CIK: 0001000742
Total reported value
$193.1M
Reporting period: 2026-03-31 · Number of holdings: 120
SANDLER CAPITAL MANAGEMENT disclosed 120 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $193.1M and a quarterly turnover rate of 103.9%.
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Sandler Capital Management's disclosed holdings carry a Herfindahl concentration index of 0.017 — mathematically equivalent to about 59 equally-sized positions, well below its 120 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.99), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim GLW
-89.4% -$13.7M
Trim APH
-85.8% -$5.9M
Trim GOOG
-85.0% -$3.8M
Trim AVY
-58.9% -$4.3M
Trim RTX
-68.2% -$3.7M
Trim AAPL
-57.0% -$3.7M
Showing top 117 holdings (of 120 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 6.06% | — | -18.91% | |
| 2 | KEYS | Keysight Technologies In | Stock-Tech | 4.84% | — | -33.27% | |
| 3 | TKO | Tko Group Holdings INC | Stock-Comm Services | 3.38% | +0.27% | -28.71% | |
| 4 | MSGS | Madison Square Garden Sports | Stock-Comm Services | 2.72% | — | -17.49% | |
| 5 | EGP | Eastgroup Properties INC | Stock-Real Estate | 2.47% | — | +6.40% | |
| 6 | PLD | Prologis INC | Stock-Real Estate | 2.28% | — | -27.23% | |
| 7 | MSGE | Madison Square Garden Entert | Stock-Other | 2.19% | — | +20.00% | |
| 8 | MS | Morgan Stanley | Stock-Financials | 2.13% | — | +28.87% | |
| 9 | CRWV | Coreweave Inc-cl A | Stock-Tech | 1.96% | +1.96% | NEW | |
| 10 | XYZ | Block INC | Stock-Financials | 1.87% | +1.87% | NEW | |
| 11 | MRVL | Marvell Technology INC | Stock-Tech | 1.76% | +1.76% | NEW | |
| 12 | CLH | Clean Harbors INC | Stock-Industrials | 1.64% | +1.64% | NEW | |
| 13 | HNGE | Hinge Health Inc-a | Stock-Other | 1.59% | — | +58.91% | |
| 14 | DGX | Quest Diagnostics INC | Stock-Healthcare | 1.52% | +1.52% | NEW | |
| 15 | RL | Ralph Lauren CORP | Stock-Consumer Disc | 1.45% | — | +16.59% | |
| 16 | AVY | Avery Dennison CORP | Stock-Consumer Disc | 1.41% | -0.88% | -58.85% | |
| 17 | GLW | Corning INC | Stock-Tech | 1.41% | -3.98% | -89.38% | |
| 18 | FOR | Forestar Group INC | Stock-Other | 1.40% | — | +5.33% | |
| 19 | ROKU | Roku INC | Stock-Comm Services | 1.33% | +1.33% | NEW | |
| 20 | AAPL | Apple INC | Stock-Tech | 1.27% | -0.74% | -56.99% | |
| 21 | ARES | Ares Management CORP - A | Stock-Financials | 1.27% | +1.27% | NEW | |
| 22 | LYV | Live Nation Entertainment In | Stock-Comm Services | 1.24% | -0.70% | -62.25% | |
| 23 | ADI | Analog Devices INC | Stock-Tech | 1.21% | +1.21% | NEW | |
| 24 | DHR | Danaher CORP | Stock-Healthcare | 1.20% | — | -14.34% | |
| 25 | LHX | L3harris Technologies INC | Stock-Industrials | 1.18% | — | -8.49% | |
| 26 | AME | Ametek INC | Stock-Industrials | 1.14% | +1.14% | NEW | |
| 27 | HUBB | Hubbell INC | Stock-Industrials | 1.10% | — | +185.86% | |
| 28 | TDY | Teledyne Technologies INC | Stock-Tech | 1.07% | — | -29.81% | |
| 29 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.03% | — | +0.88% | |
| 30 | HON | Honeywell International INC | Stock-Industrials | 0.98% | — | -46.65% | |
| 31 | RTX | Rtx CORP | Stock-Industrials | 0.97% | -0.87% | -68.22% | |
| 32 | WAB | Wabtec CORP | Stock-Industrials | 0.96% | +0.96% | NEW | |
| 33 | HD | Home Depot INC | Stock-Consumer Disc | 0.96% | +0.96% | NEW | |
| 34 | CHYM | Chime Financial Inc-cl A | Stock-Other | 0.94% | — | +94.20% | |
| 35 | BA | Boeing Co/the | Stock-Industrials | 0.88% | +0.88% | NEW | |
| 36 | TRMB | Trimble INC | Stock-Tech | 0.87% | — | -17.84% | |
| 37 | FDX | Fedex CORP | Stock-Industrials | 0.87% | +0.87% | NEW | |
