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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
+4.01%
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
$1.14B
AUM Growth
-$355M
(-24%)
Cap. Flow
-$327M
Cap. Flow
% of AUM
-28.6%
Top 10 Holdings %
Top 10 Hldgs %
27.17%
Holding
164
New
28
Increased
30
Reduced
31
Closed
55
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Abbott
ABT
|
+$10.8M |
| 2 |
TransUnion
TRU
|
+$10.3M |
| 3 |
Mastercard
MA
|
+$9.97M |
| 4 |
Verisk Analytics
VRSK
|
+$8.53M |
| 5 |
Vail Resorts
MTN
|
+$8.29M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPDR Gold Trust
GLD
|
+$38.5M |
| 2 |
Blackstone
BX
|
+$25.9M |
| 3 |
Live Nation Entertainment
LYV
|
+$22.2M |
| 4 |
IQVIA
IQV
|
+$17.2M |
| 5 |
Microsoft
MSFT
|
+$15.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 9.82% |
| 2 | Industrials | 8.89% |
| 3 | Financials | 6.18% |
| 4 | Technology | 4.34% |
| 5 | Consumer Discretionary | 3.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
PUT
AMC Entertainment Holdings
AMC
$2.29B
| $8.56M | 0.75% |
80,000
+20,000
| +33% | +$2.18M |
|
52
Bio-Techne
TECH
$11.3B
| $8.48M | 0.74% |
173,380
-34,444
| -17% | -$1.73M |
|
53
D.R. Horton
DHI
$42.1B
| $8.12M | 0.71% |
154,000
-28,023
| -15% | -$1.34M |
|
|
CGC
54
PUT
Canopy Growth
CGC
$415M
| $8.03M | 0.7% |
+35,000
| New | +$10.7M |
|
|
GES
55
PUT
DELISTED
Guess Inc
GES
| $7.41M | 0.65% |
400,000
+200,000
| +100% | +$3.32M |
|
|
HOUS
56
PUT
DELISTED
Anywhere Real Estate
HOUS
| $7.38M | 0.65% |
1,104,000
-600,000
| -35% | -$3.46M |
|
|
HR
57
DELISTED
Healthcare Realty Trust Incorporated
HR
| $7.21M | 0.63% |
215,289
-100,000
| -32% | -$3.28M |
|
58
United Parcel Service
UPS
$89.2B
| $7.19M | 0.63% |
+60,000
| New | +$6.86M |
|
|
DOC
59
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $7.18M | 0.63% |
404,668
-133,220
| -25% | -$2.31M |
|
60
Meritage Homes
MTH
$4.87B
| $6.96M | 0.61% |
+198,000
| New | +$6.18M |
|
61
PUT
Citigroup
C
$226B
| $6.91M | 0.6% |
+100,000
| New | +$6.8M |
|
62
Visa
V
$677B
| $6.54M | 0.57% |
+38,000
| New | +$6.77M |
|
63
Intuitive Surgical
ISRG
$134B
| $6.53M | 0.57% |
36,288
+3,759
| +12% | +$650K |
|
64
PUT
Schneider National
SNDR
$6.27B
| $6.52M | 0.57% |
300,000
-100,000
| -25% | -$1.97M |
|
|
TUP
65
PUT
DELISTED
Tupperware Brands Corporation
TUP
| $6.35M | 0.56% |
400,000
+10,000
| +3% | +$154K |
|
66
Medtronic
MDT
$111B
| $6.19M | 0.54% |
+57,000
| New | +$5.95M |
|
67
KLA
KLAC
$257B
| $6.04M | 0.53% |
+379,000
| New | +$5.3M |
|
68
PUT
Deutsche Bank
DB
$71.6B
| $6M | 0.53% |
800,000
+10,000
| +1% | +$76.1K |
|
|
X
69
PUT
DELISTED
US Steel
X
| $5.78M | 0.51% |
500,000
-397,100
| -44% | -$5.12M |
|
70
PUT
Yeti Holdings
YETI
$3.94B
| $5.6M | 0.49% |
+200,000
| New | +$6.07M |
|
71
Qualcomm
QCOM
$176B
| $5.49M | 0.48% |
71,926
+7,694
| +12% | +$579K |
|
72
Novanta
NOVT
$5.94B
| $5.33M | 0.47% |
65,198
-24,802
| -28% | -$2.02M |
|
73
Kratos Defense & Security Solutions
KTOS
$11.4B
| $5.25M | 0.46% |
282,471
-22,279
| -7% | -$468K |
|
|
JWN
74
PUT
DELISTED
Nordstrom
JWN
| $5.05M | 0.44% |
+150,000
| New | +$4.58M |
|
75
Lockheed Martin
LMT
$135B
| $5.01M | 0.44% |
12,846
-13,110
| -51% | -$4.93M |
|
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IA
Sandler Capital Management's Q3 2019 Portfolio in Review
As of Q3 2019, Sandler Capital Management held 164 positions worth $1.14B, down 24% from $1.5B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Sandler Capital Management withdrew a net $327M in Q3 2019, closing 55 positions and reducing 31 holdings. Its most notable exit was SPDR Gold Trust, an estimated $38.5M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 9.8% of assets, up from 9.2% a quarter earlier, followed by Industrials and Financials.
Against the trend, Sandler Capital Management opened a new position in Verisk Analytics worth $8.7M.
- Sandler Capital Management's largest Q3 2019 buy was Verisk Analytics: 55,000 shares worth $8.7M.
- Sandler Capital Management added most to Abbott in Q3 2019, an estimated $10.8M increase.
- Sandler Capital Management's biggest Q3 2019 reduction was Microsoft, cutting an estimated $15.5M.
- Sandler Capital Management fully exited SPDR Gold Trust in Q3 2019, selling an estimated $38.5M.
- Sandler Capital Management's ten largest holdings make up 27% of its $1.14B portfolio in Q3 2019.
- Sandler Capital Management opened 28 new positions and closed 55 in Q3 2019.
- Sandler Capital Management's portfolio value fell 24% quarter-over-quarter to $1.14B.
Based on Sandler Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.