Sandler Capital Management’s Blackstone BX Stock Holding History

Sandler Capital Management’s Portfolio BX Stock Details BX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-21,063	Closed	-$3.6M	–	149
2025 Q3	$3.6M	Buy	21,063 +9,770	+87%	+$1.67M	1.06%	19
2025 Q2	$1.69M	Buy	11,293 +3,685	+48%	+$506K	0.46%	92
2025 Q1	$1.06M	Sell	7,608 -10,530	-58%	-$1.71M	0.27%	100
2024 Q4	$3.13M	Sell	18,138 -9,232	-34%	-$1.61M	0.32%	107
2024 Q3	$4.19M	Buy	+27,370	New	+$3.8M	0.55%	74
2024 Q1	–	Sell	-37,500	Closed	-$4.91M	–	144
2023 Q4	$4.91M	Buy	+37,500	New	+$4.06M	0.41%	75
2022 Q3	–	Sell	-83,990	Closed	-$7.66M	–	88
2022 Q2	$7.66M	Buy	83,990 +22,000	+35%	+$2.38M	0.81%	52
2022 Q1	$7.87M	Buy	+61,990	New	+$7.56M	0.69%	58
2019 Q3	–	Sell	-583,991	Closed	-$25.9M	–	114
2019 Q2	$25.9M	Buy	+583,991	New	+$23.3M	1.73%	13
2017 Q3	–	Sell	-159,490	Closed	-$5.32M	–	116
2017 Q2	$5.32M	Buy	+159,490	New	+$5M	0.58%	68
2016 Q4	–	Sell	-299,270	Closed	-$7.64M	–	156
2016 Q3	$7.64M	Buy	+299,270	New	+$7.9M	0.94%	42

Other funds holding BX

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

Sandler Capital Management's BX Position: Q4 2025 in Review

Sandler Capital Management sold out of Blackstone (BX) in Q4 2025, closing a stake of 21,063 shares — an estimated $3.6M sold.

Sandler Capital Management first reported a position in BX in Q3 2016 and held it in 11 quarters. The position peaked at $25.9M in Q2 2019. 2,282 funds tracked by Wall St. Rank hold BX as of Q4 2025.

Sandler Capital Management reported no remaining Blackstone position as of Q4 2025 after selling out during the quarter.
Sandler Capital Management sold 21,063 Blackstone shares in Q4 2025, an estimated $3.6M.
Sandler Capital Management first reported a position in Blackstone in Q3 2016 and held it in 11 quarters.
Sandler Capital Management's Blackstone position peaked at $25.9M in Q2 2019.
2,282 funds tracked by Wall St. Rank held Blackstone as of Q4 2025.

Based on Sandler Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.