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SCM
Sandler Capital Management Portfolio holdings
AUM
$193M
1-Year Est. Return
77.14%
This Fund
S&P 500
This Quarter
Est. Return
+8.05%
1 Year Est. Return
+77.14%
3 Year Est. Return
+287.77%
5 Year Est. Return
+477.32%
10 Year Est. Return
+5,217.56%
AUM
$1.62B
AUM Growth
-$276M
(-15%)
Cap. Flow
-$363M
Cap. Flow
% of AUM
-22.39%
Top 10 Holdings %
Top 10 Hldgs %
17.68%
Holding
281
New
83
Increased
46
Reduced
52
Closed
86
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
United States Oil Fund
USO
|
+$46.5M |
| 2 |
iShares US Aerospace & Defense ETF
ITA
|
+$24.2M |
| 3 |
Labcorp
LH
|
+$19.5M |
| 4 |
State Street SPDR S&P Homebuilders ETF
XHB
|
+$14.4M |
| 5 |
BEAV
B/E Aerospace Inc
BEAV
|
+$13.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares US Medical Devices ETF
IHI
|
+$21.2M |
| 2 |
Humana
HUM
|
+$21M |
| 3 |
Apple
AAPL
|
+$18.2M |
| 4 |
Cardinal Health
CAH
|
+$18.2M |
| 5 |
Universal Health Services
UHS
|
+$17.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 11.34% |
| 2 | Healthcare | 11.32% |
| 3 | Consumer Discretionary | 11.2% |
| 4 | Communication Services | 6.77% |
| 5 | Real Estate | 5.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Papa John's
PZZA
$806M
| – | – |
-88,100
| Closed | -$4.92M |
|
227
RH
RH
$3.71B
| – | – |
-33,200
| Closed | -$3.19M |
|
228
Robert Half
RHI
$4.37B
| – | – |
-284,146
| Closed | -$16.6M |
|
229
Range Resources
RRC
$8.95B
| – | – |
-22,700
| Closed | -$1.21M |
|
230
Saia
SAIA
$9.72B
| – | – |
-74,000
| Closed | -$4.1M |
|
231
Boston Beer
SAM
$1.92B
| – | – |
-26,500
| Closed | -$7.67M |
|
232
PUT
SLB Ltd
SLB
$75B
| – | – |
-400,000
| Closed | -$34.2M |
|
233
Smith & Nephew
SNN
$12.6B
| – | – |
-108,556
| Closed | -$3.99M |
|
234
Sensata Technologies
ST
$6.79B
| – | – |
-311,992
| Closed | -$16.4M |
|
235
Stryker
SYK
$130B
| – | – |
-127,400
| Closed | -$12M |
|
236
AT&T
T
$163B
| – | – |
-21,184
| Closed | -$537K |
|
237
CALL
Molson Coors Class B
TAP
$8.09B
| – | – |
-301,200
| Closed | -$22.4M |
|
|
THR
238
PUT
DELISTED
Thermon Group Holdings
THR
| – | – |
-197,500
| Closed | -$4.78M |
|
239
PUT
Tapestry
TPR
$32.8B
| – | – |
-627,600
| Closed | -$23.6M |
|
240
Tyson Foods
TSN
$20.4B
| – | – |
-130,000
| Closed | -$5.21M |
|
241
Unifirst Corp
UNF
$5.25B
| – | – |
-44,000
| Closed | -$5.34M |
|
242
VF Corp
VFC
$5.89B
| – | – |
-116,820
| Closed | -$8.24M |
|
243
Vornado Realty Trust
VNO
$7.38B
| – | – |
-83,105
| Closed | -$7.16M |
|
|
VRNT
244
DELISTED
Verint Systems
VRNT
| – | – |
-113,658
| Closed | -$3.37M |
|
245
Ventas
VTR
$47.9B
| – | – |
-109,375
| Closed | -$8.96M |
|
|
WCN
246
Waste Connections
WCN
$42B
| – | – |
-176,415
| Closed | -$5.17M |
|
247
Waste Management
WM
$91B
| – | – |
-101,760
| Closed | -$5.22M |
|
248
PUT
World Acceptance Corp
WRLD
$873M
| – | – |
-85,900
| Closed | -$6.83M |
|
249
State Street SPDR S&P Biotech ETF
XBI
$10.3B
| – | – |
-130,800
| Closed | -$8.13M |
|
250
State Street SPDR S&P Semiconductor ETF
XSD
$3.04B
| – | – |
-374,000
| Closed | -$14.9M |
|
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Sandler Capital Management's Q1 2015 Portfolio in Review
As of Q1 2015, Sandler Capital Management held 281 positions worth $1.62B, down 15% from $1.9B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Sandler Capital Management withdrew a net $363M in Q1 2015, closing 86 positions and reducing 52 holdings. Its most notable exit was iShares US Medical Devices ETF, an estimated $21.2M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 11% of assets, up from 9.8% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Sandler Capital Management opened a new position in United States Oil Fund worth $43.5M.
- Sandler Capital Management's largest Q1 2015 buy was United States Oil Fund: 323,088 shares worth $43.5M.
- Sandler Capital Management added most to B/E Aerospace Inc in Q1 2015, an estimated $13.4M increase.
- Sandler Capital Management's biggest Q1 2015 reduction was Cardinal Health, cutting an estimated $18.2M.
- Sandler Capital Management fully exited iShares US Medical Devices ETF in Q1 2015, selling an estimated $21.2M.
- Sandler Capital Management's ten largest holdings make up 18% of its $1.62B portfolio in Q1 2015.
- Sandler Capital Management opened 83 new positions and closed 86 in Q1 2015.
- Sandler Capital Management's portfolio value fell 15% quarter-over-quarter to $1.62B.
Based on Sandler Capital Management's 13F filing for Q1 2015, filed 15 May 2015.