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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
+24.68%
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
$370M
AUM Growth
-$29.9M
(-7.5%)
Cap. Flow
-$95.1M
Cap. Flow
% of AUM
-25.73%
Top 10 Holdings %
Top 10 Hldgs %
22.03%
Holding
180
New
63
Increased
19
Reduced
62
Closed
33
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
eBay
EBAY
|
+$5.99M |
| 2 |
Kenvue
KVUE
|
+$4.14M |
| 3 |
Fidelity National Information Services
FIS
|
+$3.79M |
| 4 |
Ralph Lauren
RL
|
+$3.75M |
| 5 |
Blackrock
BLK
|
+$3.55M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verisk Analytics
VRSK
|
+$6.56M |
| 2 |
Williams Companies
WMB
|
+$5.67M |
| 3 |
Fair Isaac
FICO
|
+$5.22M |
| 4 |
Zimmer Biomet
ZBH
|
+$4.73M |
| 5 |
Intuitive Surgical
ISRG
|
+$4.58M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.43% |
| 2 | Industrials | 17.55% |
| 3 | Communication Services | 9.83% |
| 4 | Healthcare | 6.67% |
| 5 | Consumer Discretionary | 6.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Snowflake
SNOW
$115B
| $3.85M | 1.04% |
17,190
-374
| -2% | -$67.6K |
|
|
27
Kenvue
KVUE
$36.9B
| $3.81M | 1.03% |
+182,171
| New | +$4.14M |
|
28
Advanced Energy
AEIS
$13B
| $3.79M | 1.03% |
28,631
+7,759
| +37% | +$855K |
|
29
Shopify
SHOP
$195B
| $3.75M | 1.02% |
32,547
+12,752
| +64% | +$1.28M |
|
30
AerCap
AER
$23.8B
| $3.74M | 1.01% |
31,965
-3,779
| -11% | -$409K |
|
31
Madison Square Garden
MSGS
$9.39B
| $3.74M | 1.01% |
+17,891
| New | +$3.45M |
|
32
Teledyne Technologies
TDY
$32B
| $3.71M | 1% |
7,246
-817
| -10% | -$394K |
|
33
EastGroup Properties
EGP
$10.9B
| $3.64M | 0.99% |
21,789
+1,225
| +6% | +$204K |
|
34
Cameco
CCJ
$42.4B
| $3.55M | 0.96% |
47,812
-49,240
| -51% | -$2.63M |
|
35
Amazon
AMZN
$2.96T
| $3.51M | 0.95% |
15,985
-21,807
| -58% | -$4.32M |
|
36
Sensient Technologies
SXT
$5.53B
| $3.45M | 0.93% |
34,998
-43,798
| -56% | -$3.92M |
|
37
CALL
Okta
OKTA
$25.8B
| $3.43M | 0.93% |
34,300
-29,000
| -46% | -$3.1M |
|
38
Curtiss-Wright
CW
$25.5B
| $3.28M | 0.89% |
6,710
-4,602
| -41% | -$1.82M |
|
39
PUT
Upstart Holdings
UPST
$3.03B
| $3.23M | 0.87% |
50,000
-139,800
| -74% | -$6.86M |
|
40
Goldman Sachs
GS
$303B
| $3.22M | 0.87% |
+4,553
| New | +$2.64M |
|
41
Live Nation Entertainment
LYV
$42.1B
| $3.2M | 0.87% |
21,164
-14,415
| -41% | -$1.98M |
|
42
Jabil
JBL
$35.8B
| $3.1M | 0.84% |
+14,218
| New | +$2.3M |
|
43
Eaton
ETN
$174B
| $3.07M | 0.83% |
8,607
-5,501
| -39% | -$1.69M |
|
44
Microsoft
MSFT
$3.71T
| $3.02M | 0.82% |
+6,081
| New | +$2.64M |
|
45
CALL
United Airlines
UAL
$42.1B
| $2.98M | 0.81% |
+37,400
| New | +$2.76M |
|
|
CYBR
46
DELISTED
CyberArk
CYBR
| $2.94M | 0.8% |
7,237
+292
| +4% | +$106K |
|
47
Sphere Entertainment
SPHR
$5.73B
| $2.93M | 0.79% |
70,040
+18,040
| +35% | +$611K |
|
48
Core Scientific
CORZ
$6.75B
| $2.92M | 0.79% |
+171,071
| New | +$1.71M |
|
49
Zscaler
ZS
$27.3B
| $2.88M | 0.78% |
9,176
+2,351
| +34% | +$586K |
|
50
Cloudflare
NET
$107B
| $2.87M | 0.78% |
14,678
-6,915
| -32% | -$1M |
|
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Sandler Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, Sandler Capital Management held 180 positions worth $370M, down 7.5% from $400M the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Sandler Capital Management withdrew a net $95.1M in Q2 2025, closing 33 positions and reducing 62 holdings. Its most notable exit was Williams Companies, an estimated $5.67M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 17% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, Sandler Capital Management opened a new position in eBay worth $6.29M.
- Sandler Capital Management's largest Q2 2025 buy was eBay: 84,523 shares worth $6.29M.
- Sandler Capital Management added most to Blackrock in Q2 2025, an estimated $3.55M increase.
- Sandler Capital Management's biggest Q2 2025 reduction was Verisk Analytics, cutting an estimated $6.56M.
- Sandler Capital Management fully exited Williams Companies in Q2 2025, selling an estimated $5.67M.
- Sandler Capital Management's ten largest holdings make up 22% of its $370M portfolio in Q2 2025.
- Sandler Capital Management opened 63 new positions and closed 33 in Q2 2025.
- Sandler Capital Management's portfolio value fell 7.5% quarter-over-quarter to $370M.
Based on Sandler Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.