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 |
Microsoft
MSFT
|
+$206M |
| 2 |
Mastercard
MA
|
+$190M |
| 3 |
Entergy
ETR
|
+$136M |
| 4 |
McDonald's
MCD
|
+$131M |
| 5 |
WEC Energy
WEC
|
+$129M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CSX Corp
CSX
|
+$329M |
| 2 |
Union Pacific
UNP
|
+$328M |
| 3 |
Exelon
EXC
|
+$284M |
| 4 |
American Electric Power
AEP
|
+$215M |
| 5 |
Lowe's Companies
LOW
|
+$66.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.45% |
| 2 | Utilities | 20.89% |
| 3 | Financials | 17% |
| 4 | Industrials | 15.88% |
| 5 | Communication Services | 15.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AVB
26
DELISTED
AvalonBay Communities
AVB
| – | – |
-74,975
| Closed | -$13.9M |
|
|
VMRK
27
Vivmark Residential
VMRK
$25B
| – | – |
-128,334
| Closed | -$8.1M |
|
28
Mid-America Apartment Communities
MAA
$15.2B
| – | – |
-150,550
| Closed | -$19.8M |
|
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Eric Mandelblatt's Q2 2024 Portfolio in Review
As of Q2 2024, Eric Mandelblatt held 28 positions worth $6.81B, up 2.9% from $6.62B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Eric Mandelblatt deployed $225M of net new capital in Q2 2024, opening 4 new positions and adding to 14 existing holdings. Its largest new stake was McDonald's: 491,928 shares worth $125M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 17% a quarter earlier, followed by Utilities and Financials.
On the sell side, the largest reduction was CSX Corp, an estimated $329M trimmed.
- Eric Mandelblatt's largest Q2 2024 buy was McDonald's: 491,928 shares worth $125M.
- Eric Mandelblatt added most to Microsoft in Q2 2024, an estimated $206M increase.
- Eric Mandelblatt's biggest Q2 2024 reduction was CSX Corp, cutting an estimated $329M.
- Eric Mandelblatt fully exited Mid-America Apartment Communities in Q2 2024, selling an estimated $19.8M.
- Eric Mandelblatt's ten largest holdings make up 77% of its $6.81B portfolio in Q2 2024.
- Eric Mandelblatt opened 4 new positions and closed 3 in Q2 2024.
- Eric Mandelblatt's portfolio value rose 2.9% quarter-over-quarter to $6.81B.
Based on Soroban Capital Partners's 13F filing for Q2 2024, filed 14 Aug 2024.