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 |
Microsoft
MSFT
|
+$1.01B |
| 2 |
Lowe's Companies
LOW
|
+$404M |
| 3 |
Amazon
AMZN
|
+$165M |
| 4 |
Fidelity National Information Services
FIS
|
+$144M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$97.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$542M |
| 2 |
CSX Corp
CSX
|
+$266M |
| 3 |
PSTH
Pershing Square Tontine Holdings, Ltd.
PSTH
|
+$151M |
| 4 |
Union Pacific
UNP
|
+$66.9M |
| 5 |
Hilton Worldwide
HLT
|
+$53.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 22% |
| 2 | Technology | 20.94% |
| 3 | Communication Services | 18.64% |
| 4 | Industrials | 14.28% |
| 5 | Financials | 1.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.59T
| $1.71B | 12.95% |
7,675,670
+4,687,394
| +157% | +$1.01B |
|
2
CALL
Alibaba
BABA
$286B
| $1.51B | 11.48% |
6,500,000
+3,000,000
| +86% | +$833M |
|
|
OPTU
3
Optimum Communications Inc
OPTU
$323M
| $1.17B | 8.91% |
31,000,000
+1,000,000
| +3% | +$31.3M |
|
|
4
Amazon
AMZN
$2.79T
| $812M | 6.16% |
4,984,820
+1,036,620
| +26% | +$165M |
|
|
5
CSX Corp
CSX
$95.6B
| $766M | 5.82% |
25,338,642
-9,256,938
| -27% | -$266M |
|
|
6
Alibaba
BABA
$286B
| $703M | 5.33% |
3,021,002
| – | – |
|
|
7
Union Pacific
UNP
$183B
| $626M | 4.75% |
3,008,815
-334,900
| -10% | -$66.9M |
|
|
8
CALL
Microsoft
MSFT
$3.59T
| $589M | 4.47% |
+2,650,000
| New | +$570M |
|
9
Comcast
CMCSA
$95.3B
| $529M | 4.02% |
10,103,068
| – | – |
|
10
CALL
Charter Communications
CHTR
$17.9B
| $496M | 3.76% |
750,000
| – | – |
|
11
Analog Devices
ADI
$182B
| $496M | 3.76% |
3,357,330
+89,275
| +3% | +$11.8M |
|
12
Yum! Brands
YUM
$41.8B
| $473M | 3.59% |
4,359,274
+517,329
| +13% | +$52.8M |
|
|
13
Alphabet (Google) Class C
GOOG
$4.18T
| $436M | 3.31% |
4,973,400
| – | – |
|
|
14
RTX Corp
RTX
$283B
| $406M | 3.08% |
5,676,970
-8,251,992
| -59% | -$542M |
|
|
15
Lowe's Companies
LOW
$121B
| $399M | 3.03% |
+2,487,168
| New | +$404M |
|
|
16
Fidelity National Information Services
FIS
$21.3B
| $290M | 2.2% |
2,052,124
+1,010,925
| +97% | +$144M |
|
17
Marriott International
MAR
$92.9B
| $243M | 1.84% |
1,840,000
+498,963
| +37% | +$57M |
|
|
18
CALL
Amazon
AMZN
$2.79T
| $221M | 1.68% |
+1,360,000
| New | +$217M |
|
19
Meta Platforms (Facebook)
META
$1.4T
| $195M | 1.48% |
714,306
| – | – |
|
|
FISV
20
Fiserv Inc
FISV
$28B
| $165M | 1.25% |
1,445,885
-228,620
| -14% | -$24.6M |
|
|
GRA
21
DELISTED
W.R. Grace & Co.
GRA
| $150M | 1.14% |
2,731,556
| – | – |
|
|
PSTH
22
DELISTED
Pershing Square Tontine Holdings, Ltd.
PSTH
| $140M | 1.06% |
5,063,789
-6,261,211
| -55% | -$151M |
|
|
23
CALL
Marriott International
MAR
$92.9B
| $132M | 1% |
1,000,000
| – | – |
|
|
24
Alphabet (Google) Class A
GOOGL
$4.22T
| $123M | 0.93% |
1,399,500
+1,159,500
| +483% | +$97.5M |
|
|
25
Hilton Worldwide
HLT
$73.5B
| $115M | 0.87% |
1,030,400
-539,600
| -34% | -$53.5M |
|
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Eric Mandelblatt's Q4 2020 Portfolio in Review
As of Q4 2020, Eric Mandelblatt held 32 positions worth $13.2B, up 33% from $9.92B the previous quarter. Its ten largest holdings account for 68% of the portfolio.
Eric Mandelblatt deployed $2.35B of net new capital in Q4 2020, opening 5 new positions and adding to 9 existing holdings. Its largest new stake was Lowe's Companies: 2,487,168 shares worth $399M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 22% of assets, down from 22% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was RTX Corp, an estimated $542M trimmed.
- Eric Mandelblatt's largest Q4 2020 buy was Lowe's Companies: 2,487,168 shares worth $399M.
- Eric Mandelblatt added most to Microsoft in Q4 2020, an estimated $1.01B increase.
- Eric Mandelblatt's biggest Q4 2020 reduction was RTX Corp, cutting an estimated $542M.
- Eric Mandelblatt's ten largest holdings make up 68% of its $13.2B portfolio in Q4 2020.
- Eric Mandelblatt opened 5 new positions and closed 1 in Q4 2020.
- Eric Mandelblatt's portfolio value rose 33% quarter-over-quarter to $13.2B.
Based on Soroban Capital Partners's 13F filing for Q4 2020, filed 16 Feb 2021.