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 |
Autodesk
ADSK
|
+$374M |
| 2 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$199M |
| 3 |
LQ
La Quinta Holdings Inc.
LQ
|
+$168M |
| 4 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$167M |
| 5 |
Asbury Automotive
ABG
|
+$95.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Capri Holdings
CPRI
|
+$176M |
| 2 |
Copart
CPRT
|
+$153M |
| 3 |
American International
AIG
|
+$128M |
| 4 |
AWAY
HOMEAWAY INC COM
AWAY
|
+$107M |
| 5 |
Trip.com Group
TCOM
|
+$72.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 22.68% |
| 2 | Technology | 21.84% |
| 3 | Communication Services | 14.74% |
| 4 | Financials | 6.79% |
| 5 | Real Estate | 4.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Ambarella
AMBA
$3.23B
| $23.4M | 0.29% |
420,500
-79,500
| -16% | -$4.48M |
|
|
BERY
52
DELISTED
Berry Global Group, Inc.
BERY
| $19.4M | 0.24% |
+584,164
| New | +$18.5M |
|
53
TIM SA
TIMB
$8.52B
| $17M | 0.21% |
2,001,950
+29,387
| +1% | +$294K |
|
|
JAX
54
DELISTED
J. Alexander's Holdings, Inc.
JAX
| $13.8M | 0.17% |
1,260,728
+18,511
| +1% | +$194K |
|
|
LGF
55
DELISTED
Lions Gate Entertainment
LGF
| $10.5M | 0.13% |
323,873
+175,226
| +118% | +$6.45M |
|
|
56
Copart
CPRT
$31.3B
| $4.86M | 0.06% |
1,023,744
-33,146,336
| -97% | -$153M |
|
|
57
American International
AIG
$39.8B
| – | – |
-2,105,553
| Closed | -$128M |
|
|
58
Capri Holdings
CPRI
$1.55B
| – | – |
-4,175,276
| Closed | -$176M |
|
59
Graphic Packaging
GPK
$3.54B
| – | – |
-1,563,363
| Closed | -$20M |
|
60
McDonald's
MCD
$192B
| – | – |
-295,621
| Closed | -$29.1M |
|
|
61
Trip.com Group
TCOM
$29B
| – | – |
-2,300,112
| Closed | -$72.7M |
|
62
Corpay
CPAY
$27.4B
| – | – |
-200,163
| Closed | -$27.5M |
|
|
CSOD
63
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| – | – |
-1,992,369
| Closed | -$65.7M |
|
|
AGN
64
DELISTED
Allergan plc
AGN
| – | – |
-102,071
| Closed | -$27.7M |
|
|
AWAY
65
DELISTED
HOMEAWAY INC COM
AWAY
| – | – |
-4,023,870
| Closed | -$107M |
|
Similar funds
Ricky Sandler's Q4 2015 Portfolio in Review
As of Q4 2015, Ricky Sandler held 65 positions worth $8.04B, up 24% from $6.51B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Ricky Sandler deployed $845M of net new capital in Q4 2015, opening 6 new positions and adding to 29 existing holdings. Its largest new stake was La Quinta Holdings Inc.: 10,963,697 shares worth $149M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 23% of assets, down from 26% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Copart, an estimated $153M trimmed.
- Ricky Sandler's largest Q4 2015 buy was La Quinta Holdings Inc.: 10,963,697 shares worth $149M.
- Ricky Sandler added most to Autodesk in Q4 2015, an estimated $374M increase.
- Ricky Sandler's biggest Q4 2015 reduction was Copart, cutting an estimated $153M.
- Ricky Sandler fully exited Capri Holdings in Q4 2015, selling an estimated $176M.
- Ricky Sandler's ten largest holdings make up 44% of its $8.04B portfolio in Q4 2015.
- Ricky Sandler opened 6 new positions and closed 9 in Q4 2015.
- Ricky Sandler's portfolio value rose 24% quarter-over-quarter to $8.04B.
Based on Eminence Capital's 13F filing for Q4 2015, filed 16 Feb 2016.