SANDLER CAPITAL MANAGEMENT
Long book
$147.2M
Q1 2026
Positions
100
Top-10 weight
32%
concentration
Last quarter
+18.2%
SPY +14.8%
Turnover
59%
of book per quarter
Strategy in plain words
auto-generated from filingsSANDLER CAPITAL MANAGEMENT is a quantitative fund whose holdings reflect models, not opinions, running a $147.2M US long book across 100 positions.
The portfolio is moderately concentrated (top 10 ≈ 32% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: KEYSIGHT TECHNOLOGIES IN, TKO GROUP HOLDINGS INC, MADISON SQUARE GARDEN SPORTS, EASTGROUP PROPERTIES INC, PROLOGIS INC.
Over the last 9 quarters its long book ran on average 1.5pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.9%
Q2 2024
+4.8%
Q3 2024
+2.0%
Q4 2024
-9.5%
Q1 2025
+14.8%
Q2 2025
+10.7%
Q3 2025
+5.9%
Q4 2025
+4.9%
Q1 2026
+18.2%
Sector allocation
Technology 32%
Industrials 23%
Services media 18%
Other 7%
Healthcare 6%
Consumer discretionary 5%
Utilities 3%
Materials 3%
Long book by quarter
What does SANDLER CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 33.1K | $9.3M | 6.3% | -33.3% |
| TKO TKO GROUP HOLDINGS INC | Services media | 32.4K | $6.5M | 4.4% | -28.7% |
| MSGS MADISON SQUARE GARDEN SPORTS | Services media | 16.3K | $5.2M | 3.6% | -17.5% |
| MSGE MADISON SQUARE GARDEN ENTERT | Services media | 71.7K | $4.2M | 2.9% | +20.0% |
| CLH CLEAN HARBORS INC | Utilities | 11.0K | $3.2M | 2.1% | New |
| DGX QUEST DIAGNOSTICS INC | Healthcare | 15.0K | $2.9M | 2.0% | New |
| RL RALPH LAUREN CORP | Other | 8.2K | $2.8M | 1.9% | +16.6% |
| GLW CORNING INC | Industrials | 20.0K | $2.7M | 1.8% | -82.3% |
| FOR FORESTAR GROUP INC | Real estate | 111.0K | $2.7M | 1.8% | +5.3% |
| LYV LIVE NATION ENTERTAINMENT IN | Services media | 15.7K | $2.4M | 1.6% | +4.0% |
| ADI ANALOG DEVICES INC | Technology | 7.3K | $2.3M | 1.6% | New |
| DHR DANAHER CORP | Technology | 12.3K | $2.3M | 1.6% | -14.3% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 6.6K | $2.3M | 1.5% | -8.5% |
| AME AMETEK INC | Technology | 10.3K | $2.2M | 1.5% | New |
| HUBB HUBBELL INC | Technology | 4.3K | $2.1M | 1.4% | +185.9% |
| TDY TELEDYNE TECHNOLOGIES INC | Technology | 3.4K | $2.1M | 1.4% | -29.8% |
| LLY ELI LILLY & CO | Healthcare | 2.2K | $2.0M | 1.4% | +0.9% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 8.3K | $1.9M | 1.3% | -46.6% |
| RTX RTX CORP | Industrials | 9.7K | $1.9M | 1.3% | -68.2% |
| WAB WABTEC CORP | Industrials | 7.4K | $1.9M | 1.3% | New |
| HD HOME DEPOT INC | Consumer discretionary | 5.6K | $1.8M | 1.3% | New |
| BA BOEING CO/THE | Industrials | 8.5K | $1.7M | 1.1% | New |
| TRMB TRIMBLE INC | Other | 25.8K | $1.7M | 1.1% | -17.8% |
| FDX FEDEX CORP | Industrials | 4.7K | $1.7M | 1.1% | New |
| LMT LOCKHEED MARTIN CORP | Industrials | 2.8K | $1.7M | 1.1% | New |
| FLEX FLEX LTD | Technology | 25.4K | $1.7M | 1.1% | New |
| WWD WOODWARD INC | Industrials | 4.6K | $1.7M | 1.1% | +45.7% |
| TER TERADYNE INC | Technology | 5.5K | $1.6M | 1.1% | -9.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 7.7K | $1.6M | 1.1% | -40.0% |
| MTSI MACOM TECHNOLOGY SOLUTIONS H | Technology | 6.9K | $1.5M | 1.0% | New |
| LIN LINDE PLC | Materials | 2.9K | $1.4M | 1.0% | New |
| RBC RBC BEARINGS INC | Industrials | 2.4K | $1.3M | 0.9% | New |
| A AGILENT TECHNOLOGIES INC | Healthcare | 10.9K | $1.2M | 0.8% | -39.9% |
| NET CLOUDFLARE INC - CLASS A | Technology | 6.0K | $1.2M | 0.8% | New |
| HNGE HINGE HEALTH INC-A | Technology | 31.3K | $1.2M | 0.8% | -37.5% |
| CBOE CBOE GLOBAL MARKETS INC | Financials | 4.2K | $1.2M | 0.8% | -56.5% |
| STLD STEEL DYNAMICS INC | Industrials | 6.5K | $1.2M | 0.8% | -39.7% |
| SPHR SPHERE ENTERTAINMENT CO | Services media | 9.8K | $1.2M | 0.8% | -67.7% |
| NVT NVENT ELECTRIC PLC | Industrials | 9.6K | $1.1M | 0.8% | -16.1% |
| EBAY EBAY INC | Services media | 12.1K | $1.1M | 0.8% | New |
| IDXX IDEXX LABORATORIES INC | Materials | 2.0K | $1.1M | 0.8% | +26.6% |
| SBUX STARBUCKS CORP | Consumer discretionary | 12.3K | $1.1M | 0.7% | -44.6% |
| SHOP SHOPIFY INC - CLASS A | Technology | 9.2K | $1.1M | 0.7% | +47.5% |
| GE GENERAL ELECTRIC | Industrials | 3.8K | $1.1M | 0.7% | New |
| AMRZ AMRIZE LTD | Industrials | 18.8K | $1.1M | 0.7% | +98.0% |
| MCO MOODY'S CORP | Services media | 2.4K | $1.0M | 0.7% | New |
| AEHR AEHR TEST SYSTEMS | Technology | 27.8K | $1.0M | 0.7% | New |
| CSX CSX CORP | Industrials | 25.0K | $1.0M | 0.7% | New |
| CW CURTISS-WRIGHT CORP | Industrials | 1.5K | $996K | 0.7% | -22.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 982 | $978K | 0.7% | -34.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 120 | $193.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 141 | $305.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 144 | $340.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 147 | $369.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 118 | $399.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 151 | $962.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 142 | $757.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 123 | $933.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 139 | $1.37B | canonical | SEC ↗ |
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