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 |
Hilton Worldwide
HLT
|
+$343M |
| 2 |
Meta Platforms (Facebook)
META
|
+$340M |
| 3 |
NXP Semiconductors
NXPI
|
+$290M |
| 4 |
PX
Praxair Inc
PX
|
+$290M |
| 5 |
AB InBev
BUD
|
+$241M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Williams Companies
WMB
|
+$645M |
| 2 |
Charter Communications
CHTR
|
+$332M |
| 3 |
Autodesk
ADSK
|
+$283M |
| 4 |
Yum! Brands
YUM
|
+$243M |
| 5 |
T-Mobile US
TMUS
|
+$216M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 11.22% |
| 2 | Technology | 10.72% |
| 3 | Consumer Staples | 7.59% |
| 4 | Consumer Discretionary | 6.45% |
| 5 | Materials | 6.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
AB InBev
BUD
$155B
| $1.08B | 6.61% |
10,236,402
+2,153,541
| +27% | +$241M |
|
2
CALL
Comcast
CMCSA
$95.3B
| $863M | 5.29% |
25,000,000
+15,000,000
| +150% | +$501M |
|
|
3
Charter Communications
CHTR
$17.9B
| $855M | 5.24% |
2,968,536
-1,231,351
| -29% | -$332M |
|
|
4
NXP Semiconductors
NXPI
$56.9B
| $799M | 4.9% |
8,155,080
+2,919,243
| +56% | +$290M |
|
5
CALL
AT&T
T
$173B
| $766M | 4.69% |
23,845,240
| – | – |
|
6
Union Pacific
UNP
$183B
| $678M | 4.15% |
6,535,814
+2,167,554
| +50% | +$213M |
|
|
7
CALL
AB InBev
BUD
$155B
| $659M | 4.04% |
6,250,000
-2,560,000
| -29% | -$287M |
|
|
LBRDK
8
DELISTED
Liberty Broadband Class C
LBRDK
| $659M | 4.03% |
8,892,050
| – | – |
|
9
CALL
Verizon
VZ
$205B
| $627M | 3.84% |
11,750,000
-2,500,000
| -18% | -$125M |
|
10
CALL
Visa
V
$693B
| $546M | 3.35% |
7,000,000
| – | – |
|
|
11
CALL
T-Mobile US
TMUS
$196B
| $518M | 3.17% |
9,000,000
| – | – |
|
12
LyondellBasell Industries
LYB
$21.8B
| $485M | 2.97% |
5,654,044
+134,051
| +2% | +$11.2M |
|
13
CALL
Marathon Petroleum
MPC
$101B
| $474M | 2.91% |
9,420,000
| – | – |
|
|
14
Autodesk
ADSK
$53.6B
| $458M | 2.81% |
6,191,366
-3,843,775
| -38% | -$283M |
|
|
WBA
15
DELISTED
Walgreens Boots Alliance
WBA
| $408M | 2.5% |
4,927,087
+317,900
| +7% | +$26.3M |
|
|
16
Marathon Petroleum
MPC
$101B
| $403M | 2.47% |
8,001,797
-2,739,340
| -26% | -$124M |
|
17
Broadcom
AVGO
$1.75T
| $382M | 2.34% |
21,583,650
+1,272,700
| +6% | +$22M |
|
|
18
Hilton Worldwide
HLT
$73.5B
| $381M | 2.33% |
+4,663,262
| New | +$343M |
|
|
19
Meta Platforms (Facebook)
META
$1.4T
| $319M | 1.95% |
+2,769,900
| New | +$340M |
|
20
SBA Communications
SBAC
$19.4B
| $299M | 1.83% |
2,894,074
+843,173
| +41% | +$88.8M |
|
|
WBA
21
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $290M | 1.77% |
+3,500,000
| New | +$289M |
|
|
PX
22
DELISTED
Praxair Inc
PX
| $286M | 1.75% |
+2,438,721
| New | +$290M |
|
23
Marriott International
MAR
$92.9B
| $279M | 1.71% |
3,376,902
+2,073,902
| +159% | +$156M |
|
24
CALL
Apple
AAPL
$4.51T
| $254M | 1.56% |
8,774,800
-17,225,200
| -66% | -$488M |
|
25
CALL
Danaher
DHR
$154B
| $222M | 1.36% |
3,214,800
| – | – |
|
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Eric Mandelblatt's Q4 2016 Portfolio in Review
As of Q4 2016, Eric Mandelblatt held 61 positions worth $16.3B, down 1% from $16.5B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Eric Mandelblatt's Q4 2016 filing shows 10 new, 14 increased, 17 reduced and 6 closed positions. Its largest new stake was Hilton Worldwide: 4,663,262 shares worth $381M. The largest sale was Williams Companies, an estimated $645M.
By sector, the portfolio is most concentrated in Communication Services at 11% of assets, down from 12% a quarter earlier, followed by Technology and Consumer Staples.
- Eric Mandelblatt's largest Q4 2016 buy was Hilton Worldwide: 4,663,262 shares worth $381M.
- Eric Mandelblatt added most to NXP Semiconductors in Q4 2016, an estimated $290M increase.
- Eric Mandelblatt's biggest Q4 2016 reduction was Charter Communications, cutting an estimated $332M.
- Eric Mandelblatt fully exited Williams Companies in Q4 2016, selling an estimated $645M.
- Eric Mandelblatt's ten largest holdings make up 46% of its $16.3B portfolio in Q4 2016.
- Eric Mandelblatt opened 10 new positions and closed 6 in Q4 2016.
- Eric Mandelblatt's portfolio value fell 1% quarter-over-quarter to $16.3B.
Based on Soroban Capital Partners's 13F filing for Q4 2016, filed 14 Feb 2017.