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 |
CSX Corp
CSX
|
+$380M |
| 2 |
Visa
V
|
+$321M |
| 3 |
S&P Global
SPGI
|
+$223M |
| 4 |
Lowe's Companies
LOW
|
+$160M |
| 5 |
Union Pacific
UNP
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$182M |
| 2 |
Microsoft
MSFT
|
+$43.7M |
| 3 |
Rivian
RIVN
|
+$40.2M |
| 4 |
Canadian Natural Resources
CNQ
|
+$16.2M |
| 5 |
CF Industries
CF
|
+$12.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 24.1% |
| 2 | Materials | 16.93% |
| 3 | Technology | 16.15% |
| 4 | Energy | 13.52% |
| 5 | Consumer Discretionary | 11.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CSX Corp
CSX
$95.6B
| $1.53B | 13.21% |
52,600,295
+11,670,047
| +29% | +$380M |
|
|
2
Microsoft
MSFT
$3.59T
| $1.5B | 12.99% |
5,854,645
-160,858
| -3% | -$43.7M |
|
|
3
Union Pacific
UNP
$183B
| $1.06B | 9.19% |
4,988,300
+667,697
| +15% | +$152M |
|
4
Cenovus Energy
CVE
$60.7B
| $957M | 8.27% |
50,338,822
+1,875,000
| +4% | +$37.3M |
|
|
5
Visa
V
$693B
| $713M | 6.16% |
3,619,150
+1,551,304
| +75% | +$321M |
|
|
6
Lowe's Companies
LOW
$121B
| $683M | 5.9% |
3,907,663
+827,654
| +27% | +$160M |
|
7
Alphabet (Google) Class C
GOOG
$4.18T
| $468M | 4.05% |
4,281,580
+706,000
| +20% | +$83.4M |
|
|
8
Amazon
AMZN
$2.79T
| $419M | 3.62% |
3,948,200
-1,455,700
| -27% | -$182M |
|
9
Teck Resources
TECK
$33.9B
| $416M | 3.6% |
13,612,467
+1,353,000
| +11% | +$53.4M |
|
10
Analog Devices
ADI
$182B
| $366M | 3.16% |
2,506,179
+177,700
| +8% | +$28M |
|
11
The Mosaic Company
MOS
$7.76B
| $318M | 2.75% |
6,727,508
+1,789,613
| +36% | +$110M |
|
12
Suncor Energy
SU
$80B
| $286M | 2.47% |
8,141,148
+2,057,000
| +34% | +$74.9M |
|
13
Yum! Brands
YUM
$41.8B
| $243M | 2.1% |
2,138,859
+113,257
| +6% | +$13.2M |
|
14
Alcoa
AA
$13.7B
| $235M | 2.03% |
5,145,819
+387,839
| +8% | +$25.2M |
|
15
EQT Corp
EQT
$33.6B
| $223M | 1.92% |
6,469,016
-31,027
| -0.5% | -$1.28M |
|
16
Nutrien
NTR
$35.9B
| $220M | 1.9% |
2,755,205
+385,921
| +16% | +$37.5M |
|
|
17
CF Industries
CF
$19.6B
| $213M | 1.84% |
2,487,821
-127,030
| -5% | -$12.3M |
|
|
18
Alphabet (Google) Class A
GOOGL
$4.22T
| $213M | 1.84% |
1,954,020
+1,016,320
| +108% | +$120M |
|
|
19
S&P Global
SPGI
$127B
| $211M | 1.82% |
+626,640
| New | +$223M |
|
|
X
20
DELISTED
US Steel
X
| $209M | 1.81% |
11,683,862
| – | – |
|
21
Westlake Corp
WLK
$10.1B
| $196M | 1.69% |
2,000,000
+226,275
| +13% | +$27.7M |
|
22
CALL
Fidelity National Information Services
FIS
$21.3B
| $183M | 1.58% |
2,000,000
-1,000,000
| -33% | -$99.3M |
|
23
Vale
VALE
$62.1B
| $153M | 1.33% |
10,488,388
+461,869
| +5% | +$7.89M |
|
24
Wabtec
WAB
$50.3B
| $117M | 1.01% |
+1,429,249
| New | +$127M |
|
|
25
Canadian Natural Resources
CNQ
$106B
| $100M | 0.87% |
3,808,957
-533,677
| -12% | -$16.2M |
|
Similar funds
Eric Mandelblatt's Q2 2022 Portfolio in Review
As of Q2 2022, Eric Mandelblatt held 46 positions worth $11.6B, down 8.8% from $12.7B the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Eric Mandelblatt deployed $1.36B of net new capital in Q2 2022, opening 3 new positions and adding to 16 existing holdings. Its largest new stake was S&P Global: 626,640 shares worth $211M.
By sector, the portfolio is most concentrated in Industrials at 24% of assets, up from 21% a quarter earlier, followed by Materials and Technology.
On the sell side, the largest reduction was Amazon, an estimated $182M trimmed.
- Eric Mandelblatt's largest Q2 2022 buy was S&P Global: 626,640 shares worth $211M.
- Eric Mandelblatt added most to CSX Corp in Q2 2022, an estimated $380M increase.
- Eric Mandelblatt's biggest Q2 2022 reduction was Amazon, cutting an estimated $182M.
- Eric Mandelblatt fully exited Rivian in Q2 2022, selling an estimated $40.2M.
- Eric Mandelblatt's ten largest holdings make up 70% of its $11.6B portfolio in Q2 2022.
- Eric Mandelblatt opened 3 new positions and closed 2 in Q2 2022.
- Eric Mandelblatt's portfolio value fell 8.8% quarter-over-quarter to $11.6B.
Based on Soroban Capital Partners's 13F filing for Q2 2022, filed 15 Aug 2022.