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Hedge Fund Eton Park Reports Q1 Portfolio; Sells Citi, Gold

Hedge fund Eton Park Capital, founded by former Goldman Sachs partner Eric Mindich, reported their first quarter holdings recently. These are the buys and sells during the quarter. As of 03/31/2011, Eton Park Capital Management, L.P. owns 94 stocks with a total value of $11.1 billion. These are the details of the buys and sells.

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.

Eton Park Capital’s multi-strategy hedge fund invests in both the public and private markets. Up to 30% of the fund can be invested in private market transactions, and investors in the fund generally have committed their capital for between three and five years—considerably longer than the quarterly redemption notices that are characteristic of many hedge funds. Investors have to invest at least $5 million and pay fees of "2 and 20," an annual management fee of 2% plus 20% of all profits.

This is the portfolio chart of Eric Mindich. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



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

This is the sector weightings of his portfolio:

Consumer Services 17.3%
Financials 15.8%
Industrials 13.6%
Oil & Gas 12.4%
Health Care 10.3%
Technology 5.3%
Basic Materials 5.2%
Utilities 1.7%
Consumer Goods 1.5%
Telecommunications 0.5%


These are the top 5 holdings of Eric Mindich

  1. VIACOM INC. (VIA.B) - 15,050,000 shares, 6.31% of the total portfolio. Shares added by 7.5%
  2. YPF SOCIEDAD ANONIMA (YPF) - 9,775,857 shares, 3.93% of the total portfolio. Shares added by 34.36%
  3. MORGAN STANLEY (MS) - 15,000,000 shares, 3.7% of the total portfolio.
  4. JP Morgan Chase (JPM) - 8,412,000 shares, 3.5% of the total portfolio.
  5. NIELSEN HOLDINGS N.V. (NLSN) - 12,000,000 shares, 2.96% of the total portfolio. Shares added by 10000%


Added: Ypf Sociedad Anonima (YPF)

Eric Mindich added to his holdings in Ypf Sociedad Anonima by 34.36%. His purchase prices were between $41.43 and $54.58, with an estimated average price of $49.62. The impact to his portfolio due to this purchase was 1.01%. His holdings were 9,775,857 shares as of 03/31/2011.

Added: Williams Companies (WMB)

Eric Mindich added to his holdings in Williams Companies by 341.43%. His purchase prices were between $24.53 and $31.45, with an estimated average price of $28.19. The impact to his portfolio due to this purchase was 0.59%. His holdings were 2,703,775 shares as of 03/31/2011.

Added: Electronic Arts Inc. (ERTS)

Eric Mindich added to his holdings in Electronic Arts Inc. by 275%. His purchase prices were between $15 and $19.84, with an estimated average price of $17.67. The impact to his portfolio due to this purchase was 0.48%. His holdings were 3,750,000 shares as of 03/31/2011.

Added: Viacom Inc. (VIA.B)

Eric Mindich added to his holdings in Viacom Inc. by 7.5%. His purchase prices were between $39.61 and $47, with an estimated average price of $43.67. The impact to his portfolio due to this purchase was 0.44%. His holdings were 15,050,000 shares as of 03/31/2011.

Added: Bp P.l.c. (BP)

Eric Mindich added to his holdings in Bp P.l.c. by 22.43%. His purchase prices were between $43.25 and $49.25, with an estimated average price of $46.68. The impact to his portfolio due to this purchase was 0.24%. His holdings were 3,275,000 shares as of 03/31/2011.

Added: El Paso Corp. (EP)

Eric Mindich added to his holdings in El Paso Corp. by 44.96%. His purchase prices were between $13.5 and $18.6, with an estimated average price of $16.38. The impact to his portfolio due to this purchase was 0.2%. His holdings were 4,030,000 shares as of 03/31/2011.

Added: Pfizer Inc. (PFE)

Eric Mindich added to his holdings in Pfizer Inc. by 12.37%. His purchase prices were between $17.51 and $20.38, with an estimated average price of $19.07. The impact to his portfolio due to this purchase was 0.14%. His holdings were 6,854,346 shares as of 03/31/2011.

New Purchase: Nielsen Holdings N.v. (NLSN)

Eric Mindich initiated holdings in Nielsen Holdings N.v.. His purchase prices were between $25 and $27.94, with an estimated average price of $26.4. The impact to his portfolio due to this purchase was 2.96%. His holdings were 12,000,000 shares as of 03/31/2011.

