Ricky Sandler‘s Eminence Capital and Sachem Head Capital, led by Scott Ferguson have disclosed reaching an agreement with Autodesk, Inc. (NASDAQ:ADSK). As revealed via a statement attached to two 13D filings with the US Securities and Exchange Commission, Sachem Head and Eminence have reached settlement agreements with Autodesk, under the terms of which, the company has appointed Scott Ferguson, Rick Hill and Jeff Clarke to its Board of directors.
Eminence Capital holds 13.08 million shares of Autodesk, representing 5.8% of the company’s outstanding common stock, while Sachem Head owns 12.89 million shares, equal to 5.7% of the stock.
During the fourth quarter, Autodesk saw an increase in activity from the world’s largest hedge funds and it was in 34 hedge funds’ portfolios at the end of December, versus 32 funds a quarter earlier. Of the funds tracked by Insider Monkey, Eminence Capital and Sachem Head have the most valuable positions in Autodesk, Inc. (NASDAQ:ADSK). Among other large shareholders are Eric W. Mandelblatt’s Soroban Capital Partners, John Griffin’s Blue Ridge Capital and Stephen Mandel’s Lone Pine Capital, which initiated a $349.3 million position during the fourth quarter.
You can access the original Eminence’s SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Eminence Capital | 0 | 13,079,213 | 0 | 13,079,213 | 13,079,213 | 5.8% |
| Eminence GP | 0 | 10,610,020 | 0 | 10,610,020 | 10,610,020 | 4.7% |
| Ricky C. Sandler | 3,375 | 13,079,213 | 3,375 | 13,079,213 | 13,082,588 | 5.8% |
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You can access the Sachem Head’s SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Sachem Head Capital Management | 0 | 12,890,000 | 0 | 12,890,000 | 12,890,000 | 5.7% |
| Uncas GP | 0 | 12,890,000 | 0 | 12,890,000 | 12,890,000 | 5.7% |
| Sachem Head GP | 0 | 7,175,000 | 0 | 7,175,000 | 7,175,000 | 3.2% |
| Scott D. Ferguson | 0 | 12,890,000 | 0 | 12,890,000 | 12,890,000 | 5.7% |
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Page 1 of 7 SEC Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Autodesk,
Inc.
(Name of Issuer)
Common Stock
(Title of
Class of Securities)
052769106
(CUSIP Number)
Ricky C.
Sandler
Eminence Capital, LP
65 East 55th Street
25th
Floor
New York, New York 10022
(212) 418-2100
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and Communications)
March 10, 2016
(Date of Event which Requires Filing of this Statement)
If the filing person has
previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See
Section 240.13d-7 for other parties to whom copies are to be sent.
| * | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be
deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
