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SANDLER CAPITAL MANAGEMENT — 13F Holdings & Portfolio

CIK 1000742 · latest 13F-HR filed 2026-08-14

Backtest portfolio

SANDLER CAPITAL MANAGEMENT manages $201.5M in 13F-reported U.S. long-equity assets across 126 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are KEYS (4.30%), ROKU (3.20%), MSGS (2.25%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 46 new positions and exited 34; 29 existing positions rose in reported value and 33 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$201.5M

Long-equity book

Holdings
126

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+46 / −34 / ↑29 / ↓33

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
KEYS5.1% · -25%MSGS2.7% · -31%EGP2.5% · -19%MSM2.3% · newPLD2.2% · -18%HNGE1.9% · +27%MSGE1.8% · -47%AME1.8% · +22%FWONK1.7% · newTKO1.7% · -57%MAR1.7% · newSXT1.6% · +105%SBUX1.6% · +120%LYV1.6% · -4%DGX1.6% · -14%XLV1.6% · +139%CLH1.6% · -18%TSM1.6% · -46%PLXS1.6% · newAMAT1.5% · newFOR1.5% · -29%RPM1.5% · newSPOT1.4% · newEBAY1.4% · +71%AMZN1.4% · +25%RTX1.3% · +24%HLT1.2% · newLEVI1.2% · newTDY1.2% · -14%ROK1.1% · +98%RBC1.1% · +25%EQIX1.1% · +22%AIT1.0% · newCSX1.0% · +45%WWD1.0% · -18%ADI1.0% · -44%GH0.9% · newIEX0.9% · newAVY0.9% · newRVMD0.9% · newCDNS0.9% · newMAS0.9% · newBE0.9% · +59%STM0.9% · newTLN0.9% · +114%SPHR0.9% · -15%LHX0.8% · -26%CAVA0.8% · +95%RSPH0.8% · newRL0.8% · -58%Q0.8% · newTOL0.8% · newA0.8% · -8%MTSI0.8% · -50%CGNX0.7% · newDY0.7% · +23%TER0.7% · -54%APH0.7% · -2%LLY0.7% · -53%HD0.7% · -40%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 23.6%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People
Assets Under Management
$395.0M
Discretionary
$395.0M
Employees
17
Accounts
11
Address
711 FIFTH AVENUE
SUITE 500
NEW YORK, NY 10022
Phone
(212) 754-8100
Website
Name Title / Status Ownership Type
ALCR CORP ControlGENERAL PARTNER50–75%Domestic Entity
MAROCCO, MICHAEL, JOSEPH ControlSOLE SHAREHOLDER75% or moreIndividual
MAROCCO, MICHAEL, JOSEPH ControlMANAGING DIRECTORLess than 5%Individual
MJDM CORP ControlGENERAL PARTNER5–10%Domestic Entity
MK SCM CORP. ControlGENERAL PARTNER5–10%Domestic Entity
SANDLER, ANDREW, MARK ControlMANAGING DIRECTORLess than 5%Individual
SANDLER, ANDREW, MARK ControlSOLE SHAREHOLDER75% or moreIndividual
SERF CORP ControlGENERAL PARTNER5–10%Domestic Entity
TCM SCM CORP. ControlGENERAL PARTNER5–10%Domestic Entity
TRM SCM CORP. ControlGENERAL PARTNER5–10%Domestic Entity
VM SCM CORP. ControlGENERAL PARTNER10–25%Domestic Entity
BENKOVIC, BRENTMANAGING DIRECTORLess than 5%Individual
BIANCO, WILLIAM, ANTHONYMANAGING DIRECTORLess than 5%Individual
KOHN, MATTHEW, EVANMANAGING DIRECTORLess than 5%Individual
KOHN, MATTHEW, EVANSOLE SHAREHOLDER75% or moreIndividual
MARSEK, TIMOTHY, RYANMANAGING DIRECTORLess than 5%Individual
MARSEK, TIMOTHY, RYANSOLE SHAREHOLDER75% or moreIndividual
MENZA, VITOMANAGING DIRECTORLess than 5%Individual
MENZA, VITOSOLE SHAREHOLDER75% or moreIndividual
MOLNAR, THOMAS, CMANAGING DIRECTORLess than 5%Individual
MOLNAR, THOMAS, CSOLE SHAREHOLDER75% or moreIndividual
SCHIMMEL, DOUGLAS, EVANSOLE SHAREHOLDER75% or moreIndividual
SCHIMMEL, DOUGLAS, EVANCHIEF OPERATING OFFICERLess than 5%Individual
SEEWALD, STACEY, WRUBLECHIEF COMPLIANCE OFFICERLess than 5%Individual

