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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
+1.1%
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
$14.7B
AUM Growth
+$3.99B
(+37%)
Cap. Flow
+$584M
Cap. Flow % of AUM
Cap. Flow %
3.97%
Top 10 Holdings %
Top 10 Hldgs %
58.14%
Holding
58
New
19
Increased
11
Reduced
8
Closed
9
Avg Time Held
Equity + Options
0.6
years
Top 10 Avg Time Held
Equity + Options
0.5
years
Top 20 Avg Time Held
Equity + Options
0.5
years
Avg Time Held Equity only
0.8
years
Top 10 Avg Time Held Equity only
1.1
years
Top 20 Avg Time Held Equity only
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
National Fuel Gas
NFG
|
+$265M |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$240M |
| 3 |
AB InBev
BUD
|
+$198M |
| 4 |
PF
Pinnacle Foods, Inc.
PF
|
+$198M |
| 5 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$148M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Paramount Global Class B
PARA
|
+$198M |
| 2 |
Sensata Technologies
ST
|
+$174M |
| 3 |
Cadence Design Systems
CDNS
|
+$151M |
| 4 |
Dollar General
DG
|
+$133M |
| 5 |
LO
LORILLARD INC COM STK
LO
|
+$128M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 40.9% |
| 2 | Communication Services | 15.61% |
| 3 | Energy | 14.44% |
| 4 | Consumer Staples | 9.54% |
| 5 | Technology | 5.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
CALL
Kinder Morgan
KMI
$75.1B
| $1.38B | 9.38% |
+35,890,000
| New | +$1.5B |
2015 Q2
0 quarters
|
|
|
TWC
2
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $1.36B | 9.23% |
7,616,334
+1,450,300
| +24% | +$240M |
2013 Q3
7 quarters
|
|
3
Williams Companies
WMB
$86.4B
| $1.21B | 8.2% |
21,000,000
| – | – |
2013 Q2
8 quarters
|
|
|
4
AB InBev
BUD
$168B
| $899M | 6.12% |
7,452,453
+1,614,281
| +28% | +$198M |
2013 Q4
6 quarters
|
|
5
CALL
Verizon
VZ
$188B
| $699M | 4.76% |
15,000,000
+14,000,000
| +1,400% | +$685M |
2014 Q4
2 quarters
|
|
|
6
CALL
AB InBev
BUD
$168B
| $672M | 4.58% |
5,571,800
+1,111,800
| +25% | +$136M |
2014 Q4
2 quarters
|
|
|
PCP
7
DELISTED
PRECISION CASTPARTS CORP
PCP
| $634M | 4.32% |
3,174,055
+706,600
| +29% | +$148M |
2015 Q1
1 quarter
|
|
8
Booking.com
BKNG
$121B
| $597M | 4.06% |
12,965,850
-49,400
| -0.4% | -$2.36M |
2014 Q4
2 quarters
|
|
|
TWC
9
CALL
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $584M | 3.97% |
+3,275,000
| New | +$543M |
2015 Q2
0 quarters
|
|
10
Autodesk
ADSK
$53.3B
| $518M | 3.52% |
10,337,546
-141,450
| -1% | -$8.09M |
2013 Q3
7 quarters
|
|
|
11
DELISTED
Paramount Global Class B
PARA
| $504M | 3.43% |
9,086,095
-3,277,601
| -27% | -$198M |
2013 Q2
8 quarters
|
|
|
TWX
12
CALL
DELISTED
Time Warner Inc
TWX
| $439M | 2.99% |
+5,019,500
| New | +$428M |
2015 Q2
0 quarters
|
|
13
Air Products & Chemicals
APD
$68.6B
| $373M | 2.54% |
2,949,100
| – | – |
2014 Q4
2 quarters
|
|
14
Cheniere Energy
LNG
$59.3B
| $362M | 2.46% |
5,222,000
| – | – |
2013 Q2
8 quarters
|
|
15
CALL
GE Aerospace
GE
$305B
| $332M | 2.26% |
2,608,276
-312,993
| -11% | -$40.6M |
2015 Q1
1 quarter
|
|
16
CALL
Meta Platforms (Facebook)
META
$1.65T
| $274M | 1.87% |
+3,200,000
| New | +$261M |
2015 Q2
0 quarters
|
|
|
17
National Fuel Gas
NFG
$7.69B
| $247M | 1.68% |
+4,200,000
| New | +$265M |
2015 Q2
0 quarters
|
|
18
PUT
ExxonMobil
XOM
$733B
| $221M | 1.51% |
2,660,000
+1,410,000
| +113% | +$121M |
2013 Q2
8 quarters
|
|
|
PF
19
DELISTED
Pinnacle Foods, Inc.
PF
| $213M | 1.45% |
+4,679,696
| New | +$198M |
2015 Q2
0 quarters
|
|
20
DELISTED
California Resources Corporation
CRC
| $205M | 1.39% |
3,391,000
| – | – |
2015 Q1
1 quarter
|
|
|
PCP
21
CALL
DELISTED
PRECISION CASTPARTS CORP
PCP
| $200M | 1.36% |
+1,000,000
| New | +$210M |
2015 Q2
0 quarters
|
|
22
Baidu
BIDU
$26.6B
| $200M | 1.36% |
1,003,800
+388,800
| +63% | +$79.6M |
2015 Q1
1 quarter
|
|
|
AXLL
23
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $189M | 1.29% |
5,254,275
+514,258
| +11% | +$20.5M |
2014 Q3
3 quarters
|
|
24
Corpay
CPAY
$27.2B
| $165M | 1.12% |
1,054,580
+100,558
| +11% | +$15.8M |
2014 Q1
5 quarters
|
|
25
CALL
DELISTED
Anadarko Petroleum
APC
| $158M | 1.08% |
2,030,000
| – | – |
2014 Q2
4 quarters
|
|
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Eric Mandelblatt's Q2 2015 Portfolio in Review
As of Q2 2015, Eric Mandelblatt held 58 positions worth $14.7B, up 37% from $10.7B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Eric Mandelblatt deployed $584M of net new capital in Q2 2015, opening 19 new positions and adding to 11 existing holdings. Its largest new stake was National Fuel Gas: 4,200,000 shares worth $247M.
By sector, the portfolio is most concentrated in Miscellaneous at 41% of assets, up from 24% a quarter earlier, followed by Communication Services and Energy.
On the sell side, the largest reduction was Paramount Global Class B, an estimated $198M trimmed.
- Eric Mandelblatt's largest Q2 2015 buy was National Fuel Gas: 4,200,000 shares worth $247M.
- Eric Mandelblatt added most to TIME WARNER CABLE INC NEW COM STK in Q2 2015, an estimated $240M increase.
- Eric Mandelblatt's biggest Q2 2015 reduction was Paramount Global Class B, cutting an estimated $198M.
- Eric Mandelblatt fully exited Sensata Technologies in Q2 2015, selling an estimated $174M.
- Eric Mandelblatt's ten largest holdings make up 58% of its $14.7B portfolio in Q2 2015.
- Eric Mandelblatt opened 19 new positions and closed 9 in Q2 2015.
- Eric Mandelblatt's portfolio value rose 37% quarter-over-quarter to $14.7B.
Based on Soroban Capital Partners's 13F filing for Q2 2015, filed 14 Aug 2015.