Investor Ricky Sandler’s Eminence Capital took new stakes in Tenet Healthcare (THC) and Synopsys (SNPS) in Q3 2025, while decreasing its position in SentinelOne (S) and UnitedHealth (UNH), among other moves.
The fund disclosed the information in its latest 13F filing for the three months ended September 30, 2025, published on Friday.
Eminence Capital picked up 1.1M shares in managed care player Tenet (THC) and 163.4K shares in U.S. silicon chip designer Synopsys (SNPS).
Other new stakes in the quarter include 433K class A shares in developer data platform MongoDB (MDB) and 1.1M shares in cruise line operator Norwegian Cruise Line (NCLH).
Turning to exits in Q3, Eminence Capital shed its position in Swiss packaging company Amcor (AMCR), IT service management platform Freshworks (FRSH), and flavors and specialty ingredients maker Sensient Technologies (SXT).
Looking at cuts, the fund trimmed its holdings in cybersecurity firm SentinelOne (S) by 69.7% to 2.1M class A shares and in health insurance giant UnitedHealth (UNH) by 31% to 397K shares.
Finally, among stake increases, the fund more than doubled its position in investment banking and capital markets firm Jefferies Financial (JEF) to 3.4M shares. It also raised its position in South Korean e-commerce company Coupang (CPNG) by 38% to 9.4M class A shares.
Eminence Capital was founded by Ricky Sandler in 1999 and today manages assets of about $7.8B. Sandler currently serves as top boss and chief investment officer at the fund.
More on 13F filings
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