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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 | |
|---|---|---|---|---|---|---|
201
Deckers Outdoor
DECK
$13.3B
| – | – |
-416,400
| Closed | -$6.32M |
|
202
Elevance Health
ELV
$85.5B
| – | – |
-35,400
| Closed | -$4.45M |
|
203
PUT
Enova International
ENVA
$6.29B
| – | – |
-481,400
| Closed | -$10.7M |
|
204
FedEx
FDX
$75.4B
| – | – |
-97,900
| Closed | -$17M |
|
205
CALL
Fortinet
FTNT
$117B
| – | – |
-1,148,000
| Closed | -$7.04M |
|
206
PUT
Gildan
GIL
$10.6B
| – | – |
-675,200
| Closed | -$19.1M |
|
207
Corning
GLW
$143B
| – | – |
-687,400
| Closed | -$15.8M |
|
208
PUT
GameStop
GME
$8.6B
| – | – |
-552,000
| Closed | -$4.66M |
|
209
CALL
Alphabet (Google) Class C
GOOG
$4.32T
| – | – |
-3,008,237
| Closed | -$79M |
|
210
PUT
Helmerich & Payne
HP
$3.71B
| – | – |
-150,000
| Closed | -$10.1M |
|
211
Host Hotels & Resorts
HST
$16B
| – | – |
-283,500
| Closed | -$6.74M |
|
|
212
Humana
HUM
$46.2B
| – | – |
-145,950
| Closed | -$21M |
|
|
213
iShares US Medical Devices ETF
IHI
$3.38B
| – | – |
-1,125,000
| Closed | -$21.2M |
|
214
IPG Photonics
IPGP
$3.84B
| – | – |
-29,100
| Closed | -$2.18M |
|
215
Coca-Cola
KO
$375B
| – | – |
-10,000
| Closed | -$422K |
|
216
Lands' End
LE
$403M
| – | – |
-71,800
| Closed | -$3.87M |
|
217
Lincoln Electric
LECO
$15.4B
| – | – |
-54,300
| Closed | -$3.75M |
|
218
CALL
lululemon athletica
LULU
$14.6B
| – | – |
-377,700
| Closed | -$21.1M |
|
219
CALL
Macy's
M
$6.68B
| – | – |
-38,300
| Closed | -$2.52M |
|
220
CALL
MGM Resorts International
MGM
$11.2B
| – | – |
-300,000
| Closed | -$6.41M |
|
221
Middleby
MIDD
$6.08B
| – | – |
-60,617
| Closed | -$6.01M |
|
222
Micron Technology
MU
$991B
| – | – |
-215,000
| Closed | -$7.53M |
|
223
PUT
Northern Oil and Gas
NOG
$2.35B
| – | – |
-15,080
| Closed | -$852K |
|
224
Parker-Hannifin
PH
$135B
| – | – |
-27,900
| Closed | -$3.6M |
|
225
PUT
Patterson-UTI
PTEN
$3.76B
| – | – |
-886,500
| Closed | -$14.7M |
|
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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.