| 38 | LMT | Lockheed Martin CORP | Stock-Industrials | 0.87% | +0.87% | NEW | |
| 39 | FLEX | Flex Ltd. | Stock-Tech | 0.86% | — | — | |
| 40 | WWD | Woodward INC | Stock-Industrials | 0.86% | — | +45.67% | |
| 41 | TER | Teradyne INC | Stock-Tech | 0.85% | — | -9.80% | |
| 42 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.83% | — | -39.97% | |
| 43 | MTSI | Macom Technology Solutions H | Stock-Tech | 0.79% | — | — | |
| 44 | NOK | Nokia Corp-spon Adr | Stock-Tech | 0.75% | — | — | |
| 45 | EQIX | Equinix INC | Stock-Real Estate | 0.74% | — | — | |
| 46 | SOFI | Sofi Technologies INC | Stock-Financials | 0.74% | — | +9.09% | |
| 47 | LIN | Linde plc | Stock-Materials | 0.73% | — | — | |
| 48 | UPST | Upstart Holdings INC | Stock-Financials | 0.69% | — | +7.44% | |
| 49 | ✓ | Cantor Equity Partners Ii In | Stock-Other | 0.68% | — | — | |
| 50 | RBC | RBC Bearings INC | Stock-Industrials | 0.68% | — | — |
Performance for Q3 2026
+0.2%
Performance Last 4 Quarters
+23.3%
Based on 71% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 120 | $193.1M | 100 | |
| 2025-12-31 | 141 | $305.3M | 96 | |
| 2025-09-30 | 144 | $340.5M | 100 | |
| 2025-06-30 | 147 | $369.6M | 0 | |
| 2025-03-31 | 118 | $399.6M | 100 | |
| 2024-12-31 | 151 | $962.9M | 0 | |
| 2024-09-30 | 142 | $757.0M | 0 | |
| 2024-06-30 | 123 | $933.4M | 0 | |
| 2024-03-31 | 139 | $1.4B | 0 | |
| 2023-12-31 | 108 | $1.2B | 0 | |
| 2023-09-30 | 109 | $971.1M | 0 | |
| 2023-06-30 | 94 | $1.2B | 0 | |
| 2023-03-31 | 99 | $1.1B | 0 | |
| 2022-12-31 | 91 | $975.7M | 0 | |
| 2022-09-30 | 83 | $716.7M | 0 | |
| 2022-06-30 | 91 | $942.5M | 0 | |
| 2022-03-31 | 108 | $1.1B | 0 | |
| 2021-12-31 | 100 | $1.2B | 0 | |
| 2021-09-30 | 104 | $1.1B | 0 | |
| 2021-06-30 | 96 | $1.3B | 84 | |
| 2021-03-31 | 105 | $1.2B | 100 | |
| 2020-12-31 | 73 | $855.2M | 91 | |
| 2020-09-30 | 76 | $994.9M | 78 | |
| 2020-06-30 | 78 | $1.1B | 100 | |
| 2020-03-31 | 80 | $723.2M | 100 | |
| 2019-12-31 | 69 | $871.3M | 100 | |
| 2019-09-30 | 109 | $1.1B | 100 | |
| 2019-06-30 | 136 | $1.5B | 100 | |
| 2019-03-31 | 117 | $1.3B | 100 | |
| 2018-12-31 | 99 | $1.2B | 100 | |
| 2018-09-30 | 117 | $2.0B | 100 | |
| 2018-06-30 | 108 | $1.2B | 100 | |
| 2018-03-31 | 113 | $818.7M | 100 | |
| 2017-12-31 | 122 | $710.6M | 100 | |
| 2017-09-30 | 108 | $803.3M | 100 | |
| 2017-06-30 | 134 | $921.5M | 100 | |
| 2017-03-31 | 172 | $1.5B | 100 | |
| 2016-12-31 | 150 | $1.1B | 100 | |
| 2016-09-30 | 108 | $814.5M | 100 | |
| 2016-06-30 | 107 | $758.2M | 100 | |
| 2016-03-31 | 115 | $825.7M | 100 | |
| 2015-12-31 | 130 | $1.0B | 100 | |
| 2015-09-30 | 128 | $860.9M | 100 | |
| 2015-06-30 | 164 | $1.1B | 100 | |
| 2015-03-31 | 195 | $1.6B | 100 | |
| 2014-12-31 | 198 | $1.9B | 100 | |
| 2014-09-30 | 178 | $2.1B | 100 | |
| 2014-06-30 | 186 | $2.4B | 100 | |
| 2014-03-31 | 173 | $2.8B | 100 | |
| 2013-12-31 | 173 | $3.1B | 100 | |
| 2013-09-30 | 163 | $3.2B | 100 | |
| 2013-06-30 | 164 | $2.7B | 0 |
Sandler Capital Management's most significant position changes for 2026-03-31: Sold out: Citigroup INC (C); Sold out: Hologic INC (HO1); Sold out: Nvidia CORP (NVDA); Sold out: Steven Madden LTD (SHOO); Sold out: TE Connectivity plc (TEL).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TKO | Tko Group Holdings INC | +0.3% | -28.71% | Trim |
| 2 | SPHR | Sphere Entertainment Co | -0.4% | -67.67% | Trim |
| 3 | CRH | CRH plc | -0.4% | -61.44% | Trim |
| 4 | TLN | Talen Energy CORP | -0.4% | -70.31% | Trim |
| 5 | BHP | Bhp Group Ltd-spon Adr | -0.5% | -74.73% | Trim |
| 6 | DY | Dycom Industries INC | -0.6% | -76.22% | Trim |
| 7 | LYV | Live Nation Entertainment In | -0.7% | -62.25% | Trim |
