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SCM
Sandler Capital Management Portfolio holdings
AUM
$201M
Turnover
60.23%
1-Year Est. Return
84.92%
This Fund
S&P 500
This Quarter
Est. Return
+5.24%
1 Year Est. Return
+84.92%
3 Year Est. Return
+325.44%
5 Year Est. Return
+552.1%
10 Year Est. Return
+6,288.22%
AUM
$826M
AUM Growth
-$222M
(-21%)
Cap. Flow
-$246M
Cap. Flow
% of AUM
-29.83%
Top 10 Holdings %
Top 10 Hldgs %
24.91%
Holding
194
New
65
Increased
17
Reduced
32
Closed
79
Avg Time Held Equity + Options
0.3
years
Top 10 Avg Time Held Equity + Options
0.2
years
Top 20 Avg Time Held Equity + Options
0.1
years
Avg Time Held Equity only
0.3
years
Top 10 Avg Time Held Equity only
0.2
years
Top 20 Avg Time Held Equity only
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$11.9M |
| 2 |
SNI
Scripps Networks Interactive, Inc Common Class A
SNI
|
+$11.3M |
| 3 |
NLSN
Nielsen Holdings plc
NLSN
|
+$11.2M |
| 4 |
Zimmer Biomet
ZBH
|
+$9.83M |
| 5 |
CVS Health
CVS
|
+$9.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$26M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$23.4M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$20.1M |
| 4 |
Invesco DB Oil Fund
DBO
|
+$19.7M |
| 5 |
First Trust Dow Jones Internet Index Fund ETF
FDN
|
+$16.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 41.84% |
| 2 | Industrials | 13.35% |
| 3 | Healthcare | 8.94% |
| 4 | Financials | 7.86% |
| 5 | Communication Services | 6.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Visa
V
$750B
| $36.5M | 4.42% |
477,440
-106,560
| -18% | -$7.74M |
2015 Q4
1 quarter
|
|
2
PUT
Prudential Financial
PRU
$40.1B
| $32.5M | 3.94% |
+450,000
| New | +$31.4M |
2016 Q1
0 quarters
|
|
|
3
Meta Platforms (Facebook)
META
$1.88T
| $28.1M | 3.41% |
246,570
-246,814
| -50% | -$26M |
2014 Q2
7 quarters
|
|
4
CALL
Citigroup
C
$207B
| $20.9M | 2.53% |
+500,000
| New | +$20.9M |
2016 Q1
0 quarters
|
|
|
BID
5
PUT
DELISTED
Sotheby's
BID
| $16M | 1.94% |
+600,000
| New | +$14.4M |
2016 Q1
0 quarters
|
|
6
CALL
Stanley Black & Decker
SWK
$14B
| $15.8M | 1.91% |
+150,000
| New | +$14.6M |
2016 Q1
0 quarters
|
|
7
PUT
Western Digital
WDC
$133B
| $14.2M | 1.72% |
396,900
+203,742
| +105% | +$7.29M |
2015 Q4
1 quarter
|
|
|
8
CALL
Visa
V
$750B
| $14.1M | 1.71% |
185,000
+85,000
| +85% | +$6.18M |
2015 Q3
2 quarters
|
|
9
CALL
MGM Resorts International
MGM
$7.42B
| $13.9M | 1.69% |
+650,000
| New | +$12.8M |
2016 Q1
0 quarters
|
|
|
SCTY
10
PUT
DELISTED
SolarCity Corporation
SCTY
| $13.6M | 1.64% |
551,400
+469,000
| +569% | +$13.4M |
2015 Q3
2 quarters
|
|
11
Alphabet (Google) Class A
GOOGL
$4.27T
| $12.9M | 1.56% |
337,400
-23,400
| -6% | -$861K |
2015 Q4
1 quarter
|
|
12
PUT
CarMax
KMX
$7.47B
| $12.8M | 1.55% |
+250,000
| New | +$11.8M |
2016 Q1
0 quarters
|
|
13
PUT
DELISTED
Tupperware Brands Corporation
TUP
| $12.8M | 1.54% |
+220,000
| New | +$11.3M |
2016 Q1
0 quarters
|
|
14
Four Corners Property Trust
FCPT
$2.39B
| $12.8M | 1.54% |
710,514
+196,764
| +38% | +$3.3M |
2015 Q4
1 quarter
|
|
15
Republic Services
RSG
$70.3B
| $12.7M | 1.54% |
267,240
-112,360
| -30% | -$5.1M |
2015 Q4
1 quarter
|
|
|
16
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.2B
| $12.7M | 1.53% |
+320,000
| New | +$11.9M |
2016 Q1
0 quarters
|
|
|
SNI
17
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $12.4M | 1.5% |
+189,700
| New | +$11.3M |
2016 Q1
0 quarters
|
|
|
NLSN
18
DELISTED
Nielsen Holdings plc
NLSN
| $12.2M | 1.47% |
+231,120
| New | +$11.2M |
2016 Q1
0 quarters
|
|
19
PUT
Accenture
ACN
$138B
| $11.5M | 1.4% |
+100,000
| New | +$10.3M |
2016 Q1
0 quarters
|
|
20
PUT
Bunge Global
BG
$20.6B
| $11.3M | 1.37% |
200,000
-105,200
| -34% | -$6M |
2015 Q3
2 quarters
|
|
21
PUT
EOG Resources
EOG
$80.1B
| $10.9M | 1.32% |
+150,000
| New | +$10.4M |
2016 Q1
0 quarters
|
|
22
PUT
WisdomTree
WT
$3.27B
| $10.9M | 1.32% |
+950,000
| New | +$11.4M |
2016 Q1
0 quarters
|
|
23
PUT
Canadian Pacific Kansas City
CP
$76.4B
| $10.6M | 1.29% |
+400,000
| New | +$9.75M |
2016 Q1
0 quarters
|
|
|
24
Zimmer Biomet
ZBH
$18B
| $10.5M | 1.27% |
+101,620
| New | +$9.83M |
2016 Q1
0 quarters
|
|
|
25
CVS Health
CVS
$118B
| $10.5M | 1.27% |
+100,800
| New | +$9.8M |
2016 Q1
0 quarters
|
|
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Sandler Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Sandler Capital Management held 194 positions worth $826M, down 21% from $1.05B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Sandler Capital Management withdrew a net $246M in Q1 2016, closing 79 positions and reducing 32 holdings. Its most notable exit was iShares Russell 2000 ETF, an estimated $23.4M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 42% of assets, down from 44% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Sandler Capital Management opened a new position in State Street Consumer Discretionary Select Sector SPDR ETF worth $12.7M.
- Sandler Capital Management's largest Q1 2016 buy was State Street Consumer Discretionary Select Sector SPDR ETF: 320,000 shares worth $12.7M.
- Sandler Capital Management added most to Gaming and Leisure Properties in Q1 2016, an estimated $6.99M increase.
- Sandler Capital Management's biggest Q1 2016 reduction was Meta Platforms (Facebook), cutting an estimated $26M.
- Sandler Capital Management fully exited iShares Russell 2000 ETF in Q1 2016, selling an estimated $23.4M.
- Sandler Capital Management's ten largest holdings make up 25% of its $826M portfolio in Q1 2016.
- Sandler Capital Management opened 65 new positions and closed 79 in Q1 2016.
- Sandler Capital Management's portfolio value fell 21% quarter-over-quarter to $826M.
Based on Sandler Capital Management's 13F filing for Q1 2016, filed 16 May 2016.