SAM
Sandell Asset Management Portfolio holdings
AUM
$179M
Turnover
45.28%
1-Year Est. Return
65.55%
This Fund
S&P 500
This Quarter
Est. Return
+5.87%
1 Year Est. Return
+65.55%
3 Year Est. Return
+321.83%
5 Year Est. Return
+967.16%
10 Year Est. Return
–
AUM
$380M
AUM Growth
-$71.5M
(-16%)
Cap. Flow
-$90.8M
Cap. Flow
% of AUM
-23.92%
Top 10 Holdings %
Top 10 Hldgs %
76.88%
Holding
35
New
6
Increased
5
Reduced
3
Closed
14
Avg Time Held Equity + Options
0.7
years
Top 10 Avg Time Held Equity + Options
0.7
years
Top 20 Avg Time Held Equity + Options
0.6
years
Avg Time Held Equity only
0.7
years
Top 10 Avg Time Held Equity only
0.7
years
Top 20 Avg Time Held Equity only
0.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
STRZA
Starz - Series A
STRZA
|
+$12.7M |
| 2 |
VA
Virgin America Inc.
VA
|
+$10.6M |
| 3 |
CPHD
Cepheid Inc
CPHD
|
+$8.16M |
| 4 |
LNKD
LinkedIn Corporation
LNKD
|
+$7.26M |
| 5 |
Talen Energy Corporation
TLN
|
+$6.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$36.4M |
| 2 |
MDVN
MEDIVATION, INC.
MDVN
|
+$17.4M |
| 3 |
MKTO
MARKETO INC COM STK (DE)
MKTO
|
+$16.1M |
| 4 |
FCS
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
|
+$14.5M |
| 5 |
AKRX
Akorn Inc
AKRX
|
+$14M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 16.96% |
| 2 | Technology | 16.31% |
| 3 | Miscellaneous | 13.13% |
| 4 | Consumer Discretionary | 12.75% |
| 5 | Energy | 12.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
BOBE
1
DELISTED
Bob Evans Farms, Inc.
BOBE
| $48.4M | 12.75% |
1,263,661
| – | – |
2013 Q2
13 quarters
|
|
|
YHOO
2
DELISTED
Yahoo Inc
YHOO
| $46.6M | 12.28% |
1,081,956
| – | – |
2014 Q3
8 quarters
|
|
|
VA
3
DELISTED
Virgin America Inc.
VA
| $32.6M | 8.59% |
609,388
+190,552
| +45% | +$10.6M |
2016 Q2
1 quarter
|
|
|
LNKD
4
DELISTED
LinkedIn Corporation
LNKD
| $32.6M | 8.58% |
170,400
+37,900
| +29% | +$7.26M |
2016 Q2
1 quarter
|
|
5
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $31.4M | 8.26% |
145,000
-5,000
| -3% | -$1.08M |
2015 Q1
6 quarters
|
|
|
CVT
6
DELISTED
CVENT, INC.
CVT
| $24.7M | 6.49% |
777,781
+1,381
| +0.2% | +$45.1K |
2016 Q2
1 quarter
|
|
|
7
DELISTED
Talen Energy Corporation
TLN
| $20.2M | 5.32% |
1,459,889
+508,589
| +53% | +$6.99M |
2016 Q2
1 quarter
|
|
8
DELISTED
Media General, Inc
MEG
| $19M | 5% |
1,029,910
| – | – |
2015 Q4
3 quarters
|
|
9
Viavi Solutions
VIAV
$9.48B
| $18.7M | 4.93% |
2,533,874
| – | – |
2014 Q3
8 quarters
|
|
|
IM
10
DELISTED
Ingram Micro
IM
| $17.8M | 4.68% |
498,070
-30,300
| -6% | -$1.05M |
2016 Q2
1 quarter
|
|
|
BOBE
11
CALL
DELISTED
Bob Evans Farms, Inc.
