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 |
EA
Electronic Arts
EA
|
+$176M |
| 2 |
Peloton Interactive
PTON
|
+$161M |
| 3 |
Zillow
Z
|
+$153M |
| 4 |
Centene
CNC
|
+$135M |
| 5 |
Pinterest
PINS
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
P
Everpure Inc
P
|
+$166M |
| 2 |
Intuit
INTU
|
+$125M |
| 3 |
BERY
Berry Global Group, Inc.
BERY
|
+$101M |
| 4 |
Labcorp
LH
|
+$100M |
| 5 |
Advance Auto Parts
AAP
|
+$99.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.69% |
| 2 | Consumer Discretionary | 13.38% |
| 3 | Materials | 9% |
| 4 | Communication Services | 8.74% |
| 5 | Healthcare | 8.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $2.82B | 26.8% |
+5,933,700
| New | +$2.72B |
|
|
NEWR
2
DELISTED
New Relic, Inc.
NEWR
| $516M | 4.91% |
4,696,452
+43,864
| +0.9% | +$4.23M |
|
3
Ashland
ASH
$3.33B
| $434M | 4.13% |
4,035,178
| – | – |
|
4
WillScot Mobile Mini Holdings
WSC
$4.01B
| $263M | 2.5% |
6,427,885
-2,112,488
| -25% | -$78M |
|
|
5
Zillow
Z
$8.07B
| $260M | 2.48% |
4,078,190
+2,121,494
| +108% | +$153M |
|
6
Salesforce
CRM
$171B
| $210M | 1.99% |
824,692
-100,659
| -11% | -$28.3M |
|
|
BERY
7
DELISTED
Berry Global Group, Inc.
BERY
| $200M | 1.9% |
2,947,359
-1,633,746
| -36% | -$101M |
|
8
Red Rock Resorts
RRR
$3.61B
| $198M | 1.88% |
3,598,457
-727,613
| -17% | -$37.8M |
|
9
Liberty Media Series C
FWONK
$26.3B
| $187M | 1.78% |
3,053,468
-490,192
| -14% | -$27.5M |
|
10
Uber
UBER
$161B
| $186M | 1.77% |
4,438,659
-5,092
| -0.1% | -$220K |
|
11
Expedia Group
EXPE
$38.6B
| $186M | 1.77% |
1,028,166
-182,240
| -15% | -$31M |
|
|
EXAS
12
DELISTED
Exact Sciences
EXAS
| $175M | 1.66% |
2,248,025
+833,812
| +59% | +$73.6M |
|
|
EA
13
DELISTED
Electronic Arts
EA
| $173M | 1.64% |
+1,309,794
| New | +$176M |
|
|
ETWO
14
DELISTED
E2open Parent Holdings
ETWO
| $168M | 1.6% |
14,920,016
-1,254,906
| -8% | -$14.8M |
|
15
Enovis
ENOV
$1.5B
| $162M | 1.54% |
2,043,136
-105,611
| -5% | -$8.83M |
|
16
Corteva
CTVA
$54.6B
| $161M | 1.53% |
3,409,549
-1,003,371
| -23% | -$45.7M |
|
|
PLAN
17
DELISTED
Anaplan, Inc.
PLAN
| $160M | 1.52% |
3,492,625
+795,022
| +29% | +$43.8M |
|
18
LivaNova
LIVN
$4.34B
| $160M | 1.52% |
1,825,677
+74,658
| +4% | +$6.23M |
|
|
19
Centene
CNC
$32.1B
| $151M | 1.44% |
+1,838,384
| New | +$135M |
|
20
GoDaddy
GDDY
$12.3B
| $151M | 1.44% |
1,781,877
+360,527
| +25% | +$25.8M |
|
21
Alphabet (Google) Class C
GOOG
$4.18T
| $148M | 1.41% |
1,026,200
-295,140
| -22% | -$42.7M |
|
22
Morgan Stanley
MS
$336B
| $141M | 1.34% |
1,438,457
+418,375
| +41% | +$41.7M |
|
|
DNB
23
DELISTED
Dun & Bradstreet
DNB
| $136M | 1.29% |
6,640,090
+1,235,200
| +23% | +$23.5M |
|
24
Performance Food Group
PFGC
$16.5B
| $134M | 1.27% |
2,911,794
+374,958
| +15% | +$17M |
|
25
Pegasystems
PEGA
$5.52B
| $128M | 1.22% |
2,296,656
+49,220
| +2% | +$2.91M |
|
Similar funds
Ricky Sandler's Q4 2021 Portfolio in Review
As of Q4 2021, Ricky Sandler held 81 positions worth $10.5B, up 42% from $7.41B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Ricky Sandler deployed $2.63B of net new capital in Q4 2021, opening 18 new positions and adding to 16 existing holdings. Its largest new stake was Electronic Arts: 1,309,794 shares worth $173M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 31% a quarter earlier, followed by Consumer Discretionary and Materials.
On the sell side, the largest reduction was Everpure Inc, an estimated $166M trimmed.
- Ricky Sandler's largest Q4 2021 buy was Electronic Arts: 1,309,794 shares worth $173M.
- Ricky Sandler added most to Zillow in Q4 2021, an estimated $153M increase.
- Ricky Sandler's biggest Q4 2021 reduction was Everpure Inc, cutting an estimated $166M.
- Ricky Sandler fully exited Intuit in Q4 2021, selling an estimated $125M.
- Ricky Sandler's ten largest holdings make up 50% of its $10.5B portfolio in Q4 2021.
- Ricky Sandler opened 18 new positions and closed 13 in Q4 2021.
- Ricky Sandler's portfolio value rose 42% quarter-over-quarter to $10.5B.
Based on Eminence Capital's 13F filing for Q4 2021, filed 14 Feb 2022.