SANDLER CAPITAL MANAGEMENT
Sector Allocation
- Technology30.2%$51.2M
- Consumer Discretionary15.2%$25.7M
- Industrials13.0%$22.1M
- Communication Services11.7%$19.9M
- Real Estate7.3%$12.3M
- Materials7.2%$12.3M
- Healthcare5.8%$9.9M
- Financials3.0%$5.1M
- Utilities2.4%$4.1M
- Other2.2%$3.7M
AUM History
13fpro.ai/research/fund/sandler-capital-management-1000742
Conviction and streaks
Diversifying · top 10 = 23.6%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
KEYS
$8.7MMSGS
$4.5MEGP
$4.2MMSM
$3.8MPLD
$3.7MHNGE
$3.3MMSGE
$3.1MAME
$3.0MFWONA
$2.8MTKO
$2.8MMAR
$2.8MSXT
$2.8MSBUX
$2.8MLYV
$2.8MDGX
$2.7M- SELECT$2.7M
CLH
$2.7MTSM
$2.7MPLXS
$2.7MAMAT
$2.5M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/sandler-capital-management-1000742
SANDLER CAPITAL MANAGEMENT 13F holdings — Q2 2026
$201.5M portfolio (+4.3% QoQ) · 126 holdings · Q2 2026 13F · top 10 are 24% of the stock portfolio
Includes $32.1M of put/call options ($25.0M puts, $7.1M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $169.3M. Weights use the stock portfolio.
$8.7M
5.1% of stocks
-25%This quarter—Since Q-end—HeldAIQuality72.2#159Est. buy—$4.5M
2.7% of stocks
-31%This quarter—Since Q-end—HeldAIQuality50.2#1,625Est. buy—$4.2M
2.5% of stocks
-19%This quarter—Since Q-end—HeldAIQuality68.7#268Est. buy—$3.8M
2.3% of stocks
NewThis quarter—Since Q-endNew this quarterHeldAIQuality51.6#1,529Est. buy—$3.7M
2.2% of stocks
-18%This quarter—Since Q-end—HeldAIQuality68.3#292Est. buy—$3.3M
1.9% of stocks
+27%This quarter—Since Q-end—Held$3.1M
1.8% of stocks
-47%This quarter—Since Q-end—Held$3.0M
1.8% of stocks
+22%This quarter—Since Q-end—Held$2.8M
1.7% of stocks
NewThis quarter—Since Q-endNew this quarterHeld$2.8M
1.7% of stocks
-57%This quarter—Since Q-end—Held
| # | Company | Value | Weight | This quarter | Since Q-end | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | $8.7M | 5.1% | -25% | — | — | 72.2#159 | — | ||
| 2 | $4.5M | 2.7% | -31% | — | — | 50.2#1,625 | — | ||
| 3 | $4.2M | 2.5% | -19% | — | — | 68.7#268 | — | ||
| 4 | $3.8M | 2.3% | New | — | New this quarter | 51.6#1,529 | — | ||
| 5 | $3.7M | 2.2% | -18% | — | — | 68.3#292 | — | ||
| 6 | $3.3M | 1.9% | +27% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 7 | $3.1M | 1.8% | -47% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 8 | $3.0M | 1.8% | +22% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 9 | $2.8M | 1.7% | New | — | New this quarter | AI quality score is Pro: unlock with a free trial | — | ||
| 10 | $2.8M | 1.7% | -57% | — | — | AI quality score is Pro: unlock with a free trial | — |
All holdings — SANDLER CAPITAL MANAGEMENT (Q2 2026)
126 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | ROKU, INC | Communication Services | $6.4M | — | 47K | New | — | — | 13F | |
| 12 | Cerebras Systems Inc. | Technology | $4.4M | — | 20K | New | — | — | 13F | |
