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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
+8.05%
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
$1.62B
AUM Growth
-$276M
(-15%)
Cap. Flow
-$363M
Cap. Flow
% of AUM
-22.39%
Top 10 Holdings %
Top 10 Hldgs %
17.68%
Holding
281
New
83
Increased
46
Reduced
52
Closed
86
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
United States Oil Fund
USO
|
+$46.5M |
| 2 |
iShares US Aerospace & Defense ETF
ITA
|
+$24.2M |
| 3 |
Labcorp
LH
|
+$19.5M |
| 4 |
State Street SPDR S&P Homebuilders ETF
XHB
|
+$14.4M |
| 5 |
BEAV
B/E Aerospace Inc
BEAV
|
+$13.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares US Medical Devices ETF
IHI
|
+$21.2M |
| 2 |
Humana
HUM
|
+$21M |
| 3 |
Apple
AAPL
|
+$18.2M |
| 4 |
Cardinal Health
CAH
|
+$18.2M |
| 5 |
Universal Health Services
UHS
|
+$17.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 11.34% |
| 2 | Healthcare | 11.32% |
| 3 | Consumer Discretionary | 11.2% |
| 4 | Communication Services | 6.77% |
| 5 | Real Estate | 5.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Landstar System
LSTR
$6.21B
| $1.99M | 0.12% |
30,000
-15,600
| -34% | -$1.06M |
|
177
Honeywell
HON
$78B
| $1.85M | 0.11% |
19,776
-17,840
| -47% | -$1.63M |
|
178
HCA Healthcare
HCA
$89.5B
| $1.38M | 0.09% |
18,300
-31,700
| -63% | -$2.28M |
|
179
Cigna
CI
$74.6B
| $1.29M | 0.08% |
+10,000
| New | +$1.16M |
|
|
HOUS
180
DELISTED
Anywhere Real Estate
HOUS
| $1.14M | 0.07% |
+25,000
| New | +$1.15M |
|
|
ACT.PRA
181
DELISTED
ACTAVIS PLC Pfd Conv Ser A (Irl)
ACT.PRA
| $1.11M | 0.07% |
+1,100
| New | +$1.15M |
|
|
AMT.PRA
182
DELISTED
American Tower Corporation
AMT.PRA
| $1.03M | 0.06% |
+10,000
| New | +$1.08M |
|
|
CCI.PRA
183
DELISTED
Crown Castle International Corp.
CCI.PRA
| $943K | 0.06% |
9,000
| – | – |
|
|
CHMI
184
Cherry Hill Mortgage Investment Corp
CHMI
$88.5M
| $513K | 0.03% |
29,125
| – | – |
|
185
Verizon
VZ
$196B
| $496K | 0.03% |
10,200
-3,800
| -27% | -$183K |
|
186
McDonald's
MCD
$195B
| $341K | 0.02% |
+3,500
| New | +$332K |
|
|
SFLY
187
DELISTED
Shutterfly, Inc.
SFLY
| $226K | 0.01% |
+5,000
| New | +$227K |
|
188
CALL
Alcoa
AA
$13.2B
| – | – |
-332,917
| Closed | -$12.6M |
|
|
189
Apple
AAPL
$4.57T
| – | – |
-658,400
| Closed | -$18.2M |
|
190
Asbury Automotive
ABG
$3.85B
| – | – |
-98,600
| Closed | -$7.49M |
|
191
Automatic Data Processing
ADP
$108B
| – | – |
-76,900
| Closed | -$6.41M |
|
192
CALL
Akamai
AKAM
$15.9B
| – | – |
-290,000
| Closed | -$18.3M |
|
193
Applied Materials
AMAT
$428B
| – | – |
-304,500
| Closed | -$7.59M |
|
194
AutoNation
AN
$6.92B
| – | – |
-96,400
| Closed | -$5.82M |
|
195
PUT
Abercrombie & Fitch
ANF
$5B
| – | – |
-256,800
| Closed | -$7.36M |
|
196
Alexandria Real Estate Equities
ARE
$8.56B
| – | – |
-73,300
| Closed | -$6.5M |
|
197
PUT
Clean Harbors
CLH
$16.3B
| – | – |
-300,000
| Closed | -$14.4M |
|
198
Cencora
COR
$61.2B
| – | – |
-178,500
| Closed | -$16.1M |
|
199
PUT
Capri Holdings
CPRI
$1.74B
| – | – |
-100,000
| Closed | -$7.51M |
|
200
CVS Health
CVS
$122B
| – | – |
-97,500
| Closed | -$9.39M |
|
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Sandler Capital Management's Q1 2015 Portfolio in Review
As of Q1 2015, Sandler Capital Management held 281 positions worth $1.62B, down 15% from $1.9B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Sandler Capital Management withdrew a net $363M in Q1 2015, closing 86 positions and reducing 52 holdings. Its most notable exit was iShares US Medical Devices ETF, an estimated $21.2M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 11% of assets, up from 9.8% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Sandler Capital Management opened a new position in United States Oil Fund worth $43.5M.
- Sandler Capital Management's largest Q1 2015 buy was United States Oil Fund: 323,088 shares worth $43.5M.
- Sandler Capital Management added most to B/E Aerospace Inc in Q1 2015, an estimated $13.4M increase.
- Sandler Capital Management's biggest Q1 2015 reduction was Cardinal Health, cutting an estimated $18.2M.
- Sandler Capital Management fully exited iShares US Medical Devices ETF in Q1 2015, selling an estimated $21.2M.
- Sandler Capital Management's ten largest holdings make up 18% of its $1.62B portfolio in Q1 2015.
- Sandler Capital Management opened 83 new positions and closed 86 in Q1 2015.
- Sandler Capital Management's portfolio value fell 15% quarter-over-quarter to $1.62B.
Based on Sandler Capital Management's 13F filing for Q1 2015, filed 15 May 2015.