Eminence Capital
Ricky Sandler · CIK 0001107310 · latest 13F for 2026-03-31 filed 2026-05-15
Estimated from 13F holdings — long US equities only; follow-the-filing returns are net of an assumed 10 bps per unit of turnover.
About the fund
Eminence Capital is a New York-based global asset management firm founded in 1999 by Ricky Sandler. The firm focuses on fundamental, bottom-up long/short equity investing and manages several global equity strategies, including long-only and alpha extension funds.
Investment approach
The firm employs a bottom-up, fundamental research process that utilizes proprietary financial modeling and direct company engagement. It seeks to identify quality, durable businesses that are mispriced by the market for long positions, and low-quality businesses for short positions. While the firm is sometimes described as activist, it states that activism is not its primary strategy, though it may engage with boards to influence outcomes when necessary.
History
Eminence Capital was launched by Ricky Sandler in 1999 following his time at Fusion Capital Management. The firm initially focused on a single long/short equity strategy and has since evolved its offerings to include long-only and alpha extension strategies. In 2014, Eminence Capital, LLC merged into Eminence Capital, LP, which continues to operate as the firm's primary entity.
Notable positions & campaigns
- Entain plc2024 — Eminence Capital engaged with the company regarding its management and capital allocation, with Ricky Sandler joining the board.
Profile generated 2026-10-09 from public sources; may be incomplete or out of date.
- Founded by
- Ricky Sandler
- Founded
- 1999
- HQ
- New York, United States
- Reported AUM
- $6.4bn (as of January 1, 2024)
- Website
- eminencecapital.com
Management
- Ricky SandlerFounder, Chief Executive Officer & Chief Investment Officer
- Michael FitzsimmonsPrincipal Portfolio Manager Sector Head
- Peter GoodsonPrincipal Portfolio Manager Director of Research
- Kris KokaPrincipal Portfolio Manager Sector Head
Holdings heatmap
Latest 13F (2026-03-31): top 33 positions grouped by sector, sized by weight, coloured by the change in weight since the previous 13F.
Holdings map
Each tile is a position, sized by reported value and coloured by the stock's own price return (red down, green up) — the LiquidRound / finviz-style map.
Copy portfolio vs SPY
Growth of $1 following each filing the trading day after it was filed.
Top holdings
Latest 13F (2026-03-31).
| # | Ticker | Value | Weight |
|---|---|---|---|
| 1 | SE | $337M | 7.7% |
| 2 | AMZN | $322M | 7.4% |
| 3 | PFGC | $319M | 7.3% |
| 4 | CPNG | $293M | 6.7% |
| 5 | AMD | $239M | 5.5% |
| 6 | DT | $196M | 4.5% |
| 7 | ABG | $187M | 4.3% |
| 8 | LPX | $184M | 4.2% |
| 9 | SNPS | $178M | 4.1% |
| 10 | FWONK | $169M | 3.9% |
| 11 | FERG | $151M | 3.5% |
| 12 | WK | $150M | 3.4% |
| 13 | THC | $149M | 3.4% |
| 14 | VVV | $149M | 3.4% |
| 15 | Z | $143M | 3.3% |
| 16 | TSM | $143M | 3.3% |
| 17 | SGI | $112M | 2.6% |
| 18 | BABA | $108M | 2.5% |
| 19 | DHR | $106M | 2.4% |
| 20 | MDLN | $101M | 2.3% |
| 21 | MTN | $92M | 2.1% |
| 22 | MGRC | $89M | 2.0% |
| 23 | ATMU | $73M | 1.7% |
| 24 | — | $58M | 1.3% |
| 25 | MRSH | $56M | 1.3% |
Sector mix
Top-25 holdings by weight.
Changes this quarter
| Move | Ticker | Prev wt | Now wt |
|---|---|---|---|
| exited | DKNG | 4.6% | 0.0% |
| exited | GTLB | 4.6% | 0.0% |
| exited | CRM | 4.4% | 0.0% |
| exited | JEF | 3.7% | 0.0% |
| added | PFGC | 3.8% | 7.3% |
| new | TSM | 0.0% | 3.3% |
| exited | GPK | 3.1% | 0.0% |
| exited | ELV | 2.7% | 0.0% |
| exited | LPLA | 2.5% | 0.0% |
| new | DHR | 0.0% | 2.4% |
| added | SE | 5.3% | 7.7% |
| added | SNPS | 1.9% | 4.1% |
| added | AMD | 3.3% | 5.5% |
| added | SGI | 0.4% | 2.6% |
| new | MTN | 0.0% | 2.1% |
| added | CPNG | 4.7% | 6.7% |
| exited | UNH | 2.0% | 0.0% |
| exited | PINS | 1.9% | 0.0% |
| exited | PTON | 1.8% | 0.0% |
| added | FERG | 1.8% | 3.5% |
Quarterly copy returns
Each 13F held from the day after filing until the next filing.
| 13F period | Copy | SPY | Alpha | Coverage |
|---|---|---|---|---|
| 2026-03-31 | +9.1% | +5.3% | +3.8% | 94% |
| 2025-12-31 | -2.5% | +7.9% | -10.5% | 95% |
| 2025-09-30 | -7.7% | +3.4% | -11.1% | 91% |
| 2025-06-30 | -6.5% | +3.7% | -10.2% | 91% |
| 2025-03-31 | +4.8% | +8.6% | -3.8% | 96% |
| 2024-12-31 | -3.9% | -2.5% | -1.3% | 94% |
| 2024-09-30 | +9.0% | +4.7% | +4.2% | 87% |
| 2024-06-30 | +9.6% | +6.2% | +3.3% | 85% |
| 2024-03-31 | -2.3% | +4.9% | -7.3% | 85% |
| 2023-12-31 | +6.2% | +5.6% | +0.6% | 86% |
| 2023-09-30 | +20.6% | +12.1% | +8.6% | 84% |
| 2023-06-30 | -2.1% | +1.9% | -4.0% | 81% |
| 2023-03-31 | +10.8% | +8.4% | +2.4% | 79% |
| 2022-12-31 | -5.2% | -0.5% | -4.6% | 69% |
| 2022-09-30 | +10.1% | +4.4% | +5.7% | 67% |
| 2022-06-30 | -4.4% | -6.9% | +2.4% | 64% |
Filing dates
- 2026-07-0613F-HR for 2026-06-30 · $0 · 1 rows
- 2026-05-1513F-HR for 2026-03-31 · $4.4B · 33 rows
- 2026-02-1713F-HR for 2025-12-31 · $6.3B · 39 rows
- 2025-11-1413F-HR for 2025-09-30 · $8.2B · 46 rows
- 2025-08-1413F-HR for 2025-06-30 · $8.3B · 47 rows
- 2025-05-1513F-HR for 2025-03-31 · $6.0B · 47 rows
- 2025-02-1413F-HR for 2024-12-31 · $6.5B · 52 rows
- 2024-11-1413F-HR for 2024-09-30 · $7.1B · 50 rows
- 2024-08-1413F-HR for 2024-06-30 · $6.2B · 56 rows
- 2024-05-1513F-HR for 2024-03-31 · $7.1B · 61 rows
- 2024-02-1413F-HR for 2023-12-31 · $6.7B · 61 rows
- 2023-11-1413F-HR for 2023-09-30 · $5.1B · 62 rows
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