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Soroban Capital Partners LP Strengthens Its Position In Time Warner Cable Inc (TWC)

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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 Soroban Capital Partners

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.

Eric W. Mandelblatt And Gaurav Kapadia
Eric W. Mandelblatt And Gaurav Kapadia
Soroban Capital Partners

At Insider Monkey, we track hedge funds’ moves in order to identify actionable patterns and profit from them. Our research has shown that hedge funds’ large-cap stock picks historically delivered a monthly alpha of six basis points, though these stocks underperformed the S&P 500 Total Return Index by an average of seven basis points per month between 1999 and 2012. On the other hand, the 15 most popular small-cap stocks among hedge funds outperformed the S&P 500 Index by an average of 95 basis points per month (read the details here). Since the official launch of our small-cap strategy in August 2012, it has performed just as predicted, returning over 139% and beating the market by more than 80 percentage points. We believe the data is clear: investors will be better off by focusing on small-cap stocks utilizing hedge fund expertise rather than large-cap stocks.

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