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 |
Brookfield
BN
|
+$90.8M |
| 2 |
Planet Fitness
PLNT
|
+$22.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CSX Corp
CSX
|
+$316M |
| 2 |
Microsoft
MSFT
|
+$129M |
| 3 |
Cenovus Energy
CVE
|
+$75.7M |
| 4 |
Visa
V
|
+$38.6M |
| 5 |
BKI
Black Knight, Inc. Common Stock
BKI
|
+$6.17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 44.26% |
| 2 | Technology | 17.37% |
| 3 | Communication Services | 10% |
| 4 | Materials | 8.07% |
| 5 | Energy | 7.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Union Pacific
UNP
$183B
| $1.68B | 24.88% |
8,260,185
| – | – |
|
|
2
CSX Corp
CSX
$95.6B
| $1.31B | 19.39% |
42,621,539
-9,971,498
| -19% | -$316M |
|
|
3
Microsoft
MSFT
$3.59T
| $1.17B | 17.37% |
3,719,967
-389,000
| -9% | -$129M |
|
4
Alphabet (Google) Class C
GOOG
$4.18T
| $471M | 6.97% |
3,575,580
| – | – |
|
5
Teck Resources
TECK
$33.9B
| $434M | 6.41% |
10,061,923
| – | – |
|
6
Lowe's Companies
LOW
$121B
| $356M | 5.26% |
1,710,990
| – | – |
|
|
7
Visa
V
$693B
| $258M | 3.82% |
1,123,782
-160,577
| -13% | -$38.6M |
|
8
EQT Corp
EQT
$33.6B
| $230M | 3.41% |
5,674,043
| – | – |
|
|
9
Cenovus Energy
CVE
$60.7B
| $209M | 3.09% |
10,024,149
-3,965,314
| -28% | -$75.7M |
|
|
10
Alphabet (Google) Class A
GOOGL
$4.22T
| $205M | 3.03% |
1,565,604
| – | – |
|
11
Mastercard
MA
$509B
| $142M | 2.09% |
357,689
| – | – |
|
12
Westlake Corp
WLK
$10.1B
| $112M | 1.66% |
898,837
| – | – |
|
|
13
Brookfield
BN
$93.1B
| $84M | 1.24% |
+4,029,890
| New | +$90.8M |
|
14
Canadian Natural Resources
CNQ
$106B
| $74.4M | 1.1% |
2,300,212
| – | – |
|
|
15
Planet Fitness
PLNT
$4.09B
| $18.6M | 0.28% |
+378,335
| New | +$22.9M |
|
|
BKI
16
DELISTED
Black Knight, Inc. Common Stock
BKI
| – | – |
-103,286
| Closed | -$6.17M |
|
Similar funds
Eric Mandelblatt's Q3 2023 Portfolio in Review
As of Q3 2023, Eric Mandelblatt held 16 positions worth $6.76B, down 8.7% from $7.41B the previous quarter. Its ten largest holdings account for 94% of the portfolio.
Eric Mandelblatt withdrew a net $451M in Q3 2023, closing 1 position and reducing 4 holdings. Its most notable exit was Black Knight, Inc. Common Stock, an estimated $6.17M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 44% of assets, down from 47% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Eric Mandelblatt opened a new position in Brookfield worth $84M.
- Eric Mandelblatt's largest Q3 2023 buy was Brookfield: 4,029,890 shares worth $84M.
- Eric Mandelblatt's biggest Q3 2023 reduction was CSX Corp, cutting an estimated $316M.
- Eric Mandelblatt fully exited Black Knight, Inc. Common Stock in Q3 2023, selling an estimated $6.17M.
- Eric Mandelblatt's ten largest holdings make up 94% of its $6.76B portfolio in Q3 2023.
- Eric Mandelblatt opened 2 new positions and closed 1 in Q3 2023.
- Eric Mandelblatt's portfolio value fell 8.7% quarter-over-quarter to $6.76B.
Based on Soroban Capital Partners's 13F filing for Q3 2023, filed 14 Nov 2023.