Eric Mindich, Eton Park Boost Position in Spirit AeroSystems Holdings to 6.21%

According to a new filing with the Securities and Exchange Commission, Eton Park Capital, run by Eric Mindich, boosted Spirit AeroSystems Holdings, Inc. (NYSE:SPR) holding in its equity portfolio. The filing revealed Eton holding a passive stake which amasses some 7.5 million shares of class A common stock. The position is passive by nature and represents 6.21% of the outstanding class A common stock. In its latest 13F, Eton Park reported holding 5.75 million class A shares of AeroSystems Holdings.


The holding of Spirit AeroSystems Holdings experienced one of the highest increases in the fund’s latest 13F, compared to other companies. Eton Park disclosed boosting its stake in the company by 3.25 million shares.

The stock of Spirit AeroSystems has been advancing since the beginning of the year, and already increased by almost 90%. The stock also trails a solid forward P/E of around 11.7. This, together, with an expected EPS increase by around 400% for the next year, makes Spirit Aerosystems as a company worth taking a look at for an investor. Earlier this month, the company engaged in manufacturing of equipment for aircrafts announced about delivering its first edge wing structures for Airbus’ A320neo.

In addition to Eton Park, according to our database, other hedge funds reported significant positions in the company. As follows, Matt Sirovich and Jeremy Mindich‘s Scopia Capital held the largest stake, which contained over 18.4 million shares. It is followed by Jeffrey Altman‘s Owl Creek Asset Management, and Orbis Investment Management, managed by William B. Gray, whose positions amass around 5.8 million, and 3.2 million shares respectively.

Disclosure: none

Recommended Reading:

Starboard Value’s Round Trip at Emulex Corporation

Warren Buffett’s Secret: He Was a Shoplifter

What Is Buffett’s Plan With ExxonMobil?