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 |
TripAdvisor
TRIP
|
+$192M |
| 2 |
AWAY
HOMEAWAY INC COM
AWAY
|
+$122M |
| 3 |
Capri Holdings
CPRI
|
+$91.9M |
| 4 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$89.3M |
| 5 |
PTC
PTC
|
+$64.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MDRX
Veradigm Inc. Common Stock
MDRX
|
+$138M |
| 2 |
Apple
AAPL
|
+$119M |
| 3 |
Sensata Technologies
ST
|
+$118M |
| 4 |
Herc Holdings
HRI
|
+$112M |
| 5 |
NOV
NOV
|
+$110M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 30.6% |
| 2 | Technology | 16.25% |
| 3 | Communication Services | 13.19% |
| 4 | Industrials | 13.13% |
| 5 | Financials | 7.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Ambarella
AMBA
$3.23B
| $37.9M | 0.59% |
+500,000
| New | +$30.3M |
|
|
ENDP
52
DELISTED
Endo International plc
ENDP
| $32.3M | 0.5% |
360,213
+150,776
| +72% | +$12.6M |
|
53
McDonald's
MCD
$192B
| $32.3M | 0.5% |
331,201
-893,237
| -73% | -$84.7M |
|
54
Graphic Packaging
GPK
$3.54B
| $27.8M | 0.43% |
1,911,976
+1,208,515
| +172% | +$17.7M |
|
|
SAFM
55
DELISTED
Sanderson Farms Inc
SAFM
| $26.2M | 0.41% |
329,000
-13,000
| -4% | -$1.05M |
|
56
Graham Holdings Company
GHC
$4.94B
| $26.1M | 0.4% |
+41,104
| New | +$24.3M |
|
57
GoPro
GPRO
$116M
| $18M | 0.28% |
414,600
+172,900
| +72% | +$8.15M |
|
|
58
NOV
NOV
$7.28B
| $10.9M | 0.17% |
218,181
-2,020,032
| -90% | -$110M |
|
|
INVN
59
DELISTED
Invensense Inc
INVN
| $8.37M | 0.13% |
550,000
| – | – |
|
|
60
Apple
AAPL
$4.51T
| – | – |
-4,311,400
| Closed | -$119M |
|
61
Franklin Templeton, Inc.
BEN
$17.4B
| – | – |
-1,589,014
| Closed | -$88M |
|
62
Bausch Health
BHC
$2.41B
| – | – |
-291,421
| Closed | -$41.7M |
|
63
Avis
CAR
$5.18B
| – | – |
-1,435,041
| Closed | -$95.2M |
|
64
Fortune Brands Innovations
FBIN
$5.32B
| – | – |
-2,113,811
| Closed | -$81.8M |
|
65
Fortinet
FTNT
$113B
| – | – |
-7,869,630
| Closed | -$48.3M |
|
|
66
Herc Holdings
HRI
$5.41B
| – | – |
-1,494,121
| Closed | -$112M |
|
67
Mondelez International
MDLZ
$82.3B
| – | – |
-531,256
| Closed | -$19.3M |
|
68
MGM Resorts International
MGM
$11B
| – | – |
-2,700,000
| Closed | -$57.7M |
|
69
Melco Resorts & Entertainment
MLCO
$2.09B
| – | – |
-1,969,256
| Closed | -$50M |
|
|
70
Sensata Technologies
ST
$6.23B
| – | – |
-2,254,705
| Closed | -$118M |
|
71
VirnetX Holding Corp
VHC
$53.1M
| – | – |
-12,486
| Closed | -$1.37M |
|
|
BERY
72
DELISTED
Berry Global Group, Inc.
BERY
| – | – |
-3,190,234
| Closed | -$92.4M |
|
|
MDRX
73
DELISTED
Veradigm Inc. Common Stock
MDRX
| – | – |
-10,789,707
| Closed | -$138M |
|
|
MNDT
74
DELISTED
Mandiant, Inc. Common Stock
MNDT
| – | – |
-1,506,496
| Closed | -$47.6M |
|
|
S
75
DELISTED
Sprint Corporation
S
| – | – |
-3,787,590
| Closed | -$15.7M |
|
Similar funds
Ricky Sandler's Q1 2015 Portfolio in Review
As of Q1 2015, Ricky Sandler held 78 positions worth $6.46B, down 6.2% from $6.88B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ricky Sandler withdrew a net $530M in Q1 2015, closing 19 positions and reducing 24 holdings. Its most notable exit was Veradigm Inc. Common Stock, an estimated $138M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, up from 28% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Ricky Sandler opened a new position in TripAdvisor worth $203M.
- Ricky Sandler's largest Q1 2015 buy was TripAdvisor: 2,445,007 shares worth $203M.
- Ricky Sandler added most to Alphabet (Google) Class C in Q1 2015, an estimated $56.3M increase.
- Ricky Sandler's biggest Q1 2015 reduction was NOV, cutting an estimated $110M.
- Ricky Sandler fully exited Veradigm Inc. Common Stock in Q1 2015, selling an estimated $138M.
- Ricky Sandler's ten largest holdings make up 32% of its $6.46B portfolio in Q1 2015.
- Ricky Sandler opened 10 new positions and closed 19 in Q1 2015.
- Ricky Sandler's portfolio value fell 6.2% quarter-over-quarter to $6.46B.
Based on Eminence Capital's 13F filing for Q1 2015, filed 15 May 2015.