SANDLER CAPITAL MANAGEMENT

CIK

1000742

Location

NEW YORK, NY

Portfolio Value

Small $190,837,988

Diversification

Diversified

Filing Date

Global Rank

#4,272 / 8,603 ▼ 712 · as of Mar 2026

Top Industry

Semiconductors 12.0%

3Y Alpha vs SPY

+4.5%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+94.7%

SPY

+76.5%

Annualised alpha

+4.0%

Max drawdown

−23.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

115 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.1%

+0.5 pts

Top 5

19.7%

+0.4 pts

Top 10

30.3%

+0.5 pts

HHI

172

Diversified+11

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	34.2%	$65,205,344	32
Industrials	19.7%	$37,674,659	32
Communication Services	11.9%	$22,802,540	8
Real Estate	7.3%	$13,844,001	5
Healthcare	7.1%	$13,608,144	7
Financial Services	6.8%	$13,066,096	8
Consumer Cyclical	6.8%	$13,053,721	9
Basic Materials	3.4%	$6,563,487	7
Consumer Defensive	1.2%	$2,375,544	3
Unclassified	0.6%	$1,218,889	1
Energy	0.5%	$863,719	2
Utilities	0.3%	$561,844	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

17 positions

Ticker	Company	Δ Shares	Shares	Value
CHYM	Chime Financial, Inc.	+47,100	97,100	$1,818,683
HNGE	Hinge Health, Inc.	+29,562	79,741	$3,074,812
MSGE	Madison Square Garden Entertainment Corp.	+11,948	71,696	$4,223,611
AMRZ	Amrize Ltd	+9,306	18,806	$1,053,512
SOFI	SoFi Technologies, Inc.	+7,500	90,000	$1,429,200
FOR	Forestar Group Inc.	+5,611	110,965	$2,711,984
MS	Morgan Stanley	+5,600	25,000	$4,114,250
MIR	Mirion Technologies, Inc.	+3,788	18,982	$352,875
UPST	Upstart Holdings, Inc.	+3,600	52,000	$1,333,800
SHOP	Shopify Inc.	+2,960	9,188	$1,089,880
HUBB	Hubbell Inc	+2,827	4,348	$2,133,737
TECH	BIO-TECHNE Corp	+2,493	17,936	$937,335
EGP	Eastgroup Properties Inc	+1,548	25,723	$4,761,070
WWD	Woodward, Inc.	+1,449	4,622	$1,654,306
RL	Ralph Lauren Corp	+1,162	8,168	$2,809,710
IDXX	Idexx Laboratories Inc /De	+413	1,965	$1,104,113
LLY	ELI LILLY & Co	+19	2,171	$1,996,820
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
GLW	Corning Inc /Ny	−168,068	19,970	$2,715,320
UEC	Uranium Energy Corp	−107,972	39,008	$526,608
FLO	Flowers Foods Inc	−104,400	65,100	$530,565
CTOS	Custom Truck One Source, Inc.	−64,015	123,281	$809,956
LION	Lionsgate Studios Corp.	−58,200	127,100	$1,218,889
GOGO	Gogo Inc.	−49,800	95,600	$384,312
APH	Amphenol Corp /De/	−42,971	7,100	$897,085
BHP	BHP Group Ltd	−34,922	11,810	$859,059
LYV	Live Nation Entertainment, Inc.	−25,903	15,706	$2,395,322
AVY	Avery Dennison Corp	−22,600	15,800	$2,728,344
RTX	RTX Corp	−20,876	9,724	$1,875,759
SPHR	Sphere Entertainment Co.	−20,555	9,822	$1,153,102
KEYS	Keysight Technologies, Inc.	−16,494	33,077	$9,339,952
TKO	TKO Group Holdings, Inc.	−13,059	32,419	$6,537,291
CRH	Crh Public Ltd Co	−13,054	8,192	$861,143
