We are live on ! Find out more
RS

Ricky Sandler Eminence Capital

AUM $4.36B
1-Year Est. Return 3.1%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-3.28%
1 Year Est. Return
-3.1%
3 Year Est. Return
+37.18%
5 Year Est. Return
+35.48%
10 Year Est. Return
+262.43%
AUM
$5.06B
AUM Growth
-$2.56B
Cap. Flow
-$2.32B
Cap. Flow %
-45.87%
Top 10 Hldgs %
32.91%
Holding
70
New
7
Increased
24
Reduced
30
Closed
8

Top Buys

Rank Stock Value
1
MASI
Masimo
MASI
+$121M
2
PLAY icon
Dave & Buster's
PLAY
+$114M
3
TNDM icon
Tandem Diabetes Care
TNDM
+$65.2M
4
CBRE icon
CBRE Group
CBRE
+$51.1M
5
SMAR
Smartsheet Inc.
SMAR
+$50.3M

Top Sells

Rank Stock Value
1
NEWR
New Relic, Inc.
NEWR
+$249M
2
NVST icon
Envista
NVST
+$118M
3
BIO icon
Bio-Rad Laboratories Class A
BIO
+$85.6M
4
SPB icon
Spectrum Brands
SPB
+$74.8M
5
FROG icon
JFrog
FROG
+$62.2M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 21.64%
2 Technology 16.49%
3 Financials 15.56%
4 Communication Services 12.51%
5 Materials 12.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WIX icon
51
WIX.com
WIX
$3.43B
$22.4M 0.44%
243,769
-7,035
-3% -$629K
AN icon
52
AutoNation
AN
$6.6B
$21.5M 0.43%
142,074
-34,951
-20% -$5.58M
CMAX
53
DELISTED
CareMax, Inc. Class A Common Stock
CMAX
$21M 0.41%
329,504
+33,501
+11% +$2.35M
SPB icon
54
Spectrum Brands
SPB
$2B
$20.5M 0.4%
261,118
-948,421
-78% -$74.8M
GDDY icon
55
GoDaddy
GDDY
$12.3B
$16.5M 0.33%
221,218
-551,443
-71% -$40.7M
AXP icon
56
American Express
AXP
$227B
$14.2M 0.28%
95,241
-2,751
-3% -$450K
MTCH icon
57
Match Group
MTCH
$9.38B
$9.59M 0.19%
244,768
-7,065
-3% -$313K
KDP icon
58
Keurig Dr Pepper
KDP
$43.6B
$8.32M 0.16%
263,481
-820,716
-76% -$27.1M
BABA icon
59
CALL
Alibaba
BABA
$286B
$5.48M 0.11%
+63,200
New +$5.79M
PLNT icon
60
Planet Fitness
PLNT
$4.09B
$4.85M 0.1%
+98,708
New +$5.97M
MLCO icon
61
CALL
Melco Resorts & Entertainment
MLCO
$2.09B
$3.36M 0.07%
+339,700
New +$3.94M
DOMA
62
DELISTED
Doma Holdings, Inc.
DOMA
$2.49M 0.05%
489,664
– –
BAX icon
63
Baxter International
BAX
$13.6B
– –
-596,869
Closed -$27.2M
BIO icon
64
Bio-Rad Laboratories Class A
BIO
$10.2B
– –
-225,881
Closed -$85.6M
LEN.B icon
65
Lennar Class B
LEN.B
$20.6B
– –
-125,248
Closed -$13.5M
NTRA icon
66
Natera
NTRA
$47.9B
– –
-424,451
Closed -$20.7M
NVST icon
67
Envista
NVST
$4.37B
– –
-3,494,982
Closed -$118M
QQQ icon
68
PUT
Invesco QQQ Trust
QQQ
$486B
– –
-5,560,000
Closed -$2.05B
UHS icon
69
Universal Health Services
UHS
$10.4B
– –
-97,936
Closed -$15.5M
NEWR
70
DELISTED
New Relic, Inc.
NEWR
– –
-3,807,116
Closed -$249M
1 2
3

Similar funds

JSW
Journey Strategic Wealth Summit, New Jersey $4.03B AUM 33.12% 1-Year Est. Return
USCWA
U.S. Capital Wealth Advisors Austin, Texas $3.98B AUM 22.36% 1-Year Est. Return
AS
American Securities New York $3.93B AUM 52.22% 1-Year Est. Return
MCCA
Mill Creek Capital Advisors Conshohocken, Pennsylvania $4.87B AUM 17.69% 1-Year Est. Return
EPIM
Evelyn Partners Investment Management London $3.68B AUM 21.15% 1-Year Est. Return
RBA
Richard Bernstein Advisors New York $3.45B AUM 16.24% 1-Year Est. Return
EWA
Exencial Wealth Advisors Oklahoma City, Oklahoma $3.22B AUM 20.17% 1-Year Est. Return
BIG
Brooklyn Investment Group Brooklyn, New York $3.2B AUM 26.32% 1-Year Est. Return

Ricky Sandler's Q3 2023 Portfolio in Review

As of Q3 2023, Ricky Sandler held 70 positions worth $5.06B, down 34% from $7.62B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Ricky Sandler withdrew a net $2.32B in Q3 2023, closing 8 positions and reducing 30 holdings. Its most notable exit was New Relic, Inc., an estimated $249M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 22% of assets, up from 15% a quarter earlier, followed by Technology and Financials.

Against the trend, Ricky Sandler opened a new position in Masimo worth $90.9M.

  • Ricky Sandler's largest Q3 2023 buy was Masimo: 1,036,253 shares worth $90.9M.
  • Ricky Sandler added most to Dave & Buster's in Q3 2023, an estimated $114M increase.
  • Ricky Sandler's biggest Q3 2023 reduction was Spectrum Brands, cutting an estimated $74.8M.
  • Ricky Sandler fully exited New Relic, Inc. in Q3 2023, selling an estimated $249M.
  • Ricky Sandler's ten largest holdings make up 33% of its $5.06B portfolio in Q3 2023.
  • Ricky Sandler opened 7 new positions and closed 8 in Q3 2023.
  • Ricky Sandler's portfolio value fell 34% quarter-over-quarter to $5.06B.

Based on Eminence Capital's 13F filing for Q3 2023, filed 14 Nov 2023.