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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
-1.65%
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
$971M
AUM Growth
-$244M
Cap. Flow
-$168M
Cap. Flow %
-17.26%
Top 10 Hldgs %
26.66%
Holding
134
New
39
Increased
29
Reduced
29
Closed
25

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$19.1M
2
CLH icon
Clean Harbors
CLH
+$18.9M
3
VRT icon
Vertiv
VRT
+$15.1M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$14.9M
5
MSFT icon
Microsoft
MSFT
+$13.3M

Top Sells

Rank Stock Value
1
FWONK icon
Liberty Media Series C
FWONK
+$40.1M
2
LYV icon
Live Nation Entertainment
LYV
+$35.4M
3
TTEK icon
Tetra Tech
TTEK
+$27M
4
WWE
World Wrestling Entertainment
WWE
+$22.3M
5
RTX icon
RTX Corp
RTX
+$22.1M

Sector Composition

Rank Sector Weight
1 Technology 17.35%
2 Industrials 16.73%
3 Healthcare 9.58%
4 Consumer Discretionary 5.9%
5 Communication Services 5.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EDR
101
DELISTED
Endeavor Group Holdings, Inc.
EDR
$299K 0.03%
+15,000
New +$344K
AZN icon
102
AstraZeneca
AZN
$251B
$271K 0.03%
2,000
– –
BDX icon
103
Becton Dickinson
BDX
$48.4B
$234K 0.02%
905
– –
WTI icon
104
W&T Offshore
WTI
$563M
$219K 0.02%
50,000
– –
FR icon
105
First Industrial Realty Trust
FR
$8.32B
$214K 0.02%
4,500
– –
PLD icon
106
Prologis
PLD
$131B
$213K 0.02%
1,900
– –
QCOM icon
107
Qualcomm
QCOM
$173B
$211K 0.02%
1,900
– –
GLPI icon
108
Gaming and Leisure Properties
GLPI
$12.5B
$210K 0.02%
4,600
– –
AAPL icon
109
PUT
Apple
AAPL
$4.48T
– –
-346,000
Closed -$67.1M
AIT icon
110
Applied Industrial Technologies
AIT
$13.3B
– –
-41,871
Closed -$6.06M
COIN icon
111
PUT
Coinbase
COIN
$39.5B
– –
-600,000
Closed -$42.9M
EQIX icon
112
Equinix
EQIX
$103B
– –
-17,016
Closed -$13.3M
EQR icon
113
Equity Residential
EQR
$24.6B
– –
-3,300
Closed -$218K
ESRT icon
114
PUT
Empire State Realty Trust
ESRT
$809M
– –
-814,000
Closed -$6.1M
FCPT icon
115
Four Corners Property Trust
FCPT
$2.7B
– –
-8,700
Closed -$221K
ISRG icon
116
Intuitive Surgical
ISRG
$137B
– –
-64,087
Closed -$21.9M
LNC icon
117
PUT
Lincoln National
LNC
$8.79B
– –
-375,000
Closed -$9.66M
LYV icon
118
Live Nation Entertainment
LYV
$42.6B
– –
-406,103
Closed -$35.4M
ONT
119
Onterris Inc
ONT
$531M
– –
-246,132
Closed -$10.4M
MRVL icon
120
Marvell Technology
MRVL
$194B
– –
-155,857
Closed -$9.32M
MTH icon
121
Meritage Homes
MTH
$4.69B
– –
-280,996
Closed -$20M
NIO icon
122
PUT
NIO
NIO
$12B
– –
-449,000
Closed -$4.35M
ONON icon
123
On Holding
ONON
$12.9B
– –
-325,546
Closed -$10.7M
PEP icon
124
PepsiCo
PEP
$188B
– –
-55,676
Closed -$10.3M
P
125
Everpure Inc
P
$33B
– –
-222,429
Closed -$8.25M
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 Q3 2023 Portfolio in Review

As of Q3 2023, Sandler Capital Management held 134 positions worth $971M, down 20% from $1.21B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Sandler Capital Management withdrew a net $168M in Q3 2023, closing 25 positions and reducing 29 holdings. Its most notable exit was Live Nation Entertainment, an estimated $35.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Sandler Capital Management opened a new position in Vertiv worth $17M.

  • Sandler Capital Management's largest Q3 2023 buy was Vertiv: 456,810 shares worth $17M.
  • Sandler Capital Management added most to Meta Platforms (Facebook) in Q3 2023, an estimated $19.1M increase.
  • Sandler Capital Management's biggest Q3 2023 reduction was Liberty Media Series C, cutting an estimated $40.1M.
  • Sandler Capital Management fully exited Live Nation Entertainment in Q3 2023, selling an estimated $35.4M.
  • Sandler Capital Management's ten largest holdings make up 27% of its $971M portfolio in Q3 2023.
  • Sandler Capital Management opened 39 new positions and closed 25 in Q3 2023.
  • Sandler Capital Management's portfolio value fell 20% quarter-over-quarter to $971M.

Based on Sandler Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.