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.
Perrigo Co. PLCÂ (PRGO)
Mindich initiated a position in this company in Q4 2013 then sold his stake in Q1 2014. He bought new shares at an average price of $190.62 per share in the second quarter and this quarter he increased his stake by 106.73%.This deal had an impact of 4.22% on his portfolio, and the stock price dropped 21%. Currently it is trading at $144.33.
Perrigo has a $21.41 billion market cap and a $26.26 billion enterprise value. The company develops, manufactures and distributes over-the-counter and generic prescription pharmaceuticals, nutritional products and active pharmaceutical ingredients.
Richard Perry (Trades, Portfolio), George Soros (Trades, Portfolio), Vanguard Health Care Fund (Trades, Portfolio) and Ruane Cunniff (Trades, Portfolio) are other gurus who increased their holdings.
Adobe Systems Inc. (ADBE)
Mindich established the position in the second quarter at an average price of $78.03 per share. This quarter the investor increased his stake by 160.28% at $81.07 per share. This deal had an impact of 2.6% on his portfolio, and the stock price went up 13%. Currently it is trading at $91.31.
Adobe Systems has a $46.99 billion market cap and a $45.22 billion enterprise value. The company offers a line of software and services used by creative professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences across multiple operating systems, devices and media.
Mario Gabelli (Trades, Portfolio) is another investor who increased his stake in this quarter.
Broadcom Corp. (BRCM)
Mindich established in the second quarter at an average price of $48.68 per share. This quarter the investor increased his stake by 105.68% at $51.45 per share. This deal had an impact of 2.15% on his portfolio, and the stock price went up 9%. Currently it is trading at $56.28.
Broadcom has a $34.4 billion market cap and a $32.53 billion enterprise value. The company is provider of semiconductors for wired and wireless communications. It provides a portfolio of SoCs that seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environments.
George Soros (Trades, Portfolio), Mario Gabelli (Trades, Portfolio) and Andreas Halvorsen (Trades, Portfolio) increased their holdings by 80.71%, 70.18% and 26.07%.
Microsoft Corp. (MSFT)
Mindich initiated a position in this company in the first quarter at average price of $43.53 per share. Then in the second quarter, he increased his stake by 419.08% and by 21.62% in the third quarter. This deal had an impact of 1.46% on his portfolio, and the stock price went up 21%. Currently it is trading at $54.13.
Microsoft has a $444.93 billion market cap and a $384.14 billion enterprise value. The company generates revenue by developing, manufacturing, licensing, and supporting software products and services for different types of computing devices.
SBA Communications Corp. (SBAC)
Mindich initiated the position in the second quarter at an average price of $117.36 per share, and this quarter he increased his stake by 62.10%.This deal had an impact of 1.42% on his portfolio, and the stock price dropped 14%. Currently it is trading at $100.42.
SBA Communications has a $12.74 billion market cap and an $21.16 billion enterprise value. The company is an independent owner and operator of wireless communications tower structures, rooftops and other structures that support antennas used for wireless communications.
Williams Companies Inc. (WMB)
This quarter, Mindich increased his stake by 63.34% for an average price of $49.8 per share. The deal had an impact of 0.83% on the portfolio and the price dropped by 57%. Currently it is trading at $21.54.
Williams Companies has a $17.77 billion market cap and a $52.23 billion enterprise value. The company is an energy infrastructure company focused on connecting North America's hydrocarbon resource plays to growing markets for natural gas, NGLs, and olefins.
Criteo SAÂ (CRTO)
Mindich initiated the position in this company in the second quarter. This quarter he increased his stake by 55.10% for an average price of $45.74 per share. The deal had an impact of 0.21% on his portfolio, and the stock price dropped 15%. Currently it is trading at $39.00.
Criteo SA has a $2.61 billion market cap and a $2.3 billion enterprise value. The company provides pay-per-click performance display advertising solutions in France. It sells internet display advertisements featuring product-level recommendations either directly to clients or to advertising agencies.
Steven Cohen (Trades, Portfolio), Pioneer Investments and RS Investment Management exited their positions in the company.
Smith & Nephew PLCÂ (SNN)
Mindich started to buy shares of this company in the second quarter, and this quarter he increased his holding by 12.99% at an average price of $35.67 per share. The deal had an impact of 0.04% on his portfolio, and the stock price dropped 2%. Currently it is trading at $34.95.
Smith & Nephew has a $15.91 billion market cap and a $17.45 billion enterprise value. The company develops, manufactures, markets and sells medical devices. The company is organized into business segments namely Advanced Surgical Devices and Advanced Wound Management.
Jim Simons (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Ken Fisher (Trades, Portfolio) and Pioneer Investments (Trades, Portfolio) are other gurus who increased their holdings.
