Eric Mindich

Last Update: 05-15-2015

Number of Stocks: 34
Number of New Stocks: 15

Total Value: $3,461 Mil
Q/Q Turnover: 39%

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

Eric Mindich Watch

  • 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

      


  • 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.

      


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