ESPIRiT is a robust, auto-calibrating approach to parallel MR image reconstruction that estimates the subspace of sensitivity maps using an eigenvalue-based method. While it is robust to a range of parameter choices, having parameters that result in a tight subspace yields the best performance. We propose an automatic, parameter free method that appropriately weights the subspace using a shrinkage operator derived from Stein's Unbiased Risk Estimate. We demonstrate the efficacy of our technique by showing superior map estimation without user intervention in simulation and in-vivo data compared to the current default method of subspace estimation.