Sandler Capital Management’s Coinbase COIN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-15,000	Closed	-$3.39M	–	134
2025 Q4	$3.39M	Buy	+15,000	New	+$4.47M	1.11%	21
2025 Q3	–	Sell	-5,600	Closed	-$1.96M	–	151
2025 Q2	$1.96M	Buy	+5,600	New	+$1.31M	0.53%	74
2024 Q1	–	Sell	-60,000	Closed	-$10.4M	–	146
2023 Q4	$10.4M	Buy	+60,000	New	+$6.55M	0.86%	51
2023 Q3	–	Sell	-600,000	Closed	-$42.9M	–	112
2023 Q2	$42.9M	Sell	600,000 -245,400	-29%	-$14.6M	3.53%	5
2023 Q1	$57.1M	Buy	845,400 +325,400	+63%	+$19.5M	5.21%	2
2022 Q4	$18.4M	Buy	520,000 +270,000	+108%	+$14.2M	1.89%	20
2022 Q3	$16.1M	Buy	+250,000	New	+$17.5M	2.25%	11
2022 Q2	–	Sell	-300,000	Closed	-$57M	–	104
2022 Q1	$57M	Buy	300,000 +211,000	+237%	+$41.2M	5.02%	1
2021 Q4	$22.5M	Sell	89,000 -41,000	-32%	-$11.9M	1.94%	13
2021 Q3	$29.6M	Sell	130,000 -15,300	-11%	-$3.77M	2.62%	6
2021 Q2	$36.8M	Buy	+145,300	New	+$37.7M	2.87%	3