| 13 | Bloom Energy Corp | Technology | $4.0M | — | 13K | New | — | — | 13F | |
| 14 | ORACLE CORP | Technology | $3.5M | — | 24K | +171% | — | — | 13F | |
| 15 | MARRIOTT INTERNATIONAL INC /MD/ | Consumer Discretionary | $2.8M | 1.6% | 7,542 | New | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | SENSIENT TECHNOLOGIES CORP | Materials | $2.8M | 1.6% | 23K | +105% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | STARBUCKS CORP | Consumer Discretionary | $2.8M | 1.6% | 27K | +120% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | Live Nation Entertainment, Inc. | Communication Services | $2.8M | 1.6% | 15K | -4% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | QUEST DIAGNOSTICS INC | Healthcare | $2.7M | 1.6% | 13K | -14% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | — | SELECT SECTOR SPDR TR - ST STR CARE ETFetf/fund | — | $2.7M | 1.6% | 17K | +139% | — | — | 13F |
| 21 | CLEAN HARBORS INC | Utilities | $2.7M | 1.6% | 8,985 | -19% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTDadr | Technology | $2.7M | 1.6% | 5,589 | -46% | — | — | 13F | |
| 23 | PLEXUS CORP | Technology | $2.7M | 1.6% | 8,832 | New | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | APPLIED MATERIALS INC /DE | Technology | $2.5M | 1.5% | 3,472 | New | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Forestar Group Inc. | Real Estate | $2.5M | 1.5% | 79K | -29% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $RPM | RPM INTERNATIONAL INC/DE/ | Materials | $2.5M | 1.5% | 22K | New | |||
| 27 | $SPOT | Spotify Technology S.A. | Communication Services | $2.4M | 1.4% | 5,281 | New | |||
| 28 | $EBAY | EBAY INC | Consumer Discretionary | $2.3M | 1.4% | 21K | +71% | |||
| 29 | $AMZN | AMAZON COM INC | Consumer Discretionary | $2.3M | 1.4% | 9,667 | +25% | |||
| 30 | $RTX | RTX Corp | Industrials | $2.3M | 1.4% | 12K | +24% | |||
| 31 | $UPST PUT | Upstart Holdings, Inc. | Financials | $2.2M | — | 62K | +19% | |||
| 32 | $CHYM PUT | Chime Financial, Inc. | Financials | $2.2M | — | 106K | +9% | |||
| 33 | $HLT | Hilton Worldwide Holdings Inc. | Consumer Discretionary | $2.1M | 1.3% | 6,405 | New | |||
| 34 | $LEVI | LEVI STRAUSS & CO | Consumer Discretionary | $2.0M | 1.2% | 80K | New | |||
| 35 | $TDY | TELEDYNE TECHNOLOGIES INC | Technology | $2.0M | 1.2% | 2,941 | -14% | |||
| 36 | $ROK | ROCKWELL AUTOMATION, INC | Industrials | $1.9M | 1.1% | 3,914 | +98% | |||
| 37 | $RBC | RBC Bearings INC | Industrials | $1.9M | 1.1% | 3,004 | +25% | |||
| 38 | $EQIX | EQUINIX INC | Real Estate | $1.8M | 1.1% | 1,774 | +22% | |||
| 39 | $AIT | APPLIED INDUSTRIAL TECHNOLOGIES INC | Consumer Discretionary | $1.8M | 1.0% | 5,232 | New | |||
| 40 | $CSX | CSX CORP | Industrials | $1.7M | 1.0% | 36K | +45% | |||
| 41 | $CMC CALL | COMMERCIAL METALS Co | Materials | $1.6M | — | 26K | New | |||
| 42 | $WWD | Woodward, Inc. | Technology | $1.6M | 1.0% | 3,810 | -18% | |||