| 8 | AAPL | Apple INC | -0.7% | -56.99% | Trim |
| 9 | RTX | Rtx CORP | -0.9% | -68.22% | Trim |
| 10 | AVY | Avery Dennison CORP | -0.9% | -58.85% | Trim |
| 11 | GOOG | Alphabet Inc-cl C | -1.1% | -84.97% | Trim |
| 12 | APH | Amphenol Corp-cl A | -1.8% | -85.82% | Trim |
| 13 | GLW | Corning INC | -4% | -89.38% | Trim |
| 14 | C | Citigroup INC | — | EXIT | Sold out |
| 15 | HO1 | Hologic INC | — | EXIT | Sold out |
| 16 | NVDA | Nvidia CORP | — | EXIT | Sold out |
| 17 | SHOO | Steven Madden LTD | — | EXIT | Sold out |
| 18 | TEL | TE Connectivity plc | — | EXIT | Sold out |
| 19 | CRWV | Coreweave Inc-cl A | — | NEW | New buy |
| 20 | XYZ | Block INC | — | NEW | New buy |
| 21 | MRVL | Marvell Technology INC | — | NEW | New buy |
| 22 | COIN | Coinbase Global INC -class A | — | EXIT | Sold out |
| 23 | FWONK | Liberty Media Corp-formula-c | — | EXIT | Sold out |
| 24 | CCJ | Cameco CORP | — | EXIT | Sold out |
| 25 | INFY | Infosys Ltd-sp Adr | — | EXIT | Sold out |
| 26 | CLH | Clean Harbors INC | — | NEW | New buy |
| 27 | MRK | Merck & Co. INC. | — | EXIT | Sold out |
| 28 | DGX | Quest Diagnostics INC | — | NEW | New buy |
| 29 | CZR | Caesars Entertainment INC | — | EXIT | Sold out |
| 30 | UAL | United Airlines Holdings INC | — | EXIT | Sold out |
| 31 | SYY | Sysco CORP | — | EXIT | Sold out |
| 32 | BAC | Bank Of America CORP | — | EXIT | Sold out |
| 33 | ROKU | Roku INC | — | NEW | New buy |
| 34 | ARES | Ares Management CORP - A | — | NEW | New buy |
| 35 | MLM | Martin Marietta Materials | — | EXIT | Sold out |
| 36 | ADI | Analog Devices INC | — | NEW | New buy |
| 37 | XRT | Ss Spdr S&p Retail ETF | — | EXIT | Sold out |
| 38 | AME | Ametek INC | — | NEW | New buy |
| 39 | ULTA | Ulta Beauty INC | — | EXIT | Sold out |
| 40 | M | Macy's INC | — | EXIT | Sold out |
| 41 | EL | Estee Lauder Companies-cl A | — | EXIT | Sold out |
| 42 | HIMS | Hims & Hers Health INC | — | EXIT | Sold out |
| 43 | ✓ | — | EXIT | Sold out | |
| 44 | BLK | Blackrock INC | — | EXIT | Sold out |
| 45 | WAB | Wabtec CORP | — | NEW | New buy |
| 46 | HD | Home Depot INC | — | NEW | New buy |
| 47 | QDEL | Quidelortho CORP | — | EXIT | Sold out |
| 48 | BA | Boeing Co/the | — | NEW | New buy |
| 49 | FDX | Fedex CORP | — | NEW | New buy |
| 50 | LMT | Lockheed Martin CORP | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-15 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-16 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-17 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-14 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-15 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-14 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-15 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-14 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-14 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-15 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-16 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-16 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-16 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-14 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-15 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-17 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-14 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-14 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-15 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-13 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-14 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-14 | 13F-HR | View on EDGAR |
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