Eminence Capital, L.P. 13F annual report

Eminence Capital, L.P. is an investment fund managing more than $5.12 trillion ran by Ricky Sandler. There are currently 55 companies in Mr. Sandler’s portfolio. The largest investments include Ashland Inc and Graphic Packaging Hldg Co, together worth $493 billion.

Limited to 30 biggest holdings

$5.12 trillion Assets Under Management (AUM)

As of 7th February 2024, Eminence Capital, L.P.’s top holding is 3,515,868 shares of Ashland Inc currently worth over $296 billion and making up 5.8% of the portfolio value. Relative to the number of outstanding shares of Ashland Inc, Eminence Capital, L.P. owns less than approximately 0.1% of the company. In addition, the fund holds 7,962,325 shares of Graphic Packaging Hldg Co worth $196 billion. The third-largest holding is Lpl Finl Hldgs Inc worth $182 billion and the next is Corteva Inc worth $182 billion, with 3,796,403 shares owned.

Currently, Eminence Capital, L.P.'s portfolio is worth at least $5.12 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Eminence Capital, L.P.

The Eminence Capital, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Ricky Sandler serves as the Managing Member of Eminence Capital GP, LLC at Eminence Capital, L.P..

Recent trades

In the most recent 13F filing, Eminence Capital, L.P. revealed that it had opened a new position in Liberty Media and bought 2,548,987 shares worth $161 billion. This means they effectively own 0.1% of the company. Liberty Media makes up 72.6% of the fund's Communication Services sector allocation and has decreased its share price by 7.5% in the past year.

The investment fund also strengthened its position in Graphic Packaging Hldg Co by buying 2,046,732 additional shares. This makes their stake in Graphic Packaging Hldg Co total 7,962,325 shares worth $196 billion.

On the other hand, there are companies that Eminence Capital, L.P. is getting rid of from its portfolio. Eminence Capital, L.P. closed its position in New Relic Inc on 14th February 2024. It sold the previously owned 3,807,116 shares for $249 billion. Ricky Sandler also disclosed a decreased stake in Ashland Inc by approximately 0.1%. This leaves the value of the investment at $296 billion and 3,515,868 shares.

One of the largest hedge funds

The two most similar investment funds to Eminence Capital, L.P. are Stephens Inc ar/ and Tpg Gp A. They manage $5.13 trillion and $5.1 trillion respectively.


Ricky Sandler investment strategy

Eminence Capital, L.P.’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Technology — making up 19.8% of the total portfolio value. The fund focuses on investments in the United States as 58.2% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 33% of the total holdings value. On the other hand, small-cap stocks make up only 1.8% of the portfolio. The average market cap of the portfolio companies is close to $33.5 billion.

