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
|
+$14.1M |
| 2 |
Nutrien
NTR
|
+$10.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lowe's Companies
LOW
|
+$299M |
| 2 |
Yum! Brands
YUM
|
+$227M |
| 3 |
X
US Steel
X
|
+$216M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$148M |
| 5 |
Microsoft
MSFT
|
+$118M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 33.2% |
| 2 | Energy | 18.66% |
| 3 | Technology | 16.47% |
| 4 | Materials | 15.23% |
| 5 | Consumer Discretionary | 8.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CSX Corp
CSX
$95.6B
| $1.8B | 21.62% |
58,100,864
+470,000
| +0.8% | +$14.1M |
|
|
2
Microsoft
MSFT
$3.59T
| $1.04B | 12.47% |
4,327,559
-491,375
| -10% | -$118M |
|
3
Cenovus Energy
CVE
$60.7B
| $1.01B | 12.12% |
51,957,862
| – | – |
|
4
Union Pacific
UNP
$183B
| $964M | 11.58% |
4,654,919
| – | – |
|
5
Teck Resources
TECK
$33.9B
| $419M | 5.04% |
11,084,331
-974,301
| -8% | -$33.7M |
|
6
Visa
V
$693B
| $357M | 4.29% |
1,720,650
-240,000
| -12% | -$48.4M |
|
|
7
Lowe's Companies
LOW
$121B
| $341M | 4.1% |
1,710,990
-1,497,893
| -47% | -$299M |
|
8
Analog Devices
ADI
$182B
| $333M | 4% |
2,031,223
| – | – |
|
9
Amazon
AMZN
$2.79T
| $332M | 3.98% |
3,948,200
| – | – |
|
|
10
Alphabet (Google) Class C
GOOG
$4.18T
| $317M | 3.81% |
3,575,580
-263,400
| -7% | -$25.1M |
|
11
The Mosaic Company
MOS
$7.76B
| $302M | 3.62% |
6,873,501
| – | – |
|
12
EQT Corp
EQT
$33.6B
| $219M | 2.63% |
6,469,016
| – | – |
|
13
CF Industries
CF
$19.6B
| $210M | 2.52% |
2,460,321
-27,500
| -1% | -$2.79M |
|
14
Westlake Corp
WLK
$10.1B
| $207M | 2.49% |
2,021,674
| – | – |
|
15
Canadian Natural Resources
CNQ
$106B
| $176M | 2.11% |
6,339,638
| – | – |
|
16
Suncor Energy
SU
$80B
| $150M | 1.8% |
4,721,080
-178,474
| -4% | -$5.87M |
|
|
17
Nutrien
NTR
$35.9B
| $89.2M | 1.07% |
1,221,005
+128,954
| +12% | +$10.2M |
|
|
X
18
DELISTED
US Steel
X
| $40.7M | 0.49% |
1,622,974
-9,377,026
| -85% | -$216M |
|
|
19
Alphabet (Google) Class A
GOOGL
$4.22T
| $21.2M | 0.25% |
240,000
-1,561,339
| -87% | -$148M |
|
20
Mastercard
MA
$509B
| – | – |
-390,257
| Closed | -$111M |
|
21
Vale
VALE
$62.1B
| – | – |
-2,062,324
| Closed | -$27.5M |
|
22
Wabtec
WAB
$50.3B
| – | – |
-975,361
| Closed | -$79.3M |
|
|
23
Yum! Brands
YUM
$41.8B
| – | – |
-2,138,859
| Closed | -$227M |
|
|
OKLO
24
Oklo
OKLO
$7.83B
| – | – |
-2,000,000
| Closed | -$19.5M |
|
|
TIOA
25
DELISTED
Tio Tech A Class A Ordinary Share
TIOA
| – | – |
-1,600,000
| Closed | -$15.8M |
|
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Eric Mandelblatt's Q4 2022 Portfolio in Review
As of Q4 2022, Eric Mandelblatt held 40 positions worth $8.32B, down 9.9% from $9.24B the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Eric Mandelblatt withdrew a net $1.57B in Q4 2022, closing 21 positions and reducing 9 holdings. Its most notable exit was Yum! Brands, an estimated $227M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 33% of assets, up from 27% a quarter earlier, followed by Energy and Technology.
Against the trend, Eric Mandelblatt added an estimated $14.1M to CSX Corp.
- Eric Mandelblatt added most to CSX Corp in Q4 2022, an estimated $14.1M increase.
- Eric Mandelblatt's biggest Q4 2022 reduction was Lowe's Companies, cutting an estimated $299M.
- Eric Mandelblatt fully exited Yum! Brands in Q4 2022, selling an estimated $227M.
- Eric Mandelblatt's ten largest holdings make up 83% of its $8.32B portfolio in Q4 2022.
- Eric Mandelblatt opened 0 new positions and closed 21 in Q4 2022.
- Eric Mandelblatt's portfolio value fell 9.9% quarter-over-quarter to $8.32B.
Based on Soroban Capital Partners's 13F filing for Q4 2022, filed 14 Feb 2023.