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 |
PRMB
Primo Brands
PRMB
|
+$140M |
| 2 |
Elevance Health
ELV
|
+$136M |
| 3 |
GE HealthCare
GEHC
|
+$112M |
| 4 |
Ferguson
FERG
|
+$95.7M |
| 5 |
McGrath RentCorp
MGRC
|
+$86.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SMAR
Smartsheet Inc.
SMAR
|
+$234M |
| 2 |
LPL Financial
LPLA
|
+$154M |
| 3 |
CBRE Group
CBRE
|
+$103M |
| 4 |
PRMW
Primo Water Corporation
PRMW
|
+$101M |
| 5 |
monday.com
MNDY
|
+$84M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 33.73% |
| 2 | Technology | 18.46% |
| 3 | Communication Services | 10.34% |
| 4 | Materials | 10.28% |
| 5 | Industrials | 6.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Wynn Resorts
WYNN
$10.3B
| $13.6M | 0.21% |
+157,320
| New | +$14.9M |
|
52
AdvisorShares Pure US Cannabis ETF
MSOS
$996M
| $7.88M | 0.12% |
2,067,659
-2,451,704
| -54% | -$13.2M |
|
|
53
CBRE Group
CBRE
$44B
| – | – |
-826,818
| Closed | -$103M |
|
54
Canadian Pacific Kansas City
CP
$85B
| – | – |
-302,694
| Closed | -$25.9M |
|
55
Group 1 Automotive
GPI
$3.12B
| – | – |
-134,726
| Closed | -$51.6M |
|
|
56
monday.com
MNDY
$3.84B
| – | – |
-302,245
| Closed | -$84M |
|
57
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| – | – |
-890,000
| Closed | -$511M |
|
58
TKO Group
TKO
$14.1B
| – | – |
-246,865
| Closed | -$30.5M |
|
|
SMAR
59
DELISTED
Smartsheet Inc.
SMAR
| – | – |
-4,230,094
| Closed | -$234M |
|
|
PRMW
60
DELISTED
Primo Water Corporation
PRMW
| – | – |
-4,019,624
| Closed | -$101M |
|
|
CMAX
61
DELISTED
CareMax, Inc. Class A Common Stock
CMAX
| – | – |
-335,704
| Closed | -$571K |
|
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Ricky Sandler's Q4 2024 Portfolio in Review
As of Q4 2024, Ricky Sandler held 61 positions worth $6.54B, down 7.9% from $7.1B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Ricky Sandler withdrew a net $468M in Q4 2024, closing 9 positions and reducing 17 holdings. Its most notable exit was Smartsheet Inc., an estimated $234M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 34% of assets, up from 25% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Ricky Sandler opened a new position in Primo Brands worth $146M.
- Ricky Sandler's largest Q4 2024 buy was Primo Brands: 4,734,163 shares worth $146M.
- Ricky Sandler added most to Elevance Health in Q4 2024, an estimated $136M increase.
- Ricky Sandler's biggest Q4 2024 reduction was LPL Financial, cutting an estimated $154M.
- Ricky Sandler fully exited Smartsheet Inc. in Q4 2024, selling an estimated $234M.
- Ricky Sandler's ten largest holdings make up 34% of its $6.54B portfolio in Q4 2024.
- Ricky Sandler opened 11 new positions and closed 9 in Q4 2024.
- Ricky Sandler's portfolio value fell 7.9% quarter-over-quarter to $6.54B.
Based on Eminence Capital's 13F filing for Q4 2024, filed 14 Feb 2025.