WhaleCreep

Eminence Capital, LP 13F holdings, Q1 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-03-31, filed 2023-05-15

Eminence Capital, LP disclosed 65 US equity positions worth $5.9bn in its Q1 2023 13F filing. Its largest position is ASH at 6.8% of the reported book, followed by NEWREUR and UBER. Versus Q4 2022 it opened 14 new positions, added to 32, reduced 15 and exited 13.

$5.9bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
65
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.8%
Largest position
The largest single position as a share of the reported equity book.
33.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
42
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 2022: 14 new, 32 added, 15 reduced, 13 exited

50 of 65
ASH ASHLAND INCBasic Materials6.8%$403m3.93m−3.8%reduced
NEWREUR NEW RELIC INC–4.5%$265m3.52m−31%reduced
UBER UBER TECHNOLOGIES INCTechnology3.5%$206m6.51m+2.4%added
CRM SALESFORCE INCTechnology3.0%$176m883,155−21%reduced
AMZN AMAZON COM INCConsumer Cyclical2.8%$168m1.63m+24%added
LIBERTY MEDIA CORP DEL no ticker–2.7%$162m2.17m+1.0%added
PINS PINTEREST INCCommunication Services2.6%$153m5.59m+28%added
BERYEUR BERRY GLOBAL GROUP INC–2.5%$149m2.53m+6.6%added
LPLA LPL FINL HLDGS INCFinancial Services2.5%$145m718,119+64%added
Z ZILLOW GROUP INCCommunication Services2.4%$141m3.17m+0.2%held
KKR KKR & CO INCFinancial Services2.3%$138m2.62m–new
GPK GRAPHIC PACKAGING HLDG COConsumer Cyclical2.3%$135m5.29m+36%added
DFSEUR DISCOVER FINL SVCS–2.3%$134m1.35m+30%added
CCK CROWN HLDGS INCConsumer Cyclical2.2%$133m1.61m+25%added
OKTA OKTA INCTechnology2.2%$129m1.49m+13%added
SMARGBP SMARTSHEET INC–2.2%$128m2.69m−14%reduced
SGI SOMNIGROUP INTERNATIONAL INCConsumer Cyclical2.1%$127m3.22m−17%reduced
INTU INTUITTechnology2.0%$121m271,692+1.0%added
WSC WILLSCOT HLDGS CORPIndustrials2.0%$120m2.57m+3.1%added
PFGC PERFORMANCE FOOD GROUP COConsumer Defensive2.0%$119m1.97m+48%added
VRT VERTIV HOLDINGS COIndustrials1.9%$113m7.93m−15%reduced
AVTR AVANTOR INCHealthcare1.9%$113m5.35m+22%added
FERGUSON PLC NEW no ticker–1.9%$113m841,299−39%reduced
CF CF Industries Holdings IncBasic Materials1.9%$112m1.55m+133%added
ETWOGBP E2OPEN PARENT HOLDINGS INC–1.8%$106m18.29m+7.8%added
SCHW SCHWAB CHARLES CORPFinancial Services1.8%$106m2.02m–new
MLCO MELCO RESORTS AND ENTMNT LTDConsumer Cyclical1.7%$101m7.93m+19%added
TNDM TANDEM DIABETES CARE INCHealthcare1.7%$100m2.47m−11%reduced
MS MORGAN STANLEYFinancial Services1.7%$98.5m1.12m−15%reduced
CTVA CORTEVA INCBasic Materials1.7%$98.4m1.63m+27%added
BLCO BAUSCH PLUS LOMB CORPHealthcare1.6%$97.1m5.58m+33%added
NVST ENVISTA HOLDINGS CORPORATIONHealthcare1.6%$96.6m2.36m–new
FMX FOMENTO ECONOMICO MEXICANO SConsumer Defensive1.6%$95.8m1.01m–new
RRR RED ROCK RESORTS INCConsumer Cyclical1.5%$88.9m1.99m+25%added
SHW SHERWIN WILLIAMS COBasic Materials1.5%$88.6m394,081–new
FROG JFROG LTDTechnology1.4%$80.6m4.09m+66%added
BIO BIO RAD LABS INCHealthcare1.4%$80.5m168,015–new
GPI GROUP 1 AUTOMOTIVE INCConsumer Cyclical1.3%$77.6m342,814+23%added
PTON PELOTON INTERACTIVE INCConsumer Cyclical1.2%$72.4m6.39m+25%added
LEN LENNAR CORPConsumer Cyclical1.1%$65.9m627,102−32%reduced
GDDY GODADDY INCTechnology1.1%$64.8m833,830−14%reduced
NTRA NATERA INCHealthcare1.1%$62.8m1.13m0.0%held
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical1.0%$61.9m606,248–new
MANCHESTER UTD PLC NEW no ticker–1.0%$60.6m2.74m+283%added
ABG ASBURY AUTOMOTIVE GROUP INCConsumer Cyclical1.0%$59.5m283,410−23%reduced
ELV ELEVANCE HEALTH INCHealthcare0.9%$56.1m122,073–new
S SENTINELONE INCTechnology0.7%$43.0m2.63m–new
CPRT COPART INCIndustrials0.6%$36.3m483,285+1.0%added
IFF INTERNATIONAL FLAVORS&FRAGRABasic Materials0.5%$30.7m333,318–new
CAREMAX INC no ticker–0.5%$28.6m10.70m+2.3%added

Exited since Q4 2022

13 rows
CTLTEUR CATALENT INC2.1%$115m
LIVN LIVANOVA PLC1.8%$96.5m
NICE NICE LTD1.7%$93.3m
META META PLATFORMS INC1.6%$88.2m
CNC CENTENE CORP DEL1.5%$82.0m
OSH3USD OAK STR HEALTH INC1.4%$77.2m
EA ELECTRONIC ARTS INC1.4%$74.1m
ENOV ENOVIS CORPORATION1.3%$71.7m
SSNC SS&C TECHNOLOGIES HLDGS INC1.2%$67.1m
IQV IQVIA HLDGS INC0.8%$45.0m
RBAGBP RITCHIE BROS AUCTIONEERS0.8%$41.0m
COUPEUR COUPA SOFTWARE INC0.6%$30.8m
BX BLACKSTONE INC0.3%$17.8m

Sector mix

  • Unclassified20.3%
  • Consumer Cyclical19.1%
  • Technology14.8%
  • Basic Materials12.4%
  • Healthcare10.7%
  • Financial Services8.9%
  • Communication Services5.1%
  • Industrials4.7%
  • Consumer Defensive4.0%

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