Sandler Capital Management
NEW YORK, NY
$169m in 112 US stocks at the end of 30 June 2026. The top 10 are 23.6% of the money. It changed about 43.8% of the portfolio this quarter.
Value
$169m
Stocks
112
Top 10 share
23.6%
Turnover
43.8%
What changed this quarter
New
Bought for the first time this quarter.
- MSC Industrial DirectMSM2.3% of the fund
- Liberty MediaFWONK1.7% of the fund
- Marriott InternationalMAR1.7% of the fund
- PlexusPLXS1.6% of the fund
- Applied MaterialsAMAT1.5% of the fund
- RPM InternationalRPM1.5% of the fund
- Spotify TechnologySPOT1.4% of the fund
- Hilton Worldwide HoldingsHLT1.3% of the fund
- Levi StraussLEVI1.2% of the fund
- Applied Industrial TechnologiesAIT1.0% of the fund
- Guardant HealthGH0.9% of the fund
- IdexIEX0.9% of the fund
- Avery DennisonAVY0.9% of the fund
- Revolution MedicinesRVMD0.9% of the fund
- Cadence Design SystemsCDNS0.9% of the fund
- MascoMAS0.9% of the fund
- STMicroelectronicsSTM0.9% of the fund
- Invesco Exchange Traded FD TRSPH0.8% of the fund
- Qnity ElectronicsQ0.8% of the fund
- Toll BrothersTOL0.8% of the fund
- CognexCGNX0.7% of the fund
- ArchrockAROC0.7% of the fund
- Dell TechnologiesDELL0.7% of the fund
- Lam ResearchLRCX0.6% of the fund
- InvescoIVZ0.6% of the fund
Added
Bought more of a stock they already held.
- Hinge HealthHNGE1.9% of the fund+27%
- AmetekAME1.8% of the fund+22%
- Sensient TechnologiesSXT1.6% of the fund+105%
- StarbucksSBUX1.6% of the fund+120%
- Select Sector Spdr TRXLV1.6% of the fund+139%
- eBayEBAY1.4% of the fund+71%
- Amazon.comAMZN1.4% of the fund+25%
- RTXRTX1.3% of the fund+24%
- Rockwell AutomationROK1.1% of the fund+98%
- RBC BearingsRBC1.1% of the fund+25%
- EquinixEQIX1.1% of the fund+22%
- CSXCSX1.0% of the fund+45%
- Bloom EnergyBE0.9% of the fund+59%
- Talen EnergyTLN0.9% of the fund+114%
- Cava GroupCAVA0.8% of the fund+95%
- Dycom IndustriesDY0.7% of the fund+23%
- BHP Billiton LimitedBHP0.7% of the fund+18%
- AlphabetGOOG0.5% of the fund+14%
- Axon EnterpriseAXON0.4% of the fund+70%
- Karman HoldingsKRMN0.3% of the fund+9%
- Robinhood MarketsHOOD0.2% of the fund+8%
Cut
Sold some of their stake.
- Keysight TechnologiesKEYS5.1% of the fund-25%
- Madison Square Garden SportsMSGS2.7% of the fund-31%
- Eastgroup PropertiesEGP2.5% of the fund-19%
- PrologisPLD2.2% of the fund-18%
- Madison Square Garden EntertainmentMSGE1.8% of the fund-47%
- TKO Group HoldingsTKO1.7% of the fund-57%
- Live Nation EntertainmentLYV1.6% of the fund-4%
- Quest DiagnosticsDGX1.6% of the fund-14%
- Clean HarborsCLH1.6% of the fund-19%
- Taiwan Semiconductor ManufacturingTSM1.6% of the fund-46%
- Forestar GroupFOR1.5% of the fund-29%
- Teledyne TechnologiesTDY1.2% of the fund-14%
- WoodwardWWD1.0% of the fund-18%
- Analog DevicesADI1.0% of the fund-45%
- Sphere EntertainmentSPHR0.9% of the fund-15%
- L3harris TechnologiesLHX0.8% of the fund-26%
- Ralph LaurenRL0.8% of the fund-59%
- Agilent TechnologiesA0.8% of the fund-8%
- MACOM Technology Solutions HoldingsMTSI0.8% of the fund-50%
- TeradyneTER0.7% of the fund-54%
- Eli LillyLLY0.7% of the fund-53%
- Home DepotHD0.7% of the fund-40%
- HubbellHUBB0.7% of the fund-50%
- Custom Truck One SourceCTOS0.6% of the fund-29%
- LindeLIN0.5% of the fund-38%
Sold out
Sold their entire stake.
