Eminence Capital, LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Eminence Capital, LP reported 43 stock positions worth $6.8 billion. Its top holding was Amazon.com (AMZN) at 5.0% of the portfolio, followed by Gitlab Class A (GTLB, 4.8%) and Workiva (WK, 4.7%). Compared with Q2 2025, it opened 7 new positions, sold out of 9, added to 20 and reduced 16. The biggest buy was a new position in Tenet Healthcare (THC) and the biggest sale an exit from Installed Building Products (IBP).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001107310
- Portfolio Value
- $6.8B (Q3 2025)
- SEC Filing
- 0001107310-25-000003 ↗ filed Nov 14, 2025
Holdings Value
Holdings 43 stocks · $6.8B
| AMZN Amazon.com Inc. | 5.00% | 1,548,896 | $340.1M | Add +2.5% |
| GTLB Gitlab Inc. Class A | 4.78% | 7,207,729 | $324.9M | Add +15.9% |
| WK Workiva Inc. | 4.71% | 3,723,546 | $320.5M | Add +40.7% |
| CPNG Coupang Inc. | 4.47% | 9,434,385 | $303.8M | Add +38.0% |
| ATMU Atmus Filtration Technologie | 4.32% | 6,522,404 | $294.1M | Add +1.1% |
| LPX Louisiana-Pacific Corp. | 4.07% | 3,115,959 | $276.8M | Add +7.9% |
| SE Sea Ltd.-ADR | 3.89% | 1,478,815 | $264.3M | Reduce -4.5% |
| AMD Advanced Micro Devices | 3.55% | 1,493,555 | $241.6M | Add +5.5% |
| ABG Asbury Automotive Group | 3.49% | 972,405 | $237.7M | Reduce -3.0% |
| DKNG Draftkings Inc. Class A | 3.45% | 6,274,863 | $234.7M | Add +31.9% |
| THC Tenet Healthcare Corp. | 3.31% | 1,109,450 | $225.3M | New |
| JEF Jefferies Financial Group Inc. | 3.23% | 3,358,561 | $219.7M | Add +129.7% |
| PINS Pinterest Inc. Class A | 3.18% | 6,715,008 | $216.0M | Add +30.4% |
| FWONK Liberty Media Corp. Class C | 3.05% | 1,989,249 | $207.8M | Add +5.5% |
| CRM Salesforce Inc. | 2.89% | 830,536 | $196.8M | Add +5.6% |
| LPLA LPL Financial Holdings Inc. | 2.87% | 587,624 | $195.5M | Add +6.5% |
| Z Zillow Group Inc. Class C | 2.83% | 2,497,015 | $192.4M | Reduce -37.2% |
| PFGC Performance Food Group Co. | 2.52% | 1,649,104 | $171.6M | Reduce -26.7% |
| DT Dynatrace Inc. | 2.42% | 3,404,411 | $164.9M | Add +5.6% |
| BABA Alibaba Group Holding-SP ADR | 2.27% | 865,537 | $154.7M | Reduce -21.3% |
| FERG Ferguson Enterprises Inc. | 2.22% | 673,584 | $151.3M | Reduce -14.0% |
| GPK Graphic Packaging Holding Co. | 2.20% | 7,648,135 | $149.7M | Add +164.6% |
| RRR Red Rock Resorts Inc. Class A | 2.16% | 2,401,374 | $146.6M | Reduce -21.5% |
| UNH Unitedhealth Group Inc. | 2.02% | 397,046 | $137.1M | Reduce -31.0% |
| PTON Peloton Interactive Inc. Class A | 2.00% | 15,085,410 | $135.8M | Reduce -7.1% |
| MDB Mongodb Inc. | 1.98% | 433,045 | $134.4M | New |
