Sandler Capital Management’s Summit Materials, Inc. Class A Common Stock SUM Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-359,414	Closed	-$10.1M	–	165
2017 Q2	$10.1M	Sell	359,414 -126,348	-26%	-$3.29M	1.09%	21
2017 Q1	$11.6M	Sell	485,762 -130,188	-21%	-$3.05M	0.8%	29
2016 Q4	$14.2M	Buy	+615,950	New	+$12.9M	1.27%	19

Other funds holding SUM

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

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Janus Henderson Group London $209B AUM 37.72% 1-Year Est. Return

Jennison Associates New York $167B AUM 44.17% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

TBC

Three Bays Capital Boston, Massachusetts $848M AUM 7.41% 1-Year Est. Return

Deutsche Bank Frankfurt Am Main Ge, Germany $344B AUM 42.99% 1-Year Est. Return

Westfield Capital Management Boston, Massachusetts $30.6B AUM 61.81% 1-Year Est. Return

LCS

Levin Capital Strategies New York $1.49B AUM 30.44% 1-Year Est. Return

BAMCO Inc New York $66.6B AUM 7.35% 1-Year Est. Return

Sandler Capital Management's SUM Position: Q3 2017 in Review

Sandler Capital Management sold out of Summit Materials, Inc. Class A Common Stock (SUM) in Q3 2017, closing a stake of 359,414 shares — an estimated $10.1M sold.

Sandler Capital Management first reported a position in SUM in Q4 2016 and held it in 3 quarters. The position peaked at $14.2M in Q4 2016. 215 funds tracked by Wall St. Rank hold SUM as of Q3 2017.

Sandler Capital Management reported no remaining Summit Materials, Inc. Class A Common Stock position as of Q3 2017 after selling out during the quarter.
Sandler Capital Management sold 359,414 Summit Materials, Inc. Class A Common Stock shares in Q3 2017, an estimated $10.1M.
Sandler Capital Management first reported a position in Summit Materials, Inc. Class A Common Stock in Q4 2016 and held it in 3 quarters.
Sandler Capital Management's Summit Materials, Inc. Class A Common Stock position peaked at $14.2M in Q4 2016.
215 funds tracked by Wall St. Rank held Summit Materials, Inc. Class A Common Stock as of Q3 2017.

Based on Sandler Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.