Sandler Capital Management’s Steel Dynamics STLD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$1.17M	Sell	6,508 -4,282	-40%	-$780K	0.61%	58
2025 Q4	$1.83M	Buy	10,790 +4,948	+85%	+$786K	0.6%	68
2025 Q3	$815K	Sell	5,842 -1,189	-17%	-$156K	0.24%	129
2025 Q2	$900K	Sell	7,031 -8,829	-56%	-$1.13M	0.24%	119
2025 Q1	$1.98M	Buy	15,860 +1,350	+9%	+$171K	0.5%	79
2024 Q4	$1.66M	Sell	14,510 -7,383	-34%	-$981K	0.17%	126
2024 Q3	$2.76M	Buy	21,893 +3,320	+18%	+$403K	0.36%	96
2024 Q2	$2.41M	Sell	18,573 -98,860	-84%	-$13.2M	0.26%	100
2024 Q1	$17.4M	Sell	117,433 -32,500	-22%	-$4.09M	1.27%	17
2023 Q4	$17.7M	Buy	+149,933	New	+$16.7M	1.47%	20
2021 Q4	–	Sell	-47,293	Closed	-$2.77M	–	131
2021 Q3	$2.77M	Sell	47,293 -2,560	-5%	-$164K	0.25%	91
2021 Q2	$2.97M	Sell	49,853 -70,147	-58%	-$4.12M	0.23%	89
2021 Q1	$6.09M	Buy	+120,000	New	+$5.06M	0.52%	78
2018 Q3	–	Sell	-184,340	Closed	-$8.47M	–	145
2018 Q2	$8.47M	Buy	184,340 +94,690	+106%	+$4.48M	0.71%	54
2018 Q1	$3.96M	Sell	89,650 -5,350	-6%	-$246K	0.48%	72
2017 Q4	$4.1M	Buy	+95,000	New	+$3.65M	0.58%	63
2017 Q3	–	Sell	-142,550	Closed	-$5.11M	–	153
2017 Q2	$5.11M	Sell	142,550 -84,261	-37%	-$2.92M	0.55%	72
2017 Q1	$7.88M	Sell	226,811 -104,969	-32%	-$3.74M	0.54%	73
2016 Q4	$11.8M	Buy	+331,780	New	+$10.4M	1.06%	27
2016 Q2	–	Sell	-112,700	Closed	-$2.54M	–	141
2016 Q1	$2.54M	Buy	+112,700	New	+$2.12M	0.31%	91
2014 Q1	–	Sell	-900,000	Closed	-$17.6M	–	226
2013 Q4	$17.6M	Buy	+900,000	New	+$16.5M	0.57%	59