Managers / Q1 2019 · view latest →
Sandell Asset Management Corp.
CIK 0001140474 · 540 MADISON AVENUE, 36TH FLOOR, NEW YORK, NY, 10022 · 2126035700
Summary
Sandell Asset Management Corp. reported $565M in U.S.-listed holdings across 41 positions for Q1 2019.
Its largest position, Goldcorp, represents 14.4% of the portfolio.
Compared with Q4 2018, the fund opened 17 new positions and exited 19.
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 · 47.3% · $267M
- Other · 44.0% · $249M
- ETP · 8.5% · $48M
- ADR · 0.2% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2018 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| GOLDCORP INC NEW | NEW | +7.11M | 7.11M | +$81M | $81M |
| SPARK THERAPEUTICS INC | NEW | +425.9K | 425.9K | +$49M | $49M |
| FDCFIRST DATA CORP NEW | NEW | +1.60M | 1.60M | +$42M | $42M |
| ULTIMATE SOFTWARE GROUP INC | NEW | +116.8K | 116.8K | +$39M | $39M |
| L3 TECHNOLOGIES INC | NEW | +184.9K | 184.9K | +$38M | $38M |
| ELLIE MAE INC | NEW | +329.3K | 329.3K | +$32M | $32M |
| ATTUNITY LTD | NEW | +1.07M | 1.07M | +$25M | $25M |
| ARRIS INTERNATIONAL PLC | NEW | +723.1K | 723.1K | +$23M | $23M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | GOLDCORP INC NEW | COM | 14.40% | $81M | 7.11M |
| 2 | RED HAT INC | COM | 8.52% | $48M | 263.4K |
| 3 | FDCFIRST DATA CORP NEWhistory → | COM CL A | 7.46% | $42M | 1.60M |
| 4 | SPARK THERAPEUTICS INC | COM | 7.03% | $40M | 348.7K |
| 5 | ULTIMATE SOFTWARE GROUP INC | COM | 6.83% | $39M | 116.8K |
| 6 | L3 TECHNOLOGIES INC | COM | 6.75% | $38M | 184.9K |
| 7 | ELLIE MAE INC | COM | 5.75% | $32M | 329.3K |
| 8 | ATTUNITY LTD | SHS NEW | 4.43% | $25M | 1.07M |
| 9 | ARRIS INTERNATIONAL PLC | SHS | 4.05% | $23M | 723.1K |
| 10 | TRCOTRIBUNE MEDIA COhistory → | CL A | 3.91% | $22M | 478.8K |
| 11 | WORLDPAY INC | CL A | 3.78% | $21M | 188.4K |
| 12 | CELGCELGENE CORPhistory → | COM | 2.94% | $17M | 176.1K |
| 13 | IMMUNE DESIGN CORP | COM | 1.35% | $8M | 1.30M |
| 14 | AMZNAMAZON COM INChistory → | COM | 1.22% | $7M | 3.9K |
| 15 | MSFTMICROSOFT CORPhistory → | COM | 1.07% | $6M | 51.2K |
| 16 | CSXCSX CORP | COM | 1.00% | $6M | 75.2K |
| 17 | ZAYO GROUP HLDGS INC | COM | 0.98% | $6M | 195.6K |
| 18 | AAPLAPPLE INC | COM | 0.92% | $5M | 27.3K |
| 19 | GOOGALPHABET INC | CAP STK CL C | 0.91% | $5M | 4.4K |
| 20 | PCRXPACIRA PHARMACEUTICALS INC | COM | 0.88% | $5M | 129.9K |
| 21 | DHRDANAHER CORPORATION | COM | 0.84% | $5M | 35.9K |
| 22 | METAFACEBOOK INC | CL A | 0.79% | $4M | 26.7K |
| 23 | TIVO CORP | COM | 0.44% | $2M | 267.7K |
| 24 | WHWYNDHAM HOTELS & RESORTS INC | COM | 0.44% | $2M | 49.4K |
| 25 | DISDISNEY WALT CO | COM DISNEY | 0.39% | $2M | 19.7K |
| 26 | ELANELANCO ANIMAL HEALTH INC | COM | 0.36% | $2M | 62.9K |
| 27 | MAMASTERCARD INC | CL A | 0.27% | $2M | 6.4K |
| 28 | PYPLPAYPAL HLDGS INC | COM | 0.26% | $1M | 14.3K |
| 29 | VVISA INC | COM CL A | 0.25% | $1M | 9.1K |
| 30 | APTIV PLC | SHS | 0.21% | $1M | 15.0K |
| 31 | URIUNITED RENTALS INC | COM | 0.20% | $1M | 10.0K |
| 32 | AALAMERICAN AIRLS GROUP INC | COM | 0.20% | $1M | 35.0K |
| 33 | CAESARS ENTMT CORP | COM | 0.18% | $1M | 117.0K |
| 34 | VODVODAFONE GROUP PLC NEW | SPONSORED ADR | 0.18% | $1M | 55.0K |
| 35 | RACEFERRARI N V | COM | 0.17% | $937,000 | 7.0K |
| 36 | LIBERTY MEDIA CORP DELAWARE | COM A SIRIUSXM | 0.16% | $886,000 | 23.2K |
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 ↗.