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 |
SCHW
Charles Schwab
SCHW
|
+$148M |
| 2 |
KKR & Co
KKR
|
+$141M |
| 3 |
Sherwin-Williams
SHW
|
+$90.2M |
| 4 |
Envista
NVST
|
+$89.8M |
| 5 |
Fomento Económico Mexicano
FMX
|
+$88M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CTLT
CATALENT, INC.
CTLT
|
+$115M |
| 2 |
NEWR
New Relic, Inc.
NEWR
|
+$108M |
| 3 |
LivaNova
LIVN
|
+$96.5M |
| 4 |
Nice
NICE
|
+$93.3M |
| 5 |
Meta Platforms (Facebook)
META
|
+$88.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.59% |
| 2 | Consumer Discretionary | 16.23% |
| 3 | Materials | 12.53% |
| 4 | Financials | 9.48% |
| 5 | Healthcare | 9.39% |
| 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
| $1.11B | 15.82% |
+2,720,000
| New | +$1.09B |
|
2
Ashland
ASH
$3.33B
| $403M | 5.73% |
3,927,521
-156,457
| -4% | -$16.2M |
|
|
NEWR
3
DELISTED
New Relic, Inc.
NEWR
| $265M | 3.76% |
3,517,407
-1,600,779
| -31% | -$108M |
|
4
Uber
UBER
$161B
| $206M | 2.93% |
6,509,206
+151,893
| +2% | +$4.82M |
|
5
Salesforce
CRM
$171B
| $176M | 2.51% |
883,155
-230,832
| -21% | -$39M |
|
6
Amazon
AMZN
$2.79T
| $168M | 2.39% |
1,628,382
+312,614
| +24% | +$30.2M |
|
7
Liberty Media Series C
FWONK
$26.3B
| $162M | 2.3% |
2,241,830
+21,524
| +1% | +$1.46M |
|
8
Pinterest
PINS
$13.3B
| $153M | 2.17% |
5,592,266
+1,207,449
| +28% | +$31.3M |
|
|
BERY
9
DELISTED
Berry Global Group, Inc.
BERY
| $149M | 2.11% |
2,750,266
+171,154
| +7% | +$9.48M |
|
10
LPL Financial
LPLA
$28.5B
| $145M | 2.06% |
718,119
+280,540
| +64% | +$64.1M |
|
11
Zillow
Z
$8.07B
| $141M | 2% |
3,169,605
+5,912
| +0.2% | +$251K |
|
|
12
KKR & Co
KKR
$97.4B
| $138M | 1.95% |
+2,619,263
| New | +$141M |
|
13
Graphic Packaging
GPK
$3.54B
| $135M | 1.91% |
5,288,039
+1,398,121
| +36% | +$32.9M |
|
|
DFS
14
DELISTED
Discover Financial Services
DFS
| $134M | 1.9% |
1,351,107
+312,138
| +30% | +$33.4M |
|
15
Crown Holdings
CCK
$13B
| $133M | 1.89% |
1,612,460
+327,153
| +25% | +$27.7M |
|
16
Okta
OKTA
$23.5B
| $129M | 1.83% |
1,494,853
+172,749
| +13% | +$13.2M |
|
|
SMAR
17
DELISTED
Smartsheet Inc.
SMAR
| $128M | 1.82% |
2,685,591
-419,411
| -14% | -$18.2M |
|
|
SGI
18
Somnigroup International
SGI
$13.6B
| $127M | 1.8% |
3,217,151
-674,711
| -17% | -$26.8M |
|
19
Intuit
INTU
$100B
| $121M | 1.72% |
271,692
+2,613
| +1% | +$1.07M |
|
20
WillScot Mobile Mini Holdings
WSC
$4.01B
| $120M | 1.71% |
2,568,751
+77,909
| +3% | +$3.75M |
|
21
Performance Food Group
PFGC
$16.5B
| $119M | 1.69% |
1,971,495
+640,424
| +48% | +$37.4M |
|
22
Vertiv
VRT
$101B
| $113M | 1.61% |
7,929,542
-1,418,914
| -15% | -$20.8M |
|
23
Avantor
AVTR
$9.78B
| $113M | 1.61% |
5,347,689
+966,023
| +22% | +$22M |
|
24
Ferguson
FERG
$46.9B
| $113M | 1.6% |
841,299
-543,221
| -39% | -$75.5M |
|
25
CF Industries
CF
$19.6B
| $112M | 1.59% |
1,548,095
+883,782
| +133% | +$72.2M |
|
Similar funds
Ricky Sandler's Q1 2023 Portfolio in Review
As of Q1 2023, Ricky Sandler held 80 positions worth $7.04B, up 31% from $5.39B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Ricky Sandler deployed $1.16B of net new capital in Q1 2023, opening 15 new positions and adding to 33 existing holdings. Its largest new stake was Charles Schwab: 2,018,449 shares worth $106M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 26% a quarter earlier, followed by Consumer Discretionary and Materials.
On the sell side, the largest reduction was New Relic, Inc., an estimated $108M trimmed.
- Ricky Sandler's largest Q1 2023 buy was Charles Schwab: 2,018,449 shares worth $106M.
- Ricky Sandler added most to CF Industries in Q1 2023, an estimated $72.2M increase.
- Ricky Sandler's biggest Q1 2023 reduction was New Relic, Inc., cutting an estimated $108M.
- Ricky Sandler fully exited CATALENT, INC. in Q1 2023, selling an estimated $115M.
- Ricky Sandler's ten largest holdings make up 42% of its $7.04B portfolio in Q1 2023.
- Ricky Sandler opened 15 new positions and closed 14 in Q1 2023.
- Ricky Sandler's portfolio value rose 31% quarter-over-quarter to $7.04B.
Based on Eminence Capital's 13F filing for Q1 2023, filed 15 May 2023.