The complete list of Eminence Capital, L.P. trades based on 13F SEC filings

These positions were updated on February 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Ashland Inc
2.75%
3,515,868
$296,422,831,000 5.79%
New Relic Inc
Closed
3,807,116
$249,137,671,000
Graphic Packaging Hldg Co
34.60%
7,962,325
$196,271,311,000 3.83%
Lpl Finl Hldgs Inc
1.98%
799,757
$182,040,688,000 3.55%
Corteva Inc
157.28%
3,796,403
$181,923,632,000 3.55%
Okta Inc
28.60%
1,910,621
$172,968,519,000 3.38%
Dave Busters Entmt Inc
278.75%
3,191,559
$171,865,452,000 3.35%
Liberty Media Corp.
Opened
2,548,987
$160,917,549,000 3.14%
Pinterest Inc
28.06%
4,136,622
$153,220,479,000 2.99%
Tandem Diabetes Care Inc
65.85%
5,170,451
$152,941,941,000 2.99%
Cf Inds Hldgs Inc
20.93%
1,912,560
$152,048,520,000 2.97%
Smartsheet Inc
50.90%
3,173,369
$151,750,506,000 2.96%
Sentinelone Inc
Opened
5,434,754
$149,129,650,000 2.91%
Uber Technologies Inc
48.87%
2,385,205
$146,857,072,000 2.87%
Louisiana-Pacific Corp.
7.84%
2,056,991
$145,696,673,000 2.84%
Performance Food Group Company
3.17%
1,994,730
$137,935,580,000 2.69%
Liberty Media Corp.
Closed
1,803,743
$135,785,773,000
Salesforce Inc
14.69%
489,400
$128,780,716,000 2.51%
Red Rock Resorts Inc
28.44%
2,373,556
$126,581,741,000 2.47%
Amazon.com Inc.
43.08%
782,941
$118,960,056,000 2.32%
Envista Holdings Corp
Closed
3,494,982
$118,270,191,000
Alibaba Group Hldg Ltd
34.04%
1,519,572
$117,782,026,000 2.30%
Schwab Charles Corp
31.48%
1,685,840
$115,985,792,000 2.26%
Discover Finl Svcs
3.89%
981,555
$110,326,782,000 2.15%
Bausch And Lomb Corp
Closed
5,368,375
$107,743,286,000
Advanced Micro Devices Inc.
Opened
711,486
$104,880,151,000 2.05%
Melco Resorts And Entmnt Ltd
32.60%
11,559,041
$102,528,694,000 2.00%
Manchester Utd Plc
22.87%
4,870,944
$99,269,839,000 1.94%
E2open Parent Holdings Inc
Closed
16,880,763
$94,532,273,000
Spectrum Brands Holdings Inc.
Closed
1,209,539
$94,404,519,000
Crown Holdings, Inc.
32.91%
1,006,559
$92,694,018,000 1.81%
Lennar Corp.
5.47%
612,298
$91,256,894,000 1.78%
Cbre Group Inc
Opened
973,048
$90,581,038,000 1.77%
Zillow Group Inc
43.52%
1,556,692
$90,070,199,000 1.76%
Tempur Sealy International Inc
43.47%
1,739,290
$88,651,611,000 1.73%
Ferguson Plc
31.08%
449,956
$86,873,005,000 1.70%
Morgan Stanley
Closed
1,014,566
$86,643,936,000
Bio Rad Labs Inc
Closed
225,881
$85,636,005,000
Willscot Mobile Mini Hldng Co
Closed
1,724,657
$82,421,358,000
Signet Jewelers Limited
Opened
759,439
$81,457,427,000 1.59%
Fomento Economico Mexicano
Closed
726,222
$80,494,446,000
Intuit Inc
32.42%
125,290
$78,310,009,000 1.53%
Elevance Health Inc
2.16%
165,901
$78,232,276,000 1.53%
Kkr Co Inc
60.06%
891,916
$73,895,241,000 1.44%
Asbury Automotive Group Inc
17.74%
328,093
$73,811,082,000 1.44%
Progressive Corp.
18.51%
439,848
$70,058,989,000 1.37%
Sea Ltd
Opened
1,499,112
$60,714,036,000 1.19%
Peloton Interactive Inc
Closed
7,677,228
$59,037,883,000
Group 1 Automotive, Inc.
35.35%
164,681
$50,184,888,000 0.98%
Sherwin-Williams Co.
49.70%
157,237
$49,042,220,000 0.96%
Sensata Technologies Hldg Plc
Opened
1,245,512
$46,793,886,000 0.91%
Advisorshares Trust
20.49%
6,496,078
$45,537,507,000 0.89%
Autonation Inc.
47.97%
261,940
$39,338,149,000 0.77%
Berry Global Group Inc
56.99%
562,154
$37,883,558,000 0.74%
Camping World Holdings Inc
Opened
1,426,143
$37,450,515,000 0.73%
Keurig Dr Pepper Inc
Closed
1,084,197
$33,902,840,000
Wix.com Ltd
2.76%
243,893
$30,003,717,000 0.59%
XPO Inc
Closed
501,854
$29,609,386,000
Haleon Plc
10.75%
3,361,102
$27,661,869,000 0.54%
Baxter International Inc.
Closed
596,869
$27,193,352,000
Mastercard Incorporated
2.76%
60,431
$25,774,426,000 0.50%
Godaddy Inc
71.35%
221,336
$23,497,030,000 0.46%
Natera Inc
Closed
424,451
$20,653,786,000
Camden Property Trust
Opened
188,708
$18,736,817,000 0.37%
American Express Co.
Closed
97,992
$17,070,206,000
Universal Hlth Svcs Inc
Closed
97,936
$15,451,363,000
Wynn Resorts Ltd.
Opened
165,615
$15,089,183,000 0.29%
JFrog Ltd
86.38%
430,130
$14,886,799,000 0.29%
Lennar Corp.
Closed
119,057
$13,451,060,000
Six Flags Entmt Corp
Opened
454,243
$11,392,414,000 0.22%
Match Group Inc.
2.75%
244,898
$8,938,777,000 0.17%
Caremax Inc
17.39%
10,424,657
$5,193,564,000 0.10%
Doma Holdings Inc
No change
489,664
$2,267,144,000 0.04%
No transactions found
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