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Sandler Capital Management Portfolio holdings

AUM $193M
1-Year Est. Return 77.14%
This Fund
S&P 500
This Quarter Est. Return
+5.24%
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
$826M
AUM Growth
-$222M
Cap. Flow
-$252M
Cap. Flow %
-30.48%
Top 10 Hldgs %
24.91%
Holding
194
New
65
Increased
17
Reduced
32
Closed
79

Sector Composition

Rank Sector Weight
1 Industrials 12.94%
2 Healthcare 8.24%
3 Financials 7.86%
4 Communication Services 6.8%
5 Consumer Discretionary 5.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake
Capital Flow
PFPT
176
DELISTED
Proofpoint, Inc.
PFPT
-49,300
Closed -$3.21M
PRAH
177
DELISTED
PRA Health Sciences, Inc.
PRAH
-53,100
Closed -$2.4M
ULTI
178
DELISTED
Ultimate Software Group Inc
ULTI
-27,100
Closed -$5.3M
ARRS
179
DELISTED
ARRIS International plc Ordinary Shares
ARRS
-172,750
Closed -$5.28M
SONC
180
DELISTED
Sonic Corp
SONC
-367,000
Closed -$11.9M
SHLD
181
PUT
DELISTED
Sears Holding Corporation
SHLD
-328,000
Closed -$6.74M
FTRPR
182
DELISTED
Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
-8,250
Closed -$756K
MJN
183
CALL
DELISTED
Mead Johnson Nutrition Company
MJN
-61,100
Closed -$4.82M
JNS
184
PUT
DELISTED
Janus Capital Group Inc
JNS
-782,800
Closed -$11M
BEAV
185
CALL
DELISTED
B/E Aerospace Inc
BEAV
-200,000
Closed -$8.47M
GK
186
DELISTED
G&K Services Inc
GK
-47,249
Closed -$2.97M
OUTR
187
PUT
DELISTED
OUTERWALL INC
OUTR
-437,300
Closed -$16M
GMCR
188
DELISTED
KEURIG GREEN MTN INC
GMCR
-143,100
Closed -$12.9M
BRCM
189
DELISTED
BROADCOM CORP CL-A
BRCM
-209,966
Closed -$12.1M
MW
190
DELISTED
THE MENS WAREHOUSE INC
MW
-103,800
Closed -$1.52M
MW
191
PUT
DELISTED
THE MENS WAREHOUSE INC
MW
-94,800
Closed -$1.39M
WLL
192
PUT
DELISTED
Whiting Petroleum Corporation
WLL
-1,500
Closed -$4.25M
BCR
193
DELISTED
CR Bard Inc.
BCR
-52,000
Closed -$9.85M

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Sandler Capital Management's Q1 2016 Portfolio in Review

As of Q1 2016, Sandler Capital Management held 194 positions worth $826M, down 21% from $1.05B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Sandler Capital Management withdrew a net $252M in Q1 2016, closing 79 positions and reducing 32 holdings. Its most notable exit was iShares Russell 2000 ETF, an estimated $23.4M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 13% of assets, up from 11% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Sandler Capital Management opened a new position in State Street Consumer Discretionary Select Sector SPDR ETF worth $12.7M.

  • Sandler Capital Management's largest Q1 2016 buy was State Street Consumer Discretionary Select Sector SPDR ETF: 320,000 shares worth $12.7M.
  • Sandler Capital Management added most to Gaming and Leisure Properties in Q1 2016, an estimated $6.99M increase.
  • Sandler Capital Management's biggest Q1 2016 reduction was Meta Platforms (Facebook), cutting an estimated $26M.
  • Sandler Capital Management fully exited iShares Russell 2000 ETF in Q1 2016, selling an estimated $23.4M.
  • Sandler Capital Management's ten largest holdings make up 25% of its $826M portfolio in Q1 2016.
  • Sandler Capital Management opened 65 new positions and closed 79 in Q1 2016.
  • Sandler Capital Management's portfolio value fell 21% quarter-over-quarter to $826M.

Based on Sandler Capital Management's 13F filing for Q1 2016, filed 16 May 2016.