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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
$1.14B
AUM Growth
-$355M
(-24%)
Cap. Flow
-$327M
Cap. Flow
% of AUM
-28.6%
Top 10 Holdings %
Top 10 Hldgs %
27.17%
Holding
164
New
28
Increased
30
Reduced
31
Closed
55
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Abbott
ABT
|
+$10.8M |
| 2 |
TransUnion
TRU
|
+$10.3M |
| 3 |
Mastercard
MA
|
+$9.97M |
| 4 |
Verisk Analytics
VRSK
|
+$8.53M |
| 5 |
Vail Resorts
MTN
|
+$8.29M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPDR Gold Trust
GLD
|
+$38.5M |
| 2 |
Blackstone
BX
|
+$25.9M |
| 3 |
Live Nation Entertainment
LYV
|
+$22.2M |
| 4 |
IQVIA
IQV
|
+$17.2M |
| 5 |
Microsoft
MSFT
|
+$15.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 9.82% |
| 2 | Industrials | 8.89% |
| 3 | Financials | 6.18% |
| 4 | Technology | 4.34% |
| 5 | Consumer Discretionary | 3.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
S&P Global
SPGI
$120B
| $220K | 0.02% |
900
-350
| -28% | -$87.5K |
|
102
Pfizer
PFE
$153B
| $219K | 0.02% |
6,429
| – | – |
|
103
Moody's
MCO
$82.7B
| $215K | 0.02% |
1,050
-58,745
| -98% | -$12.3M |
|
104
United Rentals
URI
$72.4B
| $212K | 0.02% |
1,700
-450
| -21% | -$54.6K |
|
105
Keysight
KEYS
$58.3B
| $204K | 0.02% |
2,100
-66,110
| -97% | -$6.12M |
|
106
ON Semiconductor
ON
$31.6B
| $192K | 0.02% |
10,000
| – | – |
|
107
PUT
Alaska Air
ALK
$5.58B
| – | – |
-200,000
| Closed | -$12.8M |
|
108
Bank of America
BAC
$442B
| – | – |
-500,000
| Closed | -$14.5M |
|
109
Blackrock
BLK
$176B
| – | – |
-25,930
| Closed | -$12.2M |
|
110
Boot Barn
BOOT
$4.95B
| – | – |
-113,620
| Closed | -$4.05M |
|
|
111
Blackstone
BX
$110B
| – | – |
-583,991
| Closed | -$25.9M |
|
112
CALL
Caterpillar
CAT
$387B
| – | – |
-300,000
| Closed | -$40.9M |
|
|
113
Caterpillar
CAT
$387B
| – | – |
-2,100
| Closed | -$286K |
|
114
PUT
C.H. Robinson
CHRW
$17.5B
| – | – |
-250,000
| Closed | -$21.1M |
|
115
PUT
Capital One
COF
$134B
| – | – |
-225,000
| Closed | -$20.4M |
|
116
PUT
Community Health Systems
CYH
$423M
| – | – |
-1,260,000
| Closed | -$3.36M |
|
117
PUT
Deere & Co
DE
$168B
| – | – |
-40,000
| Closed | -$6.63M |
|
118
PUT
Dell
DELL
$293B
| – | – |
-591,900
| Closed | -$15.2M |
|
119
PUT
DXC Technology
DXC
$1.73B
| – | – |
-200,000
| Closed | -$11M |
|
120
PUT
iShares MSCI Mexico ETF
EWW
$1.99B
| – | – |
-300,000
| Closed | -$13M |
|
121
First American
FAF
$7.58B
| – | – |
-143,359
| Closed | -$7.7M |
|
122
PUT
Freeport-McMoran
FCX
$97.5B
| – | – |
-1,000,000
| Closed | -$11.6M |
|
|
123
SPDR Gold Trust
GLD
$141B
| – | – |
-288,972
| Closed | -$38.5M |
|
124
PUT
Hormel Foods
HRL
$13.8B
| – | – |
-275,600
| Closed | -$11.2M |
|
|
125
IQVIA
IQV
$39.3B
| – | – |
-106,902
| Closed | -$17.2M |
|
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Sandler Capital Management's Q3 2019 Portfolio in Review
As of Q3 2019, Sandler Capital Management held 164 positions worth $1.14B, down 24% from $1.5B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Sandler Capital Management withdrew a net $327M in Q3 2019, closing 55 positions and reducing 31 holdings. Its most notable exit was SPDR Gold Trust, an estimated $38.5M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 9.8% of assets, up from 9.2% a quarter earlier, followed by Industrials and Financials.
Against the trend, Sandler Capital Management opened a new position in Verisk Analytics worth $8.7M.
- Sandler Capital Management's largest Q3 2019 buy was Verisk Analytics: 55,000 shares worth $8.7M.
- Sandler Capital Management added most to Abbott in Q3 2019, an estimated $10.8M increase.
- Sandler Capital Management's biggest Q3 2019 reduction was Microsoft, cutting an estimated $15.5M.
- Sandler Capital Management fully exited SPDR Gold Trust in Q3 2019, selling an estimated $38.5M.
- Sandler Capital Management's ten largest holdings make up 27% of its $1.14B portfolio in Q3 2019.
- Sandler Capital Management opened 28 new positions and closed 55 in Q3 2019.
- Sandler Capital Management's portfolio value fell 24% quarter-over-quarter to $1.14B.
Based on Sandler Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.