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Eric Mandelblatt Soroban Capital Partners
AUM
$47.8B
Turnover
16.67%
1-Year Est. Return
11.8%
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.
This Fund
S&P 500
This Quarter Est. Return
+2.58%
1 Year Est. Return
+11.8%
3 Year Est. Return
+67.01%
5 Year Est. Return
+109.29%
10 Year Est. Return
+430.8%
AUM
$7.91B
AUM Growth
-$3.65B
(-32%)
Cap. Flow
-$781M
Cap. Flow % of AUM
Cap. Flow %
-9.88%
Top 10 Holdings %
Top 10 Hldgs %
60.21%
Holding
53
New
9
Increased
5
Reduced
17
Closed
19
Avg Time Held
Equity + Options
0.4
years
Top 10 Avg Time Held
Equity + Options
0.4
years
Top 20 Avg Time Held
Equity + Options
0.4
years
Avg Time Held Equity only
0.4
years
Top 10 Avg Time Held Equity only
0.5
years
Top 20 Avg Time Held Equity only
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cheniere Energy
LNG
|
+$159M |
| 2 |
Air Products & Chemicals
APD
|
+$156M |
| 3 |
Williams Companies
WMB
|
+$144M |
| 4 |
Baidu
BIDU
|
+$143M |
| 5 |
GNC
GNC Holdings, Inc.
GNC
|
+$124M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vodafone
VOD
|
+$440M |
| 2 |
Wynn Resorts
WYNN
|
+$218M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$119M |
| 4 |
SEMGROUP CORPORATION
SEMG
|
+$116M |
| 5 |
LyondellBasell Industries
LYB
|
+$111M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 34.79% |
| 2 | Energy | 16.23% |
| 3 | Technology | 12.03% |
| 4 | Communication Services | 11.38% |
| 5 | Consumer Staples | 11.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
CALL
United Parcel Service
UPS
$97.3B
| $1.02B | 12.93% |
10,500,000
-4,250,000
| -29% | -$414M |
2013 Q2
3 quarters
|
|
|
2
Williams Companies
WMB
$83B
| $852M | 10.78% |
21,000,000
+3,564,599
| +20% | +$144M |
2013 Q2
3 quarters
|
|
|
3
Cheniere Energy
LNG
$59.6B
| $431M | 5.45% |
7,790,695
+3,310,885
| +74% | +$159M |
2013 Q2
3 quarters
|
|
4
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.8B
| $401M | 5.07% |
9,000,000
-11,000,000
| -55% | -$475M |
2013 Q4
1 quarter
|
|
5
CALL
Walt Disney
DIS
$205B
| $400M | 5.06% |
5,000,000
-5,000,000
| -50% | -$388M |
2013 Q2
3 quarters
|
|
6
Dollar General
DG
$31.2B
| $375M | 4.74% |
6,750,410
-683,714
| -9% | -$39.8M |
2013 Q2
3 quarters
|
|
7
Autodesk
ADSK
$56.4B
| $354M | 4.47% |
7,188,025
-1,838,035
| -20% | -$95.2M |
2013 Q3
2 quarters
|
|
8
PUT
ExxonMobil
XOM
$690B
| $342M | 4.32% |
3,500,000
-3,000,000
| -46% | -$286M |
2013 Q2
3 quarters
|
|
9
DELISTED
Paramount Global Class B
PARA
| $308M | 3.89% |
4,982,697
-928,303
| -16% | -$58.6M |
2013 Q2
3 quarters
|
|
|
NLSN
10
DELISTED
Nielsen Holdings plc
NLSN
| $276M | 3.49% |
6,191,934
-743,909
| -11% | -$33.3M |
2013 Q2
3 quarters
|
|
|
TWC
11
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $270M | 3.42% |
1,970,156
| – | – |
2013 Q3
2 quarters
|
|
12
AB InBev
BUD
$165B
| $258M | 3.26% |
2,448,560
+990,200
| +68% | +$100M |
2013 Q4
1 quarter
|
|
13
PUT
BHP
BHP
$204B
| $254M | 3.21% |
4,434,956
+2,542,708
| +134% | +$143M |
2013 Q4
1 quarter
|
|
14
Coca-Cola Europacific Partners
CCEP
$50.9B
| $251M | 3.17% |
5,246,406
-2,346,413
| -31% | -$107M |
2013 Q2
3 quarters
|
|
15
CenterPoint Energy
CNP
$28.2B
| $218M | 2.76% |
9,201,435
-2,500,000
| -21% | -$58.7M |
2013 Q4
1 quarter
|
|
16
Huntsman Corp
HUN
$1.75B
| $213M | 2.7% |
8,738,428
-2,711,572
| -24% | -$62.9M |
2013 Q2
3 quarters
|
|
17
NXP Semiconductors
NXPI
$66.8B
| $204M | 2.58% |
3,472,400
-875,673
| -20% | -$45.7M |
2013 Q2
3 quarters
|
|
18
Cadence Design Systems
CDNS
$88.8B
| $203M | 2.57% |
13,066,390
+150,000
| +1% | +$2.22M |
2013 Q4
1 quarter
|
|
|
19
Air Products & Chemicals
APD
$69.7B
| $162M | 2.05% |
+1,471,893
| New | +$156M |
2014 Q1
0 quarters
|
|
20
CALL
Occidental Petroleum
OXY
$57.3B
| $162M | 2.05% |
1,774,521
-1,975,030
| -53% | -$176M |
2013 Q3
2 quarters
|
|
|
21
Baidu
BIDU
$27.4B
| $130M | 1.64% |
+852,000
| New | +$143M |
2014 Q1
0 quarters
|
|
|
22
CALL
Dollar General
DG
$31.2B
| $111M | 1.4% |
2,000,000
-5,000,000
| -71% | -$291M |
2013 Q2
3 quarters
|
|
|
GNC
23
DELISTED
GNC Holdings, Inc.
GNC
| $110M | 1.4% |
+2,507,565
| New | +$124M |
2014 Q1
0 quarters
|
|
24
Corpay
CPAY
$27.5B
| $110M | 1.39% |
+954,799
| New | +$111M |
2014 Q1
0 quarters
|
|
25
WESCO International
WCC
$15.4B
| $108M | 1.37% |
1,298,716
| – | – |
2013 Q2
3 quarters
|
|
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Eric Mandelblatt's Q1 2014 Portfolio in Review
As of Q1 2014, Eric Mandelblatt held 53 positions worth $7.91B, down 32% from $11.6B the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Eric Mandelblatt withdrew a net $781M in Q1 2014, closing 19 positions and reducing 17 holdings. Its most notable exit was Vodafone, an estimated $440M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 35% of assets, down from 50% a quarter earlier, followed by Energy and Technology.
Against the trend, Eric Mandelblatt opened a new position in Air Products & Chemicals worth $162M.
- Eric Mandelblatt's largest Q1 2014 buy was Air Products & Chemicals: 1,471,893 shares worth $162M.
- Eric Mandelblatt added most to Cheniere Energy in Q1 2014, an estimated $159M increase.
- Eric Mandelblatt's biggest Q1 2014 reduction was Wynn Resorts, cutting an estimated $218M.
- Eric Mandelblatt fully exited Vodafone in Q1 2014, selling an estimated $440M.
- Eric Mandelblatt's ten largest holdings make up 60% of its $7.91B portfolio in Q1 2014.
- Eric Mandelblatt opened 9 new positions and closed 19 in Q1 2014.
- Eric Mandelblatt's portfolio value fell 32% quarter-over-quarter to $7.91B.
Based on Soroban Capital Partners's 13F filing for Q1 2014, filed 15 May 2014.