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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
+11.68%
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
$803M
AUM Growth
-$118M
(-13%)
Cap. Flow
-$162M
Cap. Flow
% of AUM
-20.11%
Top 10 Holdings %
Top 10 Hldgs %
31.85%
Holding
177
New
42
Increased
29
Reduced
23
Closed
69
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$25M |
| 2 |
Citigroup
C
|
+$17.5M |
| 3 |
Live Nation Entertainment
LYV
|
+$15.5M |
| 4 |
iShares US Transportation ETF
IYT
|
+$10.9M |
| 5 |
Texas Instruments
TXN
|
+$10.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$26.3M |
| 2 |
MSCC
Microsemi Corp
MSCC
|
+$23.2M |
| 3 |
Blackrock
BLK
|
+$21.1M |
| 4 |
Service Corp International
SCI
|
+$17.2M |
| 5 |
Watsco Inc
WSO
|
+$14.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 14.04% |
| 2 | Technology | 13.65% |
| 3 | Financials | 9.16% |
| 4 | Communication Services | 5.73% |
| 5 | Materials | 5.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TUP
1
PUT
DELISTED
Tupperware Brands Corporation
TUP
| $40.4M | 5.03% |
+654,000
| New | +$40.3M |
|
2
Entegris
ENTG
$19.7B
| $35.5M | 4.42% |
1,231,449
+144,769
| +13% | +$3.68M |
|
3
PUT
Jabil
JBL
$32.8B
| $32.8M | 4.08% |
1,148,400
+148,400
| +15% | +$4.49M |
|
|
4
Visa
V
$677B
| $29.8M | 3.71% |
283,337
-259,500
| -48% | -$26.3M |
|
|
5
Meta Platforms (Facebook)
META
$1.51T
| $25.6M | 3.19% |
+150,000
| New | +$25M |
|
|
RTN
6
DELISTED
Raytheon Company
RTN
| $18.9M | 2.36% |
101,556
-22,690
| -18% | -$4M |
|
|
7
Citigroup
C
$222B
| $18.6M | 2.32% |
+255,800
| New | +$17.5M |
|
8
PUT
Herbalife
HLF
$1.23B
| $18.4M | 2.29% |
+542,800
| New | +$18.6M |
|
9
CALL
PayPal
PYPL
$49.5B
| $18.2M | 2.27% |
284,600
+34,600
| +14% | +$2.07M |
|
|
10
Live Nation Entertainment
LYV
$41.2B
| $17.4M | 2.17% |
+400,500
| New | +$15.5M |
|
11
PUT
Capital One
COF
$124B
| $16.5M | 2.05% |
194,700
+117,200
| +151% | +$9.66M |
|
|
CY
12
CALL
DELISTED
Cypress Semiconductor
CY
| $15.2M | 1.89% |
1,009,000
+309,000
| +44% | +$4.32M |
|
|
KS
13
CALL
DELISTED
KapStone Paper and Pack Corp.
KS
| $14.1M | 1.76% |
+658,400
| New | +$14.6M |
|
|
NUVA
14
PUT
DELISTED
NuVasive, Inc.
NUVA
| $13.9M | 1.73% |
+250,000
| New | +$16.5M |
|
|
SYNT
15
PUT
DELISTED
Syntel Inc
SYNT
| $13.7M | 1.71% |
699,400
+81,500
| +13% | +$1.49M |
|
|
MSCC
16
DELISTED
Microsemi Corp
MSCC
| $13.3M | 1.65% |
257,600
-461,256
| -64% | -$23.2M |
|
17
PUT
Seagate
STX
$193B
| $13.1M | 1.63% |
+395,000
| New | +$13.4M |
|
|
QVCGA
18
PUT
DELISTED
QVC Group Inc Series A
QVCGA
| $11.8M | 1.47% |
10,319
+4,139
| +67% | +$4.64M |
|
|
19
Texas Instruments
TXN
$255B
| $11.6M | 1.44% |
+129,000
| New | +$10.6M |
|
|
20
iShares US Transportation ETF
IYT
$2.33B
| $11.4M | 1.42% |
+256,000
| New | +$10.9M |
|
21
United Rentals
URI
$71.1B
| $11M | 1.37% |
+79,450
| New | +$9.49M |
|
22
Norfolk Southern
NSC
$78.8B
| $10.9M | 1.35% |
82,100
+46,450
| +130% | +$5.65M |
|
23
International Paper
IP
$22.3B
| $10.7M | 1.33% |
+198,000
| New | +$10.4M |
|
24
PUT
Hasbro
HAS
$12.6B
| $10.5M | 1.3% |
+107,000
| New | +$10.9M |
|
|
NEWR
25
DELISTED
New Relic, Inc.
NEWR
| $10.2M | 1.27% |
+205,000
| New | +$9.68M |
|
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Sandler Capital Management's Q3 2017 Portfolio in Review
As of Q3 2017, Sandler Capital Management held 177 positions worth $803M, down 13% from $922M the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Sandler Capital Management withdrew a net $162M in Q3 2017, closing 69 positions and reducing 23 holdings. Its most notable exit was Blackrock, an estimated $21.1M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 14% of assets, down from 17% a quarter earlier, followed by Technology and Financials.
Against the trend, Sandler Capital Management opened a new position in Meta Platforms (Facebook) worth $25.6M.
- Sandler Capital Management's largest Q3 2017 buy was Meta Platforms (Facebook): 150,000 shares worth $25.6M.
- Sandler Capital Management added most to Norfolk Southern in Q3 2017, an estimated $5.65M increase.
- Sandler Capital Management's biggest Q3 2017 reduction was Visa, cutting an estimated $26.3M.
- Sandler Capital Management fully exited Blackrock in Q3 2017, selling an estimated $21.1M.
- Sandler Capital Management's ten largest holdings make up 32% of its $803M portfolio in Q3 2017.
- Sandler Capital Management opened 42 new positions and closed 69 in Q3 2017.
- Sandler Capital Management's portfolio value fell 13% quarter-over-quarter to $803M.
Based on Sandler Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.