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 |
Charter Communications
CHTR
|
+$488M |
| 2 |
Broadcom
AVGO
|
+$229M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$178M |
| 4 |
Newell Brands
NWL
|
+$134M |
| 5 |
MGM Resorts International
MGM
|
+$84.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WBA
Walgreens Boots Alliance
WBA
|
+$565M |
| 2 |
Marriott International
MAR
|
+$406M |
| 3 |
PX
Praxair Inc
PX
|
+$316M |
| 4 |
Union Pacific
UNP
|
+$303M |
| 5 |
Meta Platforms (Facebook)
META
|
+$292M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 12.78% |
| 2 | Technology | 12.49% |
| 3 | Consumer Staples | 9.18% |
| 4 | Consumer Discretionary | 4.15% |
| 5 | Industrials | 3.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Alphabet (Google) Class A
GOOGL
$4.22T
| $181M | 0.75% |
+3,440,000
| New | +$178M |
|
|
27
Marriott International
MAR
$92.9B
| $180M | 0.74% |
1,323,421
-3,307,562
| -71% | -$406M |
|
|
ETP
28
CALL
DELISTED
Energy Transfer Partners, L.P.
ETP
| $161M | 0.67% |
6,000,000
| – | – |
|
29
CALL
Nike
NKE
$60.5B
| $142M | 0.59% |
+2,269,000
| New | +$130M |
|
|
30
Newell Brands
NWL
$2.59B
| $120M | 0.49% |
+3,873,804
| New | +$134M |
|
|
31
CALL
MGM Resorts International
MGM
$11B
| $117M | 0.48% |
3,500,000
+1,500,000
| +75% | +$48.3M |
|
|
32
CALL
Meta Platforms (Facebook)
META
$1.4T
| $88.2M | 0.36% |
500,000
-1,092,600
| -69% | -$193M |
|
33
Home Depot
HD
$335B
| $79.4M | 0.33% |
+419,173
| New | +$72.3M |
|
34
SBA Communications
SBAC
$19.4B
| $70.2M | 0.29% |
429,590
-843,173
| -66% | -$134M |
|
35
CALL
Enterprise Products Partners
EPD
$82.1B
| $39.8M | 0.16% |
1,500,000
| – | – |
|
|
CRC
36
DELISTED
California Resources Corporation
CRC
| $26.4M | 0.11% |
1,358,329
-691,671
| -34% | -$9.71M |
|
37
CALL
Plains All American Pipeline
PAA
$17.4B
| $25.8M | 0.11% |
1,250,000
| – | – |
|
38
Advance Auto Parts
AAP
$2.57B
| – | – |
-2,402,883
| Closed | -$238M |
|
39
Comcast
CMCSA
$95.3B
| – | – |
-3,360,000
| Closed | -$126M |
|
|
40
CALL
Home Depot
HD
$335B
| – | – |
-2,000,000
| Closed | -$327M |
|
|
41
Meta Platforms (Facebook)
META
$1.4T
| – | – |
-1,651,900
| Closed | -$292M |
|
42
CALL
Norfolk Southern
NSC
$78.8B
| – | – |
-6,750,000
| Closed | -$893M |
|
|
WBA
43
DELISTED
Walgreens Boots Alliance
WBA
| – | – |
-8,024,784
| Closed | -$565M |
|
44
Westlake Corp
WLK
$10.1B
| – | – |
-1,398,431
| Closed | -$116M |
|
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Eric Mandelblatt's Q4 2017 Portfolio in Review
As of Q4 2017, Eric Mandelblatt held 44 positions worth $24.2B, down 8.7% from $26.5B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Eric Mandelblatt withdrew a net $3.39B in Q4 2017, closing 7 positions and reducing 13 holdings. Its most notable exit was Walgreens Boots Alliance, an estimated $565M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 13% of assets, up from 11% a quarter earlier, followed by Technology and Consumer Staples.
Against the trend, Eric Mandelblatt opened a new position in Alphabet (Google) Class A worth $181M.
- Eric Mandelblatt's largest Q4 2017 buy was Alphabet (Google) Class A: 3,440,000 shares worth $181M.
- Eric Mandelblatt added most to Charter Communications in Q4 2017, an estimated $488M increase.
- Eric Mandelblatt's biggest Q4 2017 reduction was Marriott International, cutting an estimated $406M.
- Eric Mandelblatt fully exited Walgreens Boots Alliance in Q4 2017, selling an estimated $565M.
- Eric Mandelblatt's ten largest holdings make up 58% of its $24.2B portfolio in Q4 2017.
- Eric Mandelblatt opened 4 new positions and closed 7 in Q4 2017.
- Eric Mandelblatt's portfolio value fell 8.7% quarter-over-quarter to $24.2B.
Based on Soroban Capital Partners's 13F filing for Q4 2017, filed 14 Feb 2018.