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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
+8.24%
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
$19.1B
AUM Growth
+$2.74B
(+17%)
Cap. Flow
+$1.3B
Cap. Flow % of AUM
Cap. Flow %
6.81%
Top 10 Holdings %
Top 10 Hldgs %
53.81%
Holding
62
New
7
Increased
14
Reduced
13
Closed
22
Avg Time Held
Equity + Options
0.7
years
Top 10 Avg Time Held
Equity + Options
0.7
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
0.8
years
Top 20 Avg Time Held Equity only
0.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Constellation Brands
STZ
|
+$722M |
| 2 |
Praxair Inc
PX
|
+$387M |
| 3 |
Liberty Media Corporation Series C Common Stock
FWONK
|
+$383M |
| 4 |
Lowe's Companies
LOW
|
+$344M |
| 5 |
AB InBev
BUD
|
+$244M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Autodesk
ADSK
|
+$490M |
| 2 |
Hilton Worldwide
HLT
|
+$381M |
| 3 |
Charter Communications
CHTR
|
+$364M |
| 4 |
Meta Platforms (Facebook)
META
|
+$139M |
| 5 |
LyondellBasell Industries
LYB
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 43.27% |
| 2 | Consumer Staples | 12.15% |
| 3 | Communication Services | 11.78% |
| 4 | Technology | 8.26% |
| 5 | Consumer Discretionary | 6.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
CALL
AB InBev
BUD
$162B
| $1.56B | 8.21% |
14,250,000
+8,000,000
| +128% | +$860M |
2014 Q4
9 quarters
|
|
2
CALL
Union Pacific
UNP
$175B
| $1.46B | 7.64% |
+13,750,000
| New | +$1.47B |
2017 Q1
0 quarters
|
|
|
3
AB InBev
BUD
$162B
| $1.37B | 7.2% |
12,509,442
+2,273,040
| +22% | +$244M |
2013 Q4
13 quarters
|
|
4
NXP Semiconductors
NXPI
$61.6B
| $1.01B | 5.3% |
9,752,462
+1,597,382
| +20% | +$162M |
2015 Q2
7 quarters
|
|
5
CALL
Comcast
CMCSA
$79.5B
| $977M | 5.13% |
26,000,000
+1,000,000
| +4% | +$37.1M |
2016 Q2
3 quarters
|
|
|
6
Union Pacific
UNP
$175B
| $851M | 4.46% |
8,034,192
+1,498,378
| +23% | +$160M |
2016 Q2
3 quarters
|
|
|
7
CALL
Meta Platforms (Facebook)
META
$1.64T
| $781M | 4.1% |
5,500,000
+4,918,400
| +846% | +$657M |
2016 Q2
3 quarters
|
|
8
DELISTED
Liberty Broadband Class C
LBRDK
| $768M | 4.03% |
8,892,050
| – | – |
2016 Q2
3 quarters
|
|
|
9
Constellation Brands
STZ
$23.1B
| $750M | 3.94% |
+4,629,506
| New | +$722M |
2017 Q1
0 quarters
|
|
10
CALL
AT&T
T
$142B
| $727M | 3.81% |
23,170,000
-675,240
| -3% | -$21.2M |
2016 Q2
3 quarters
|
|
|
11
DELISTED
Praxair Inc
PX
| $680M | 3.57% |
5,734,125
+3,295,404
| +135% | +$387M |
2016 Q4
1 quarter
|
|
12
CALL
Visa
V
$762B
| $622M | 3.26% |
7,000,000
| – | – |
2016 Q2
3 quarters
|
|
|
13
Charter Communications
CHTR
$12.2B
| $597M | 3.13% |
1,824,868
-1,143,668
| -39% | -$364M |
2016 Q2
3 quarters
|
|
14
Broadcom
AVGO
$1.56T
| $536M | 2.81% |
24,499,440
+2,915,790
| +14% | +$60M |
2015 Q4
5 quarters
|
|
|
15
CALL
DELISTED
Praxair Inc
PX
| $525M | 2.75% |
+4,425,000
| New | +$520M |
2017 Q1
0 quarters
|
|
16
DELISTED
Walgreens Boots Alliance
WBA
| $524M | 2.75% |
6,306,084
+1,378,997
| +28% | +$116M |
2015 Q2
7 quarters
|
|
17
Marriott International
MAR
$104B
| $515M | 2.7% |
5,469,493
+2,092,591
| +62% | +$182M |
2016 Q3
2 quarters
|
|
|
18
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $415M | 2.18% |
5,000,000
+1,500,000
| +43% | +$126M |
2016 Q4
1 quarter
|
|
|
19
Liberty Media Corporation Series C Common Stock
FWONK
$22.5B
| $410M | 2.15% |
+12,411,468
| New | +$383M |
2017 Q1
0 quarters
|
|
20
SBA Communications
SBAC
$19.9B
| $400M | 2.1% |
3,323,664
+429,590
| +15% | +$47.4M |
2016 Q2
3 quarters
|
|
|
21
LyondellBasell Industries
LYB
$22.1B
| $383M | 2.01% |
4,200,881
-1,453,163
| -26% | -$133M |
2016 Q3
2 quarters
|
|
22
CALL
Marathon Petroleum
MPC
$131B
| $375M | 1.97% |
7,420,000
-2,000,000
| -21% | -$100M |
2016 Q2
3 quarters
|
|
|
23
Lowe's Companies
LOW
$111B
| $370M | 1.94% |
+4,500,000
| New | +$344M |
2017 Q1
0 quarters
|
|
|
24
Marathon Petroleum
MPC
$131B
| $328M | 1.72% |
6,487,889
-1,513,908
| -19% | -$75.4M |
2016 Q2
3 quarters
|
|
25
Advance Auto Parts
AAP
$2.79B
| $259M | 1.36% |
1,744,379
+705,179
| +68% | +$113M |
2016 Q3
2 quarters
|
|
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Eric Mandelblatt's Q1 2017 Portfolio in Review
As of Q1 2017, Eric Mandelblatt held 62 positions worth $19.1B, up 17% from $16.3B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Eric Mandelblatt deployed $1.3B of net new capital in Q1 2017, opening 7 new positions and adding to 14 existing holdings. Its largest new stake was Constellation Brands: 4,629,506 shares worth $750M.
By sector, the portfolio is most concentrated in Miscellaneous at 43% of assets, down from 47% a quarter earlier, followed by Consumer Staples and Communication Services.
On the sell side, the largest reduction was Autodesk, an estimated $490M trimmed.
- Eric Mandelblatt's largest Q1 2017 buy was Constellation Brands: 4,629,506 shares worth $750M.
- Eric Mandelblatt added most to Praxair Inc in Q1 2017, an estimated $387M increase.
- Eric Mandelblatt's biggest Q1 2017 reduction was Autodesk, cutting an estimated $490M.
- Eric Mandelblatt fully exited Hilton Worldwide in Q1 2017, selling an estimated $381M.
- Eric Mandelblatt's ten largest holdings make up 54% of its $19.1B portfolio in Q1 2017.
- Eric Mandelblatt opened 7 new positions and closed 22 in Q1 2017.
- Eric Mandelblatt's portfolio value rose 17% quarter-over-quarter to $19.1B.
Based on Soroban Capital Partners's 13F filing for Q1 2017, filed 15 May 2017.