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 |
Advanced Micro Devices
AMD
|
+$83.9M |
| 2 |
Corteva
CTVA
|
+$76.4M |
| 3 |
Sea Limited
SE
|
+$61.1M |
| 4 |
SentinelOne
S
|
+$49.8M |
| 5 |
Sensata Technologies
ST
|
+$43M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bausch + Lomb
BLCO
|
+$102M |
| 2 |
MASI
Masimo
MASI
|
+$90.9M |
| 3 |
XPO
XPO
|
+$88.9M |
| 4 |
Uber
UBER
|
+$88.2M |
| 5 |
KKR & Co
KKR
|
+$86.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.42% |
| 2 | Technology | 15.74% |
| 3 | Materials | 10.77% |
| 4 | Communication Services | 10.45% |
| 5 | Financials | 8.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Advanced Micro Devices
AMD
$773B
| $105M | 1.58% |
+711,486
| New | +$83.9M |
|
27
Melco Resorts & Entertainment
MLCO
$2.09B
| $103M | 1.54% |
11,559,041
+2,588,599
| +29% | +$21.1M |
|
28
Manchester United
MANU
$4.1B
| $99.3M | 1.49% |
4,870,944
+627,283
| +15% | +$11.9M |
|
29
Crown Holdings
CCK
$13B
| $92.7M | 1.39% |
1,006,559
+48,321
| +5% | +$4.1M |
|
30
Lennar Class A
LEN
$21B
| $91.3M | 1.37% |
632,504
-197,221
| -24% | -$23.8M |
|
31
CBRE Group
CBRE
$44B
| $90.6M | 1.36% |
973,048
+357,104
| +58% | +$27.8M |
|
32
Zillow
Z
$8.07B
| $90.1M | 1.35% |
1,556,692
-1,528,576
| -50% | -$67.4M |
|
|
SGI
33
Somnigroup International
SGI
$13.6B
| $88.7M | 1.33% |
1,739,290
-794,695
| -31% | -$33.7M |
|
34
Ferguson
FERG
$46.9B
| $86.9M | 1.3% |
449,956
-72,124
| -14% | -$12.2M |
|
35
Signet Jewelers
SIG
$3.16B
| $81.5M | 1.22% |
759,439
+189,019
| +33% | +$15.5M |
|
36
Intuit
INTU
$100B
| $78.3M | 1.18% |
125,290
-38,047
| -23% | -$21M |
|
37
Elevance Health
ELV
$86.9B
| $78.2M | 1.18% |
165,901
+89
| +0.1% | +$41.2K |
|
|
38
KKR & Co
KKR
$97.4B
| $73.9M | 1.11% |
891,916
-1,278,758
| -59% | -$86.6M |
|
39
Asbury Automotive
ABG
$3.86B
| $73.8M | 1.11% |
328,093
+70,089
| +27% | +$14.8M |
|
40
Progressive
PGR
$127B
| $70.1M | 1.05% |
439,848
-218,279
| -33% | -$34.2M |
|
|
41
Sea Limited
SE
$72B
| $60.7M | 0.91% |
+1,499,112
| New | +$61.1M |
|
42
Group 1 Automotive
GPI
$3.12B
| $50.2M | 0.75% |
164,681
-43,254
| -21% | -$11.8M |
|
43
Sherwin-Williams
SHW
$84.1B
| $49M | 0.74% |
157,237
-73,732
| -32% | -$19.8M |
|
|
44
Sensata Technologies
ST
$6.23B
| $46.8M | 0.7% |
+1,245,512
| New | +$43M |
|
45
AdvisorShares Pure US Cannabis ETF
MSOS
$996M
| $45.5M | 0.68% |
6,496,078
+493,042
| +8% | +$3.28M |
|
46
AutoNation
AN
$6.6B
| $39.3M | 0.59% |
261,940
+119,866
| +84% | +$16.5M |
|
|
BERY
47
DELISTED
Berry Global Group, Inc.
BERY
| $37.9M | 0.57% |
612,186
+63,533
| +12% | +$3.58M |
|
48
Camping World
CWH
$676M
| $37.5M | 0.56% |
+1,426,143
| New | +$29.9M |
|
49
WIX.com
WIX
$3.43B
| $30M | 0.45% |
243,893
+124
| +0.1% | +$12K |
|
50
Haleon
HLN
$44B
| $27.7M | 0.42% |
3,361,102
-2,804
| -0.1% | -$23.1K |
|
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Ricky Sandler's Q4 2023 Portfolio in Review
As of Q4 2023, Ricky Sandler held 74 positions worth $6.66B, up 32% from $5.06B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Ricky Sandler deployed $771M of net new capital in Q4 2023, opening 12 new positions and adding to 26 existing holdings. Its largest new stake was Advanced Micro Devices: 711,486 shares worth $105M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, down from 22% a quarter earlier, followed by Technology and Materials.
On the sell side, the largest reduction was Uber, an estimated $88.2M trimmed.
- Ricky Sandler's largest Q4 2023 buy was Advanced Micro Devices: 711,486 shares worth $105M.
- Ricky Sandler added most to Corteva in Q4 2023, an estimated $76.4M increase.
- Ricky Sandler's biggest Q4 2023 reduction was Uber, cutting an estimated $88.2M.
- Ricky Sandler fully exited Bausch + Lomb in Q4 2023, selling an estimated $102M.
- Ricky Sandler's ten largest holdings make up 41% of its $6.66B portfolio in Q4 2023.
- Ricky Sandler opened 12 new positions and closed 13 in Q4 2023.
- Ricky Sandler's portfolio value rose 32% quarter-over-quarter to $6.66B.
Based on Eminence Capital's 13F filing for Q4 2023, filed 14 Feb 2024.