- Honeywell InternationalHON-100%
- Westinghouse Air Brake TechnologiesWAB-100%
- BoeingBA-100%
- FedExFDX-100%
- Lockheed MartinLMT-100%
- FlexFLEX-100%
- CloudflareNET-100%
- Steel DynamicsSTLD-100%
- Idexx LaboratoriesIDXX-100%
- ShopifySHOP-100%
- AmrizeAMRZ-100%
- Moody'sMCO-100%
- Aehr Test SystemsAEHR-100%
- Costco WholesaleCOST-100%
- Bio-TechneTECH-100%
- VeraltoVLTO-100%
- HersheyHSY-100%
- CRH PublicCRH-100%
- SPX TechnologiesSPXC-100%
- Valmont IndustriesVMI-100%
- Advanced Energy IndustriesAEIS-100%
- Advanced Micro DevicesAMD-100%
- Tower SemiconductorTSEM-100%
- CaterpillarCAT-100%
- Deckers OutdoorDECK-100%
Holdings
- Select Sector Spdr TRXLV
- Share
- 1.6%
- Value
- $3m
- Shares
- 17,034
+139%
- Invesco Exchange Traded FD TRSPH
- Share
- 0.8%
- Value
- $1m
- Shares
- 41,000
New
- BHP Billiton LimitedBHP
- Share
- 0.7%
- Value
- $1m
- Shares
- 13,910
+18%
- Ishares TRIYR
- Share
- 0.6%
- Value
- $950,925
- Shares
- 9,300
New
- Cantor Equity Partners II IN
- Share
- 0.5%
- Value
- $899,140
- Shares
- 67,000
-45%
- CamecoCCJ
- Share
- 0.5%
- Value
- $837,085
- Shares
- 8,218
New
- NokiaNOK
- Share
- 0.5%
- Value
- $801,607
- Shares
- 60,362
-67%
- Cboe Global MktsCBOE
- Share
- 0.4%
- Value
- $629,486
- Shares
- 2,594
-38%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Keysight TechnologiesKEYS | 5.1% | $9m | 24,752 | -25% |
| Madison Square Garden SportsMSGS | 2.7% | $5m | 11,297 | -31% |
| Eastgroup PropertiesEGP | 2.5% | $4m | 20,906 | -19% |
| MSC Industrial DirectMSM | 2.3% | $4m | 32,085 | New |
| PrologisPLD | 2.2% | $4m | 27,249 | -18% |
| Hinge HealthHNGE | 1.9% | $3m | 39,673 | +27% |
| Madison Square Garden EntertainmentMSGE | 1.8% | $3m | 37,839 | -47% |
| AmetekAME | 1.8% | $3m | 12,553 | +22% |
| Liberty MediaFWONK | 1.7% | $3m | 29,692 | New |
| TKO Group HoldingsTKO | 1.7% | $3m | 13,996 | -57% |
| Marriott InternationalMAR | 1.7% | $3m | 7,542 | New |
| Sensient TechnologiesSXT | 1.6% | $3m | 22,588 | +105% |
| StarbucksSBUX | 1.6% | $3m | 27,018 | +120% |
| Live Nation EntertainmentLYV | 1.6% | $3m | 15,068 | -4% |
| Quest DiagnosticsDGX | 1.6% | $3m | 12,889 | -14% |
| Select Sector Spdr TRXLV | 1.6% | $3m | 17,034 | +139% |
| Clean HarborsCLH | 1.6% | $3m | 8,985 | -19% |
| Taiwan Semiconductor ManufacturingTSM | 1.6% | $3m | 5,589 | -46% |
| PlexusPLXS | 1.6% | $3m | 8,832 | New |
| Applied MaterialsAMAT | 1.5% | $3m | 3,472 | New |
| Forestar GroupFOR | 1.5% | $3m | 79,222 | -29% |
| RPM InternationalRPM | 1.5% | $2m | 22,270 | New |
| Spotify TechnologySPOT | 1.4% | $2m | 5,281 | New |
| eBayEBAY | 1.4% | $2m | 20,710 | +71% |
| Amazon.comAMZN | 1.4% | $2m | 9,667 | +25% |
| RTXRTX | 1.3% | $2m | 12,031 | +24% |
| Hilton Worldwide HoldingsHLT | 1.3% | $2m | 6,405 | New |
| Levi StraussLEVI | 1.2% | $2m | 79,860 | New |
| Teledyne TechnologiesTDY | 1.2% | $2m | 2,941 | -14% |
