Sandler Capital Management’s National Beverage FIZZ Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q2	–	Sell	-133,686	Closed	-$5.65M	–	154
2017 Q1	$5.65M	Sell	133,686 -146,954	-52%	-$4.42M	0.39%	97
2016 Q4	$7.17M	Buy	280,640 +180,640	+181%	+$4.43M	0.64%	67
2016 Q3	$2.2M	Buy	100,000 +19,040	+24%	+$512K	0.27%	80
2016 Q2	$2.54M	Sell	80,960 -109,660	-58%	-$2.8M	0.34%	83
2016 Q1	$4.03M	Buy	190,620 +70,620	+59%	+$1.4M	0.49%	79
2015 Q4	$2.73M	Buy	+120,000	New	+$2.33M	0.26%	102

Other funds holding FIZZ

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

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

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

Kayne Anderson Rudnick Investment Management Los Angeles, California $34B AUM 6.31% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

GAMCO Investors Greenwich, Connecticut $10.2B AUM 30.27% 1-Year Est. Return

Arrowstreet Capital Boston, Massachusetts $185B AUM 39.58% 1-Year Est. Return

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

Sandler Capital Management's FIZZ Position: Q2 2017 in Review

Sandler Capital Management sold out of National Beverage (FIZZ) in Q2 2017, closing a stake of 133,686 shares — an estimated $5.65M sold.

Sandler Capital Management first reported a position in FIZZ in Q4 2015 and held it in 6 quarters. The position peaked at $7.17M in Q4 2016. 151 funds tracked by Wall St. Rank hold FIZZ as of Q2 2017.

Sandler Capital Management reported no remaining National Beverage position as of Q2 2017 after selling out during the quarter.
Sandler Capital Management sold 133,686 National Beverage shares in Q2 2017, an estimated $5.65M.
Sandler Capital Management first reported a position in National Beverage in Q4 2015 and held it in 6 quarters.
Sandler Capital Management's National Beverage position peaked at $7.17M in Q4 2016.
151 funds tracked by Wall St. Rank held National Beverage as of Q2 2017.

Based on Sandler Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.