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 |
Ameren
AEE
|
+$240M |
| 2 |
American Electric Power
AEP
|
+$184M |
| 3 |
FirstEnergy
FE
|
+$127M |
| 4 |
Exelon
EXC
|
+$67.2M |
| 5 |
CMS Energy
CMS
|
+$26.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Union Pacific
UNP
|
+$884M |
| 2 |
Teck Resources
TECK
|
+$372M |
| 3 |
Microsoft
MSFT
|
+$292M |
| 4 |
EQT Corp
EQT
|
+$215M |
| 5 |
Cenovus Energy
CVE
|
+$167M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 28.58% |
| 2 | Utilities | 21.18% |
| 3 | Technology | 17.5% |
| 4 | Financials | 12.83% |
| 5 | Communication Services | 11.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Camden Property Trust
CPT
$10.8B
| – | – |
-464,575
| Closed | -$46.1M |
|
|
27
Cenovus Energy
CVE
$60.7B
| – | – |
-10,024,149
| Closed | -$167M |
|
|
28
EQT Corp
EQT
$33.6B
| – | – |
-5,556,989
| Closed | -$215M |
|
|
29
Teck Resources
TECK
$33.9B
| – | – |
-8,795,582
| Closed | -$372M |
|
30
UDR
UDR
$12.1B
| – | – |
-1,248,995
| Closed | -$47.8M |
|
31
Westlake Corp
WLK
$10.1B
| – | – |
-871,479
| Closed | -$122M |
|
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Eric Mandelblatt's Q1 2024 Portfolio in Review
As of Q1 2024, Eric Mandelblatt held 31 positions worth $6.62B, down 18% from $8.08B the previous quarter. Its ten largest holdings account for 85% of the portfolio.
Eric Mandelblatt withdrew a net $1.92B in Q1 2024, closing 7 positions and reducing 8 holdings. Its most notable exit was Teck Resources, an estimated $372M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 29% of assets, down from 35% a quarter earlier, followed by Utilities and Technology.
Against the trend, Eric Mandelblatt opened a new position in FirstEnergy worth $131M.
- Eric Mandelblatt's largest Q1 2024 buy was FirstEnergy: 3,384,279 shares worth $131M.
- Eric Mandelblatt added most to Ameren in Q1 2024, an estimated $240M increase.
- Eric Mandelblatt's biggest Q1 2024 reduction was Union Pacific, cutting an estimated $884M.
- Eric Mandelblatt fully exited Teck Resources in Q1 2024, selling an estimated $372M.
- Eric Mandelblatt's ten largest holdings make up 85% of its $6.62B portfolio in Q1 2024.
- Eric Mandelblatt opened 2 new positions and closed 7 in Q1 2024.
- Eric Mandelblatt's portfolio value fell 18% quarter-over-quarter to $6.62B.
Based on Soroban Capital Partners's 13F filing for Q1 2024, filed 15 May 2024.