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

SANDLER CAPITAL MANAGEMENT Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 KEYSIGHT TECHNOLOGIES INC KEYS 49338L103 $8.7M 4.30% 24,752 SH
2 ROKU INC Put ROKU 77543R102 $6.4M 3.20% 46,600 SH
3 MADISON SQUARE GRDN SPRT COR MSGS 55825T103 $4.5M 2.25% 11,297 SH
4 CEREBRAS SYSTEMS INC Put CBRS 15675D103 $4.4M 2.19% 20,000 SH
5 EASTGROUP PPTYS INC EGP 277276101 $4.2M 2.10% 20,906 SH
6 BLOOM ENERGY CORP Call BE 093712107 $4.0M 2.00% 13,300 SH
7 MSC INDL DIRECT INC MSM 553530106 $3.8M 1.89% 32,085 SH
8 PROLOGIS INC. PLD 74340W103 $3.7M 1.83% 27,249 SH
9 ORACLE CORP Put ORCL 68389X105 $3.5M 1.72% 23,600 SH
10 HINGE HEALTH INC HNGE 433313103 $3.3M 1.63% 39,673 SH
11 MADISON SQUARE GARDEN ENTMT MSGE 558256103 $3.1M 1.52% 37,839 SH
12 AMETEK INC AME 031100100 $3.0M 1.51% 12,553 SH
13 LIBERTY MEDIA CORP DEL FWONK 531229755 $2.8M 1.40% 29,692 SH
14 TKO GROUP HOLDINGS INC TKO 87256C101 $2.8M 1.40% 13,996 SH
15 MARRIOTT INTL INC NEW MAR 571903202 $2.8M 1.39% 7,542 SH
16 SENSIENT TECHNOLOGIES CORP SXT 81725T100 $2.8M 1.38% 22,588 SH
17 STARBUCKS CORP SBUX 855244109 $2.8M 1.37% 27,018 SH
18 LIVE NATION ENTERTAINMENT IN LYV 538034109 $2.8M 1.37% 15,068 SH
19 QUEST DIAGNOSTICS INC DGX 74834L100 $2.7M 1.36% 12,889 SH
20 SELECT SECTOR SPDR TR XLV 81369Y209 $2.7M 1.34% 17,034 SH
21 CLEAN HARBORS INC CLH 184496107 $2.7M 1.33% 8,985 SH
22 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $2.7M 1.32% 5,589 SH
23 PLEXUS CORP PLXS 729132100 $2.7M 1.32% 8,832 SH
24 APPLIED MATLS INC AMAT 038222105 $2.5M 1.25% 3,472 SH
25 FORESTAR GROUP INC FOR 346232101 $2.5M 1.24% 79,222 SH
26 RPM INTL INC RPM 749685103 $2.5M 1.23% 22,270 SH
27 SPOTIFY TECHNOLOGY S A SPOT L8681T102 $2.4M 1.20% 5,281 SH
28 EBAY INC. EBAY 278642103 $2.3M 1.15% 20,710 SH
29 AMAZON COM INC AMZN 023135106 $2.3M 1.14% 9,667 SH
30 RTX CORPORATION RTX 75513E101 $2.3M 1.13% 12,031 SH
31 UPSTART HLDGS INC Put UPST 91680M107 $2.2M 1.09% 61,900 SH
32 CHIME FINL INC Put CHYM 16935C109 $2.2M 1.08% 106,000 SH
33 HILTON WORLDWIDE HLDGS INC HLT 43300A203 $2.1M 1.05% 6,405 SH
34 LEVI STRAUSS & CO NEW LEVI 52736R102 $2.0M 0.98% 79,860 SH
35 TELEDYNE TECHNOLOGIES INC TDY 879360105 $2.0M 0.97% 2,941 SH
36 ROCKWELL AUTOMATION INC ROK 773903109 $1.9M 0.96% 3,914 SH
37 RBC BEARINGS INC RBC 75524B104 $1.9M 0.96% 3,004 SH
38 EQUINIX INC EQIX 29444U700 $1.8M 0.92% 1,774 SH
39 APPLIED INDL TECHNOLOGIES IN AIT 03820C105 $1.8M 0.88% 5,232 SH
40 CSX CORP CSX 126408103 $1.7M 0.86% 36,259 SH
41 COMMERCIAL METALS CO Call CMC 201723103 $1.6M 0.81% 26,100 SH
42 WOODWARD INC WWD 980745103 $1.6M 0.80% 3,810 SH
43 ANALOG DEVICES INC ADI 032654105 $1.6M 0.80% 4,069 SH
44 GUARDANT HEALTH INC GH 40131M109 $1.6M 0.79% 10,580 SH
45 IDEX CORP IEX 45167R104 $1.6M 0.78% 6,941 SH
46 AVERY DENNISON CORP AVY 053611109 $1.6M 0.78% 9,682 SH
47 REVOLUTION MEDICINES INC RVMD 76155X100 $1.6M 0.77% 8,328 SH
48 CADENCE DESIGN SYSTEM INC CDNS 127387108 $1.5M 0.75% 4,008 SH
49 MASCO CORP MAS 574599106 $1.5M 0.73% 18,125 SH
50 BLOOM ENERGY CORP BE 093712107 $1.5M 0.73% 4,869 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $201.5M 126 0001140361-26-033161
2026-03-31 2026-05-15 $193.1M 120 0001140361-26-021674
2025-12-31 2026-02-17 $305.3M 141 0001140361-26-005786
2025-09-30 2025-11-14 $340.5M 144 0001140361-25-042347
Filer Information
Address
711 FIFTH AVENUE
SUITE 500
NEW YORK, NY 10022
Phone
(212) 754-8100
Filing Manager
SANDLER CAPITAL MANAGEMENT
NEW YORK, NY
Signatory
Andrew Sandler
Managing Director