Eminence Capital, LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Eminence Capital, LP reported 39 stock positions worth $6.3 billion. Its top holding was Amazon.com (AMZN) at 5.4% of the portfolio, followed by Sea Ltd.-ADR (SE, 5.3%) and Louisiana-Pacific (LPX, 5.2%). Compared with Q3 2025, it opened 3 new positions, sold out of 7, added to 17 and reduced 19. The biggest buy was a new position in Valvoline (VVV) and the biggest sale an exit from Lennar Class A (LEN).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001107310
- Portfolio Value
- $6.3B (Q4 2025)
- SEC Filing
- 0001107310-26-000001 ↗ filed Feb 17, 2026
Holdings Value
Holdings 39 stocks · $6.3B
| AMZN Amazon.com Inc. | 5.39% | 1,475,615 | $340.6M | Reduce -4.7% |
| SE Sea Ltd.-ADR | 5.33% | 2,641,640 | $337.0M | Add +78.6% |
| LPX Louisiana-Pacific Corp. | 5.17% | 4,048,136 | $326.9M | Add +29.9% |
| WK Workiva Inc. | 5.05% | 3,706,152 | $319.7M | Reduce -0.5% |
| CPNG Coupang Inc. | 4.72% | 12,644,042 | $298.3M | Add +34.0% |
| DKNG Draftkings Inc. Class A | 4.59% | 8,426,755 | $290.4M | Add +34.3% |
| GTLB Gitlab Inc. Class A | 4.57% | 7,702,226 | $289.1M | Add +6.9% |
| CRM Salesforce Inc. | 4.37% | 1,042,521 | $276.2M | Add +25.5% |
| PFGC Performance Food Group Co. | 3.76% | 2,647,353 | $238.0M | Add +60.5% |
| JEF Jefferies Financial Group Inc. | 3.74% | 3,812,615 | $236.3M | Add +13.5% |
| ABG Asbury Automotive Group | 3.41% | 926,392 | $215.4M | Reduce -4.7% |
| AMD Advanced Micro Devices | 3.28% | 968,441 | $207.4M | Reduce -35.2% |
| ATMU Atmus Filtration Technologie | 3.14% | 3,825,346 | $198.6M | Reduce -41.4% |
| DT Dynatrace Inc. | 3.10% | 4,527,266 | $196.2M | Add +33.0% |
| GPK Graphic Packaging Holding Co. | 3.05% | 12,811,941 | $192.9M | Add +67.5% |
| FWONK Liberty Media Corp. Class C | 2.95% | 1,895,152 | $186.7M | Reduce -4.7% |
| ELV Elevance Health Inc. | 2.70% | 487,147 | $170.8M | Add +32.8% |
| LPLA LPL Financial Holdings Inc. | 2.50% | 441,845 | $157.8M | Reduce -24.8% |
| Z Zillow Group Inc. Class C | 2.26% | 2,093,890 | $142.8M | Reduce -16.1% |
| UNH Unitedhealth Group Inc. | 1.97% | 378,260 | $124.9M | Reduce -4.7% |
| VVV Valvoline Inc. | 1.94% | 4,212,293 | $122.4M | New |
| THC Tenet Healthcare Corp. | 1.93% | 613,961 | $122.0M | Reduce -44.7% |
| BABA Alibaba Group Holding-SP ADR | 1.91% | 825,761 | $121.0M | Reduce -4.6% |
| PINS Pinterest Inc. Class A | 1.86% | 4,539,453 | $117.5M | Reduce -32.4% |
| SNPS Synopsys Inc. | 1.85% | 249,247 | $117.1M | Add +52.5% |
| PTON Peloton Interactive Inc. Class A | 1.77% | 18,154,907 | $111.8M | Add +20.4% |
| FERG Ferguson Enterprises Inc. | 1.76% | 499,807 | $111.3M | Reduce -25.8% |
| RRR Red Rock Resorts Inc. Class A | 1.58% | 1,614,183 | $100.0M | Reduce -32.8% |
| MGRC McGrath Rentcorp | 1.58% | 949,673 | $99.6M | Add +0.5% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 1.56% | 1,276,307 | $98.7M | Reduce -4.7% |
| UNP Union Pacific Corp. | 1.29% | 351,839 | $81.4M | New |
| SYY Sysco Corp. | 1.05% | 897,277 | $66.1M | Add +71.8% |
| MDB Mongodb Inc. | 1.03% | 155,822 | $65.4M | Reduce -64.0% |
| MDLN Medline Inc. Class A | 1.00% | 1,505,000 | $63.2M | New |
| CWH Camping World Holdings Inc. Class A | 0.89% | 5,779,805 | $56.2M | Add +45.8% |
| META Meta Platforms Inc. Class A | 0.65% | 62,250 | $41.1M | Add +6.3% |
