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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
+24.68%
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
$370M
AUM Growth
-$29.9M
(-7.5%)
Cap. Flow
-$95.1M
Cap. Flow
% of AUM
-25.73%
Top 10 Holdings %
Top 10 Hldgs %
22.03%
Holding
180
New
63
Increased
19
Reduced
62
Closed
33
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
eBay
EBAY
|
+$5.99M |
| 2 |
Kenvue
KVUE
|
+$4.14M |
| 3 |
Fidelity National Information Services
FIS
|
+$3.79M |
| 4 |
Ralph Lauren
RL
|
+$3.75M |
| 5 |
Blackrock
BLK
|
+$3.55M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verisk Analytics
VRSK
|
+$6.56M |
| 2 |
Williams Companies
WMB
|
+$5.67M |
| 3 |
Fair Isaac
FICO
|
+$5.22M |
| 4 |
Zimmer Biomet
ZBH
|
+$4.73M |
| 5 |
Intuitive Surgical
ISRG
|
+$4.58M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.43% |
| 2 | Industrials | 17.55% |
| 3 | Communication Services | 9.83% |
| 4 | Healthcare | 6.67% |
| 5 | Consumer Discretionary | 6.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
American Airlines Group
AAL
$10.6B
| $614K | 0.17% |
+54,681
| New | +$586K |
|
127
International Paper
IP
$22B
| $609K | 0.16% |
+13,015
| New | +$615K |
|
128
Liberty Media Series C
FWONK
$25.8B
| $565K | 0.15% |
5,406
-35,379
| -87% | -$3.29M |
|
|
129
Fair Isaac
FICO
$22.5B
| $448K | 0.12% |
245
-2,779
| -92% | -$5.22M |
|
|
AXON
130
Axon Enterprise
AXON
$46.4B
| $382K | 0.1% |
461
-2,419
| -84% | -$1.65M |
|
|
FISV
131
Fiserv Inc
FISV
$27.9B
| $293K | 0.08% |
1,700
-17,760
| -91% | -$3.22M |
|
|
CNR
132
Core Natural Resources Inc
CNR
$4.45B
| $262K | 0.07% |
3,750
-1,250
| -25% | -$88.9K |
|
133
Qualcomm
QCOM
$176B
| $255K | 0.07% |
1,600
-300
| -16% | -$44.2K |
|
134
Entegris
ENTG
$23.2B
| $242K | 0.07% |
+3,000
| New | +$228K |
|
135
Western Digital
WDC
$150B
| $240K | 0.06% |
+3,750
| New | +$179K |
|
136
Broadcom
AVGO
$2.04T
| $234K | 0.06% |
850
-7,516
| -90% | -$1.63M |
|
137
STAG Industrial
STAG
$7.19B
| $229K | 0.06% |
+6,300
| New | +$218K |
|
138
AvalonBay Communities
AVB
$26.8B
| $224K | 0.06% |
1,100
-50
| -4% | -$10.2K |
|
139
Teck Resources
TECK
$32.6B
| $222K | 0.06% |
5,500
-2,000
| -27% | -$72.2K |
|
140
Gaming and Leisure Properties
GLPI
$12.8B
| $222K | 0.06% |
4,750
| – | – |
|
141
S&P Global
SPGI
$120B
| $211K | 0.06% |
400
-6,949
| -95% | -$3.47M |
|
142
AstraZeneca
AZN
$250B
| $210K | 0.06% |
1,500
-500
| -25% | -$70.1K |
|
143
ON Semiconductor
ON
$31.6B
| $210K | 0.06% |
4,000
-3,066
| -43% | -$133K |
|
144
Crown Castle
CCI
$32.2B
| $205K | 0.06% |
+2,000
| New | +$202K |
|
|
BA.PRA
145
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
$8.27B
| $204K | 0.06% |
3,000
-3,000
| -50% | -$189K |
|
146
Applied Industrial Technologies
AIT
$13.3B
| – | – |
-9,983
| Closed | -$2.25M |
|
147
Atmus Filtration Technologies
ATMU
$4.18B
| – | – |
-39,355
| Closed | -$1.45M |
|
148
Alibaba
BABA
$308B
| – | – |
-8,894
| Closed | -$1.18M |
|
149
CALL
Franklin Resources
BEN
$17.2B
| – | – |
-462,300
| Closed | -$8.9M |
|
150
BJs Wholesale Club
BJ
$12.3B
| – | – |
-20,000
| Closed | -$2.28M |
|
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Sandler Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, Sandler Capital Management held 180 positions worth $370M, down 7.5% from $400M the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Sandler Capital Management withdrew a net $95.1M in Q2 2025, closing 33 positions and reducing 62 holdings. Its most notable exit was Williams Companies, an estimated $5.67M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 17% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, Sandler Capital Management opened a new position in eBay worth $6.29M.
- Sandler Capital Management's largest Q2 2025 buy was eBay: 84,523 shares worth $6.29M.
- Sandler Capital Management added most to Blackrock in Q2 2025, an estimated $3.55M increase.
- Sandler Capital Management's biggest Q2 2025 reduction was Verisk Analytics, cutting an estimated $6.56M.
- Sandler Capital Management fully exited Williams Companies in Q2 2025, selling an estimated $5.67M.
- Sandler Capital Management's ten largest holdings make up 22% of its $370M portfolio in Q2 2025.
- Sandler Capital Management opened 63 new positions and closed 33 in Q2 2025.
- Sandler Capital Management's portfolio value fell 7.5% quarter-over-quarter to $370M.
Based on Sandler Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.