Soroban Capital: Performance, Strategy, AUM and Partners

1. NXP Semiconductors NV (NASDAQ:NXPI)

In NXP Semiconductors NV (NASDAQ:NXPI), Soroban Capital Partners boosted its position by 71% during the second quarter, having amassed 16.68 million shares worth $1.83 billion at the end of June. NXP Semiconductors NV (NASDAQ:NXPI) is currently in the process of being acquired by QUALCOMM, Inc. (NASDAQ:QCOM) in a $38 billion deal, but earlier this year, a number of activist investors including Paul Singer’s Elliott Management, asked NXP Semiconductors NV (NASDAQ:NXPI) to seek renegotiation of the deal in order to raise the bid. In June, Morgan Stanley analyst Craig Hettenbach said that Qualcomm can raise its bid by up to 10% “with minimal impact to its balance sheet ad deal accretion.” Recently, EU antitrust regulators have halted their review of the deal for the second time. There were 74 investors in our database long NXP Semiconductors NV (NASDAQ:NXPI) at the end of June, down by three over the quarter.