New Purchase: Marathon Oil Corp. (MRO)

Eric Mindich initiated holdings in Marathon Oil Corp.. His purchase prices were between $37.03 and $52.95, with an estimated average price of $46.55. The impact to his portfolio due to this purchase was 1.62%. His holdings were 3,370,000 shares as of 03/31/2011.

New Purchase: Dollar Tree Inc. (DLTR)

Eric Mindich initiated holdings in Dollar Tree Inc.. His purchase prices were between $49.26 and $56.55, with an estimated average price of $52.1. The impact to his portfolio due to this purchase was 0.97%. His holdings were 1,930,000 shares as of 03/31/2011.

New Purchase: Citigroup Inc. (C.WS.A)

Eric Mindich initiated holdings in Citigroup Inc.. His purchase prices were between $0.89 and $1.03, with an estimated average price of $0.96. The impact to his portfolio due to this purchase was 0.89%. His holdings were 107,662,210 shares as of 03/31/2011.

New Purchase: Cephalon Inc. (CEPH)

Eric Mindich initiated holdings in Cephalon Inc.. His purchase prices were between $54.49 and $75.44, with an estimated average price of $58.76. The impact to his portfolio due to this purchase was 0.83%. His holdings were 1,208,000 shares as of 03/31/2011.

New Purchase: Family Dollar Stores Inc (FDO)

Eric Mindich initiated holdings in Family Dollar Stores Inc. His purchase prices were between $41.38 and $53.25, with an estimated average price of $47.48. The impact to his portfolio due to this purchase was 0.82%. His holdings were 1,782,300 shares as of 03/31/2011.

New Purchase: Itt Corp. (ITT)

Eric Mindich initiated holdings in Itt Corp.. His purchase prices were between $52.11 and $61.5, with an estimated average price of $57.55. The impact to his portfolio due to this purchase was 0.79%. His holdings were 1,450,000 shares as of 03/31/2011.

New Purchase: Massey Energy Company (MEE)

Eric Mindich initiated holdings in Massey Energy Company. His purchase prices were between $52.71 and $68.51, with an estimated average price of $61.1. The impact to his portfolio due to this purchase was 0.74%. His holdings were 1,195,000 shares as of 03/31/2011.

New Purchase: Sunoco Inc. (SUN)

Eric Mindich initiated holdings in Sunoco Inc.. His purchase prices were between $38.62 and $46.23, with an estimated average price of $42.42. The impact to his portfolio due to this purchase was 0.6%. His holdings were 1,450,000 shares as of 03/31/2011.

New Purchase: Ebay Inc. (EBAY)

Eric Mindich initiated holdings in Ebay Inc.. His purchase prices were between $27.695 and $34.69, with an estimated average price of $31.12. The impact to his portfolio due to this purchase was 0.56%. His holdings were 2,000,000 shares as of 03/31/2011.

New Purchase: Big Lots Inc. (BIG)

Eric Mindich initiated holdings in Big Lots Inc.. His purchase prices were between $30.41 and $43.59, with an estimated average price of $37.56. The impact to his portfolio due to this purchase was 0.49%. His holdings were 1,250,000 shares as of 03/31/2011.

New Purchase: Cvr Energy Inc. (CVI)

Eric Mindich initiated holdings in Cvr Energy Inc.. His purchase prices were between $14.65 and $22.85, with an estimated average price of $18.36. The impact to his portfolio due to this purchase was 0.49%. His holdings were 2,329,452 shares as of 03/31/2011.

New Purchase: Hca Holdings Inc. (HCA)

Eric Mindich initiated holdings in Hca Holdings Inc.. His purchase prices were between $30.91 and $34.24, with an estimated average price of $32.28. The impact to his portfolio due to this purchase was 0.46%. His holdings were 1,500,000 shares as of 03/31/2011.

New Purchase: Iron Mountain (IRM)

Eric Mindich initiated holdings in Iron Mountain. His purchase prices were between $24.39 and $31.42, with an estimated average price of $26.51. The impact to his portfolio due to this purchase was 0.44%. His holdings were 1,563,000 shares as of 03/31/2011.

