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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
+4.48%
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
$25.7B
AUM Growth
+$6.62B
(+35%)
Cap. Flow
+$1.39B
Cap. Flow % of AUM
Cap. Flow %
5.39%
Top 10 Holdings %
Top 10 Hldgs %
55.82%
Holding
53
New
13
Increased
13
Reduced
11
Closed
9
Avg Time Held
Equity + Options
0.7
years
Top 10 Avg Time Held
Equity + Options
0.6
years
Top 20 Avg Time Held
Equity + Options
0.8
years
Avg Time Held Equity only
1
year
Top 10 Avg Time Held Equity only
1
year
Top 20 Avg Time Held Equity only
0.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NXP Semiconductors
NXPI
|
+$742M |
| 2 |
MGM Resorts International
MGM
|
+$517M |
| 3 |
Praxair Inc
PX
|
+$353M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$314M |
| 5 |
Union Pacific
UNP
|
+$232M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marathon Petroleum
MPC
|
+$328M |
| 2 |
Comcast
CMCSA
|
+$236M |
| 3 |
Constellation Brands
STZ
|
+$230M |
| 4 |
Dollar Tree
DLTR
|
+$192M |
| 5 |
SBA Communications
SBAC
|
+$175M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 51.09% |
| 2 | Technology | 9.68% |
| 3 | Communication Services | 9.54% |
| 4 | Consumer Staples | 8.45% |
| 5 | Consumer Discretionary | 7.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
CALL
AB InBev
BUD
$164B
| $2.32B | 9.03% |
21,000,000
+6,750,000
| +47% | +$773M |
2014 Q4
10 quarters
|
|
|
2
CALL
Union Pacific
UNP
$171B
| $2.04B | 7.95% |
18,750,000
+5,000,000
| +36% | +$545M |
2017 Q1
1 quarter
|
|
|
3
NXP Semiconductors
NXPI
$59.9B
| $1.83B | 7.11% |
16,683,466
+6,931,004
| +71% | +$742M |
2015 Q2
8 quarters
|
|
|
4
CALL
DELISTED
Praxair Inc
PX
| $1.59B | 6.21% |
12,025,000
+7,600,000
| +172% | +$975M |
2017 Q1
1 quarter
|
|
|
5
AB InBev
BUD
$164B
| $1.52B | 5.93% |
13,805,870
+1,296,428
| +10% | +$148M |
2013 Q4
14 quarters
|
|
|
6
DELISTED
Praxair Inc
PX
| $1.13B | 4.38% |
8,489,717
+2,755,592
| +48% | +$353M |
2016 Q4
2 quarters
|
|
|
7
Union Pacific
UNP
$171B
| $1.11B | 4.31% |
10,161,831
+2,127,639
| +26% | +$232M |
2016 Q2
4 quarters
|
|
8
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $1.06B | 4.12% |
13,500,000
+8,500,000
| +170% | +$699M |
2016 Q4
2 quarters
|
|
9
CALL
Home Depot
HD
$314B
| $920M | 3.58% |
+6,000,000
| New | +$920M |
2017 Q2
0 quarters
|
|
10
CALL
Norfolk Southern
NSC
$73.1B
| $821M | 3.2% |
+6,750,000
| New | +$793M |
2017 Q2
0 quarters
|
|
11
DELISTED
Liberty Broadband Class C
LBRDK
| $771M | 3% |
8,892,050
| – | – |
2016 Q2
4 quarters
|
|
|
12
CALL
Comcast
CMCSA
$79.3B
| $759M | 2.96% |
19,500,000
-6,500,000
| -25% | -$256M |
2016 Q2
4 quarters
|
|
13
Charter Communications
CHTR
$12.6B
| $679M | 2.64% |
2,015,877
+191,009
| +10% | +$63.7M |
2016 Q2
4 quarters
|
|
14
CALL
Visa
V
$763B
| $656M | 2.56% |
7,000,000
| – | – |
2016 Q2
4 quarters
|
|
15
Broadcom
AVGO
$1.6T
| $656M | 2.55% |
28,132,440
+3,633,000
| +15% | +$84.3M |
2015 Q4
6 quarters
|
|
|
16
Constellation Brands
STZ
$22.5B
| $647M | 2.52% |
3,340,079
-1,289,427
| -28% | -$230M |
2017 Q1
1 quarter
|
|
17
Marriott International
MAR
$104B
| $615M | 2.4% |
6,132,033
+662,540
| +12% | +$66.3M |
2016 Q3
3 quarters
|
|
|
18
DELISTED
Walgreens Boots Alliance
WBA
| $593M | 2.31% |
7,577,084
+1,271,000
| +20% | +$105M |
2015 Q2
8 quarters
|
|
19
CALL
Lowe's Companies
LOW
$111B
| $581M | 2.26% |
+7,500,000
| New | +$613M |
2017 Q2
0 quarters
|
|
20
PUT
ExxonMobil
XOM
$731B
| $525M | 2.04% |
+6,500,000
| New | +$532M |
2017 Q2
0 quarters
|
|
|
21
MGM Resorts International
MGM
$7.27B
| $523M | 2.04% |
+16,724,308
| New | +$517M |
2017 Q2
0 quarters
|
|
22
Liberty Media Corporation Series C Common Stock
FWONK
$23.2B
| $439M | 1.71% |
12,411,468
| – | – |
2017 Q1
1 quarter
|
|
23
CALL
Meta Platforms (Facebook)
META
$1.77T
| $377M | 1.47% |
2,500,000
-3,000,000
| -55% | -$446M |
2016 Q2
4 quarters
|
|
|
24
CALL
Alphabet (Google) Class C
GOOG
$4.11T
| $363M | 1.42% |
+8,000,000
| New | +$366M |
2017 Q2
0 quarters
|
|
25
LyondellBasell Industries
LYB
$20.7B
| $326M | 1.27% |
3,864,018
-336,863
| -8% | -$28M |
2016 Q3
3 quarters
|
|
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Eric Mandelblatt's Q2 2017 Portfolio in Review
As of Q2 2017, Eric Mandelblatt held 53 positions worth $25.7B, up 35% from $19.1B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Eric Mandelblatt deployed $1.39B of net new capital in Q2 2017, opening 13 new positions and adding to 13 existing holdings. Its largest new stake was MGM Resorts International: 16,724,308 shares worth $523M.
By sector, the portfolio is most concentrated in Miscellaneous at 51% of assets, up from 43% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Constellation Brands, an estimated $230M trimmed.
- Eric Mandelblatt's largest Q2 2017 buy was MGM Resorts International: 16,724,308 shares worth $523M.
- Eric Mandelblatt added most to NXP Semiconductors in Q2 2017, an estimated $742M increase.
- Eric Mandelblatt's biggest Q2 2017 reduction was Constellation Brands, cutting an estimated $230M.
- Eric Mandelblatt fully exited Marathon Petroleum in Q2 2017, selling an estimated $328M.
- Eric Mandelblatt's ten largest holdings make up 56% of its $25.7B portfolio in Q2 2017.
- Eric Mandelblatt opened 13 new positions and closed 9 in Q2 2017.
- Eric Mandelblatt's portfolio value rose 35% quarter-over-quarter to $25.7B.
Based on Soroban Capital Partners's 13F filing for Q2 2017, filed 14 Aug 2017.