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 |
Cenovus Energy
CVE
|
+$570M |
| 2 |
Yum! Brands
YUM
|
+$250M |
| 3 |
X
US Steel
X
|
+$150M |
| 4 |
Nutrien
NTR
|
+$124M |
| 5 |
Amazon
AMZN
|
+$84.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$533M |
| 2 |
Fidelity National Information Services
FIS
|
+$405M |
| 3 |
Netflix
NFLX
|
+$320M |
| 4 |
Mastercard
MA
|
+$293M |
| 5 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$291M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.38% |
| 2 | Materials | 20.71% |
| 3 | Technology | 17.64% |
| 4 | Consumer Discretionary | 14.05% |
| 5 | Energy | 10.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Wabtec
WAB
$50.3B
| – | – |
-2,145,863
| Closed | -$198M |
|
|
POND
52
DELISTED
Angel Pond Holdings Corporation
POND
| – | – |
-1,200,000
| Closed | -$11.6M |
|
|
POND.WS
53
DELISTED
Angel Pond Holdings Corporation Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share
POND.WS
| – | – |
-65,930
| Closed | -$51K |
|
|
INFO
54
DELISTED
IHS Markit Ltd. Common Shares
INFO
| – | – |
-2,188,681
| Closed | -$291M |
|
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Eric Mandelblatt's Q1 2022 Portfolio in Review
As of Q1 2022, Eric Mandelblatt held 54 positions worth $12.7B, down 3.9% from $13.2B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Eric Mandelblatt withdrew a net $1.19B in Q1 2022, closing 11 positions and reducing 8 holdings. Its most notable exit was Meta Platforms (Facebook), an estimated $533M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, down from 22% a quarter earlier, followed by Materials and Technology.
Against the trend, Eric Mandelblatt opened a new position in Yum! Brands worth $240M.
- Eric Mandelblatt's largest Q1 2022 buy was Yum! Brands: 2,025,602 shares worth $240M.
- Eric Mandelblatt added most to Cenovus Energy in Q1 2022, an estimated $570M increase.
- Eric Mandelblatt's biggest Q1 2022 reduction was Alphabet (Google) Class C, cutting an estimated $190M.
- Eric Mandelblatt fully exited Meta Platforms (Facebook) in Q1 2022, selling an estimated $533M.
- Eric Mandelblatt's ten largest holdings make up 69% of its $12.7B portfolio in Q1 2022.
- Eric Mandelblatt opened 2 new positions and closed 11 in Q1 2022.
- Eric Mandelblatt's portfolio value fell 3.9% quarter-over-quarter to $12.7B.
Based on Soroban Capital Partners's 13F filing for Q1 2022, filed 16 May 2022.