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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
+7.1%
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
$2.84B
AUM Growth
-$244M
(-7.9%)
Cap. Flow
-$356M
Cap. Flow
% of AUM
-12.55%
Top 10 Holdings %
Top 10 Hldgs %
17.87%
Holding
258
New
84
Increased
38
Reduced
38
Closed
85
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares US Transportation ETF
IYT
|
+$45.4M |
| 2 |
Jones Lang LaSalle
JLL
|
+$35.5M |
| 3 |
NXP Semiconductors
NXPI
|
+$35.2M |
| 4 |
Union Pacific
UNP
|
+$33M |
| 5 |
Walt Disney
DIS
|
+$29.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Helmerich & Payne
HP
|
+$63M |
| 2 |
TripAdvisor
TRIP
|
+$51.8M |
| 3 |
State Street SPDR S&P Regional Banking ETF
KRE
|
+$48M |
| 4 |
Affiliated Managers Group
AMG
|
+$47.3M |
| 5 |
Nike
NKE
|
+$46.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 20.32% |
| 2 | Technology | 9.35% |
| 3 | Materials | 7.49% |
| 4 | Consumer Discretionary | 6.52% |
| 5 | Healthcare | 6.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
KS
1
DELISTED
KapStone Paper and Pack Corp.
KS
| $66.4M | 2.34% |
2,301,993
-1,466,865
| -39% | -$42.8M |
|
2
CALL
Thermo Fisher Scientific
TMO
$211B
| $62.5M | 2.2% |
+520,000
| New | +$61.8M |
|
|
OUTR
3
PUT
DELISTED
OUTERWALL INC
OUTR
| $55.5M | 1.95% |
765,500
+515,500
| +206% | +$35.2M |
|
4
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $51.2M | 1.8% |
+503,500
| New | +$51.1M |
|
|
5
Union Pacific
UNP
$183B
| $49.8M | 1.75% |
531,000
+371,000
| +232% | +$33M |
|
|
6
iShares US Transportation ETF
IYT
$2.33B
| $46.5M | 1.64% |
+1,373,600
| New | +$45.4M |
|
7
CALL
SPDR Gold Trust
GLD
$131B
| $46.4M | 1.63% |
+375,000
| New | +$46.7M |
|
|
WCN
8
Waste Connections
WCN
$42.8B
| $45.3M | 1.59% |
1,547,618
-390,300
| -20% | -$11.1M |
|
9
Kirby Corp
KEX
$7.95B
| $42.7M | 1.5% |
422,100
-200
| -0% | -$20.1K |
|
|
ROC
10
DELISTED
ROCKWOOD HLDGS INC
ROC
| $41.4M | 1.46% |
555,900
+66,400
| +14% | +$4.89M |
|
|
LINE
11
PUT
DELISTED
LINN ENERGY LLC COM UTS REP LTD LIABILITY CO INTS
LINE
| $39.9M | 1.4% |
1,408,000
+3,000
| +0.2% | +$94.6K |
|
|
12
NXP Semiconductors
NXPI
$68B
| $39.7M | 1.4% |
+675,000
| New | +$35.2M |
|
|
13
Helmerich & Payne
HP
$3.53B
| $38.6M | 1.36% |
358,800
-677,500
| -65% | -$63M |
|
14
Home Depot
HD
$332B
| $37.9M | 1.33% |
479,300
+314,300
| +190% | +$25M |
|
|
15
Jones Lang LaSalle
JLL
$15.1B
| $36.5M | 1.29% |
+308,300
| New | +$35.5M |
|
16
Revvity
RVTY
$12.3B
| $36M | 1.27% |
799,249
-10,300
| -1% | -$452K |
|
|
QCOR
17
PUT
DELISTED
QUESTCOR PHARMA INC
QCOR
| $33.8M | 1.19% |
+520,500
| New | +$33.2M |
|
|
PLL
18
DELISTED
PALL CORP
PLL
| $33.1M | 1.17% |
370,200
+220,400
| +147% | +$18.7M |
|
19
Eagle Materials
EXP
$6.6B
| $32M | 1.13% |
361,100
+131,500
| +57% | +$10.8M |
|
20
Marriott International
MAR
$98.7B
| $31.9M | 1.12% |
+569,400
| New | +$29.4M |
|
21
CALL
Edgewell Personal Care
EPC
$1.27B
| $31.1M | 1.1% |
416,841
+248,216
| +147% | +$18.2M |
|
|
22
Walt Disney
DIS
$165B
| $30.8M | 1.08% |
+384,200
| New | +$29.8M |
|
23
Analog Devices
ADI
$181B
| $30.6M | 1.08% |
+576,100
| New | +$29M |
|
|
ESRX
24
CALL
DELISTED
Express Scripts Holding Company
ESRX
| $30.2M | 1.06% |
402,500
+2,500
| +0.6% | +$187K |
|
25
iShares US Home Construction ETF
ITB
$2.41B
| $29.1M | 1.02% |
1,202,400
+1,157,400
| +2,572% | +$28.6M |
|
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Sandler Capital Management's Q1 2014 Portfolio in Review
As of Q1 2014, Sandler Capital Management held 258 positions worth $2.84B, down 7.9% from $3.09B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Sandler Capital Management withdrew a net $356M in Q1 2014, closing 85 positions and reducing 38 holdings. Its most notable exit was State Street SPDR S&P Regional Banking ETF, an estimated $48M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 20% of assets, up from 17% a quarter earlier, followed by Technology and Materials.
Against the trend, Sandler Capital Management opened a new position in iShares US Transportation ETF worth $46.5M.
- Sandler Capital Management's largest Q1 2014 buy was iShares US Transportation ETF: 1,373,600 shares worth $46.5M.
- Sandler Capital Management added most to Union Pacific in Q1 2014, an estimated $33M increase.
- Sandler Capital Management's biggest Q1 2014 reduction was Helmerich & Payne, cutting an estimated $63M.
- Sandler Capital Management fully exited State Street SPDR S&P Regional Banking ETF in Q1 2014, selling an estimated $48M.
- Sandler Capital Management's ten largest holdings make up 18% of its $2.84B portfolio in Q1 2014.
- Sandler Capital Management opened 84 new positions and closed 85 in Q1 2014.
- Sandler Capital Management's portfolio value fell 7.9% quarter-over-quarter to $2.84B.
Based on Sandler Capital Management's 13F filing for Q1 2014, filed 15 May 2014.