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Asset Manager ← All Institutions

SANDLER CAPITAL MANAGEMENT

Q2 2025 · Filed 2025-08-14
Market Value
$285M
-5.6%
Holdings
145
-1
New Purchases
47
Added To
19
Closed
25
Reduced
53
Top 10 Concentration
22.5%
Turnover
49.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EBAY 2.21% 0.00% +2.21% $6M
BLK 1.95% 0.48% +1.47% $6M
RL 1.46% 0.00% +1.46% $4M
META 2.41% 1.01% +1.40% $7M
FIS 1.39% 0.00% +1.39% $4M
HOLX 2.45% 1.10% +1.35% $7M
KVUE 1.34% 0.00% +1.34% $4M
LITE 1.66% 0.34% +1.32% $5M
MSGS 1.31% 0.00% +1.31% $4M
GS 1.13% 0.00% +1.13% $3M
JBL 1.09% 0.00% +1.09% $3M
GLW 3.30% 2.22% +1.07% $9M
MSFT 1.06% 0.00% +1.06% $3M
VST 1.75% 0.72% +1.03% $5M
CORZ 1.02% 0.00% +1.02% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VRSK 1.79% 3.75% -1.96% $5M
WMB 0.00% 1.88% -1.88% $0
FICO 0.16% 1.85% -1.69% $448K
ZBH 0.00% 1.57% -1.57% $0
WM 0.00% 1.50% -1.50% $0
LLY 0.77% 2.26% -1.49% $2M
0HQN.L 0.85% 2.20% -1.35% $2M
FI 0.10% 1.42% -1.32% $293K
ISRG 0.87% 2.18% -1.32% $2M
UBER 0.00% 1.31% -1.31% $0
SYK 0.82% 2.04% -1.23% $2M
CMG 0.00% 1.20% -1.20% $0
LNG 0.88% 2.08% -1.19% $3M
GDDY 0.35% 1.53% -1.17% $1M
SPGI 0.07% 1.24% -1.16% $211K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 17 $35M 12.1%
Large Cap 99 $207M 72.5%
Mid Cap 23 $37M 13.1%
Small Cap 6 $6M 2.3%

Portfolio Analytics

Avg Market Cap
$218.3B
Median Market Cap
$32.5B
Avg P/E
45.2
Median P/E
30.6
Avg Dividend Yield
0.01%
Avg Beta
1.17
# Stocks
144
# ETFs / Funds
1

