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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
+23.27%
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
$995M
AUM Growth
-$55.8M
(-5.3%)
Cap. Flow
-$169M
Cap. Flow
% of AUM
-16.99%
Top 10 Holdings %
Top 10 Hldgs %
37.74%
Holding
99
New
21
Increased
32
Reduced
18
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FedEx
FDX
|
+$28.5M |
| 2 |
KSU
Kansas City Southern
KSU
|
+$15.1M |
| 3 |
Danaher
DHR
|
+$13.4M |
| 4 |
TSMC
TSM
|
+$12.6M |
| 5 |
HOLX
Hologic
HOLX
|
+$12.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
United Parcel Service
UPS
|
+$24.4M |
| 2 |
Cisco
CSCO
|
+$22M |
| 3 |
PayPal
PYPL
|
+$19.9M |
| 4 |
Procter & Gamble
PG
|
+$17.9M |
| 5 |
Microsoft
MSFT
|
+$16.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.83% |
| 2 | Healthcare | 19.68% |
| 3 | Industrials | 10.24% |
| 4 | Financials | 1.8% |
| 5 | Consumer Staples | 1.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Capital One
COF
$127B
| $61.3M | 6.16% |
853,400
+130,400
| +18% | +$8.72M |
|
|
2
Danaher
DHR
$138B
| $55.3M | 5.56% |
289,616
+75,321
| +35% | +$13.4M |
|
3
Charles River Laboratories
CRL
$10.8B
| $39.5M | 3.97% |
174,341
-49,941
| -22% | -$10.4M |
|
|
4
FedEx
FDX
$73.5B
| $35.9M | 3.61% |
+142,687
| New | +$28.5M |
|
5
CALL
Cencora
COR
$60.5B
| $34.6M | 3.48% |
357,500
+82,500
| +30% | +$8.2M |
|
|
ATH
6
PUT
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $33.6M | 3.38% |
986,400
+178,400
| +22% | +$6.14M |
|
7
PUT
MGM Resorts International
MGM
$11.8B
| $30.9M | 3.11% |
1,422,100
-32,900
| -2% | -$652K |
|
|
ANSS
8
DELISTED
Ansys
ANSS
| $29.5M | 2.97% |
90,197
+17,124
| +23% | +$5.36M |
|
9
Akamai
AKAM
$16.4B
| $27.4M | 2.76% |
248,205
-37,736
| -13% | -$4.19M |
|
10
PUT
Brighthouse Financial
BHF
$3.63B
| $27.3M | 2.75% |
1,016,200
+451,200
| +80% | +$13.1M |
|
|
11
TSMC
TSM
$2.07T
| $26.9M | 2.71% |
332,335
+166,305
| +100% | +$12.6M |
|
12
Steris
STE
$21.3B
| $23.5M | 2.36% |
133,536
+25,578
| +24% | +$4.09M |
|
13
Entegris
ENTG
$19.2B
| $22.7M | 2.28% |
305,767
+174,616
| +133% | +$11.7M |
|
|
HOLX
14
DELISTED
Hologic
HOLX
| $22.7M | 2.28% |
340,774
+194,757
| +133% | +$12.3M |
|
15
Advanced Micro Devices
AMD
$807B
| $22.3M | 2.24% |
272,300
+11,110
| +4% | +$825K |
|
16
Fair Isaac
FICO
$29.7B
| $20.6M | 2.07% |
48,421
+12,497
| +35% | +$5.31M |
|
17
PUT
GE Aerospace
GE
$375B
| $18.5M | 1.86% |
596,754
-381,350
| -39% | -$12.4M |
|
|
18
CALL
United Parcel Service
UPS
$96B
| $18.2M | 1.83% |
+109,000
| New | +$15.9M |
|
|
NUAN
19
DELISTED
Nuance Communications, Inc.
NUAN
| $17.9M | 1.8% |
539,565
+109,875
| +26% | +$3.19M |
|
|
20
Procter & Gamble
PG
$346B
| $17M | 1.71% |
122,239
-134,858
| -52% | -$17.9M |
|
21
PUT
Capri Holdings
CPRI
$1.82B
| $16.8M | 1.69% |
935,500
-616,500
| -40% | -$10.5M |
|
|
KSU
22
DELISTED
Kansas City Southern
KSU
| $15.8M | 1.58% |
+87,147
| New | +$15.1M |
|
23
PUT
Assured Guaranty
AGO
$3.78B
| $15.7M | 1.58% |
+730,000
| New | +$16.1M |
|
|
IPHI
24
DELISTED
INPHI CORPORATION
IPHI
| $15.1M | 1.51% |
134,081
+53,125
| +66% | +$6.2M |
|
|
NEWR
25
CALL
DELISTED
New Relic, Inc.
NEWR
| $12.8M | 1.28% |
+226,500
| New | +$13.8M |
|
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Sandler Capital Management's Q3 2020 Portfolio in Review
As of Q3 2020, Sandler Capital Management held 99 positions worth $995M, down 5.3% from $1.05B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Sandler Capital Management withdrew a net $169M in Q3 2020, closing 23 positions and reducing 18 holdings. Its most notable exit was United Parcel Service, an estimated $24.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 24% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Sandler Capital Management opened a new position in FedEx worth $35.9M.
- Sandler Capital Management's largest Q3 2020 buy was FedEx: 142,687 shares worth $35.9M.
- Sandler Capital Management added most to Danaher in Q3 2020, an estimated $13.4M increase.
- Sandler Capital Management's biggest Q3 2020 reduction was Procter & Gamble, cutting an estimated $17.9M.
- Sandler Capital Management fully exited United Parcel Service in Q3 2020, selling an estimated $24.4M.
- Sandler Capital Management's ten largest holdings make up 38% of its $995M portfolio in Q3 2020.
- Sandler Capital Management opened 21 new positions and closed 23 in Q3 2020.
- Sandler Capital Management's portfolio value fell 5.3% quarter-over-quarter to $995M.
Based on Sandler Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.