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 |
Zurn Elkay Water Solutions
ZWS
|
+$143M |
| 2 |
IMPV
Imperva, Inc.
IMPV
|
+$75.8M |
| 3 |
Fidelity National Financial
FNF
|
+$62.1M |
| 4 |
TripAdvisor
TRIP
|
+$56.9M |
| 5 |
Constellation Brands
STZ
|
+$41.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Autodesk
ADSK
|
+$295M |
| 2 |
Humana
HUM
|
+$221M |
| 3 |
Genpact
G
|
+$126M |
| 4 |
AutoNation
AN
|
+$102M |
| 5 |
Fortinet
FTNT
|
+$94.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 30.46% |
| 2 | Technology | 27.75% |
| 3 | Communication Services | 12.49% |
| 4 | Financials | 12.41% |
| 5 | Consumer Staples | 5.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CSOD
26
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $91.2M | 1.63% |
2,345,736
-5,216
| -0.2% | -$215K |
|
27
Group 1 Automotive
GPI
$3.12B
| $90.9M | 1.63% |
1,226,902
-577,578
| -32% | -$45.2M |
|
28
Asbury Automotive
ABG
$3.86B
| $89.5M | 1.6% |
1,488,599
-363,127
| -20% | -$23.3M |
|
29
Trip.com Group
TCOM
$29B
| $87.8M | 1.57% |
1,786,674
-3,260
| -0.2% | -$149K |
|
|
FNFV
30
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $80M | 1.43% |
6,035,221
-83,584
| -1% | -$1.05M |
|
31
CF Industries
CF
$19.6B
| $78.4M | 1.4% |
2,671,992
-2,603,554
| -49% | -$84.9M |
|
|
WWE
32
DELISTED
World Wrestling Entertainment
WWE
| $76.8M | 1.38% |
3,456,659
-9,280
| -0.3% | -$190K |
|
33
S&P Global
SPGI
$127B
| $75.4M | 1.35% |
576,415
-1,051
| -0.2% | -$131K |
|
34
Morgan Stanley
MS
$336B
| $71M | 1.27% |
1,656,276
-1,249,218
| -43% | -$55.4M |
|
|
35
AutoNation
AN
$6.6B
| $54.9M | 0.98% |
1,298,268
-2,126,035
| -62% | -$102M |
|
|
BERY
36
DELISTED
Berry Global Group, Inc.
BERY
| $49.6M | 0.89% |
1,112,049
-2,031
| -0.2% | -$93.4K |
|
37
Coca-Cola Europacific Partners
CCEP
$47.7B
| $46.4M | 0.83% |
1,230,587
-1,207,782
| -50% | -$42.1M |
|
|
CYBR
38
DELISTED
CyberArk
CYBR
| $21.1M | 0.38% |
+415,460
| New | +$21.2M |
|
|
YHOO
39
DELISTED
Yahoo Inc
YHOO
| $16M | 0.29% |
345,283
-1,710,861
| -83% | -$76.4M |
|
40
CALL
Baidu
BIDU
$31.6B
| $13.5M | 0.24% |
78,000
| – | – |
|
|
JAX
41
DELISTED
J. Alexander's Holdings, Inc.
JAX
| $12.5M | 0.22% |
1,245,169
-2,272
| -0.2% | -$22.1K |
|
|
42
Fortinet
FTNT
$113B
| – | – |
-15,638,635
| Closed | -$94.2M |
|
|
43
Genpact
G
$6.24B
| – | – |
-5,179,454
| Closed | -$126M |
|
|
44
Humana
HUM
$45.5B
| – | – |
-1,083,630
| Closed | -$221M |
|
45
Take-Two Interactive
TTWO
$44.8B
| – | – |
-1,870,142
| Closed | -$92.2M |
|
46
Viasat
VSAT
$10.3B
| – | – |
-1,242,305
| Closed | -$82.3M |
|
|
MON
47
DELISTED
Monsanto Co
MON
| – | – |
-230,190
| Closed | -$24.2M |
|
|
CAA
48
DELISTED
CalAtlantic Group, Inc.
CAA
| – | – |
-1,366,497
| Closed | -$46.5M |
|
Similar funds
Ricky Sandler's Q1 2017 Portfolio in Review
As of Q1 2017, Ricky Sandler held 48 positions worth $5.58B, down 13% from $6.39B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Ricky Sandler withdrew a net $1.11B in Q1 2017, closing 7 positions and reducing 21 holdings. Its most notable exit was Humana, an estimated $221M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 30% of assets, up from 30% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Ricky Sandler opened a new position in CyberArk worth $21.1M.
- Ricky Sandler's largest Q1 2017 buy was CyberArk: 415,460 shares worth $21.1M.
- Ricky Sandler added most to Zurn Elkay Water Solutions in Q1 2017, an estimated $143M increase.
- Ricky Sandler's biggest Q1 2017 reduction was Autodesk, cutting an estimated $295M.
- Ricky Sandler fully exited Humana in Q1 2017, selling an estimated $221M.
- Ricky Sandler's ten largest holdings make up 48% of its $5.58B portfolio in Q1 2017.
- Ricky Sandler opened 1 new position and closed 7 in Q1 2017.
- Ricky Sandler's portfolio value fell 13% quarter-over-quarter to $5.58B.
Based on Eminence Capital's 13F filing for Q1 2017, filed 15 May 2017.