Managers / Q4 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 $618M in U.S.-listed holdings across 50 positions for Q4 2019.
Its largest position, Wellcare Health Plans, represents 7.2% of the portfolio.
Compared with Q3 2019, the fund opened 19 new positions and exited 10.
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 · 62.4% · $386M
- ETP · 22.5% · $139M
- Other · 14.1% · $87M
- US DOMESTIC · 0.8% · $5M
- ADR · 0.2% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| IWMISHARES TR | NEW | +650.0K | 650.0K | +$108M | $108M |
| WABCO HLDGS INC | NEW | +232.0K | 232.0K | +$31M | $31M |
| MEDICINES CO | NEW | +359.0K | 359.0K | +$30M | $30M |
| AUDENTES THERAPEUTICS INC | NEW | +500.0K | 500.0K | +$30M | $30M |
| CAESARS ENTMT CORP | NEW | +1.66M | 1.66M | +$23M | $23M |
| EEMISHARES TR | NEW | +500.0K | 500.0K | +$22M | $22M |
| TIFFANY & CO NEW | NEW | +152.0K | 152.0K | +$20M | $20M |
| TALLGRASS ENERGY LP | NEW | +850.0K | 850.0K | +$19M | $19M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | WELLCARE HEALTH PLANS INC | COM | 7.21% | $45M | 135.0K |
| 2 | ALLERGAN PLC | SHS | 6.80% | $42M | 220.0K |
| 3 | WABCO HLDGS INC | COM | 5.09% | $31M | 232.0K |
| 4 | CYEURCYPRESS SEMICONDUCTOR CORPhistory → | COM | 4.57% | $28M | 1.21M |
| 5 | ADSWADVANCED DISP SVCS INC DELhistory → | COM | 3.72% | $23M | 700.0K |
| 6 | CAESARS ENTMT CORP | COM | 3.65% | $23M | 1.66M |
| 7 | ZAYO GROUP HLDGS INC | COM | 3.51% | $22M | 626.0K |
| 8 | TIFFANY & CO NEW | COM | 3.29% | $20M | 152.0K |
| 9 | MEDICINES CO | COM | 3.22% | $20M | 234.0K |
| 10 | TALLGRASS ENERGY LP | CLASS A SHS | 3.04% | $19M | 850.0K |
| 11 | LIBERTY PPTY TR | SH BEN INT | 2.91% | $18M | 300.0K |
| 12 | AUDENTES THERAPEUTICS INC | COM | 2.90% | $18M | 300.0K |
| 13 | WRIGHT MED GROUP N V | ORD SHS | 1.73% | $11M | 350.2K |
| 14 | DHRDANAHER CORPORATIONhistory → | COM | 1.43% | $9M | 57.4K |
| 15 | MSFTMICROSOFT CORPhistory → | COM | 1.31% | $8M | 51.2K |
| 16 | AAPLAPPLE INChistory → | COM | 1.30% | $8M | 27.3K |
| 17 | AMZNAMAZON COM INChistory → | COM | 1.16% | $7M | 3.9K |
| 18 | PCRXPACIRA BIOSCIENCEShistory → | COM | 1.03% | $6M | 140.0K |
| 19 | INTERXION HOLDING N.V | SHS | 1.02% | $6M | 75.0K |
| 20 | ARQULE INC | COM | 0.97% | $6M | 300.0K |
| 21 | DISDISNEY WALT CO | COM DISNEY | 0.95% | $6M | 40.5K |
| 22 | GOOGALPHABET INC | CAP STK CL C | 0.94% | $6M | 4.4K |
| 23 | METAFACEBOOK INC | CL A | 0.89% | $5M | 26.7K |
| 24 | TIVO CORP | COM | 0.82% | $5M | 600.0K |
| 25 | DISH NETWORK CORP | NOTE 3.375% 8/1 | 0.78% | $5M | 5.00M |
| 26 | FITBIT INC | CL A | 0.53% | $3M | 500.0K |
| 27 | WHWYNDHAM HOTELS & RESORTS INC | COM | 0.50% | $3M | 49.4K |
| 28 | CISION LTD | SHS | 0.47% | $3M | 289.3K |
| 29 | AALAMERICAN AIRLS GROUP INC | COM | 0.40% | $2M | 86.3K |
| 30 | MANCHESTER UTD PLC NEW | ORD CL A | 0.34% | $2M | 106.0K |
| 31 | MAXAR TECHNOLOGIES INC | COM | 0.32% | $2M | 126.1K |
| 32 | MAMASTERCARD INC | CL A | 0.31% | $2M | 6.4K |
| 33 | VVISA INC | COM CL A | 0.28% | $2M | 9.1K |
| 34 | PYPLPAYPAL HLDGS INC | COM | 0.25% | $2M | 14.3K |
| 35 | FISFIDELITY NATL INFORMATION SV | COM | 0.23% | $1M | 10.3K |
| 36 | DCHAMERICAN AXLE & MFG HLDGS IN | COM | 0.23% | $1M | 130.0K |
| 37 | VODVODAFONE GROUP PLC NEW | SPONSORED ADR | 0.19% | $1M | 60.0K |
| 38 | LIBERTY MEDIA CORP DELAWARE | COM A SIRIUSXM | 0.18% | $1M | 23.2K |
| 39 | KRATON CORPORATION | COM | 0.16% | $1M | 40.1K |
| 40 | OLNOLIN CORP | COM PAR $1 | 0.15% | $949,000 | 55.0K |
| 41 | ADUNITED STATES CELLULAR CORP | COM | 0.06% | $362,000 | 10.0K |
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 ↗.