Microsoft Corporation (MSFT) and Motorola Solutions Inc (MSI) Among Eric Mindich’s New Bets

Mindich initiated a position in Motorola Solutions Inc (NYSE:MSI) of 1.51 million shares valued at $100.70 million. The technology company’s stock has slid by some 11% so far this year as compared to the communication equipment industry’s gains of 1.38% during the same period. The price-to-sales ratio of Motorola Solutions Inc (NYSE:MSI), which stands at 2.12 is also higher than the industry’s average of 1.87. Jeffrey Ubben‘s ValueAct Capital is the largest stockholder of Motorola Solutions Inc (NYSE:MSI) among the funds we track, owning 17.59 million shares valued at $1.17 billion.

Next on our list is Polaris Industries Inc. (NYSE:PII), in which Mindich initiated a position of 540,900 shares valued at $76.32 million. Despite the fact that the company beat both the top and bottom line estimates in its first quarter financial results, Polaris Industries Inc. (NYSE:PII)’s stock is down by 4.15% so far this year. However, its performance for the past year amounts to a 12.44% appreciation. Another prominent stockholder of the company is Ken Heebner’s Capital Growth Management.

Finally Eton Park acquired some 1.68 million shares of Microsoft Corporation (NASDAQ:MSFT) valued at $68.48 million. The last time Microsoft was found in the fund’s portfolio was in 2006, but the latest winds of change which are blowing in the tech giant’s favor have led to its re-emergence in Eton’s portfolio. According to Mala Gaonkar, who is a co-portfolio manager at Lone Pine Capital, Microsoft Corporation (NASDAQ:MSFT) has recently made much needed changes in its research and development teams and has also cut its operating costs by optimizing spending. She pitched the company as her investment idea at the annual Sohn Investment Conference in early May. Stephen Mandel‘s Lone Pine Capital significantly increased its stake in Microsoft Corporation (NASDAQ:MSFT) to 14.49 million shares valued at $588.93 million during the first quarter.

Disclosure: None