WhaleCreep

Eminence Capital, LP 13F holdings, Q4 2010

Hedge fundSEC filingsCompare with another fundHoldings as of 2010-12-31, filed 2011-02-14

Eminence Capital, LP disclosed 39 US equity positions worth $3.5bn in its Q4 2010 13F filing. Its largest position is ORCL at 6.7% of the reported book, followed by AON CORP and TYCO INTERNATIONAL LTD. Versus Q3 2010 it opened 4 new positions, added to 8, reduced 26 and exited 13.

$3.5bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
39
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.7%
Largest position
The largest single position as a share of the reported equity book.
44.0%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
30
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
104
Quarters on file since Q4 1999
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q3 2010: 4 new, 8 added, 26 reduced, 13 exited

39 rows
ORCL ORACLE CORPTechnology6.7%$231m7.39m−39%reduced
AON CORP no ticker–5.4%$187m4.07m−17%reduced
TYCO INTERNATIONAL LTD no ticker–5.0%$175m4.21m+6.9%added
JPM JPMORGAN CHASE & COFinancial Services4.0%$140m3.30m−30%reduced
SCHW SCHWAB CHARLES CORPFinancial Services4.0%$139m8.10m−24%reduced
CSCO CISCO SYS INCTechnology4.0%$137m6.77m+30%added
USB US BANCORPFinancial Services3.9%$137m5.07m−39%reduced
LIBERTY INTERACTIVE CORP no ticker–3.7%$129m8.20m+104%added
GILD GILEAD SCIENCES INCHealthcare3.7%$127m3.51m+15%added
EBAY EBAY INC.Consumer Cyclical3.5%$123m4.41m−40%reduced
BECKMAN COULTER INC no ticker–3.2%$112m1.48m−12%reduced
NOVELLUS SYS INC no ticker–3.2%$110m3.39m−32%reduced
RTN1USD RAYTHEON CO–3.0%$103m2.22m+9.8%added
EFX EQUIFAX INCIndustrials2.9%$99.3m2.79m−18%reduced
TMO THERMO FISHER SCIENTIFIC INCHealthcare2.6%$91.6m1.66m−50%reduced
AMT TD AMERITRADE HLDG CORPReal Estate2.6%$91.5m4.82m−15%reduced
KRAFT FOODS INC no ticker–2.6%$90.6m2.87m−19%reduced
MA MASTERCARD INCFinancial Services2.6%$89.0m396,920–new
BAX BAXTER INTL INCHealthcare2.6%$88.5m1.75m−18%reduced
UTXZ UNITED TECHNOLOGIES CORP–2.5%$87.1m1.11m−28%reduced
99803EUR LABORATORY CORP AMER HLDGS–2.4%$84.8m965,000−25%reduced
GPN GLOBAL PMTS INCIndustrials2.4%$82.3m1.78m−19%reduced
HSIC HENRY SCHEIN INCHealthcare2.3%$79.5m1.30m−19%reduced
LOW LOWES COS INCConsumer Cyclical2.1%$72.6m2.89m−62%reduced
AEO AMERICAN EAGLE OUTFITTERS INConsumer Cyclical2.0%$68.1m4.65m−10%reduced
ABT ABBOTT LABORATORIESHealthcare1.9%$67.4m1.41m−44%reduced
CHECK POINT SOFTWARE TECH LT no ticker–1.9%$67.2m1.45m–new
COCA COLA ENTERPRISES INC NE no ticker–1.9%$64.4m2.57m–new
FIS FIDELITY NATL INFORMATION SVTechnology1.8%$63.1m2.30m+20%added
IBKR INTERACTIVE BROKERS GROUP INFinancial Services1.6%$55.8m3.13m−21%reduced
ZBRA ZEBRA TECHNOLOGIES CORPTechnology1.5%$52.2m1.38m−58%reduced
LEN LENNAR CORPConsumer Cyclical1.3%$46.2m2.46m−5.8%reduced
LIFE TECHNOLOGIES CORP no ticker–1.3%$45.1m812,000−16%reduced
UNILEVER PLC no ticker–1.2%$40.3m1.28m–new
HERTZ GLOBAL HOLDINGS INC no ticker–0.8%$29.3m2.02m−25%reduced
G GENPACT LIMITEDTechnology0.8%$28.8m1.89m+167%added
WFC WELLS FARGO & COFinancial Services0.5%$16.8m540,499−48%reduced
SYMCEUR SYMANTEC CORP–0.3%$11.8m703,069+87%added
GLRE GREENLIGHT CAPITAL RE LTDFinancial Services0.07%$2.4m89,7790.0%held

Exited since Q3 2010

13 rows
COCA COLA ENTERPRISES INC no ticker4.3%$194m
V VISA INC3.4%$154m
DGX QUEST DIAGNOSTICS INC2.3%$105m
UNP UNION PACIFIC CORP1.9%$86.3m
APOLLO ED GROUP INC no ticker1.7%$79.3m
PEP PEPSICO INC1.7%$78.1m
AAPL APPLE INC1.6%$72.3m
CAR AVIS BUDGET GROUP INC0.7%$30.9m
EXPEDIA INC DEL no ticker0.6%$25.4m
IWM ISHARES TR0.5%$21.5m
E M C CORP MASS no ticker0.3%$12.2m
ADSK AUTODESK INC0.2%$10.7m
HEWLETT PACKARD CO no ticker0.1%$5.0m

