies Include Monsanto and Western Union

    According to GuruFocus’ All-in-One Screener, the following stocks have a high business predictability rating, and at least five gurus are shareholders in the companies.


    Akamai Technologies Inc. (AKAM)

      


  • Best Performing Guru Stocks

    The following are some of the stocks that outperformed the S&P 500 Index over the last 12 months and have been bought by gurus during the last quarter.


    Humana Inc. (HUM) has a market cap of $27.17 billion, and during the last 12 months has outperformed the S&P 500 Index by 17.9%. Currently seven gurus are holding the company that has returned 2% year-to-date and 190% during the last five years. It is now trading with a P/E ratio of 21.74 and according to the DCF calculator, it looks overpriced by 15%.

      


  • Eric Mindich Makes 10 New Buys in 4th Quarter

    Eric Mindich (Trades, Portfolio) of Eton Park Capital Management made 10 new buys in the fourth quarter. The guru made only two new buys in the third quarter.


    Mindich’s most significant new buy in the fourth quarter was the purchase of a 13,810,765-sharestake in EMC Corp. (NYSE:EMC), a Hopkinton, Massachusetts-based data storage and information security company, for an average price of $25.98 per share. The transaction had a 5.58% impact on Mindich’s portfolio.

      


  • Eric Mindich Buys Cigna, Sherwin-Williams

    Guru Eric Mindich (Trades, Portfolio) is a Harvard graduate and hedge fund manager who founded the Eton Park Capital Management in 2004. The firm primarily focuses on long term value investments, and also invests for charitable organizations, endowments, pension funds, and family offices worldwide. In the third quarter of 2015, Mindich purchased 1,132,490 shares in Cigna Corp. (NYSE:CI) and 117,500 shares in Sherwin-Williams Co. (NYSE:SHW).


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  • Eric Mindich Increases Broadcom, Microsoft Holdings

    Eton Park was founded by Eric Mindich (Trades, Portfolio) in 2004 and is a global, multi-disciplinary, team-oriented investment organization with the goal of providing investors with superior, risk-adjusted returns over the long term.


    The following are the stocks that Mindich increased during the third quarter.

      


  • Donald Smith Cuts Stakes in AerCap Holdings and American National Insurance

    Donald G. Smith is the CIO of Donald Smith (Trades, Portfolio) & Co. In 1980, Smith became the CIO of Home Insurance Company and president of Home Portfolio Advisors Inc., which he bought in 1983 and changed the name to Donald Smith (Trades, Portfolio) & Co. Inc.


    The following are the stakes that Smith reduced in the third quarter.

      


  • Eric Mindich Sells Stakes in Catamaran and Alphabet in 3rd Quarter

    Eton Park was founded in 2004 by Eric Mindich (Trades, Portfolio). It is a global alternative investment firm that seeks to provide investors with superior, risk-adjusted returns over the long term. Eton Park invests on behalf of charitable organizations, endowments, pension funds, family offices and others worldwide.


    During the third quarter Mindich sold out 11 stakes and reduced another four; the following are his largest sales during the quarter.

      


  • Mindich Continues Pattern of Selling More Stakes Than He Buys

    In 2004, Eric Mindich (Trades, Portfolio) oversaw the launch of Eton Park Capital Management, one of the largest in history at $3.5 billion. He still does things in a big way. His quarterly pattern has been to buy and sell stakes in roughly equal proportions, but the second quarter of 2015 was a little bit different. He continued, for the third straight quarter, to sell about half again as many stakes as he bought.


    Mindich sold 15 stakes in the second quarter, nearly all of which had significant impacts on his portfolio.

      


  • Delivering Alpha Panel On Global Investment Opportunities

    Delivering Alpha had a panel of investment managers hosted by Andrew Sorkins discuss global investment opportunities. The panel incluced Chris Ailman, Mary Callahan, Eric Mindich (Trades, Portfolio) and Richard Perry (Trades, Portfolio). Delivering Alpha panel hosted by Mr. Sorkins discussed the global investment challenges facing investors and how to navigate them.


    Delivering Alpha Panel:

      


  • Expedia Jumped After Beating Wall Street

    Expedia (NASDAQ:EXPE) shares jumped almost 13% to $121.44 in today´s trading day after the company´s Q2 results. The company reported stronger-than-expected revenue and earnings. Further, it received a price target increase. Revenue was up more than 15%, beating the consensus, and reported second-quarter earnings of $0.89, beating analysts' estimates of $0.84 per share. Expedia also announced it raised its September dividend to $0.24 per share, a 33% increase over its previous dividend.


    At the end of May, the stock also jumped in response to news that the firm was selling its majority stake in Chinese travel company eLong (NASDAQ:LONG) to Ctrip.com (NASDAQ:CTRP). I think this was a strategic move, apart from reducing exposure to China, because the firm can focus on valuable ideas in the long haul instead of losing time and sources in that business.

      


  • Eric Mindich Increases His Most Valuable Stake in First Quarter

    Eric Mindich (Trades, Portfolio), founder and CEO of hedge fund Eton Park Capital Management, has a history of early success. At the age of 27, he was the youngest partner in Goldman Sachs’ (NYSE:GS) history. He left Goldman Sachs a decade later to start Eton Park – one of the largest fund launches in history at $3.5 billion.


    For the first time since the financial crisis of 2007-2009, hedge funds are on the rise. Mindich has been logging a 10% return, and he was quite active in the first quarter.

      


  • Paul Singer Bets On CDK Global Inc.

    Paul Singer (Trades, Portfolio) is the founder of Elliot Management, a hedge fund composed of 73 stocks with a total value of $9,592 million. Singer is well known for taking an activist investor stance in underperforming companies, and for buying sovereign debt at a discount, including countries such as Peru, Democratic Republic of the Congo and Argentina.


    On April 30, he bought 4,197,001 shares of CDK Global Inc (CDK) at an average price of $47.92 and with an impact of 2.11% on his portfolio. With this buy he is now holding 2.62% of shares outstanding of CDK, and he became the second Guru that holds the company. Just a few months before him, the other Guru Eric Mindich bought a big stake of CDK, and he became the main holder: now he holds 2.7% of outstanding shares.

      


  • Manning & Napier Jump Into Alibaba

    Manning & Napier Advisors Inc. was founded in 1970 and as of December 31, 2014 the company was managing $47.8 billion in assets. The portfolio is composed of 369 stocks and has a Q/Q Turnover of 29%.


    During 1Q2015, the company traded many stocks, but the main addition was to Alibaba Group Holding Ltd. (BABA), with an increase of 11489.89%, which resulted in a weight of 0.65% to the portfolio. BABA is part of the Retail – Apparel & Speciality sector.

      


  • A Look at SPY´s Value at Risk

    In this article, let´s take a look at The SPDR S&P 500 ETF Trust (SPY). An ETF is a special type of fund that invests in a portfolio of stocks or bonds. The aim is to mimic the performance of a specified index. As well as the shares, they are traded in the secondary market at any time (market hours) and investors can sell short. The advantages of this investment vehicle are that they provide an efficient method of diversification because investors gain exposure to an index or a particular sector. Second, investors know the composition of the fund at all times. Moreover, as they are a passive managed fund, they have good operating expense ratios.


    The SPY ETF

      


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