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 |
Humana
HUM
|
+$134M |
| 2 |
Lennar Class A
LEN
|
+$131M |
| 3 |
LNKD
LinkedIn Corporation
LNKD
|
+$124M |
| 4 |
CAA
CalAtlantic Group, Inc.
CAA
|
+$112M |
| 5 |
AutoNation
AN
|
+$100M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$624M |
| 2 |
Yum! Brands
YUM
|
+$196M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$165M |
| 4 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$162M |
| 5 |
TripAdvisor
TRIP
|
+$161M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.65% |
| 2 | Consumer Discretionary | 27.11% |
| 3 | Communication Services | 18.31% |
| 4 | Financials | 10.02% |
| 5 | Energy | 4.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Asbury Automotive
ABG
$3.86B
| $111M | 1.95% |
1,851,105
-542,818
| -23% | -$29.6M |
|
|
TLRD
27
DELISTED
Tailored Brands, Inc.
TLRD
| $110M | 1.94% |
+6,143,005
| New | +$94.7M |
|
28
PTC
PTC
$16.8B
| $103M | 1.81% |
3,098,982
+89,518
| +3% | +$2.76M |
|
29
Zebra Technologies
ZBRA
$17.4B
| $92M | 1.62% |
+1,332,889
| New | +$83.3M |
|
30
Fossil Group
FOSL
$332M
| $79.2M | 1.4% |
1,783,838
-873,644
| -33% | -$34.5M |
|
|
FNFV
31
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $69.8M | 1.23% |
6,433,028
-866,254
| -12% | -$8.65M |
|
32
Wynn Resorts
WYNN
$10.3B
| $66.6M | 1.17% |
712,466
-73,674
| -9% | -$5.44M |
|
|
WWE
33
DELISTED
World Wrestling Entertainment
WWE
| $59.8M | 1.05% |
3,387,248
| – | – |
|
34
Ralph Lauren
RL
$22.2B
| $58.5M | 1.03% |
+607,234
| New | +$59.5M |
|
35
Elevance Health
ELV
$86.9B
| $48.9M | 0.86% |
+351,877
| New | +$47M |
|
|
BERY
36
DELISTED
Berry Global Group, Inc.
BERY
| $45.9M | 0.81% |
1,382,939
+798,775
| +137% | +$23.3M |
|
37
Citizens Financial Group
CFG
$29.4B
| $44.6M | 0.79% |
+2,128,839
| New | +$45.1M |
|
38
Ambarella
AMBA
$3.23B
| $28.2M | 0.5% |
631,114
+210,614
| +50% | +$8.72M |
|
39
Wayfair
W
$13.9B
| $24.6M | 0.43% |
570,000
| – | – |
|
40
J.M. Smucker
SJM
$13.3B
| $23.2M | 0.41% |
178,358
-828,880
| -82% | -$104M |
|
|
LGF
41
DELISTED
Lions Gate Entertainment
LGF
| $22.4M | 0.4% |
1,026,575
+702,702
| +217% | +$16.8M |
|
|
42
TripAdvisor
TRIP
$1.17B
| $17.6M | 0.31% |
265,295
-2,439,036
| -90% | -$161M |
|
|
JAX
43
DELISTED
J. Alexander's Holdings, Inc.
JAX
| $13.7M | 0.24% |
1,298,228
+37,500
| +3% | +$366K |
|
44
Viasat
VSAT
$10.3B
| $10.4M | 0.18% |
+142,137
| New | +$9.45M |
|
45
TIM SA
TIMB
$8.52B
| $3.65M | 0.06% |
330,000
-1,671,950
| -84% | -$14.7M |
|
46
CALL
American International
AIG
$39.8B
| – | – |
-5,853,400
| Closed | -$363M |
|
47
Axalta
AXTA
$7.75B
| – | – |
-1,906,912
| Closed | -$50.8M |
|
48
Copart
CPRT
$31.3B
| – | – |
-1,023,744
| Closed | -$4.86M |
|
49
Diageo
DEO
$52.6B
| – | – |
-465,470
| Closed | -$50.8M |
|
50
eBay
EBAY
$46.3B
| – | – |
-3,264,680
| Closed | -$89.7M |
|
Similar funds
Ricky Sandler's Q1 2016 Portfolio in Review
As of Q1 2016, Ricky Sandler held 64 positions worth $5.67B, down 29% from $8.04B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Ricky Sandler withdrew a net $2.1B in Q1 2016, closing 19 positions and reducing 16 holdings. Its most notable exit was KEURIG GREEN MTN INC, an estimated $624M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 22% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Ricky Sandler opened a new position in Humana worth $141M.
- Ricky Sandler's largest Q1 2016 buy was Humana: 771,078 shares worth $141M.
- Ricky Sandler added most to LinkedIn Corporation in Q1 2016, an estimated $124M increase.
- Ricky Sandler's biggest Q1 2016 reduction was TripAdvisor, cutting an estimated $161M.
- Ricky Sandler fully exited KEURIG GREEN MTN INC in Q1 2016, selling an estimated $624M.
- Ricky Sandler's ten largest holdings make up 46% of its $5.67B portfolio in Q1 2016.
- Ricky Sandler opened 8 new positions and closed 19 in Q1 2016.
- Ricky Sandler's portfolio value fell 29% quarter-over-quarter to $5.67B.
Based on Eminence Capital's 13F filing for Q1 2016, filed 16 May 2016.