| 43 | $ADI | ANALOG DEVICES INC | Technology | $1.6M | 0.9% | 4,069 | -45% | |||
| 44 | $GH | Guardant Health, Inc. | Healthcare | $1.6M | 0.9% | 11K | New | |||
| 45 | $IEX | IDEX CORP /DE/ | Industrials | $1.6M | 0.9% | 6,941 | New | |||
| 46 | $AVY | Avery Dennison Corp | Materials | $1.6M | 0.9% | 9,682 | New | |||
| 47 | $RVMD | Revolution Medicines, Inc. | Healthcare | $1.6M | 0.9% | 8,328 | New | |||
| 48 | $CDNS | CADENCE DESIGN SYSTEMS INC | Technology | $1.5M | 0.9% | 4,008 | New | |||
| 49 | $MAS | MASCO CORP /DE/ | Industrials | $1.5M | 0.9% | 18K | New | |||
| 50 | $BE | Bloom Energy Corp | Technology | $1.5M | 0.9% | 4,869 | +59% | |||
| 51 | $STM | STMicroelectronics N.V. | Technology | $1.5M | 0.9% | 20K | New | |||
| 52 | $TLN | Talen Energy Corp | Utilities | $1.5M | 0.9% | 3,775 | +114% | |||
| 53 | $LION CALL | Lionsgate Studios Corp. | Communication Services | $1.4M | — | 94K | -26% | |||
| 54 | $LMND PUT | Lemonade, Inc. | Financials | $1.4M | — | 22K | New | |||
| 55 | $SPHR | Sphere Entertainment Co. | Communication Services | $1.4M | 0.8% | 8,339 | -15% | |||
| 56 | $LHX | L3HARRIS TECHNOLOGIES, INC. /DE/ | Technology | $1.4M | 0.8% | 4,858 | -26% | |||
| 57 | $CAVA | CAVA GROUP, INC. | Consumer Discretionary | $1.4M | 0.8% | 18K | +95% | |||
| 58 | $IVZ | Invesco Ltd. | Financials | $1.4M | 0.8% | 41K | New | |||
| 59 | $RL | RALPH LAUREN CORP | Consumer Discretionary | $1.4M | 0.8% | 3,389 | -59% | |||
| 60 | $Q | Qnity Electronics, Inc. | Technology | $1.4M | 0.8% | 8,316 | New | |||
| 61 | $TOL | Toll Brothers, Inc. | Industrials | $1.3M | 0.8% | 8,172 | New | |||
| 62 | $A | AGILENT TECHNOLOGIES, INC. | Healthcare | $1.3M | 0.8% | 9,986 | -8% | |||
| 63 | $SHAK PUT | Shake Shack Inc. | Consumer Discretionary | $1.3M | — | 24K | New | |||
| 64 | $MTSI | MACOM Technology Solutions Holdings, Inc. | Technology | $1.3M | 0.8% | 3,447 | -50% | |||
| 65 | $COIN PUT | Coinbase Global, Inc. | Financials | $1.3M | — | 8,900 | New | |||
| 66 | $CGNX | COGNEX CORP | Technology | $1.3M | 0.7% | 17K | New | |||
| 67 | $DY | DYCOM INDUSTRIES INC | Energy | $1.2M | 0.7% | 2,466 | +23% | |||
| 68 | $TER | TERADYNE, INC | Technology | $1.2M | 0.7% | 2,545 | -54% | |||
| 69 | $APH | AMPHENOL CORP /DE/ | Technology | $1.2M | 0.7% | 6,972 | -2% | |||
| 70 | $LLY | ELI LILLY & Co | Healthcare | $1.2M | 0.7% | 1,012 | -53% | |||
| 71 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $1.2M | 0.7% | 3,384 | -40% | |||
| 72 | $AROC | Archrock, Inc. | Energy | $1.2M | 0.7% | 29K | New | |||
| 73 | $DELL | Dell Technologies Inc. | Technology | $1.2M | 0.7% | 2,703 | New | |||
| 74 | $BHP | BHP Group Ltd | Materials | $1.2M | 0.7% | 14K | +18% | |||
| 75 | $HUBB | HUBBELL INC | Technology | $1.1M | 0.7% | 2,161 | -50% | |||
| 76 | $ERIC PUT | ERICSSON LM TELEPHONE CO | Technology | $1.1M | — | 100K | New | |||
