Eton Park Capital Short Burberry Group and J Sainsbury ~ market folly

Tuesday, July 28, 2015

Eton Park Capital Short Burberry Group and J Sainsbury

Eric Mindich's hedge fund firm Eton Park Capital has recently disclosed updated short positions in Burberry Group (LON:BRBY) and J Sainsbury (LON:SBRY).


Eton Park Short Burberry Group

Per regulatory filings in the UK, Eton Park has disclosed it is net short 0.7% of Burberry's shares as of July 13th.  This is up from a 0.62% net short position back on May 11th.

Institutions are required to publicly disclose when they build a short position above the 0.5% of shares threshold.  Keep in mind that this could either be an alpha short or a hedge to one of their long positions.

Last week we also highlighted 2 stocks that prominent hedge funds are short.

Per Google Finance, Burberry Group is "a United Kingdom-based manufacturer, wholesaler and retailer of luxury goods. The Company designs, produces and sells products under the Burberry brand. The Company’s product categories include women’s and men’s apparel and accessories and beauty. The Company owns distribution network consisting of: 497 directly operated stores and concessions, offline and burberry.com, a digital platform active in 11 languages, online. The Company’s Licensing revenues are generated through the receipt of royalties from the Group’s partners in Japan and global licensees of fragrances, eyewear, timepieces and European children wear. The Company’s retail/wholesale engages in the sale of luxury goods through Burberry mainline stores, concessions, outlets and digital commerce as well as Burberry franchisees, prestige department stores globally and multi-brand specialty accounts. The Company has subsidiaries in Europe, Middle East, India, Africa, United States and Asia Pacific region."


Eton Park Also Short J Sainsbury

Per a separate regulatory filing in the UK, Eton Park has disclosed a net short position in 0.69% of J Sainsbury's shares as of June 29th.

Per Google Finance, J Sainsbury is "engaged in supermarkets and convenience stores, and an online grocery and general merchandise operation. The Company also has two property joint ventures with Land Securities Group Plc and The British Land Company Plc. Sainsbury’s Bank provides a range of banking and insurance products."


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