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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
+5.46%
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
$16.3B
AUM Growth
+$3.88B
(+31%)
Cap. Flow
+$639M
Cap. Flow % of AUM
Cap. Flow %
3.93%
Top 10 Holdings %
Top 10 Hldgs %
48.96%
Holding
52
New
20
Increased
10
Reduced
10
Closed
7
Avg Time Held
Equity + Options
0.5
years
Top 10 Avg Time Held
Equity + Options
0.6
years
Top 20 Avg Time Held
Equity + Options
0.6
years
Avg Time Held Equity only
0.8
years
Top 10 Avg Time Held Equity only
0.9
years
Top 20 Avg Time Held Equity only
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$903M |
| 2 |
Liberty Broadband Class C
LBRDK
|
+$518M |
| 3 |
Marathon Petroleum
MPC
|
+$395M |
| 4 |
Union Pacific
UNP
|
+$379M |
| 5 |
Walgreens Boots Alliance
WBA
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$1.66B |
| 2 |
Salesforce
CRM
|
+$309M |
| 3 |
Apple
AAPL
|
+$196M |
| 4 |
PF
Pinnacle Foods, Inc.
PF
|
+$103M |
| 5 |
Molson Coors Class B
TAP
|
+$64.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 58.15% |
| 2 | Technology | 10.45% |
| 3 | Communication Services | 10.29% |
| 4 | Consumer Staples | 6.64% |
| 5 | Energy | 5.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
CALL
AT&T
T
$160B
| $1.28B | 7.9% |
+39,339,880
| New | +$1.17B |
2016 Q2
0 quarters
|
|
2
CALL
AB InBev
BUD
$163B
| $1.19B | 7.3% |
9,010,000
+562,500
| +7% | +$70.8M |
2014 Q4
6 quarters
|
|
|
3
AB InBev
BUD
$163B
| $961M | 5.92% |
7,301,379
-271,394
| -4% | -$34.2M |
2013 Q4
10 quarters
|
|
|
4
Charter Communications
CHTR
$12.5B
| $960M | 5.91% |
+4,199,887
| New | +$903M |
2016 Q2
0 quarters
|
|
5
CALL
Verizon
VZ
$184B
| $737M | 4.54% |
+13,204,700
| New | +$685M |
2016 Q2
0 quarters
|
|
6
PUT
ExxonMobil
XOM
$734B
| $642M | 3.95% |
6,847,500
-2,965,500
| -30% | -$262M |
2013 Q2
12 quarters
|
|
|
7
CALL
Apple
AAPL
$5T
| $574M | 3.53% |
24,000,000
-37,920,000
| -61% | -$942M |
2016 Q1
1 quarter
|
|
8
Autodesk
ADSK
$50.5B
| $560M | 3.44% |
10,337,903
+1,303,844
| +14% | +$75.5M |
2013 Q3
11 quarters
|
|
|
9
DELISTED
Liberty Broadband Class C
LBRDK
| $534M | 3.28% |
+8,892,050
| New | +$518M |
2016 Q2
0 quarters
|
|
10
CALL
Visa
V
$757B
| $519M | 3.19% |
+7,000,000
| New | +$548M |
2016 Q2
0 quarters
|
|
11
Williams Companies
WMB
$86.2B
| $454M | 2.79% |
21,000,000
| – | – |
2013 Q2
12 quarters
|
|
12
Yum! Brands
YUM
$40.6B
| $441M | 2.72% |
7,405,317
-189,134
| -2% | -$11.1M |
2015 Q4
2 quarters
|
|
|
13
DELISTED
Walgreens Boots Alliance
WBA
| $437M | 2.69% |
5,244,858
+3,389,858
| +183% | +$274M |
2015 Q2
4 quarters
|
|
14
NXP Semiconductors
NXPI
$58.6B
| $417M | 2.57% |
5,326,377
+583,049
| +12% | +$50M |
2015 Q2
4 quarters
|
|
|
15
Marathon Petroleum
MPC
$133B
| $408M | 2.51% |
+10,741,137
| New | +$395M |
2016 Q2
0 quarters
|
|
16
CALL
Meta Platforms (Facebook)
META
$1.8T
| $406M | 2.5% |
+3,550,000
| New | +$409M |
2016 Q2
0 quarters
|
|
|
17
Union Pacific
UNP
$171B
| $391M | 2.4% |
+4,478,260
| New | +$379M |
2016 Q2
0 quarters
|
|
18
CALL
T-Mobile US
TMUS
$169B
| $389M | 2.4% |
+9,000,000
| New | +$369M |
2016 Q2
0 quarters
|
|
19
Broadcom
AVGO
$1.6T
| $388M | 2.39% |
24,984,570
-758,000
| -3% | -$11.5M |
2015 Q4
2 quarters
|
|
20
CALL
Coca-Cola
KO
$402B
| $363M | 2.23% |
8,000,000
-4,000,000
| -33% | -$181M |
2016 Q1
1 quarter
|
|
|
21
CALL
Marathon Petroleum
MPC
$133B
| $358M | 2.2% |
+9,420,000
| New | +$346M |
2016 Q2
0 quarters
|
|
|
22
CALL
Charter Communications
CHTR
$12.5B
| $332M | 2.04% |
1,451,000
+783,000
| +117% | +$168M |
2016 Q1
1 quarter
|
|
23
CALL
Comcast
CMCSA
$78.2B
| $261M | 1.6% |
+8,000,000
| New | +$248M |
2016 Q2
0 quarters
|
|
|
24
PUT
AT&T
T
$160B
| $227M | 1.4% |
6,951,000
+1,916,358
| +38% | +$57M |
2015 Q4
2 quarters
|
|
25
SBA Communications
SBAC
$19.3B
| $221M | 1.36% |
+2,050,901
| New | +$208M |
2016 Q2
0 quarters
|
|
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Eric Mandelblatt's Q2 2016 Portfolio in Review
As of Q2 2016, Eric Mandelblatt held 52 positions worth $16.3B, up 31% from $12.4B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Eric Mandelblatt deployed $639M of net new capital in Q2 2016, opening 20 new positions and adding to 10 existing holdings. Its largest new stake was Charter Communications: 4,199,887 shares worth $960M.
By sector, the portfolio is most concentrated in Miscellaneous at 58% of assets, up from 52% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Apple, an estimated $196M trimmed.
- Eric Mandelblatt's largest Q2 2016 buy was Charter Communications: 4,199,887 shares worth $960M.
- Eric Mandelblatt added most to Walgreens Boots Alliance in Q2 2016, an estimated $274M increase.
- Eric Mandelblatt's biggest Q2 2016 reduction was Apple, cutting an estimated $196M.
- Eric Mandelblatt fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $1.66B.
- Eric Mandelblatt's ten largest holdings make up 49% of its $16.3B portfolio in Q2 2016.
- Eric Mandelblatt opened 20 new positions and closed 7 in Q2 2016.
- Eric Mandelblatt's portfolio value rose 31% quarter-over-quarter to $16.3B.
Based on Soroban Capital Partners's 13F filing for Q2 2016, filed 15 Aug 2016.