BOBE
| $12.9M | 3.41% |
+337,700
| New | +$12.7M |
2016 Q3
0 quarters
|
|
12
Conagra Brands
CAG
$6.61B
| $12.9M | 3.39% |
350,934
| – | – |
2016 Q1
2 quarters
|
|
|
STRZA
13
DELISTED
Starz - Series A
STRZA
| $12.9M | 3.39% |
+412,400
| New | +$12.7M |
2016 Q3
0 quarters
|
|
|
CIT
14
DELISTED
CIT Group Inc.
CIT
| $11.4M | 3.01% |
314,443
| – | – |
2015 Q4
3 quarters
|
|
|
CPHD
15
DELISTED
Cepheid Inc
CPHD
| $10.8M | 2.84% |
+204,900
| New | +$8.16M |
2016 Q3
0 quarters
|
|
16
Ally Financial
ALLY
$11.2B
| $10.8M | 2.84% |
553,800
| – | – |
2015 Q3
4 quarters
|
|
|
SVU
17
DELISTED
SUPERVALU Inc.
SVU
| $5.49M | 1.45% |
+157,241
| New | +$5.56M |
2016 Q3
0 quarters
|
|
18
State Street Financial Select Sector SPDR ETF
XLF
$50.7B
| $4.5M | 1.19% |
233,350
-32,470
| -12% | -$670K |
2015 Q4
3 quarters
|
|
|
BATS
19
DELISTED
Bats Global Markets, Inc.
BATS
| $4.31M | 1.14% |
+143,100
| New | +$3.68M |
2016 Q3
0 quarters
|
|
20
State Street Real Estate Select Sector SPDR ETF
XLRE
$7.78B
| $1.06M | 0.28% |
+32,469
| New | +$1.09M |
2016 Q3
0 quarters
|
|
21
KLA
KLAC
$233B
| $781K | 0.21% |
112,000
+47,000
| +72% | +$338K |
2016 Q2
1 quarter
|
|
|
AKRX
22
DELISTED
Akorn Inc
AKRX
| – | – |
-490,744
| Closed | -$14M | – |
|
|
FCS
23
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| – | – |
-732,900
| Closed | -$14.5M | – |
|
|
MKTO
24
DELISTED
MARKETO INC COM STK (DE)
MKTO
| – | – |
-463,604
| Closed | -$16.1M | – |
|
|
CPXX
25
DELISTED
CELATOR PHARMACEUTICALS INC. COMMON STOCK
CPXX
| – | – |
-448,293
| Closed | -$13.5M | – |
|
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Sandell Asset Management's Q3 2016 Portfolio in Review
As of Q3 2016, Sandell Asset Management held 35 positions worth $380M, down 16% from $451M the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Sandell Asset Management withdrew a net $90.8M in Q3 2016, closing 14 positions and reducing 3 holdings. Its most notable exit was STARWOOD HOTELS & RESORTS WORLDWIDE, INC., an estimated $36.4M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 17% of assets, up from 9.9% a quarter earlier, followed by Technology and Miscellaneous.
Against the trend, Sandell Asset Management opened a new position in Starz - Series A worth $12.9M.
- Sandell Asset Management's largest Q3 2016 buy was Starz - Series A: 412,400 shares worth $12.9M.
- Sandell Asset Management added most to Virgin America Inc. in Q3 2016, an estimated $10.6M increase.
- Sandell Asset Management's biggest Q3 2016 reduction was Ingram Micro, cutting an estimated $1.05M.
- Sandell Asset Management fully exited STARWOOD HOTELS & RESORTS WORLDWIDE, INC. in Q3 2016, selling an estimated $36.4M.
- Sandell Asset Management's ten largest holdings make up 77% of its $380M portfolio in Q3 2016.
- Sandell Asset Management opened 6 new positions and closed 14 in Q3 2016.
- Sandell Asset Management's portfolio value fell 16% quarter-over-quarter to $380M.
Based on Sandell Asset Management's 13F filing for Q3 2016, filed 14 Nov 2016.