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 |
FirstEnergy
FE
|
+$131M |
| 2 |
CoStar Group
CSGP
|
+$35.7M |
| 3 |
Microsoft
MSFT
|
+$30.5M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$29.1M |
| 5 |
VeriSign
VRSN
|
+$6.84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Brookfield
BN
|
+$45.7M |
| 2 |
WEC Energy
WEC
|
+$38.6M |
| 3 |
Ameren
AEE
|
+$30.4M |
| 4 |
CRH
CRH
|
+$28.1M |
| 5 |
American Electric Power
AEP
|
+$25.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 23.37% |
| 2 | Technology | 23.3% |
| 3 | Utilities | 18.41% |
| 4 | Communication Services | 17.39% |
| 5 | Industrials | 11.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.59T
| $1.45B | 19.41% |
3,439,410
+71,500
| +2% | +$30.5M |
|
|
2
Alphabet (Google) Class C
GOOG
$4.18T
| $681M | 9.12% |
3,575,580
| – | – |
|
3
Visa
V
$693B
| $639M | 8.55% |
2,020,679
-46,395
| -2% | -$14M |
|
|
4
Alphabet (Google) Class A
GOOGL
$4.22T
| $618M | 8.27% |
3,263,315
+166,500
| +5% | +$29.1M |
|
|
5
Brookfield
BN
$93.1B
| $590M | 7.9% |
15,410,193
-1,213,394
| -7% | -$45.7M |
|
6
CSX Corp
CSX
$95.6B
| $549M | 7.35% |
17,002,851
| – | – |
|
7
Mastercard
MA
$509B
| $517M | 6.92% |
981,036
-28,500
| -3% | -$14.8M |
|
|
8
FirstEnergy
FE
$26.6B
| $332M | 4.44% |
8,340,760
+3,133,083
| +60% | +$131M |
|
9
Union Pacific
UNP
$183B
| $303M | 4.06% |
1,328,295
| – | – |
|
|
10
Ameren
AEE
$29.4B
| $241M | 3.23% |
2,704,925
-339,881
| -11% | -$30.4M |
|
11
Yum! Brands
YUM
$41.8B
| $220M | 2.95% |
1,643,298
| – | – |
|
12
Entergy
ETR
$48.8B
| $218M | 2.92% |
2,874,758
| – | – |
|
13
TSMC
TSM
$2.17T
| $190M | 2.54% |
961,956
| – | – |
|
14
Lowe's Companies
LOW
$121B
| $178M | 2.38% |
720,126
| – | – |
|
15
DTE Energy
DTE
$28.1B
| $118M | 1.58% |
978,249
| – | – |
|
|
16
American Electric Power
AEP
$65.8B
| $115M | 1.54% |
1,247,422
-264,000
| -17% | -$25.5M |
|
17
NiSource
NI
$19.5B
| $110M | 1.47% |
2,988,649
| – | – |
|
|
18
WEC Energy
WEC
$34.5B
| $108M | 1.45% |
1,148,478
-398,251
| -26% | -$38.6M |
|
|
19
VeriSign
VRSN
$25.5B
| $101M | 1.35% |
485,997
+36,328
| +8% | +$6.84M |
|
20
CenterPoint Energy
CNP
$25.5B
| $69.9M | 0.94% |
2,203,095
| – | – |
|
|
PPL
21
PPL Corp
PPL
$25.9B
| $63.2M | 0.85% |
1,946,950
-151,000
| -7% | -$4.97M |
|
|
22
CoStar Group
CSGP
$13.1B
| $33.9M | 0.45% |
+472,912
| New | +$35.7M |
|
23
Restaurant Brands International
QSR
$28.2B
| $19.6M | 0.26% |
300,000
| – | – |
|
24
SBA Communications
SBAC
$19.4B
| $6.06M | 0.08% |
+29,747
| New | +$6.7M |
|
25
CMS Energy
CMS
$21.4B
| – | – |
-192,695
| Closed | -$13.6M |
|
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Eric Mandelblatt's Q4 2024 Portfolio in Review
As of Q4 2024, Eric Mandelblatt held 26 positions worth $7.47B, up 3.4% from $7.23B the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Eric Mandelblatt's Q4 2024 filing shows 2 new, 4 increased, 7 reduced and 2 closed positions. Its largest new stake was CoStar Group: 472,912 shares worth $33.9M. The largest sale was Brookfield, an estimated $45.7M.
By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 23% a quarter earlier, followed by Technology and Utilities.
- Eric Mandelblatt's largest Q4 2024 buy was CoStar Group: 472,912 shares worth $33.9M.
- Eric Mandelblatt added most to FirstEnergy in Q4 2024, an estimated $131M increase.
- Eric Mandelblatt's biggest Q4 2024 reduction was Brookfield, cutting an estimated $45.7M.
- Eric Mandelblatt fully exited CRH in Q4 2024, selling an estimated $28.1M.
- Eric Mandelblatt's ten largest holdings make up 79% of its $7.47B portfolio in Q4 2024.
- Eric Mandelblatt opened 2 new positions and closed 2 in Q4 2024.
- Eric Mandelblatt's portfolio value rose 3.4% quarter-over-quarter to $7.47B.
Based on Soroban Capital Partners's 13F filing for Q4 2024, filed 14 Feb 2025.