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 |
OPTU
Optimum Communications Inc
OPTU
|
+$405M |
| 2 |
Marriott International
MAR
|
+$289M |
| 3 |
RTX Corp
RTX
|
+$258M |
| 4 |
Lam Research
LRCX
|
+$97.9M |
| 5 |
Applied Materials
AMAT
|
+$95.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SAP
SAP
|
+$227M |
| 2 |
Booking.com
BKNG
|
+$218M |
| 3 |
Union Pacific
UNP
|
+$218M |
| 4 |
Meta Platforms (Facebook)
META
|
+$203M |
| 5 |
Vulcan Materials
VMC
|
+$162M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 27.92% |
| 2 | Industrials | 27.57% |
| 3 | Technology | 24.06% |
| 4 | Communication Services | 13.53% |
| 5 | Materials | 4.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
RTX Corp
RTX
$283B
| $758M | 13.72% |
9,344,626
+3,397,932
| +57% | +$258M |
|
2
NXP Semiconductors
NXPI
$56.9B
| $530M | 9.6% |
6,000,746
+681,097
| +13% | +$59.8M |
|
3
Alibaba
BABA
$286B
| $520M | 9.41% |
2,849,363
| – | – |
|
|
4
Marriott International
MAR
$92.9B
| $517M | 9.36% |
4,132,832
+2,456,519
| +147% | +$289M |
|
|
OPTU
5
Optimum Communications Inc
OPTU
$323M
| $430M | 7.78% |
+20,000,000
| New | +$405M |
|
|
6
Union Pacific
UNP
$183B
| $426M | 7.71% |
2,547,340
-1,354,913
| -35% | -$218M |
|
7
Norfolk Southern
NSC
$78.8B
| $339M | 6.14% |
1,816,147
-892,232
| -33% | -$154M |
|
8
Alphabet (Google) Class C
GOOG
$4.18T
| $292M | 5.28% |
4,973,400
| – | – |
|
|
9
SAP
SAP
$252B
| $260M | 4.7% |
2,247,898
-2,131,367
| -49% | -$227M |
|
10
Hilton Worldwide
HLT
$73.5B
| $256M | 4.63% |
3,079,137
+541,653
| +21% | +$42.4M |
|
|
GRA
11
DELISTED
W.R. Grace & Co.
GRA
| $250M | 4.52% |
3,200,000
| – | – |
|
12
Qorvo
QRVO
$8.43B
| $212M | 3.83% |
2,952,624
+147,493
| +5% | +$9.77M |
|
13
Axalta
AXTA
$7.75B
| $188M | 3.41% |
7,467,378
| – | – |
|
|
14
CALL
Marriott International
MAR
$92.9B
| $125M | 2.26% |
+1,000,000
| New | +$118M |
|
15
Sony
SONY
$140B
| $123M | 2.23% |
14,605,545
+5,076,525
| +53% | +$47.5M |
|
|
16
Lam Research
LRCX
$393B
| $105M | 1.9% |
+5,870,330
| New | +$97.9M |
|
|
17
Applied Materials
AMAT
$391B
| $99.3M | 1.8% |
+2,503,762
| New | +$95.1M |
|
18
Linde
LIN
$225B
| $68.8M | 1.25% |
391,059
+373,023
| +2,068% | +$62M |
|
|
19
Alphabet (Google) Class A
GOOGL
$4.22T
| $25.9M | 0.47% |
+440,000
| New | +$24.8M |
|
|
20
Booking.com
BKNG
$158B
| – | – |
-3,170,900
| Closed | -$218M |
|
21
CALL
Energy Transfer Partners
ET
$73B
| – | – |
-1,234,560
| Closed | -$16.3M |
|
|
22
Meta Platforms (Facebook)
META
$1.4T
| – | – |
-1,552,207
| Closed | -$203M |
|
23
Martin Marietta Materials
MLM
$32.1B
| – | – |
-929,832
| Closed | -$160M |
|
24
CALL
Plains All American Pipeline
PAA
$17.4B
| – | – |
-546,000
| Closed | -$10.9M |
|
|
25
Vulcan Materials
VMC
$35.8B
| – | – |
-1,642,089
| Closed | -$162M |
|
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Eric Mandelblatt's Q1 2019 Portfolio in Review
As of Q1 2019, Eric Mandelblatt held 27 positions worth $5.52B, up 16% from $4.77B the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Eric Mandelblatt's Q1 2019 filing shows 5 new, 7 increased, 3 reduced and 8 closed positions. Its largest new stake was Optimum Communications Inc: 20,000,000 shares worth $430M. The largest sale was SAP, an estimated $227M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, up from 25% a quarter earlier, followed by Industrials and Technology.
- Eric Mandelblatt's largest Q1 2019 buy was Optimum Communications Inc: 20,000,000 shares worth $430M.
- Eric Mandelblatt added most to Marriott International in Q1 2019, an estimated $289M increase.
- Eric Mandelblatt's biggest Q1 2019 reduction was SAP, cutting an estimated $227M.
- Eric Mandelblatt fully exited Booking.com in Q1 2019, selling an estimated $218M.
- Eric Mandelblatt's ten largest holdings make up 78% of its $5.52B portfolio in Q1 2019.
- Eric Mandelblatt opened 5 new positions and closed 8 in Q1 2019.
- Eric Mandelblatt's portfolio value rose 16% quarter-over-quarter to $5.52B.
Based on Soroban Capital Partners's 13F filing for Q1 2019, filed 15 May 2019.