New Purchase: Cemex S.a.b. De C.v. (CX)

Eric Mindich initiated holdings in Cemex S.a.b. De C.v.. His purchase prices were between $8.14423 and $10.5481, with an estimated average price of $9.2. The impact to his portfolio due to this purchase was 0.42%. His holdings were 5,200,000 shares as of 03/31/2011.

New Purchase: Bj Wholesale Club Inc. (BJ)

Eric Mindich initiated holdings in Bj Wholesale Club Inc.. His purchase prices were between $43.01 and $49.71, with an estimated average price of $47.33. The impact to his portfolio due to this purchase was 0.39%. His holdings were 877,400 shares as of 03/31/2011.

New Purchase: Petroleo Brasileiiro Sa Petrobras (PBR)

Eric Mindich initiated holdings in Petroleo Brasileiiro Sa Petrobras. His purchase prices were between $35.41 and $41.57, with an estimated average price of $38.28. The impact to his portfolio due to this purchase was 0.39%. His holdings were 1,075,000 shares as of 03/31/2011.

New Purchase: Sra International Inc. 4 (SRX)

Eric Mindich initiated holdings in Sra International Inc. 4. His purchase prices were between $20.45 and $28.6, with an estimated average price of $26.41. The impact to his portfolio due to this purchase was 0.33%. His holdings were 1,284,100 shares as of 03/31/2011.

New Purchase: Smurfitstone Container Corp (SSCC)

Eric Mindich initiated holdings in Smurfitstone Container Corp. His purchase prices were between $25.6 and $40.01, with an estimated average price of $35.53. The impact to his portfolio due to this purchase was 0.29%. His holdings were 840,000 shares as of 03/31/2011.

New Purchase: Dollar Thrifty Automotive (DTG)

Eric Mindich initiated holdings in Dollar Thrifty Automotive. His purchase prices were between $47.26 and $66.26, with an estimated average price of $52.69. The impact to his portfolio due to this purchase was 0.08%. His holdings were 125,000 shares as of 03/31/2011.

New Purchase: Citigroup Inc. (C.WS.B)

Eric Mindich initiated holdings in Citigroup Inc.. His purchase prices were between $0.1815 and $0.2595, with an estimated average price of $0.24. The impact to his portfolio due to this purchase was 0.06%. His holdings were 34,507,284 shares as of 03/31/2011.

New Purchase: Cubic Corp. (CUB)

Eric Mindich initiated holdings in Cubic Corp.. His purchase prices were between $45.81 and $57.75, with an estimated average price of $50.41. The impact to his portfolio due to this purchase was 0.04%. His holdings were 76,500 shares as of 03/31/2011.

New Purchase: Hertz Global Holdings Inc. (HTZ)

Eric Mindich initiated holdings in Hertz Global Holdings Inc.. His purchase prices were between $13.68 and $16.52, with an estimated average price of $15.05. The impact to his portfolio due to this purchase was 0.04%. His holdings were 300,000 shares as of 03/31/2011.

New Purchase: Caci International Cla (CACI)

Eric Mindich initiated holdings in Caci International Cla. His purchase prices were between $51.6 and $61.86, with an estimated average price of $56.82. The impact to his portfolio due to this purchase was 0.03%. His holdings were 50,000 shares as of 03/31/2011.

Reduced: Spdr Gold Trust Spdr Gold (GLD)

Eric Mindich reduced to his holdings in Spdr Gold Trust Spdr Gold by 48.19%. His sale prices were between $127.925 and $140.34, with an estimated average price of $135.37. The impact to his portfolio due to this sale was -2.73%. Eric Mindich still held 2,328,000 shares as of 03/31/2011.

Reduced: Verisk Analytics Inc. (VRSK)

Eric Mindich reduced to his holdings in Verisk Analytics Inc. by 60%. His sale prices were between $30.97 and $34.47, with an estimated average price of $33.08. The impact to his portfolio due to this sale was -1.34%. Eric Mindich still held 3,000,000 shares as of 03/31/2011.

Reduced: Cit Group Inc. New (CIT)

Eric Mindich reduced to his holdings in Cit Group Inc. New by 91.49%. His sale prices were between $41.82 and $49.01, with an estimated average price of $45.21. The impact to his portfolio due to this sale was -1.18%. Eric Mindich still held 281,572 shares as of 03/31/2011.

