Ricky Sandler Eminence Capital
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.
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 | |
|---|---|---|---|---|---|---|---|
26
Estee Lauder
EL
$40.7B
| $50.1M | 1.15% |
+698,350
| New | +$71.4M |
2026 Q1
0 quarters
|
|
27
Flutter Entertainment
FLUT
$14.6B
| $49.3M | 1.13% |
483,900
+404,749
| +511% | +$58.3M |
2025 Q1
4 quarters
|
|
28
MongoDB
MDB
$27.5B
| $39.9M | 0.91% |
163,008
+7,186
| +5% | +$2.4M |
2025 Q3
2 quarters
|
|
29
Camping World
CWH
$461M
| $39.8M | 0.91% |
5,832,492
+52,687
| +0.9% | +$543K |
2023 Q4
9 quarters
|
|
30
Dave & Buster's
PLAY
$279M
| $25.4M | 0.58% |
2,346,038
| – | – |
2023 Q2
11 quarters
|
|
31
Red Rock Resorts
RRR
$2.98B
| $22.1M | 0.51% |
414,491
-1,199,692
| -74% | -$73.2M |
2020 Q1
24 quarters
|
|
32
monday.com
MNDY
$3.22B
| $17.1M | 0.39% |
+248,101
| New | +$23.8M |
2026 Q1
0 quarters
|
|
33
Unity
U
$22.2B
| $15.9M | 0.36% |
+724,782
| New | +$20.1M |
2026 Q1
0 quarters
|
|
34
CF Industries
CF
$17.9B
| – | – |
-1,276,307
| Closed | -$98.7M | – |
|
|
35
Salesforce
CRM
$179B
| – | – |
-1,042,521
| Closed | -$276M | – |
|
|
36
DraftKings
DKNG
$9.6B
| – | – |
-8,426,755
| Closed | -$290M | – |
|
37
Elevance Health
ELV
$92B
| – | – |
-487,147
| Closed | -$171M | – |
|
|
38
Graphic Packaging
GPK
$3.28B
| – | – |
-12,811,941
| Closed | -$193M | – |
|
|
39
GitLab
GTLB
$7.95B
| – | – |
-7,702,226
| Closed | -$289M | – |
|
|
40
Jefferies Financial Group
JEF
$10.9B
| – | – |
-3,812,615
| Closed | -$236M | – |
|
41
LPL Financial
LPLA
$23.8B
| – | – |
-441,845
| Closed | -$158M | – |
|
42
Meta Platforms (Facebook)
META
$1.62T
| – | – |
-62,250
| Closed | -$41.1M | – |
|
43
Pinterest
PINS
$11B
| – | – |
-4,539,453
| Closed | -$118M | – |
|
44
Peloton Interactive
PTON
$2.57B
| – | – |
-18,154,907
| Closed | -$112M | – |
|
45
Sysco
SYY
$38B
| – | – |
-897,277
| Closed | -$66.1M | – |
|
46
UnitedHealth
UNH
$358B
| – | – |
-378,260
| Closed | -$125M | – |
|
47
Union Pacific
UNP
$179B
| – | – |
-351,839
| Closed | -$81.4M | – |
|
Similar funds
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.