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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
+1.33%
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
$6.54B
AUM Growth
-$856M
(-12%)
Cap. Flow
-$32.8M
Cap. Flow % of AUM
Cap. Flow %
-0.5%
Top 10 Holdings %
Top 10 Hldgs %
69.45%
Holding
30
New
8
Increased
5
Reduced
7
Closed
5
Avg Time Held
Equity + Options
0.8
years
Top 10 Avg Time Held
Equity + Options
0.5
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
0.7
years
Top 20 Avg Time Held Equity only
0.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$349M |
| 2 |
Alibaba
BABA
|
+$297M |
| 3 |
Mohawk Industries
MHK
|
+$220M |
| 4 |
Meta Platforms (Facebook)
META
|
+$206M |
| 5 |
Qorvo
QRVO
|
+$183M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$394M |
| 2 |
Broadcom
AVGO
|
+$371M |
| 3 |
MGM Resorts International
MGM
|
+$362M |
| 4 |
Norfolk Southern
NSC
|
+$319M |
| 5 |
Union Pacific
UNP
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 24.01% |
| 2 | Technology | 22.36% |
| 3 | Miscellaneous | 19.98% |
| 4 | Consumer Discretionary | 17.3% |
| 5 | Communication Services | 10.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Union Pacific
UNP
$183B
| $835M | 12.76% |
5,129,182
-895,666
| -15% | -$135M |
2016 Q2
9 quarters
|
|
2
SAP
SAP
$281B
| $585M | 8.95% |
4,759,695
-702,773
| -13% | -$83.4M |
2018 Q1
2 quarters
|
|
3
Alphabet (Google) Class C
GOOG
$3.46T
| $528M | 8.06% |
8,840,600
-882,900
| -9% | -$52.9M |
2017 Q2
5 quarters
|
|
4
NXP Semiconductors
NXPI
$66.8B
| $493M | 7.54% |
5,769,775
+1,861,034
| +48% | +$178M |
2015 Q2
13 quarters
|
|
5
CALL
DELISTED
Praxair Inc
PX
| $482M | 7.37% |
3,000,000
| – | – |
2017 Q1
6 quarters
|
|
|
6
Norfolk Southern
NSC
$77.3B
| $401M | 6.13% |
2,221,244
-1,867,838
| -46% | -$319M |
2018 Q1
2 quarters
|
|
|
7
Booking.com
BKNG
$125B
| $352M | 5.37% |
+4,430,000
| New | +$349M |
2018 Q3
0 quarters
|
|
8
RTX Corp
RTX
$259B
| $335M | 5.12% |
3,804,250
+336,307
| +10% | +$28.2M |
2018 Q2
1 quarter
|
|
|
9
Alibaba
BABA
$269B
| $277M | 4.23% |
+1,680,767
| New | +$297M |
2018 Q3
0 quarters
|
|
|
10
Mohawk Industries
MHK
$8.92B
| $256M | 3.92% |
1,462,088
+1,120,010
| +327% | +$220M |
2018 Q2
1 quarter
|
|
|
GRA
11
DELISTED
W.R. Grace & Co.
GRA
| $226M | 3.45% |
3,156,775
+1,143,668
| +57% | +$82.4M |
2018 Q2
1 quarter
|
|
12
CALL
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
| $205M | 3.13% |
7,450,000
| – | – |
2017 Q2
5 quarters
|
|
13
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $200M | 3.06% |
2,750,000
-1,000,000
| -27% | -$67.9M |
2016 Q4
7 quarters
|
|
|
14
Meta Platforms (Facebook)
META
$1.55T
| $187M | 2.86% |
+1,139,518
| New | +$206M |
2018 Q3
0 quarters
|
|
15
Axalta
AXTA
$7.78B
| $182M | 2.78% |
6,244,451
-3,755,549
| -38% | -$113M |
2018 Q1
2 quarters
|
|
|
16
DELISTED
Qorvo
QRVO
| $176M | 2.69% |
+2,287,327
| New | +$183M |
2018 Q3
0 quarters
|
|
|
17
CALL
Mohawk Industries
MHK
$8.92B
| $175M | 2.68% |
+1,000,000
| New | +$196M |
2018 Q3
0 quarters
|
|
18
Vulcan Materials
VMC
$38.2B
| $173M | 2.64% |
+1,555,974
| New | +$180M |
2018 Q3
0 quarters
|
|
|
19
Broadcom
AVGO
$1.39T
| $116M | 1.77% |
4,690,000
-16,523,680
| -78% | -$371M |
2015 Q4
11 quarters
|
|
|
KSU
20
CALL
DELISTED
Kansas City Southern
KSU
| $113M | 1.73% |
+1,000,000
| New | +$114M |
2018 Q3
0 quarters
|
|
21
Sony
SONY
$161B
| $92.6M | 1.41% |
+7,631,250
| New | +$84M |
2018 Q3
0 quarters
|
|
22
CALL
Enterprise Products Partners
EPD
$79.2B
| $50.3M | 0.77% |
1,750,000
| – | – |
2016 Q4
7 quarters
|
|
|
ETP
23
CALL
DELISTED
Energy Transfer Partners, L.P.
ETP
| $50.1M | 0.77% |
2,250,000
| – | – |
2017 Q2
5 quarters
|
|
24
CALL
Plains All American Pipeline
PAA
$17.8B
| $31.3M | 0.48% |
1,250,000
| – | – |
2017 Q2
5 quarters
|
|
|
STAY
25
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $21.2M | 0.32% |
1,045,538
+433,061
| +71% | +$9.01M |
2018 Q2
1 quarter
|
|
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Eric Mandelblatt's Q3 2018 Portfolio in Review
As of Q3 2018, Eric Mandelblatt held 30 positions worth $6.54B, down 12% from $7.4B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Eric Mandelblatt's Q3 2018 filing shows 8 new, 5 increased, 7 reduced and 5 closed positions. Its largest new stake was Booking.com: 4,430,000 shares worth $352M. The largest sale was Alphabet (Google) Class A, an estimated $394M.
By sector, the portfolio is most concentrated in Industrials at 24% of assets, up from 24% a quarter earlier, followed by Technology and Miscellaneous.
- Eric Mandelblatt's largest Q3 2018 buy was Booking.com: 4,430,000 shares worth $352M.
- Eric Mandelblatt added most to Mohawk Industries in Q3 2018, an estimated $220M increase.
- Eric Mandelblatt's biggest Q3 2018 reduction was Broadcom, cutting an estimated $371M.
- Eric Mandelblatt fully exited Alphabet (Google) Class A in Q3 2018, selling an estimated $394M.
- Eric Mandelblatt's ten largest holdings make up 69% of its $6.54B portfolio in Q3 2018.
- Eric Mandelblatt opened 8 new positions and closed 5 in Q3 2018.
- Eric Mandelblatt's portfolio value fell 12% quarter-over-quarter to $6.54B.
Based on Soroban Capital Partners's 13F filing for Q3 2018, filed 14 Nov 2018.