| Rockwell AutomationROK | 1.1% | $2m | 3,914 | +98% |
| RBC BearingsRBC | 1.1% | $2m | 3,004 | +25% |
| EquinixEQIX | 1.1% | $2m | 1,774 | +22% |
| Applied Industrial TechnologiesAIT | 1.0% | $2m | 5,232 | New |
| CSXCSX | 1.0% | $2m | 36,259 | +45% |
| WoodwardWWD | 1.0% | $2m | 3,810 | -18% |
| Analog DevicesADI | 1.0% | $2m | 4,069 | -45% |
| Guardant HealthGH | 0.9% | $2m | 10,580 | New |
| IdexIEX | 0.9% | $2m | 6,941 | New |
| Avery DennisonAVY | 0.9% | $2m | 9,682 | New |
| Revolution MedicinesRVMD | 0.9% | $2m | 8,328 | New |
| Cadence Design SystemsCDNS | 0.9% | $2m | 4,008 | New |
| MascoMAS | 0.9% | $1m | 18,125 | New |
| Bloom EnergyBE | 0.9% | $1m | 4,869 | +59% |
| STMicroelectronicsSTM | 0.9% | $1m | 19,539 | New |
| Talen EnergyTLN | 0.9% | $1m | 3,775 | +114% |
| Sphere EntertainmentSPHR | 0.9% | $1m | 8,339 | -15% |
| L3harris TechnologiesLHX | 0.8% | $1m | 4,858 | -26% |
| Cava GroupCAVA | 0.8% | $1m | 17,874 | +95% |
| Invesco Exchange Traded FD TRSPH | 0.8% | $1m | 41,000 | New |
| Ralph LaurenRL | 0.8% | $1m | 3,389 | -59% |
| Qnity ElectronicsQ | 0.8% | $1m | 8,316 | New |
| Toll BrothersTOL | 0.8% | $1m | 8,172 | New |
| Agilent TechnologiesA | 0.8% | $1m | 9,986 | -8% |
| MACOM Technology Solutions HoldingsMTSI | 0.8% | $1m | 3,447 | -50% |
| CognexCGNX | 0.7% | $1m | 17,340 | New |
| Dycom IndustriesDY | 0.7% | $1m | 2,466 | +23% |
| TeradyneTER | 0.7% | $1m | 2,545 | -54% |
| AmphenolAPH | 0.7% | $1m | 6,972 | Held |
| Eli LillyLLY | 0.7% | $1m | 1,012 | -53% |
| Home DepotHD | 0.7% | $1m | 3,384 | -40% |
| ArchrockAROC | 0.7% | $1m | 28,663 | New |
| Dell TechnologiesDELL | 0.7% | $1m | 2,703 | New |
| BHP Billiton LimitedBHP | 0.7% | $1m | 13,910 | +18% |
| HubbellHUBB | 0.7% | $1m | 2,161 | -50% |
| Custom Truck One SourceCTOS | 0.6% | $1m | 87,077 | -29% |
| Lam ResearchLRCX | 0.6% | $1m | 2,349 | New |
| InvescoIVZ | 0.6% | $1m | 37,987 | New |
| RelianceRS | 0.6% | $974,349 | 2,608 | New |
| Ishares TRIYR | 0.6% | $950,925 | 9,300 | New |
| VerisignVRSN | 0.6% | $938,822 | 3,732 | New |
| LindeLIN | 0.5% | $911,778 | 1,757 | -38% |
| Cantor Equity Partners II IN | 0.5% | $899,140 | 67,000 | -45% |
| American ExpressAXP | 0.5% | $875,391 | 2,588 | New |
| Viavi SolutionsVIAV | 0.5% | $851,096 | 17,824 | -24% |
| CorningGLW | 0.5% | $842,664 | 3,299 | -83% |
| AlphabetGOOG | 0.5% | $842,339 | 2,384 | +14% |
| CamecoCCJ | 0.5% | $837,085 | 8,218 | New |
| Marvell TechnologyMRVL | 0.5% | $834,092 | 2,800 | -46% |
| EatonETN | 0.5% | $811,759 | 1,905 | -12% |
| TrimbleTRMB | 0.5% | $808,746 | 15,802 | -39% |
| NokiaNOK | 0.5% | $801,607 | 60,362 | -67% |
| MP MaterialsMP | 0.5% | $794,894 | 14,192 | New |
| nVent ElectricNVT | 0.5% | $784,616 | 4,626 | -52% |
| ASML Holding NVASML | 0.5% | $775,882 | 390 | New |
| Vertiv HoldingsVRT | 0.4% | $761,046 | 2,273 | New |
