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Sandler Capital Management Portfolio holdings
AUM
$193M
1-Year Est. Return
77.14%
This Fund
S&P 500
This Quarter
Est. Return
+11.68%
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
$803M
AUM Growth
-$118M
(-13%)
Cap. Flow
-$162M
Cap. Flow
% of AUM
-20.11%
Top 10 Holdings %
Top 10 Hldgs %
31.85%
Holding
177
New
42
Increased
29
Reduced
23
Closed
69
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$25M |
| 2 |
Citigroup
C
|
+$17.5M |
| 3 |
Live Nation Entertainment
LYV
|
+$15.5M |
| 4 |
iShares US Transportation ETF
IYT
|
+$10.9M |
| 5 |
Texas Instruments
TXN
|
+$10.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$26.3M |
| 2 |
MSCC
Microsemi Corp
MSCC
|
+$23.2M |
| 3 |
Blackrock
BLK
|
+$21.1M |
| 4 |
Service Corp International
SCI
|
+$17.2M |
| 5 |
Watsco Inc
WSO
|
+$14.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 14.04% |
| 2 | Technology | 13.65% |
| 3 | Financials | 9.16% |
| 4 | Communication Services | 5.73% |
| 5 | Materials | 5.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
CALL
Edgewell Personal Care
EPC
$1.25B
| $10.2M | 1.27% |
+140,000
| New | +$10.3M |
|
|
27
Service Corp International
SCI
$11.8B
| $10.2M | 1.27% |
294,524
-495,636
| -63% | -$17.2M |
|
|
NTUS
28
PUT
DELISTED
Natus Medical Inc
NTUS
| $10.1M | 1.26% |
+270,200
| New | +$9.54M |
|
29
Stanley Black & Decker
SWK
$14.3B
| $9.88M | 1.23% |
65,435
+34,560
| +112% | +$4.97M |
|
30
PUT
Upbound Group
UPBD
$1.13B
| $9.87M | 1.23% |
+860,000
| New | +$10.6M |
|
31
Bio-Techne
TECH
$11.2B
| $9.74M | 1.21% |
322,240
+30,200
| +10% | +$896K |
|
32
Exponent
EXPO
$3.24B
| $9.66M | 1.2% |
261,520
-54,700
| -17% | -$1.81M |
|
33
Eagle Materials
EXP
$6.29B
| $9.6M | 1.2% |
+90,000
| New | +$8.59M |
|
34
PUT
Community Health Systems
CYH
$393M
| $9.45M | 1.18% |
1,230,100
+430,100
| +54% | +$3.35M |
|
|
X
35
PUT
DELISTED
US Steel
X
| $9.29M | 1.16% |
+361,900
| New | +$8.86M |
|
36
CME Group
CME
$96.3B
| $9.24M | 1.15% |
68,100
+23,100
| +51% | +$2.92M |
|
37
Eastman Chemical
EMN
$8B
| $8.87M | 1.1% |
98,000
+36,517
| +59% | +$3.11M |
|
|
38
PUT
Live Nation Entertainment
LYV
$40.5B
| $8.71M | 1.08% |
+200,000
| New | +$7.76M |
|
39
Landstar System
LSTR
$5.93B
| $8.3M | 1.03% |
+83,300
| New | +$7.4M |
|
40
Microsoft
MSFT
$3.45T
| $8.24M | 1.03% |
110,600
+900
| +0.8% | +$65.7K |
|
41
Sherwin-Williams
SHW
$82.7B
| $7.95M | 0.99% |
66,600
-16,350
| -20% | -$1.88M |
|
|
VMW
42
DELISTED
VMware, Inc
VMW
| $7.85M | 0.98% |
71,890
+40,710
| +131% | +$4.02M |
|
43
Northrop Grumman
NOC
$77.1B
| $7.61M | 0.95% |
26,450
-20,710
| -44% | -$5.57M |
|
44
State Street SPDR S&P Bank ETF
KBE
$1.64B
| $7.53M | 0.94% |
+167,000
| New | +$7.16M |
|
45
PUT
Snap-on
SNA
$21.2B
| $7.45M | 0.93% |
+50,000
| New | +$7.51M |
|
46
Palo Alto Networks
PANW
$270B
| $7.21M | 0.9% |
+300,000
| New | +$6.83M |
|
47
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $7.15M | 0.89% |
+126,000
| New | +$6.77M |
|
|
ESRX
48
PUT
DELISTED
Express Scripts Holding Company
ESRX
| $7.11M | 0.88% |
112,200
+12,200
| +12% | +$758K |
|
|
SCHW
49
Charles Schwab
SCHW
$183B
| $6.78M | 0.84% |
+155,000
| New | +$6.44M |
|
50
United Parcel Service
UPS
$88.6B
| $6.73M | 0.84% |
56,010
+6,010
| +12% | +$683K |
|
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Sandler Capital Management's Q3 2017 Portfolio in Review
As of Q3 2017, Sandler Capital Management held 177 positions worth $803M, down 13% from $922M the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Sandler Capital Management withdrew a net $162M in Q3 2017, closing 69 positions and reducing 23 holdings. Its most notable exit was Blackrock, an estimated $21.1M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 14% of assets, down from 17% a quarter earlier, followed by Technology and Financials.
Against the trend, Sandler Capital Management opened a new position in Meta Platforms (Facebook) worth $25.6M.
- Sandler Capital Management's largest Q3 2017 buy was Meta Platforms (Facebook): 150,000 shares worth $25.6M.
- Sandler Capital Management added most to Norfolk Southern in Q3 2017, an estimated $5.65M increase.
- Sandler Capital Management's biggest Q3 2017 reduction was Visa, cutting an estimated $26.3M.
- Sandler Capital Management fully exited Blackrock in Q3 2017, selling an estimated $21.1M.
- Sandler Capital Management's ten largest holdings make up 32% of its $803M portfolio in Q3 2017.
- Sandler Capital Management opened 42 new positions and closed 69 in Q3 2017.
- Sandler Capital Management's portfolio value fell 13% quarter-over-quarter to $803M.
Based on Sandler Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.