SEC 13F Intelligence

Managers / Q1 2020 · view latest →

Sandell Asset Management Corp.

CIK 0001140474 · 540 MADISON AVENUE, 36TH FLOOR, NEW YORK, NY, 10022 · 2126035700

Reported Value
$459M
Q1 2020
Positions
59
Filings on Record
8
2019–present window
Filed
May 15, 2020
original filing

Summary

Sandell Asset Management Corp. reported $459M in U.S.-listed holdings across 59 positions for Q1 2020.

Its largest position, Tiffany, represents 10.1% of the portfolio.

Compared with Q4 2019, the fund opened 21 new positions and exited 15.

Portfolio Metrics

Turnover
+35.6%
vs prior filed quarter
Top-10 Concentration
+60.6%
share of reported value
Largest Position
+10.1%
Tiffany
New / Exited
21 / 15
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, 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

13F Reported Value
Q4 ’18: $905MQ4 ’18Q1 ’19: $565MQ1 ’19Q2 ’19: $883MQ2 ’19Q3 ’19: $298MQ3 ’19Q4 ’19: $618MQ4 ’19Q1 ’20: $459MQ1 ’20Q2 ’20: $250MQ2 ’20Q3 ’20: $179MQ3 ’20filingsflow.com

Portfolio Composition

By security type
Common Stock: 77.8%Other: 12.8%REIT: 3.9%ETP: 2.8%US DOMESTIC: 1.9%Other: 0.7%
  • Common Stock · 77.8% · $357M
  • Other · 12.8% · $59M
  • REIT · 3.9% · $18M
  • ETP · 2.8% · $13M
  • US DOMESTIC · 1.9% · $9M
  • Other · 0.7% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TCOTAUBMAN CTRS INCNEW+425.0K425.0K+$18M$18M
AMTTD AMERITRADE HLDG CORPNEW+400.0K400.0K+$14M$14M
SPYSPDR S&P 500 ETF TRNEW+49.9K49.9K+$13M$13M
BRK/BBERKSHIRE HATHAWAY INC DELNEW+58.7K58.7K+$11M$11M
RA PHARMACEUTICALS INCNEW+200.0K200.0K+$10M$10M
ETRAE TRADE FINANCIAL CORPNEW+250.0K250.0K+$9M$9M
LMEURLEGG MASON INCNEW+175.0K175.0K+$9M$9M
LOGMEIN INCNEW+100.0K100.0K+$8M$8M

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

Holdings — Q1 2020

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TIFFANY & CO NEWCOM10.07%$46M357.0K
2ADSWADVANCED DISP SVCS INC DELhistory →COM9.29%$43M1.30M
3ALLERGAN PLCSHS9.06%$42M235.0K
4WABCO HLDGS INCCOM7.35%$34M250.0K
5CYEURCYPRESS SEMICONDUCTOR CORPhistory →COM5.64%$26M1.11M
6DHRDANAHER CORPORATIONhistory →COM4.89%$22M162.1K
7CAESARS ENTMT CORPCOM4.36%$20M2.96M
8TCOTAUBMAN CTRS INChistory →COM3.88%$18M425.0K
9TALLGRASS ENERGY LPCLASS A SHS3.05%$14M850.0K
10AMTTD AMERITRADE HLDG CORPhistory →COM3.02%$14M400.0K
11SPYSPDR S&P 500 ETF TRhistory →TR UNIT2.80%$13M49.9K
12BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW2.34%$11M58.7K
13RA PHARMACEUTICALS INCCOM2.09%$10M200.0K
14WRIGHT MED GROUP N VORD SHS2.09%$10M334.6K
15MSFTMICROSOFT CORPhistory →COM1.96%$9M57.2K
16ETRAE TRADE FINANCIAL CORPhistory →COM NEW1.87%$9M250.0K
17LMEURLEGG MASON INChistory →COM1.86%$9M175.0K
18AMZNAMAZON COM INChistory →COM1.85%$9M4.4K
19LOGMEIN INCCOM1.81%$8M100.0K
20TIVO CORPCOM1.70%$8M1.10M
21AAPLAPPLE INChistory →COM1.69%$8M30.5K
22DISH NETWORK CORPORATIONNOTE 3.375% 8/11.38%$6M8.00M
23GOOGALPHABET INChistory →CAP STK CL C1.23%$6M4.9K
24METAFACEBOOK INChistory →CL A1.09%$5M29.9K
25DISDISNEY WALT COhistory →COM DISNEY1.06%$5M50.5K
26MAXAR TECHNOLOGIES INCCOM0.77%$4M331.5K
27MANCHESTER UTD PLC NEWORD CL A0.73%$3M222.2K
28KRATON CORPORATIONCOM0.66%$3M373.8K
29VVISA INCCOM CL A0.59%$3M16.9K
30FISFIDELITY NATL INFORMATION SVCOM0.58%$3M22.0K
31MAMASTERCARD INCCL A0.58%$3M11.0K
32MERITOR INCNOTE 3.250%10/10.56%$3M3.00M
33PYPLPAYPAL HLDGS INCCOM0.56%$3M26.9K
34OLNOLIN CORPCOM PAR $10.55%$3M215.0K
35VODVODAFONE GROUP PLC NEWSPONSORED ADR0.52%$2M175.0K
36RACEFERRARI N VCOM0.50%$2M15.0K
37VRTVERTIV HOLDINGS COCOM CL A0.41%$2M220.0K
38DELPHI TECHNOLOGIES PLSHS0.35%$2M200.0K
39WHWYNDHAM HOTELS & RESORTS INCCOM0.34%$2M49.4K
40AVTRAVANTOR INCCOM0.33%$1M120.0K
41DALDELTA AIR LINES INC DELCOM NEW0.28%$1M45.0K
42DCHAMERICAN AXLE & MFG HLDGS INCOM0.27%$1M340.3K
43CHURCHILL CAP CORP IIIUNIT 03/01/20270.22%$1M100.0K
44DANDANA INCORPORATEDCOM0.21%$976,000125.0K
45GOGOGOGO INCCOM0.19%$883,000416.5K
46LIBERTY MEDIA CORP DELCOM A SIRIUSXM0.16%$735,00023.2K
47PRIMO WATER CORPORATIONCOM0.14%$635,00070.1K
48ADUNITED STATES CELLULAR CORPCOM0.13%$586,00020.0K
49URIUNITED RENTALS INCCOM0.11%$514,0005.0K
50TGNATEGNA INCCOM0.00%$1,000100

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2020$179M30Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$250M52Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$459M59May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$618M50Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$298M40Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$883M41Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$565M41May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$905M44Feb 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 ↗.