Sandler Capital Management’s Macquarie Infrastructure Holdings, LLC MIC Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-229,756	Closed	-$18.9M	–	242
2015 Q1	$18.9M	Sell	229,756 -98,285	-30%	-$7.48M	1.17%	13
2014 Q4	$23.3M	Buy	328,041 +160,045	+95%	+$10.9M	1.23%	15
2014 Q3	$11.2M	Sell	167,996 -535,004	-76%	-$37.2M	0.53%	76
2014 Q2	$43.8M	Buy	703,000 +278,900	+66%	+$16.5M	1.84%	6
2014 Q1	$24.3M	Buy	+424,100	New	+$23.2M	0.85%	42

Other funds holding MIC

LTI

Laffer Tengler Investments Nashville, Tennessee $677M AUM 27.58% 1-Year Est. Return

Macquarie Group Sydney, NSW 2000, Australia $16.8B AUM 27.39% 1-Year Est. Return

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

MSD Partners New York $82.3M AUM 15.13% 1-Year Est. Return

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

HFA

Harvest Fund Advisors Wayne, Pennsylvania $4.87B AUM 49.03% 1-Year Est. Return

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

Principal Financial Group Des Moines, Iowa $187B AUM 18.48% 1-Year Est. Return

BWCA

Brenner West Capital Advisors New York $804M AUM 16.19% 1-Year Est. Return

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

Sandler Capital Management's MIC Position: Q2 2015 in Review

Sandler Capital Management sold out of Macquarie Infrastructure Holdings, LLC (MIC) in Q2 2015, closing a stake of 229,756 shares — an estimated $18.9M sold.

Sandler Capital Management first reported a position in MIC in Q1 2014 and held it in 5 quarters. The position peaked at $43.8M in Q2 2014. 323 funds tracked by Wall St. Rank hold MIC as of Q2 2015.

Sandler Capital Management reported no remaining Macquarie Infrastructure Holdings, LLC position as of Q2 2015 after selling out during the quarter.
Sandler Capital Management sold 229,756 Macquarie Infrastructure Holdings, LLC shares in Q2 2015, an estimated $18.9M.
Sandler Capital Management first reported a position in Macquarie Infrastructure Holdings, LLC in Q1 2014 and held it in 5 quarters.
Sandler Capital Management's Macquarie Infrastructure Holdings, LLC position peaked at $43.8M in Q2 2014.
323 funds tracked by Wall St. Rank held Macquarie Infrastructure Holdings, LLC as of Q2 2015.

Based on Sandler Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.