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 |
Royal Caribbean
RCL
|
+$461M |
| 2 |
Vertiv
VRT
|
+$196M |
| 3 |
Restaurant Brands International
QSR
|
+$186M |
| 4 |
HDS
HD Supply Holdings, Inc.
HDS
|
+$179M |
| 5 |
US Foods
USFD
|
+$164M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Progressive
PGR
|
+$175M |
| 2 |
EA
Electronic Arts
EA
|
+$175M |
| 3 |
Alibaba
BABA
|
+$174M |
| 4 |
Take-Two Interactive
TTWO
|
+$153M |
| 5 |
Monster Beverage
MNST
|
+$144M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.85% |
| 2 | Technology | 14.51% |
| 3 | Materials | 13.3% |
| 4 | Communication Services | 9.54% |
| 5 | Financials | 9.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BECN
101
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $3.35M | 0.04% |
+202,522
| New | +$5.89M |
|
102
Bath & Body Works
BBWI
$3.92B
| – | – |
-7,208,141
| Closed | -$106M |
|
103
BJs Wholesale Club
BJ
$12.3B
| – | – |
-2,014,433
| Closed | -$45.8M |
|
104
CALL
Capri Holdings
CPRI
$1.55B
| – | – |
-548,200
| Closed | -$20.9M |
|
105
Domino's
DPZ
$11.3B
| – | – |
-417,877
| Closed | -$123M |
|
|
EA
106
DELISTED
Electronic Arts
EA
| – | – |
-1,626,957
| Closed | -$175M |
|
107
Equinix
EQIX
$105B
| – | – |
-151,182
| Closed | -$88.2M |
|
|
108
Monster Beverage
MNST
$93.6B
| – | – |
-9,081,500
| Closed | -$144M |
|
109
Netflix
NFLX
$331B
| – | – |
-678,310
| Closed | -$21.9M |
|
110
Envista
NVST
$4.37B
| – | – |
-3,036,849
| Closed | -$90M |
|
111
PG&E
PCG
$38.8B
| – | – |
-4,180,000
| Closed | -$45.4M |
|
|
112
Progressive
PGR
$127B
| – | – |
-2,420,808
| Closed | -$175M |
|
113
PayPal
PYPL
$52.7B
| – | – |
-1,287,707
| Closed | -$139M |
|
|
114
CALL
Royal Caribbean
RCL
$78.1B
| – | – |
-794,300
| Closed | -$106M |
|
|
115
Take-Two Interactive
TTWO
$44.8B
| – | – |
-1,249,441
| Closed | -$153M |
|
|
WW
116
DELISTED
WW International
WW
| – | – |
-3,007,544
| Closed | -$115M |
|
|
INXN
117
DELISTED
Interxion Holding N.V.
INXN
| – | – |
-908,992
| Closed | -$76.2M |
|
Similar funds
Ricky Sandler's Q1 2020 Portfolio in Review
As of Q1 2020, Ricky Sandler held 117 positions worth $9.14B, up 2.8% from $8.89B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Ricky Sandler deployed $4.84B of net new capital in Q1 2020, opening 59 new positions and adding to 26 existing holdings. Its largest new stake was Vertiv: 17,793,587 shares worth $154M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, up from 20% a quarter earlier, followed by Technology and Materials.
On the sell side, the largest reduction was Alibaba, an estimated $174M trimmed.
- Ricky Sandler's largest Q1 2020 buy was Vertiv: 17,793,587 shares worth $154M.
- Ricky Sandler added most to Royal Caribbean in Q1 2020, an estimated $461M increase.
- Ricky Sandler's biggest Q1 2020 reduction was Alibaba, cutting an estimated $174M.
- Ricky Sandler fully exited Progressive in Q1 2020, selling an estimated $175M.
- Ricky Sandler's ten largest holdings make up 31% of its $9.14B portfolio in Q1 2020.
- Ricky Sandler opened 59 new positions and closed 16 in Q1 2020.
- Ricky Sandler's portfolio value rose 2.8% quarter-over-quarter to $9.14B.
Based on Eminence Capital's 13F filing for Q1 2020, filed 15 May 2020.