| 77 | $CTOS | Custom Truck One Source, Inc. | Industrials | $1.0M | 0.6% | 87K | -29% | |||
| 78 | $LRCX | LAM RESEARCH CORP | Technology | $1.0M | 0.6% | 2,349 | New | |||
| 79 | $IVZ | Invesco Ltd. | Financials | $1.0M | 0.6% | 38K | New | |||
| 80 | $RS | RELIANCE, INC. | Consumer Discretionary | $974K | 0.6% | 2,608 | New | |||
| 81 | — | ISHARES TR - U.S. REAL ES ETF | — | $951K | 0.6% | 9,300 | New | |||
| 82 | $VRSN | VERISIGN INC/CA | Technology | $939K | 0.6% | 3,732 | New | |||
| 83 | $LIN | LINDE PLC | Materials | $912K | 0.5% | 1,757 | -38% | |||
| 84 | $CEPT | Cantor Equity Partners II, Inc. | Financials | $899K | 0.5% | 67K | -45% | |||
| 85 | $AXP | AMERICAN EXPRESS CO | Financials | $875K | 0.5% | 2,588 | New | |||
| 86 | $VIAV | VIAVI SOLUTIONS INC. | Technology | $851K | 0.5% | 18K | -24% | |||
| 87 | $GLW | CORNING INC /NY | Materials | $843K | 0.5% | 3,299 | -83% | |||
| 88 | $GOOG | Alphabet Inc. | Technology | $842K | 0.5% | 2,384 | +14% | |||
| 89 | $CCJ | CAMECO CORP | Materials | $837K | 0.5% | 8,218 | New | |||
| 90 | $MRVL | Marvell Technology, Inc. | Technology | $834K | 0.5% | 2,800 | -46% | |||
| 91 | $ETN | Eaton Corp plc | Industrials | $812K | 0.5% | 1,905 | -12% | |||
| 92 | $TRMB | TRIMBLE INC. | Technology | $809K | 0.5% | 16K | -39% | |||
| 93 | $NOK | NOKIA CORP | Technology | $802K | 0.5% | 60K | -67% | |||
| 94 | $MP | MP Materials Corp. / DE | Materials | $795K | 0.5% | 14K | New | |||
| 95 | $NVT | nVent Electric plc | Industrials | $785K | 0.5% | 4,626 | -52% | |||
| 96 | $ASML | ASML HOLDING NV | Technology | $776K | 0.5% | 390 | New | |||
| 97 | $VRT | Vertiv Holdings Co | Technology | $761K | 0.5% | 2,273 | New | |||
| 98 | $GE | GENERAL ELECTRIC CO | Industrials | $760K | 0.5% | 2,034 | -46% | |||
| 99 | $DHR | DANAHER CORP /DE/ | Healthcare | $708K | 0.4% | 3,717 | -70% | |||
| 100 | $NDSN | NORDSON CORP | Industrials | $708K | 0.4% | 2,346 | New | |||
| 101 | $NBIS | Nebius Group N.V. | Technology | $698K | 0.4% | 2,528 | New | |||
| 102 | $AXON | AXON ENTERPRISE, INC. | Industrials | $695K | 0.4% | 1,240 | +70% | |||
| 103 | $CBOE | Cboe Global Markets, Inc. | Financials | $629K | 0.4% | 2,594 | -38% | |||
| 104 | $INFQ | Infleqtion, Inc. | Technology | $626K | 0.4% | 47K | -23% | |||
| 105 | $CMC | COMMERCIAL METALS Co | Materials | $603K | 0.4% | 9,606 | New | |||
| 106 | $MU | MICRON TECHNOLOGY INC | Technology | $600K | 0.3% | 520 | New | |||
| 107 | $RHI PUT | ROBERT HALF INC. | Industrials | $580K | — | 19K | New | |||
| 108 | $GT PUT | GOODYEAR TIRE & RUBBER CO /OH/ | Materials | $574K | — | 87K | New | |||
| 109 | $H | Hyatt Hotels Corp | Consumer Discretionary | $543K | 0.3% | 2,800 | New | |||
| 110 | $CW | CURTISS WRIGHT CORP | Industrials | $521K | 0.3% | 687 | -53% | |||
| 111 | $CIEN | CIENA CORP | Technology | $472K | 0.3% | 962 | New | |||