Reduced: Airgas Inc. (ARG)

Eric Mindich reduced to his holdings in Airgas Inc. by 31.08%. His sale prices were between $60.87 and $66.78, with an estimated average price of $63.33. The impact to his portfolio due to this sale was -1.12%. Eric Mindich still held 4,145,191 shares as of 03/31/2011.

Reduced: Terex Corp. (TEX)

Eric Mindich reduced to his holdings in Terex Corp. by 44.83%. His sale prices were between $28.8 and $38.3, with an estimated average price of $34.18. The impact to his portfolio due to this sale was -1.09%. Eric Mindich still held 4,000,000 shares as of 03/31/2011.

Reduced: Comcast Corp. Special (CMCSK)

Eric Mindich reduced to his holdings in Comcast Corp. Special by 36.8%. His sale prices were between $20.81 and $24.33, with an estimated average price of $22.55. The impact to his portfolio due to this sale was -1.07%. Eric Mindich still held 8,717,596 shares as of 03/31/2011.

Reduced: Baxter International Inc. (BAX)

Eric Mindich reduced to his holdings in Baxter International Inc. by 57.5%. His sale prices were between $48.38 and $53.91, with an estimated average price of $51.16. The impact to his portfolio due to this sale was -0.97%. Eric Mindich still held 1,487,500 shares as of 03/31/2011.

Reduced: Vimpelcom Ltd (VIP)

Eric Mindich reduced to his holdings in Vimpelcom Ltd by 70.65%. His sale prices were between $13.66 and $15.69, with an estimated average price of $14.39. The impact to his portfolio due to this sale was -0.72%. Eric Mindich still held 2,330,000 shares as of 03/31/2011.

Reduced: Time Warner Inc. (TWX)

Eric Mindich reduced to his holdings in Time Warner Inc. by 44.44%. His sale prices were between $31.45 and $38.2, with an estimated average price of $35.07. The impact to his portfolio due to this sale was -0.51%. Eric Mindich still held 2,000,000 shares as of 03/31/2011.

Reduced: Amdocs Ltd. (DOX)

Eric Mindich reduced to his holdings in Amdocs Ltd. by 21.2%. His sale prices were between $27.09 and $30.35, with an estimated average price of $28.96. The impact to his portfolio due to this sale was -0.51%. Eric Mindich still held 7,250,000 shares as of 03/31/2011.

Reduced: Sterlite Industries Ltd. (SLT)

Eric Mindich reduced to his holdings in Sterlite Industries Ltd. by 80.6%. His sale prices were between $13.88 and $17.21, with an estimated average price of $14.94. The impact to his portfolio due to this sale was -0.5%. Eric Mindich still held 888,800 shares as of 03/31/2011.

Reduced: Ncr Corp. (NCR)

Eric Mindich reduced to his holdings in Ncr Corp. by 25.37%. His sale prices were between $15.37 and $19.81, with an estimated average price of $17.98. The impact to his portfolio due to this sale was -0.24%. Eric Mindich still held 4,214,300 shares as of 03/31/2011.

Reduced: National Fuel Gas Co. (NFG)

Eric Mindich reduced to his holdings in National Fuel Gas Co. by 35.81%. His sale prices were between $65.62 and $73.43, with an estimated average price of $69.99. The impact to his portfolio due to this sale was -0.2%. Eric Mindich still held 529,600 shares as of 03/31/2011.

Reduced: Yum Brands Inc. (YUM)

Eric Mindich reduced to his holdings in Yum Brands Inc. by 42.22%. His sale prices were between $46.4 and $52.85, with an estimated average price of $49.9. The impact to his portfolio due to this sale was -0.15%. Eric Mindich still held 455,000 shares as of 03/31/2011.

Reduced: Yamana Gold Inc. (AUY)

Eric Mindich reduced to his holdings in Yamana Gold Inc. by 32.78%. His sale prices were between $11.04 and $12.99, with an estimated average price of $12.12. The impact to his portfolio due to this sale was -0.11%. Eric Mindich still held 2,051,000 shares as of 03/31/2011.

Sold Out: Citigroup Inc. (C)

Eric Mindich sold out his holdings in Citigroup Inc.. His sale prices were between $43.9 and $51.3, with an estimated average price of $47.29.

Sold Out: Ishares Msci Emerging Market Income Etf (EEM)

Eric Mindich sold out his holdings in Ishares Msci Emerging Market Income Etf. His sale prices were between $44.6 and $48.32, with an estimated average price of $46.55.

