Eric Mindich

Last Update: 2015-02-17

Number of Stocks: 56
Number of New Stocks: 7

Total Value: $7,075 Mil
Q/Q Turnover: 17%

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

Eric Mindich Watch

  • Eric Mindich Increases Stake in Riverbed Technology

    Eric Mindich (Trades, Portfolio), founder of hedge fund Eton Park and famous for becoming at age 27 the youngest partner at Goldman Sachs, increased his stake in Riverbed Technology (RVBD) on Sept. 18, according to GuruFocus Real Time Picks.  


  • Income Investors May Find Lorillard's Dividend Yield Very Attractive

    In this article, let's take a look at Lorillard, Inc. (LO), a $21.76 billion market cap company, which is the third-largest U.S. tobacco company and the leading manufacturer and marketer of menthol cigarettes.


    A leader in the menthol category

      


  • Dreman and Barrow Are Betting on SeaDrill, But I Wouldn´t

    According to GuruFocus Guru Trades, on June 30, David Dreman (Trades, Portfolio) and James Barrow (Trades, Portfolio) took a long position on SeaDrill Limited (SDRL).


    The company, a $17.47 billion market cap, has a trailing P/E ratio that indicates that the stock is relatively undervalued. So one question arises, why are these hedge fund managers betting on it?

      


  • You Should Take a Closer Look at CBS Corporation

    CBS Corporation (CBS) is a mass media company. The company operates in the following segments: entertainment segment (55% of 2013 revenue) consists of the CBS Television Network, CBS Television Studios and CBS Global Distribution Group, CBS Films, and CBS Interactive; Cable Networks (11%), which is composed of Showtime Networks, CBS Sports Network, and Smithsonian Networks; Publishing (5%), which consists of Simon & Schuster; Local Broadcasting (18%), which is composed of CBS Television Stations and CBS Radio; and Outdoor Americas (9%), which provides advertising space on various structures, including billboards, transit shelters and benches, buses, rail systems, mall kiosks, stadium signage, and in retail stores.


    In this article, let's take a look at this company and try to explain to investors the reasons this is an apparently appealing investment opportunity.

      


  • Can GameStop Adapt to New Challenges?

    GameStop Corp. (GME) is a video game retailer. The company sells video game hardware and software, accessories, as well as personal computer (PC) entertainment software and other merchandise.


    So let's take a look at this company and try to explain to investors the reasons this is an apparently appealing investment in the videogame industry which is highly competitive and shoppers have many alternatives to buy.

      


  • Family Dollar Facing Exogenous Threats

    Family Dollar Stores Inc. (FDO) operates a chain of general merchandise retail discount stores, providing consumers with a selection of merchandise in neighborhood stores. The company’s merchandise assortment includes Consumables, Home Products, Apparel and Accessories, and Seasonal and Electronics.


    Macroeconomic Factors

      


  • Highly Active Gurus on This Stock, Should You Act?

    During the last quarter of 2013, four gurus chose Air Products & Chemicals (APD) for a new investment. Paul Tudor Jones (Trades, Portfolio) and Jeremy Grantham (Trades, Portfolio) were the smaller investors with 6,799 and 10,700 shares respectively, when compared to Renaissance Technologies and Eric Mindich (Trades, Portfolio)’s purchase of 149,600 and 686,031 each. The largest shareholder remains Bill Ackman (Trades, Portfolio) with 20,545,284 shares, a position reached through the second half of 2013. On the other hand, Steven Cohen (Trades, Portfolio) and Whitney Tilson (Trades, Portfolio) are the two gurus which sold part of their stake in the firm at the end of the same year. In all, total stock purchases by gurus exceeded total sales throughout 2013 confirming the company’s good moment. Let us see whether the momentum will sustain it to be worth a long-term investment.


    Reporting and Expanding

      


  • After Some Bumps in the Road, Activision Is Back

    When Activision Blizzard Inc. (ATVI) was formed in 2008, nobody could predict that it would become the world’s largest video game publisher in just five years. However, that’s exactly what happened and today, the company’s franchise portfolio has earned it historical records like the “Call of Duty” game launch, which achieved the highest first-day sales in the entire entertainment industry. But this firm’s success doesn’t lie exclusively in the past, as 2013’s profitability exceeded expectations, making Activision the top console and handheld publisher of the year.


