EMINENCE CAPITAL, LP — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, EMINENCE CAPITAL, LP initiated 8 new positions, increased allocation to 10 existing positions, trimmed 5 positions, and exited 14 positions entirely. The fund's 13F equity book declined from $6.32B to $4.36B (-31.0% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $6.32BPrior quarter
- $4.36BCurrent quarter
- $-1.96BNet delta
- -31.0%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Allocation Weight | History |
|---|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | 3.27% | Holders → |
| DANAHER CORP DEL | DHR | 2.44% | Holders → |
| VAIL RESORTS INC | MTN | 2.10% | Holders → |
| AON PLC | AON | 1.32% | Holders → |
| MARSH & MCLENNAN COS INC | MRSH | 1.27% | Holders → |
| LAUDER ESTEE COS INC | EL | 1.15% | Holders → |
| MONDAY COM LTD | MNDY | 0.39% | Holders → |
| UNITY SOFTWARE INC | U | 0.36% | Holders → |
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| FLUTTER ENTMT PLC | FLUT | +0.86% | +511.36% | Holders → |
| SOMNIGROUP INTERNATIONAL INC | SGI | +2.12% | +382.22% | Holders → |
| SYNOPSYS, INC. | SNPS | +2.23% | +80.23% | History → |
| ZILLOW GROUP INC | Z | +1.01% | +64.55% | Holders → |
| SEA LTD., CLASS A, ADR | SE | +2.39% | +53.91% | History → |
| MEDLINE INC | MDLN | +1.33% | +51.44% | Holders → |
| PERFORMANCE FOOD GROUP CO | PFGC | +3.54% | +40.50% | History → |
| FERGUSON ENTERPRISES INC | FERG | +1.69% | +29.21% | Holders → |
| TENET HEALTHCARE CORP | THC | +1.49% | +28.72% | Holders → |
| COUPANG INC | CPNG | +2.00% | +22.67% | History → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| RED ROCK RESORTS INC | RRR | -1.07% | -74.32% | Holders → |
| ATMUS FILTRATION TECHNOLOGIES | ATMU | -1.47% | -66.49% | Holders → |
| LOUISIANA PAC CORP | LPX | -0.94% | -37.42% | History → |
| WORKIVA INC | WK | -1.61% | -32.01% | Holders → |
| MCGRATH RENTCORP | MGRC | 0.46% | -15.15% | Holders → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| DRAFTKINGS INC NEW | DKNG | 4.59% |
| GITLAB INC | GTLB | 4.57% |
| SALESFORCE INC | CRM | 4.37% |
| JEFFERIES FINANCIAL GROUP IN | JEF | 3.74% |
| GRAPHIC PACKAGING HLDG CO | GPK | 3.05% |
| ELEVANCE HEALTH INC FORMERLY | ELV | 2.70% |
| LPL FINL HLDGS INC | LPLA | 2.50% |
| UNITEDHEALTH GROUP INC | UNH | 1.97% |
| PINTEREST, INC., CLASS A | PINS | 1.86% |
| PELOTON INTERACTIVE INC | PTON | 1.77% |
| CF INDUSTRIES HOLDINGS INC | CF | 1.56% |
| UNION PACIFIC CORP (UNP) | UNP | 1.29% |
| SYSCO CORP | SYY | 1.05% |
| META PLATFORMS INC | META | 0.65% |
Methodology & FAQ
How EMINENCE CAPITAL, LP Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for EMINENCE CAPITAL, LP against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did EMINENCE CAPITAL, LP initiate in Q1 2026?
EMINENCE CAPITAL, LP established 8 new positions in Q1 2026: TAIWAN SEMICONDUCTOR MANUFAC (TSM, 3.27%), DANAHER CORP DEL (DHR, 2.44%), VAIL RESORTS INC (MTN, 2.10%), AON PLC (AON, 1.32%), MARSH & MCLENNAN COS INC (MRSH, 1.27%), LAUDER ESTEE COS INC (EL, 1.15%), MONDAY COM LTD (MNDY, 0.39%), UNITY SOFTWARE INC (U, 0.36%).
Which existing positions saw the largest allocation increases for EMINENCE CAPITAL, LP in Q1 2026?
The largest portfolio-weight increases in existing positions were: FLUTTER ENTMT PLC (FLUT, +0.86% weight, +511.36% shares), SOMNIGROUP INTERNATIONAL INC (SGI, +2.12% weight, +382.22% shares), SYNOPSYS, INC. (SNPS, +2.23% weight, +80.23% shares), ZILLOW GROUP INC (Z, +1.01% weight, +64.55% shares), SEA LTD., CLASS A, ADR (SE, +2.39% weight, +53.91% shares), MEDLINE INC (MDLN, +1.33% weight, +51.44% shares), PERFORMANCE FOOD GROUP CO (PFGC, +3.54% weight, +40.50% shares), FERGUSON ENTERPRISES INC (FERG, +1.69% weight, +29.21% shares), TENET HEALTHCARE CORP (THC, +1.49% weight, +28.72% shares), COUPANG INC (CPNG, +2.00% weight, +22.67% shares).
Which positions did EMINENCE CAPITAL, LP fully exit in Q1 2026?
EMINENCE CAPITAL, LP fully exited 14 positions in Q1 2026: DRAFTKINGS INC NEW (DKNG, last-reported weight 4.59%), GITLAB INC (GTLB, last-reported weight 4.57%), SALESFORCE INC (CRM, last-reported weight 4.37%), JEFFERIES FINANCIAL GROUP IN (JEF, last-reported weight 3.74%), GRAPHIC PACKAGING HLDG CO (GPK, last-reported weight 3.05%), ELEVANCE HEALTH INC FORMERLY (ELV, last-reported weight 2.70%), LPL FINL HLDGS INC (LPLA, last-reported weight 2.50%), UNITEDHEALTH GROUP INC (UNH, last-reported weight 1.97%), PINTEREST, INC., CLASS A (PINS, last-reported weight 1.86%), PELOTON INTERACTIVE INC (PTON, last-reported weight 1.77%), CF INDUSTRIES HOLDINGS INC (CF, last-reported weight 1.56%), UNION PACIFIC CORP (UNP) (UNP, last-reported weight 1.29%), SYSCO CORP (SYY, last-reported weight 1.05%), META PLATFORMS INC (META, last-reported weight 0.65%).
Which existing positions saw the largest allocation reductions for EMINENCE CAPITAL, LP in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: RED ROCK RESORTS INC (RRR, -1.07% weight, -74.32% shares), ATMUS FILTRATION TECHNOLOGIES (ATMU, -1.47% weight, -66.49% shares), LOUISIANA PAC CORP (LPX, -0.94% weight, -37.42% shares), WORKIVA INC (WK, -1.61% weight, -32.01% shares), MCGRATH RENTCORP (MGRC, 0.46% weight, -15.15% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity.