Eminence Capital
Eminence Capital, led by Ricky Sandler, is a hedge fund known for its fundamental, research-driven investment approach focusing on long-term capital growth. Sandler, who has a reputable track record in the investment community, emphasizes a blend of both value and growth investing strategies. The fund manages approximately $4.36 billion in assets, maintaining a relatively concentrated portfolio.
Las cifras de AUM mostradas se calculan sumando el valor de mercado declarado de todas las posiciones en los archivos SEC 13F-HR — no representan el patrimonio real gestionado por el fondo.
- Excluye efectivo, bonos, capital privado, posiciones cortas y acciones extranjeras no requeridas para declaración.
- Para opciones PUT y CALL, el Valor declarado es el valor nocional de las acciones subyacentes — no la prima pagada. Esto sobreestima significativamente el capital real en riesgo.
- El AUM real del fondo suele ser mayor e incluye estrategias, instrumentos y posiciones que nunca aparecen en un 13F.
- Los archivos 13F cubren gestores institucionales con ≥$100M en valores 13F. Las posiciones reflejan tenencias al final del trimestre, divulgadas hasta 45 días después del período.
Datos obtenidos de SEC EDGAR. Este rastreador es solo para fines informativos y no constituye asesoramiento de inversión.
Tenencias de Cartera
Top 30 posiciones
| Ticker | Emisor | Nocional | Cartera % | Al Declarar | Ahora (Cierre) | Desde Declaración | Asignación |
|---|---|---|---|---|---|---|---|
| SE | $336.7M | 7.72% | $82.81 | $103.06 | +24.4% | 7.7% | |
| AMZN | $321.5M | 7.37% | $208.27 | $242.93 | +16.6% | 7.4% | |
| PFGC | $318.6M | 7.31% | $85.66 | $112.40 | +31.2% | 7.3% | |
| CPNG | $292.8M | 6.71% | $18.88 | $19.12 | +1.3% | 6.7% | |
| AMD | $239.4M | 5.49% | $203.43 | $569.36 | +179.9% | 5.5% | |
| DT | $196.2M | 4.50% | $36.98 | $45.23 | +22.3% | 4.5% | |
| ABG | $186.8M | 4.28% | $195.41 | $200.91 | +2.8% | 4.3% | |
| LPX | $184.3M | 4.23% | $72.44 | $77.03 | +6.3% | 4.2% | |
| SNPS | $178.1M | 4.08% | $396.48 | $439.70 | +10.9% | 4.1% | |
| FWONK | $168.6M | 3.87% | $85.02 | $99.58 | +17.1% | 3.9% | |
| FERG | $150.6M | 3.45% | $232.37 | $226.50 | -2.5% | 3.5% | |
| WK | $150.3M | 3.45% | $59.63 | $50.87 | -14.7% | 3.5% | |
| THC | $149.1M | 3.42% | $188.71 | $204.73 | +8.5% | 3.4% | |
| VVV | $149.0M | 3.42% | $33.68 | $38.01 | +12.9% | 3.4% | |
| Z | $142.6M | 3.27% | $41.38 | $33.03 | -20.2% | 3.3% | |
| TSM | $142.5M | 3.27% | $337.16 | $456.97 | +35.5% | 3.3% | |
| SGI | $111.8M | 2.56% | $73.73 | $77.01 | +4.5% | 2.6% | |
| BABA | $108.1M | 2.48% | $124.32 | $96.64 | -22.3% | 2.5% | |
| DHR | $106.4M | 2.44% | $189.21 | $190.90 | +0.9% | 2.4% | |
| MDLN | $101.4M | 2.33% | $44.50 | $42.33 | -4.9% | 2.3% | |
| MTN | $91.6M | 2.10% | $126.35 | $138.42 | +9.6% | 2.1% | |
| MGRC | $88.9M | 2.04% | $109.81 | $115.99 | +5.6% | 2.0% | |
| ATMU | $72.8M | 1.67% | $56.71 | $50.13 | -11.6% | 1.7% | |
| AON | $57.8M | 1.32% | $321.93 | $353.38 | +9.8% | 1.3% | |
| MRSH | $55.6M | 1.27% | $172.56 | $173.40 | +0.5% | 1.3% | |
| EL | $50.1M | 1.15% | $71.49 | $83.03 | +16.1% | 1.1% | |
| FLUT | $49.3M | 1.13% | $101.95 | $104.49 | +2.5% | 1.1% | |
| MDB | $39.9M | 0.91% | $244.77 | $351.20 | +43.5% | 0.9% | |