    Although consumers are currently transitioning from their previous consoles to Sony Corporation (ADR) (SNE)’s PS4 and Microsoft Corporation (MSFT)’s Xbox One, thereby temporarily redirecting spending from software to hardware, the popular game franchise is bound to pick up again in the second quarter of 2014. Furthermore, the company’s recent focus on releasing downloadable content (DLC) has been successful, generating a secondary revenue stream and extending user engagement. The result has been highly positive, as seen in the multibillion dollar franchises WoW and CoD.

      


  • Eton Park Review - Eric Mindich Sells NLSN, FOXA, PCLN, DG, Others

    Eton Park's Eric Mindich is averaging a 12-month return of 30.64%, according to the GuruFocus Scoreboard. The multi-strategy hedge fund Eton Park Capital Management LP has an updated portfolio of 39 stocks, nine of them new, a total value at $4.5 billion, with a quarter-over-quarter turnover of 17%. The portfolio is weighted with top three sectors: consumer cyclical at 24.8%, communication services at 19.4% and consumer defensive at 16.1%.

    Here are four high-impact sells made by Eric Mindich in the third quarter of 2013, starting with his major impact sell out of Nielsen Holdings NV (NLSN), recently completing its acquisition of Arbitron. The company reported third quarter 2013 financial results with revenue of $1.38 billion, up 2.7%. Nielsen’s adjusted EBITDA increased by 4.2% for the quarter, at $398 million. Up 52.3% for the third quarter of 2013, the company’s income from continuing operations was $131 million. Adjusted net income was reported at $193 million or $0.50 per share, reflecting an increase of 17%.  


  • Stocks That Eton Park Keeps Buying

    Eric Mindich operates Eton Park Capital, a multi-strategy hedge fund that invests in both public and private markets. Before Eton Park Capital, Eric worked for Goldman Sachs where he even became a partner at the age of 27.

    Turning back to his hedge fund, up to 30% of it can be invested in private market transactions. Investors committed their capital for about three to five years – considerably longer than what is expected in hedge funds. Investors have to invest at least $5 million and pay an annual management fee of 2% plus 20% of all profits.  


  • Monday Value Overview

    There was a lot of activity today with 13F filings and buyouts. Carl Icahn did well with Motorola Mobility’s (MMI) buyout offer from Google (GOOG). I also have information on Motorola Solutions (MSI), Biogen (BIIB), Clorox (CLX), Berkshire Hathaway (BRK.B), Dollar General (DG), and Verisk Analytics (VRSK). Footnoted.com has some great information on Sterling Construction (STRL), Lincoln Educational Services (LINC), and BPZ Resources (BPZ). We close out with some action from Tiger Management about Teva Pharmaceutical (TEVA), Concho Resources (CXO), LyondellBasell (LYB), and ChinaCache International Holdings (CCIH).

    Carl Icahn strikes again, making about $350 million today. Not bad for a day’s work. Icahn owns about 27 million shares of Motorola Mobility and Google kicked off the day by announcing a $40 per share offer of the handset maker. It appears Google is particularly interested in MMI’s patents and will operate the company as a stand-alone subsidiary. There’s about a 5% spread still on the table. I haven’t seen Icahn’s Q2 picks yet, but at the end of Q1 Icahn’s top holdings were Motorola Solutions, Biogen, Clorox, and then MMI.  


  • Hedge Fund Eton Park Capital Buys YPF, KG, MR, GRMN, GENZ, C, TWX, Sells POT, SNI, MFE, EBAY, PBR

    Eric Mindich at hedge fund Eton Park Capital Management reported his Q4 portfolio. As of 12/31/2010, Eton Park Capital Management, L.P. owns 95 stocks with a total value of $12.1 billion. These are the details of the buys and sells.

    Eric Mindich (1967- ) started working at Goldman Sachs after high school, and spent summers at the firm while earning a degree in economics at Harvard. In 1994, at the age of 27, he became the youngest partner in Goldman. He invests in both long and short positions.  


