WhaleCreep

Eminence Capital, LP 13F holdings, Q2 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-06-30, filed 2023-08-14

Eminence Capital, LP disclosed 62 US equity positions worth $5.6bn in its Q2 2023 13F filing. Its largest position is ASH at 5.6% of the reported book, followed by NEWREUR and UBER. Versus Q1 2023 it opened 8 new positions, added to 18, reduced 36 and exited 11.

$5.6bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
62
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.6%
Largest position
The largest single position as a share of the reported equity book.
33.0%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
44
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 Q1 2023: 8 new, 18 added, 36 reduced, 11 exited

50 of 62
ASH ASHLAND INCBasic Materials5.6%$314m3.62m−7.9%reduced
NEWREUR NEW RELIC INC–4.5%$249m3.81m+8.2%added
UBER UBER TECHNOLOGIES INCTechnology3.6%$201m4.67m−28%reduced
AMZN AMAZON COM INCConsumer Cyclical3.2%$179m1.38m−16%reduced
LPLA LPL FINL HLDGS INCFinancial Services3.1%$171m784,225+9.2%added
PINS PINTEREST INCCommunication Services2.8%$157m5.75m+2.8%added
LPX LOUISIANA PAC CORPIndustrials2.6%$143m1.91m–new
GPK GRAPHIC PACKAGING HLDG COConsumer Cyclical2.6%$142m5.92m+12%added
SCHW SCHWAB CHARLES CORPFinancial Services2.5%$139m2.46m+22%added
Z ZILLOW GROUP INCCommunication Services2.5%$139m2.76m−13%reduced
LIBERTY MEDIA CORP DEL no ticker–2.4%$136m1.80m−17%reduced
CCK CROWN HLDGS INCConsumer Cyclical2.3%$130m1.50m−7.0%reduced
KKR KKR & CO INCFinancial Services2.2%$125m2.23m−15%reduced
PFGC PERFORMANCE FOOD GROUP COConsumer Defensive2.2%$124m2.06m+4.5%added
SGI SOMNIGROUP INTERNATIONAL INCConsumer Cyclical2.2%$123m3.08m−4.4%reduced
CRM SALESFORCE INCTechnology2.2%$121m573,652−35%reduced
NVST ENVISTA HOLDINGS CORPORATIONHealthcare2.1%$118m3.49m+48%added
DFSEUR DISCOVER FINL SVCS–2.0%$110m944,766−30%reduced
CF CF Industries Holdings IncBasic Materials2.0%$110m1.58m+2.2%added
BLCO BAUSCH PLUS LOMB CORPHealthcare1.9%$108m5.37m−3.8%reduced
MLCO MELCO RESORTS AND ENTMNT LTDConsumer Cyclical1.9%$106m8.72m+10.0%added
OKTA OKTA INCTechnology1.9%$103m1.49m−0.6%reduced
FERGUSON PLC NEW no ticker–1.8%$103m652,865−22%reduced
MANCHESTER UTD PLC NEW no ticker–1.7%$96.6m3.96m+45%added
ETWOGBP E2OPEN PARENT HOLDINGS INC–1.7%$94.5m16.88m−7.7%reduced
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical1.7%$94.5m1.13m+87%added
SPB SPECTRUM BRANDS HLDGS INC NEConsumer Defensive1.7%$94.4m1.21m+222%added
FROG JFROG LTDTechnology1.6%$87.5m3.16m−23%reduced
MS MORGAN STANLEYFinancial Services1.6%$86.6m1.01m−9.5%reduced
RRR RED ROCK RESORTS INCConsumer Cyclical1.6%$86.5m1.85m−7.3%reduced
BIO BIO RAD LABS INCHealthcare1.5%$85.6m225,881+34%added
INTU INTUITTechnology1.5%$85.0m185,408−32%reduced
CTVA CORTEVA INCBasic Materials1.5%$84.6m1.48m−9.6%reduced
BERYEUR BERRY GLOBAL GROUP INC–1.5%$84.1m1.31m−48%reduced
SHW SHERWIN WILLIAMS COBasic Materials1.5%$83.0m312,582−21%reduced
WSC WILLSCOT HLDGS CORPIndustrials1.5%$82.4m1.72m−33%reduced
FMX FOMENTO ECONOMICO MEXICANO SConsumer Defensive1.4%$80.5m726,222−28%reduced
SMARGBP SMARTSHEET INC–1.4%$80.5m2.10m−22%reduced
TNDM TANDEM DIABETES CARE INCHealthcare1.4%$76.5m3.12m+26%added
LEN LENNAR CORPConsumer Cyclical1.3%$72.7m580,515−7.4%reduced
ELV ELEVANCE HEALTH INCHealthcare1.3%$72.2m162,396+33%added
PGR PROGRESSIVE CORPFinancial Services1.3%$71.4m539,744–new
ABG ASBURY AUTOMOTIVE GROUP INCConsumer Cyclical1.2%$67.0m278,668−1.7%reduced
GPI GROUP 1 AUTOMOTIVE INCConsumer Cyclical1.2%$65.7m254,732−26%reduced
PTON PELOTON INTERACTIVE INCConsumer Cyclical1.1%$59.0m7.68m+20%added
GDDY GODADDY INCTechnology1.0%$58.1m772,661−7.3%reduced
PLAY DAVE & BUSTERS ENTMT INCCommunication Services0.7%$37.5m842,655–new
KDP KEURIG DR PEPPER INCConsumer Defensive0.6%$33.9m1.08m–new
MSOS ADVISORSHARES TR–0.5%$29.9m5.39m+18%added
XPO XPO INCIndustrials0.5%$29.6m501,854–new

Exited since Q1 2023

11 rows
VRT VERTIV HOLDINGS CO1.9%$113m
AVTR AVANTOR INC1.9%$113m
S SENTINELONE INC0.7%$43.0m
CPRT COPART INC0.6%$36.3m
IFF INTERNATIONAL FLAVORS&FRAGRA0.5%$30.7m
WDAY WORKDAY INC0.4%$23.8m
DKNG DRAFTKINGS INC NEW0.3%$17.5m
AMC ENTMT HLDGS INC no ticker0.2%$13.8m
MSTR STRATEGY INC0.1%$7.3m
FBIN FORTUNE BRANDS INNOVATIONS I0.1%$6.2m
DOMA HOLDINGS INC no ticker0.08%$5.0m

Sector mix

  • Consumer Cyclical20.8%
  • Unclassified18.5%
  • Technology12.1%
  • Financial Services11.4%
  • Basic Materials10.6%
  • Healthcare9.9%
  • Communication Services6.2%
  • Consumer Defensive6.0%
  • Industrials4.6%

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