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Eminence Capital Portfolio holdings
AUM
$4.36B
1-Year Est. Return
3.1%
This Fund
S&P 500
This Quarter
Est. Return
-3.28%
1 Year Est. Return
-3.1%
3 Year Est. Return
+37.18%
5 Year Est. Return
+35.48%
10 Year Est. Return
+262.43%
AUM
$5.06B
AUM Growth
-$2.56B
(-34%)
Cap. Flow
-$2.32B
Cap. Flow
% of AUM
-45.87%
Top 10 Holdings %
Top 10 Hldgs %
32.91%
Holding
70
New
7
Increased
24
Reduced
30
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MASI
Masimo
MASI
|
+$121M |
| 2 |
Dave & Buster's
PLAY
|
+$114M |
| 3 |
Tandem Diabetes Care
TNDM
|
+$65.2M |
| 4 |
CBRE Group
CBRE
|
+$51.1M |
| 5 |
SMAR
Smartsheet Inc.
SMAR
|
+$50.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NEWR
New Relic, Inc.
NEWR
|
+$249M |
| 2 |
Envista
NVST
|
+$118M |
| 3 |
Bio-Rad Laboratories Class A
BIO
|
+$85.6M |
| 4 |
Spectrum Brands
SPB
|
+$74.8M |
| 5 |
JFrog
FROG
|
+$62.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 21.64% |
| 2 | Technology | 16.49% |
| 3 | Financials | 15.56% |
| 4 | Communication Services | 12.51% |
| 5 | Materials | 12.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
WIX.com
WIX
$2.3B
| $22.4M | 0.44% |
243,769
-7,035
| -3% | -$629K |
|
52
AutoNation
AN
$7.11B
| $21.5M | 0.43% |
142,074
-34,951
| -20% | -$5.58M |
|
|
CMAX
53
DELISTED
CareMax, Inc. Class A Common Stock
CMAX
| $21M | 0.41% |
329,504
+33,501
| +11% | +$2.35M |
|
|
54
Spectrum Brands
SPB
$2.04B
| $20.5M | 0.4% |
261,118
-948,421
| -78% | -$74.8M |
|
55
GoDaddy
GDDY
$11B
| $16.5M | 0.33% |
221,218
-551,443
| -71% | -$40.7M |
|
56
American Express
AXP
$227B
| $14.2M | 0.28% |
95,241
-2,751
| -3% | -$450K |
|
57
Match Group
MTCH
$9.19B
| $9.59M | 0.19% |
244,768
-7,065
| -3% | -$313K |
|
58
Keurig Dr Pepper
KDP
$42.3B
| $8.32M | 0.16% |
263,481
-820,716
| -76% | -$27.1M |
|
59
CALL
Alibaba
BABA
$293B
| $5.48M | 0.11% |
+63,200
| New | +$5.79M |
|
60
Planet Fitness
PLNT
$4.42B
| $4.85M | 0.1% |
+98,708
| New | +$5.97M |
|
61
CALL
Melco Resorts & Entertainment
MLCO
$2.22B
| $3.36M | 0.07% |
+339,700
| New | +$3.94M |
|
|
DOMA
62
DELISTED
Doma Holdings, Inc.
DOMA
| $2.49M | 0.05% |
489,664
| – | – |
|
63
Baxter International
BAX
$13.5B
| – | – |
-596,869
| Closed | -$27.2M |
|
|
64
Bio-Rad Laboratories Class A
BIO
$8.71B
| – | – |
-225,881
| Closed | -$85.6M |
|
65
Lennar Class B
LEN.B
$19.4B
| – | – |
-125,248
| Closed | -$13.5M |
|
66
Natera
NTRA
$38.3B
| – | – |
-424,451
| Closed | -$20.7M |
|
|
67
Envista
NVST
$4.44B
| – | – |
-3,494,982
| Closed | -$118M |
|
68
PUT
Invesco QQQ Trust
QQQ
$453B
| – | – |
-5,560,000
| Closed | -$2.05B |
|
69
Universal Health Services
UHS
$10.2B
| – | – |
-97,936
| Closed | -$15.5M |
|
|
NEWR
70
DELISTED
New Relic, Inc.
NEWR
| – | – |
-3,807,116
| Closed | -$249M |
|
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Eminence Capital's Q3 2023 Portfolio in Review
As of Q3 2023, Eminence Capital held 70 positions worth $5.06B, down 34% from $7.62B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Eminence Capital withdrew a net $2.32B in Q3 2023, closing 8 positions and reducing 30 holdings. Its most notable exit was New Relic, Inc., an estimated $249M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 22% of assets, up from 15% a quarter earlier, followed by Technology and Financials.
Against the trend, Eminence Capital opened a new position in Masimo worth $90.9M.
- Eminence Capital's largest Q3 2023 buy was Masimo: 1,036,253 shares worth $90.9M.
- Eminence Capital added most to Dave & Buster's in Q3 2023, an estimated $114M increase.
- Eminence Capital's biggest Q3 2023 reduction was Spectrum Brands, cutting an estimated $74.8M.
- Eminence Capital fully exited New Relic, Inc. in Q3 2023, selling an estimated $249M.
- Eminence Capital's ten largest holdings make up 33% of its $5.06B portfolio in Q3 2023.
- Eminence Capital opened 7 new positions and closed 8 in Q3 2023.
- Eminence Capital's portfolio value fell 34% quarter-over-quarter to $5.06B.
Based on Eminence Capital's 13F filing for Q3 2023, filed 14 Nov 2023.