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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
+15.83%
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
$16.5B
AUM Growth
+$239M
(+1.5%)
Cap. Flow
+$342M
Cap. Flow % of AUM
Cap. Flow %
2.07%
Top 10 Holdings %
Top 10 Hldgs %
49.4%
Holding
60
New
15
Increased
8
Reduced
15
Closed
9
Avg Time Held
Equity + Options
0.5
years
Top 10 Avg Time Held
Equity + Options
0.8
years
Top 20 Avg Time Held
Equity + Options
0.7
years
Avg Time Held Equity only
0.7
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 |
LyondellBasell Industries
LYB
|
+$427M |
| 2 |
Booking.com
BKNG
|
+$211M |
| 3 |
AB InBev
BUD
|
+$98.8M |
| 4 |
Westlake Corp
WLK
|
+$97.6M |
| 5 |
Advance Auto Parts
AAP
|
+$96.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Yum! Brands
YUM
|
+$226M |
| 2 |
Apple
AAPL
|
+$137M |
| 3 |
PF
Pinnacle Foods, Inc.
PF
|
+$118M |
| 4 |
Corpay
CPAY
|
+$78.6M |
| 5 |
Broadcom
AVGO
|
+$78.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 50.47% |
| 2 | Communication Services | 11.9% |
| 3 | Technology | 10.79% |
| 4 | Energy | 6.71% |
| 5 | Consumer Staples | 6.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
CALL
AB InBev
BUD
$164B
| $1.16B | 7.02% |
8,810,000
-200,000
| -2% | -$25.3M |
2014 Q4
7 quarters
|
|
2
Charter Communications
CHTR
$12.6B
| $1.13B | 6.88% |
4,199,887
| – | – |
2016 Q2
1 quarter
|
|
|
3
AB InBev
BUD
$164B
| $1.06B | 6.44% |
8,082,861
+781,482
| +11% | +$98.8M |
2013 Q4
11 quarters
|
|
4
CALL
Verizon
VZ
$185B
| $741M | 4.49% |
14,250,000
+1,045,300
| +8% | +$56.1M |
2016 Q2
1 quarter
|
|
|
5
CALL
Apple
AAPL
$4.95T
| $735M | 4.46% |
26,000,000
+2,000,000
| +8% | +$52.9M |
2016 Q1
2 quarters
|
|
6
CALL
AT&T
T
$160B
| $731M | 4.44% |
23,845,240
-15,494,640
| -39% | -$490M |
2016 Q2
1 quarter
|
|
7
Autodesk
ADSK
$51.3B
| $726M | 4.4% |
10,035,141
-302,762
| -3% | -$19.1M |
2013 Q3
12 quarters
|
|
8
Williams Companies
WMB
$86B
| $645M | 3.91% |
21,000,000
| – | – |
2013 Q2
13 quarters
|
|
9
DELISTED
Liberty Broadband Class C
LBRDK
| $636M | 3.85% |
8,892,050
| – | – |
2016 Q2
1 quarter
|
|
10
CALL
Visa
V
$763B
| $579M | 3.51% |
7,000,000
| – | – |
2016 Q2
1 quarter
|
|
11
NXP Semiconductors
NXPI
$59.9B
| $534M | 3.24% |
5,235,837
-90,540
| -2% | -$7.67M |
2015 Q2
5 quarters
|
|
|
12
LyondellBasell Industries
LYB
$20.7B
| $445M | 2.7% |
+5,519,993
| New | +$427M |
2016 Q3
0 quarters
|
|
13
Marathon Petroleum
MPC
$133B
| $436M | 2.64% |
10,741,137
| – | – |
2016 Q2
1 quarter
|
|
14
Union Pacific
UNP
$171B
| $426M | 2.58% |
4,368,260
-110,000
| -2% | -$10.3M |
2016 Q2
1 quarter
|
|
15
CALL
T-Mobile US
TMUS
$169B
| $420M | 2.55% |
9,000,000
| – | – |
2016 Q2
1 quarter
|
|
|
16
CALL
Marathon Petroleum
MPC
$133B
| $382M | 2.32% |
9,420,000
| – | – |
2016 Q2
1 quarter
|
|
17
DELISTED
Walgreens Boots Alliance
WBA
| $372M | 2.25% |
4,609,187
-635,671
| -12% | -$51.8M |
2015 Q2
5 quarters
|
|
|
18
Broadcom
AVGO
$1.6T
| $350M | 2.12% |
20,310,950
-4,673,620
| -19% | -$78.2M |
2015 Q4
3 quarters
|
|
19
CALL
Comcast
CMCSA
$79.3B
| $332M | 2.01% |
10,000,000
+2,000,000
| +25% | +$66.6M |
2016 Q2
1 quarter
|
|
20
CALL
Alphabet (Google) Class C
GOOG
$4.11T
| $312M | 1.89% |
8,022,000
+3,616,000
| +82% | +$137M |
2016 Q2
1 quarter
|
|
21
CALL
Mastercard
MA
$543B
| $293M | 1.78% |
2,880,200
+1,085,700
| +61% | +$104M |
2016 Q2
1 quarter
|
|
|
22
Yum! Brands
YUM
$41.4B
| $252M | 1.53% |
3,864,306
-3,541,011
| -48% | -$226M |
2015 Q4
3 quarters
|
|
23
SBA Communications
SBAC
$19.2B
| $230M | 1.39% |
2,050,901
| – | – |
2016 Q2
1 quarter
|
|
24
CALL
Amazon
AMZN
$2.83T
| $225M | 1.37% |
5,384,000
+2,384,000
| +79% | +$91.2M |
2016 Q2
1 quarter
|
|
25
CALL
Danaher
DHR
$158B
| $223M | 1.35% |
3,214,800
+1,235,835
| +62% | +$87.6M |
2016 Q1
2 quarters
|
|
Similar funds
Eric Mandelblatt's Q3 2016 Portfolio in Review
As of Q3 2016, Eric Mandelblatt held 60 positions worth $16.5B, up 1.5% from $16.3B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Eric Mandelblatt's Q3 2016 filing shows 15 new, 8 increased, 15 reduced and 9 closed positions. Its largest new stake was LyondellBasell Industries: 5,519,993 shares worth $445M. The largest sale was Yum! Brands, an estimated $226M.
By sector, the portfolio is most concentrated in Miscellaneous at 50% of assets, down from 58% a quarter earlier, followed by Communication Services and Technology.
- Eric Mandelblatt's largest Q3 2016 buy was LyondellBasell Industries: 5,519,993 shares worth $445M.
- Eric Mandelblatt added most to AB InBev in Q3 2016, an estimated $98.8M increase.
- Eric Mandelblatt's biggest Q3 2016 reduction was Yum! Brands, cutting an estimated $226M.
- Eric Mandelblatt fully exited Apple in Q3 2016, selling an estimated $137M.
- Eric Mandelblatt's ten largest holdings make up 49% of its $16.5B portfolio in Q3 2016.
- Eric Mandelblatt opened 15 new positions and closed 9 in Q3 2016.
- Eric Mandelblatt's portfolio value rose 1.5% quarter-over-quarter to $16.5B.
Based on Soroban Capital Partners's 13F filing for Q3 2016, filed 14 Nov 2016.