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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
+10.78%
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
$711M
AUM Growth
-$92.7M
(-12%)
Cap. Flow
-$81.1M
Cap. Flow
% of AUM
-11.42%
Top 10 Holdings %
Top 10 Hldgs %
30.63%
Holding
158
New
47
Increased
18
Reduced
42
Closed
36
Avg Time Held Equity + Options
0.5
years
Top 10 Avg Time Held Equity + Options
0.3
years
Top 20 Avg Time Held Equity + Options
0.2
years
Avg Time Held Equity only
0.6
years
Top 10 Avg Time Held Equity only
0.3
years
Top 20 Avg Time Held Equity only
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NetApp
NTAP
|
+$10.2M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$8.09M |
| 3 |
Republic Services
RSG
|
+$8.06M |
| 4 |
Crown Castle
CCI
|
+$7.23M |
| 5 |
iShares MSCI Emerging Markets ETF
EEM
|
+$6.76M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$25.6M |
| 2 |
Citigroup
C
|
+$18.6M |
| 3 |
RTN
Raytheon Company
RTN
|
+$16.1M |
| 4 |
Entegris
ENTG
|
+$15.5M |
| 5 |
MSCC
Microsemi Corp
MSCC
|
+$13.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 38.36% |
| 2 | Technology | 15.97% |
| 3 | Industrials | 15.34% |
| 4 | Financials | 7.99% |
| 5 | Materials | 5.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
CALL
RTX Corp
RTX
$252B
| $31.9M | 4.49% |
+397,250
| New | +$30.2M |
2017 Q4
0 quarters
|
|
2
PUT
DELISTED
Tupperware Brands Corporation
TUP
| $31.9M | 4.48% |
508,000
-146,000
| -22% | -$8.94M |
2017 Q3
1 quarter
|
|
3
Visa
V
$750B
| $26.4M | 3.72% |
231,787
-51,550
| -18% | -$5.69M |
2015 Q4
8 quarters
|
|
4
CALL
Colgate-Palmolive
CL
$73.9B
| $22.6M | 3.19% |
+300,000
| New | +$21.9M |
2017 Q4
0 quarters
|
|
|
5
Entegris
ENTG
$22.4B
| $22.1M | 3.11% |
725,170
-506,279
| -41% | -$15.5M |
2017 Q1
3 quarters
|
|
|
NUVA
6
PUT
DELISTED
NuVasive, Inc.
NUVA
| $20.5M | 2.89% |
350,500
+100,500
| +40% | +$5.7M |
2017 Q3
1 quarter
|
|
7
CALL
MSC Industrial Direct
MSM
$7.3B
| $18.4M | 2.58% |
+190,000
| New | +$15.9M |
2017 Q4
0 quarters
|
|
8
Live Nation Entertainment
LYV
$40.2B
| $15.4M | 2.17% |
362,660
-37,840
| -9% | -$1.65M |
2017 Q3
1 quarter
|
|
9
PUT
Seagate
STX
$157B
| $14.6M | 2.06% |
350,000
-45,000
| -11% | -$1.72M |
2017 Q3
1 quarter
|
|
10
CME Group
CME
$104B
| $13.8M | 1.94% |
94,500
+26,400
| +39% | +$3.76M |
2016 Q1
7 quarters
|
|
|
CERN
11
PUT
DELISTED
Cerner Corp
CERN
| $13.5M | 1.9% |
+200,000
| New | +$13.8M |
2017 Q4
0 quarters
|
|
12
Service Corp International
SCI
$11B
| $13.1M | 1.85% |
352,084
+57,560
| +20% | +$2.06M |
2016 Q4
4 quarters
|
|
13
PUT
C.H. Robinson
CHRW
$16.8B
| $11.6M | 1.63% |
+130,000
| New | +$10.6M |
2017 Q4
0 quarters
|
|
14
CALL
Vistance Networks Inc
VISN
$1.36B
| $11.3M | 1.6% |
+300,000
| New | +$10.5M |
2017 Q4
0 quarters
|
|
|
15
NetApp
NTAP
$42.2B
| $11.2M | 1.58% |
+203,300
| New | +$10.2M |
2017 Q4
0 quarters
|
|
|
16
PUT
Live Nation Entertainment
LYV
$40.2B
| $10.6M | 1.49% |
248,000
+48,000
| +24% | +$2.09M |
2017 Q3
1 quarter
|
|
17
PUT
Bread Financial
BFH
$3.89B
| $10.1M | 1.43% |
+50,120
| New | +$9.29M |
2017 Q4
0 quarters
|
|
18
JB Hunt Transport Services
JBHT
$22.1B
| $9.84M | 1.38% |
85,540
+45,540
| +114% | +$4.9M |
2017 Q3
1 quarter
|
|
19
PUT
Upbound Group
UPBD
$959M
| $9.46M | 1.33% |
852,500
-7,500
| -0.9% | -$82.1K |
2017 Q3
1 quarter
|
|
20
Teck Resources
TECK
$32.3B
| $9.35M | 1.32% |
357,400
+285,600
| +398% | +$6.51M |
2016 Q4
4 quarters
|
|
21
Bio-Techne
TECH
$11.4B
| $9.12M | 1.28% |
281,448
-40,792
| -13% | -$1.3M |
2017 Q2
2 quarters
|
|
22
PUT
Snap-on
SNA
$18.9B
| $8.98M | 1.26% |
51,500
+1,500
| +3% | +$243K |
2017 Q3
1 quarter
|
|
|
MIME
23
DELISTED
Mimecast Limited
MIME
| $8.9M | 1.25% |
310,510
+93,260
| +43% | +$2.78M |
2016 Q4
4 quarters
|
|
24
Exponent
EXPO
$3.44B
| $8.73M | 1.23% |
245,640
-15,880
| -6% | -$583K |
2016 Q3
5 quarters
|
|
25
Texas Instruments
TXN
$255B
| $8.56M | 1.21% |
82,000
-47,000
| -36% | -$4.58M |
2017 Q3
1 quarter
|
|
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Sandler Capital Management's Q4 2017 Portfolio in Review
As of Q4 2017, Sandler Capital Management held 158 positions worth $711M, down 12% from $803M the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Sandler Capital Management withdrew a net $81.1M in Q4 2017, closing 36 positions and reducing 42 holdings. Its most notable exit was Meta Platforms (Facebook), an estimated $25.6M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 38% of assets, down from 42% a quarter earlier, followed by Technology and Industrials.
Against the trend, Sandler Capital Management opened a new position in NetApp worth $11.2M.
- Sandler Capital Management's largest Q4 2017 buy was NetApp: 203,300 shares worth $11.2M.
- Sandler Capital Management added most to Crown Castle in Q4 2017, an estimated $7.23M increase.
- Sandler Capital Management's biggest Q4 2017 reduction was Raytheon Company, cutting an estimated $16.1M.
- Sandler Capital Management fully exited Meta Platforms (Facebook) in Q4 2017, selling an estimated $25.6M.
- Sandler Capital Management's ten largest holdings make up 31% of its $711M portfolio in Q4 2017.
- Sandler Capital Management opened 47 new positions and closed 36 in Q4 2017.
- Sandler Capital Management's portfolio value fell 12% quarter-over-quarter to $711M.
Based on Sandler Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.