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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
+20.09%
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
$855M
AUM Growth
-$140M
(-14%)
Cap. Flow
-$267M
Cap. Flow
% of AUM
-31.25%
Top 10 Holdings %
Top 10 Hldgs %
35.22%
Holding
103
New
27
Increased
24
Reduced
14
Closed
30
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$16.4M |
| 2 |
Cencora
COR
|
+$14.5M |
| 3 |
Rio Tinto
RIO
|
+$14.4M |
| 4 |
iShares S&P Mid-Cap 400 Growth ETF
IJK
|
+$13.7M |
| 5 |
Vulcan Materials
VMC
|
+$10.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FedEx
FDX
|
+$20M |
| 2 |
Danaher
DHR
|
+$18.1M |
| 3 |
Procter & Gamble
PG
|
+$17.1M |
| 4 |
Advanced Micro Devices
AMD
|
+$14.9M |
| 5 |
Akamai
AKAM
|
+$14.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.66% |
| 2 | Healthcare | 19.76% |
| 3 | Industrials | 9.08% |
| 4 | Financials | 5.7% |
| 5 | Materials | 3.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
PUT
Capital One
COF
$134B
| – | – |
-853,400
| Closed | -$61.3M |
|
|
77
CALL
Cencora
COR
$61.2B
| – | – |
-357,500
| Closed | -$34.6M |
|
78
PUT
Capri Holdings
CPRI
$1.74B
| – | – |
-935,500
| Closed | -$16.8M |
|
79
Salesforce
CRM
$158B
| – | – |
-45,679
| Closed | -$11.5M |
|
80
DexCom
DXCM
$32B
| – | – |
-37,096
| Closed | -$3.82M |
|
81
Expeditors International
EXPD
$23.2B
| – | – |
-82,003
| Closed | -$7.42M |
|
82
PUT
GE Aerospace
GE
$384B
| – | – |
-596,754
| Closed | -$18.5M |
|
83
iShares US Home Construction ETF
ITB
$2.41B
| – | – |
-162,646
| Closed | -$9.21M |
|
84
JB Hunt Transport Services
JBHT
$25.2B
| – | – |
-65,000
| Closed | -$8.21M |
|
85
Knight Transportation
KNX
$11.4B
| – | – |
-46,708
| Closed | -$1.9M |
|
86
Lockheed Martin
LMT
$136B
| – | – |
-8,500
| Closed | -$3.26M |
|
87
Lam Research
LRCX
$390B
| – | – |
-115,110
| Closed | -$3.82M |
|
88
PUT
Macy's
M
$6.68B
| – | – |
-1,961,300
| Closed | -$11.2M |
|
89
PUT
MGM Resorts International
MGM
$11.2B
| – | – |
-1,422,100
| Closed | -$30.9M |
|
90
Microsoft
MSFT
$3.71T
| – | – |
-1,100
| Closed | -$231K |
|
91
Norfolk Southern
NSC
$75.1B
| – | – |
-56,243
| Closed | -$12M |
|
|
92
Procter & Gamble
PG
$339B
| – | – |
-122,239
| Closed | -$17.1M |
|
93
Thermo Fisher Scientific
TMO
$220B
| – | – |
-25,900
| Closed | -$11.4M |
|
94
CALL
United Parcel Service
UPS
$88.9B
| – | – |
-109,000
| Closed | -$18.2M |
|
95
Veeva Systems
VEEV
$37.4B
| – | – |
-43,445
| Closed | -$12.2M |
|
96
W&T Offshore
WTI
$518M
| – | – |
-35,000
| Closed | -$63K |
|
|
X
97
PUT
DELISTED
US Steel
X
| – | – |
-1,104,200
| Closed | -$8.11M |
|
|
GAP
98
PUT
The Gap Inc
GAP
$7.37B
| – | – |
-422,100
| Closed | -$7.19M |
|
|
QVCGA
99
PUT
DELISTED
QVC Group Inc Series A
QVCGA
| – | – |
-16,200
| Closed | -$5.82M |
|
|
SPLK
100
DELISTED
Splunk Inc
SPLK
| – | – |
-26,845
| Closed | -$5.05M |
|
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Sandler Capital Management's Q4 2020 Portfolio in Review
As of Q4 2020, Sandler Capital Management held 103 positions worth $855M, down 14% from $995M the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Sandler Capital Management withdrew a net $267M in Q4 2020, closing 30 positions and reducing 14 holdings. Its most notable exit was Procter & Gamble, an estimated $17.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 27% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Sandler Capital Management opened a new position in Visa worth $17.5M.
- Sandler Capital Management's largest Q4 2020 buy was Visa: 80,000 shares worth $17.5M.
- Sandler Capital Management added most to MKS Inc in Q4 2020, an estimated $7.25M increase.
- Sandler Capital Management's biggest Q4 2020 reduction was FedEx, cutting an estimated $20M.
- Sandler Capital Management fully exited Procter & Gamble in Q4 2020, selling an estimated $17.1M.
- Sandler Capital Management's ten largest holdings make up 35% of its $855M portfolio in Q4 2020.
- Sandler Capital Management opened 27 new positions and closed 30 in Q4 2020.
- Sandler Capital Management's portfolio value fell 14% quarter-over-quarter to $855M.
Based on Sandler Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.