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
+6.49%
1 Year Est. Return
+65.55%
3 Year Est. Return
+321.83%
5 Year Est. Return
+967.16%
10 Year Est. Return
–
AUM
$1.3B
AUM Growth
-$418M
(-24%)
Cap. Flow
+$66.8M
Cap. Flow
% of AUM
5.15%
Top 10 Holdings %
Top 10 Hldgs %
74.19%
Holding
60
New
17
Increased
10
Reduced
7
Closed
18
Avg Time Held Equity + Options
0.5
years
Top 10 Avg Time Held Equity + Options
0.1
years
Top 20 Avg Time Held Equity + Options
0.5
years
Avg Time Held Equity only
0.4
years
Top 10 Avg Time Held Equity only
0.1
years
Top 20 Avg Time Held Equity only
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AET
Aetna Inc
AET
|
+$72.6M |
| 2 |
CA, Inc.
CA
|
+$51.9M |
| 3 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$49.7M |
| 4 |
PF
Pinnacle Foods, Inc.
PF
|
+$41.2M |
| 5 |
Dun & Bradstreet
DNB
|
+$32.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NXP Semiconductors
NXPI
|
+$52.9M |
| 2 |
XL
XL Group Ltd.
XL
|
+$38.9M |
| 3 |
Verifone Systems Inc
PAY
|
+$37.3M |
| 4 |
VR
Validus Hold Ltd
VR
|
+$32.6M |
| 5 |
ANDV
Andeavor
ANDV
|
+$26.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 45.57% |
| 2 | Industrials | 8.81% |
| 3 | Financials | 8.67% |
| 4 | Technology | 8.26% |
| 5 | Healthcare | 6.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$811B
| $481M | 37.06% |
1,655,000
-1,732,500
| -51% | -$493M |
2017 Q3
4 quarters
|
|
|
AET
2
DELISTED
Aetna Inc
AET
| $75.4M | 5.81% |
+371,700
| New | +$72.6M |
2018 Q3
0 quarters
|
|
|
PF
3
DELISTED
Pinnacle Foods, Inc.
PF
| $56.3M | 4.33% |
868,100
+623,000
| +254% | +$41.2M |
2018 Q2
1 quarter
|
|
|
COL
4
DELISTED
Rockwell Collins
COL
| $54.4M | 4.19% |
387,470
-96,300
| -20% | -$13.3M |
2018 Q1
2 quarters
|
|
|
5
DELISTED
CA, Inc.
CA
| $53.2M | 4.09% |
+1,204,137
| New | +$51.9M |
2018 Q3
0 quarters
|
|
|
EVHC
6
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $51.7M | 3.99% |
1,131,404
+626,400
| +124% | +$28.1M |
2018 Q2
1 quarter
|
|
|
KLXI
7
DELISTED
KLX Inc.
KLXI
| $51.6M | 3.98% |
822,200
+138,708
| +20% | +$8.55M |
2018 Q2
1 quarter
|
|
|
TFCFA
8
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $50.3M | 3.87% |
+1,084,700
| New | +$49.7M |
2018 Q3
0 quarters
|
|
9
DELISTED
Gramercy Property Trust
GPT
| $45.6M | 3.51% |
1,660,050
+804,533
| +94% | +$22M |
2018 Q2
1 quarter
|
|
|
10
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$811B
| $43.6M | 3.36% |
150,000
+50,000
| +50% | +$14.2M |
2015 Q1
14 quarters
|
|
11
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $43.2M | 3.33% |
500,000
-100,000
| -17% | -$8.59M |
2017 Q1
6 quarters
|
|
|
KS
12
DELISTED
KapStone Paper and Pack Corp.
KS
| $41.1M | 3.16% |
1,211,046
+23,100
| +2% | +$796K |
2018 Q1
2 quarters
|
|
|
13
DELISTED
Dun & Bradstreet
DNB
| $33.9M | 2.61% |
+237,600
| New | +$32.3M |
2018 Q3
0 quarters
|
|
|
ORBK
14
DELISTED
Orbotech Ltd
ORBK
| $32M | 2.46% |
537,684
-137,700
| -20% | -$8.61M |
2018 Q1
2 quarters
|
|
|
ESRX
15
DELISTED
Express Scripts Holding Company
ESRX
| $25.2M | 1.94% |
+265,400
| New | +$22.6M |
2018 Q3
0 quarters
|
|
16
PUT
Invesco QQQ Trust
QQQ
$487B
| $18.6M | 1.43% |
100,000
+21,000
| +27% | +$3.8M |
2017 Q2
5 quarters
|
|
|
FCE.A
17
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $16.8M | 1.29% |
+668,200
| New | +$16.3M |
2018 Q3
0 quarters
|
|
18
Avista
AVA
$3.05B
| $15M | 1.15% |
296,290
-478,380
| -62% | -$24.5M |
2017 Q3
4 quarters
|
|
19
T-Mobile US
TMUS
$168B
| $11.4M | 0.88% |
162,066
-39,972
| -20% | -$2.57M |
2018 Q2
1 quarter
|
|
20
KLX Energy Services
KLXE
$139M
| $10.5M | 0.81% |
+65,776
| New | +$9.88M |
2018 Q3
0 quarters
|
|
21
Pacira BioSciences
PCRX
$1.45B
| $9.49M | 0.73% |
193,100
| – | – |
2017 Q2
5 quarters
|
|
22
Amazon
AMZN
$2.74T
| $9.34M | 0.72% |
93,280
| – | – |
2017 Q4
3 quarters
|
|
|
ZAYO
23
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $8.2M | 0.63% |
236,100
+71,400
| +43% | +$2.61M |
2018 Q1
2 quarters
|
|
24
Apple
AAPL
$5T
| $7.33M | 0.56% |
129,948
| – | – |
2017 Q4
3 quarters
|
|
25
Microsoft
MSFT
$3.97T
| $7.01M | 0.54% |
61,293
| – | – |
2017 Q4
3 quarters
|
|
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Sandell Asset Management's Q3 2018 Portfolio in Review
As of Q3 2018, Sandell Asset Management held 60 positions worth $1.3B, down 24% from $1.72B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Sandell Asset Management deployed $66.8M of net new capital in Q3 2018, opening 17 new positions and adding to 10 existing holdings. Its largest new stake was Aetna Inc: 371,700 shares worth $75.4M.
By sector, the portfolio is most concentrated in Miscellaneous at 46% of assets, down from 64% a quarter earlier, followed by Industrials and Financials.
On the sell side, the largest reduction was Avista, an estimated $24.5M trimmed.
- Sandell Asset Management's largest Q3 2018 buy was Aetna Inc: 371,700 shares worth $75.4M.
- Sandell Asset Management added most to Pinnacle Foods, Inc. in Q3 2018, an estimated $41.2M increase.
- Sandell Asset Management's biggest Q3 2018 reduction was Avista, cutting an estimated $24.5M.
- Sandell Asset Management fully exited NXP Semiconductors in Q3 2018, selling an estimated $52.9M.
- Sandell Asset Management's ten largest holdings make up 74% of its $1.3B portfolio in Q3 2018.
- Sandell Asset Management opened 17 new positions and closed 18 in Q3 2018.
- Sandell Asset Management's portfolio value fell 24% quarter-over-quarter to $1.3B.
Based on Sandell Asset Management's 13F filing for Q3 2018, filed 14 Nov 2018.