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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
-4.01%
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
$861M
AUM Growth
-$263M
(-23%)
Cap. Flow
-$189M
Cap. Flow
% of AUM
-21.98%
Top 10 Holdings %
Top 10 Hldgs %
32.51%
Holding
223
New
61
Increased
15
Reduced
41
Closed
95
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$46.5M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$38.1M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$11.4M |
| 4 |
Clorox
CLX
|
+$8.41M |
| 5 |
PayPal
PYPL
|
+$8.22M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares S&P Mid-Cap 400 Growth ETF
IJK
|
+$21.4M |
| 2 |
Labcorp
LH
|
+$20.4M |
| 3 |
Visa
V
|
+$17.6M |
| 4 |
Lazard
LAZ
|
+$13.5M |
| 5 |
Agilent Technologies
A
|
+$12.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 8.16% |
| 2 | Healthcare | 7.62% |
| 3 | Communication Services | 7.54% |
| 4 | Industrials | 6.18% |
| 5 | Technology | 3.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $44M | 5.11% |
+229,400
| New | +$46.5M |
|
2
Meta Platforms (Facebook)
META
$1.51T
| $37.8M | 4.39% |
419,944
-38,146
| -8% | -$3.5M |
|
|
3
CALL
Visa
V
$677B
| $37.7M | 4.38% |
+541,000
| New | +$38.6M |
|
|
4
Invesco QQQ Trust
QQQ
$455B
| $36.1M | 4.2% |
+355,000
| New | +$38.1M |
|
|
ESRX
5
CALL
DELISTED
Express Scripts Holding Company
ESRX
| $28.3M | 3.29% |
350,000
-50,000
| -13% | -$4.35M |
|
6
PUT
GE Aerospace
GE
$367B
| $25.5M | 2.96% |
+210,999
| New | +$25.9M |
|
|
OUTR
7
PUT
DELISTED
OUTERWALL INC
OUTR
| $20.8M | 2.42% |
366,200
+31,600
| +9% | +$2.17M |
|
8
Live Nation Entertainment
LYV
$41.2B
| $16.8M | 1.95% |
699,539
-83,768
| -11% | -$2.15M |
|
9
Home Depot
HD
$332B
| $16.7M | 1.94% |
144,696
+9,561
| +7% | +$1.11M |
|
|
SNDK
10
CALL
DELISTED
SANDISK CORP
SNDK
| $16.1M | 1.87% |
+296,500
| New | +$16.4M |
|
|
STRZA
11
PUT
DELISTED
Starz - Series A
STRZA
| $15.1M | 1.75% |
+404,500
| New | +$16.2M |
|
|
BID
12
PUT
DELISTED
Sotheby's
BID
| $14.4M | 1.67% |
+449,400
| New | +$17.2M |
|
13
CALL
Johnson & Johnson
JNJ
$635B
| $13.9M | 1.61% |
+148,700
| New | +$14.4M |
|
14
PUT
Bunge Global
BG
$23.6B
| $13.3M | 1.54% |
+181,400
| New | +$14M |
|
15
CALL
A.O. Smith
AOS
$8.38B
| $13M | 1.51% |
400,000
+160,000
| +67% | +$5.47M |
|
16
PUT
Citigroup
C
$222B
| $12.4M | 1.44% |
+250,000
| New | +$13.7M |
|
17
Equifax
EFX
$20.3B
| $12.1M | 1.4% |
124,417
+71,787
| +136% | +$7.13M |
|
|
WBMD
18
PUT
DELISTED
WebMD Health Corp.
WBMD
| $12.1M | 1.4% |
+302,600
| New | +$12.8M |
|
|
MPT
19
Medical Properties Trust
MPT
$2.89B
| $11.8M | 1.38% |
1,070,949
-40,797
| -4% | -$506K |
|
|
BRCM
20
DELISTED
BROADCOM CORP CL-A
BRCM
| $11.4M | 1.33% |
+222,226
| New | +$11.4M |
|
|
NTUS
21
DELISTED
Natus Medical Inc
NTUS
| $11.4M | 1.32% |
288,000
-77,305
| -21% | -$3.29M |
|
22
PUT
Franklin Resources
BEN
$16.9B
| $11.3M | 1.31% |
+303,400
| New | +$13.1M |
|
23
Interface
TILE
$1.91B
| $10.8M | 1.25% |
480,642
+320,642
| +200% | +$7.88M |
|
|
SCTY
24
PUT
DELISTED
SolarCity Corporation
SCTY
| $10.6M | 1.23% |
+248,100
| New | +$12.5M |
|
|
TUP
25
PUT
DELISTED
Tupperware Brands Corporation
TUP
| $9.99M | 1.16% |
201,900
-98,100
| -33% | -$5.5M |
|
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Sandler Capital Management's Q3 2015 Portfolio in Review
As of Q3 2015, Sandler Capital Management held 223 positions worth $861M, down 23% from $1.12B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Sandler Capital Management withdrew a net $189M in Q3 2015, closing 95 positions and reducing 41 holdings. Its most notable exit was iShares S&P Mid-Cap 400 Growth ETF, an estimated $21.4M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 8.2% of assets, down from 11% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Sandler Capital Management opened a new position in State Street SPDR S&P 500 ETF Trust worth $44M.
- Sandler Capital Management's largest Q3 2015 buy was State Street SPDR S&P 500 ETF Trust: 229,400 shares worth $44M.
- Sandler Capital Management added most to Interface in Q3 2015, an estimated $7.88M increase.
- Sandler Capital Management's biggest Q3 2015 reduction was Labcorp, cutting an estimated $20.4M.
- Sandler Capital Management fully exited iShares S&P Mid-Cap 400 Growth ETF in Q3 2015, selling an estimated $21.4M.
- Sandler Capital Management's ten largest holdings make up 33% of its $861M portfolio in Q3 2015.
- Sandler Capital Management opened 61 new positions and closed 95 in Q3 2015.
- Sandler Capital Management's portfolio value fell 23% quarter-over-quarter to $861M.
Based on Sandler Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.