Sector mix

  • Unclassified38.6%
  • Financial Services16.7%
  • Technology14.8%
  • Healthcare13.1%
  • Consumer Cyclical8.9%
  • Industrials5.2%
  • Real Estate2.6%

Book over time

Every quarter on file (104)
QuarterPositionsEquity book
Q1 202633$4.4bn
Q4 202539$6.3bn
Q3 202543$6.8bn
Q2 202545$6.8bn
Q1 202547$6.0bn
Q4 202452$6.5bn
Q3 202449$6.6bn
Q2 202456$6.2bn
Q1 202456$5.5bn
Q4 202355$5.1bn
Q3 202360$5.1bn
Q2 202362$5.6bn
Q1 202365$5.9bn
Q4 202264$5.4bn
Q3 202259$4.7bn
Q2 202264$5.0bn
Q1 202266$6.2bn
Q4 202166$7.7bn
Q3 202162$7.3bn
Q2 202169$8.1bn
Q1 202168$8.1bn
Q4 202076$8.8bn
Q3 202075$7.7bn
Q2 202071$7.7bn
Q1 202099$8.2bn
Q4 201956$8.8bn
Q3 201953$7.9bn
Q2 201946$7.4bn
Q1 201942$6.5bn
Q4 201844$5.1bn
Q3 201840$6.1bn
Q2 201845$7.0bn
Q1 201838$6.2bn
Q4 201739$6.3bn
Q3 201742$6.2bn
Q2 201743$5.9bn
Q1 201739$5.6bn
Q4 201645$6.4bn
Q3 201643$6.0bn
Q2 201644$4.9bn
Q1 201645$5.7bn
Q4 201554$7.3bn
Q3 201558$6.3bn
Q2 201558$6.6bn
Q1 201559$6.2bn
Q4 201468$6.7bn
Q3 201466$6.5bn
Q2 201458$6.1bn
Q1 201463$5.9bn
Q4 201359$5.6bn
Q3 201352$4.5bn
Q2 201351$4.0bn
Q1 201339$2.7bn
Q4 201238$2.2bn
Q3 201238$2.2bn
Q2 201238$2.1bn
Q1 201239$2.1bn
Q4 201142$2.5bn
Q3 201139$2.5bn
Q2 201134$3.3bn
Q1 201140$3.7bn
Q4 201039$3.5bn
Q3 201048$4.5bn
Q2 201049$4.4bn
Q1 201044$5.5bn
Q4 200941$4.0bn
Q3 200934$2.5bn
Q2 200928$1.9bn
Q1 200919$1.1bn
Q4 200820$1.3bn
Q3 200831$3.0bn
Q2 200830$3.1bn
Q1 200827$3.2bn
Q4 200740$5.4bn
Q3 200745$6.0bn
Q2 200757$7.1bn
Q1 200735$3.8bn
Q4 200629$3.2bn
Q3 200631$3.3bn
Q2 200637$3.6bn
Q1 200633$3.1bn
Q4 200533$2.4bn
Q3 200558$2.3bn
Q2 200562$1.7bn
Q1 200559$1.4bn
Q4 200473$1.3bn
Q3 200484$1.4bn
Q2 200474$1.4bn
Q1 200477$1.3bn
Q4 200376$1.3bn
Q2 200379$1.2bn
Q1 200366$910m
Q3 200263$760m
Q2 200247$535m
Q1 200253$638m
Q4 200148$553m
Q3 200164$552m
Q2 200154$590m
Q1 200143$524m
Q4 200067$471m
Q3 200052$322m
Q2 200037$194m
Q1 200050$242m
Q4 199936$187m

