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Eton Park eliminates position in Mead Johnson Nutrition
Eton Park exited a position in Mead Johnson Nutrition (MJN) that accounted for 1.78% of the fund’s first quarter portfolio.
Eton Park exited a position in Moody’s Corp (MCO) that accounted for 2.7% of the fund’s first quarter portfolio.
Eton Park exited a position in Equinix (EQIX) that accounted for 3.46% of the fund’s first quarter portfolio.
Eton Park started a new position in AerCap Holdings (AER) that accounts for 1.39% of the fund’s second quarter portfolio.
B/E Aerospace’s 2Q14 net earnings and diluted earnings per share were $117.6 million and $1.13 per share.
Eton Park started a new position in Armstrong World Industries that accounts for 2.09% of the fund’s second quarter portfolio.
Multi-specialty healthcare company Allergan is locked in a $53 billion hostile takeover battle with Valeant Pharmaceuticals and activist investor William Ackman of Pershing Square.
Eric Mindich’s Eton Park Capital Management, which has $10 billion in assets, returned 1.1% in the second quarter.
Davidson Kempner exited a position in JPMorgan Chase & Co. (JPM) that accounted for 1.29% of the fund’s 1Q14 portfolio. This position was initiated in 1Q14. JPMorgan Chase is a leading global financial services firm. It has $2.5 trillion assets. It has operations worldwide.
Davidson Kempner exited a position in Omnicom (OMC) that accounted for 1.93% of the fund’s 1Q14 portfolio. The position was initiated in 1Q14. Omnicom is a leading global advertising, marketing, and corporate communications company. It offers its services to over 5,000 clients in more than 100 countries.
Davidson Kempner exited a position in Equity Commonwealth (EQC) that accounted for 2.16% of the fund’s 1Q14 portfolio. The company recently changed its name from CommonWealth REIT (or CWH). Equity Commonwealth is an internally managed and self-advised real estate investment trust.
Davidson Kempner initiated a new position in B/E Aerospace (BEAV) that accounted for 1.02% of the fund’s 2Q14 portfolio. B/E Aerospace is a leading manufacturer of aircraft cabin interior products. It provides aerospace fasteners, consumables, and logistics services. It carries out its operations through strategic business units.
Davidson Kempner initiated a new position in Newell Rubbermaid (NWL) that accounted for 1.22% of the fund’s 2Q14 portfolio. Newell Rubbermaid is a global marketer of consumer and commercial products. The products include writing instruments, consumer products for home, tools like hand tools, and power tool accessories.
Davidson Kempner initiated a new position in WL Ross Holding (WLRH) that accounted for 1.85% of the fund’s 2Q14 portfolio. WL Ross is a newly organized blank check company. It was formed by billionaire Wilbur Ross. It was formed to affect a merger, capital stock exchange, asset acquisition, stock repurchase, stock purchase, reorganization, or similar business combination with one or more businesses.
Davidson Kempner initiated a new position in Ally Financial Inc. (ALLY) that accounted for 5.5% of the fund’s 2Q14 portfolio. Ally Financial is currently the second largest position in the fund’s portfolio. Ally Financial is an automotive financial services company. It has ~95 years of experience.
Davidson Kempner Capital Management LLC is a hedge fund manager. It manages ~$22 billion in assets. In 2Q14, Davidson Kempner Capital added new positions in Ally Financial Inc. (ALLY), WL Ross Holding (or WLRH), Newell Rubbermaid (NWL), and B/E Aerospace (BEAV).
Eminence Capital updated its position in Zynga recently via a 13G filing in September. According to the filing, Eminence currently owns a 5.1% stake in Zynga with 38,067,989 shares. Eminence previously held 26,531,473 shares in Zynga, which accounted for 1.41% of the fund’s total portfolio at the end of 2Q14.
Eminence Capital exited a position in Valmont Industries that accounted for 1.63% of the fund’s 1Q14 portfolio. The position was initiated in 4Q13.
Eminence Capital exited a position in Qualcomm that accounted for 3.42% of the fund’s 1Q14 portfolio. Qualcomm is a leading developer and innovator of advanced wireless technology products and services. Its products mainly include integrated circuits—also known as chips or chipsets. The products also include system software.
Eminence Capital initiated a new position in Baidu that accounts for 1.34% of the fund’s 2Q14 portfolio. Baidu is a leading Chinese-language Internet search provider. The Baidu.com website was the largest website in China and the fifth largest website globally.