Managers / Q2 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 $883M in U.S.-listed holdings across 41 positions for Q2 2019.
Its largest position, Worldpay, represents 10.2% of the portfolio.
Compared with Q1 2019, the fund opened 14 new positions and exited 11.
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 · 83.2% · $734M
- Other · 11.3% · $100M
- ETP · 5.0% · $44M
- US DOMESTIC · 0.6% · $5M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| WELLCARE HEALTH PLANS INC | NEW | +243.7K | 243.7K | +$69M | $69M |
| ANADARKO PETE CORP | NEW | +959.9K | 959.9K | +$68M | $68M |
| DATATABLEAU SOFTWARE INC | NEW | +368.0K | 368.0K | +$61M | $61M |
| ADSWADVANCED DISP SVCS INC DEL | NEW | +845.5K | 845.5K | +$27M | $27M |
| TSSTOTAL SYS SVCS INC | NEW | +184.3K | 184.3K | +$24M | $24M |
| CTRLCONTROL4 CORP | NEW | +871.3K | 871.3K | +$21M | $21M |
| GLOBAL BRASS & COPPR HLDGS I | NEW | +264.8K | 264.8K | +$12M | $12M |
| ALLERGAN PLC | NEW | +54.0K | 54.0K | +$9M | $9M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | WORLDPAY INC | CL A | 10.20% | $90M | 734.9K |
| 2 | L3 TECHNOLOGIES INC | COM | 10.13% | $89M | 364.8K |
| 3 | RED HAT INC | COM | 8.59% | $76M | 404.2K |
| 4 | FDCFIRST DATA CORP NEWhistory → | COM CL A | 8.06% | $71M | 2.63M |
| 5 | WELLCARE HEALTH PLANS INC | COM | 7.87% | $69M | 243.7K |
| 6 | ANADARKO PETE CORP | COM | 7.67% | $68M | 959.9K |
| 7 | DATATABLEAU SOFTWARE INChistory → | CL A | 6.92% | $61M | 368.0K |
| 8 | SPARK THERAPEUTICS INC | COM | 4.97% | $44M | 428.3K |
| 9 | CELGCELGENE CORPhistory → | COM | 4.44% | $39M | 424.5K |
| 10 | ADSWADVANCED DISP SVCS INC DELhistory → | COM | 3.06% | $27M | 845.5K |
| 11 | TRCOTRIBUNE MEDIA COhistory → | CL A | 3.00% | $26M | 572.4K |
| 12 | ZAYO GROUP HLDGS INC | COM | 2.99% | $26M | 801.4K |
| 13 | TSSTOTAL SYS SVCS INChistory → | COM | 2.68% | $24M | 184.3K |
| 14 | CTRLCONTROL4 CORPhistory → | COM | 2.34% | $21M | 871.3K |
| 15 | GLOBAL BRASS & COPPR HLDGS I | COM | 1.31% | $12M | 264.8K |
| 16 | ALLERGAN PLC | SHS | 1.02% | $9M | 54.0K |
| 17 | CYEURCYPRESS SEMICONDUCTOR CORPhistory → | COM | 1.00% | $9M | 398.4K |
| 18 | AMBER RD INC | COM | 0.88% | $8M | 596.9K |
| 19 | AMZNAMAZON COM INC | COM | 0.83% | $7M | 3.9K |
| 20 | MSFTMICROSOFT CORP | COM | 0.78% | $7M | 51.2K |
| 21 | CSXCSX CORP | COM | 0.66% | $6M | 75.2K |
| 22 | PCRXPACIRA BIOSCIENCES | COM | 0.64% | $6M | 129.9K |
| 23 | AAPLAPPLE INC | COM | 0.61% | $5M | 27.3K |
| 24 | METAFACEBOOK INC | CL A | 0.58% | $5M | 26.7K |
| 25 | DHRDANAHER CORPORATION | COM | 0.58% | $5M | 35.9K |
| 26 | DISH NETWORK CORP | NOTE 3.375% 8/1 | 0.55% | $5M | 5.00M |
| 27 | GOOGALPHABET INC | CAP STK CL C | 0.53% | $5M | 4.4K |
| 28 | WHWYNDHAM HOTELS & RESORTS INC | COM | 0.31% | $3M | 49.4K |
| 29 | TIVO CORP | COM | 0.22% | $2M | 267.7K |
| 30 | CRAYCRAY INC | COM NEW | 0.22% | $2M | 54.9K |
| 31 | MAMASTERCARD INC | CL A | 0.19% | $2M | 6.4K |
| 32 | PYPLPAYPAL HLDGS INC | COM | 0.19% | $2M | 14.3K |
| 33 | OXYOCCIDENTAL PETE CORP | COM | 0.18% | $2M | 32.0K |
| 34 | VVISA INC | COM CL A | 0.18% | $2M | 9.1K |
| 35 | APTIV PLC | SHS | 0.16% | $1M | 17.5K |
| 36 | MAXAR TECHNOLOGIES INC | COM | 0.12% | $1M | 135.2K |
| 37 | URIUNITED RENTALS INC | COM | 0.11% | $929,000 | 7.0K |
| 38 | LIBERTY MEDIA CORP DELAWARE | COM A SIRIUSXM | 0.10% | $877,000 | 23.2K |
| 39 | RACEFERRARI N V | COM | 0.09% | $807,000 | 5.0K |
| 40 | AALAMERICAN AIRLS GROUP INC | COM | 0.07% | $652,000 | 20.0K |
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 ↗.