# SANDLER CAPITAL MANAGEMENT

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1000742. Source: https://holderbook.com/funds/1000742-sandler-capital-management/

- Reported value: $201.5M
- Positions: 124
- Weight of the ten largest: 23.9%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $8.7M | 24,752 | 4.3% | 7 |
| ROKU INC | [ROKU](https://holderbook.com/stocks/ROKU/) | $6.4M | 0 | 3.2% | 2 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $5.5M | 4,869 | 2.7% | 2 |
| MADISON SQUARE GRDN SPRT COR | [MSGS](https://holderbook.com/stocks/MSGS/) | $4.5M | 11,297 | 2.3% | 5 |
| CEREBRAS SYSTEMS INC | [CBRS](https://holderbook.com/stocks/CBRS/) | $4.4M | 0 | 2.2% | 1 |
| EASTGROUP PPTYS INC | [EGP](https://holderbook.com/stocks/EGP/) | $4.2M | 20,906 | 2.1% | 6 |
| MSC INDL DIRECT INC | [MSM](https://holderbook.com/stocks/MSM/) | $3.8M | 32,085 | 1.9% | 1 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $3.7M | 27,249 | 1.8% | 24 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $3.5M | 0 | 1.7% | 2 |
| HINGE HEALTH INC | [HNGE](https://holderbook.com/stocks/HNGE/) | $3.3M | 39,673 | 1.6% | 5 |
| MADISON SQUARE GARDEN ENTMT | [MSGE](https://holderbook.com/stocks/MSGE/) | $3.1M | 37,839 | 1.5% | 5 |
| AMETEK INC | [AME](https://holderbook.com/stocks/AME/) | $3.0M | 12,553 | 1.5% | 2 |
| LIBERTY MEDIA CORP DEL | [FWONK](https://holderbook.com/stocks/FWONK/) | $2.8M | 29,692 | 1.4% | 1 |
| TKO GROUP HOLDINGS INC | [TKO](https://holderbook.com/stocks/TKO/) | $2.8M | 13,996 | 1.4% | 12 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $2.8M | 7,542 | 1.4% | 1 |
| SENSIENT TECHNOLOGIES CORP | [SXT](https://holderbook.com/stocks/SXT/) | $2.8M | 22,588 | 1.4% | 6 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $2.8M | 27,018 | 1.4% | 3 |
| LIVE NATION ENTERTAINMENT IN | [LYV](https://holderbook.com/stocks/LYV/) | $2.8M | 15,068 | 1.4% | 16 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $2.7M | 12,889 | 1.4% | 2 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $2.7M | 17,034 | 1.3% | 3 |
| CLEAN HARBORS INC | [CLH](https://holderbook.com/stocks/CLH/) | $2.7M | 8,985 | 1.3% | 2 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $2.7M | 5,589 | 1.3% | 11 |
| PLEXUS CORP | [PLXS](https://holderbook.com/stocks/PLXS/) | $2.7M | 8,832 | 1.3% | 1 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $2.5M | 3,472 | 1.2% | 1 |
| FORESTAR GROUP INC | [FOR](https://holderbook.com/stocks/FOR/) | $2.5M | 79,222 | 1.2% | 4 |
| RPM INTL INC | [RPM](https://holderbook.com/stocks/RPM/) | $2.5M | 22,270 | 1.2% | 1 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $2.4M | 5,281 | 1.2% | 1 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $2.3M | 20,710 | 1.1% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.3M | 9,667 | 1.1% | 12 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $2.3M | 12,031 | 1.1% | 8 |
| COMMERCIAL METALS CO | [CMC](https://holderbook.com/stocks/CMC/) | $2.2M | 9,606 | 1.1% | 1 |
| UPSTART HLDGS INC | [UPST](https://holderbook.com/stocks/UPST/) | $2.2M | 0 | 1.1% | 17 |
| CHIME FINL INC | [CHYM](https://holderbook.com/stocks/CHYM/) | $2.2M | 0 | 1.1% | 3 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $2.1M | 6,405 | 1.1% | 1 |
