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 |
Alphabet (Google) Class A
GOOGL
|
+$379M |
| 2 |
SAP
SAP
|
+$356M |
| 3 |
RTX Corp
RTX
|
+$272M |
| 4 |
Axalta
AXTA
|
+$227M |
| 5 |
Norfolk Southern
NSC
|
+$176M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AB InBev
BUD
|
+$1.27B |
| 2 |
NXP Semiconductors
NXPI
|
+$1.23B |
| 3 |
LBRDK
Liberty Broadband Class C
LBRDK
|
+$762M |
| 4 |
Comcast
CMCSA
|
+$727M |
| 5 |
Union Pacific
UNP
|
+$471M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 23.56% |
| 2 | Technology | 21.27% |
| 3 | Communication Services | 12.95% |
| 4 | Consumer Discretionary | 8.05% |
| 5 | Materials | 4.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
AB InBev
BUD
$155B
| $856M | 11.58% |
8,500,000
-12,800,000
| -60% | -$1.27B |
|
|
2
Union Pacific
UNP
$183B
| $854M | 11.54% |
6,024,848
-3,379,598
| -36% | -$471M |
|
|
3
SAP
SAP
$252B
| $632M | 8.54% |
5,462,468
+3,149,060
| +136% | +$356M |
|
|
4
Norfolk Southern
NSC
$78.8B
| $617M | 8.34% |
4,089,082
+1,205,895
| +42% | +$176M |
|
|
5
Alphabet (Google) Class C
GOOG
$4.18T
| $542M | 7.33% |
9,723,500
-4,946,300
| -34% | -$267M |
|
6
Broadcom
AVGO
$1.75T
| $515M | 6.96% |
21,213,680
-16,022,130
| -43% | -$393M |
|
|
PX
7
CALL
DELISTED
Praxair Inc
PX
| $474M | 6.41% |
3,000,000
| – | – |
|
|
8
NXP Semiconductors
NXPI
$56.9B
| $427M | 5.77% |
3,908,741
-11,120,453
| -74% | -$1.23B |
|
|
9
Alphabet (Google) Class A
GOOGL
$4.22T
| $394M | 5.32% |
+6,972,560
| New | +$379M |
|
10
MGM Resorts International
MGM
$11B
| $362M | 4.89% |
12,455,237
-9,512,124
| -43% | -$307M |
|
|
11
CALL
Comcast
CMCSA
$95.3B
| $328M | 4.43% |
10,000,000
-8,500,000
| -46% | -$277M |
|
|
12
Axalta
AXTA
$7.75B
| $303M | 4.1% |
10,000,000
+7,233,000
| +261% | +$227M |
|
|
13
RTX Corp
RTX
$283B
| $273M | 3.69% |
+3,467,943
| New | +$272M |
|
|
WBA
14
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $225M | 3.04% |
3,750,000
-5,934,100
| -61% | -$382M |
|
|
AMJ
15
CALL
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
| $198M | 2.68% |
7,450,000
| – | – |
|
|
GRA
16
DELISTED
W.R. Grace & Co.
GRA
| $148M | 1.99% |
+2,013,107
| New | +$141M |
|
17
Mohawk Industries
MHK
$9.23B
| $73.3M | 0.99% |
+342,078
| New | +$74.9M |
|
|
ETP
18
CALL
DELISTED
Energy Transfer Partners, L.P.
ETP
| $64.3M | 0.87% |
2,250,000
-3,750,000
| -63% | -$68.9M |
|
19
CALL
Enterprise Products Partners
EPD
$82.1B
| $48.4M | 0.65% |
1,750,000
+750,000
| +75% | +$20.5M |
|
20
CALL
Plains All American Pipeline
PAA
$17.4B
| $29.6M | 0.4% |
1,250,000
| – | – |
|
21
Liberty Media Series C
FWONK
$26.3B
| $22.2M | 0.3% |
619,251
-11,792,217
| -95% | -$360M |
|
|
STAY
22
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $13.2M | 0.18% |
+612,477
| New | +$12.5M |
|
|
23
AB InBev
BUD
$155B
| – | – |
-12,846,706
| Closed | -$1.27B |
|
24
Charter Communications
CHTR
$17.9B
| – | – |
-1,096,455
| Closed | -$341M |
|
|
25
Comcast
CMCSA
$95.3B
| – | – |
-22,307,929
| Closed | -$727M |
|
Similar funds
Eric Mandelblatt's Q2 2018 Portfolio in Review
As of Q2 2018, Eric Mandelblatt held 34 positions worth $7.4B, down 58% from $17.5B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Eric Mandelblatt withdrew a net $9.8B in Q2 2018, closing 12 positions and reducing 10 holdings. Its most notable exit was AB InBev, an estimated $1.27B position sold in full.
By sector, the portfolio is most concentrated in Industrials at 24% of assets, up from 9.4% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Eric Mandelblatt opened a new position in Alphabet (Google) Class A worth $394M.
- Eric Mandelblatt's largest Q2 2018 buy was Alphabet (Google) Class A: 6,972,560 shares worth $394M.
- Eric Mandelblatt added most to SAP in Q2 2018, an estimated $356M increase.
- Eric Mandelblatt's biggest Q2 2018 reduction was NXP Semiconductors, cutting an estimated $1.23B.
- Eric Mandelblatt fully exited AB InBev in Q2 2018, selling an estimated $1.27B.
- Eric Mandelblatt's ten largest holdings make up 77% of its $7.4B portfolio in Q2 2018.
- Eric Mandelblatt opened 5 new positions and closed 12 in Q2 2018.
- Eric Mandelblatt's portfolio value fell 58% quarter-over-quarter to $7.4B.
Based on Soroban Capital Partners's 13F filing for Q2 2018, filed 14 Aug 2018.