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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
+8.92%
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
$305M
AUM Growth
-$35.2M
(-10%)
Cap. Flow
-$45.3M
Cap. Flow
% of AUM
-14.83%
Top 10 Holdings %
Top 10 Hldgs %
23.22%
Holding
201
New
57
Increased
30
Reduced
54
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TE Connectivity
TEL
|
+$3.87M |
| 2 |
Honeywell
HON
|
+$3.06M |
| 3 |
Merck
MRK
|
+$2.62M |
| 4 |
Keysight
KEYS
|
+$2.53M |
| 5 |
Bank of America
BAC
|
+$2.47M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$8.29M |
| 2 |
Lumentum
LITE
|
+$5.53M |
| 3 |
Corning
GLW
|
+$4.7M |
| 4 |
TJX Companies
TJX
|
+$3.95M |
| 5 |
Clean Harbors
CLH
|
+$3.84M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.75% |
| 2 | Industrials | 12.7% |
| 3 | Communication Services | 10.79% |
| 4 | Healthcare | 7.54% |
| 5 | Consumer Discretionary | 5.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Certara
CERT
$1.25B
| – | – |
-64,672
| Closed | -$790K |
|
152
Cognex
CGNX
$11.3B
| – | – |
-12,053
| Closed | -$546K |
|
|
153
Clean Harbors
CLH
$16.3B
| – | – |
-16,540
| Closed | -$3.84M |
|
154
CALL
Core Scientific
CORZ
$6.75B
| – | – |
-123,400
| Closed | -$2.21M |
|
155
CALL
D.R. Horton
DHI
$42.3B
| – | – |
-13,400
| Closed | -$2.27M |
|
156
CALL
eBay
EBAY
$49.8B
| – | – |
-29,300
| Closed | -$2.66M |
|
157
e.l.f. Beauty
ELF
$5.81B
| – | – |
-11,014
| Closed | -$1.46M |
|
158
Evercore
EVR
$11.8B
| – | – |
-4,088
| Closed | -$1.38M |
|
159
PUT
Factset
FDS
$10.2B
| – | – |
-1,100
| Closed | -$315K |
|
160
Ferguson
FERG
$49.8B
| – | – |
-8,844
| Closed | -$1.99M |
|
161
Fair Isaac
FICO
$22.5B
| – | – |
-281
| Closed | -$421K |
|
162
Fidelity National Information Services
FIS
$22.1B
| – | – |
-15,401
| Closed | -$1.02M |
|
163
Floor & Decor
FND
$6.68B
| – | – |
-10,418
| Closed | -$768K |
|
164
PUT
Genpact
G
$5.76B
| – | – |
-98,200
| Closed | -$4.11M |
|
165
VanEck Gold Miners ETF
GDX
$27.4B
| – | – |
-33,700
| Closed | -$2.57M |
|
166
GE Aerospace
GE
$384B
| – | – |
-3,802
| Closed | -$1.14M |
|
167
SPDR Gold Trust
GLD
$142B
| – | – |
-7,700
| Closed | -$2.74M |
|
168
CALL
General Motors
GM
$76.8B
| – | – |
-49,000
| Closed | -$2.99M |
|
169
Generac Holdings
GNRC
$12.5B
| – | – |
-7,583
| Closed | -$1.27M |
|
170
CALL
Alphabet (Google) Class C
GOOG
$4.32T
| – | – |
-24,900
| Closed | -$6.06M |
|
171
Groupon
GRPN
$1.02B
| – | – |
-84,986
| Closed | -$1.6M |
|
172
Granite Construction
GVA
$5.62B
| – | – |
-26,750
| Closed | -$2.93M |
|
173
Home Depot
HD
$355B
| – | – |
-6,104
| Closed | -$2.47M |
|
174
PUT
Infosys
INFY
$50.7B
| – | – |
-32,800
| Closed | -$534K |
|
|
175
Lumentum
LITE
$69.3B
| – | – |
-33,994
| Closed | -$5.53M |
|
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Sandler Capital Management's Q4 2025 Portfolio in Review
As of Q4 2025, Sandler Capital Management held 201 positions worth $305M, down 10% from $340M the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Sandler Capital Management withdrew a net $45.3M in Q4 2025, closing 60 positions and reducing 54 holdings. Its most notable exit was Lumentum, an estimated $5.53M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 20% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, Sandler Capital Management opened a new position in TE Connectivity worth $3.81M.
- Sandler Capital Management's largest Q4 2025 buy was TE Connectivity: 16,737 shares worth $3.81M.
- Sandler Capital Management added most to Keysight in Q4 2025, an estimated $2.53M increase.
- Sandler Capital Management's biggest Q4 2025 reduction was Meta Platforms (Facebook), cutting an estimated $8.29M.
- Sandler Capital Management fully exited Lumentum in Q4 2025, selling an estimated $5.53M.
- Sandler Capital Management's ten largest holdings make up 23% of its $305M portfolio in Q4 2025.
- Sandler Capital Management opened 57 new positions and closed 60 in Q4 2025.
- Sandler Capital Management's portfolio value fell 10% quarter-over-quarter to $305M.
Based on Sandler Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.