| SGI Somnigroup International Inc. | 1.86% | 1,496,962 | $126.2M | Reduce -52.9% |
| LEN Lennar Corp. Class A | 1.84% | 993,224 | $125.2M | Reduce -32.3% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 1.77% | 1,339,669 | $120.2M | Add +13.3% |
| ELV Elevance Health Inc. | 1.74% | 366,789 | $118.5M | Add +52.1% |
| MGRC McGrath Rentcorp | 1.63% | 944,972 | $110.8M | Add +5.6% |
| FLUT Flutter Entertainment PLC-Di | 1.39% | 372,971 | $94.7M | Reduce -16.1% |
| WBD Warner Bros Discovery Inc. | 1.36% | 4,750,267 | $92.8M | Reduce -23.5% |
| SNPS Synopsys Inc. | 1.19% | 163,429 | $80.6M | New |
| CWH Camping World Holdings Inc. Class A | 0.92% | 3,964,763 | $62.6M | Reduce -4.1% |
| META Meta Platforms Inc. Class A | 0.63% | 58,578 | $43.0M | Add +5.6% |
| SYY Sysco Corp. | 0.63% | 522,395 | $43.0M | New |
| PLAY Dave & Buster's Entertainmen | 0.63% | 2,361,149 | $42.9M | Reduce -18.7% |
| S Sentinelone Inc. Class A | 0.55% | 2,139,099 | $37.7M | Reduce -69.7% |
| NCLH Norwegian Cruise Line Holdin | 0.40% | 1,097,841 | $27.0M | New |
| FLR Fluor Corp. | 0.25% | 405,147 | $17.0M | New |
| FND Floor & Decor Holdings Inc. Class A | 0.19% | 178,686 | $13.2M | Add +16.3% |
| STX Seagate Technology Holdings | 0.13% | 38,843 | $9.2M | New |
Options reported separately and not counted above: SPY puts ($1.4B), TSLA puts ($52.9M), OSCR puts ($16.9M).
Portfolio Sells Q2 2025 → Q3 2025
| IBP Installed Building Products | Sold out | 0.00% | −2.51 |
| AMCR Amcor PLC | Sold out | 0.00% | −1.92 |
| EVR Evercore Inc. Class A | Sold out | 0.00% | −1.78 |
| FRSH Freshworks Inc. Class A | Sold out | 0.00% | −1.61 |
| SXT Sensient Technologies Corp. | Sold out | 0.00% | −1.46 |
| OKTA Okta Inc. | Sold out | 0.00% | −1.44 |
| S Sentinelone Inc. Class A | Reduce -69.7% | 0.55% | −1.35 |
| SGI Somnigroup International Inc. | Reduce -52.9% | 1.86% | −1.33 |
| Z Zillow Group Inc. Class C | Reduce -37.2% | 2.83% | −1.28 |
| JHX James Hardie Ord | Sold out | 0.00% | −1.23 |
| PLAY Dave & Buster's Entertainmen | Reduce -18.7% | 0.63% | −0.66 |
| UNH Unitedhealth Group Inc. | Reduce -31.0% | 2.02% | −0.63 |
| LEN Lennar Corp. Class A | Reduce -32.3% | 1.84% | −0.55 |
| FLUT Flutter Entertainment PLC-Di | Reduce -16.1% | 1.39% | −0.48 |
| PFGC Performance Food Group Co. | Reduce -26.7% | 2.52% | −0.38 |
| FRPT Freshpet Inc. | Sold out | 0.00% | −0.34 |
| FERG Ferguson Enterprises Inc. | Reduce -14.0% | 2.22% | −0.29 |
| MTN Vail Resorts Inc. | Sold out | 0.00% | −0.21 |
| RRR Red Rock Resorts Inc. Class A | Reduce -21.5% | 2.16% | −0.19 |
| CWH Camping World Holdings Inc. Class A | Reduce -4.1% | 0.92% | −0.13 |
