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 |
NXP Semiconductors
NXPI
|
+$742M |
| 2 |
MGM Resorts International
MGM
|
+$517M |
| 3 |
PX
Praxair Inc
PX
|
+$353M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$314M |
| 5 |
Union Pacific
UNP
|
+$232M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marathon Petroleum
MPC
|
+$328M |
| 2 |
Comcast
CMCSA
|
+$236M |
| 3 |
Constellation Brands
STZ
|
+$230M |
| 4 |
Dollar Tree
DLTR
|
+$192M |
| 5 |
SBA Communications
SBAC
|
+$175M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 9.68% |
| 2 | Communication Services | 9.54% |
| 3 | Consumer Staples | 8.45% |
| 4 | Consumer Discretionary | 7.28% |
| 5 | Materials | 6.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
51
Marathon Petroleum
MPC
$101B
| – | – |
-6,487,889
| Closed | -$328M |
|
52
CALL
AT&T
T
$173B
| – | – |
-23,170,000
| Closed | -$727M |
|
|
ETP
53
CALL
DELISTED
Energy Transfer Partners L.p.
ETP
| – | – |
-2,054,400
| Closed | -$50.2M |
|
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Eric Mandelblatt's Q2 2017 Portfolio in Review
As of Q2 2017, Eric Mandelblatt held 53 positions worth $25.7B, up 35% from $19.1B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Eric Mandelblatt deployed $6.1B of net new capital in Q2 2017, opening 13 new positions and adding to 13 existing holdings. Its largest new stake was MGM Resorts International: 16,724,308 shares worth $523M.
By sector, the portfolio is most concentrated in Technology at 9.7% of assets, up from 8.3% a quarter earlier, followed by Communication Services and Consumer Staples.
On the sell side, the largest reduction was Constellation Brands, an estimated $230M trimmed.
- Eric Mandelblatt's largest Q2 2017 buy was MGM Resorts International: 16,724,308 shares worth $523M.
- Eric Mandelblatt added most to NXP Semiconductors in Q2 2017, an estimated $742M increase.
- Eric Mandelblatt's biggest Q2 2017 reduction was Constellation Brands, cutting an estimated $230M.
- Eric Mandelblatt fully exited Marathon Petroleum in Q2 2017, selling an estimated $328M.
- Eric Mandelblatt's ten largest holdings make up 56% of its $25.7B portfolio in Q2 2017.
- Eric Mandelblatt opened 13 new positions and closed 9 in Q2 2017.
- Eric Mandelblatt's portfolio value rose 35% quarter-over-quarter to $25.7B.
Based on Soroban Capital Partners's 13F filing for Q2 2017, filed 14 Aug 2017.