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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
-1.05%
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
$400M
AUM Growth
-$563M
Cap. Flow
-$549M
Cap. Flow %
-137.44%
Top 10 Hldgs %
24.07%
Holding
190
New
39
Increased
14
Reduced
56
Closed
72

Top Buys

Rank Stock Value
1
SXT icon
Sensient Technologies
SXT
+$5.74M
2
TLN
Talen Energy Corp
TLN
+$5.32M
3
ZBH icon
Zimmer Biomet
ZBH
+$4.47M
4
KEYS icon
Keysight
KEYS
+$4.44M
5
TDY icon
Teledyne Technologies
TDY
+$3.99M

Top Sells

Rank Stock Value
1
SHOP icon
Shopify
SHOP
+$13.7M
2
NET icon
Cloudflare
NET
+$11M
3
CRL icon
Charles River Laboratories
CRL
+$10.7M
4
MRVL icon
Marvell Technology
MRVL
+$10.4M
5
MSFT icon
Microsoft
MSFT
+$10M

Sector Composition

Rank Sector Weight
1 Industrials 19.04%
2 Technology 16.83%
3 Healthcare 11.07%
4 Consumer Discretionary 7.29%
5 Communication Services 6.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LITE icon
101
Lumentum
LITE
$69.3B
$1.02M 0.26%
16,397
-110,390
-87% -$8.49M
DHR icon
102
Danaher
DHR
$144B
$1.02M 0.26%
+4,981
New +$1.09M
COHR icon
103
Coherent
COHR
$74.2B
$948K 0.24%
14,600
-39,200
-73% -$3.25M
CMI icon
104
Cummins
CMI
$88.7B
$608K 0.15%
1,941
-18,567
-91% -$6.54M
LULU icon
105
lululemon athletica
LULU
$14.6B
$484K 0.12%
+1,711
New +$628K
CNR
106
Core Natural Resources Inc
CNR
$4.45B
$386K 0.1%
+5,000
New +$422K
BA.PRA
107
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
$8.27B
$359K 0.09%
6,000
– –
AZN icon
108
AstraZeneca
AZN
$250B
$294K 0.07%
2,000
– –
QCOM icon
109
Qualcomm
QCOM
$176B
$292K 0.07%
1,900
– –
ON icon
110
ON Semiconductor
ON
$31.6B
$288K 0.07%
7,066
– –
TECK icon
111
Teck Resources
TECK
$32.6B
$273K 0.07%
7,500
– –
AVB icon
112
AvalonBay Communities
AVB
$26.8B
$247K 0.06%
1,150
– –
GLPI icon
113
Gaming and Leisure Properties
GLPI
$12.8B
$242K 0.06%
4,750
+150
+3% +$7.37K
REXR icon
114
Rexford Industrial Realty
REXR
$8.19B
$235K 0.06%
+6,000
New +$240K
PLD icon
115
Prologis
PLD
$133B
$224K 0.06%
2,000
+100
+5% +$11.6K
AAON icon
116
Aaon
AAON
$7.77B
– –
-33,904
Closed -$3.99M
AAPL icon
117
PUT
Apple
AAPL
$4.57T
– –
-66,200
Closed -$16.6M
ABR icon
118
PUT
Arbor Realty Trust
ABR
$998M
– –
-786,100
Closed -$10.9M
ADI icon
119
Analog Devices
ADI
$190B
– –
-12,093
Closed -$2.57M
ANET icon
120
Arista Networks
ANET
$238B
– –
-71,715
Closed -$7.93M
BA icon
121
Boeing
BA
$185B
– –
-11,161
Closed -$1.98M
BG icon
122
PUT
Bunge Global
BG
$20.8B
– –
-164,900
Closed -$12.8M
BXMT icon
123
PUT
Blackstone Mortgage Trust
BXMT
$2.38B
– –
-670,900
Closed -$11.7M
C icon
124
PUT
Citigroup
C
$226B
– –
-199,500
Closed -$14M
CBRE icon
125
CBRE Group
CBRE
$42.9B
– –
-15,122
Closed -$1.99M
3 4
5
6 7

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CA
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GHI
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LAII
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IA
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Sandler Capital Management's Q1 2025 Portfolio in Review

As of Q1 2025, Sandler Capital Management held 190 positions worth $400M, down 59% from $963M the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Sandler Capital Management withdrew a net $549M in Q1 2025, closing 72 positions and reducing 56 holdings. Its most notable exit was Charles River Laboratories, an estimated $10.7M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 19% of assets, up from 16% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Sandler Capital Management opened a new position in Sensient Technologies worth $5.86M.

  • Sandler Capital Management's largest Q1 2025 buy was Sensient Technologies: 78,796 shares worth $5.86M.
  • Sandler Capital Management added most to Keysight in Q1 2025, an estimated $4.44M increase.
  • Sandler Capital Management's biggest Q1 2025 reduction was Shopify, cutting an estimated $13.7M.
  • Sandler Capital Management fully exited Charles River Laboratories in Q1 2025, selling an estimated $10.7M.
  • Sandler Capital Management's ten largest holdings make up 24% of its $400M portfolio in Q1 2025.
  • Sandler Capital Management opened 39 new positions and closed 72 in Q1 2025.
  • Sandler Capital Management's portfolio value fell 59% quarter-over-quarter to $400M.

Based on Sandler Capital Management's 13F filing for Q1 2025, filed 15 May 2025.