Where Eminence Capital, LP was early

175 rows
TTWO TAKE-TWO INTERACTIVE SOFTWARQ1 200011 of 2130.3%3.2%17Exited by Q1 2020+1286%
ENR Energizer Hldgs IncQ3 20001 of 973.5%5.7%5Exited by Q4 2001−32%
MEI Methode Electrs Inc METHAQ3 20001 of 700.3%1.7%3Exited by Q2 2001−60%
ROST Ross Stores IncQ3 20001 of 1742.0%7.5%16Exited by Q1 2008+256%
TTEK Tetra Tech Inc NewQ3 20001 of 1141.3%1.3%11Exited by Q2 2004−6.1%
MAT MATTEL INCQ3 20003 of 1300.9%1.3%5Exited by Q4 2017+35%
HRB BLOCK H & R INCQ4 20003 of 1230.4%5.6%8Exited by Q4 2005+132%
MCO Moody's CorpQ4 20003 of 1762.2%2.6%4Exited by Q3 2007+384%
TJX 73 TJX Companies IncQ4 20003 of 1851.8%3.1%6Exited by Q4 2003+36%
TSN TYSON FOODS INCQ4 200011 of 1240.9%4.5%5Exited by Q3 2019+533%
AAPL APPLE INCQ1 20011 of 2752.1%6.6%18Exited by Q1 2015+6902%
MMS MAXIMUS INCQ1 20011 of 940.06%1.4%5Exited by Q3 2002+7.1%
MSFT MICROSOFT CORPQ1 20011 of 3741.2%3.7%17Exited by Q1 2019+271%
VTR VENTAS INCQ1 20011 of 1262.6%4.6%8Exited by Q4 2020+332%
JPM JPMORGAN CHASE & COQ1 20012 of 2312.8%4.6%23Exited by Q4 2020+114%
NKE NIKE INCQ1 20012 of 2083.9%6.9%19Exited by Q4 2017+928%
ANF ABERCROMBIE & FITCH COQ2 20011 of 1460.4%10.3%10Exited by Q4 2009−26%
HSI Heidrick & Struggles IncQ2 20011 of 600.2%4.7%11Exited by Q1 2005–
CTAS CINTAS CORPQ2 20012 of 1390.4%4.7%19Exited by Q4 2009−34%
RCI ROGERS COMMUNICATIONS INCQ2 20012 of 852.2%4.1%4Exited by Q2 2002−9.6%
ROK ROCKWELL AUTOMATION INCQ2 20013 of 1401.9%1.9%3Exited by Q2 2013+127%
AXP AMERICAN EXPRESS COQ3 20011 of 1941.7%7.0%27Exited by Q4 2023+487%
KR 35 Kroger CompanyQ3 20011 of 1602.0%5.1%5Exited by Q1 2003−43%
AEO AMERICAN EAGLE OUTFITTERS NEQ3 20013 of 1511.7%2.0%7Exited by Q1 2011+121%
BIGGQ BIG LOTS INC OHIOQ1 20021 of 891.7%1.7%2Exited by Q3 2002+40%
URI 74 United Rentals IncQ1 20021 of 1801.4%1.4%4Exited by Q1 2004−30%
PZZA PAPA JOHNS INTL INCQ1 20025 of 1240.5%2.5%3Exited by Q2 2018+722%
SHW SHERWIN WILLIAMS COQ1 20025 of 1920.2%3.2%13Exited by Q3 2024+3044%
FICO 16 Fair Issac & Co IncQ2 20022 of 1861.7%1.7%2Exited by Q1 2003−0.5%
MAR MARRIOTT INTL INC NEWQ2 20023 of 1820.7%2.9%5Exited by Q2 2020+322%
BEN FRANKLIN RES INCQ3 20021 of 1172.5%3.6%29Exited by Q1 2015+434%
WOO 15 Foot Locker IncQ3 20021 of 1604.6%4.7%2Exited by Q2 2003+7.1%
MGM MGM RESORTS INTERNATIONALQ1 20032 of 2122.2%3.9%9Exited by Q1 2025+137%
YUM YUM BRANDS INCQ1 20032 of 1568.0%10.3%9Exited by Q1 2016+500%
COR AmerisourceBergen CorpQ1 20033 of 1582.7%2.8%6Exited by Q1 2005+12%
DIS DISNEY WALT COQ2 20037 of 2530.2%2.3%6Exited by Q4 2012+168%
SNPS SYNOPSYS INCQ4 20033 of 2152.3%4.1%6Held at last filing, Q1 2026+1071%
USB US BANCORP DELQ4 20033 of 1622.9%5.2%23Exited by Q1 2012−9.2%
PHM PULTE HOMES INCQ1 20043 of 1501.1%3.2%6Exited by Q3 2005+52%
ORCL ORACLE CORPQ3 20045 of 2560.9%22.1%25Exited by Q3 2013+172%
FMX FOMENTO ECONOMICO MEXICANO SQ4 20041 of 823.7%3.7%9Exited by Q4 2023+522%
WYNN WYNN RESORTS LTDQ4 20041 of 1820.3%1.4%10Exited by Q1 2025+29%
SCHW SCHWAB CHARLES CORPQ1 20051 of 2214.5%8.1%46Exited by Q1 2024+555%
DLB DOLBY LABORATORIES INCQ1 20053 of 1050.2%1.1%6Exited by Q4 2006−16%
KOF REP LQ2 20052 of 460.4%1.9%9Exited by Q3 2007+66%
QCOM QUALCOMM INCQ2 20055 of 2463.4%7.0%29Exited by Q2 2014+139%
STE Steris CorpQ3 20051 of 1191.0%3.5%8Exited by Q3 2007+29%
MMM 3M COQ3 20054 of 1654.2%5.2%13Exited by Q4 2008−6.9%
CSCO CISCO SYS INCQ4 20055 of 1705.3%6.5%23Exited by Q3 2011−8.8%
AMAT APPLIED MATLS INCQ2 20062 of 2912.7%4.5%11Exited by Q1 2009−38%

Concentration and tenure

7.2%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
44.5%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
2
Median completed holding, quarters