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Ricky Sandler Eminence Capital
AUM
$4.36B
Turnover
46.81%
1-Year Est. Return
3.1%
Ricky Sandler is the founder of Eminence Capital, a fundamental long/short equity firm. Eminence is known for research-driven positions across sectors and for an active approach to portfolio construction rather than passive cloning of indexes. Sandler’s firm is frequently listed among notable fundamental hedge funds followed through 13F disclosures.
This Fund
S&P 500
This Quarter Est. Return
-13.12%
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
$4.36B
AUM Growth
-$1.96B
(-31%)
Cap. Flow
-$1.25B
Cap. Flow % of AUM
Cap. Flow %
-28.73%
Top 10 Holdings %
Top 10 Hldgs %
55.56%
Holding
47
New
8
Increased
19
Reduced
5
Closed
14
Avg Time Held
2.4
years
Top 10 Avg Time Held
0.5
years
Top 20 Avg Time Held
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sea Limited
SE
|
+$153M |
| 2 |
TSMC
TSM
|
+$145M |
| 3 |
Danaher
DHR
|
+$120M |
| 4 |
Somnigroup International
SGI
|
+$104M |
| 5 |
Performance Food Group
PFGC
|
+$98M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DraftKings
DKNG
|
+$290M |
| 2 |
GitLab
GTLB
|
+$289M |
| 3 |
Salesforce
CRM
|
+$276M |
| 4 |
Jefferies Financial Group
JEF
|
+$236M |
| 5 |
Graphic Packaging
GPK
|
+$193M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.87% |
| 2 | Technology | 22.46% |
| 3 | Industrials | 9.72% |
| 4 | Consumer Staples | 8.45% |
| 5 | Healthcare | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Sea Limited
SE
$57.4B
| $337M | 7.72% |
4,065,665
+1,424,025
| +54% | +$153M |
2023 Q4
9 quarters
|
|
2
Amazon
AMZN
$2.7T
| $322M | 7.37% |
1,543,759
+68,144
| +5% | +$15M |
2020 Q1
24 quarters
|
|
|
3
Performance Food Group
PFGC
$15.4B
| $319M | 7.31% |
3,719,411
+1,072,058
| +40% | +$98M |
2021 Q1
20 quarters
|
|
4
Coupang
CPNG
$25.7B
| $293M | 6.71% |
15,510,784
+2,866,742
| +23% | +$56.1M |
2025 Q2
3 quarters
|
|
5
Advanced Micro Devices
AMD
$863B
| $239M | 5.49% |
1,176,963
+208,522
| +22% | +$44.5M |
2023 Q4
9 quarters
|
|
6
Dynatrace
DT
$17.7B
| $196M | 4.5% |
5,304,693
+777,427
| +17% | +$29.7M |
2024 Q2
7 quarters
|
|
7
Asbury Automotive
ABG
$3.05B
| $187M | 4.28% |
956,079
+29,687
| +3% | +$6.58M |
2013 Q2
51 quarters
|
|
8
Louisiana-Pacific
LPX
$4.9B
| $184M | 4.23% |
2,533,385
-1,514,751
| -37% | -$128M |
2023 Q2
11 quarters
|
|
9
Synopsys
SNPS
$87.1B
| $178M | 4.08% |
449,220
+199,973
| +80% | +$90.4M |
2025 Q3
2 quarters
|
|
10
Liberty Media Corporation Series C Common Stock
FWONK
$22.8B
| $169M | 3.87% |
1,982,673
+87,521
| +5% | +$7.65M |
2017 Q2
35 quarters
|
|
11
Ferguson
FERG
$44.8B
| $151M | 3.45% |
645,805
+145,998
| +29% | +$35.5M |
2022 Q2
15 quarters
|
|
12
Workiva
WK
$4.1B
| $150M | 3.45% |
2,519,889
-1,186,263
| -32% | -$82.7M |
2025 Q1
4 quarters
|
|
13
Tenet Healthcare
THC
$21.5B
| $149M | 3.42% |
790,302
+176,341
| +29% | +$37.2M |
2025 Q3
2 quarters
|
|
14
Valvoline
VVV
$4.01B
| $149M | 3.42% |
4,425,261
+212,968
| +5% | +$7.36M |
2025 Q4
1 quarter
|
|
15
Zillow
Z
$6.93B
| $143M | 3.27% |
3,445,538
+1,351,648
| +65% | +$71.9M |
2019 Q3
26 quarters
|
|
|
16
TSMC
TSM
$2.14T
| $143M | 3.27% |
+421,673
| New | +$145M |
2026 Q1
0 quarters
|
|
|
17
Somnigroup International
SGI
$14.6B
| $112M | 2.56% |
1,512,994
+1,199,239
| +382% | +$104M |
2020 Q1
24 quarters
|
|
18
Alibaba
BABA
$271B
| $108M | 2.48% |
861,326
+35,565
| +4% | +$5.35M |
2023 Q1
12 quarters
|
|
|
19
Danaher
DHR
$161B
| $106M | 2.44% |
+561,234
| New | +$120M |
2026 Q1
0 quarters
|
|
20
Medline Inc
MDLN
$31.5B
| $101M | 2.33% |
2,279,190
+774,190
| +51% | +$34.2M |
2025 Q4
1 quarter
|
|
21
Vail Resorts
MTN
$5.38B
| $91.6M | 2.1% |
+714,077
| New | +$97.4M |
2026 Q1
0 quarters
|
|
22
McGrath RentCorp
MGRC
$2.76B
| $88.9M | 2.04% |
805,829
-143,844
| -15% | -$16M |
2024 Q4
5 quarters
|
|
23
Atmus Filtration Technologies
ATMU
$3.62B
| $72.8M | 1.67% |
1,281,995
-2,543,351
| -66% | -$150M |
2024 Q3
6 quarters
|
|
24
Aon
AON
$62.1B
| $57.8M | 1.32% |
+179,019
| New | +$59.5M |
2026 Q1
0 quarters
|
|
25
Marsh
MRSH
$89.9B
| $55.6M | 1.27% |
+320,386
| New | +$57.6M |
2026 Q1
0 quarters
|
|
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Ricky Sandler's Q1 2026 Portfolio in Review
As of Q1 2026, Ricky Sandler held 47 positions worth $4.36B, down 31% from $6.32B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Ricky Sandler withdrew a net $1.25B in Q1 2026, closing 14 positions and reducing 5 holdings. Its most notable exit was DraftKings, an estimated $290M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, up from 38% a quarter earlier, followed by Technology and Industrials.
Against the trend, Ricky Sandler opened a new position in TSMC worth $143M.
- Ricky Sandler's largest Q1 2026 buy was TSMC: 421,673 shares worth $143M.
- Ricky Sandler added most to Sea Limited in Q1 2026, an estimated $153M increase.
- Ricky Sandler's biggest Q1 2026 reduction was Atmus Filtration Technologies, cutting an estimated $150M.
- Ricky Sandler fully exited DraftKings in Q1 2026, selling an estimated $290M.
- Ricky Sandler's ten largest holdings make up 56% of its $4.36B portfolio in Q1 2026.
- Ricky Sandler opened 8 new positions and closed 14 in Q1 2026.
- Ricky Sandler's portfolio value fell 31% quarter-over-quarter to $4.36B.
Based on Eminence Capital's 13F filing for Q1 2026, filed 15 May 2026.