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
|
+$206M |
| 2 |
Mastercard
MA
|
+$190M |
| 3 |
Entergy
ETR
|
+$136M |
| 4 |
McDonald's
MCD
|
+$131M |
| 5 |
WEC Energy
WEC
|
+$129M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CSX Corp
CSX
|
+$329M |
| 2 |
Union Pacific
UNP
|
+$328M |
| 3 |
Exelon
EXC
|
+$284M |
| 4 |
American Electric Power
AEP
|
+$215M |
| 5 |
Lowe's Companies
LOW
|
+$66.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.45% |
| 2 | Utilities | 20.89% |
| 3 | Financials | 17% |
| 4 | Industrials | 15.88% |
| 5 | Communication Services | 15.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.59T
| $1.45B | 21.28% |
3,239,852
+488,300
| +18% | +$206M |
|
2
Alphabet (Google) Class C
GOOG
$4.18T
| $656M | 9.64% |
3,575,580
| – | – |
|
|
3
CSX Corp
CSX
$95.6B
| $616M | 9.05% |
18,416,480
-9,681,027
| -34% | -$329M |
|
4
Brookfield
BN
$93.1B
| $477M | 7% |
17,214,446
+2,123,567
| +14% | +$59.2M |
|
|
5
Union Pacific
UNP
$183B
| $465M | 6.83% |
2,054,224
-1,399,924
| -41% | -$328M |
|
|
6
Alphabet (Google) Class A
GOOGL
$4.22T
| $368M | 5.4% |
2,017,604
+452,000
| +29% | +$76.2M |
|
|
7
Mastercard
MA
$509B
| $341M | 5.02% |
773,753
+416,064
| +116% | +$190M |
|
8
Visa
V
$693B
| $339M | 4.98% |
1,291,235
+377,493
| +41% | +$103M |
|
9
Ameren
AEE
$29.4B
| $265M | 3.9% |
3,731,335
+223,504
| +6% | +$16.3M |
|
|
10
Lowe's Companies
LOW
$121B
| $252M | 3.71% |
1,145,285
-291,655
| -20% | -$66.5M |
|
11
FirstEnergy
FE
$26.6B
| $224M | 3.29% |
5,850,642
+2,466,363
| +73% | +$95.7M |
|
|
12
American Electric Power
AEP
$65.8B
| $155M | 2.28% |
1,771,219
-2,456,148
| -58% | -$215M |
|
|
13
Entergy
ETR
$48.8B
| $152M | 2.23% |
2,837,906
+2,528,536
| +817% | +$136M |
|
14
Yum! Brands
YUM
$41.8B
| $145M | 2.12% |
1,091,327
+678,395
| +164% | +$93.4M |
|
|
15
WEC Energy
WEC
$34.5B
| $140M | 2.05% |
1,778,094
+1,584,316
| +818% | +$129M |
|
|
16
McDonald's
MCD
$192B
| $125M | 1.84% |
+491,928
| New | +$131M |
|
17
DTE Energy
DTE
$28.1B
| $120M | 1.77% |
1,085,165
+363,235
| +50% | +$40.6M |
|
18
NiSource
NI
$19.5B
| $94.5M | 1.39% |
3,278,649
+1,374,568
| +72% | +$38.8M |
|
19
CMS Energy
CMS
$21.4B
| $85.9M | 1.26% |
1,443,203
+561,901
| +64% | +$34M |
|
20
VeriSign
VRSN
$25.5B
| $80M | 1.17% |
+449,669
| New | +$80.1M |
|
|
21
Exelon
EXC
$45.1B
| $74.7M | 1.1% |
2,158,129
-7,691,344
| -78% | -$284M |
|
|
PPL
22
PPL Corp
PPL
$25.9B
| $60.4M | 0.89% |
2,184,950
+89,348
| +4% | +$2.51M |
|
23
Southern Company
SO
$102B
| $49.9M | 0.73% |
+642,679
| New | +$48.7M |
|
24
CRH
CRH
$63.2B
| $45.4M | 0.67% |
604,918
-229,055
| -27% | -$18.3M |
|
25
SBA Communications
SBAC
$19.4B
| $27.2M | 0.4% |
+138,494
| New | +$27.4M |
|
Similar funds
Eric Mandelblatt's Q2 2024 Portfolio in Review
As of Q2 2024, Eric Mandelblatt held 28 positions worth $6.81B, up 2.9% from $6.62B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Eric Mandelblatt deployed $225M of net new capital in Q2 2024, opening 4 new positions and adding to 14 existing holdings. Its largest new stake was McDonald's: 491,928 shares worth $125M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 17% a quarter earlier, followed by Utilities and Financials.
On the sell side, the largest reduction was CSX Corp, an estimated $329M trimmed.
- Eric Mandelblatt's largest Q2 2024 buy was McDonald's: 491,928 shares worth $125M.
- Eric Mandelblatt added most to Microsoft in Q2 2024, an estimated $206M increase.
- Eric Mandelblatt's biggest Q2 2024 reduction was CSX Corp, cutting an estimated $329M.
- Eric Mandelblatt fully exited Mid-America Apartment Communities in Q2 2024, selling an estimated $19.8M.
- Eric Mandelblatt's ten largest holdings make up 77% of its $6.81B portfolio in Q2 2024.
- Eric Mandelblatt opened 4 new positions and closed 3 in Q2 2024.
- Eric Mandelblatt's portfolio value rose 2.9% quarter-over-quarter to $6.81B.
Based on Soroban Capital Partners's 13F filing for Q2 2024, filed 14 Aug 2024.