SANDLER CAPITAL MANAGEMENT

NEW YORK, NY · CIK 1000742 · 13F filing filed 2026-08-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entitySandler Capital Management (US)

Kindhedge funds, private equity, futures
Others nearbyNew York, NY
FamilySANDLER CAPITAL MANAGEMENT · 2 related pages

$169.3m reported value +15.0% vs Q1 2026

112positions

23.6%in top 10

46 new 21 added 44 reduced 34 sold out vs Q1 2026

Options: 3 call positions ($7.1m notional), 11 put positions ($25.0m notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	KEYSIGHT TECHNOLOGIES INC COM KEYS	KEYS	24,752	$8.7m5.12%	5.12%	Reduced -8.3k	-8,325 -25.2%
2	MADISON SQUARE GRDN SPRT COR CL A MSGS	MSGS	11,297	$4.5m2.68%	2.68%	Reduced -5.0k	-5,028 -30.8%
3	EASTGROUP PPTYS INC COM EGP	EGP	20,906	$4.2m2.50%	2.50%	Reduced -4.8k	-4,817 -18.7%
4	MSC INDL DIRECT INC CL A MSM	MSM	32,085	$3.8m2.25%	2.25%	New
5	PROLOGIS INC. COM PLD	PLD	27,249	$3.7m2.18%	2.18%	Reduced -6.1k	-6,127 -18.4%
6	HINGE HEALTH INC CL A HNGE	HNGE	39,673	$3.3m1.94%	1.94%	Added +8.3k	+8,332 26.6%
7	MADISON SQUARE GARDEN ENTMT COM CL A MSGE	MSGE	37,839	$3.1m1.81%	1.81%	Reduced -33.9k	-33,857 -47.2%
8	AMETEK INC COM AME	AME	12,553	$3.0m1.79%	1.79%	Added +2.3k	+2,295 22.4%
9	LIBERTY MEDIA CORP DEL COM LBTY ONE S C FWONK	FWONK	29,692	$2.8m1.67%	1.67%	New
10	TKO GROUP HOLDINGS INC CL A TKO	TKO	13,996	$2.8m1.66%	1.66%	Reduced -18.4k	-18,423 -56.8%
11	MARRIOTT INTL INC NEW CL A MAR	MAR	7,542	$2.8m1.65%	1.65%	New
12	SENSIENT TECHNOLOGIES CORP COM SXT	SXT	22,588	$2.8m1.64%	1.64%	Added +11.6k	+11,583 105.2%
13	STARBUCKS CORP COM SBUX	SBUX	27,018	$2.8m1.63%	1.63%	Added +14.7k	+14,718 119.7%
14	LIVE NATION ENTERTAINMENT IN COM LYV	LYV	15,068	$2.8m1.63%	1.63%	Reduced -638	-638 -4.1%
15	QUEST DIAGNOSTICS INC COM DGX	DGX	12,889	$2.7m1.61%	1.61%	Reduced -2.1k	-2,066 -13.8%
16	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	17,034	$2.7m1.60%	1.60%	Added +9.9k	+9,900 138.8%
17	CLEAN HARBORS INC COM CLH	CLH	8,985	$2.7m1.59%	1.59%	Reduced -2.0k	-2,042 -18.5%
18	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	5,589	$2.7m1.58%	1.58%	Reduced -4.8k	-4,768 -46.0%
19	PLEXUS CORP COM PLXS	PLXS	8,832	$2.7m1.57%	1.57%	New
20	APPLIED MATLS INC COM AMAT	AMAT	3,472	$2.5m1.48%	1.48%	New
21	FORESTAR GROUP INC COM FOR	FOR	79,222	$2.5m1.48%	1.48%	Reduced -31.7k	-31,743 -28.6%
22	RPM INTL INC COM RPM	RPM	22,270	$2.5m1.46%	1.46%	New
23	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	5,281	$2.4m1.43%	1.43%	New
24	EBAY INC. COM EBAY	EBAY	20,710	$2.3m1.37%	1.37%	Added +8.6k	+8,567 70.5%
25	AMAZON COM INC COM AMZN	AMZN	9,667	$2.3m1.36%	1.36%	Added +2.0k	+1,960 25.4%
