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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
+11.42%
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
$1.5B
AUM Growth
+$212M
(+16%)
Cap. Flow
+$215M
Cap. Flow
% of AUM
14.34%
Top 10 Holdings %
Top 10 Hldgs %
24.16%
Holding
181
New
65
Increased
30
Reduced
36
Closed
45
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Blackstone
BX
|
+$23.3M |
| 2 |
SPDR Gold Trust
GLD
|
+$22.9M |
| 3 |
Mastercard
MA
|
+$17.8M |
| 4 |
Clean Harbors
CLH
|
+$16.2M |
| 5 |
Repligen
RGEN
|
+$13.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Keysight
KEYS
|
+$38.5M |
| 2 |
Qiagen
QGEN
|
+$22.7M |
| 3 |
SAIL
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
|
+$17.6M |
| 4 |
NEWR
New Relic, Inc.
NEWR
|
+$15.5M |
| 5 |
Republic Services
RSG
|
+$14.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 9.21% |
| 2 | Financials | 7.99% |
| 3 | Industrials | 6.62% |
| 4 | Technology | 6.48% |
| 5 | Real Estate | 3.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Landstar System
LSTR
$6.8B
| $49.7M | 3.32% |
+460,000
| New | +$49.1M |
|
2
PUT
Chemours
CC
$2.59B
| $48M | 3.21% |
+2,000,000
| New | +$58.9M |
|
3
CALL
Caterpillar
CAT
$409B
| $40.9M | 2.73% |
+300,000
| New | +$39.6M |
|
|
4
SPDR Gold Trust
GLD
$131B
| $38.5M | 2.57% |
288,972
+185,672
| +180% | +$22.9M |
|
5
CALL
Universal Display
OLED
$3.71B
| $37.6M | 2.51% |
+200,000
| New | +$33.3M |
|
6
Fair Isaac
FICO
$28.7B
| $31.3M | 2.09% |
99,636
+35,336
| +55% | +$10.2M |
|
|
7
Mastercard
MA
$477B
| $30.4M | 2.03% |
114,963
+70,963
| +161% | +$17.8M |
|
8
Danaher
DHR
$135B
| $29.6M | 1.98% |
233,790
-33,795
| -13% | -$4M |
|
9
PUT
JB Hunt Transport Services
JBHT
$27.1B
| $27.8M | 1.86% |
+304,500
| New | +$28.7M |
|
10
PUT
Prudential Financial
PRU
$41.7B
| $27.8M | 1.86% |
275,000
+75,000
| +38% | +$7.48M |
|
11
AvalonBay Communities
AVB
$27.1B
| $27.3M | 1.82% |
134,175
+30,245
| +29% | +$6.13M |
|
12
Thermo Fisher Scientific
TMO
$211B
| $26.5M | 1.77% |
90,287
+25,751
| +40% | +$7.09M |
|
|
13
Blackstone
BX
$104B
| $25.9M | 1.73% |
+583,991
| New | +$23.3M |
|
14
PUT
Seagate
STX
$193B
| $25.3M | 1.69% |
535,900
-176,100
| -25% | -$8.19M |
|
15
PUT
Ralph Lauren
RL
$22.2B
| $25M | 1.67% |
+220,000
| New | +$26.4M |
|
16
PUT
Brighthouse Financial
BHF
$3.63B
| $23.1M | 1.54% |
630,000
+37,000
| +6% | +$1.43M |
|
17
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.86B
| $21.4M | 1.43% |
+400,000
| New | +$21.4M |
|
18
PUT
C.H. Robinson
CHRW
$22B
| $21.1M | 1.41% |
+250,000
| New | +$21M |
|
19
Live Nation Entertainment
LYV
$41.2B
| $21M | 1.41% |
317,714
+156,230
| +97% | +$10M |
|
|
20
Clean Harbors
CLH
$16.1B
| $20.6M | 1.38% |
290,103
+232,203
| +401% | +$16.2M |
|
21
PUT
Capital One
COF
$124B
| $20.4M | 1.36% |
+225,000
| New | +$20.1M |
|
22
PUT
B&G Foods
BGS
$285M
| $18.1M | 1.21% |
870,000
+86,000
| +11% | +$1.98M |
|
23
PUT
Tesla
TSLA
$1.24T
| $17.9M | 1.19% |
+1,200,000
| New | +$18.7M |
|
24
PUT
Altria Group
MO
$122B
| $17.5M | 1.17% |
370,000
-130,000
| -26% | -$6.81M |
|
|
25
Repligen
RGEN
$7.44B
| $17.5M | 1.17% |
+203,823
| New | +$13.9M |
|
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Sandler Capital Management's Q2 2019 Portfolio in Review
As of Q2 2019, Sandler Capital Management held 181 positions worth $1.5B, up 16% from $1.29B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Sandler Capital Management deployed $215M of net new capital in Q2 2019, opening 65 new positions and adding to 30 existing holdings. Its largest new stake was Blackstone: 583,991 shares worth $25.9M.
By sector, the portfolio is most concentrated in Healthcare at 9.2% of assets, down from 12% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Keysight, an estimated $38.5M trimmed.
- Sandler Capital Management's largest Q2 2019 buy was Blackstone: 583,991 shares worth $25.9M.
- Sandler Capital Management added most to SPDR Gold Trust in Q2 2019, an estimated $22.9M increase.
- Sandler Capital Management's biggest Q2 2019 reduction was Keysight, cutting an estimated $38.5M.
- Sandler Capital Management fully exited Qiagen in Q2 2019, selling an estimated $22.7M.
- Sandler Capital Management's ten largest holdings make up 24% of its $1.5B portfolio in Q2 2019.
- Sandler Capital Management opened 65 new positions and closed 45 in Q2 2019.
- Sandler Capital Management's portfolio value rose 16% quarter-over-quarter to $1.5B.
Based on Sandler Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.