| PLAY Dave & Buster's Entertainmen | 0.60% | 2,346,038 | $38.0M | Reduce -0.6% |
| SGI Somnigroup International Inc. | 0.44% | 313,755 | $28.0M | Reduce -79.0% |
| FLUT Flutter Entertainment PLC-Di | 0.27% | 79,151 | $17.0M | Reduce -78.8% |
Portfolio Sells Q3 2025 → Q4 2025
| LEN Lennar Corp. Class A | Sold out | 0.00% | −1.84 |
| SGI Somnigroup International Inc. | Reduce -79.0% | 0.44% | −1.41 |
| THC Tenet Healthcare Corp. | Reduce -44.7% | 1.93% | −1.38 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −1.36 |
| PINS Pinterest Inc. Class A | Reduce -32.4% | 1.86% | −1.32 |
| ATMU Atmus Filtration Technologie | Reduce -41.4% | 3.14% | −1.18 |
| FLUT Flutter Entertainment PLC-Di | Reduce -78.8% | 0.27% | −1.12 |
| MDB Mongodb Inc. | Reduce -64.0% | 1.03% | −0.94 |
| RRR Red Rock Resorts Inc. Class A | Reduce -32.8% | 1.58% | −0.57 |
| Z Zillow Group Inc. Class C | Reduce -16.1% | 2.26% | −0.57 |
| S Sentinelone Inc. Class A | Sold out | 0.00% | −0.55 |
| FERG Ferguson Enterprises Inc. | Reduce -25.8% | 1.76% | −0.46 |
| NCLH Norwegian Cruise Line Holdin | Sold out | 0.00% | −0.40 |
| LPLA LPL Financial Holdings Inc. | Reduce -24.8% | 2.50% | −0.38 |
| BABA Alibaba Group Holding-SP ADR | Reduce -4.6% | 1.91% | −0.36 |
| AMD Advanced Micro Devices | Reduce -35.2% | 3.28% | −0.27 |
| FLR Fluor Corp. | Sold out | 0.00% | −0.25 |
| CF CF Industries Holdings Inc. | Reduce -4.7% | 1.56% | −0.21 |
| FND Floor & Decor Holdings Inc. Class A | Sold out | 0.00% | −0.19 |
| STX Seagate Technology Holdings | Sold out | 0.00% | −0.13 |
| FWONK Liberty Media Corp. Class C | Reduce -4.7% | 2.95% | −0.10 |
| ABG Asbury Automotive Group | Reduce -4.7% | 3.41% | −0.09 |
| UNH Unitedhealth Group Inc. | Reduce -4.7% | 1.97% | −0.04 |
| PLAY Dave & Buster's Entertainmen | Reduce -0.6% | 0.60% | −0.03 |
| WK Workiva Inc. | Reduce -0.5% | 5.05% | +0.34 |
| AMZN Amazon.com Inc. | Reduce -4.7% | 5.39% | +0.39 |
Portfolio Buys Q3 2025 → Q4 2025
| VVV Valvoline Inc. | New | 1.94% | +1.94 |
| CRM Salesforce Inc. | Add +25.5% | 4.37% | +1.47 |
| SE Sea Ltd.-ADR | Add +78.6% | 5.33% | +1.44 |
| UNP Union Pacific Corp. | New | 1.29% | +1.29 |
| PFGC Performance Food Group Co. | Add +60.5% | 3.76% | +1.24 |
| DKNG Draftkings Inc. Class A | Add +34.3% | 4.59% | +1.14 |
| LPX Louisiana-Pacific Corp. | Add +29.9% | 5.17% | +1.10 |
| MDLN Medline Inc. Class A | New | 1.00% | +1.00 |
| ELV Elevance Health Inc. | Add +32.8% | 2.70% | +0.96 |
| GPK Graphic Packaging Holding Co. | Add +67.5% | 3.05% | +0.85 |
| DT Dynatrace Inc. | Add +33.0% | 3.10% | +0.68 |
| SNPS Synopsys Inc. | Add +52.5% | 1.85% | +0.67 |
| JEF Jefferies Financial Group Inc. | Add +13.5% | 3.74% | +0.51 |
| SYY Sysco Corp. | Add +71.8% | 1.05% | +0.41 |
| CPNG Coupang Inc. | Add +34.0% | 4.72% | +0.25 |
| META Meta Platforms Inc. Class A | Add +6.3% | 0.65% | +0.02 |
| CWH Camping World Holdings Inc. Class A | Add +45.8% | 0.89% | −0.03 |
| MGRC McGrath Rentcorp | Add +0.5% | 1.58% | −0.05 |
| GTLB Gitlab Inc. Class A | Add +6.9% | 4.57% | −0.21 |
| PTON Peloton Interactive Inc. Class A | Add +20.4% | 1.77% | −0.23 |
Options Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 2,065,000 | $1.4Bbefore exit |
| TSLA Tesla Inc. | put | Sold out | 118,900 | $52.9Mbefore exit |
| OSCR Oscar Health Inc. Class A | put | Sold out | 894,900 | $16.9Mbefore exit |
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 |