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 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$647M |
| 2 |
NXP Semiconductors
NXPI
|
+$329M |
| 3 |
Autodesk
ADSK
|
+$255M |
| 4 |
AB InBev
BUD
|
+$196M |
| 5 |
Plains GP Holdings
PAGP
|
+$149M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cheniere Energy
LNG
|
+$362M |
| 2 |
PARA
Paramount Global Class B
PARA
|
+$262M |
| 3 |
Corpay
CPAY
|
+$165M |
| 4 |
Signet Jewelers
SIG
|
+$146M |
| 5 |
TWX
Time Warner Inc
TWX
|
+$134M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 12.33% |
| 2 | Consumer Staples | 11.03% |
| 3 | Energy | 9.88% |
| 4 | Technology | 8.13% |
| 5 | Industrials | 6.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CALL
TripAdvisor
TRIP
$1.17B
| – | – |
-250,000
| Closed | -$21.8M |
|
|
52
Corpay
CPAY
$27.4B
| – | – |
-1,054,580
| Closed | -$165M |
|
|
TWX
53
CALL
DELISTED
Time Warner Inc
TWX
| – | – |
-5,019,500
| Closed | -$439M |
|
|
TWX
54
DELISTED
Time Warner Inc
TWX
| – | – |
-1,530,185
| Closed | -$134M |
|
|
SE
55
CALL
DELISTED
Spectra Energy Corp Wi
SE
| – | – |
-3,000,000
| Closed | -$97.8M |
|
|
PCP
56
CALL
DELISTED
PRECISION CASTPARTS CORP
PCP
| – | – |
-1,000,000
| Closed | -$200M |
|
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Eric Mandelblatt's Q3 2015 Portfolio in Review
As of Q3 2015, Eric Mandelblatt held 56 positions worth $13.8B, down 6.2% from $14.7B the previous quarter. Its ten largest holdings account for 66% of the portfolio.
Eric Mandelblatt deployed $843M of net new capital in Q3 2015, opening 7 new positions and adding to 14 existing holdings. Its largest new stake was BROADCOM CORP CL-A: 12,579,776 shares worth $647M.
By sector, the portfolio is most concentrated in Communication Services at 12% of assets, down from 16% a quarter earlier, followed by Consumer Staples and Energy.
On the sell side, the largest reduction was Paramount Global Class B, an estimated $262M trimmed.
- Eric Mandelblatt's largest Q3 2015 buy was BROADCOM CORP CL-A: 12,579,776 shares worth $647M.
- Eric Mandelblatt added most to NXP Semiconductors in Q3 2015, an estimated $329M increase.
- Eric Mandelblatt's biggest Q3 2015 reduction was Paramount Global Class B, cutting an estimated $262M.
- Eric Mandelblatt fully exited Cheniere Energy in Q3 2015, selling an estimated $362M.
- Eric Mandelblatt's ten largest holdings make up 66% of its $13.8B portfolio in Q3 2015.
- Eric Mandelblatt opened 7 new positions and closed 15 in Q3 2015.
- Eric Mandelblatt's portfolio value fell 6.2% quarter-over-quarter to $13.8B.
Based on Soroban Capital Partners's 13F filing for Q3 2015, filed 16 Nov 2015.