Eric Mindich

Last Update: 11-16-2015

Number of Stocks: 29
Number of New Stocks: 2

Total Value: $5,742 Mil
Q/Q Turnover: 20%

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

Eric Mindich Watch

  • 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).



  • 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 (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


  • 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 (NASDAQ: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. (NYSE: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 (NYSE: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 (NYSE: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. (NYSE: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. (NYSE: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 (NYSE: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. (NASDAQ: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) (NYSE:SNE)’s PS4 and Microsoft Corporation (NASDAQ: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 (NYSE: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%.  

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