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 |
BERY
Berry Global Group, Inc.
BERY
|
+$211M |
| 2 |
Lennar Class A
LEN
|
+$127M |
| 3 |
Gen Digital
GEN
|
+$122M |
| 4 |
Restaurant Brands International
QSR
|
+$94.2M |
| 5 |
Hilton Worldwide
HLT
|
+$94.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LQ
La Quinta Holdings Inc.
LQ
|
+$211M |
| 2 |
Papa John's
PZZA
|
+$157M |
| 3 |
NEWR
New Relic, Inc.
NEWR
|
+$127M |
| 4 |
Intercontinental Exchange
ICE
|
+$48.2M |
| 5 |
Wendy's
WEN
|
+$47.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.83% |
| 2 | Consumer Discretionary | 22.04% |
| 3 | Communication Services | 19.74% |
| 4 | Materials | 9.48% |
| 5 | Consumer Staples | 5.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Lennar Class A
LEN
$21B
| $655M | 8.93% |
12,894,169
+2,427,124
| +23% | +$127M |
|
2
Liberty Media Series C
FWONK
$26.3B
| $450M | 6.14% |
12,537,432
+1,295,556
| +12% | +$39.5M |
|
|
ELLI
3
DELISTED
Ellie Mae Inc
ELLI
| $342M | 4.66% |
3,289,339
+726,211
| +28% | +$73.7M |
|
4
Vulcan Materials
VMC
$35.8B
| $338M | 4.61% |
2,621,340
+341,054
| +15% | +$42.1M |
|
5
IQVIA
IQV
$42.8B
| $336M | 4.58% |
3,369,389
-152,842
| -4% | -$15.3M |
|
|
6
Intercontinental Exchange
ICE
$90.5B
| $336M | 4.58% |
4,566,228
-662,119
| -13% | -$48.2M |
|
7
US Foods
USFD
$23.7B
| $326M | 4.45% |
8,631,256
-771,821
| -8% | -$27.3M |
|
8
CALL
Kraft Heinz
KHC
$30.3B
| $315M | 4.29% |
5,014,500
+63,200
| +1% | +$3.75M |
|
9
MGM Resorts International
MGM
$11B
| $262M | 3.57% |
9,031,968
+2,099,306
| +30% | +$67.8M |
|
|
CSOD
10
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $231M | 3.14% |
4,860,401
-235,266
| -5% | -$11M |
|
11
Alphabet (Google) Class C
GOOG
$4.18T
| $204M | 2.78% |
3,659,500
+103,040
| +3% | +$5.57M |
|
|
BERY
12
DELISTED
Berry Global Group, Inc.
BERY
| $192M | 2.61% |
+4,540,158
| New | +$211M |
|
13
Autodesk
ADSK
$53.6B
| $168M | 2.29% |
1,280,413
-146,339
| -10% | -$19.4M |
|
14
CF Industries
CF
$19.6B
| $166M | 2.26% |
3,737,276
+812,267
| +28% | +$33.1M |
|
|
INXN
15
DELISTED
Interxion Holding N.V.
INXN
| $164M | 2.24% |
2,634,153
| – | – |
|
16
Microsoft
MSFT
$3.59T
| $162M | 2.21% |
1,644,961
-439,477
| -21% | -$42.6M |
|
17
Meta Platforms (Facebook)
META
$1.4T
| $160M | 2.18% |
821,966
-232,592
| -22% | -$42M |
|
|
AABA
18
DELISTED
Altaba Inc
AABA
| $157M | 2.14% |
2,142,591
+991,926
| +86% | +$74.3M |
|
19
Equifax
EFX
$22.6B
| $152M | 2.07% |
1,215,115
+230,228
| +23% | +$27.3M |
|
|
CYBR
20
DELISTED
CyberArk
CYBR
| $151M | 2.06% |
2,401,655
-591,145
| -20% | -$34.5M |
|
|
IMPV
21
DELISTED
Imperva, Inc.
IMPV
| $132M | 1.8% |
2,735,288
+18,293
| +0.7% | +$875K |
|
22
PTC
PTC
$16.8B
| $129M | 1.76% |
1,379,953
-120,985
| -8% | -$10.5M |
|
23
Asbury Automotive
ABG
$3.86B
| $129M | 1.76% |
1,879,711
+6,009
| +0.3% | +$421K |
|
24
Group 1 Automotive
GPI
$3.12B
| $123M | 1.67% |
1,947,488
+12,169
| +0.6% | +$829K |
|
|
EA
25
DELISTED
Electronic Arts
EA
| $122M | 1.66% |
863,298
+53,581
| +7% | +$6.96M |
|
Similar funds
Ricky Sandler's Q2 2018 Portfolio in Review
As of Q2 2018, Ricky Sandler held 51 positions worth $7.34B, up 9.3% from $6.71B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Ricky Sandler deployed $299M of net new capital in Q2 2018, opening 11 new positions and adding to 19 existing holdings. Its largest new stake was Berry Global Group, Inc.: 4,540,158 shares worth $192M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 22% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Intercontinental Exchange, an estimated $48.2M trimmed.
- Ricky Sandler's largest Q2 2018 buy was Berry Global Group, Inc.: 4,540,158 shares worth $192M.
- Ricky Sandler added most to Lennar Class A in Q2 2018, an estimated $127M increase.
- Ricky Sandler's biggest Q2 2018 reduction was Intercontinental Exchange, cutting an estimated $48.2M.
- Ricky Sandler fully exited La Quinta Holdings Inc. in Q2 2018, selling an estimated $211M.
- Ricky Sandler's ten largest holdings make up 49% of its $7.34B portfolio in Q2 2018.
- Ricky Sandler opened 11 new positions and closed 5 in Q2 2018.
- Ricky Sandler's portfolio value rose 9.3% quarter-over-quarter to $7.34B.
Based on Eminence Capital's 13F filing for Q2 2018, filed 14 Aug 2018.