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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
-1.65%
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
$971M
AUM Growth
-$244M
(-20%)
Cap. Flow
-$168M
Cap. Flow
% of AUM
-17.26%
Top 10 Holdings %
Top 10 Hldgs %
26.66%
Holding
134
New
39
Increased
29
Reduced
29
Closed
25
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$19.1M |
| 2 |
Clean Harbors
CLH
|
+$18.9M |
| 3 |
Vertiv
VRT
|
+$15.1M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$14.9M |
| 5 |
Microsoft
MSFT
|
+$13.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Liberty Media Series C
FWONK
|
+$40.1M |
| 2 |
Live Nation Entertainment
LYV
|
+$35.4M |
| 3 |
Tetra Tech
TTEK
|
+$27M |
| 4 |
WWE
World Wrestling Entertainment
WWE
|
+$22.3M |
| 5 |
RTX Corp
RTX
|
+$22.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.35% |
| 2 | Industrials | 16.73% |
| 3 | Healthcare | 9.58% |
| 4 | Consumer Discretionary | 5.9% |
| 5 | Communication Services | 5.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
Citigroup
C
$226B
| $12.3M | 1.27% |
300,000
+100,000
| +50% | +$4.39M |
|
27
CAE Inc. Common Shares
CAE
$8.74B
| $12.2M | 1.26% |
523,794
-281,695
| -35% | -$6.52M |
|
28
PUT
HCA Healthcare
HCA
$89.5B
| $12.1M | 1.24% |
+49,000
| New | +$13.4M |
|
29
PUT
Capital One
COF
$134B
| $11.6M | 1.2% |
120,000
-290,000
| -71% | -$31M |
|
|
AXON
30
Axon Enterprise
AXON
$46.4B
| $11.5M | 1.18% |
+57,720
| New | +$11.4M |
|
|
31
Liberty Media Series C
FWONK
$25.8B
| $10.9M | 1.13% |
175,353
-583,838
| -77% | -$40.1M |
|
32
Nextpower Inc
NXT
$15.7B
| $10.9M | 1.12% |
271,745
-12,842
| -5% | -$520K |
|
33
Amazon
AMZN
$2.96T
| $10.8M | 1.11% |
+84,730
| New | +$11.4M |
|
34
Bio-Techne
TECH
$11.3B
| $10.8M | 1.11% |
158,107
+93,873
| +146% | +$7.42M |
|
35
Eli Lilly
LLY
$1.06T
| $10.6M | 1.09% |
+19,650
| New | +$10.1M |
|
36
Procter & Gamble
PG
$339B
| $10.4M | 1.07% |
+71,380
| New | +$10.9M |
|
37
Lennox International
LII
$15.2B
| $10.1M | 1.04% |
26,974
-6,619
| -20% | -$2.39M |
|
38
PUT
Franklin Resources
BEN
$17.2B
| $9.83M | 1.01% |
399,800
-6,200
| -2% | -$168K |
|
|
GES
39
PUT
DELISTED
Guess Inc
GES
| $9.74M | 1% |
+450,000
| New | +$9.51M |
|
40
CrowdStrike
CRWD
$218B
| $9.52M | 0.98% |
227,520
+71,736
| +46% | +$2.79M |
|
41
Deckers Outdoor
DECK
$13.3B
| $9.04M | 0.93% |
+105,540
| New | +$9.45M |
|
42
Datadog
DDOG
$84B
| $9.04M | 0.93% |
99,213
-7,197
| -7% | -$712K |
|
43
PUT
Winnebago Industries
WGO
$909M
| $8.92M | 0.92% |
+150,000
| New | +$9.72M |
|
44
MongoDB
MDB
$32.1B
| $8.83M | 0.91% |
25,532
+11,694
| +85% | +$4.44M |
|
45
PUT
United Parks & Resorts
PRKS
$2.12B
| $8.79M | 0.9% |
190,000
+38,000
| +25% | +$1.93M |
|
46
Shopify
SHOP
$195B
| $8.58M | 0.88% |
+157,300
| New | +$9.53M |
|
47
D.R. Horton
DHI
$42.3B
| $8.53M | 0.88% |
79,330
+42,597
| +116% | +$5.1M |
|
48
PUT
B&G Foods
BGS
$286M
| $8.41M | 0.87% |
850,000
+100,000
| +13% | +$1.24M |
|
49
PUT
OneMain Financial
OMF
$7.47B
| $8.02M | 0.83% |
+200,000
| New | +$8.54M |
|
50
Xylem
XYL
$28.1B
| $7.71M | 0.79% |
+84,700
| New | +$8.74M |
|
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Sandler Capital Management's Q3 2023 Portfolio in Review
As of Q3 2023, Sandler Capital Management held 134 positions worth $971M, down 20% from $1.21B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Sandler Capital Management withdrew a net $168M in Q3 2023, closing 25 positions and reducing 29 holdings. Its most notable exit was Live Nation Entertainment, an estimated $35.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Sandler Capital Management opened a new position in Vertiv worth $17M.
- Sandler Capital Management's largest Q3 2023 buy was Vertiv: 456,810 shares worth $17M.
- Sandler Capital Management added most to Meta Platforms (Facebook) in Q3 2023, an estimated $19.1M increase.
- Sandler Capital Management's biggest Q3 2023 reduction was Liberty Media Series C, cutting an estimated $40.1M.
- Sandler Capital Management fully exited Live Nation Entertainment in Q3 2023, selling an estimated $35.4M.
- Sandler Capital Management's ten largest holdings make up 27% of its $971M portfolio in Q3 2023.
- Sandler Capital Management opened 39 new positions and closed 25 in Q3 2023.
- Sandler Capital Management's portfolio value fell 20% quarter-over-quarter to $971M.
Based on Sandler Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.