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Soroban Capital takes new stake in Mastercard; exits Amazon, Suncor

May 15, 2023 8:02 PM ETMastercard Incorporated (MA), AMZN, SU, SU:CAADI, UNP, CNQ, MOS, V, GOOGL, BKI, NTRBy: Jessica Kuruthukulangara, SA News Editor
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  • Soroban Capital Partners picked up new stakes in Black Knight (BKI) and Mastercard (NYSE:MA) during Q1, its latest 13F filing showed, and exited Amazon (NASDAQ:AMZN), Analog Devices (ADI) and Suncor Energy (NYSE:SU).
  • The hedge fund increased its stake in Alphabet (GOOGL) to ~1.6M shares from 240K shares, and Union Pacific (UNP) to ~8.3M from ~4.7M.
  • Soroban slashed its holdings in Nutrien (NTR) to 491.4K shares from 1.2M shares, Visa (V) to 1.28M from 1.7M, Canadian Natural Resources (CNQ) to 1.15M shares from 3.17M shares, and Mosaic (MOS) to ~2.4M from ~6.9M, according to the filing.
  • Earlier, Union Pacific searching for new CEO amid activist pressure from Soroban Capital.

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