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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
+7.12%
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
$2.39B
AUM Growth
-$456M
(-16%)
Cap. Flow
-$600M
Cap. Flow
% of AUM
-25.17%
Top 10 Holdings %
Top 10 Hldgs %
19.49%
Holding
265
New
88
Increased
19
Reduced
61
Closed
79
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Blackrock
BLK
|
+$37.2M |
| 2 |
Colgate-Palmolive
CL
|
+$33.7M |
| 3 |
Lazard
LAZ
|
+$27.9M |
| 4 |
OCR
OMNICARE INC
OCR
|
+$25.6M |
| 5 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$23.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KS
KapStone Paper and Pack Corp.
KS
|
+$57.8M |
| 2 |
iShares US Transportation ETF
IYT
|
+$46.5M |
| 3 |
Union Pacific
UNP
|
+$38.9M |
| 4 |
Home Depot
HD
|
+$37.9M |
| 5 |
Eagle Materials
EXP
|
+$32M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 11.97% |
| 2 | Financials | 8.21% |
| 3 | Healthcare | 7.99% |
| 4 | Technology | 6.77% |
| 5 | Consumer Discretionary | 4.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
Qualcomm
QCOM
$176B
| $77.4M | 3.25% |
+977,500
| New | +$77.7M |
|
|
2
Blackrock
BLK
$164B
| $64.9M | 2.72% |
202,940
+121,440
| +149% | +$37.2M |
|
3
CALL
SPDR Gold Trust
GLD
$131B
| $46.5M | 1.95% |
363,100
-11,900
| -3% | -$1.48M |
|
|
PLL
4
DELISTED
PALL CORP
PLL
| $46.4M | 1.94% |
542,800
+172,600
| +47% | +$14.8M |
|
5
Jones Lang LaSalle
JLL
$15.1B
| $44.5M | 1.87% |
352,200
+43,900
| +14% | +$5.29M |
|
|
MIC
6
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $43.8M | 1.84% |
703,000
+278,900
| +66% | +$16.5M |
|
|
LINE
7
PUT
DELISTED
LINN ENERGY LLC COM UTS REP LTD LIABILITY CO INTS
LINE
| $40.5M | 1.7% |
1,250,900
-157,100
| -11% | -$4.61M |
|
|
8
Colgate-Palmolive
CL
$72.6B
| $34.5M | 1.45% |
506,400
+502,400
| +12,560% | +$33.7M |
|
|
TUP
9
PUT
DELISTED
Tupperware Brands Corporation
TUP
| $33.5M | 1.4% |
+400,000
| New | +$33.6M |
|
10
Sensata Technologies
ST
$6.65B
| $33M | 1.38% |
706,208
+124,800
| +21% | +$5.45M |
|
11
NXP Semiconductors
NXPI
$68B
| $31.7M | 1.33% |
478,400
-196,600
| -29% | -$12M |
|
12
Skyworks Solutions
SWKS
$9.06B
| $31.1M | 1.3% |
662,500
-70,600
| -10% | -$2.97M |
|
13
Kirby Corp
KEX
$7.95B
| $31M | 1.3% |
264,800
-157,300
| -37% | -$16.9M |
|
14
Visa
V
$677B
| $29.4M | 1.23% |
557,600
+360,800
| +183% | +$18.9M |
|
|
15
Lazard
LAZ
$4.37B
| $29.2M | 1.23% |
+567,100
| New | +$27.9M |
|
|
OUTR
16
PUT
DELISTED
OUTERWALL INC
OUTR
| $28.8M | 1.21% |
485,800
-279,700
| -37% | -$18.9M |
|
|
OCR
17
DELISTED
OMNICARE INC
OCR
| $27.4M | 1.15% |
+411,200
| New | +$25.6M |
|
18
Walt Disney
DIS
$165B
| $27.1M | 1.14% |
316,200
-68,000
| -18% | -$5.55M |
|
|
SDRL
19
PUT
DELISTED
Seadrill Limited Common Stock
SDRL
| $26.2M | 1.1% |
2,449
+1,120
| +84% | +$10.9M |
|
20
Revvity
RVTY
$12.3B
| $25.4M | 1.06% |
542,249
-257,000
| -32% | -$11.5M |
|
|
MCRS
21
DELISTED
MICROS SYSTEMS INC
MCRS
| $25.1M | 1.05% |
369,600
-53,300
| -13% | -$2.92M |
|
|
MJN
22
DELISTED
Mead Johnson Nutrition Company
MJN
| $24.9M | 1.04% |
+266,800
| New | +$23.3M |
|
23
PUT
Waters Corp
WAT
$36.8B
| $24.6M | 1.03% |
+235,300
| New | +$24.7M |
|
24
PUT
Edgewell Personal Care
EPC
$1.27B
| $23.9M | 1% |
+263,730
| New | +$21.7M |
|
|
ROC
25
DELISTED
ROCKWOOD HLDGS INC
ROC
| $23.3M | 0.98% |
306,700
-249,200
| -45% | -$18.3M |
|
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Sandler Capital Management's Q2 2014 Portfolio in Review
As of Q2 2014, Sandler Capital Management held 265 positions worth $2.39B, down 16% from $2.84B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Sandler Capital Management withdrew a net $600M in Q2 2014, closing 79 positions and reducing 61 holdings. Its most notable exit was iShares US Transportation ETF, an estimated $46.5M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 12% of assets, down from 20% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Sandler Capital Management opened a new position in Lazard worth $29.2M.
- Sandler Capital Management's largest Q2 2014 buy was Lazard: 567,100 shares worth $29.2M.
- Sandler Capital Management added most to Blackrock in Q2 2014, an estimated $37.2M increase.
- Sandler Capital Management's biggest Q2 2014 reduction was KapStone Paper and Pack Corp., cutting an estimated $57.8M.
- Sandler Capital Management fully exited iShares US Transportation ETF in Q2 2014, selling an estimated $46.5M.
- Sandler Capital Management's ten largest holdings make up 19% of its $2.39B portfolio in Q2 2014.
- Sandler Capital Management opened 88 new positions and closed 79 in Q2 2014.
- Sandler Capital Management's portfolio value fell 16% quarter-over-quarter to $2.39B.
Based on Sandler Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.