26	RTX CORPORATION COM RTX	RTX	12,031	$2.3m1.35%	1.35%	Added +2.3k	+2,307 23.7%
27	HILTON WORLDWIDE HLDGS INC COM HLT	HLT	6,405	$2.1m1.25%	1.25%	New
28	LEVI STRAUSS & CO NEW CL A COM STK LEVI	LEVI	79,860	$2.0m1.17%	1.17%	New
29	TELEDYNE TECHNOLOGIES INC COM TDY	TDY	2,941	$2.0m1.16%	1.16%	Reduced -462	-462 -13.6%
30	ROCKWELL AUTOMATION INC COM ROK	ROK	3,914	$1.9m1.14%	1.14%	Added +1.9k	+1,941 98.4%
31	RBC BEARINGS INC COM RBC	RBC	3,004	$1.9m1.14%	1.14%	Added +597	+597 24.8%
32	EQUINIX INC COM EQIX	EQIX	1,774	$1.8m1.09%	1.09%	Added +314	+314 21.5%
33	APPLIED INDL TECHNOLOGIES IN COM AIT	AIT	5,232	$1.8m1.04%	1.04%	New
34	CSX CORP COM CSX	CSX	36,259	$1.7m1.02%	1.02%	Added +11.3k	+11,252 45.0%
35	WOODWARD INC COM WWD	WWD	3,810	$1.6m0.96%	0.96%	Reduced -812	-812 -17.6%
36	ANALOG DEVICES INC COM ADI	ADI	4,069	$1.6m0.95%	0.95%	Reduced -3.3k	-3,269 -44.5%
37	GUARDANT HEALTH INC COM GH	GH	10,580	$1.6m0.94%	0.94%	New
38	IDEX CORP COM IEX	IEX	6,941	$1.6m0.93%	0.93%	New
39	AVERY DENNISON CORP COM AVY	AVY	9,682	$1.6m0.93%	0.93%	New
40	REVOLUTION MEDICINES INC COM RVMD	RVMD	8,328	$1.6m0.92%	0.92%	New
41	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	4,008	$1.5m0.89%	0.89%	New
42	MASCO CORP COM MAS	MAS	18,125	$1.5m0.87%	0.87%	New
43	BLOOM ENERGY CORP COM CL A BE	BE	4,869	$1.5m0.87%	0.87%	Added +1.8k	+1,806 59.0%
44	STMICROELECTRONICS N V NY REGISTRY STM	STM	19,539	$1.5m0.86%	0.86%	New
45	TALEN ENERGY CORP COM TLN	TLN	3,775	$1.5m0.86%	0.86%	Added +2.0k	+2,015 114.5%
46	SPHERE ENTERTAINMENT CO CL A SPHR	SPHR	8,339	$1.4m0.85%	0.85%	Reduced -1.5k	-1,483 -15.1%
47	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	4,858	$1.4m0.83%	0.83%	Reduced -1.7k	-1,746 -26.4%
48	CAVA GROUP INC COM CAVA	CAVA	17,874	$1.4m0.83%	0.83%	Added +8.7k	+8,724 95.3%
49	INVESCO EXCHANGE TRADED FD T S&P500 EQL HLT RSPH	RSPH	41,000	$1.4m0.80%	0.80%	New
50	RALPH LAUREN CORP CL A RL	RL	3,389	$1.4m0.80%	0.80%	Reduced -4.8k	-4,779 -58.5%
51	QNITY ELECTRONICS INC COMMON STOCK Q	Q	8,316	$1.4m0.80%	0.80%	New
52	TOLL BROTHERS INC COM TOL	TOL	8,172	$1.3m0.80%	0.80%	New
53	AGILENT TECHNOLOGIES INC COM A	A	9,986	$1.3m0.78%	0.78%	Reduced -907	-907 -8.3%
54	MACOM TECH SOLUTIONS HLDGS I COM MTSI	MTSI	3,447	$1.3m0.77%	0.77%	Reduced -3.4k	-3,410 -49.7%
55	COGNEX CORP COM CGNX	CGNX	17,340	$1.3m0.74%	0.74%	New
56	DYCOM INDS INC COM DY	DY	2,466	$1.2m0.74%	0.74%	Added +467	+467 23.4%
57	TERADYNE INC COM TER	TER	2,545	$1.2m0.73%	0.73%	Reduced -3.0k	-2,978 -53.9%
58	AMPHENOL CORP CL A APH	APH	6,972	$1.2m0.73%	0.73%	Reduced -128	-128 -1.8%
59	ELI LILLY & CO COM LLY	LLY	1,012	$1.2m0.72%	0.72%	Reduced -1.2k	-1,159 -53.4%
60	HOME DEPOT INC COM HD	HD	3,384	$1.2m0.70%	0.70%	Reduced -2.2k	-2,225 -39.7%
