Ricky Sandler's Eminence Capital Buys More MicroStrategy (MSTR) ~ market folly

Thursday, June 14, 2012

Ricky Sandler's Eminence Capital Buys More MicroStrategy (MSTR)

Ricky Sandler's hedge fund firm Eminence Capital have filed a 13G with the SEC regarding shares of MicroStrategy (MSTR).  Per the filing, they have disclosed a 5.5% ownership stake in the company with 470,825 shares.

This marks a 140% increase in their position size since the end of March.  The hedge fund previously owned 195,991 shares.  The filing was made due to portfolio activity on June 1st.

At the end of the first quarter, Eminence was already one of the top 10 largest holders of the stock, but now they're around the third largest.

For more activity from this fund, we've highlighted a stock Eminence has been short.

Per Google Finance, MicroStrategy is "a worldwide provider of enterprise software platforms for business intelligence, mobile intelligence and social intelligence applications (apps). The Company operates in two segments: core business intelligence software and services, and other. The MicroStrategy BI Platform delivers reports and dashboards to business users via a Web interface and mobile devices."

We've also previously highlighted Ricky Sandler's presentation on CME Group (CME).

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