  • Hedge Fund Eton Park Buys POT, MFE, GENZ, JPM, BAX, Sells GS, VRSN, SPLS, GLD, FIS

    Eric Mindich’s hedge fund Eton Park Capital just reported his Q3 portfolio, these are the details of buys and sells.

    Eric Mindich (1967- ) started working at Goldman Sachs after high school, and spent summers at the firm while earning a degree in economics at Harvard. In 1994, at the age of 27, he became the youngest partner in Goldman. He invests in both long and short positions.  


  • Washingto Post: Investment Gurus Who Invest in Gold

    Several Investment Gurus that we track at GuruFocus were mentioned in this August 31, 2010 Washington Post article for their investment in gold:
    George Soros:
    One of the biggest buyers has been Soros Fund Management LLC, which oversees about $25 billion. George Soros, who made $1 billion breaking the Bank of England's defense of the pound in 1992, described gold as "the ultimate asset bubble" at the World Economic Forum's January meeting in Davos, Switzerland. Buying at the start of a bubble is "rational," he said.

    Soros Fund Management sold 341,250 shares of the SPDR Gold Trust, the largest ETP backed by bullion, in the second quarter, according to an Aug. 16 Securities and Exchange Commission filing. That still left a holding of 5.24 million shares, equal to almost 16 tons. Soros declined to comment on the change, through a spokesman.
      


  • Eton Park Capital Buys Apple Inc., Baxter International, Aetna Inc., Sells Cocacola Enterprises Inc., Comcast Corp., Kraft Foods Inc.

    Hedge fund Eton Park Capital, founded by former Goldman Sachs partner Eric Mindich, reported their second quarter holdings recently. These are the buys and sells during the quarter.

    Eric Mindich started working at Goldman Sachs after high school, and spent summers at the firm while earning a degree in economics at Harvard. In 1994, at the age of 27, he became the youngest partner in Goldman. He invests in both long and short positions.  


  • View on ARG

    sell sell sell  


  • Hedge Fund Eton Park Capital Buys Bank Of America Corp., Airgas Inc., Goldman Sachs Group Inc., Sells Aetna Inc., XTO Energy Inc., Visa Inc.

    Eric Mindich’s hedge fund Eton Park Capital just reported his Q1 portfolio, these are the details of buys and sells.

    Eric Mindich (1967- ) started working at Goldman Sachs after high school, and spent summers at the firm while earning a degree in economics at Harvard. In 1994, at the age of 27, he became the youngest partner in Goldman. He invests in both long and short positions.  


  • Hedge Fund Eton Park Capital Buys Citigroup Inc., Lear Corp., Staples Inc., Sells Alcoa Inc., Unitedhealth Group Inc., Cigna Corp.

    Hedge Fund Eton Park Capital is run by Eric Mindich, who owns 70% of positions in long, and 30% of positions in call/put options. In the past quarter, he has done a lot of buying. Eton Park Capital Management, L.P. owns 85 stocks with a total value of $10 billion. These are the details of the buys and sells.

    For the details of Eric Mindich's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Eric+Mindich  


  • Top Option Positions of Eric Mindich: Puts or Calls for Pifzer, IMCSI Emerging Markets Index Fund, Caterpillar, Comcast Corp., UnitedHealth Group

    (GuruFocus, January 26, 2010) Investment Guru Eric Mindich was a wonder kid in the investing work. He started working at Goldman Sachs after high school, and spent summers at the firm while earning a degree in economics at Harvard. In 1994, at the age of 27, he became the youngest partner in Goldman's history. He learned the trading business on Goldman's risk-arbitrage desk betting on corporate mergers.

    In late 2004, he succeeded in launching a hedge fund, named Eton Park Capital Management, sized at more than $3 billion, making it one of the largest start-up funds on record. The successful start of the fund came despite heavy fees and other difficult terms for potential investors. For example, investors had to invest their money in the fund for as long as 4½ years to avoid a 6% redemption fee. Mindich's investors also had to invest at least $5 million and pay fees of "2 and 20," an annual management fee of 2% plus 20% of all profits.  


  • View on Eric Mindich

    good good  


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