61	ARCHROCK INC COM AROC	AROC	28,663	$1.2m0.69%	0.69%	New
62	DELL TECHNOLOGIES INC CL C DELL	DELL	2,703	$1.2m0.69%	0.69%	New
63	BHP GROUP LTD SPONSORED ADS BHP	BHP	13,910	$1.2m0.68%	0.68%	Added +2.1k	+2,100 17.8%
64	HUBBELL INC COM HUBB	HUBB	2,161	$1.1m0.67%	0.67%	Reduced -2.2k	-2,187 -50.3%
65	CUSTOM TRUCK ONE SOURCE INC COM CL A CTOS	CTOS	87,077	$1.0m0.61%	0.61%	Reduced -36.2k	-36,204 -29.4%
66	LAM RESEARCH CORP COM NEW LRCX	LRCX	2,349	$1.0m0.60%	0.60%	New
67	INVESCO LTD SHS IVZ	IVZ	37,987	$1.0m0.59%	0.59%	New
68	RELIANCE INC COM RS	RS	2,608	$974.3k0.58%	0.58%	New
69	ISHARES TR U.S. REAL ES ETF IYR	IYR	9,300	$950.9k0.56%	0.56%	New
70	VERISIGN INC COM VRSN	VRSN	3,732	$938.8k0.55%	0.55%	New
71	LINDE PLC SHS LIN	LIN	1,757	$911.8k0.54%	0.54%	Reduced -1.1k	-1,093 -38.4%
72	CANTOR EQUITY PARTNERS II IN CL A ORD SHS CL A ORD SHS		67,000	$899.1k0.53%	0.53%	Reduced -54.0k	-54,000 -44.6%
73	AMERICAN EXPRESS CO COM AXP	AXP	2,588	$875.4k0.52%	0.52%	New
74	VIAVI SOLUTIONS INC COM VIAV	VIAV	17,824	$851.1k0.50%	0.50%	Reduced -5.7k	-5,701 -24.2%
75	CORNING INC COM GLW	GLW	3,299	$842.7k0.50%	0.50%	Reduced -16.7k	-16,671 -83.5%
76	ALPHABET INC CAP STK CL C GOOG	GOOG	2,384	$842.3k0.50%	0.50%	Added +287	+287 13.7%
77	CAMECO CORP COM CCJ	CCJ	8,218	$837.1k0.49%	0.49%	New
78	MARVELL TECHNOLOGY INC COM MRVL	MRVL	2,800	$834.1k0.49%	0.49%	Reduced -2.4k	-2,399 -46.1%
79	EATON CORP PLC SHS ETN	ETN	1,905	$811.8k0.48%	0.48%	Reduced -248	-248 -11.5%
80	TRIMBLE INC COM TRMB	TRMB	15,802	$808.7k0.48%	0.48%	Reduced -10.0k	-9,954 -38.6%
81	NOKIA CORP SPONSORED ADR NOK	NOK	60,362	$801.6k0.47%	0.47%	Reduced -120.1k	-120,056 -66.5%
82	MP MATERIALS CORP COM CL A MP	MP	14,192	$794.9k0.47%	0.47%	New
83	NVENT ELECTRIC PLC SHS NVT	NVT	4,626	$784.6k0.46%	0.46%	Reduced -4.9k	-4,927 -51.6%
84	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	390	$775.9k0.46%	0.46%	New
85	VERTIV HOLDINGS CO COM CL A VRT	VRT	2,273	$761.0k0.45%	0.45%	New
86	GE AEROSPACE COM NEW GE	GE	2,034	$760.2k0.45%	0.45%	Reduced -1.8k	-1,766 -46.5%
87	DANAHER CORPORATION COM DHR	DHR	3,717	$708.0k0.42%	0.42%	Reduced -8.5k	-8,533 -69.7%
88	NORDSON CORP COM NDSN	NDSN	2,346	$707.8k0.42%	0.42%	New
89	NEBIUS GROUP N.V. SHS CLASS A NBIS	NBIS	2,528	$698.2k0.41%	0.41%	New
90	AXON ENTERPRISE INC COM AXON	AXON	1,240	$695.2k0.41%	0.41%	Added +510	+510 69.9%
91	CBOE GLOBAL MKTS INC COM CBOE	CBOE	2,594	$629.5k0.37%	0.37%	Reduced -1.6k	-1,594 -38.1%
92	INFLEQTION INC COM SHS INFQ	INFQ	46,974	$625.7k0.37%	0.37%	Reduced -13.8k	-13,818 -22.7%
93	COMMERCIAL METALS CO COM CMC	CMC	9,606	$602.8k0.36%	0.36%	New
94	MICRON TECHNOLOGY INC COM MU	MU	520	$600.2k0.35%	0.35%	New
95	HYATT HOTELS CORP COM CL A H	H	2,800	$542.8k0.32%	0.32%	New
