Luke Lambropoulos ‘24 pitched Eaton Corporation PLC (NYSE: ETN) on November 27th, 2023. Eaton is a diversified power management company and global technology leader in electrical systems for power quality, distribution and control that services largely in the United States as well as globally. The prevailing megatrends of reindustrialization, electrification, and digitization are fueling a robust demand for electric grid and storage infrastructure, benefiting Eaton’s end markets. Additionally, as the U.S. power grid faces increasing strain due to these megatrends, urgent reform is needed for the aging infrastructure. As a result, hundreds of billions of dollars in government spending are allocated to enhance electric infrastructure, presenting Eaton Corp as a compelling investment opportunity. Ultimately, SMIF had voted to buy approximately $43,000 of Eaton in the portfolio through a covered call funded by the sale of Raytheon (RTX).