WhaleCreep

Eminence Capital, LP 13F holdings, Q4 2018

Hedge fundSEC filingsCompare with another fundHoldings as of 2018-12-31, filed 2019-02-14

Eminence Capital, LP disclosed 44 US equity positions worth $5.1bn in its Q4 2018 13F filing. Its largest position is ICE at 6.9% of the reported book, followed by LIBERTY MEDIA CORP DEL and IQV. Versus Q3 2018 it opened 11 new positions, added to 9, reduced 20 and exited 7.

$5.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
44
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.9%
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 2018: 11 new, 9 added, 20 reduced, 7 exited

44 rows
ICE INTERCONTINENTAL EXCHANGE INFinancial Services6.9%$353m4.68m−3.5%reduced
LIBERTY MEDIA CORP DEL no ticker–5.6%$288m9.39m−11%reduced
IQV IQVIA HLDGS INCHealthcare5.3%$273m2.35m−35%reduced
BERYEUR BERRY GLOBAL GROUP INC–4.2%$217m4.56m−4.8%reduced
VMC VULCAN MATLS COBasic Materials3.9%$201m2.03m−33%reduced
USFD US FOODS HLDG CORPConsumer Defensive3.9%$198m6.26m−23%reduced
GOOG ALPHABET INCCommunication Services3.8%$194m187,804+29%added
QSR RESTAURANT BRANDS INTL INCConsumer Cyclical3.7%$191m3.66m+63%added
IMPERVA INC no ticker–3.4%$175m3.14m−0.2%held
CF CF Industries Holdings IncBasic Materials3.3%$170m3.92m−0.6%reduced
DHR DANAHER CORP DELHealthcare3.3%$170m1.64m+54%added
MSFT MICROSOFT CORPTechnology3.3%$169m1.66m−4.6%reduced
GPK GRAPHIC PACKAGING HLDG COConsumer Cyclical3.2%$164m15.41m–new
RCL ROYAL CARIBBEAN CRUISES LTDConsumer Cyclical3.1%$160m1.64m–new
INTERXION HOLDING N.V no ticker–3.0%$153m2.82m+1.4%added
LEN LENNAR CORPConsumer Cyclical2.9%$148m3.79m−56%reduced
ELLIE MAE INC no ticker–2.8%$145m2.31m+13%added
PYPL PAYPAL HLDGS INCFinancial Services2.6%$135m1.60m+248%added
EA ELECTRONIC ARTS INCCommunication Services2.6%$134m1.70m+68%added
TMO THERMO FISHER SCIENTIFIC INCHealthcare2.5%$128m571,295–new
WEN The Wendy's CoConsumer Cyclical2.4%$125m8.01m−34%reduced
HLT HILTON WORLDWIDE HLDGS INCConsumer Cyclical2.3%$120m1.67m−26%reduced
TTWO TAKE-TWO INTERACTIVE SOFTWARCommunication Services2.3%$116m1.13m+11%added
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical2.1%$110m802,046–new
NCLH NORWEGIAN CRUISE LINE HLDGSConsumer Cyclical1.8%$90.0m2.12m−32%reduced
SCHW SCHWAB CHARLES CORPFinancial Services1.5%$77.6m1.87m–new
ARCPEUR VEREIT INC–1.4%$73.8m10.32m−31%reduced
STZ CONSTELLATION BRANDS INCConsumer Defensive1.3%$68.5m426,000–new
EFX EQUIFAX INCIndustrials1.2%$63.8m685,000−46%reduced
GPI GROUP 1 AUTOMOTIVE INCConsumer Cyclical1.1%$58.9m1.12m−26%reduced
CNC CENTENE CORP DELHealthcare1.1%$56.2m487,470–new
AABAUSD ALTABA INC–1.0%$49.4m853,148−63%reduced
DHI D R HORTON INCConsumer Cyclical0.9%$47.0m1.36m–new
PANDORA MEDIA INC no ticker–0.9%$44.9m5.56m0.0%held
LVS LAS VEGAS SANDS CORPConsumer Cyclical0.9%$44.0m845,000–new
FIS FIDELITY NATL INFORMATION SVTechnology0.7%$36.9m360,000–new
SPGI S&P GLOBAL INCFinancial Services0.7%$36.0m212,000–new
FSCTEUR FORESCOUT TECHNOLOGIES INC–0.7%$34.6m1.33m−17%reduced
EQIX EQUINIX INCReal Estate0.6%$30.0m85,211+80%added
ABG ASBURY AUTOMOTIVE GROUP INCConsumer Cyclical0.5%$25.7m385,945−58%reduced
LIBERTY GLOBAL PLC no ticker–0.5%$24.1m1.13m0.0%held
SYMCEUR SYMANTEC CORP–0.4%$22.4m1.19m−78%reduced
MSTR STRATEGY INCTechnology0.2%$11.5m90,000−78%reduced
LEN/B LENNAR CORP–0.1%$5.3m169,4770.0%held

Exited since Q3 2018

7 rows
CSOD CORNERSTONE ONDEMAND INC2.4%$145m
PEGA PEGASYSTEMS INC1.6%$96.6m
CBRE CBRE GROUP INC1.5%$91.8m
CYBERARK SOFTWARE LTD no ticker1.1%$67.6m
BECNUSD BEACON ROOFING SUPPLY INC0.5%$30.2m
PTC PTC INC0.4%$22.3m
JAXUSD J ALEXANDERS HLDGS INC0.2%$13.5m

Sector mix

  • Consumer Cyclical25.0%
  • Unclassified24.0%
  • Healthcare12.2%
  • Financial Services11.7%
  • Communication Services8.7%
  • Basic Materials7.2%
  • Consumer Defensive5.2%
  • Technology4.2%
  • Industrials1.2%
  • Real Estate0.6%

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