Top Holdings (145 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GLW 3.30% 178,849 $9M $52.59 $3M +32,093 +21.9%
2 TKO 2.56% 40,189 $7M $181.95 $992K -1,175 -2.8%
3 HOLX 2.45% 107,102 $7M $65.16 $4M +53,278 +99.0%
4 META 2.41% 9,332 $7M $738.09 $4M +4,034 +76.1%
5 VMI 2.40% 20,946 $7M $326.57 $534K -1,153 -5.2%
6 EBAY 2.21% 84,523 $6M $74.46 +84,523 NEW
7 BLK 1.95% 5,302 $6M $1,049.25 $4M +3,755 +242.7%
8 VRSK 1.79% 16,388 $5M $311.50 -$6M -21,635 -56.9%
9 VST 1.75% 25,795 $5M $193.81 $3M +7,183 +38.6%
10 KEYS 1.72% 29,869 $5M $163.86 -$286K -4,718 -13.6%
11 GVA 1.67% 50,997 $5M $93.51 $281K -8,520 -14.3%
12 LITE 1.66% 49,738 $5M $95.06 $4M +33,341 +203.3%
13 TRMB 1.56% 58,402 $4M $75.98 -$1M -31,643 -35.1%
14 RTX 1.54% 30,103 $4M $146.02 -$3M -25,893 -46.2%
15 RL 1.46% 15,141 $4M $274.28 +15,141 NEW
16 FIS 1.39% 48,663 $4M $81.41 +48,663 NEW
17 CLH 1.38% 16,997 $4M $231.18 $2M +8,544 +101.1%
18 TLN 1.36% 13,294 $4M $290.77 -$1M -11,257 -45.9%
19 SNOW 1.35% 17,190 $4M $223.77 $1M -374 -2.1%
20 KVUE 1.34% 182,171 $4M $20.93 +182,171 NEW
21 AEIS 1.33% 28,631 $4M $132.50 $2M +7,759 +37.2%
22 SHOP 1.32% 32,547 $4M $115.35 $2M +12,752 +64.4%
23 AER 1.31% 31,965 $4M $117.00 $88K -3,779 -10.6%
24 MSGS 1.31% 17,891 $4M $208.95 +17,891 NEW
25 TDY 1.30% 7,246 $4M $512.31 -$301K -817 -10.1%
26 EGP 1.28% 21,789 $4M $167.12 $19K +1,225 +6.0%
27 CCJ 1.24% 47,812 $4M $74.23 -$446K -49,240 -50.7%
28 AMZN 1.23% 15,985 $4M $219.39 -$4M -21,807 -57.7%
29 SXT 1.21% 34,998 $3M $98.52 -$2M -43,798 -55.6%
30 CW 1.15% 6,710 $3M $488.55 -$311K -4,602 -40.7%
31 GS 1.13% 4,553 $3M $707.75 +4,553 NEW
32 LYV 1.12% 21,164 $3M $151.28 -$1M -14,415 -40.5%
33 JBL 1.09% 14,218 $3M $218.10 +14,218 NEW
34 ETN 1.08% 8,607 $3M $356.99 -$762K -5,501 -39.0%
35 MSFT 1.06% 6,081 $3M $497.41 +6,081 NEW
36 CYBR 1.03% 7,237 $3M $406.88 $597K +292 +4.2%
37 SPHR 1.03% 70,040 $3M $41.80 $1M +18,040 +34.7%
38 CORZ 1.02% 171,071 $3M $17.07 +171,071 NEW
39 ZS 1.01% 9,176 $3M $313.94 $2M +2,351 +34.5%
40 NET 1.01% 14,678 $3M $195.83 $441K -6,915 -32.0%
41 SPOT 0.98% 3,656 $3M $767.34 -$439K -2,243 -38.0%
42 HNGE 0.94% 52,000 $3M $51.75 +52,000 NEW
43 NVDA 0.92% 16,557 $3M $157.99 +16,557 NEW
44 COHR 0.91% 29,093 $3M $89.21 $2M +14,493 +99.3%
45 VLTO 0.90% 25,562 $3M $100.95 $43K -474 -1.8%
46 LNG 0.88% 10,362 $3M $243.52 -$4M -16,726 -61.8%
47 NFLX 0.87% 1,848 $2M $1,339.13 -$1M -1,923 -51.0%
48 ISRG 0.87% 4,552 $2M $543.41 -$4M -8,763 -65.8%
49 DDOG 0.86% 18,317 $2M $134.33 +18,317 NEW
50 PLD 0.85% 23,121 $2M $105.12 $2M +21,121 +1056.0%
51 0HQN.L 0.85% 10,402 $2M $233.21 -$4M -18,917 -64.5%
52 ABNB 0.84% 18,181 $2M $132.34 -$1M -11,140 -38.0%
53 SYK 0.82% 5,884 $2M $395.63 -$4M -10,707 -64.5%
54 XSD 0.81% 9,000 $2M $256.51 +9,000 NEW
55 HUBB 0.80% 5,606 $2M $408.41 $134K -909 -13.9%
56 HON 0.80% 9,800 $2M $232.88 +9,800 NEW
57 LLY 0.77% 2,826 $2M $779.53 -$5M -5,436 -65.8%
58 ROK 0.77% 6,625 $2M $332.17 +6,625 NEW
59 KTOS 0.77% 47,000 $2M $46.45 +47,000 NEW
60 VRT 0.69% 15,363 $2M $128.41 +15,363 NEW
61 FCX 0.68% 45,000 $2M $43.35 +45,000 NEW
62 MIR 0.67% 89,356 $2M $21.53 -$712K -92,431 -50.9%
63 FOXA 0.67% 33,965 $2M $56.04 +33,965 NEW
64 SPXC 0.67% 11,347 $2M $167.68 +11,347 NEW
65 A 0.66% 15,838 $2M $118.01 +15,838 NEW
66 AROC 0.64% 73,641 $2M $24.83 $85K +7,209 +10.8%
67 NTNX 0.63% 23,500 $2M $76.44 +23,500 NEW
68 HOOD 0.63% 19,168 $2M $93.63 -$883K -45,180 -70.2%
69 CRH.L 0.63% 19,421 $2M $91.80 +19,421 NEW
70 SHW 0.62% 5,175 $2M $343.36 -$3M -9,283 -64.2%
71 PKG 0.62% 9,333 $2M $188.45 +9,333 NEW
72 TSM 0.61% 7,700 $2M $226.49 $578K +677 +9.6%
73 VMC 0.61% 6,661 $2M $260.82 +6,661 NEW
74 CERT 0.61% 148,026 $2M $11.70 +148,026 NEW
75 BSX 0.60% 15,915 $2M $107.41 -$3M -25,867 -61.9%
76 BX 0.59% 11,293 $2M $149.58 $626K +3,685 +48.4%
77 CEG 0.54% 4,799 $2M $322.76 +4,799 NEW
78 CBRE 0.53% 10,838 $2M $140.12 +10,838 NEW
79 EAT 0.53% 8,366 $2M $180.33 +8,366 NEW
80 PRCT 0.51% 25,320 $1M $57.60 -$597K -9,963 -28.2%
81 ORCL 0.50% 6,500 $1M $218.63 +6,500 NEW
82 GOOG 0.49% 7,877 $1M $177.39 +7,877 NEW
83 GPS 0.46% 60,024 $1M $21.81 -$999K -51,984 -46.4%
84 WCC 0.46% 7,012 $1M $185.20 -$3M -22,470 -76.2%
85 RBRK 0.45% 14,446 $1M $89.59 -$1M -24,123 -62.5%
86 GRPN 0.45% 37,999 $1M $33.45 +37,999 NEW
87 GEV 0.45% 2,400 $1M $529.15 +2,400 NEW
88 NRG 0.44% 7,800 $1M $160.58 +7,800 NEW
89 EVR 0.44% 4,600 $1M $270.02 +4,600 NEW
90 HEI 0.41% 3,594 $1M $328.00 +3,594 NEW
91 EQT 0.39% 19,000 $1M $58.32 +19,000 NEW
92 NOW 0.39% 1,076 $1M $1,028.08 +1,076 NEW
93 NXT 0.37% 19,491 $1M $54.37 -$1M -38,883 -66.6%
94 GDDY 0.35% 5,588 $1M $180.06 -$4M -19,994 -78.2%
95 LNN 0.35% 6,951 $1M $144.25 -$2M -17,043 -71.0%
96 MD 0.35% 69,834 $1M $14.35 -$806K -54,927 -44.0%
97 STLD 0.32% 7,031 $900K $128.01 -$1M -8,829 -55.7%
98 NOC 0.30% 1,700 $850K $499.98 +1,700 NEW
99 CMI 0.26% 2,279 $746K $327.50 $138K +338 +17.4%
100 TJX 0.26% 5,988 $739K $123.49 -$946K -7,850 -56.7%

