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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
+8.2%
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
$11.8B
AUM Growth
+$158M
(+1.4%)
Cap. Flow
-$792M
Cap. Flow % of AUM
Cap. Flow %
-6.69%
Top 10 Holdings %
Top 10 Hldgs %
74.72%
Holding
138
New
20
Increased
7
Reduced
11
Closed
88
Avg Time Held
Equity + Options
0.5
years
Top 10 Avg Time Held
Equity + Options
1.1
years
Top 20 Avg Time Held
Equity + Options
0.9
years
Avg Time Held Equity only
0.5
years
Top 10 Avg Time Held Equity only
1.6
years
Top 20 Avg Time Held Equity only
0.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$639M |
| 2 |
TWTR
Twitter, Inc.
TWTR
|
+$334M |
| 3 |
Netflix
NFLX
|
+$327M |
| 4 |
CSX Corp
CSX
|
+$227M |
| 5 |
Lowe's Companies
LOW
|
+$223M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$467M |
| 2 |
Comcast
CMCSA
|
+$430M |
| 3 |
Domino's
DPZ
|
+$409M |
| 4 |
RTX Corp
RTX
|
+$333M |
| 5 |
Microsoft
MSFT
|
+$191M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 27.88% |
| 2 | Technology | 24.92% |
| 3 | Industrials | 16.06% |
| 4 | Consumer Discretionary | 14.3% |
| 5 | Miscellaneous | 10.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.96T
| $1.83B | 15.44% |
6,749,087
-752,040
| -10% | -$191M |
2020 Q1
5 quarters
|
|
|
2
CSX Corp
CSX
$94.2B
| $1.03B | 8.73% |
32,233,580
+6,894,938
| +27% | +$227M |
2019 Q4
6 quarters
|
|
3
Optimum Communications Inc
OPTU
$278M
| $922M | 7.79% |
27,000,000
-4,000,000
| -13% | -$140M |
2019 Q1
9 quarters
|
|
4
Amazon
AMZN
$2.93T
| $843M | 7.12% |
4,899,420
-351,200
| -7% | -$58.4M |
2020 Q1
5 quarters
|
|
|
5
Lowe's Companies
LOW
$130B
| $827M | 6.98% |
4,262,932
+1,138,025
| +36% | +$223M |
2020 Q4
2 quarters
|
|
6
Union Pacific
UNP
$179B
| $810M | 6.84% |
3,680,964
+672,149
| +22% | +$150M |
2016 Q2
20 quarters
|
|
|
7
Meta Platforms (Facebook)
META
$1.64T
| $693M | 5.85% |
+1,991,795
| New | +$639M |
2021 Q2
0 quarters
|
|
|
8
CALL
Amazon
AMZN
$2.93T
| $688M | 5.81% |
+4,000,000
| New | +$665M |
2021 Q2
0 quarters
|
|
9
Alphabet (Google) Class C
GOOG
$3.5T
| $623M | 5.26% |
4,973,400
| – | – |
2017 Q2
16 quarters
|
|
10
Analog Devices
ADI
$191B
| $579M | 4.89% |
3,363,049
+888,105
| +36% | +$142M |
2020 Q3
3 quarters
|
|
|
11
CALL
Microsoft
MSFT
$3.96T
| $542M | 4.58% |
+2,000,000
| New | +$508M |
2021 Q2
0 quarters
|
|
12
Fidelity National Information Services
FIS
$14.6B
| $508M | 4.29% |
3,586,085
+444,071
| +14% | +$66M |
2020 Q3
3 quarters
|
|
|
TWTR
13
DELISTED
Twitter, Inc.
TWTR
| $374M | 3.16% |
+5,441,572
| New | +$334M |
2021 Q2
0 quarters
|
|
|
14
Netflix
NFLX
$260B
| $338M | 2.85% |
+6,391,990
| New | +$327M |
2021 Q2
0 quarters
|
|
15
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $247M | 2.08% |
2,188,681
| – | – |
2021 Q1
1 quarter
|
|
16
Visa
V
$789B
| $170M | 1.44% |
727,443
| – | – |
2021 Q1
1 quarter
|
|
17
Mastercard
MA
$574B
| $156M | 1.31% |
425,986
| – | – |
2021 Q1
1 quarter
|
|
18
Alphabet (Google) Class A
GOOGL
$3.53T
| $101M | 0.85% |
828,380
| – | – |
2019 Q1
9 quarters
|
|
|
NSTB
19
DELISTED
Northern Star Investment Corp. II
NSTB
| $39.4M | 0.33% |
3,960,000
| – | – |
2021 Q1
1 quarter
|
|
20
S&P Global
SPGI
$137B
| $39.4M | 0.33% |
95,983
-235,683
| -71% | -$90.6M |
2021 Q1
1 quarter
|
|
21
DELISTED
MoneyLion Inc.
ML
| $34.5M | 0.29% |
115,500
| – | – |
2021 Q1
1 quarter
|
|
22
DELISTED
Doma Holdings, Inc.
DOMA
| $31.2M | 0.26% |
125,322
-156
| -0.1% | -$38.7K |
2021 Q1
1 quarter
|
|
23
Wabtec
WAB
$50.9B
| $27.2M | 0.23% |
+330,020
| New | +$26.8M |
2021 Q2
0 quarters
|
|
|
KAHC
24
DELISTED
KKR Acquisition Holdings I Corp.
KAHC
| $24.6M | 0.21% |
+2,500,000
| New | +$24.4M |
2021 Q2
0 quarters
|
|
|
LGV
25
DELISTED
Longview Acquisition Corp. II
LGV
| $24.5M | 0.21% |
+2,500,000
| New | +$24.6M |
2021 Q2
0 quarters
|
|
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Eric Mandelblatt's Q2 2021 Portfolio in Review
As of Q2 2021, Eric Mandelblatt held 138 positions worth $11.8B, up 1.4% from $11.7B the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Eric Mandelblatt withdrew a net $792M in Q2 2021, closing 88 positions and reducing 11 holdings. Its most notable exit was Alibaba, an estimated $467M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 28% of assets, up from 19% a quarter earlier, followed by Technology and Industrials.
Against the trend, Eric Mandelblatt opened a new position in Meta Platforms (Facebook) worth $693M.
- Eric Mandelblatt's largest Q2 2021 buy was Meta Platforms (Facebook): 1,991,795 shares worth $693M.
- Eric Mandelblatt added most to CSX Corp in Q2 2021, an estimated $227M increase.
- Eric Mandelblatt's biggest Q2 2021 reduction was Microsoft, cutting an estimated $191M.
- Eric Mandelblatt fully exited Alibaba in Q2 2021, selling an estimated $467M.
- Eric Mandelblatt's ten largest holdings make up 75% of its $11.8B portfolio in Q2 2021.
- Eric Mandelblatt opened 20 new positions and closed 88 in Q2 2021.
- Eric Mandelblatt's portfolio value rose 1.4% quarter-over-quarter to $11.8B.
Based on Soroban Capital Partners's 13F filing for Q2 2021, filed 16 Aug 2021.