Williams Companies Inc. (WMB), CBS Corporation (CBS) and Autodesk Inc. (ADSK): Soroban Capital Partners Top Q2 Picks

Soroban Capital Partners, led by Eric W. Mandelblatt, recently filed its 13F filing with the U.S. Securities and Exchange Commission for the second quarter of 2014. The fund disclosed ownership of 48 equity positions, worth more than $17 billion. Over the quarter, Horseman acquired more than 20 new stocks and sold out nine holdings. In this article, we will take a look at the fund’s three top holdings for the second quarter. The largest positions are represented by Williams Companies Inc. (NYSE:WMB), CBS Corporation (NYSE:CBS) and Autodesk Inc. (NASDAQ:ADSK).

Williams Companies, Inc. (NYSE:WMB)

Eric W. Mandelblatt founded New York based Soroban Capital in 2010. He previously was a partner and co-CEO of TPG -Axon Capital Management. It is an activist hedge fund that invests in both equity and debt markets.

In Williams Companies Inc. (NYSE:WMB), Soroban Capital’s stake remained unchanged over the quarter. However, the fund upped its exposure to CBS Corporation (NYSE:CBS) and Autodesk Inc. (NASDAQ:ADSK).

Soroban Capital holds 21 million shares of Williams Companies Inc. (NYSE:WMB). The market value of the holding amounts to $1.2 billion. Tulsa, Oklahoma-based Williams Companies Inc. (NYSE:WMB) is an energy infrastructure company in North America, and has a market cap of just over $44 million. Last week, the company announced that its board of directors approved a regular dividend of $0.56 on the company’s common stock, representing an increase of 32% from the previous quarterly dividend. Other hedge funds holding big stakes in the company include Keith Meister’s Corvex Capital and Robert Pitts’ Steadfast Capital Management, which own 41.68 million shares and 7.75 million shares, respectively.

Second most valuable holding is CBS Corporation (NYSE:CBS), in which Soroban Capital upped its stake to 8.34 million shares, worth $518.2 million, from 4.98 million shares held previously. With a market cap of $31.6 billion, CBS Corporation (NYSE:CBS) is engaged in creating and distributing industry-leading content across a variety of platforms to audiences around the world. Recently, the company announced the full redemption of its outstanding 8.875% senior notes due May 15, 2019.

In its recent 13F, Pentwater Capital Management, managed by Matthew Halbower, disclosed owning 16.20 million shares of CBS Corporation (NYSE:CBS). Another hedge fund, Sean Cullinan’s Point State Capital reported holding 8.11 million shares of the company.

Third position is occupied by Autodesk Inc. (NASDAQ:ADSK), which is engaged in designing different software for design professionals, engineers and architects, digital artists, students and hobbyists. Soroban Capital owns 9.15 million shares of the company, with a reported value of around $516 million. Previously, the fund held 7.19 million shares of the company.

In June, Autodesk Inc. (NASDAQ:ADSK) said that it acquired Stockholm-based Bitsquid AB, which is the creator of the Bitsquid game engine. Other largest shareholders of Autodesk Inc. (NASDAQ:ADSK) include Eminence Capital, led by Ricky Sandler, which holds nearly 6 million shares, and D E Shaw, run by David E. Shaw, which owns 2.77 million shares of the company.

Disclosure: none

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!