| CWH | $39.8M | 0.91% | $6.83 | $6.96 | +1.9% | 0.9% | |
| PLAY | $25.4M | 0.58% | $10.83 | $10.35 | -4.4% | 0.6% |
Actividad Trimestre a Trimestre
Q1 2026 vs. Q4 2025
Nuevas Posiciones (8)
| Ticker | Emisor | Nocional | Desde Declaración |
|---|---|---|---|
| TSM | $142.5M | +35.5% | |
| DHR | $106.4M | +0.9% | |
| MTN | $91.6M | +9.6% | |
| AON | $57.8M | +9.8% | |
| MRSH | $55.6M | +0.5% | |
| EL | $50.1M | +16.1% | |
| MNDY | $17.1M | ||
| U | $15.9M |
Posiciones Cerradas (8)
| Ticker | Emisor | Nocional |
|---|---|---|
| DKNG | $290.4M | |
| GTLB | $289.1M | |
| CRM | $276.2M | |
| JEF | $236.3M | |
| GPK | $192.9M | |
| ELV | $170.8M | |
| LPLA | $157.8M | |
| UNH | $124.9M |
Aumentadas (8)
| Ticker | Emisor | Nocional | Var. Acciones | Desde Declaración |
|---|---|---|---|---|
| FLUT | $32.3M | +511.4% | +2.5% | |
| SGI | $83.8M | +382.2% | +4.5% | |
| SNPS | $61.0M | +80.2% | +10.9% | |
| Z | $-0.3M | +64.6% | -20.2% | |
| SE | $-0.3M | +53.9% | +24.4% | |
| MDLN | $38.2M | +51.4% | -4.9% | |
| PFGC | $80.5M | +40.5% | +31.2% | |
| FERG | $39.4M | +29.2% | -2.5% |
Reducidas (5)
| Ticker | Emisor | Nocional | Var. Acciones | Desde Declaración |
|---|---|---|---|---|
| RRR | $-77.9M | -74.3% | ||
| ATMU | $-125.8M | -66.5% | -11.6% | |
| LPX | $-142.6M | -37.4% | +6.3% | |
| WK | $-169.4M | -32.0% | -14.7% | |
| MGRC | $-10.8M | -15.1% | +5.6% |
Actividad Trimestral
During the quarter, Eminence Capital initiated significant new positions in Taiwan Semiconductor Manufacturing Company (TSM), Danaher Corporation (DHR), and Vail Resorts (MTN), reflecting a strategic diversification in their portfolio. The fund also exited substantial stakes in DraftKings (DKNG), GitLab (GTLB), and Salesforce (CRM), indicating a major reallocation of resources. Additionally, there was a notable increase in their position in Flutter Entertainment (FLUT) and a decrease in Red Rock Resorts (RRR), suggesting shifts in sector focus and risk management strategies.
Comentario IA
<p>Eminence Capital's portfolio, with an AUM of $4.36 billion, shows a strong concentration in technology and consumer services. The top holdings include SEA LTD (SE) at 7.7% of the portfolio, AMAZON COM INC (AMZN) at 7.4%, and PERFORMANCE FOOD GROUP CO (PFGC) at 7.3%. Other significant positions are in COUPANG INC (CPNG), ADVANCED MICRO DEVICES INC (AMD), and DYNATRACE INC (DT), indicating a strategic focus on e-commerce, semiconductor, and software sectors. This sector concentration suggests a bullish stance on digital and tech-driven markets, alongside consumer distribution networks.</p> <p>The recent quarter's activity signals a strategic shift in Eminence Capital's investment thesis. The fund initiated substantial new positions in TSM, DHR, MTN, AON, and MRSH, diversifying into sectors like semiconductor manufacturing and insurance. Conversely, the closure of large positions in DKNG, GTLB, CRM, JEF, and GPK might indicate a move away from certain tech and consumer discretionary stocks, possibly due to market saturation or anticipated sector downturns. Notably, the fund increased its stake in SNPS by 80% and SE by 54%, reinforcing its confidence in these companies, while significant reductions in RRR and ATMU suggest a strategic pullback from these areas.</p>