| General ElectricGE | 0.4% | $760,167 | 2,034 | -46% |
| DanaherDHR | 0.4% | $708,014 | 3,717 | -70% |
| NordsonNDSN | 0.4% | $707,765 | 2,346 | New |
| Nebius GroupNBIS | 0.4% | $698,158 | 2,528 | New |
| Axon EnterpriseAXON | 0.4% | $695,156 | 1,240 | +70% |
| Cboe Global MktsCBOE | 0.4% | $629,486 | 2,594 | -38% |
| InfleqtionINFQ | 0.4% | $625,694 | 46,974 | -23% |
| Commercial MetalsCMC | 0.4% | $602,777 | 9,606 | New |
| Micron TechnologyMU | 0.4% | $600,231 | 520 | New |
| Hyatt HotelsH | 0.3% | $542,752 | 2,800 | New |
| Curtiss WrightCW | 0.3% | $520,581 | 687 | -53% |
| CienaCIEN | 0.3% | $471,919 | 962 | New |
| CoherentCOHR | 0.3% | $461,924 | 1,171 | -68% |
| Karman HoldingsKRMN | 0.3% | $459,264 | 9,200 | +9% |
| AerCap HoldingsAER | 0.3% | $446,524 | 3,063 | -39% |
Showing the largest 100 of 112.
Options (14)
- RokuROKU
- Type
- Put
- Value
- $6m
- Contracts
- 46,600
- Cerebras SystemsCBRS
- Type
- Put
- Value
- $4m
- Contracts
- 20,000
- Bloom EnergyBE
- Type
- Call
- Value
- $4m
- Contracts
- 13,300
- OracleORCL
- Type
- Put
- Value
- $3m
- Contracts
- 23,600
- Upstart HoldingsUPST
- Type
- Put
- Value
- $2m
- Contracts
- 61,900
- Chime FinancialCHYM
- Type
- Put
- Value
- $2m
- Contracts
- 106,000
- Commercial MetalsCMC
- Type
- Call
- Value
- $2m
- Contracts
- 26,100
- Lionsgate StudiosLION
- Type
- Call
- Value
- $1m
- Contracts
- 94,400
- LemonadeLMND
- Type
- Put
- Value
- $1m
- Contracts
- 22,200
- Shake ShackSHAK
- Type
- Put
- Value
- $1m
- Contracts
- 23,600
- Coinbase GlobalCOIN
- Type
- Put
- Value
- $1m
- Contracts
- 8,900
- Telefonaktiebolaget LM EricsERIC
- Type
- Put
- Value
- $1m
- Contracts
- 100,000
- Robert HalfRHI
- Type
- Put
- Value
- $580,230
- Contracts
- 18,900
- Goodyear Tire & RubberGT
- Type
- Put
- Value
- $573,540
- Contracts
- 86,900
| Company | Type | Value | Contracts |
|---|---|---|---|
| RokuROKU | Put | $6m | 46,600 |
| Cerebras SystemsCBRS | Put | $4m | 20,000 |
| Bloom EnergyBE | Call | $4m | 13,300 |
| OracleORCL | Put | $3m | 23,600 |
| Upstart HoldingsUPST | Put | $2m | 61,900 |
| Chime FinancialCHYM | Put | $2m | 106,000 |
| Commercial MetalsCMC | Call | $2m | 26,100 |
| Lionsgate StudiosLION | Call | $1m | 94,400 |
| LemonadeLMND | Put | $1m | 22,200 |
| Shake ShackSHAK | Put | $1m | 23,600 |
| Coinbase GlobalCOIN | Put | $1m | 8,900 |
| Telefonaktiebolaget LM EricsERIC | Put | $1m | 100,000 |
| Robert HalfRHI | Put | $580,230 | 18,900 |
| Goodyear Tire & RubberGT | Put | $573,540 | 86,900 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 41.2% since 30 June 2025.
Where the money is
Technology26.1%
Industrials21.5%
Retail & consumer17.5%
Real estate7.3%
Media & telecom6.9%
Materials6.8%
Health care5.6%
Utilities1.5%
Financial services1.3%
Energy0.5%
Other5.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.