We are live on
!
Find out more
SCM
Sandler Capital Management Portfolio holdings
AUM
$193M
1-Year Est. Return
77.14%
This Fund
S&P 500
This Quarter
Est. Return
-6.45%
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
$1.18B
AUM Growth
-$800M
(-40%)
Cap. Flow
-$651M
Cap. Flow
% of AUM
-55.12%
Top 10 Holdings %
Top 10 Hldgs %
37.03%
Holding
153
New
37
Increased
21
Reduced
35
Closed
54
Top Buys
| 1 |
SPDR Gold Trust
GLD
|
+$48.1M |
| 2 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$32.2M |
| 3 |
iShares S&P Mid-Cap 400 Growth ETF
IJK
|
+$22.2M |
| 4 |
Republic Services
RSG
|
+$21.2M |
| 5 |
Keysight
KEYS
|
+$20.5M |
Top Sells
| 1 |
Mastercard
MA
|
+$65.1M |
| 2 |
Fair Isaac
FICO
|
+$37.7M |
| 3 |
Visa
V
|
+$36.3M |
| 4 |
WCN
Waste Connections
WCN
|
+$30.9M |
| 5 |
MLNX
Mellanox Technologies, Ltd.
MLNX
|
+$26.7M |
Sector Composition
| 1 | Technology | 13.95% |
| 2 | Healthcare | 6.46% |
| 3 | Industrials | 5% |
| 4 | Real Estate | 4.56% |
| 5 | Financials | 4.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Waters Corp
WAT
$36.3B
| $56.6M | 4.79% |
+300,000
| New | +$57M |
|
2
AvalonBay Communities
AVB
$27.7B
| $50.5M | 4.28% |
290,390
+76,047
| +35% | +$13.7M |
|
|
3
SPDR Gold Trust
GLD
$130B
| $50.2M | 4.25% |
+414,000
| New | +$48.1M |
|
4
PUT
Booz Allen Hamilton
BAH
$7.83B
| $49.6M | 4.2% |
1,100,000
+53,000
| +5% | +$2.6M |
|
|
5
Keysight
KEYS
$53.4B
| $44.5M | 3.77% |
716,046
+341,046
| +91% | +$20.5M |
|
|
HOUS
6
PUT
DELISTED
Anywhere Real Estate
HOUS
| $38.2M | 3.23% |
2,600,000
-400,000
| -13% | -$7.28M |
|
|
SIVB
7
PUT
DELISTED
SVB Financial Group
SIVB
| $38M | 3.22% |
+200,000
| New | +$48.9M |
|
8
PUT
Invesco CurrencyShares Japanese Yen Trust
FXY
$426M
| $37.7M | 3.2% |
433,300
+10,000
| +2% | +$847K |
|
|
9
CALL
SPDR Gold Trust
GLD
$130B
| $36.4M | 3.08% |
+300,000
| New | +$34.9M |
|
|
10
Visa
V
$682B
| $35.4M | 3% |
268,557
-262,729
| -49% | -$36.3M |
|
|
11
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $33.1M | 2.81% |
+318,000
| New | +$32.2M |
|
12
PUT
Affiliated Managers Group
AMG
$9.77B
| $29.1M | 2.47% |
299,000
+169,000
| +130% | +$19.1M |
|
13
Qiagen
QGEN
$8.49B
| $27.7M | 2.35% |
758,263
+15,579
| +2% | +$579K |
|
|
TUP
14
PUT
DELISTED
Tupperware Brands Corporation
TUP
| $27M | 2.29% |
856,000
+162,000
| +23% | +$5.64M |
|
|
15
CALL
Invesco CurrencyShares Japanese Yen Trust
FXY
$426M
| $23.2M | 1.96% |
266,000
+10,000
| +4% | +$847K |
|
|
MLNX
16
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $22.7M | 1.93% |
246,040
-313,961
| -56% | -$26.7M |
|
17
PUT
Seagate
STX
$171B
| $21.6M | 1.83% |
561,000
-39,000
| -7% | -$1.64M |
|
|
18
Republic Services
RSG
$68.8B
| $20.9M | 1.77% |
+289,251
| New | +$21.2M |
|
|
19
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.8B
| $20.3M | 1.72% |
+424,000
| New | +$22.2M |
|
|
BID
20
PUT
DELISTED
Sotheby's
BID
| $19.9M | 1.68% |
+500,000
| New | +$20.4M |
|
21
Verizon
VZ
$185B
| $19.6M | 1.66% |
+348,857
| New | +$19.8M |
|
22
CALL
Procter & Gamble
PG
$354B
| $18.4M | 1.56% |
+200,000
| New | +$17.9M |
|
23
Vail Resorts
MTN
$5.28B
| $17.6M | 1.49% |
83,535
-7,885
| -9% | -$1.95M |
|
24
Microsoft
MSFT
$2.91T
| $17.3M | 1.46% |
169,909
-95,254
| -36% | -$10.2M |
|
25
PUT
Community Health Systems
CYH
$475M
| $16.5M | 1.4% |
5,841,600
+168,000
| +3% | +$577K |
|
Similar funds
DF
CWRP
PA
GIO
EAM
WWC
CA
JHA
Sandler Capital Management's Q4 2018 Portfolio in Review
As of Q4 2018, Sandler Capital Management held 153 positions worth $1.18B, down 40% from $1.98B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Sandler Capital Management withdrew a net $651M in Q4 2018, closing 54 positions and reducing 35 holdings. Its most notable exit was Mastercard, an estimated $65.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 14% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Sandler Capital Management opened a new position in SPDR Gold Trust worth $50.2M.
- Sandler Capital Management's largest Q4 2018 buy was SPDR Gold Trust: 414,000 shares worth $50.2M.
- Sandler Capital Management added most to Keysight in Q4 2018, an estimated $20.5M increase.
- Sandler Capital Management's biggest Q4 2018 reduction was Visa, cutting an estimated $36.3M.
- Sandler Capital Management fully exited Mastercard in Q4 2018, selling an estimated $65.1M.
- Sandler Capital Management's ten largest holdings make up 37% of its $1.18B portfolio in Q4 2018.
- Sandler Capital Management opened 37 new positions and closed 54 in Q4 2018.
- Sandler Capital Management's portfolio value fell 40% quarter-over-quarter to $1.18B.
Based on Sandler Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.