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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
+7.12%
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
$2.39B
AUM Growth
-$456M
(-16%)
Cap. Flow
-$600M
Cap. Flow
% of AUM
-25.17%
Top 10 Holdings %
Top 10 Hldgs %
19.49%
Holding
265
New
88
Increased
19
Reduced
61
Closed
79
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Blackrock
BLK
|
+$37.2M |
| 2 |
Colgate-Palmolive
CL
|
+$33.7M |
| 3 |
Lazard
LAZ
|
+$27.9M |
| 4 |
OCR
OMNICARE INC
OCR
|
+$25.6M |
| 5 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$23.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KS
KapStone Paper and Pack Corp.
KS
|
+$57.8M |
| 2 |
iShares US Transportation ETF
IYT
|
+$46.5M |
| 3 |
Union Pacific
UNP
|
+$38.9M |
| 4 |
Home Depot
HD
|
+$37.9M |
| 5 |
Eagle Materials
EXP
|
+$32M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 11.97% |
| 2 | Financials | 8.21% |
| 3 | Healthcare | 7.99% |
| 4 | Technology | 6.77% |
| 5 | Consumer Discretionary | 4.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
STJ
26
CALL
DELISTED
St Jude Medical
STJ
| $22.3M | 0.94% |
322,400
+14,400
| +5% | +$934K |
|
27
Astronics
ATRO
$3.43B
| $22.3M | 0.93% |
864,417
-2,847
| -0.3% | -$73.9K |
|
|
QCOR
28
PUT
DELISTED
QUESTCOR PHARMA INC
QCOR
| $21.9M | 0.92% |
236,500
-284,000
| -55% | -$24.3M |
|
|
SEE
29
DELISTED
Sealed Air
SEE
| $21.6M | 0.91% |
632,000
-94,700
| -13% | -$3.13M |
|
30
CALL
Campbell Soup
CPB
$6.55B
| $21.4M | 0.9% |
+467,400
| New | +$21.1M |
|
31
State Street SPDR S&P Biotech ETF
XBI
$9.95B
| $20.4M | 0.85% |
+397,200
| New | +$17.9M |
|
32
Snap-on
SNA
$21.2B
| $20.4M | 0.85% |
171,900
-81,200
| -32% | -$9.39M |
|
33
PUT
Whirlpool
WHR
$2.43B
| $20.3M | 0.85% |
+145,800
| New | +$21.4M |
|
34
AstraZeneca
AZN
$263B
| $19.8M | 0.83% |
+266,000
| New | +$19.2M |
|
35
State Street Materials Select Sector SPDR ETF
XLB
$8.5B
| $19.4M | 0.81% |
+781,200
| New | +$18.9M |
|
|
K
36
PUT
DELISTED
Kellanova
K
| $19.1M | 0.8% |
+310,341
| New | +$19.4M |
|
37
Agilent Technologies
A
$39.1B
| $19M | 0.8% |
+461,759
| New | +$18.5M |
|
|
WCN
38
Waste Connections
WCN
$42.2B
| $18.8M | 0.79% |
580,800
-966,818
| -62% | -$29.1M |
|
|
ARMH
39
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $18.7M | 0.78% |
412,900
+171,700
| +71% | +$7.97M |
|
|
LGF
40
DELISTED
Lions Gate Entertainment
LGF
| $18.2M | 0.76% |
637,200
-31,400
| -5% | -$845K |
|
|
BRCM
41
CALL
DELISTED
BROADCOM CORP CL-A
BRCM
| $17.9M | 0.75% |
+483,100
| New | +$15.8M |
|
42
McKesson
MCK
$100B
| $17.5M | 0.74% |
94,200
+37,800
| +67% | +$6.73M |
|
43
Cardinal Health
CAH
$53.9B
| $17.1M | 0.72% |
249,600
+142,300
| +133% | +$9.69M |
|
44
CALL
Zimmer Biomet
ZBH
$18.2B
| $17M | 0.71% |
+168,508
| New | +$16.4M |
|
45
PUT
Tapestry
TPR
$30.8B
| $16.7M | 0.7% |
+488,800
| New | +$21M |
|
46
PUT
UnitedHealth
UNH
$376B
| $16.4M | 0.69% |
+200,000
| New | +$15.7M |
|
47
Ryder
R
$9.83B
| $16.3M | 0.68% |
+185,400
| New | +$15.5M |
|
48
Madison Square Garden
MSGS
$9.48B
| $16.1M | 0.67% |
+361,436
| New | +$14.2M |
|
|
FSL
49
CALL
DELISTED
FREESCALE SEMICONDUCTOR LTD
FSL
| $16.1M | 0.67% |
+684,300
| New | +$15.9M |
|
|
OPEN
50
DELISTED
OPENTABLE,INC COMMON STOCK
OPEN
| $15.9M | 0.67% |
+153,300
| New | +$11.7M |
|
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Sandler Capital Management's Q2 2014 Portfolio in Review
As of Q2 2014, Sandler Capital Management held 265 positions worth $2.39B, down 16% from $2.84B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Sandler Capital Management withdrew a net $600M in Q2 2014, closing 79 positions and reducing 61 holdings. Its most notable exit was iShares US Transportation ETF, an estimated $46.5M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 12% of assets, down from 20% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Sandler Capital Management opened a new position in Lazard worth $29.2M.
- Sandler Capital Management's largest Q2 2014 buy was Lazard: 567,100 shares worth $29.2M.
- Sandler Capital Management added most to Blackrock in Q2 2014, an estimated $37.2M increase.
- Sandler Capital Management's biggest Q2 2014 reduction was KapStone Paper and Pack Corp., cutting an estimated $57.8M.
- Sandler Capital Management fully exited iShares US Transportation ETF in Q2 2014, selling an estimated $46.5M.
- Sandler Capital Management's ten largest holdings make up 19% of its $2.39B portfolio in Q2 2014.
- Sandler Capital Management opened 88 new positions and closed 79 in Q2 2014.
- Sandler Capital Management's portfolio value fell 16% quarter-over-quarter to $2.39B.
Based on Sandler Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.