Sold Out: Scripps Networks Interactive Inc. (SNI)

Eric Mindich sold out his holdings in Scripps Networks Interactive Inc.. His sale prices were between $45.99 and $53.36, with an estimated average price of $49.65.

Sold Out: Zimmer Holdings Inc. (ZMH)

Eric Mindich sold out his holdings in Zimmer Holdings Inc.. His sale prices were between $52.59 and $63.73, with an estimated average price of $59.21.

Sold Out: Cigna Corp. (CI)

Eric Mindich sold out his holdings in Cigna Corp.. His sale prices were between $36.66 and $44.12, with an estimated average price of $41.71.

Sold Out: Longtop Financial Technologies Ltd. (LFT)

Eric Mindich sold out his holdings in Longtop Financial Technologies Ltd.. His sale prices were between $28.41 and $36.27, with an estimated average price of $32.38.

Sold Out: Jacobs Engineering Group (JEC)

Eric Mindich sold out his holdings in Jacobs Engineering Group. His sale prices were between $45.27 and $53.01, with an estimated average price of $49.54.

Sold Out: Grupo Televisa S.a. (TV)

Eric Mindich sold out his holdings in Grupo Televisa S.a.. His sale prices were between $22.78 and $26.5, with an estimated average price of $24.29.

Sold Out: Invesco Ltd (IVZ)

Eric Mindich sold out his holdings in Invesco Ltd. His sale prices were between $23.77 and $27.42, with an estimated average price of $25.34.

Sold Out: Beckman Coulter Inc. (BEC)

Eric Mindich sold out his holdings in Beckman Coulter Inc.. His sale prices were between $71.07 and $83.13, with an estimated average price of $78.92.

Sold Out: Hansen Natural Corp. (HANS)

Eric Mindich sold out his holdings in Hansen Natural Corp.. His sale prices were between $51.96 and $60.25, with an estimated average price of $55.7.

Sold Out: Exco Resources Inc. (XCO)

Eric Mindich sold out his holdings in Exco Resources Inc.. His sale prices were between $18.98 and $20.65, with an estimated average price of $20.04.

Sold Out: Potash Corp. Of Saskatchewan Inc. (POT)

Eric Mindich sold out his holdings in Potash Corp. Of Saskatchewan Inc.. His sale prices were between $51.61 and $63.3133, with an estimated average price of $57.54.

Sold Out: Commscope Inc. (CTV)

Eric Mindich sold out his holdings in Commscope Inc.. His sale prices were between $31.22 and $31.48, with an estimated average price of $31.38.

Sold Out: Emergency Medical Services Corp. (EMS)

Eric Mindich sold out his holdings in Emergency Medical Services Corp.. His sale prices were between $62.92 and $70.69, with an estimated average price of $65.1.

Sold Out: Concho Resources Inc. (CXO)

Eric Mindich sold out his holdings in Concho Resources Inc.. His sale prices were between $85.5 and $109.79, with an estimated average price of $98.81.

Sold Out: Vivo Participacoes S.a. (VIV)

Eric Mindich sold out his holdings in Vivo Participacoes S.a.. His sale prices were between $32.41 and $39.4, with an estimated average price of $35.34.

Sold Out: Energy Xxi Ltd. (EXXI)

Eric Mindich sold out his holdings in Energy Xxi Ltd.. His sale prices were between $26.62 and $34.48, with an estimated average price of $30.72.

Sold Out: Quicksilver Resources Inc (KWK)

Eric Mindich sold out his holdings in Quicksilver Resources Inc. His sale prices were between $13.84 and $15.67, with an estimated average price of $14.74.

Sold Out: Mechel Oao (MTL.P)

Eric Mindich sold out his holdings in Mechel Oao. His sale prices were between $9.3 and $11, with an estimated average price of $10.3.

Sold Out: Cohen & Company Inc. (COHN)

Eric Mindich sold out his holdings in Cohen & Company Inc.. His sale prices were between $4.34 and $4.9892, with an estimated average price of $4.72.

Sold Out: Telecomunicacs De Sao Paulo S.a. (TSP)

Eric Mindich sold out his holdings in Telecomunicacs De Sao Paulo S.a.. His sale prices were between $23.07 and $25.34, with an estimated average price of $24.42.


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