Eric W. Mandelblatt’s Soroban Capital Partners LP has shown strong interest in Time Warner Cable Inc (NYSE:TWC) through its latest 13G filing with the SEC, which disclosed its ownership of 14.20 million shares in the firm. With this filing, the investment manager now controls 5% of the outstanding common shares of the internet service provider. Prior to this 13G filing, the fund manager reported ownership of 6.17 million shares valued at $924.17 million at the end of the first quarter.
Eric Mandelblatt founded Soroban Capital Partners in 2010 prior to working as the partner and co-CEO at TPG-Axon Capital Management, and the investment manager operates through a fundamental value-driven approach while focusing on long/short equity investments. Soroban Capital Partners had a public equity portfolio worth $10.71 billion at the end of the first quarter of 2015, with its primary investments in consumer discretionary stocks (35%), energy (19%), and information technology (17%). The top ten stock holdings of the investment manager accounted for 61.14% of its overall portfolio. Williams Companies Inc (NYSE:WMB), Time Warner Cable Inc (NYSE:TWC), and CBS Corporation (NYSE:CBS) were the top three stock investments of Mandelblatt at the end of the first quarter. The investment manager opened an activist position in California Resources Corp (NYSE:CRC) earlier this year of 38.47 million shares or 10% of the company’s common shares.
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