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 |
Marriott International
MAR
|
+$192M |
| 2 |
Hilton Worldwide
HLT
|
+$183M |
| 3 |
Alibaba
BABA
|
+$173M |
| 4 |
RTX Corp
RTX
|
+$168M |
| 5 |
Martin Marietta Materials
MLM
|
+$165M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mohawk Industries
MHK
|
+$256M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$207M |
| 3 |
Union Pacific
UNP
|
+$182M |
| 4 |
Broadcom
AVGO
|
+$116M |
| 5 |
Booking.com
BKNG
|
+$92.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 28.16% |
| 2 | Consumer Discretionary | 24.77% |
| 3 | Technology | 22.82% |
| 4 | Materials | 10.48% |
| 5 | Communication Services | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Union Pacific
UNP
$183B
| $539M | 11.31% |
3,902,253
-1,226,929
| -24% | -$182M |
|
2
SAP
SAP
$252B
| $436M | 9.14% |
4,379,265
-380,430
| -8% | -$40.5M |
|
3
Norfolk Southern
NSC
$78.8B
| $405M | 8.49% |
2,708,379
+487,135
| +22% | +$80.1M |
|
|
4
RTX Corp
RTX
$283B
| $398M | 8.36% |
5,946,694
+2,142,444
| +56% | +$168M |
|
|
5
Alibaba
BABA
$286B
| $391M | 8.19% |
2,849,363
+1,168,596
| +70% | +$173M |
|
6
NXP Semiconductors
NXPI
$56.9B
| $390M | 8.18% |
5,319,649
-450,126
| -8% | -$35.6M |
|
|
7
Alphabet (Google) Class C
GOOG
$4.18T
| $258M | 5.4% |
4,973,400
-3,867,200
| -44% | -$207M |
|
|
8
Booking.com
BKNG
$158B
| $218M | 4.58% |
3,170,900
-1,259,100
| -28% | -$92.3M |
|
|
GRA
9
DELISTED
W.R. Grace & Co.
GRA
| $208M | 4.36% |
3,200,000
+43,225
| +1% | +$2.79M |
|
10
Meta Platforms (Facebook)
META
$1.4T
| $203M | 4.27% |
1,552,207
+412,689
| +36% | +$59.8M |
|
|
11
Hilton Worldwide
HLT
$73.5B
| $182M | 3.82% |
+2,537,484
| New | +$183M |
|
|
12
Marriott International
MAR
$92.9B
| $182M | 3.82% |
+1,676,313
| New | +$192M |
|
13
Axalta
AXTA
$7.75B
| $175M | 3.67% |
7,467,378
+1,222,927
| +20% | +$30.4M |
|
14
Qorvo
QRVO
$8.43B
| $170M | 3.57% |
2,805,131
+517,804
| +23% | +$34.8M |
|
15
Vulcan Materials
VMC
$35.8B
| $162M | 3.4% |
1,642,089
+86,115
| +6% | +$8.73M |
|
|
16
Martin Marietta Materials
MLM
$32.1B
| $160M | 3.35% |
+929,832
| New | +$165M |
|
|
KSU
17
CALL
DELISTED
Kansas City Southern
KSU
| $95.5M | 2% |
1,000,000
| – | – |
|
18
Sony
SONY
$140B
| $92M | 1.93% |
9,529,020
+1,897,770
| +25% | +$20.1M |
|
|
AMJ
19
CALL
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
| $73M | 1.53% |
3,271,200
-4,178,800
| -56% | -$106M |
|
20
CALL
Energy Transfer Partners
ET
$73B
| $16.3M | 0.34% |
+1,234,560
| New | +$18.7M |
|
21
CALL
Plains All American Pipeline
PAA
$17.4B
| $10.9M | 0.23% |
546,000
-704,000
| -56% | -$16M |
|
22
Linde
LIN
$225B
| $2.81M | 0.06% |
+18,036
| New | +$2.85M |
|
|
23
Broadcom
AVGO
$1.75T
| – | – |
-4,690,000
| Closed | -$116M |
|
24
CALL
Enterprise Products Partners
EPD
$82.1B
| – | – |
-1,750,000
| Closed | -$50.3M |
|
|
25
CALL
Mohawk Industries
MHK
$9.23B
| – | – |
-1,000,000
| Closed | -$175M |
|
Similar funds
Eric Mandelblatt's Q4 2018 Portfolio in Review
As of Q4 2018, Eric Mandelblatt held 30 positions worth $4.77B, down 27% from $6.54B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Eric Mandelblatt withdrew a net $890M in Q4 2018, closing 8 positions and reducing 7 holdings. Its most notable exit was Mohawk Industries, an estimated $256M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 28% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Eric Mandelblatt opened a new position in Marriott International worth $182M.
- Eric Mandelblatt's largest Q4 2018 buy was Marriott International: 1,676,313 shares worth $182M.
- Eric Mandelblatt added most to Alibaba in Q4 2018, an estimated $173M increase.
- Eric Mandelblatt's biggest Q4 2018 reduction was Alphabet (Google) Class C, cutting an estimated $207M.
- Eric Mandelblatt fully exited Mohawk Industries in Q4 2018, selling an estimated $256M.
- Eric Mandelblatt's ten largest holdings make up 72% of its $4.77B portfolio in Q4 2018.
- Eric Mandelblatt opened 5 new positions and closed 8 in Q4 2018.
- Eric Mandelblatt's portfolio value fell 27% quarter-over-quarter to $4.77B.
Based on Soroban Capital Partners's 13F filing for Q4 2018, filed 14 Feb 2019.