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SCM
Sandler Capital Management Portfolio holdings
AUM
$193M
1-Year Est. Return
77.14%
This Fund
S&P 500
This Quarter
Est. Return
+11.68%
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
$803M
AUM Growth
-$118M
(-13%)
Cap. Flow
-$162M
Cap. Flow
% of AUM
-20.11%
Top 10 Holdings %
Top 10 Hldgs %
31.85%
Holding
177
New
42
Increased
29
Reduced
23
Closed
69
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$25M |
| 2 |
Citigroup
C
|
+$17.5M |
| 3 |
Live Nation Entertainment
LYV
|
+$15.5M |
| 4 |
iShares US Transportation ETF
IYT
|
+$10.9M |
| 5 |
Texas Instruments
TXN
|
+$10.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$26.3M |
| 2 |
MSCC
Microsemi Corp
MSCC
|
+$23.2M |
| 3 |
Blackrock
BLK
|
+$21.1M |
| 4 |
Service Corp International
SCI
|
+$17.2M |
| 5 |
Watsco Inc
WSO
|
+$14.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 14.04% |
| 2 | Technology | 13.65% |
| 3 | Financials | 9.16% |
| 4 | Communication Services | 5.73% |
| 5 | Materials | 5.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
PUT
Gogo Inc
GOGO
$606M
| – | – |
-309,200
| Closed | -$3.56M |
|
127
Hershey
HSY
$35.7B
| – | – |
-42,000
| Closed | -$4.51M |
|
128
Integra LifeSciences
IART
$1.39B
| – | – |
-94,260
| Closed | -$5.14M |
|
129
Intercontinental Exchange
ICE
$85.2B
| – | – |
-60,000
| Closed | -$3.96M |
|
130
JetBlue
JBLU
$2.35B
| – | – |
-15,200
| Closed | -$347K |
|
131
Johnson & Johnson
JNJ
$613B
| – | – |
-5,310
| Closed | -$702K |
|
132
Lincoln Electric
LECO
$14.6B
| – | – |
-29,185
| Closed | -$2.69M |
|
133
Lockheed Martin
LMT
$135B
| – | – |
-45,255
| Closed | -$12.6M |
|
134
Lumen
LUMN
$6.65B
| – | – |
-21,300
| Closed | -$509K |
|
135
Southwest Airlines
LUV
$23B
| – | – |
-47,050
| Closed | -$2.92M |
|
|
136
CALL
Live Nation Entertainment
LYV
$42.3B
| – | – |
-236,000
| Closed | -$8.22M |
|
137
Mastercard
MA
$500B
| – | – |
-49,600
| Closed | -$6.02M |
|
138
Mercado Libre
MELI
$96.3B
| – | – |
-9,620
| Closed | -$2.41M |
|
139
MGM Resorts International
MGM
$11.4B
| – | – |
-173,775
| Closed | -$5.44M |
|
140
PUT
Altria Group
MO
$114B
| – | – |
-130,000
| Closed | -$9.68M |
|
141
Nordson
NDSN
$16.9B
| – | – |
-37,252
| Closed | -$4.52M |
|
142
PUT
Nike
NKE
$63.3B
| – | – |
-250,000
| Closed | -$14.8M |
|
143
Parker-Hannifin
PH
$126B
| – | – |
-46,416
| Closed | -$7.42M |
|
144
Pool Corp
POOL
$7.11B
| – | – |
-42,000
| Closed | -$4.94M |
|
145
PTC
PTC
$15.2B
| – | – |
-253,631
| Closed | -$14M |
|
146
Royal Caribbean
RCL
$86.7B
| – | – |
-50,000
| Closed | -$5.46M |
|
147
Repligen
RGEN
$8.3B
| – | – |
-221,070
| Closed | -$9.16M |
|
148
RTX Corp
RTX
$292B
| – | – |
-36,817
| Closed | -$2.83M |
|
149
Revvity
RVTY
$12.9B
| – | – |
-104,220
| Closed | -$7.1M |
|
150
CALL
Steel Dynamics
STLD
$37B
| – | – |
-300,000
| Closed | -$10.7M |
|
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Sandler Capital Management's Q3 2017 Portfolio in Review
As of Q3 2017, Sandler Capital Management held 177 positions worth $803M, down 13% from $922M the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Sandler Capital Management withdrew a net $162M in Q3 2017, closing 69 positions and reducing 23 holdings. Its most notable exit was Blackrock, an estimated $21.1M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 14% of assets, down from 17% a quarter earlier, followed by Technology and Financials.
Against the trend, Sandler Capital Management opened a new position in Meta Platforms (Facebook) worth $25.6M.
- Sandler Capital Management's largest Q3 2017 buy was Meta Platforms (Facebook): 150,000 shares worth $25.6M.
- Sandler Capital Management added most to Norfolk Southern in Q3 2017, an estimated $5.65M increase.
- Sandler Capital Management's biggest Q3 2017 reduction was Visa, cutting an estimated $26.3M.
- Sandler Capital Management fully exited Blackrock in Q3 2017, selling an estimated $21.1M.
- Sandler Capital Management's ten largest holdings make up 32% of its $803M portfolio in Q3 2017.
- Sandler Capital Management opened 42 new positions and closed 69 in Q3 2017.
- Sandler Capital Management's portfolio value fell 13% quarter-over-quarter to $803M.
Based on Sandler Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.