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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 | |
|---|---|---|---|---|---|---|
151
CAVA Group
CAVA
$7.27B
| – | – |
-13,070
| Closed | -$1.13M |
|
152
Chipotle Mexican Grill
CMG
$41.5B
| – | – |
-72,080
| Closed | -$3.62M |
|
153
PUT
Capital One
COF
$134B
| – | – |
-77,500
| Closed | -$13.9M |
|
154
Quest Diagnostics
DGX
$26.3B
| – | – |
-19,993
| Closed | -$3.38M |
|
155
Danaher
DHR
$144B
| – | – |
-4,981
| Closed | -$1.02M |
|
156
Exponent
EXPO
$3.24B
| – | – |
-17,109
| Closed | -$1.39M |
|
157
Fortinet
FTNT
$117B
| – | – |
-22,073
| Closed | -$2.12M |
|
158
PUT
GameStop
GME
$8.6B
| – | – |
-172,300
| Closed | -$3.85M |
|
159
CALL
Alphabet (Google) Class C
GOOG
$4.32T
| – | – |
-47,100
| Closed | -$7.36M |
|
160
GitLab
GTLB
$6.58B
| – | – |
-54,748
| Closed | -$2.57M |
|
161
Home Depot
HD
$355B
| – | – |
-9,132
| Closed | -$3.35M |
|
162
CALL
Robinhood
HOOD
$83.9B
| – | – |
-48,000
| Closed | -$2M |
|
163
lululemon athletica
LULU
$14.6B
| – | – |
-1,711
| Closed | -$484K |
|
164
PUT
Marathon Digital Holdings
MARA
$3.9B
| – | – |
-124,000
| Closed | -$1.43M |
|
165
CALL
Pediatrix Medical
MD
$2.2B
| – | – |
-95,900
| Closed | -$1.39M |
|
166
NetApp
NTAP
$37.2B
| – | – |
-20,154
| Closed | -$1.77M |
|
167
PUT
PACCAR
PCAR
$70.1B
| – | – |
-40,000
| Closed | -$3.89M |
|
168
Rexford Industrial Realty
REXR
$8.19B
| – | – |
-6,000
| Closed | -$235K |
|
169
Repligen
RGEN
$9.25B
| – | – |
-17,389
| Closed | -$2.21M |
|
170
Republic Services
RSG
$65.7B
| – | – |
-6,512
| Closed | -$1.58M |
|
171
Sweetgreen
SG
$642M
| – | – |
-129,620
| Closed | -$3.24M |
|
172
Bio-Techne
TECH
$11.3B
| – | – |
-27,020
| Closed | -$1.36M |
|
173
Trex
TREX
$5.01B
| – | – |
-44,911
| Closed | -$2.61M |
|
174
Uber
UBER
$153B
| – | – |
-54,222
| Closed | -$3.95M |
|
|
175
Williams Companies
WMB
$86.1B
| – | – |
-94,840
| Closed | -$5.67M |
|
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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.