Sandler Capital Management’s Time Warner Inc TWX Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-4,920	Closed	-$504K	–	154
2017 Q3	$504K	Hold	4,920	–	–	0.06%	102
2017 Q2	$494K	Hold	4,920	–	–	0.05%	126
2017 Q1	$481K	Buy	4,920 +450	+10%	+$43.6K	0.03%	165
2016 Q4	$431K	Sell	4,470 -150,725	-97%	-$13.4M	0.04%	134
2016 Q3	$12.4M	Buy	155,195 +148,060	+2,075%	+$11.6M	1.52%	22
2016 Q2	$525K	Buy	7,135 +1,685	+31%	+$125K	0.07%	96
2016 Q1	$395K	Sell	5,450 -6,050	-53%	-$417K	0.05%	106
2015 Q4	$744K	Buy	+11,500	New	+$804K	0.07%	125

Other funds holding TWX

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

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

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

Dodge & Cox San Francisco, California $182B AUM 14.68% 1-Year Est. Return

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

HCM

Highfields Capital Management Boston, Massachusetts $68.3M AUM 21.64% 1-Year Est. Return

Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

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

Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return

Sandler Capital Management's TWX Position: Q4 2017 in Review

Sandler Capital Management sold out of Time Warner Inc (TWX) in Q4 2017, closing a stake of 4,920 shares — an estimated $504K sold.

Sandler Capital Management first reported a position in TWX in Q4 2015 and held it in 8 quarters. The position peaked at $12.4M in Q3 2016. 1,145 funds tracked by Wall St. Rank hold TWX as of Q4 2017.

Sandler Capital Management reported no remaining Time Warner Inc position as of Q4 2017 after selling out during the quarter.
Sandler Capital Management sold 4,920 Time Warner Inc shares in Q4 2017, an estimated $504K.
Sandler Capital Management first reported a position in Time Warner Inc in Q4 2015 and held it in 8 quarters.
Sandler Capital Management's Time Warner Inc position peaked at $12.4M in Q3 2016.
1,145 funds tracked by Wall St. Rank held Time Warner Inc as of Q4 2017.

Based on Sandler Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.