A new 13G filing with the Securities and Exchange Commission revealed that Eric W. Mandelblatt‘s Soroban Capital Partners has raised its stake in Autodesk Inc (NASDAQ:ADSK) to 17.84 million common shares, which account for 8.0% of the company’s float. Previously, Soroban Capital Partners’ stake in the company consisted of 10.34 million shares, as per its 13F filing for the June 30 reporting period.
Autodesk Inc (NASDAQ:ADSK) is a company that develops software for various industries, such as manufacturing, architecture, media, and engineering. Since the beginning of the year, the company’s stock has gained 16.82%. In its financial report for the second quarter of 2016, Autodesk reported earnings per share of $0.05 and revenue of $550.7 million, with both figures topping analysts’ estimates of a loss per share of $0.13 and revenue of $512.07 million. Recently, Evercore ISI initiated coverage on Autodesk’s stock and placed a ‘Buy’ rating on it, with a price target of $80, while Wedbush also initiated coverage recently, but with a ‘Neutral’ rating and price target of $60.
Out of the 749 hedge funds tracked by Insider Monkey which filed 13Fs for the June quarter, 35 reported holding long positions in Autodesk (NASDAQ:ADSK) as of the end of June, down by two from the end of March. Some of the bullish investors contained Scott Ferguson’s Sachem Head Capital, which held a position valued at $697.87 million, John Griffin’s Blue Ridge Capital, with a position worth $542.15 million, Mick Hellman’s HMI Capital, Benjamin A. Smith’s Laurion Capital Management, and Clint Carlson’s Carlson Capital.
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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 |
---|---|---|---|---|---|---|
Soroban Master Fund | 0 | 11,193,847 | 0 | 11,193,847 | 11,193,847 | 5.0% |
Soroban Capital GP | 0 | 17,835,141 | 0 | 17,835,141 | 17,835,141 | 8.0% |
Soroban Capital Partners | 0 | 17,835,141 | 0 | 17,835,141 | 17,835,141 | 8.0% |
Soroban Capital Partners GP | 0 | 17,835,141 | 0 | 17,835,141 | 17,835,141 | 8.0% |
Eric W. Mandelblatt | 0 | 17,835,141 | 0 | 17,835,141 | 17,835,141 | 8.0% |
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Page 1 of 12 – SEC Filing
Autodesk, Inc. |
(Name of Issuer) |
Common Stock |
(Title of Class of Securities) |
052769106 |
(CUSIP Number) |
September 21, 2016 |
(Date of Event Which Requires Filing of this Statement) |
* | 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. |
Page 2 of 12 – SEC Filing
CUSIP No. | 052769106 |
1. | NAME OF REPORTING PERSONS | |
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||
Soroban Master Fund LP | ||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | |
(a) [_] | ||
(b) [X] | ||
3. | SEC USE ONLY | |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION | |
Cayman Islands | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | ||
5. | SOLE VOTING POWER | |
0 | ||
6. | SHARED VOTING POWER | |
11,193,847 | ||
7. | SOLE DISPOSITIVE POWER | |
0 | ||
8. | SHARED DISPOSITIVE POWER | |
11,193,847 | ||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
11,193,847 | ||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | [_] |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | |
5.0% | ||
12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | |
PN |
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Page 3 of 12 – SEC Filing
CUSIP No. | 052769106 | ||
1. | NAME OF REPORTING PERSONS | ||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | |||
Soroban Capital GP LLC | |||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||
(a) [_] | |||
(b) [X] | |||
3. | SEC USE ONLY | ||
4. | CITIZENSHIP OR PLACE OF ORGANIZATION | ||
Delaware | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | |||
5. | SOLE VOTING POWER | ||
0 | |||
6. | SHARED VOTING POWER | ||
17,835,141 | |||
7. | SOLE DISPOSITIVE POWER | ||
0 | |||
8. | SHARED DISPOSITIVE POWER | ||
17,835,141 | |||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||
17,835,141 | |||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | [_] | |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||
8.0% | |||
12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||
OO |
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Page 4 of 12 – SEC Filing
CUSIP No. | 052769106 | ||
1. | NAME OF REPORTING PERSONS | ||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | |||
Soroban Capital Partners LP | |||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||
(a) [_] | |||
(b) [X] | |||
3. | SEC USE ONLY | ||
4. | CITIZENSHIP OR PLACE OF ORGANIZATION | ||
Delaware | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | |||
