Ricky Sandler Rolling Away from Men’s Wearhouse Inc (MW), Plus His Other Top Picks

Despite a 49% decrease Autodesk, Inc. (NASDAQ:ADSK) was the third largest equity position of Eminence Capital. The fund had 3.0 million shares with a value of $180.33 million representing 2.62% of the equity portfolio. Lone Pine Capital’s Stephen Mandel had the exact opposite stance on Autodesk, Inc. (NASDAQ:ADSK)’s future than what Sandler gave the company credit for. Mandel increased his stake in the company by a whopping 229%. The position, which formed 3.64% of his fund’s portfolio value, contained 14.46 million shares valued at $868.67 million at the end of the fourth quarter.

Autodesk, Inc. (NASDAQ:ADSK) is up nearly 6.6% on the back of strong financial results for the fourth quarter. An EPS of $0.25, which was $0.01 higher than expected and revenue of $664.60 million that beat estimates by $14.09 million kept the stock price rolling in the right direction. The stock is currently trading at a forward earnings multiple of 35.83.

Sandler also significantly reduced his stake in another one of his top holdings during the third quarter. The fund cut its stake in eBay Inc (NASDAQ:EBAY) by selling 1.48 million shares of the $70 billion market cap e-commerce company during the fourth quarter. At the end of the year the fund held 3.13 million shares worth $175.84 million. While the number of hedge funds invested in eBay Inc (NASDAQ:EBAY) decreased to 87 in the fourth quarter from 90 in the third, the amount of capital invested rose to $1.13 billion from $1.11 billion a quarter earlier. Out of the 59 billionaires that we track at Insider Monkey, 16 had taken long positions in eBay Inc (NASDAQ:EBAY) by the end of the year. eBay is set to spin-off its payment arm, PayPal this year.

GNC Holdings Inc (NYSE:GNC) occupied the fifth spot in Eminence’s 13F portfolio at the end of 2014. The fund owned 3.7 million shares valued at $174.98 million of the retailer of health and wellness products. Dinakar Singh‘s TPG-AXON Management LP also cut its stake in GNC Holdings Inc (NYSE:GNC) during the fourth quarter. The fund slashed its position by 38%, retaining 4.45 million shares valued at $208.85 million. The stock is up 2.17% year to date on the back of fourth-quarter EPS of $0.61, which beat estimates by $0.02. The  revenue of $607.16 million were also $7.79 million higher than what analysts anticipated.

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