- Eric Mindich’s 13F portfolio decreased from $6.62B to $5.73B this quarter.
- Eton Park Capital Management added Chevron and increased Microsoft during the quarter.
- The largest three individual stock positions are Microsoft Corporation, ITC Holdings, and Alibaba Group Holdings and they add up to ~15% of the portfolio.
Eric Mindich’s 13F portfolio decreased 15.11% this quarter from $6.62B to $5.73B. Recent 13F reports have shown a total of around 45 positions. The largest five individual stock positions are Microsoft Corporation (MSFT), ITC Holdings (ITC), Alibaba Group Holdings (BABA), Sherwin Williams (SHW), and Chevron (CVX) and they add up to ~22% of the 13F portfolio.
Below is a summary of the major moves this quarter:
SPDR Gold ETF (GLD) Calls: The long position in GLD is now at a whopping ~27% of the entire portfolio. This quarter saw a reduction but the stake is still huge. Last quarter had seen a 167% increase when the underlying traded between $116 and $127. The original stake (~6.3% of the portfolio net) was established in Q1 2016 through a combination of direct long, Calls, and Puts when the ETF traded between $101 and $122. It currently trades at $110.
Powershares QQQ (QQQ) Puts: The short position in QQQ was the largest position at 17.34% of the portfolio as of Q1 2016. It was established during that quarter when the underlying traded between $96 and $112. There was a ~70% reduction last quarter when the ETF traded between $102 and $111. This quarter saw another ~50% selling when QQQ was between $107 and $119 and the remaining stake is at 4.14% of the portfolio.
Among individual stock holdings, large new stakes in Chevron (CVX) and WhiteWave (WWAV) was established this quarter. Also, Microsoft was significantly increased.
Below is a spreadsheet that shows the changes to Eric Mindich's Eton Park Capital US long portfolio holdings as of Q3 2016. For a look at how the portfolio has progressed, see our previous update:
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