| ABG Asbury Automotive Group | Reduce -3.0% | 3.49% | −0.03 |
| SE Sea Ltd.-ADR | Reduce -4.5% | 3.89% | +0.24 |
| WBD Warner Bros Discovery Inc. | Reduce -23.5% | 1.36% | +0.32 |
| PTON Peloton Interactive Inc. Class A | Reduce -7.1% | 2.00% | +0.34 |
| BABA Alibaba Group Holding-SP ADR | Reduce -21.3% | 2.27% | +0.44 |
Portfolio Buys Q2 2025 → Q3 2025
| THC Tenet Healthcare Corp. | New | 3.31% | +3.31 |
| JEF Jefferies Financial Group Inc. | Add +129.7% | 3.23% | +2.05 |
| WK Workiva Inc. | Add +40.7% | 4.71% | +2.04 |
| MDB Mongodb Inc. | New | 1.98% | +1.98 |
| CPNG Coupang Inc. | Add +38.0% | 4.47% | +1.45 |
| GPK Graphic Packaging Holding Co. | Add +164.6% | 2.20% | +1.30 |
| SNPS Synopsys Inc. | New | 1.19% | +1.19 |
| ATMU Atmus Filtration Technologie | Add +1.1% | 4.32% | +0.86 |
| GTLB Gitlab Inc. Class A | Add +15.9% | 4.78% | +0.64 |
| SYY Sysco Corp. | New | 0.63% | +0.63 |
| AMD Advanced Micro Devices | Add +5.5% | 3.55% | +0.59 |
| PINS Pinterest Inc. Class A | Add +30.4% | 3.18% | +0.45 |
| DKNG Draftkings Inc. Class A | Add +31.9% | 3.45% | +0.44 |
| LPX Louisiana-Pacific Corp. | Add +7.9% | 4.07% | +0.41 |
| NCLH Norwegian Cruise Line Holdin | New | 0.40% | +0.40 |
| ELV Elevance Health Inc. | Add +52.1% | 1.74% | +0.36 |
| FLR Fluor Corp. | New | 0.25% | +0.25 |
| CF CF Industries Holdings Inc. | Add +13.3% | 1.77% | +0.16 |
| FWONK Liberty Media Corp. Class C | Add +5.5% | 3.05% | +0.15 |
| STX Seagate Technology Holdings | New | 0.13% | +0.13 |
| AMZN Amazon.com Inc. | Add +2.5% | 5.00% | +0.11 |
| MGRC McGrath Rentcorp | Add +5.6% | 1.63% | +0.10 |
| META Meta Platforms Inc. Class A | Add +5.6% | 0.63% | +0.03 |
| FND Floor & Decor Holdings Inc. Class A | Add +16.3% | 0.19% | +0.02 |
| LPLA LPL Financial Holdings Inc. | Add +6.5% | 2.87% | −0.17 |
| DT Dynatrace Inc. | Add +5.6% | 2.42% | −0.20 |
| CRM Salesforce Inc. | Add +5.6% | 2.89% | −0.27 |
Options Activity Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -7.6% | 2,065,000 | $1.4B |
| TSLA Tesla Inc. | put | Reduce -72.7% | 118,900 | $52.9M |
| OSCR Oscar Health Inc. Class A | put | New | 894,900 | $16.9M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 0 | $0 | |
| Q1 2026 | 33 | $4.4B | SE, AMZN, PFGC, CPNG, AMD |
| Q4 2025 | 39 | $6.3B | AMZN, SE, LPX, WK, CPNG |
| Q3 2025 | 43 | $6.8B | AMZN, GTLB, WK, CPNG, ATMU |
| Q2 2025 | 45 | $6.8B | AMZN, GTLB, Z, LPX, SE |
| Q1 2025 | 47 | $6.0B | SE, OKTA, PRMB, ELV, ATMU |
| Q4 2024 | 52 | $6.5B | SE, PFGC, Z, ELV, ASH |
| Q3 2024 | 49 | $6.6B | SE, LPLA, Z, SMAR, ASH |
| Q2 2024 | 56 | $6.2B | SE, ASH, FWONK, AMZN, Z |
| Q1 2024 | 56 | $5.5B | ASH, CTVA, GPK, LPLA, LPX |