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 |
Ferguson
FERG
|
+$123M |
| 2 |
JFrog
FROG
|
+$50M |
| 3 |
Spectrum Brands
SPB
|
+$45.7M |
| 4 |
Bausch + Lomb
BLCO
|
+$45.2M |
| 5 |
LPL Financial
LPLA
|
+$42.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SAIL
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
|
+$112M |
| 2 |
FTCH
Farfetch Limited Class A Ordinary Shares
FTCH
|
+$73.6M |
| 3 |
Workday
WDAY
|
+$61.2M |
| 4 |
Graphic Packaging
GPK
|
+$36.2M |
| 5 |
Under Armour
UAA
|
+$29M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.13% |
| 2 | Consumer Discretionary | 16.74% |
| 3 | Materials | 14.4% |
| 4 | Healthcare | 14.25% |
| 5 | Communication Services | 11.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CMAX
51
DELISTED
CareMax, Inc. Class A Common Stock
CMAX
| $31.4M | 0.62% |
288,329
+50,759
| +21% | +$8.7M |
|
52
AdvisorShares Pure US Cannabis ETF
MSOS
$996M
| $30.6M | 0.61% |
2,953,153
+206,270
| +8% | +$3.06M |
|
53
Mastercard
MA
$509B
| $21.1M | 0.42% |
66,992
-27,335
| -29% | -$9.41M |
|
|
54
Workday
WDAY
$49.4B
| $16M | 0.32% |
114,951
-336,826
| -75% | -$61.2M |
|
55
Match Group
MTCH
$9.38B
| $13.3M | 0.26% |
190,845
-7,880
| -4% | -$639K |
|
|
DOMA
56
DELISTED
Doma Holdings, Inc.
DOMA
| $12.6M | 0.25% |
489,665
-9,993
| -2% | -$425K |
|
|
FWAC
57
DELISTED
Fifth Wall Acquisition Corp. III Class A Ordinary Shares
FWAC
| $11.4M | 0.23% |
1,173,650
-88,273
| -7% | -$860K |
|
|
TCVA
58
DELISTED
TCV Acquisition Corp. Class A Ordinary Shares
TCVA
| $11M | 0.22% |
1,132,287
-85,164
| -7% | -$831K |
|
59
Atara Biotherapeutics
ATRA
$97.4M
| $10.3M | 0.2% |
52,923
-1,785
| -3% | -$291K |
|
60
Natera
NTRA
$47.9B
| $9.96M | 0.2% |
281,008
+112,949
| +67% | +$4.18M |
|
61
AdaptHealth
AHCO
$751M
| $8.07M | 0.16% |
447,616
+121,525
| +37% | +$1.97M |
|
62
Lennar Class B
LEN.B
$20.6B
| $7.53M | 0.15% |
134,930
-5,618
| -4% | -$341K |
|
63
iRhythm Holdings
IRTC
$4.24B
| $6.94M | 0.14% |
64,279
-37,605
| -37% | -$4.98M |
|
64
Perimeter Solutions
PRM
$5.15B
| $542K | 0.01% |
50,000
| – | – |
|
65
Azenta
AZTA
$1.64B
| – | – |
-221,560
| Closed | -$18.4M |
|
66
McKesson
MCK
$100B
| – | – |
-29,000
| Closed | -$8.88M |
|
|
MCW
67
DELISTED
Mister Car Wash
MCW
| – | – |
-1,162,686
| Closed | -$17.2M |
|
68
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| – | – |
-5,716,600
| Closed | -$2.58B |
|
69
Under Armour Class C
UA
$2.25B
| – | – |
-360,432
| Closed | -$5.61M |
|
|
70
Under Armour
UAA
$2.32B
| – | – |
-1,706,543
| Closed | -$29M |
|
|
FTCH
71
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| – | – |
-4,870,787
| Closed | -$73.6M |
|
|
SAIL
72
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| – | – |
-2,189,717
| Closed | -$112M |
|
Similar funds
Ricky Sandler's Q2 2022 Portfolio in Review
As of Q2 2022, Ricky Sandler held 72 positions worth $5.03B, down 43% from $8.82B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Ricky Sandler withdrew a net $2.56B in Q2 2022, closing 8 positions and reducing 30 holdings. Its most notable exit was SailPoint Technologies Holdings, Inc. Common Stock, an estimated $112M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Materials.
Against the trend, Ricky Sandler opened a new position in Ferguson worth $112M.
- Ricky Sandler's largest Q2 2022 buy was Ferguson: 1,012,126 shares worth $112M.
- Ricky Sandler added most to Spectrum Brands in Q2 2022, an estimated $45.7M increase.
- Ricky Sandler's biggest Q2 2022 reduction was Workday, cutting an estimated $61.2M.
- Ricky Sandler fully exited SailPoint Technologies Holdings, Inc. Common Stock in Q2 2022, selling an estimated $112M.
- Ricky Sandler's ten largest holdings make up 34% of its $5.03B portfolio in Q2 2022.
- Ricky Sandler opened 5 new positions and closed 8 in Q2 2022.
- Ricky Sandler's portfolio value fell 43% quarter-over-quarter to $5.03B.
Based on Eminence Capital's 13F filing for Q2 2022, filed 15 Aug 2022.