| LEVI STRAUSS & CO NEW | [LEVI](https://holderbook.com/stocks/LEVI/) | $2.0M | 79,860 | 1.0% | 1 |
| TELEDYNE TECHNOLOGIES INC | [TDY](https://holderbook.com/stocks/TDY/) | $2.0M | 2,941 | 1.0% | 6 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $1.9M | 3,914 | 1.0% | 5 |
| RBC BEARINGS INC | [RBC](https://holderbook.com/stocks/RBC/) | $1.9M | 3,004 | 1.0% | 2 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $1.8M | 1,774 | 0.9% | 2 |
| APPLIED INDL TECHNOLOGIES IN | [AIT](https://holderbook.com/stocks/AIT/) | $1.8M | 5,232 | 0.9% | 1 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $1.7M | 36,259 | 0.9% | 2 |
| WOODWARD INC | [WWD](https://holderbook.com/stocks/WWD/) | $1.6M | 3,810 | 0.8% | 3 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $1.6M | 4,069 | 0.8% | 2 |
| GUARDANT HEALTH INC | [GH](https://holderbook.com/stocks/GH/) | $1.6M | 10,580 | 0.8% | 1 |
| IDEX CORP | [IEX](https://holderbook.com/stocks/IEX/) | $1.6M | 6,941 | 0.8% | 1 |
| AVERY DENNISON CORP | [AVY](https://holderbook.com/stocks/AVY/) | $1.6M | 9,682 | 0.8% | 3 |
| REVOLUTION MEDICINES INC | [RVMD](https://holderbook.com/stocks/RVMD/) | $1.6M | 8,328 | 0.8% | 1 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $1.5M | 4,008 | 0.7% | 1 |
| MASCO CORP | [MAS](https://holderbook.com/stocks/MAS/) | $1.5M | 18,125 | 0.7% | 1 |
| STMICROELECTRONICS N V | [STM](https://holderbook.com/stocks/STM/) | $1.5M | 19,539 | 0.7% | 2 |
| TALEN ENERGY CORP | [TLN](https://holderbook.com/stocks/TLN/) | $1.5M | 3,775 | 0.7% | 6 |
| LIONSGATE STUDIOS CORP | [LION](https://holderbook.com/stocks/LION/) | $1.4M | 0 | 0.7% | 4 |
| LEMONADE INC | [LMND](https://holderbook.com/stocks/LMND/) | $1.4M | 0 | 0.7% | 1 |
| SPHERE ENTERTAINMENT CO | [SPHR](https://holderbook.com/stocks/SPHR/) | $1.4M | 8,339 | 0.7% | 6 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $1.4M | 4,858 | 0.7% | 4 |
| CAVA GROUP INC | [CAVA](https://holderbook.com/stocks/CAVA/) | $1.4M | 17,874 | 0.7% | 2 |
| INVESCO EXCHANGE TRADED FD T | [RSPH](https://holderbook.com/stocks/RSPH/) | $1.4M | 41,000 | 0.7% | 1 |
| RALPH LAUREN CORP | [RL](https://holderbook.com/stocks/RL/) | $1.4M | 3,389 | 0.7% | 3 |
| QNITY ELECTRONICS INC | [Q](https://holderbook.com/stocks/Q/) | $1.4M | 8,316 | 0.7% | 1 |
| TOLL BROTHERS INC | [TOL](https://holderbook.com/stocks/TOL/) | $1.3M | 8,172 | 0.7% | 1 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $1.3M | 9,986 | 0.7% | 5 |
| SHAKE SHACK INC | [SHAK](https://holderbook.com/stocks/SHAK/) | $1.3M | 0 | 0.7% | 1 |
| MACOM TECH SOLUTIONS HLDGS I | [MTSI](https://holderbook.com/stocks/MTSI/) | $1.3M | 3,447 | 0.7% | 2 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $1.3M | 0 | 0.6% | 1 |
| COGNEX CORP | [CGNX](https://holderbook.com/stocks/CGNX/) | $1.3M | 17,340 | 0.6% | 1 |
| DYCOM INDS INC | [DY](https://holderbook.com/stocks/DY/) | $1.2M | 2,466 | 0.6% | 4 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $1.2M | 2,545 | 0.6% | 3 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $1.2M | 6,972 | 0.6% | 4 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.2M | 1,012 | 0.6% | 12 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.2M | 3,384 | 0.6% | 2 |