5. | SOLE VOTING POWER | ||
0 | |||
6. | SHARED VOTING POWER | ||
17,835,141 | |||
7. | SOLE DISPOSITIVE POWER | ||
0 | |||
8. | SHARED DISPOSITIVE POWER | ||
17,835,141 | |||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||
17,835,141 | |||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | [_] | |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||
8.0% | |||
12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||
PN, IA |
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Page 5 of 12 – SEC Filing
CUSIP No. | 052769106 | ||
1. | NAME OF REPORTING PERSONS | ||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | |||
Soroban Capital Partners GP LLC | |||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||
(a) [_] | |||
(b) [X] | |||
3. | SEC USE ONLY | ||
4. | CITIZENSHIP OR PLACE OF ORGANIZATION | ||
Delaware | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | |||
5. | SOLE VOTING POWER | ||
0 | |||
6. | SHARED VOTING POWER | ||
17,835,141 | |||
7. | SOLE DISPOSITIVE POWER | ||
0 | |||
8. | SHARED DISPOSITIVE POWER | ||
17,835,141 | |||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||
17,835,141 | |||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | [_] | |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||
8.0% | |||
12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||
OO |
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Page 6 of 12 – SEC Filing
CUSIP No. | 052769106 | ||
1. | NAME OF REPORTING PERSONS | ||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | |||
Eric W. Mandelblatt | |||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||
(a) [_] | |||
(b) [X] | |||
3. | SEC USE ONLY | ||
4. | CITIZENSHIP OR PLACE OF ORGANIZATION | ||
United States of America | |||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | |||
5. | SOLE VOTING POWER | ||
0 | |||
6. | SHARED VOTING POWER | ||
17,835,141 | |||
7. | SOLE DISPOSITIVE POWER | ||
0 | |||
8. | SHARED DISPOSITIVE POWER | ||
17,835,141 | |||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||
17,835,141 | |||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | [_] | |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||
8.0% | |||
12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||
HC, IN |
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Page 7 of 12 – SEC Filing
CUSIP No. | 052769106 |
Item 1. | (a). | Name of Issuer: |
Autodesk, Inc. |
(b). | Address of issuer’s principal executive offices: | |
111 McInnis Parkway | ||
San Rafael, California 94903 |
Item 2. | (a). | Name of person filing: |
Soroban Master Fund LP Soroban Capital GP LLC Soroban Capital Partners LP Soroban Capital Partners GP LLC Eric W. Mandelblatt |
(b). | Address or principal business office or, if none, residence: | |
Soroban Master Fund LP Gardenia Court, Suite 3307 45 Market Street Camana Bay, Grand Cayman KY1-1103 Cayman Islands Soroban Capital GP LLC 444 Madison Avenue, 21st Floor New York, NY 10022 United States of America Soroban Capital Partners LP 444 Madison Avenue, 21st Floor New York, NY 10022 United States of America Soroban Capital Partners GP LLC 444 Madison Avenue, 21st Floor New York, NY 10022 United States of America Eric W. Mandelblatt c/o Soroban Capital Partners LP 444 Madison Avenue, 21st Floor New York, NY 10022 United States of America |
(c). | Citizenship: | |
Soroban Master Fund LP – Cayman Islands Soroban Capital GP LLC – Delaware Soroban Capital Partners LP – Delaware Soroban Capital Partners GP LLC – Delaware Eric W. Mandelblatt – United States of America |
(d). | Title of class of securities: | |
Common Stock |
(e). | CUSIP No.: | |
052769106 |
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Page 8 of 12 – SEC Filing
Item 3. | If This Statement is filed pursuant to §§.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a |
(a) | [_] | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). |
(b) | [_] | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
(c) | [_] | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). |
(d) | [_] | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). |
(e) | [_] | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); |
(f) | [_] | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); |
(g) | [_] | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
(h) | [_] | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813); |
(i) | [_] | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
(j) | [_] | A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); |
(k) | [_] | Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: |
Item 4. | Ownership. |
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. |