AAPL	Apple Inc.	−12,854	9,700	$2,461,763
PLD	Prologis, Inc.	−12,487	33,376	$4,411,639
KTOS	Kratos Defense & Security Solutions, Inc.	−11,563	3,237	$228,240
SXT	Sensient Technologies Corp	−10,516	11,005	$951,272
SBUX	Starbucks Corp	−9,900	12,300	$1,101,957
CBRE	Cbre Group, Inc.	−9,294	3,899	$528,158
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−8,080	34,657	$11,712,333
HON	Honeywell International Inc	−7,300	8,350	$1,979,392
A	Agilent Technologies, Inc.	−7,220	10,893	$1,241,584
DY	Dycom Industries Inc	−6,406	1,999	$677,301
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
CRWV	CoreWeave, Inc.	48,900	$3,788,283
XYZ	Block, Inc.	60,000	$3,610,800
MRVL	Marvell Technology, Inc.	34,299	$3,397,315
CLH	Clean Harbors Inc	11,027	$3,161,771
DGX	Quest Diagnostics Inc	14,955	$2,930,880
ROKU	Roku, Inc	27,100	$2,564,202
ARES	Ares Management Corp	22,500	$2,454,750
ADI	Analog Devices Inc	7,338	$2,334,511
AME	Ametek Inc/	10,258	$2,198,904
WAB	Westinghouse Air Brake Technologies Corp	7,411	$1,852,083
HD	Home Depot, Inc.	5,609	$1,844,744
BA	Boeing Co	8,500	$1,691,755
LMT	Lockheed Martin Corp	2,765	$1,671,138
FLEX	Flex Ltd.	25,358	$1,659,934
MTSI	MACOM Technology Solutions Holdings, Inc.	6,857	$1,522,733
NOK	Nokia Corp	180,418	$1,450,560
EQIX	Equinix Inc	1,460	$1,431,150
LIN	Linde PLC	2,850	$1,412,916
FDX	Fedex Corp	4,700	$1,348,949
CEPT	Cantor Equity Partners II, Inc.	121,000	$1,317,690
RBC	RBC Bearings INC	2,407	$1,307,289
ORCL	Oracle Corp	8,700	$1,279,857
NET	Cloudflare, Inc.	5,954	$1,228,548
INTC	Intel Corp	25,700	$1,134,141
EBAY	Ebay Inc	12,143	$1,105,255
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
C	Citigroup Inc	45,000	$5,251,050
HOLX	HOLOGIC INC	68,864	$5,129,679
NVDA	Nvidia Corp	23,943	$4,465,369
SHOO	Steven Madden, Ltd.	94,599	$3,939,102
TEL	TE Connectivity plc	16,737	$3,807,834
COIN	Coinbase Global, Inc.	15,000	$3,392,100
CCJ	Cameco Corp	36,185	$3,310,565
INFY	Infosys Ltd	180,000	$3,207,600
MRK	Merck & Co., Inc.	27,900	$2,936,754
CZR	Caesars Entertainment, Inc.	120,000	$2,806,800
UAL	United Airlines Holdings, Inc.	24,200	$2,706,044
SYY	Sysco Corp	35,000	$2,579,150
BAC	Bank Of America Corp /De/	46,664	$2,566,520
MLM	Martin Marietta Materials Inc	3,799	$2,365,485
ULTA	Ulta Beauty, Inc.	3,633	$2,198,001
M	Macy's, Inc.	97,100	$2,141,055
EL	Estee Lauder Companies Inc	18,900	$1,979,208
HIMS	Hims & Hers Health, Inc.	60,000	$1,948,200
BLK	BlackRock, Inc.	1,800	$1,926,612
QDEL	QuidelOrtho Corp	64,313	$1,836,779
GD	General Dynamics Corp	4,830	$1,626,067
MSFT	Microsoft Corp	3,333	$1,611,905
CRM	Salesforce, Inc.	6,000	$1,589,460
ATMU	Atmus Filtration Technologies Inc.	29,327	$1,522,364
MSTR	Strategy Inc	10,000	$1,519,500
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

