WhaleCreep

Eminence Capital, LP 13F holdings, Q4 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-12-31, filed 2024-02-14

Eminence Capital, LP disclosed 55 US equity positions worth $5.1bn in its Q4 2023 13F filing. Its largest position is ASH at 5.8% of the reported book, followed by GPK and LPLA. Versus Q3 2023 it opened 7 new positions, added to 20, reduced 19 and exited 12.

$5.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
55
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.8%
Largest position
The largest single position as a share of the reported equity book.
35.5%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
39
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 2023: 7 new, 20 added, 19 reduced, 12 exited

50 of 55
ASH ASHLAND INCBasic Materials5.8%$296m3.52m+0.1%held
GPK GRAPHIC PACKAGING HLDG COConsumer Cyclical3.8%$196m7.96m+5.7%added
LPLA LPL FINL HLDGS INCFinancial Services3.6%$182m799,757+14%added
CTVA CORTEVA INCBasic Materials3.6%$182m3.80m+73%added
OKTA OKTA INCTechnology3.4%$173m1.91m+19%added
PLAY DAVE & BUSTERS ENTMT INCCommunication Services3.4%$172m3.19m−12%reduced
LLYVK LIBERTY MEDIA CORP DELCommunication Services3.1%$161m2.55m+22%added
PINS PINTEREST INCCommunication Services3.0%$153m4.14m−15%reduced
TNDM TANDEM DIABETES CARE INCHealthcare3.0%$153m5.17m−5.8%reduced
CF CF Industries Holdings IncBasic Materials3.0%$152m1.91m+24%added
SMARGBP SMARTSHEET INC–3.0%$152m3.17m−4.7%reduced
S SENTINELONE INCTechnology2.9%$149m5.43m+90%added
UBER UBER TECHNOLOGIES INCTechnology2.9%$147m2.39m−41%reduced
LPX LOUISIANA PAC CORPIndustrials2.8%$146m2.06m+31%added
PFGC PERFORMANCE FOOD GROUP COConsumer Defensive2.7%$138m1.99m−0.4%held
CRM SALESFORCE INCTechnology2.5%$129m489,400−8.9%reduced
RRR RED ROCK RESORTS INCConsumer Cyclical2.5%$127m2.37m+21%added
AMZN AMAZON COM INCConsumer Cyclical2.3%$119m782,941−35%reduced
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical2.3%$118m1.52m+30%added
SCHW SCHWAB CHARLES CORPFinancial Services2.3%$116m1.69m−42%reduced
DFSEUR DISCOVER FINL SVCS–2.2%$110m981,555−27%reduced
AMD ADVANCED MICRO DEVICES INCTechnology2.0%$105m711,486–new
MLCO MELCO RESORTS AND ENTMNT LTDConsumer Cyclical2.0%$103m11.56m+29%added
MANCHESTER UTD PLC NEW no ticker–1.9%$99.3m4.87m+15%added
CCK CROWN HLDGS INCConsumer Cyclical1.8%$92.7m1.01m+5.0%added
LEN LENNAR CORPConsumer Cyclical1.8%$91.3m612,298−24%reduced
CBRE CBRE GROUP INCReal Estate1.8%$90.6m973,048+58%added
Z ZILLOW GROUP INCCommunication Services1.8%$90.1m1.56m−50%reduced
SGI SOMNIGROUP INTERNATIONAL INCConsumer Cyclical1.7%$88.7m1.74m−31%reduced
FERGUSON PLC NEW no ticker–1.7%$86.9m449,956−14%reduced
SIG SIGNET JEWELERS LIMITEDConsumer Cyclical1.6%$81.5m759,439+33%added
INTU INTUITTechnology1.5%$78.3m125,290−23%reduced
ELV ELEVANCE HEALTH INCHealthcare1.5%$78.2m165,901+0.1%held
KKR KKR & CO INCFinancial Services1.4%$73.9m891,916−59%reduced
ABG ASBURY AUTOMOTIVE GROUP INCConsumer Cyclical1.4%$73.8m328,093+27%added
PGR PROGRESSIVE CORPFinancial Services1.4%$70.1m439,848−33%reduced
SE SEA LTDConsumer Cyclical1.2%$60.7m1.50m–new
GPI GROUP 1 AUTOMOTIVE INCConsumer Cyclical1.0%$50.2m164,681−21%reduced
SHW SHERWIN WILLIAMS COBasic Materials1.0%$49.0m157,237−32%reduced
SENSATA TECHNOLOGIES HLDG PL no ticker–0.9%$46.8m1.25m–new
MSOS ADVISORSHARES TR–0.9%$45.5m6.50m+8.2%added
AN AUTONATION INCConsumer Cyclical0.8%$39.3m261,940+84%added
BERYEUR BERRY GLOBAL GROUP INC–0.7%$37.9m562,154+12%added
CWH CAMPING WORLD HLDGS INCConsumer Cyclical0.7%$37.5m1.43m–new
WIX WIX COM LTDTechnology0.6%$30.0m243,893+0.1%held
HLN HALEON PLCHealthcare0.5%$27.7m3.36m−0.1%held
MA MASTERCARD INCFinancial Services0.5%$25.8m60,4310.0%held
GDDY GODADDY INCTechnology0.5%$23.5m221,336+0.1%held
CPT CAMDEN PPTY TRReal Estate0.4%$18.7m188,708–new
WYNN WYNN RESORTS LTDConsumer Cyclical0.3%$15.1m165,615–new

Exited since Q3 2023

12 rows
BLCO BAUSCH PLUS LOMB CORP2.0%$102m
MASI* MASIMO CORP1.8%$90.9m
XPO XPO INC1.8%$88.9m
WSC WILLSCOT HLDGS CORP1.7%$84.8m
MS MORGAN STANLEY1.6%$80.5m
ETWOGBP E2OPEN PARENT HOLDINGS INC1.6%$79.1m
FMX FOMENTO ECONOMICO MEXICANO S1.3%$66.7m
PTON PELOTON INTERACTIVE INC0.7%$36.7m
SPB SPECTRUM BRANDS HLDGS INC NE0.4%$20.5m
AXP AMERICAN EXPRESS CO0.3%$14.2m
KDP KEURIG DR PEPPER INC0.2%$8.3m
PLNT PLANET FITNESS INC0.10%$4.9m

Sector mix

  • Consumer Cyclical25.2%
  • Technology16.6%
  • Basic Materials13.3%
  • Unclassified11.7%
  • Communication Services11.4%
  • Financial Services9.1%
  • Healthcare5.1%
  • Industrials2.8%
  • Consumer Defensive2.7%
  • Real Estate2.1%

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