# Sandell Asset Management Corp.

> Institutional holdings reported to the SEC as of Q3 2020 on Form 13F. CIK 1140474. Source: https://holderbook.com/funds/1140474-sandell-asset-management-corp/

- Reported value: $178.7M
- Positions: 28
- Weight of the ten largest: 72.2%
- Filed: 2020-11-16

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 |
|---|---|---|---|---|---|
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $39.8M | 185,000 | 22.3% | 8 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $15.4M | 133,148 | 8.6% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $15.0M | 4,764 | 8.4% | 8 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $13.1M | 62,293 | 7.3% | 8 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $10.0M | 50,500 | 5.6% | 5 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $8.5M | 32,610 | 4.8% | 8 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $7.7M | 5,264 | 4.3% | 8 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $6.7M | 37,900 | 3.8% | 2 |
| DISH NETWORK CORPORATION | - | $6.5M | 7,000,000 | 3.6% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $6.2M | 29,350 | 3.5% | 3 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $5.3M | 26,900 | 3.0% | 8 |
| NAVISTAR INTL CORP NEW | [NAV](https://holderbook.com/stocks/NAV/) | $5.0M | 113,700 | 2.8% | 2 |
| MANCHESTER UTD PLC NEW | [MANU](https://holderbook.com/stocks/MANU/) | $4.7M | 320,000 | 2.6% | 5 |
| VODAFONE GROUP PLC | [VOD](https://holderbook.com/stocks/VOD/) | $3.8M | 285,000 | 2.1% | 5 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $3.7M | 11,000 | 2.1% | 8 |
| OLIN CORP | [OLN](https://holderbook.com/stocks/OLN/) | $3.5M | 282,464 | 2.0% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.4M | 16,900 | 1.9% | 8 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $3.2M | 22,008 | 1.8% | 5 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $3.1M | 180,000 | 1.7% | 3 |
| KRATON CORPORATION | [KRA](https://holderbook.com/stocks/KRA/) | $3.0M | 170,000 | 1.7% | 4 |
| WYNDHAM HOTELS & RESORTS INC | [WH](https://holderbook.com/stocks/WH/) | $2.5M | 49,400 | 1.4% | 8 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $2.4M | 35,000 | 1.4% | 3 |
| ARRAY DIGITAL INFRASTRUCTURE | [AD](https://holderbook.com/stocks/AD/) | $1.6M | 54,026 | 0.9% | 4 |
| DANA INC | [DAN](https://holderbook.com/stocks/DAN/) | $1.6M | 127,907 | 0.9% | 3 |
| ISHARES TR | [IDNA](https://holderbook.com/stocks/IDNA/) | $1.4M | 35,000 | 0.8% | 2 |
| LIBERTY MEDIA CORP DEL | [LSXMAXXXX](https://holderbook.com/stocks/LSXMAXXXX/) | $770.0K | 23,200 | 0.4% | 8 |
| DAUCH CORP | [DCH](https://holderbook.com/stocks/DCH/) | $577.0K | 100,000 | 0.3% | 1 |
| LIBERTY MEDIA CORP DEL | [LSXMKXXXX](https://holderbook.com/stocks/LSXMKXXXX/) | $75.0K | 2,282 | 0.0% | 2 |

## 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 |
|---|---|---|---|---|
| Q3 2020 | +14.4% | +8.6% | +5.8% | 84% |
| Q2 2020 | +14.9% | +19.6% | -4.7% | 76% |
| Q1 2020 | -12.8% | -19.9% | +7.1% | 60% |
| Q4 2019 | +11.4% | +8.5% | +2.9% | 64% |
| Q2 2019 | +4.0% | +3.7% | +0.2% | 63% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2020 | $178.7M | 28 |
| Q2 2020 | $249.9M | 45 |
| Q1 2020 | $459.1M | 51 |
| Q4 2019 | $618.2M | 45 |
| Q3 2019 | $297.5M | 36 |
| Q2 2019 | $883.1M | 41 |
| Q1 2019 | $564.9M | 38 |
| Q4 2018 | $905.0M | 40 |