Options Breakdown

14 Calls $36M Call Value 15 Puts $45M Put Value 1.26 P/C Ratio

Top Calls

SymbolSharesValueStatus
META 10,000 $7M NEW
TXN 33,900 $7M NEW
NVDA 39,900 $6M NEW
OKTA 34,300 $3M
UAL 37,400 $3M NEW
TECH 47,300 $2M NEW
FCX 50,000 $2M
PTON 232,700 $2M NEW
SYM 35,000 $1M NEW
MP 35,000 $1M NEW

Top Puts

SymbolSharesValueStatus
GOGO 1,158,300 $17M
LYV 34,900 $5M
RDDT 32,600 $5M NEW
SEAS 97,400 $5M NEW
UPST 50,000 $3M
EL 28,700 $2M NEW
COIN 5,600 $2M NEW
KHC 70,000 $2M
OKLO 28,400 $2M NEW
KLG 93,000 $1M NEW

New Positions

SymbolValue% Port
EBAY $6M 2.21%
RL $4M 1.46%
FIS $4M 1.39%
KVUE $4M 1.34%
MSGS $4M 1.31%
GS $3M 1.13%
JBL $3M 1.09%
MSFT $3M 1.06%
CORZ $3M 1.02%
HNGE $3M 0.94%
NVDA $3M 0.92%
DDOG $2M 0.86%
XSD $2M 0.81%
HON $2M 0.80%
ROK $2M 0.77%

Sold Out Positions

SymbolValue% Port
UBER —%
CMG —%
ZBH —%
REXR —%
TREX —%
BJ —%
HD —%
DHR —%
AIT —%
CAVA —%
WMB —%
WM —%
RSG —%
ATMU —%
LULU —%
View SEC EDGAR Filings for SANDLER CAPITAL MANAGEMENT →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms