WhaleCreep

Eminence Capital, LP 13F holdings, Q1 2018

Hedge fundSEC filingsCompare with another fundHoldings as of 2018-03-31, filed 2018-05-15

Eminence Capital, LP disclosed 38 US equity positions worth $6.2bn in its Q1 2018 13F filing. Its largest position is LEN at 9.7% of the reported book, followed by ICE and IQV. Versus Q4 2017 it opened 4 new positions, added to 10, reduced 19 and exited 5.

$6.2bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
38
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
9.7%
Largest position
The largest single position as a share of the reported equity book.
50.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
25
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 Q4 2017: 4 new, 10 added, 19 reduced, 5 exited

38 rows
LEN LENNAR CORPConsumer Cyclical9.7%$597m10.13m+36%added
ICE INTERCONTINENTAL EXCHANGE INFinancial Services6.1%$379m5.23m−2.1%reduced
IQV IQVIA HLDGS INCHealthcare5.6%$346m3.52m+0.3%held
LIBERTY MEDIA CORP DEL no ticker–5.4%$335m10.87m+27%added
USFD US FOODS HLDG CORPConsumer Defensive5.0%$308m9.40m−10%reduced
VMC VULCAN MATLS COBasic Materials4.2%$260m2.28m–new
MGM MGM RESORTS INTERNATIONALConsumer Cyclical3.9%$243m6.93m+36%added
ELLIE MAE INC no ticker–3.8%$236m2.56m+0.2%held
LA QUINTA HLDGS INC no ticker–3.4%$211m11.13m+16%added
CSOD CORNERSTONE ONDEMAND INC–3.2%$199m5.10m−11%reduced
MSFT MICROSOFT CORPTechnology3.1%$190m2.08m−7.7%reduced
GOOG ALPHABET INCCommunication Services3.0%$183m177,823−18%reduced
ADSK AUTODESK INCTechnology2.9%$179m1.43m−25%reduced
WEN The Wendy's CoConsumer Cyclical2.8%$171m9.76m−16%reduced
META META PLATFORMS INCCommunication Services2.7%$169m1.05m–new
INTERXION HOLDING N.V no ticker–2.6%$164m2.63m−39%reduced
PZZA PAPA JOHNS INTL INCConsumer Cyclical2.5%$157m2.73m+381%added
CYBERARK SOFTWARE LTD no ticker–2.5%$153m2.99m−11%reduced
NEWREUR NEW RELIC INC–2.1%$127m1.72m−45%reduced
ABG ASBURY AUTOMOTIVE GROUP INCConsumer Cyclical2.0%$126m1.87m−4.0%reduced
GPI GROUP 1 AUTOMOTIVE INCConsumer Cyclical2.0%$126m1.94m+3.4%added
CBRE CBRE GROUP INCReal Estate2.0%$121m2.56m−21%reduced
IMPERVA INC no ticker–1.9%$118m2.72m−5.8%reduced
PTC PTC INCTechnology1.9%$117m1.50m−23%reduced
EFX EQUIFAX INCIndustrials1.9%$116m984,887−44%reduced
CF CF Industries Holdings IncBasic Materials1.8%$110m2.93m−41%reduced
YELP YELP INCCommunication Services1.8%$110m2.63m+27%added
EA ELECTRONIC ARTS INCCommunication Services1.6%$98.2m809,717+284%added
MSTR STRATEGY INCTechnology1.6%$98.0m759,924+0.2%held
ARCPEUR VEREIT INC–1.5%$92.5m13.30m–new
PANDORA MEDIA INC no ticker–1.5%$91.5m18.20m+0.3%held
AABAUSD ALTABA INC–1.4%$85.2m1.15m+52%added
JACK JACK IN THE BOX INCConsumer Cyclical0.8%$47.8m560,000−35%reduced
PYPL PAYPAL HLDGS INCFinancial Services0.7%$45.6m601,388−21%reduced
LIBERTY GLOBAL PLC no ticker–0.6%$35.6m1.14m−76%reduced
TTWO TAKE-TWO INTERACTIVE SOFTWARCommunication Services0.3%$16.1m165,000–new
JAXUSD J ALEXANDERS HLDGS INC–0.2%$14.9m1.30m+0.6%added
LEN/B LENNAR CORP–0.1%$7.8m164,471+0.3%held

Exited since Q4 2017

5 rows
MDLZ MONDELEZ INTL INC2.5%$159m
ZNGAEUR ZYNGA INC2.2%$140m
ARRIS INTL INC no ticker1.8%$112m
ELV ELEVANCE HEALTH INC1.6%$101m
SPGI S&P GLOBAL INC1.1%$67.5m

Sector mix

  • Unclassified30.2%
  • Consumer Cyclical23.7%
  • Technology9.5%
  • Communication Services9.3%
  • Financial Services6.9%
  • Basic Materials6.0%
  • Healthcare5.6%
  • Consumer Defensive5.0%
  • Real Estate2.0%
  • Industrials1.9%

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