115 positions · $190,837,988 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 115 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	34,657	-8,080	$11,712,333	−9.8%	6.14%
KEYS	Keysight Technologies, Inc. Technology	Reduced	33,077	-16,494	$9,339,952	−7.3%	4.89%
TKO	TKO Group Holdings, Inc. Communication Services	Reduced	32,419	-13,059	$6,537,291	−31.2%	3.43%
MSGS	Madison Square Garden Sports Corp. Communication Services	Reduced	16,325	-3,461	$5,246,855	+2.5%	2.75%
EGP	Eastgroup Properties Inc Real Estate	Added	25,723	+1,548	$4,761,070	+10.6%	2.49%
PLD	Prologis, Inc. Real Estate	Reduced	33,376	-12,487	$4,411,639	−24.7%	2.31%
MSGE	Madison Square Garden Entertainment Corp. Communication Services	Added	71,696	+11,948	$4,223,611	+31.2%	2.21%
MS	Morgan Stanley Financial Services	Added	25,000	+5,600	$4,114,250	+19.5%	2.16%
CRWV	CoreWeave, Inc. Technology	NEW	48,900	NEW	$3,788,283	NEW	1.99%
XYZ	Block, Inc. Technology	NEW	60,000	NEW	$3,610,800	NEW	1.89%
MRVL	Marvell Technology, Inc. Technology	NEW	34,299	NEW	$3,397,315	NEW	1.78%
CLH	Clean Harbors Inc Industrials	NEW	11,027	NEW	$3,161,771	NEW	1.66%
HNGE	Hinge Health, Inc. Healthcare	Added	79,741	+29,562	$3,074,812	+31.9%	1.61%
DGX	Quest Diagnostics Inc Healthcare	NEW	14,955	NEW	$2,930,880	NEW	1.54%
RL	Ralph Lauren Corp Consumer Cyclical	Added	8,168	+1,162	$2,809,710	+13.4%	1.47%
AVY	Avery Dennison Corp Consumer Cyclical	Reduced	15,800	-22,600	$2,728,344	−60.9%	1.43%
GLW	Corning Inc /Ny Technology	Reduced	19,970	-168,068	$2,715,320	−83.5%	1.42%
FOR	Forestar Group Inc. Real Estate	Added	110,965	+5,611	$2,711,984	+4.5%	1.42%
ROKU	Roku, Inc Communication Services	NEW	27,100	NEW	$2,564,202	NEW	1.34%
AAPL	Apple Inc. Technology	Reduced	9,700	-12,854	$2,461,763	−59.9%	1.29%
ARES	Ares Management Corp Financial Services	NEW	22,500	NEW	$2,454,750	NEW	1.29%
LYV	Live Nation Entertainment, Inc. Communication Services	Reduced	15,706	-25,903	$2,395,322	−59.6%	1.26%
ADI	Analog Devices Inc Technology	NEW	7,338	NEW	$2,334,511	NEW	1.22%
DHR	Danaher Corp /De/ Healthcare	Reduced	12,250	-2,050	$2,322,600	−29.0%	1.22%
LHX	L3harris Technologies, Inc. /De/ Industrials	Reduced	6,604	-613	$2,279,370	+7.6%	1.19%
AME	Ametek Inc/ Industrials	NEW	10,258	NEW	$2,198,904	NEW	1.15%
HUBB	Hubbell Inc Industrials	Added	4,348	+2,827	$2,133,737	+215.9%	1.12%
TDY	Teledyne Technologies Inc Technology	Reduced	3,403	-1,445	$2,058,849	−16.8%	1.08%
LLY	ELI LILLY & Co Healthcare	Added	2,171	+19	$1,996,820	−13.7%	1.05%
HON	Honeywell International Inc Industrials	Reduced	8,350	-7,300	$1,979,392	−38.2%	1.04%
RTX	RTX Corp Industrials	Reduced	9,724	-20,876	$1,875,759	−66.6%	0.98%
WAB	Westinghouse Air Brake Technologies Corp Industrials	NEW	7,411	NEW	$1,852,083	NEW	0.97%
HD	Home Depot, Inc. Consumer Cyclical	NEW	5,609	NEW	$1,844,744	NEW	0.97%
CHYM	Chime Financial, Inc. Technology	Added	97,100	+47,100	$1,818,683	+44.5%	0.95%
BA	Boeing Co Industrials	NEW	8,500	NEW	$1,691,755	NEW	0.89%
TRMB	Trimble Inc. Technology	Reduced	25,756	-5,594	$1,680,063	−31.6%	0.88%
LMT	Lockheed Martin Corp Industrials	NEW	2,765	NEW	$1,671,138	NEW	0.88%
FLEX	Flex Ltd. Technology	NEW	25,358	NEW	$1,659,934	NEW	0.87%
WWD	Woodward, Inc. Industrials	Added	4,622	+1,449	$1,654,306	+72.5%	0.87%
TER	Teradyne, Inc Technology	Reduced	5,523	-600	$1,637,348	+38.2%	0.86%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	7,707	-5,131	$1,605,136	−45.8%	0.84%
MTSI	MACOM Technology Solutions Holdings, Inc. Technology	NEW	6,857	NEW	$1,522,733	NEW	0.80%
NOK	Nokia Corp Technology	NEW	180,418	NEW	$1,450,560	NEW	0.76%
EQIX	Equinix Inc Real Estate	NEW	1,460	NEW	$1,431,150	NEW	0.75%
SOFI	SoFi Technologies, Inc. Financial Services	Added	90,000	+7,500	$1,429,200	−33.8%	0.75%
LIN	Linde PLC Basic Materials	NEW	2,850	NEW	$1,412,916	NEW	0.74%
FDX	Fedex Corp Industrials	NEW	4,700	NEW	$1,348,949	NEW	0.71%
UPST	Upstart Holdings, Inc. Financial Services	Added	52,000	+3,600	$1,333,800	−37.0%	0.70%
CEPT	Cantor Equity Partners II, Inc. Financial Services	NEW	121,000	NEW	$1,317,690	NEW	0.69%
RBC	RBC Bearings INC Industrials	NEW	2,407	NEW	$1,307,289	NEW	0.69%