(a) | Amount beneficially owned: | |
Soroban Master Fund LP – 11,193,847 Soroban Capital GP LLC – 17,835,141 Soroban Capital Partners LP – 17,835,141 Soroban Capital Partners GP LLC – 17,835,141 Eric W. Mandelblatt – 17,835,141 |
(b) | Percent of class: | |
Soroban Master Fund LP – 5.0% Soroban Capital GP LLC – 8.0% Soroban Capital Partners LP – 8.0% Soroban Capital Partners GP LLC – 8.0% Eric W. Mandelblatt – 8.0% |
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Page 9 of 12 – SEC Filing
(c) | Number of shares as to which Soroban Master Fund LP has: | ||||
(i) | Sole power to vote or to direct the vote | 0 | , | ||
(ii) | Shared power to vote or to direct the vote | 11,193,847 | , | ||
(iii) | Sole power to dispose or to direct the disposition of | 0 | , | ||
(iv) | Shared power to dispose or to direct the disposition of | 11,193,847 | . | ||
Number of shares to which Soroban Capital GP LLC has : |
(i) | Sole power to vote or to direct the vote | 0 | , | ||
(ii) | Shared power to vote or to direct the vote | 17,835,141 | , | ||
(iii) | Sole power to dispose or to direct the disposition of | 0 | , | ||
(iv) | Shared power to dispose or to direct the disposition of | 17,835,141 | . | ||
Number of shares to which Soroban Capital Partners LP has : |
(i) | Sole power to vote or to direct the vote | 0 | , | ||
(ii) | Shared power to vote or to direct the vote | 17,835,141 | , | ||
(iii) | Sole power to dispose or to direct the disposition of | 0 | , | ||
(iv) | Shared power to dispose or to direct the disposition of | 17,835,141 | . | ||
Number of shares to which Soroban Capital Partners GP LLC has : |
(i) | Sole power to vote or to direct the vote | 0 | , | ||
(ii) | Shared power to vote or to direct the vote | 17,835,141 | , | ||
(iii) | Sole power to dispose or to direct the disposition of | 0 | , | ||
(iv) | Shared power to dispose or to direct the disposition of | 17,835,141 | . | ||
Number of shares to which Eric W. Mandelblatt has : |
(i) | Sole power to vote or to direct the vote | 0 | , | ||
(ii) | Shared power to vote or to direct the vote | 17,835,141 | , | ||
(iii) | Sole power to dispose or to direct the disposition of | 0 | , | ||
(iv) | Shared power to dispose or to direct the disposition of | 17,835,141 | . | ||
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Page 10 of 12 – SEC Filing
Item 5. | Ownership of Five Percent or Less of a Class. |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [_]. | |
Not applicable | |
Item 6. | Ownership of More Than Five Percent on Behalf of Another Person. |
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. | |
Not applicable | |
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
If a parent holding company or control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. | |
Not applicable | |
Item 8. | Identification and Classification of Members of the Group. |
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group. | |
Not applicable | |
Item 9. | Notice of Dissolution of Group. |
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. | |
Not applicable | |
Item 10. | Certification. |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |
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Page 11 of 12 – SEC Filing
October 3, 2016 | ||
(Date) |
Soroban Master Fund LP | |||
By: | Soroban Capital GP LLC, its general partner | ||
By: | /s/ Eric W. Mandelblatt | ||
Eric W. Mandelblatt, Managing Partner | |||
Soroban Capital GP LLC | |||
By: | /s/ Eric W. Mandelblatt | ||
Eric W. Mandelblatt, Managing Partner | |||
Soroban Capital Partners LP | |||
By: | Soroban Capital Partners GP LLC, its general partner | ||
By: | /s/ Eric W. Mandelblatt | ||
Eric W. Mandelblatt, Managing Partner | |||
Soroban Capital Partners GP LLC | |||
By: | /s/ Eric W. Mandelblatt | ||
Eric W. Mandelblatt, Managing Partner | |||
Eric W. Mandelblatt | |||
/s/ Eric W. Mandelblatt |
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Page 12 of 12 – SEC Filing
October 3, 2016 | ||
(Date) |
Soroban Master Fund LP | |||
By: | Soroban Capital GP LLC, its general partner | ||
By: | /s/ Eric W. Mandelblatt | ||
Eric W. Mandelblatt, Managing Partner | |||
Soroban Capital GP LLC | |||
By: | /s/ Eric W. Mandelblatt | ||
Eric W. Mandelblatt, Managing Partner | |||
Soroban Capital Partners LP | |||
By: | Soroban Capital Partners GP LLC, its general partner | ||
By: | /s/ Eric W. Mandelblatt | ||
Eric W. Mandelblatt, Managing Partner | |||
Soroban Capital Partners GP LLC | |||
By: | /s/ Eric W. Mandelblatt | ||
Eric W. Mandelblatt, Managing Partner | |||
Eric W. Mandelblatt | |||
/s/ Eric W. Mandelblatt |