| ARCHROCK INC | [AROC](https://holderbook.com/stocks/AROC/) | $1.2M | 28,663 | 0.6% | 1 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $1.2M | 2,703 | 0.6% | 1 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $1.2M | 13,910 | 0.6% | 4 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $1.1M | 2,161 | 0.6% | 8 |
| TELEFONAKTIEBOLAGET LM ERICS | [ERIC](https://holderbook.com/stocks/ERIC/) | $1.1M | 0 | 0.6% | 1 |
| CUSTOM TRUCK ONE SOURCE INC | [CTOS](https://holderbook.com/stocks/CTOS/) | $1.0M | 87,077 | 0.5% | 4 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $1.0M | 2,349 | 0.5% | 1 |
| INVESCO LTD | [IVZ](https://holderbook.com/stocks/IVZ/) | $1.0M | 37,987 | 0.5% | 1 |
| RELIANCE INC | [RS](https://holderbook.com/stocks/RS/) | $974.3K | 2,608 | 0.5% | 1 |
| ISHARES TR | [IYR](https://holderbook.com/stocks/IYR/) | $950.9K | 9,300 | 0.5% | 1 |
| VERISIGN INC | [VRSN](https://holderbook.com/stocks/VRSN/) | $938.8K | 3,732 | 0.5% | 1 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $911.8K | 1,757 | 0.5% | 2 |
| CANTOR EQUITY PARTNERS II IN | [CEPT](https://holderbook.com/stocks/CEPT/) | $899.1K | 67,000 | 0.4% | 2 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $875.4K | 2,588 | 0.4% | 1 |
| VIAVI SOLUTIONS INC | [VIAV](https://holderbook.com/stocks/VIAV/) | $851.1K | 17,824 | 0.4% | 2 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $842.7K | 3,299 | 0.4% | 8 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $842.3K | 2,384 | 0.4% | 6 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $837.1K | 8,218 | 0.4% | 1 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $834.1K | 2,800 | 0.4% | 2 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $811.8K | 1,905 | 0.4% | 10 |
| TRIMBLE INC | [TRMB](https://holderbook.com/stocks/TRMB/) | $808.7K | 15,802 | 0.4% | 10 |
| NOKIA CORP | [NOK](https://holderbook.com/stocks/NOK/) | $801.6K | 60,362 | 0.4% | 2 |
| MP MATERIALS CORP | [MP](https://holderbook.com/stocks/MP/) | $794.9K | 14,192 | 0.4% | 1 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $784.6K | 4,626 | 0.4% | 4 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $775.9K | 390 | 0.4% | 1 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $761.0K | 2,273 | 0.4% | 1 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $760.2K | 2,034 | 0.4% | 2 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $708.0K | 3,717 | 0.4% | 4 |
| NORDSON CORP | [NDSN](https://holderbook.com/stocks/NDSN/) | $707.8K | 2,346 | 0.4% | 1 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $698.2K | 2,528 | 0.3% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +23.2% | +14.8% | +8.4% | 92% |
| Q1 2026 | +4.6% | -4.6% | +9.2% | 85% |
| Q4 2025 | +5.8% | +2.4% | +3.5% | 97% |
| Q3 2025 | +10.4% | +7.8% | +2.6% | 92% |
| Q2 2025 | +14.5% | +10.5% | +4.1% | 95% |
| Q1 2025 | -9.6% | -4.6% | -5.0% | 96% |
| Q4 2024 | +2.0% | +2.1% | -0.2% | 90% |
| Q3 2024 | +4.6% | +5.4% | -0.8% | 87% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $201.5M | 124 |
| Q1 2026 | $193.1M | 117 |
| Q4 2025 | $305.3M | 131 |
| Q3 2025 | $340.5M | 142 |
| Q2 2025 | $369.6M | 142 |
| Q1 2025 | $399.6M | 115 |
| Q4 2024 | $962.9M | 149 |
| Q3 2024 | $757.0M | 136 |
| Q2 2024 | $933.4M | 116 |
| Q1 2024 | $1.4B | 131 |
| Q4 2023 | $1.2B | 107 |
| Q3 2023 | $971.1M | 107 |