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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
+8.92%
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
$305M
AUM Growth
-$35.2M
Cap. Flow
-$45.3M
Cap. Flow %
-14.83%
Top 10 Hldgs %
23.22%
Holding
201
New
57
Increased
30
Reduced
54
Closed
60

Top Buys

Rank Stock Value
1
TEL icon
TE Connectivity
TEL
+$3.87M
2
HON icon
Honeywell
HON
+$3.06M
3
MRK icon
Merck
MRK
+$2.62M
4
KEYS icon
Keysight
KEYS
+$2.53M
5
BAC icon
Bank of America
BAC
+$2.47M

Top Sells

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$8.29M
2
LITE icon
Lumentum
LITE
+$5.53M
3
GLW icon
Corning
GLW
+$4.7M
4
TJX icon
TJX Companies
TJX
+$3.95M
5
CLH icon
Clean Harbors
CLH
+$3.84M

Sector Composition

Rank Sector Weight
1 Technology 19.75%
2 Industrials 12.7%
3 Communication Services 10.79%
4 Healthcare 7.54%
5 Consumer Discretionary 5.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ATMU icon
76
Atmus Filtration Technologies
ATMU
$4.16B
$1.52M 0.5%
29,327
-1,808
-6% -$87.5K
MSTR icon
77
PUT
Strategy Inc
MSTR
$38.5B
$1.52M 0.5%
+10,000
New +$2.3M
SNOW icon
78
Snowflake
SNOW
$115B
$1.49M 0.49%
6,805
-10,193
-60% -$2.49M
CRWD icon
79
CrowdStrike
CRWD
$228B
$1.49M 0.49%
+12,732
New +$1.62M
FORM icon
80
FormFactor
FORM
$8.94B
$1.45M 0.48%
+26,019
New +$1.31M
JBL icon
81
Jabil
JBL
$36.1B
$1.41M 0.46%
+6,200
New +$1.32M
COHR icon
82
Coherent
COHR
$65.7B
$1.41M 0.46%
7,638
+2,519
+49% +$377K
MD icon
83
CALL
Pediatrix Medical
MD
$2.13B
$1.35M 0.44%
+63,000
New +$1.29M
SPXC icon
84
SPX Corp
SPXC
$10.8B
$1.32M 0.43%
6,615
-9,390
-59% -$1.92M
MRCY icon
85
Mercury Systems
MRCY
$6.62B
$1.3M 0.43%
17,800
-828
-4% -$61.6K
COST icon
86
Costco
COST
$419B
$1.29M 0.42%
+1,500
New +$1.36M
ABNB icon
87
Airbnb
ABNB
$109B
$1.28M 0.42%
9,397
+4,252
+83% +$530K
CCCX
88
CALL
DELISTED
Churchill Capital Corp X
CCCX
$1.26M 0.41%
+55,000
New +$925K
CHYM
89
PUT
Chime Financial
CHYM
$11.5B
$1.26M 0.41%
+50,000
New +$1.06M
CIEN icon
90
Ciena
CIEN
$57.1B
$1.23M 0.4%
+5,255
New +$1.02M
VST icon
91
Vistra
VST
$48.6B
$1.2M 0.39%
7,463
+2,588
+53% +$471K
TER icon
92
Teradyne
TER
$57.6B
$1.19M 0.39%
+6,123
New +$1.05M
PL icon
93
Planet Labs
PL
$8.55B
$1.18M 0.39%
59,690
-56,749
-49% -$814K
ETN icon
94
Eaton
ETN
$175B
$1.17M 0.38%
3,666
-1,320
-26% -$468K
NVT icon
95
nVent Electric
NVT
$26.8B
$1.16M 0.38%
11,385
-15,127
-57% -$1.57M
UEC icon
96
CALL
Uranium Energy
UEC
$5.67B
$1.13M 0.37%
97,000
-1,800
-2% -$23.6K
VSXY
97
Victoria's Secret
VSXY
$8.05B
$1.13M 0.37%
+20,911
New +$831K
CYBR
98
DELISTED
CyberArk
CYBR
$1.13M 0.37%
2,534
-2,272
-47% -$1.09M
KTOS icon
99
Kratos Defense & Security Solutions
KTOS
$11.7B
$1.12M 0.37%
+14,800
New +$1.21M
META icon
100
Meta Platforms (Facebook)
META
$1.54T
$1.12M 0.37%
1,700
-12,420
-88% -$8.29M
2 3
4
5 6

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CA
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SCPM
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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 2025 Portfolio in Review

As of Q4 2025, Sandler Capital Management held 201 positions worth $305M, down 10% from $340M the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Sandler Capital Management withdrew a net $45.3M in Q4 2025, closing 60 positions and reducing 54 holdings. Its most notable exit was Lumentum, an estimated $5.53M position sold in full.

By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 20% a quarter earlier, followed by Industrials and Communication Services.

Against the trend, Sandler Capital Management opened a new position in TE Connectivity worth $3.81M.

  • Sandler Capital Management's largest Q4 2025 buy was TE Connectivity: 16,737 shares worth $3.81M.
  • Sandler Capital Management added most to Keysight in Q4 2025, an estimated $2.53M increase.
  • Sandler Capital Management's biggest Q4 2025 reduction was Meta Platforms (Facebook), cutting an estimated $8.29M.
  • Sandler Capital Management fully exited Lumentum in Q4 2025, selling an estimated $5.53M.
  • Sandler Capital Management's ten largest holdings make up 23% of its $305M portfolio in Q4 2025.
  • Sandler Capital Management opened 57 new positions and closed 60 in Q4 2025.
  • Sandler Capital Management's portfolio value fell 10% quarter-over-quarter to $305M.

Based on Sandler Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.