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 |
FISV
Fiserv Inc
FISV
|
+$159M |
| 2 |
DFS
Discover Financial Services
DFS
|
+$93.9M |
| 3 |
Capital One
COF
|
+$86.4M |
| 4 |
Elevance Health
ELV
|
+$84.8M |
| 5 |
Welltower
WELL
|
+$80M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BERY
Berry Global Group, Inc.
BERY
|
+$125M |
| 2 |
Pinterest
PINS
|
+$117M |
| 3 |
Citizens Financial Group
CFG
|
+$114M |
| 4 |
GoDaddy
GDDY
|
+$99.7M |
| 5 |
Vertiv
VRT
|
+$95.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.01% |
| 2 | Consumer Discretionary | 15.23% |
| 3 | Materials | 11.68% |
| 4 | Healthcare | 7.79% |
| 5 | Financials | 7.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Lennar Class B
LEN.B
$20.6B
| $9.33M | 0.09% |
149,458
-6,459
| -4% | -$349K |
|
|
VAPO
77
DELISTED
Vapotherm, Inc. Common Stock
VAPO
| $7.16M | 0.07% |
+30,855
| New | +$8.89M |
|
78
Axalta
AXTA
$7.75B
| – | – |
-2,389,784
| Closed | -$53.9M |
|
|
79
Citizens Financial Group
CFG
$29.4B
| – | – |
-4,536,320
| Closed | -$114M |
|
80
Charles River Laboratories
CRL
$14.1B
| – | – |
-126,539
| Closed | -$22.1M |
|
81
Fidelity National Information Services
FIS
$21.3B
| – | – |
-407,524
| Closed | -$54.6M |
|
|
82
GoDaddy
GDDY
$12.3B
| – | – |
-1,360,280
| Closed | -$99.7M |
|
83
CALL
SPDR Gold Trust
GLD
$152B
| – | – |
-6,342,800
| Closed | -$1.06B |
|
84
ICU Medical
ICUI
$4.57B
| – | – |
-83,220
| Closed | -$15.3M |
|
85
Inspire Medical Systems
INSP
$1.8B
| – | – |
-422,381
| Closed | -$36.8M |
|
86
Mastercard
MA
$509B
| – | – |
-169,093
| Closed | -$50M |
|
87
McKesson
MCK
$100B
| – | – |
-153,670
| Closed | -$23.6M |
|
88
Planet Fitness
PLNT
$4.09B
| – | – |
-489,285
| Closed | -$29.6M |
|
89
Royal Caribbean
RCL
$78.1B
| – | – |
-1,034,585
| Closed | -$52M |
|
90
Spotify
SPOT
$110B
| – | – |
-357,386
| Closed | -$92.3M |
|
91
Tapestry
TPR
$26B
| – | – |
-1,270,000
| Closed | -$16.9M |
|
Similar funds
Ricky Sandler's Q3 2020 Portfolio in Review
As of Q3 2020, Ricky Sandler held 91 positions worth $10.2B, up 1.2% from $10.1B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Ricky Sandler withdrew a net $789M in Q3 2020, closing 14 positions and reducing 37 holdings. Its most notable exit was Citizens Financial Group, an estimated $114M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% a quarter earlier, followed by Consumer Discretionary and Materials.
Against the trend, Ricky Sandler opened a new position in Fiserv Inc worth $164M.
- Ricky Sandler's largest Q3 2020 buy was Fiserv Inc: 1,594,635 shares worth $164M.
- Ricky Sandler added most to Elevance Health in Q3 2020, an estimated $84.8M increase.
- Ricky Sandler's biggest Q3 2020 reduction was Berry Global Group, Inc., cutting an estimated $125M.
- Ricky Sandler fully exited Citizens Financial Group in Q3 2020, selling an estimated $114M.
- Ricky Sandler's ten largest holdings make up 48% of its $10.2B portfolio in Q3 2020.
- Ricky Sandler opened 18 new positions and closed 14 in Q3 2020.
- Ricky Sandler's portfolio value rose 1.2% quarter-over-quarter to $10.2B.
Based on Eminence Capital's 13F filing for Q3 2020, filed 16 Nov 2020.