Eric Mandelblatt Soroban Capital Partners
Eric Mandelblatt is the founder of Soroban Capital Partners, a fundamental long/short equity firm. Soroban is known for research-intensive positions and a flexible approach across sectors. Mandelblatt’s public portfolio is followed among large fundamental hedge fund managers.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hilton Worldwide
HLT
|
+$343M |
| 2 |
Meta Platforms (Facebook)
META
|
+$340M |
| 3 |
NXP Semiconductors
NXPI
|
+$290M |
| 4 |
PX
Praxair Inc
PX
|
+$290M |
| 5 |
AB InBev
BUD
|
+$241M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Williams Companies
WMB
|
+$645M |
| 2 |
Charter Communications
CHTR
|
+$332M |
| 3 |
Autodesk
ADSK
|
+$283M |
| 4 |
Yum! Brands
YUM
|
+$243M |
| 5 |
T-Mobile US
TMUS
|
+$216M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 11.22% |
| 2 | Technology | 10.72% |
| 3 | Consumer Staples | 7.59% |
| 4 | Consumer Discretionary | 6.45% |
| 5 | Materials | 6.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
CALL
LyondellBasell Industries
LYB
$21.8B
| $214M | 1.31% |
2,500,000
| – | – |
|
27
CALL
Coca-Cola
KO
$392B
| $207M | 1.27% |
5,000,000
| – | – |
|
|
ETP
28
CALL
DELISTED
Energy Transfer Partners L.p.
ETP
| $199M | 1.22% |
5,554,400
+2,054,400
| +59% | +$73.3M |
|
29
Advance Auto Parts
AAP
$2.57B
| $176M | 1.08% |
1,039,200
+435,200
| +72% | +$68.4M |
|
30
Booking.com
BKNG
$158B
| $175M | 1.07% |
2,982,775
-807,225
| -21% | -$48.2M |
|
31
CALL
Kraft Heinz
KHC
$30.3B
| $175M | 1.07% |
2,000,000
| – | – |
|
32
PUT
IBM
IBM
$222B
| $166M | 1.02% |
+1,046,000
| New | +$159M |
|
33
Dollar Tree
DLTR
$25.3B
| $160M | 0.98% |
+2,075,900
| New | +$167M |
|
34
CALL
Honeywell
HON
$68.4B
| $146M | 0.89% |
1,383,746
-7,373
| -0.5% | -$750K |
|
35
PUT
Verizon
VZ
$205B
| $133M | 0.82% |
2,500,000
| – | – |
|
36
Westlake Corp
WLK
$10.1B
| $126M | 0.77% |
2,250,000
+227,699
| +11% | +$12.4M |
|
|
37
CALL
Charter Communications
CHTR
$17.9B
| $117M | 0.72% |
450,000
| – | – |
|
|
38
CALL
Dollar Tree
DLTR
$25.3B
| $116M | 0.71% |
1,500,000
-750,000
| -33% | -$60.4M |
|
39
Axalta
AXTA
$7.75B
| $113M | 0.69% |
4,168,458
+3,366,890
| +420% | +$88.6M |
|
40
CALL
Eastman Chemical
EMN
$8.47B
| $113M | 0.69% |
+1,500,000
| New | +$108M |
|
41
Corpay
CPAY
$27.4B
| $112M | 0.68% |
788,346
-184,500
| -19% | -$28.9M |
|
42
CALL
Crown Castle
CCI
$32.1B
| $108M | 0.66% |
1,250,000
| – | – |
|
43
CALL
Energy Transfer Partners
ET
$73B
| $106M | 0.65% |
5,500,000
+3,500,000
| +175% | +$58.4M |
|
44
CALL
PepsiCo
PEP
$196B
| $105M | 0.64% |
1,000,000
-1,000,000
| -50% | -$105M |
|
45
CALL
Amazon
AMZN
$2.79T
| $96.8M | 0.59% |
2,582,000
-2,802,000
| -52% | -$110M |
|
|
46
CALL
Autodesk
ADSK
$53.6B
| $77.7M | 0.48% |
+1,050,000
| New | +$77.3M |
|
|
47
CALL
Yum! Brands
YUM
$41.8B
| $67.1M | 0.41% |
750,000
-293,250
| -28% | -$18.4M |
|
|
48
CALL
Meta Platforms (Facebook)
META
$1.4T
| $66.9M | 0.41% |
581,600
-418,400
| -42% | -$51.4M |
|
49
CALL
Mastercard
MA
$509B
| $51.6M | 0.32% |
500,000
-2,380,200
| -83% | -$246M |
|
50
CALL
Johnson & Johnson
JNJ
$651B
| $47.9M | 0.29% |
415,600
-450,000
| -52% | -$52M |
|
Similar funds
Eric Mandelblatt's Q4 2016 Portfolio in Review
As of Q4 2016, Eric Mandelblatt held 61 positions worth $16.3B, down 1% from $16.5B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Eric Mandelblatt's Q4 2016 filing shows 10 new, 14 increased, 17 reduced and 6 closed positions. Its largest new stake was Hilton Worldwide: 4,663,262 shares worth $381M. The largest sale was Williams Companies, an estimated $645M.
By sector, the portfolio is most concentrated in Communication Services at 11% of assets, down from 12% a quarter earlier, followed by Technology and Consumer Staples.
- Eric Mandelblatt's largest Q4 2016 buy was Hilton Worldwide: 4,663,262 shares worth $381M.
- Eric Mandelblatt added most to NXP Semiconductors in Q4 2016, an estimated $290M increase.
- Eric Mandelblatt's biggest Q4 2016 reduction was Charter Communications, cutting an estimated $332M.
- Eric Mandelblatt fully exited Williams Companies in Q4 2016, selling an estimated $645M.
- Eric Mandelblatt's ten largest holdings make up 46% of its $16.3B portfolio in Q4 2016.
- Eric Mandelblatt opened 10 new positions and closed 6 in Q4 2016.
- Eric Mandelblatt's portfolio value fell 1% quarter-over-quarter to $16.3B.
Based on Soroban Capital Partners's 13F filing for Q4 2016, filed 14 Feb 2017.