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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 | |
|---|---|---|---|---|---|---|
51
PUT
Medifast
MED
$141M
| $7.49M | 0.77% |
+100,000
| New | +$8.87M |
|
52
Salesforce
CRM
$158B
| $7.36M | 0.76% |
+36,300
| New | +$7.84M |
|
53
iShares S&P Mid-Cap 400 Growth ETF
IJK
$11.2B
| $7.24M | 0.75% |
100,224
+52,763
| +111% | +$3.98M |
|
54
Floor & Decor
FND
$6.68B
| $7.21M | 0.74% |
+79,650
| New | +$8.11M |
|
55
PUT
Signet Jewelers
SIG
$3.76B
| $7.18M | 0.74% |
+100,000
| New | +$7.42M |
|
56
DraftKings
DKNG
$11.9B
| $6.95M | 0.72% |
235,940
-130,156
| -36% | -$3.84M |
|
57
CALL
Procept Biorobotics
PRCT
$1.17B
| $6.93M | 0.71% |
211,200
-38,800
| -16% | -$1.32M |
|
58
Teck Resources
TECK
$32.6B
| $6.84M | 0.7% |
158,750
+43,258
| +37% | +$1.79M |
|
59
Exponent
EXPO
$3.24B
| $6.75M | 0.69% |
78,798
+15,200
| +24% | +$1.37M |
|
60
West Pharmaceutical
WST
$24.9B
| $6.66M | 0.69% |
17,754
+4,754
| +37% | +$1.84M |
|
61
lululemon athletica
LULU
$14.6B
| $6.64M | 0.68% |
+17,214
| New | +$6.58M |
|
62
Mastercard
MA
$493B
| $6.63M | 0.68% |
16,748
+3,045
| +22% | +$1.22M |
|
63
CALL
A.O. Smith
AOS
$8.7B
| $6.61M | 0.68% |
+100,000
| New | +$7.1M |
|
64
PUT
Tenet Healthcare
THC
$21.1B
| $6.59M | 0.68% |
+100,000
| New | +$7.48M |
|
|
PARA
65
PUT
DELISTED
Paramount Global Class B
PARA
| $6.26M | 0.64% |
485,100
-74,900
| -13% | -$1.11M |
|
66
Verisk Analytics
VRSK
$25B
| $6.08M | 0.63% |
25,721
-13,714
| -35% | -$3.23M |
|
67
Visa
V
$677B
| $6.05M | 0.62% |
26,298
+5,160
| +24% | +$1.24M |
|
68
Novanta
NOVT
$6.29B
| $5.8M | 0.6% |
40,452
-71,692
| -64% | -$11.7M |
|
69
Eaton
ETN
$174B
| $5.77M | 0.59% |
27,039
-68,729
| -72% | -$14.8M |
|
70
Palo Alto Networks
PANW
$297B
| $5.65M | 0.58% |
+48,180
| New | +$5.7M |
|
71
InMode
INMD
$880M
| $5.63M | 0.58% |
184,731
-30,740
| -14% | -$1.21M |
|
72
PUT
Gogo Inc
GOGO
$492M
| $5.56M | 0.57% |
465,900
-34,100
| -7% | -$471K |
|
73
PUT
Bank OZK
OZK
$5.61B
| $5.38M | 0.55% |
+145,000
| New | +$5.87M |
|
74
Etsy
ETSY
$7.85B
| $5.32M | 0.55% |
+82,303
| New | +$6.49M |
|
|
75
Tetra Tech
TTEK
$9.07B
| $5M | 0.52% |
164,470
-829,630
| -83% | -$27M |
|
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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.