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 | |
|---|---|---|---|---|---|---|
|
TWC
1
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $1.41B | 10.2% |
7,837,334
+221,000
| +3% | +$41.3M |
|
|
TWC
2
CALL
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $1.17B | 8.46% |
6,500,000
+3,225,000
| +98% | +$602M |
|
3
PUT
ExxonMobil
XOM
$679B
| $1.04B | 7.53% |
13,951,100
+11,291,100
| +424% | +$870M |
|
|
4
AB InBev
BUD
$155B
| $972M | 7.05% |
9,139,603
+1,687,150
| +23% | +$196M |
|
5
CALL
Kinder Morgan
KMI
$69B
| $955M | 6.93% |
34,500,000
-1,390,000
| -4% | -$46M |
|
|
PCP
6
DELISTED
PRECISION CASTPARTS CORP
PCP
| $852M | 6.18% |
3,710,055
+536,000
| +17% | +$115M |
|
7
Williams Companies
WMB
$86.2B
| $774M | 5.61% |
21,000,000
| – | – |
|
|
8
Autodesk
ADSK
$53.6B
| $681M | 4.94% |
15,423,693
+5,086,147
| +49% | +$255M |
|
|
BRCM
9
DELISTED
BROADCOM CORP CL-A
BRCM
| $647M | 4.69% |
+12,579,776
| New | +$647M |
|
|
10
CALL
AB InBev
BUD
$155B
| $645M | 4.68% |
6,062,700
+490,900
| +9% | +$57M |
|
11
Booking.com
BKNG
$158B
| $566M | 4.11% |
11,444,100
-1,521,750
| -12% | -$75.6M |
|
12
CALL
Verizon
VZ
$205B
| $544M | 3.95% |
12,500,000
-2,500,000
| -17% | -$115M |
|
|
13
NXP Semiconductors
NXPI
$56.9B
| $439M | 3.19% |
5,045,479
+3,645,941
| +261% | +$329M |
|
14
Air Products & Chemicals
APD
$67.9B
| $338M | 2.45% |
2,865,246
-83,854
| -3% | -$10.7M |
|
15
CALL
GE Aerospace
GE
$361B
| $315M | 2.29% |
2,608,276
| – | – |
|
|
PF
16
DELISTED
Pinnacle Foods, Inc.
PF
| $226M | 1.64% |
5,392,696
+713,000
| +15% | +$32.2M |
|
17
National Fuel Gas
NFG
$7.84B
| $210M | 1.52% |
4,200,000
| – | – |
|
|
18
Plains GP Holdings
PAGP
$5.31B
| $194M | 1.41% |
4,169,241
+2,667,176
| +178% | +$149M |
|
|
WBA
19
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $166M | 1.21% |
+2,000,000
| New | +$181M |
|
|
PARA
20
DELISTED
Paramount Global Class B
PARA
| $147M | 1.07% |
3,690,604
-5,395,491
| -59% | -$262M |
|
21
Baidu
BIDU
$31.6B
| $146M | 1.06% |
1,063,779
+59,979
| +6% | +$9.89M |
|
22
CALL
Dollar General
DG
$27.2B
| $145M | 1.05% |
2,000,000
| – | – |
|
23
Molson Coors Class B
TAP
$8.01B
| $142M | 1.03% |
1,712,341
| – | – |
|
|
APC
24
CALL
DELISTED
Anadarko Petroleum
APC
| $123M | 0.89% |
2,030,000
| – | – |
|
25
Conagra Brands
CAG
$7.89B
| $113M | 0.82% |
3,590,290
+660,490
| +23% | +$22.2M |
|
Similar funds
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.