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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
+14.62%
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
$871M
AUM Growth
-$271M
Cap. Flow
-$340M
Cap. Flow %
-39.01%
Top 10 Hldgs %
34.55%
Holding
131
New
22
Increased
21
Reduced
24
Closed
62

Top Buys

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$32.8M
2
META icon
Meta Platforms (Facebook)
META
+$23.5M
3
AAPL icon
Apple
AAPL
+$16M
4
KSU
Kansas City Southern
KSU
+$15.5M
5
MSFT icon
Microsoft
MSFT
+$14M

Top Sells

Rank Stock Value
1
ABT icon
Abbott
ABT
+$22.7M
2
IJK icon
iShares S&P Mid-Cap 400 Growth ETF
IJK
+$18.1M
3
AVB icon
AvalonBay Communities
AVB
+$16.1M
4
RGEN icon
Repligen
RGEN
+$11.1M
5
VMC icon
Vulcan Materials
VMC
+$8.19M

Sector Composition

Rank Sector Weight
1 Financials 14.9%
2 Industrials 13.82%
3 Technology 13.23%
4 Healthcare 9.01%
5 Communication Services 4.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DB icon
76
PUT
Deutsche Bank
DB
$71.5B
– –
-800,000
Closed -$6M
DHI icon
77
D.R. Horton
DHI
$42.3B
– –
-154,000
Closed -$8.12M
EA
78
DELISTED
Electronic Arts
EA
– –
-4,350
Closed -$426K
ELV icon
79
Elevance Health
ELV
$85.5B
– –
-1,350
Closed -$324K
ENTG icon
80
Entegris
ENTG
$23.2B
– –
-5,100
Closed -$240K
FCPT icon
81
Four Corners Property Trust
FCPT
$2.75B
– –
-16,300
Closed -$461K
FLS icon
82
PUT
Flowserve
FLS
$10.2B
– –
-400,000
Closed -$18.7M
GE icon
83
PUT
GE Aerospace
GE
$384B
– –
-401,273
Closed -$17.9M
GES
84
PUT
DELISTED
Guess Inc
GES
– –
-400,000
Closed -$7.41M
GIII icon
85
PUT
G-III Apparel Group
GIII
$1.5B
– –
-400,000
Closed -$10.3M
GM icon
86
General Motors
GM
$76.8B
– –
-7,000
Closed -$262K
HOUS
87
PUT
DELISTED
Anywhere Real Estate
HOUS
– –
-1,104,000
Closed -$7.38M
IHI icon
88
iShares US Medical Devices ETF
IHI
$3.38B
– –
-7,200
Closed -$297K
IJK icon
89
iShares S&P Mid-Cap 400 Growth ETF
IJK
$11.2B
– –
-324,000
Closed -$18.1M
ISRG icon
90
Intuitive Surgical
ISRG
$134B
– –
-36,288
Closed -$6.53M
JBHT icon
91
PUT
JB Hunt Transport Services
JBHT
$25.2B
– –
-254,500
Closed -$28.2M
JNPR
92
PUT
DELISTED
Juniper Networks
JNPR
– –
-400,000
Closed -$9.9M
JPM icon
93
PUT
JPMorgan Chase
JPM
$950B
– –
-210,000
Closed -$24.7M
JWN
94
PUT
DELISTED
Nordstrom
JWN
– –
-150,000
Closed -$5.05M
KEYS icon
95
Keysight
KEYS
$58.3B
– –
-2,100
Closed -$204K
KLAC icon
96
KLA
KLAC
$259B
– –
-379,000
Closed -$6.04M
MCO icon
97
Moody's
MCO
$82.7B
– –
-1,050
Closed -$215K
MDT icon
98
Medtronic
MDT
$112B
– –
-57,000
Closed -$6.19M
MO icon
99
PUT
Altria Group
MO
$114B
– –
-370,000
Closed -$15.1M
MRK icon
100
Merck
MRK
$318B
– –
-3,563
Closed -$286K
2 3
4
5 6

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EAM
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CA
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SCPM
Sea Cliff Partners Management San Francisco, California $194M AUM 8.22% 1-Year Est. Return
TVM
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GHI
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LAII
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IA
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Sandler Capital Management's Q4 2019 Portfolio in Review

As of Q4 2019, Sandler Capital Management held 131 positions worth $871M, down 24% from $1.14B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Sandler Capital Management withdrew a net $340M in Q4 2019, closing 62 positions and reducing 24 holdings. Its most notable exit was Abbott, an estimated $22.7M position sold in full.

By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 6.2% a quarter earlier, followed by Industrials and Technology.

Against the trend, Sandler Capital Management opened a new position in Bank of America worth $35.7M.

  • Sandler Capital Management's largest Q4 2019 buy was Bank of America: 1,014,561 shares worth $35.7M.
  • Sandler Capital Management added most to Microsoft in Q4 2019, an estimated $14M increase.
  • Sandler Capital Management's biggest Q4 2019 reduction was Repligen, cutting an estimated $11.1M.
  • Sandler Capital Management fully exited Abbott in Q4 2019, selling an estimated $22.7M.
  • Sandler Capital Management's ten largest holdings make up 35% of its $871M portfolio in Q4 2019.
  • Sandler Capital Management opened 22 new positions and closed 62 in Q4 2019.
  • Sandler Capital Management's portfolio value fell 24% quarter-over-quarter to $871M.

Based on Sandler Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.