Sandler Capital Management 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Sandler Capital Management disclosed 119 US equity positions worth $272.1m in its Q3 2025 13F filing. The largest position was GLW at 5.1% of the reported book, followed by TKO and META. Against the Q2 2025 filing, it opened 13 new positions, added to 16 and reduced 21 among the top 50 holdings.
What did Sandler Capital Management own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | GLW CORNING INC | Technology | 5.1% | $13.7m | 167,621 | -6% | reduced |
| 2 | TKO TKO GROUP HOLDINGS INC | Communication Services | 4.5% | $12.4m | 61,176 | 52% | added |
| 3 | META META PLATFORMS INC | Communication Services | 3.8% | $10.4m | 14,120 | 51% | added |
| 4 | KEYS KEYSIGHT TECHNOLOGIES INC | Technology | 2.3% | $6.3m | 35,962 | 20% | added |
| 5 | HO1 HOLOGIC INC | 2.0% | $5.6m | 82,638 | -23% | reduced | |
| 6 | LITE LUMENTUM HLDGS INC | Technology | 2.0% | $5.5m | 33,994 | -32% | reduced |
| 7 | RTX RTX CORPORATION | Industrials | 1.8% | $4.9m | 29,414 | -2% | reduced |
| 8 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 1.7% | $4.6m | 16,332 | 112% | added |
| 9 | APH AMPHENOL CORP NEW | Technology | 1.7% | $4.5m | 36,508 | – | new |
| 10 | AAPL APPLE INC | Technology | 1.6% | $4.3m | 17,052 | – | new |
| 11 | TJX TJX COS INC NEW | Consumer Cyclical | 1.5% | $3.9m | 27,325 | 356% | added |
| 12 | CLH CLEAN HARBORS INC | Industrials | 1.4% | $3.8m | 16,540 | -3% | reduced |
| 13 | SNOW SNOWFLAKE INC | Technology | 1.4% | $3.8m | 16,998 | -1% | reduced |
| 14 | BX BLACKSTONE INC | Financial Services | 1.3% | $3.6m | 21,063 | 87% | added |
| 15 | CW CURTISS WRIGHT CORP | Industrials | 1.3% | $3.5m | 6,400 | -5% | reduced |
| 16 | VMI VALMONT INDS INC | Industrials | 1.3% | $3.5m | 8,936 | -57% | reduced |
| 17 | CBOE CBOE GLOBAL MKTS INC | Financial Services | 1.2% | $3.4m | 13,796 | 33% | added |
| 18 | MSGS MADISON SQUARE GRDN SPRT COR | Communication Services | 1.2% | $3.4m | 14,888 | -17% | reduced |
| 19 | DY DYCOM INDS INC | Industrials | 1.2% | $3.3m | 11,184 | – | new |
| 20 | TRMB TRIMBLE INC | Technology | 1.2% | $3.3m | 39,895 | -32% | reduced |
| 21 | AMZN AMAZON COM INC | Consumer Cyclical | 1.2% | $3.2m | 14,684 | -8% | reduced |
| 22 | BHP BHP GROUP LTD | Basic Materials | 1.2% | $3.2m | 57,068 | – | new |
| 23 | PLD PROLOGIS INC. | Real Estate | 1.2% | $3.1m | 27,389 | 18% | added |
| 24 | TDY TELEDYNE TECHNOLOGIES INC | Technology | 1.1% | $3.1m | 5,300 | -27% | reduced |
| 25 | SPOT SPOTIFY TECHNOLOGY S A | Communication Services | 1.1% | $3.1m | 4,407 | 21% | added |
| 26 | EGP EASTGROUP PPTYS INC | Real Estate | 1.1% | $3.0m | 17,816 | -18% | reduced |
| 27 | SPXC SPX TECHNOLOGIES INC | Industrials | 1.1% | $3.0m | 16,005 | 41% | added |
| 28 | GVA GRANITE CONSTR INC | Industrials | 1.1% | $2.9m | 26,750 | -48% | reduced |
| 29 | MLM MARTIN MARIETTA MATLS INC | Basic Materials | 1.1% | $2.9m | 4,644 | – | new |
| 30 | CRH CRH PLC | Basic Materials | 1.0% | $2.8m | 23,481 | 21% | added |
| 31 | CAT CATERPILLAR INC | Industrials | 1.0% | $2.8m | 5,835 | – | new |
| 32 | A AGILENT TECHNOLOGIES INC | Healthcare | 1.0% | $2.8m | 21,589 | 36% | added |
| 33 | SPHR SPHERE ENTERTAINMENT CO | Communication Services | 1.0% | $2.8m | 44,428 | -37% | reduced |
| 34 | GLD SPDR GOLD TR | 1.0% | $2.7m | 7,700 | – | new | |
| 35 | CCJ CAMECO CORP | Energy | 1.0% | $2.7m | 32,379 | -32% | reduced |
| 36 | SHOP SHOPIFY INC | Technology | 1.0% | $2.7m | 18,195 | -44% | reduced |
| 37 | MSFT MICROSOFT CORP | Technology | 1.0% | $2.7m | 5,206 | -14% | reduced |
| 38 | NFLX NETFLIX INC | Communication Services | 1.0% | $2.7m | 2,229 | 21% | added |
| 39 | NVT NVENT ELECTRIC PLC | Industrials | 1.0% | $2.6m | 26,512 | – | new |
| 40 | CBRE CBRE GROUP INC | Real Estate | 1.0% | $2.6m | 16,564 | 53% | added |
| 41 | HNGE HINGE HEALTH INC | Healthcare | 1.0% | $2.6m | 52,728 | 1% | added |
| 42 | GDX VANECK ETF TRUST | 0.9% | $2.6m | 33,700 | – | new | |
| 43 | SLV ISHARES SILVER TR | 0.9% | $2.5m | 59,000 | – | new | |
| 44 | HD HOME DEPOT INC | Consumer Cyclical | 0.9% | $2.5m | 6,104 | – | new |
| 45 | CYBERARK SOFTWARE LTD | 0.9% | $2.3m | 4,806 | -34% | reduced | |
| 46 | VRT VERTIV HOLDINGS CO | Industrials | 0.8% | $2.2m | 14,831 | -3% | reduced |
| 47 | HURN HURON CONSULTING GROUP INC | Industrials | 0.8% | $2.2m | 15,028 | – | new |
| 48 | AVGO BROADCOM INC | Technology | 0.8% | $2.1m | 6,474 | 662% | added |
| 49 | TLN TALEN ENERGY CORP | Utilities | 0.8% | $2.1m | 5,013 | -62% | reduced |
| 50 | MC MOELIS & CO | Financial Services | 0.7% | $2.0m | 28,120 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.