Managers / Q3 2020
Sandell Asset Management Corp.
CIK 0001140474 · 540 MADISON AVENUE, 36TH FLOOR, NEW YORK, NY, 10022 · 2126035700
Summary
Sandell Asset Management Corp. reported $179M in U.S.-listed holdings across 30 positions for Q3 2020.
The portfolio is heavily concentrated: DHR alone accounts for 22.3% of reported value.
Compared with Q2 2020, the fund opened 1 new position and exited 18.
Portfolio Metrics
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 87.1% · $156M
- ETP · 4.5% · $8M
- US DOMESTIC · 3.6% · $6M
- Other · 2.6% · $5M
- ADR · 2.1% · $4M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| DCHAMERICAN AXLE & MFG HLDGS IN | NEW | +100.0K | 100.0K | +$577,000 | $577,000 |
| AAPLAPPLE INC | ADDED | +99.9K | 133.1K | +$3M | $15M |
| EAELECTRONIC ARTS INC | SOLD OUT | −100.0K | 0 | −$13M | $0 |
| XPERI HOLDING CORP | SOLD OUT | −750.5K | 0 | −$11M | $0 |
| ACTIVISION BLIZZARD INC | SOLD OUT | −100.0K | 0 | −$8M | $0 |
| TCOTAUBMAN CTRS INC | SOLD OUT | −194.0K | 0 | −$7M | $0 |
| TTWOTAKE-TWO INTERACTIVE SOFTWAR | SOLD OUT | −50.0K | 0 | −$7M | $0 |
| TGNATEGNA INC | SOLD OUT | −547.7K | 0 | −$6M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2020
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q3 2020 | $179M | 30 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $250M | 52 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $459M | 59 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $618M | 50 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $298M | 40 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $883M | 41 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $565M | 41 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $905M | 44 | Feb 14, 2019 | 13F-HR | changes · 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 ↗.