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Sandler Capital Management Portfolio holdings
AUM
$193M
1-Year Est. Return
77.14%
This Fund
S&P 500
This Quarter
Est. Return
-1.65%
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
$971M
AUM Growth
-$244M
(-20%)
Cap. Flow
-$168M
Cap. Flow
% of AUM
-17.26%
Top 10 Holdings %
Top 10 Hldgs %
26.66%
Holding
134
New
39
Increased
29
Reduced
29
Closed
25
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$19.1M |
| 2 |
Clean Harbors
CLH
|
+$18.9M |
| 3 |
Vertiv
VRT
|
+$15.1M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$14.9M |
| 5 |
Microsoft
MSFT
|
+$13.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Liberty Media Series C
FWONK
|
+$40.1M |
| 2 |
Live Nation Entertainment
LYV
|
+$35.4M |
| 3 |
Tetra Tech
TTEK
|
+$27M |
| 4 |
WWE
World Wrestling Entertainment
WWE
|
+$22.3M |
| 5 |
RTX Corp
RTX
|
+$22.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.35% |
| 2 | Industrials | 16.73% |
| 3 | Healthcare | 9.58% |
| 4 | Consumer Discretionary | 5.9% |
| 5 | Communication Services | 5.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Hubbell
HUBB
$25.7B
| $33.5M | 3.45% |
107,044
-45,381
| -30% | -$14.5M |
|
2
PUT
GameStop
GME
$9.5B
| $33.5M | 3.45% |
2,033,000
+563,000
| +38% | +$11.2M |
|
|
3
CALL
Live Nation Entertainment
LYV
$41.2B
| $29.1M | 2.99% |
+350,000
| New | +$30.5M |
|
|
HOLX
4
DELISTED
Hologic
HOLX
| $27.5M | 2.83% |
396,524
+10,339
| +3% | +$781K |
|
|
5
Clean Harbors
CLH
$16.1B
| $26.8M | 2.76% |
160,268
+112,047
| +232% | +$18.9M |
|
6
Synopsys
SNPS
$71.5B
| $24.6M | 2.53% |
53,537
-18,314
| -25% | -$8.2M |
|
7
PUT
Valley National Bancorp
VLY
$7.93B
| $22.3M | 2.29% |
2,601,500
+1,081,500
| +71% | +$9.81M |
|
|
P
8
CALL
Everpure Inc
P
$24.8B
| $21.7M | 2.24% |
610,000
+310,000
| +103% | +$11.5M |
|
9
Boston Scientific
BSX
$65.8B
| $20.3M | 2.09% |
384,679
-112,079
| -23% | -$5.88M |
|
|
10
Meta Platforms (Facebook)
META
$1.51T
| $19.6M | 2.02% |
65,243
+63,243
| +3,162% | +$19.1M |
|
|
11
Microsoft
MSFT
$2.84T
| $19.1M | 1.97% |
60,609
+40,159
| +196% | +$13.3M |
|
|
XYZ
12
PUT
Block Inc
XYZ
$45.9B
| $17.7M | 1.82% |
400,000
+300,000
| +300% | +$18.6M |
|
|
13
Vertiv
VRT
$112B
| $17M | 1.75% |
+456,810
| New | +$15.1M |
|
14
PUT
Brunswick
BC
$5.19B
| $15.8M | 1.63% |
+200,000
| New | +$16.5M |
|
|
15
PUT
Meta Platforms (Facebook)
META
$1.51T
| $15.6M | 1.61% |
+52,000
| New | +$15.7M |
|
16
PUT
Seagate
STX
$193B
| $15.2M | 1.56% |
230,000
+30,000
| +15% | +$1.93M |
|
|
17
Alphabet (Google) Class C
GOOG
$3.9T
| $15.1M | 1.56% |
+114,672
| New | +$14.9M |
|
18
NVIDIA
NVDA
$5.01T
| $14.1M | 1.46% |
325,010
-66,850
| -17% | -$3M |
|
19
Rockwell Automation
ROK
$51.4B
| $14M | 1.44% |
49,077
-1,818
| -4% | -$562K |
|
20
Western Digital
WDC
$179B
| $13.7M | 1.41% |
+396,643
| New | +$12.5M |
|
21
PUT
H&R Block
HRB
$5.18B
| $13.7M | 1.41% |
317,600
+17,600
| +6% | +$650K |
|
22
PUT
Upstart Holdings
UPST
$2.58B
| $13.6M | 1.4% |
475,000
+175,000
| +58% | +$7.03M |
|
23
Applied Materials
AMAT
$426B
| $13.5M | 1.39% |
97,300
+40,887
| +72% | +$5.86M |
|
24
PUT
Yum China
YUMC
$14.9B
| $13.2M | 1.36% |
236,300
+5,300
| +2% | +$297K |
|
25
Vulcan Materials
VMC
$36.3B
| $12.7M | 1.31% |
62,852
-98,994
| -61% | -$21.5M |
|
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Sandler Capital Management's Q3 2023 Portfolio in Review
As of Q3 2023, Sandler Capital Management held 134 positions worth $971M, down 20% from $1.21B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Sandler Capital Management withdrew a net $168M in Q3 2023, closing 25 positions and reducing 29 holdings. Its most notable exit was Live Nation Entertainment, an estimated $35.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Sandler Capital Management opened a new position in Vertiv worth $17M.
- Sandler Capital Management's largest Q3 2023 buy was Vertiv: 456,810 shares worth $17M.
- Sandler Capital Management added most to Meta Platforms (Facebook) in Q3 2023, an estimated $19.1M increase.
- Sandler Capital Management's biggest Q3 2023 reduction was Liberty Media Series C, cutting an estimated $40.1M.
- Sandler Capital Management fully exited Live Nation Entertainment in Q3 2023, selling an estimated $35.4M.
- Sandler Capital Management's ten largest holdings make up 27% of its $971M portfolio in Q3 2023.
- Sandler Capital Management opened 39 new positions and closed 25 in Q3 2023.
- Sandler Capital Management's portfolio value fell 20% quarter-over-quarter to $971M.
Based on Sandler Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.