SEC 13F Intelligence

Managers / Q2 2020 · view latest →

Sandell Asset Management Corp.

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

Reported Value
$250M
Q2 2020
Positions
52
Filings on Record
8
2019–present window
Filed
Aug 14, 2020
original filing

Summary

Sandell Asset Management Corp. reported $250M in U.S.-listed holdings across 52 positions for Q2 2020.

Its largest position, DHR, represents 13.1% of the portfolio.

Compared with Q1 2020, the fund opened 11 new positions and exited 17.

Portfolio Metrics

Turnover
+31.3%
vs prior filed quarter
Top-10 Concentration
+45.2%
share of reported value
Largest Position
+13.1%
Danaher Corporation
New / Exited
11 / 17
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: 77.9%Other: 9.6%US DOMESTIC: 4.9%REIT: 2.9%ETP: 2.6%Other: 2.1%
  • Common Stock · 77.9% · $195M
  • Other · 9.6% · $24M
  • US DOMESTIC · 4.9% · $12M
  • REIT · 2.9% · $7M
  • ETP · 2.6% · $6M
  • Other · 2.1% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EAELECTRONIC ARTS INCNEW+100.0K100.0K+$13M$13M
XPERI HOLDING CORPNEW+750.5K750.5K+$11M$11M
ACTIVISION BLIZZARD INCNEW+100.0K100.0K+$8M$8M
TTWOTAKE-TWO INTERACTIVE SOFTWARNEW+50.0K50.0K+$7M$7M
GLDSPDR GOLD TRNEW+30.3K30.3K+$5M$5M
QGENQIAGEN NVNEW+95.0K95.0K+$4M$4M
NAVNAVISTAR INTL CORP NEWNEW+113.7K113.7K+$3M$3M
FITBIT INCNEW+375.0K375.0K+$2M$2M

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

Holdings — Q2 2020

41 positions
#IssuerClass% PortfolioValueShares
1DHRDANAHER CORPORATIONhistory →COM13.09%$33M185.0K
2AMZNAMAZON COM INChistory →COM5.26%$13M4.8K
3MSFTMICROSOFT CORPhistory →COM5.07%$13M62.3K
4AAPLAPPLE INChistory →COM4.86%$12M33.3K
5DISH NETWORK CORPORATIONNOTE 3.375% 8/13.70%$9M10.00M
6GOOGALPHABET INChistory →CAP STK CL C2.98%$7M5.3K
7METAFACEBOOK INChistory →CL A2.96%$7M32.6K
8XPERI HOLDING CORPCOM2.96%$7M500.5K
9DISDISNEY WALT COhistory →COM DISNEY2.25%$6M50.5K
10BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW2.10%$5M29.4K
11GLDSPDR GOLD TRhistory →GOLD SHS2.03%$5M30.3K
12MAXAR TECHNOLOGIES INCCOM2.01%$5M280.2K
13PYPLPAYPAL HLDGS INChistory →COM1.88%$5M26.9K
14KRATON CORPORATIONCOM1.82%$5M263.5K
15DELPHI TECHNOLOGIES PLSHS1.71%$4M300.0K
16LOGMEIN INCCOM1.70%$4M50.0K
17TCOTAUBMAN CTRS INChistory →COM1.66%$4M110.0K
18QGENQIAGEN NVhistory →SHS NEW1.63%$4M95.0K
19CAESARS ENTMT CORPCOM1.62%$4M334.7K
20OLNOLIN CORPhistory →COM PAR $11.61%$4M350.0K
21WRIGHT MED GROUP N VORD SHS1.61%$4M135.0K
22VODVODAFONE GROUP PLC NEWhistory →SPONSORED ADR1.59%$4M250.0K
23MANCHESTER UTD PLC NEWORD CL A1.58%$4M250.0K
24VVISA INChistory →COM CL A1.31%$3M16.9K
25MAMASTERCARD INCORPORATEDhistory →CL A1.30%$3M11.0K
26NAVNAVISTAR INTL CORP NEWhistory →COM1.28%$3M113.7K
27MERITOR INCNOTE 3.250%10/11.19%$3M3.00M
28VRTVERTIV HOLDINGS COhistory →COM CL A1.19%$3M220.0K
29FISFIDELITY NATL INFORMATION SVhistory →COM1.18%$3M22.0K
30GOGOGOGO INCCOM1.00%$2M789.7K
31FITBIT INCCL A0.97%$2M375.0K
32TGNATEGNA INCCOM0.89%$2M200.1K
33WHWYNDHAM HOTELS & RESORTS INCCOM0.84%$2M49.4K
34ADUNITED STATES CELLULAR CORPCOM0.67%$2M54.0K
35DANDANA INCORPORATEDCOM0.62%$2M127.9K
36PRIMO WATER CORPORATIONCOM0.54%$1M97.5K
37IDNAISHARES TRGENOMICS IMMUN0.53%$1M35.0K
38CHURCHILL CAP CORP IIIUNIT 03/01/20270.45%$1M100.0K
39DALDELTA AIR LINES INC DELCOM NEW0.39%$982,00035.0K
40LIBERTY MEDIA CORP DELCOM A SIRIUSXM · COM C SIRIUSXM0.35%$880,00025.5K
41BITAUTO HLDGS LTDSPONSORED ADS0.06%$157,0009.9K

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 ↗.