| 112 | $COHR | COHERENT CORP. | Technology | $462K | 0.3% | 1,171 | -68% | |||
| 113 | $KRMN | Karman Holdings Inc. | Industrials | $459K | 0.3% | 9,200 | +9% | |||
| 114 | $AER | AerCap Holdings N.V. | Industrials | $447K | 0.3% | 3,063 | -39% | |||
| 115 | $ISRG | INTUITIVE SURGICAL INC | Healthcare | $430K | 0.3% | 1,081 | New | |||
| 116 | $ABNB | Airbnb, Inc. | Technology | $430K | 0.3% | 3,004 | -16% | |||
| 117 | $SLB | SLB LIMITED/NV | Energy | $395K | 0.2% | 8,490 | New | |||
| 118 | $WSO | WATSCO INC | Consumer Discretionary | $390K | 0.2% | 937 | New | |||
| 119 | $AAPL | Apple Inc. | Technology | $381K | 0.2% | 1,315 | New | |||
| 120 | $LITE | Lumentum Holdings Inc. | Technology | $380K | 0.2% | 443 | -41% | |||
| 121 | $HAL | HALLIBURTON CO | Energy | $375K | 0.2% | 11K | New | |||
| 122 | $FLS | FLOWSERVE CORP | Industrials | $339K | 0.2% | 4,572 | New | |||
| 123 | $HOOD | Robinhood Markets, Inc. | Financials | $313K | 0.2% | 3,117 | +8% | |||
| 124 | $SOLS | Solstice Advanced Materials Inc. | Healthcare | $296K | 0.2% | 3,337 | — | |||
| 125 | $LEU | CENTRUS ENERGY CORP | Materials | $275K | 0.2% | 1,636 | -16% | |||
| 126 | $FDXF | FedEx Freight Holding Company, Inc. | Industrials | $220K | 0.1% | 1,459 | New |
What changed in Q2 2026
Against the previous quarter's 13F: 56 new, 24 added to, 45 trimmed, 50 sold out. Share-count changes; largest moves by dollar size first.
New positions (56)
$ROKUPUTROKU, INC$6.4M
first bought this quarter
$CBRSPUTCerebras Systems Inc.$4.4M
first bought this quarter
$BECALLBloom Energy Corp$4.0M
first bought this quarter
first bought this quarter
first bought this quarter
first bought this quarter
+50 more in the Excel export
Added to (24)
$ORCLPUTORACLE CORP+171%
now $3.5M
- SELECT SECTOR SPDR TR - ST STR CARE ETF+139%
now $2.7M
now $2.8M
now $2.8M
$ROKROCKWELL AUTOMATION, INC+98%
now $1.9M
$EBAYEBAY INC+71%
now $2.3M
+18 more in the Excel export
Trimmed (45)
$GLWCORNING INC /NY-83%
now $843K
now $2.8M
now $8.7M
now $3.1M
now $2.7M
now $4.5M
+39 more in the Excel export
Holdings by quarter
Every 13F SANDLER CAPITAL MANAGEMENT has filed, 41 earlier quarters. Pick one to see what it held then.
Portfolio Overview
SANDLER CAPITAL MANAGEMENT disclosed 126 positions worth $201.5M in its Form 13F-HR for Q2 2026 — $169.3M in common stock plus $32.1M of put/call option positions (reported at underlying notional value, not premium at risk), led by $KEYS (Keysight Technologies, Inc.) at 5.1% of the equity portfolio, followed by $MSGS and $EGP. During the quarter the fund opened 56 new positions and exited 50 — including a new stake in $ROKU and a full exit from $TSM. The portfolio is most concentrated in Technology (30.2% of disclosed assets). All figures are sourced directly from SANDLER CAPITAL MANAGEMENT’s Form 13F-HR filing with the SEC under CIK 1000742.
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