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Spirit Aerosystems Holdings Inc. (SPR): Darsana Capital Partners Adds 1.75 Million Shares

In a new 13G filing with the Securities and Exchange Commission, Anand Desai‘s Darsana Capital Partners reported owning 7 million Class A Shares of Spirit Aerosystems Holdings Inc. (NYSE:SPR), which account for 5.4% of the company’s outstanding stock. This represents an increase in the fund’s stake, as Darsana Capital Partners previously owned 5.25 million shares according to its 13F for the reporting period of June 30.

Spirit Aerosystems is a company that manufactures aircraft parts and aerostructures. Over the past 12 months, the company’s stock has lost 11.48%. In its financial report for the second quarter of 2016, Spirit Aerosystems reported diluted earnings per share of $0.35 and revenue of $1.8 billion, compared to earnings per share of $1.11 and revenue of $1.7 billion for the corresponding period in 2015.

airplane, aircraft, flying


Out of the 749 hedge funds tracked by Insider Monkey which filed 13Fs for the June quarter, 34 smart money managers reported having long positions in Spirit Aerosystems Holdings (NYSE:SPR), down from 40 quarter-over-quarter. Some of the bullish investors contained Yen Liow’s Aravt Global, which held a position valued at $73.10 million, Paul Marshall and Ian Wace’s Marshall Wace LLP, with a position worth around $63.58 million, Jim Simons’ Renaissance Technologies, Prasad Phatak and Chris Koranda’s Tappan Street Partners, and Matthew Tewksbury’s Stevens Capital Management.

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Among investors who lost interest for investing in Spirit Aerosystems Holdings (NYSE:SPR) and decided to sell off their positions were Steve Cohen’s Point72 Asset Management, which said goodbye to a $22.46 million position, Neil Chriss’ Hutchin Hill Capital, which dropped its position valued at $7.66 million at the end of March, Julian Robertson’s Tiger Management, Ken Griffin’s Citadel Investment Group, and Dmitry Balyasny’s Balyasny Asset Management.

You can access the original 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
Darsana Capital Partners 0 7,000,000 0 7,000,000 7,000,000 5.4%
Darsana Capital Partners GP 0 7,000,000 0 7,000,000 7,000,000 5.4%
Darsana Master Fund 0 7,000,000 0 7,000,000 7,000,000 5.4%
Darsana Capital GP 0 7,000,000 0 7,000,000 7,000,000 5.4%
Anand Desai 0 7,000,000 0 7,000,000 7,000,000 5.4%

Anand Desai
Anand Desai
Darsana Capital Partners

Page 1 of 11 – SEC Filing

Under the Securities Exchange Act of 1934
(Amendment No.)*
Spirit AeroSystems Holdings, Inc.
(Name of Issuer)
Class A Common Stock, $0.01 par value
(Title of Class of Securities)
(CUSIP Number)
September 16, 2016
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[_]  Rule 13d-1(b)
[X]  Rule 13d-1(c)
[_]  Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in 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).

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