96	CURTISS WRIGHT CORP COM CW	CW	687	$520.6k0.31%	0.31%	Reduced -775	-775 -53.0%
97	CIENA CORP COM NEW CIEN	CIEN	962	$471.9k0.28%	0.28%	New
98	COHERENT CORP COM COHR	COHR	1,171	$461.9k0.27%	0.27%	Reduced -2.5k	-2,480 -67.9%
99	KARMAN HLDGS INC COMMON STOCK KRMN	KRMN	9,200	$459.3k0.27%	0.27%	Added +750	+750 8.9%
100	AERCAP HOLDINGS NV SHS AER	AER	3,063	$446.5k0.26%	0.26%	Reduced -2.0k	-1,992 -39.4%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		4,175	$1.9m4.2k shares
WABTEC WAB	WAB	7,411	$1.9m7.4k shares
BOEING CO BA	BA	8,500	$1.7m8.5k shares
FEDEX CORP FDX	FDX	4,700	$1.7m4.7k shares
LOCKHEED MARTIN CORP LMT	LMT	2,765	$1.7m2.8k shares
FLEX LTD FLEX	FLEX	25,358	$1.7m25.4k shares
CLOUDFLARE INC NET	NET	5,954	$1.2m6.0k shares
STEEL DYNAMICS INC STLD	STLD	6,508	$1.2m6.5k shares
IDEXX LABS INC IDXX	IDXX	1,965	$1.1m2.0k shares
SHOPIFY INC SHOP	SHOP	9,188	$1.1m9.2k shares
AMRIZE LTD AMRZ	AMRZ	18,806	$1.1m18.8k shares
MOODYS CORP MCO	MCO	2,382	$1.0m2.4k shares
AEHR TEST SYS AEHR	AEHR	27,807	$1.0m27.8k shares
COSTCO WHSL CORP NEW COST	COST	982	$978.5k982 shares
BIO-TECHNE CORP TECH	TECH	17,936	$937.3k17.9k shares
VERALTO CORP VLTO	VLTO	9,947	$879.5k9.9k shares
HERSHEY CO HSY	HSY	4,168	$866.5k4.2k shares
CRH PLC CRH	CRH	8,192	$861.1k8.2k shares
SPX TECHNOLOGIES INC SPXC	SPXC	4,295	$858.7k4.3k shares
VALMONT INDS INC VMI	VMI	2,144	$856.7k2.1k shares
ADVANCED ENERGY INDS AEIS	AEIS	2,500	$806.8k2.5k shares
ADVANCED MICRO DEVICES INC AMD	AMD	3,950	$803.5k4.0k shares
TOWER SEMICONDUCTOR LTD TSEM	TSEM	4,100	$719.5k4.1k shares
CATERPILLAR INC CAT	CAT	965	$683.7k965 shares
DECKERS OUTDOOR CORP DECK	DECK	6,673	$667.9k6.7k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
ROKU INC ROKU · Put	ROKU	Put	46,600	$6.4m46.6k shares	New
CEREBRAS SYSTEMS INC CBRS · Put	CBRS	Put	20,000	$4.4m20.0k shares	New
BLOOM ENERGY CORP BE · Call	BE	Call	13,300	$4.0m13.3k shares	New
ORACLE CORP ORCL · Put	ORCL	Put	23,600	$3.5m23.6k shares	Added
UPSTART HLDGS INC UPST · Put	UPST	Put	61,900	$2.2m61.9k shares	Added
CHIME FINL INC CHYM · Put	CHYM	Put	106,000	$2.2m106.0k shares	Added
COMMERCIAL METALS CO CMC · Call	CMC	Call	26,100	$1.6m26.1k shares	New
LIONSGATE STUDIOS CORP LION · Call	LION	Call	94,400	$1.4m94.4k shares	Reduced
LEMONADE INC LMND · Put	LMND	Put	22,200	$1.4m22.2k shares	New
SHAKE SHACK INC SHAK · Put	SHAK	Put	23,600	$1.3m23.6k shares	New
COINBASE GLOBAL INC COIN · Put	COIN	Put	8,900	$1.3m8.9k shares	New
TELEFONAKTIEBOLAGET LM ERICS ERIC · Put	ERIC	Put	100,000	$1.1m100.0k shares	New
ROBERT HALF INC. RHI · Put	RHI	Put	18,900	$580.2k18.9k shares	New
GOODYEAR TIRE & RUBR CO GT · Put	GT	Put	86,900	$573.5k86.9k shares	New