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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 | |
|---|---|---|---|---|---|---|
176
Lockheed Martin
LMT
$136B
| – | – |
-2,394
| Closed | -$1.2M |
|
177
Cheniere Energy
LNG
$52.9B
| – | – |
-6,221
| Closed | -$1.46M |
|
178
Lindsay Corp
LNN
$1.18B
| – | – |
-5,943
| Closed | -$835K |
|
179
Microchip Technology
MCHP
$46B
| – | – |
-10,545
| Closed | -$677K |
|
180
Pediatrix Medical
MD
$2.2B
| – | – |
-33,752
| Closed | -$692K |
|
181
PUT
Nike
NKE
$61.9B
| – | – |
-29,600
| Closed | -$2.06M |
|
182
CALL
Nokia
NOK
$52.3B
| – | – |
-150,000
| Closed | -$722K |
|
183
Nutanix
NTNX
$16.9B
| – | – |
-12,875
| Closed | -$958K |
|
184
CALL
Okta
OKTA
$25.8B
| – | – |
-39,000
| Closed | -$3.58M |
|
185
Pan American Silver
PAAS
$21.6B
| – | – |
-43,681
| Closed | -$1.69M |
|
186
Parker-Hannifin
PH
$135B
| – | – |
-2,533
| Closed | -$1.92M |
|
187
CALL
Peloton Interactive
PTON
$2.49B
| – | – |
-116,400
| Closed | -$1.05M |
|
188
Repligen
RGEN
$9.25B
| – | – |
-11,304
| Closed | -$1.51M |
|
189
PUT
Roku
ROKU
$22.7B
| – | – |
-100,000
| Closed | -$10M |
|
190
iShares Silver Trust
SLV
$30.9B
| – | – |
-59,000
| Closed | -$2.5M |
|
191
Spotify
SPOT
$100B
| – | – |
-4,407
| Closed | -$3.08M |
|
192
CALL
Bio-Techne
TECH
$11.3B
| – | – |
-39,500
| Closed | -$2.2M |
|
|
193
TJX Companies
TJX
$178B
| – | – |
-27,325
| Closed | -$3.95M |
|
194
CALL
Toll Brothers
TOL
$14.5B
| – | – |
-9,700
| Closed | -$1.34M |
|
195
PUT
Tesla
TSLA
$1.3T
| – | – |
-9,700
| Closed | -$4.31M |
|
196
Textron
TXT
$15.4B
| – | – |
-18,900
| Closed | -$1.6M |
|
197
United Rentals
URI
$72.4B
| – | – |
-1,381
| Closed | -$1.32M |
|
198
Vertiv
VRT
$105B
| – | – |
-14,831
| Closed | -$2.24M |
|
199
Warner Bros
WBD
$67.1B
| – | – |
-41,744
| Closed | -$815K |
|
200
Zillow
ZG
$7.63B
| – | – |
-6,523
| Closed | -$486K |
|
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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.