SEC 13F Intelligence

Managers / Q1 2026

SANDLER CAPITAL MANAGEMENT

CIK 0001000742 · 711 FIFTH AVENUE, SUITE 500, NEW YORK, NY, 10022 · 2127548100

Reported Value
$193M
Q1 2026
Positions
120
Filings on Record
30
2019–present window
Filed
May 15, 2026
original filing

Summary

Sandler Capital Management reported $193M in U.S.-listed holdings across 120 positions for Q1 2026.

Its largest position, KEYS, represents 4.8% of the portfolio.

Compared with Q4 2025, the fund opened 47 new positions and exited 61.

Portfolio Metrics

Turnover
+29.4%
vs prior filed quarter
Top-10 Concentration
+24.3%
share of reported value
Largest Position
+4.8%
Keysight Technologies
New / Exited
47 / 61
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.2BQ4 ’18Q1 ’19: $1.3BQ2 ’19: $1.5BQ3 ’19: $1.1BQ4 ’19: $871MQ4 ’19Q1 ’20: $723MQ2 ’20: $1.1BQ3 ’20: $995MQ4 ’20: $855MQ4 ’20Q1 ’21: $1.2BQ2 ’21: $1.3BQ3 ’21: $1.1BQ4 ’21: $1.2BQ4 ’21Q1 ’22: $1.1BQ2 ’22: $943MQ3 ’22: $717MQ4 ’22: $976MQ4 ’22Q1 ’23: $1.1BQ2 ’23: $1.2BQ3 ’23: $971MQ4 ’23: $1.2BQ4 ’23Q1 ’24: $1.4BQ2 ’24: $933MQ3 ’24: $757MQ4 ’24: $963MQ4 ’24Q1 ’25: $400MQ2 ’25: $370MQ3 ’25: $340MQ4 ’25: $305MQ4 ’25Q1 ’26: $193Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 81.2%ADR: 7.3%REIT: 5.5%Other: 5.0%ETP: 0.5%Other: 0.5%
  • Common Stock · 81.2% · $157M
  • ADR · 7.3% · $14M
  • REIT · 5.5% · $11M
  • Other · 5.0% · $10M
  • ETP · 0.5% · $1M
  • Other · 0.5% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CRWVCOREWEAVE INCNEW+48.9K48.9K+$4M$4M
XYZBLOCK INCNEW+60.0K60.0K+$4M$4M
MRVLMARVELL TECHNOLOGY INCNEW+34.3K34.3K+$3M$3M
CLHCLEAN HARBORS INCNEW+11.0K11.0K+$3M$3M
DGXQUEST DIAGNOSTICS INCNEW+15.0K15.0K+$3M$3M
ROKUROKU INCNEW+27.1K27.1K+$3M$3M
ARESARES MANAGEMENT CORPORATIONNEW+22.5K22.5K+$2M$2M
ADIANALOG DEVICES INCNEW+7.3K7.3K+$2M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1KEYSKEYSIGHT TECHNOLOGIES INChistory →COM4.84%$9M33.1K
2TKOTKO GROUP HOLDINGS INChistory →CL A3.38%$7M32.4K
3MSGSMADISON SQUARE GRDN SPRT CORhistory →CL A2.72%$5M16.3K
4EGPEASTGROUP PPTYS INChistory →COM2.47%$5M25.7K
5PLDPROLOGIS INC.history →COM2.28%$4M33.4K
6MSGEMADISON SQUARE GARDEN ENTMThistory →COM CL A2.19%$4M71.7K
7TSMTAIWAN SEMICONDUCTOR MANUFAChistory →SPONSORED ADS1.81%$4M10.4K
8CLHCLEAN HARBORS INChistory →COM1.64%$3M11.0K
9DGXQUEST DIAGNOSTICS INChistory →COM1.52%$3M15.0K
10RLRALPH LAUREN CORPhistory →CL A1.45%$3M8.2K
11GLWCORNING INChistory →COM1.41%$3M20.0K
12FORFORESTAR GROUP INChistory →COM1.40%$3M111.0K
13LYVLIVE NATION ENTERTAINMENT INhistory →COM1.24%$2M15.7K
14ADIANALOG DEVICES INChistory →COM1.21%$2M7.3K
15DHRDANAHER CORP DELhistory →COM1.20%$2M12.3K
16LHXL3HARRIS TECHNOLOGIES INChistory →COM1.18%$2M6.6K
17AMEAMETEK INChistory →COM1.14%$2M10.3K
18HUBBHUBBELL INChistory →COM1.10%$2M4.3K
19TDYTELEDYNE TECHNOLOGIES INChistory →COM1.07%$2M3.4K
20LLYELI LILLY & COhistory →COM1.03%$2M2.2K
21HONGBPHONEYWELL INTL INCCOM0.98%$2M8.3K
22RTXRTX CORPORATIONCOM0.97%$2M9.7K
23WABWABTECCOM0.96%$2M7.4K
24HDHOME DEPOT INCCOM0.96%$2M5.6K
25BABOEING COCOM0.88%$2M8.5K
26TRMBTRIMBLE INCCOM0.87%$2M25.8K
27FDXFEDEX CORPCOM0.87%$2M4.7K
28LMTLOCKHEED MARTIN CORPCOM0.87%$2M2.8K
29FLEXTRONICS INTL LTDORD0.86%$2M25.4K
30WWDWOODWARD INCCOM0.86%$2M4.6K
31TERTERADYNE INCCOM0.85%$2M5.5K
32AMZNAMAZON COM INCCOM0.83%$2M7.7K
33MTSIMACOM TECH SOLUTIONS HLDGS ICOM0.79%$2M6.9K
34NOKNOKIA CORPSPONSORED ADR0.75%$1M180.4K
35EQIXEQUINIX INCCOM0.74%$1M1.5K
36LINDE PLCSHS0.73%$1M2.9K
37CANTOR EQUITY PARTNERS II INCL A ORD SHS0.68%$1M121.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$193M120May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$305M141Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$340M144Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$370M147Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$400M118May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$963M151Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$757M142Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$933M123Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.4B139May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.2B108Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$971M109Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.2B94Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.1B99May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$976M91Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$717M83Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$943M91Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.1B108May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.2B100Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.1B104Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.3B96Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.2B105May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$855M73Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$995M76Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.1B78Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$723M80May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$871M69Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.1B109Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.5B136Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.3B117May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.2B99Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.