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 |
Charles River Laboratories
CRL
|
+$209M |
| 2 |
GitLab
GTLB
|
+$146M |
| 3 |
LPL Financial
LPLA
|
+$92.1M |
| 4 |
PRMW
Primo Water Corporation
PRMW
|
+$89.8M |
| 5 |
Atmus Filtration Technologies
ATMU
|
+$83.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CBRE Group
CBRE
|
+$75.4M |
| 2 |
Melco Resorts & Entertainment
MLCO
|
+$65.9M |
| 3 |
Progressive
PGR
|
+$63.6M |
| 4 |
Aon
AON
|
+$53.5M |
| 5 |
Louisiana-Pacific
LPX
|
+$51.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 25.38% |
| 2 | Technology | 20.81% |
| 3 | Materials | 11.7% |
| 4 | Communication Services | 11.31% |
| 5 | Financials | 7.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
AutoNation
AN
$6.6B
| – | – |
-159,338
| Closed | -$25.4M |
|
|
52
Aon
AON
$75.3B
| – | – |
-182,145
| Closed | -$53.5M |
|
|
AVB
53
DELISTED
AvalonBay Communities
AVB
| – | – |
-141,073
| Closed | -$29.2M |
|
54
GoDaddy
GDDY
$12.3B
| – | – |
-221,832
| Closed | -$31M |
|
55
Haleon
HLN
$44B
| – | – |
-353,717
| Closed | -$2.92M |
|
56
Prologis
PLD
$135B
| – | – |
-226,672
| Closed | -$25.5M |
|
57
Roblox
RBLX
$27.4B
| – | – |
-1,361,237
| Closed | -$50.7M |
|
58
Sherwin-Williams
SHW
$84.1B
| – | – |
-131,900
| Closed | -$39.4M |
|
59
Teva Pharmaceuticals
TEVA
$43.5B
| – | – |
-1,000,000
| Closed | -$16.3M |
|
60
UnitedHealth
UNH
$350B
| – | – |
-52,344
| Closed | -$26.7M |
|
61
US Foods
USFD
$23.7B
| – | – |
-117,202
| Closed | -$6.21M |
|
62
WIX.com
WIX
$3.43B
| – | – |
-244,424
| Closed | -$38.9M |
|
|
DOMA
63
DELISTED
Doma Holdings, Inc.
DOMA
| – | – |
-489,664
| Closed | -$2.97M |
|
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Ricky Sandler's Q3 2024 Portfolio in Review
As of Q3 2024, Ricky Sandler held 63 positions worth $7.1B, up 14% from $6.2B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Ricky Sandler deployed $358M of net new capital in Q3 2024, opening 7 new positions and adding to 19 existing holdings. Its largest new stake was Charles River Laboratories: 1,003,472 shares worth $198M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, down from 26% a quarter earlier, followed by Technology and Materials.
On the sell side, the largest reduction was CBRE Group, an estimated $75.4M trimmed.
- Ricky Sandler's largest Q3 2024 buy was Charles River Laboratories: 1,003,472 shares worth $198M.
- Ricky Sandler added most to LPL Financial in Q3 2024, an estimated $92.1M increase.
- Ricky Sandler's biggest Q3 2024 reduction was CBRE Group, cutting an estimated $75.4M.
- Ricky Sandler fully exited Aon in Q3 2024, selling an estimated $53.5M.
- Ricky Sandler's ten largest holdings make up 38% of its $7.1B portfolio in Q3 2024.
- Ricky Sandler opened 7 new positions and closed 13 in Q3 2024.
- Ricky Sandler's portfolio value rose 14% quarter-over-quarter to $7.1B.
Based on Eminence Capital's 13F filing for Q3 2024, filed 14 Nov 2024.