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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
+11.44%
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
$193M
AUM Growth
-$112M
(-37%)
Cap. Flow
-$87.4M
Cap. Flow
% of AUM
-45.23%
Top 10 Holdings %
Top 10 Hldgs %
28.09%
Holding
191
New
50
Increased
17
Reduced
53
Closed
71
Avg Time Held Equity + Options
0.6
years
Top 10 Avg Time Held Equity + Options
0.2
years
Top 20 Avg Time Held Equity + Options
0.3
years
Avg Time Held Equity only
0.7
years
Top 10 Avg Time Held Equity only
0.4
years
Top 20 Avg Time Held Equity only
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Clean Harbors
CLH
|
+$3.01M |
| 2 |
Quest Diagnostics
DGX
|
+$2.91M |
| 3 |
Analog Devices
ADI
|
+$2.33M |
| 4 |
Ametek
AME
|
+$2.28M |
| 5 |
Home Depot
HD
|
+$2.04M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Corning
GLW
|
+$11.2M |
| 2 |
Hologic
HOLX
|
+$5.13M |
| 3 |
RTX Corp
RTX
|
+$4.15M |
| 4 |
Keysight
KEYS
|
+$4.13M |
| 5 |
TE Connectivity
TEL
|
+$3.81M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 24.33% |
| 2 | Technology | 19.84% |
| 3 | Industrials | 19.63% |
| 4 | Communication Services | 10.59% |
| 5 | Real Estate | 7.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Keysight
KEYS
$56.4B
| $9.34M | 4.84% |
33,077
-16,494
| -33% | -$4.13M |
2024 Q4
5 quarters
|
|
2
PUT
TSMC
TSM
$2.14T
| $8.21M | 4.25% |
24,300
-700
| -3% | -$241K |
2025 Q4
1 quarter
|
|
3
TKO Group
TKO
$12.8B
| $6.54M | 3.38% |
32,419
-13,059
| -29% | -$2.67M |
2023 Q3
10 quarters
|
|
4
Madison Square Garden
MSGS
$9.54B
| $5.25M | 2.72% |
16,325
-3,461
| -17% | -$1.03M |
2025 Q2
3 quarters
|
|
5
EastGroup Properties
EGP
$10.6B
| $4.76M | 2.47% |
25,723
+1,548
| +6% | +$289K |
2025 Q1
4 quarters
|
|
6
Prologis
PLD
$120B
| $4.41M | 2.28% |
33,376
-12,487
| -27% | -$1.67M |
2020 Q3
22 quarters
|
|
7
Madison Square Garden
MSGE
$3.68B
| $4.22M | 2.19% |
71,696
+11,948
| +20% | +$707K |
2025 Q2
3 quarters
|
|
8
PUT
Morgan Stanley
MS
$284B
| $4.11M | 2.13% |
25,000
+5,600
| +29% | +$970K |
2025 Q4
1 quarter
|
|
9
PUT
CoreWeave
CRWV
$33.9B
| $3.79M | 1.96% |
+48,900
| New | +$4.24M |
2026 Q1
0 quarters
|
|
10
PUT
Block Inc
XYZ
$46.8B
| $3.61M | 1.87% |
+60,000
| New | +$3.65M |
2026 Q1
0 quarters
|
|
|
11
TSMC
TSM
$2.14T
| $3.5M | 1.81% |
10,357
-7,380
| -42% | -$2.54M |
2025 Q1
4 quarters
|
|
|
12
Clean Harbors
CLH
$16.9B
| $3.16M | 1.64% |
+11,027
| New | +$3.01M |
2026 Q1
0 quarters
|
|
|
13
Quest Diagnostics
DGX
$25.9B
| $2.93M | 1.52% |
+14,955
| New | +$2.91M |
2026 Q1
0 quarters
|
|
14
CALL
Marvell Technology
MRVL
$205B
| $2.88M | 1.49% |
+29,100
| New | +$2.44M |
2026 Q1
0 quarters
|
|
15
Ralph Lauren
RL
$23B
| $2.81M | 1.45% |
8,168
+1,162
| +17% | +$413K |
2025 Q4
1 quarter
|
|
16
CALL
Avery Dennison
AVY
$13.3B
| $2.73M | 1.41% |
15,800
-8,400
| -35% | -$1.54M |
2025 Q4
1 quarter
|
|
|
17
Corning
GLW
$114B
| $2.72M | 1.41% |
19,970
-93,068
| -82% | -$11.2M |
2024 Q3
6 quarters
|
|
18
Forestar Group
FOR
$1.31B
| $2.71M | 1.4% |
110,965
+5,611
| +5% | +$150K |
2025 Q3
2 quarters
|
|
19
CALL
Roku
ROKU
$23B
| $2.56M | 1.33% |
+27,100
| New | +$2.64M |
2026 Q1
0 quarters
|
|
20
CALL
Apple
AAPL
$5.01T
| $2.46M | 1.27% |
9,700
-5,300
| -35% | -$1.38M |
2025 Q4
1 quarter
|
|
21
PUT
Ares Management
ARES
$25.5B
| $2.45M | 1.27% |
+22,500
| New | +$2.99M |
2026 Q1
0 quarters
|
|
22
Live Nation Entertainment
LYV
$39.7B
| $2.4M | 1.24% |
15,706
+597
| +4% | +$90.4K |
2024 Q1
8 quarters
|
|
|
23
Analog Devices
ADI
$192B
| $2.33M | 1.21% |
+7,338
| New | +$2.33M |
2026 Q1
0 quarters
|
|
24
Danaher
DHR
$161B
| $2.32M | 1.2% |
12,250
-2,050
| -14% | -$437K |
2025 Q3
2 quarters
|
|
25
L3Harris
LHX
$46.3B
| $2.28M | 1.18% |
6,604
-613
| -8% | -$214K |
2025 Q3
2 quarters
|
|
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Sandler Capital Management's Q1 2026 Portfolio in Review
As of Q1 2026, Sandler Capital Management held 191 positions worth $193M, down 37% from $305M the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Sandler Capital Management withdrew a net $87.4M in Q1 2026, closing 71 positions and reducing 53 holdings. Its most notable exit was Hologic, an estimated $5.13M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 24% of assets, down from 28% a quarter earlier, followed by Technology and Industrials.
Against the trend, Sandler Capital Management opened a new position in Clean Harbors worth $3.16M.
- Sandler Capital Management's largest Q1 2026 buy was Clean Harbors: 11,027 shares worth $3.16M.
- Sandler Capital Management added most to Hubbell in Q1 2026, an estimated $1.39M increase.
- Sandler Capital Management's biggest Q1 2026 reduction was Corning, cutting an estimated $11.2M.
- Sandler Capital Management fully exited Hologic in Q1 2026, selling an estimated $5.13M.
- Sandler Capital Management's ten largest holdings make up 28% of its $193M portfolio in Q1 2026.
- Sandler Capital Management opened 50 new positions and closed 71 in Q1 2026.
- Sandler Capital Management's portfolio value fell 37% quarter-over-quarter to $193M.
Based on Sandler Capital Management's 13F filing for Q1 2026, filed 15 May 2026.