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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
-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
$861M
AUM Growth
-$263M
Cap. Flow
-$189M
Cap. Flow %
-21.98%
Top 10 Hldgs %
32.51%
Holding
223
New
61
Increased
15
Reduced
41
Closed
95

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$46.5M
2
QQQ icon
Invesco QQQ Trust
QQQ
+$38.1M
3
BRCM
BROADCOM CORP CL-A
BRCM
+$11.4M
4
CLX icon
Clorox
CLX
+$8.41M
5
PYPL icon
PayPal
PYPL
+$8.22M

Top Sells

Rank Stock Value
1
IJK icon
iShares S&P Mid-Cap 400 Growth ETF
IJK
+$21.4M
2
LH icon
Labcorp
LH
+$20.4M
3
V icon
Visa
V
+$17.6M
4
LAZ icon
Lazard
LAZ
+$13.5M
5
A icon
Agilent Technologies
A
+$12.5M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 8.16%
2 Healthcare 7.62%
3 Communication Services 7.54%
4 Industrials 6.18%
5 Technology 3.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMN icon
101
AMN Healthcare
AMN
$1.39B
$1.83M 0.21%
60,883
-282,630
-82% -$9.33M
ABG icon
102
Asbury Automotive
ABG
$3.86B
$1.72M 0.2%
+21,181
New +$1.79M
AGN.PRA
103
DELISTED
Allergan plc
AGN.PRA
$1.6M 0.19%
1,700
+600
+55% +$626K
BKD icon
104
Brookdale Senior Living
BKD
$3.42B
$1.55M 0.18%
67,323
-80,108
-54% -$2.37M
NEOG icon
105
Neogen
NEOG
$2.49B
$1.32M 0.15%
+78,133
New +$1.54M
AOS icon
106
A.O. Smith
AOS
$8.67B
$1.31M 0.15%
40,262
-1,048
-3% -$35.8K
CMCSK
107
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
$1.21M 0.14%
21,180
– –
CRL icon
108
Charles River Laboratories
CRL
$12.6B
$1.09M 0.13%
+17,200
New +$1.24M
JPM icon
109
JPMorgan Chase
JPM
$947B
$1.08M 0.13%
17,800
+6,800
+62% +$445K
BAC icon
110
Bank of America
BAC
$439B
$1.06M 0.12%
67,760
+25,070
+59% +$422K
AMT.PRA
111
DELISTED
American Tower Corporation
AMT.PRA
$989K 0.11%
10,000
– –
CCI.PRA
112
DELISTED
Crown Castle International Corp.
CCI.PRA
$917K 0.11%
9,000
– –
AMSGP
113
DELISTED
Amsurg Corp. 5.25% Mandatory Convertible Pft Stk Ser A-1
AMSGP
$882K 0.1%
6,000
-9,000
-60% -$1.37M
DNR
114
PUT
DELISTED
Denbury Resources, Inc.
DNR
$876K 0.1%
+358,900
New +$1.39M
LH icon
115
Labcorp
LH
$25.7B
$824K 0.1%
8,841
-197,199
-96% -$20.4M
CONE
116
DELISTED
CyrusOne Inc Common Stock
CONE
$817K 0.09%
+25,000
New +$794K
FTRPR
117
DELISTED
Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
$768K 0.09%
+8,250
New +$829K
CHMI
118
Cherry Hill Mortgage Investment Corp
CHMI
$89.6M
$444K 0.05%
29,125
– –
VZ icon
119
Verizon
VZ
$194B
$444K 0.05%
10,200
– –
EQIX icon
120
Equinix
EQIX
$104B
$303K 0.04%
+1,110
New +$304K
VER
121
DELISTED
VEREIT, Inc.
VER
$242K 0.03%
6,260
+3,160
+102% +$132K
GLPI icon
122
Gaming and Leisure Properties
GLPI
$12.8B
$228K 0.03%
+7,665
New +$250K
A icon
123
Agilent Technologies
A
$40.5B
– –
-331,279
Closed -$12.5M
ADSK icon
124
Autodesk
ADSK
$52.6B
– –
-115,676
Closed -$5.79M
ALLE icon
125
Allegion
ALLE
$14.4B
– –
-90,270
Closed -$5.43M
3 4
5
6 7

Similar funds

DF
Downshift Financial Boulder, Colorado $193M AUM
EAM
Exome Asset Management New York $193M AUM 208.51% 1-Year Est. Return
CA
Carson Advisory Athens, Georgia $193M AUM 14.52% 1-Year Est. Return
TDWM
Topel & Distasi Wealth Management Berkeley, California $193M AUM 12.07% 1-Year Est. Return
SCPM
Sea Cliff Partners Management San Francisco, California $194M AUM 8.22% 1-Year Est. Return
TVM
True Vision MN Woodbury, Minnesota $194M AUM 16.51% 1-Year Est. Return
GHI
Gross & Hartman Investments Leola, Pennsylvania $192M AUM
LAII
LM Asset (IM) Inc Vancouver, British Columbia, Canada $192M AUM 105.88% 1-Year Est. Return

Sandler Capital Management's Q3 2015 Portfolio in Review

As of Q3 2015, Sandler Capital Management held 223 positions worth $861M, down 23% from $1.12B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Sandler Capital Management withdrew a net $189M in Q3 2015, closing 95 positions and reducing 41 holdings. Its most notable exit was iShares S&P Mid-Cap 400 Growth ETF, an estimated $21.4M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 8.2% of assets, down from 11% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Sandler Capital Management opened a new position in State Street SPDR S&P 500 ETF Trust worth $44M.

  • Sandler Capital Management's largest Q3 2015 buy was State Street SPDR S&P 500 ETF Trust: 229,400 shares worth $44M.
  • Sandler Capital Management added most to Interface in Q3 2015, an estimated $7.88M increase.
  • Sandler Capital Management's biggest Q3 2015 reduction was Labcorp, cutting an estimated $20.4M.
  • Sandler Capital Management fully exited iShares S&P Mid-Cap 400 Growth ETF in Q3 2015, selling an estimated $21.4M.
  • Sandler Capital Management's ten largest holdings make up 33% of its $861M portfolio in Q3 2015.
  • Sandler Capital Management opened 61 new positions and closed 95 in Q3 2015.
  • Sandler Capital Management's portfolio value fell 23% quarter-over-quarter to $861M.

Based on Sandler Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.