Latest SANDLER CAPITAL MANAGEMENT Stock Portfolio

SANDLER CAPITAL MANAGEMENT Performance:

2025 Q4: 3.57%YTD: 19.61%2024: 16.71%

Performance for 2025 Q4 is 3.57%, and YTD is 19.61%, and 2024 is 16.71%.

About SANDLER CAPITAL MANAGEMENT and 13F Hedge Fund Stock Holdings

On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, SANDLER CAPITAL MANAGEMENT reported an equity portfolio of $305.3 Millions as of 31 Dec, 2025.

The top stock holdings of SANDLER CAPITAL MANAGEMENT are KEYS, GLW, . The fund has invested 3.3% of it's portfolio in KEYSIGHT TECHNOLOGIES INC and 3.2% of portfolio in CORNING INC.

The fund managers got completely rid off LUMENTUM HLDGS INC (LITE), TJX COS INC NEW (TJX) and CLEAN HARBORS INC (CLH) stocks. They significantly reduced their stock positions in META PLATFORMS INC (META), MIRION TECHNOLOGIES INC (MIR) and NETFLIX INC (NFLX). SANDLER CAPITAL MANAGEMENT opened new stock positions in TE CONNECTIVITY PLC, HONEYWELL INTL INC (HON) and MERCK & CO INC (MRK). The fund showed a lot of confidence in some stocks as they added substantially to GENERAL DYNAMICS CORP (GD), DANAHER CORPORATION (DHR) and LIBERTY MEDIA CORP DEL (BATRA).

SANDLER CAPITAL MANAGEMENT Annual Return Estimates Vs S&P 500

Our best estimate is that SANDLER CAPITAL MANAGEMENT made a return of 3.57% in the last quarter. In trailing 12 months, it's portfolio return was 19.61%.

Performance
S&P 500

New Buys

Ticker	$ Bought
te connectivity plc	3,807,840
honeywell intl inc	3,053,160
merck & co inc	2,936,750
avery dennison corp	2,582,700
bank america corp	2,566,520
ralph lauren corp	2,477,390
spdr series trust	2,328,420
blackrock inc	1,926,610

New stocks bought by SANDLER CAPITAL MANAGEMENT

Additions

Ticker	% Inc.
general dynamics corp	222
danaher corporation	173
liberty media corp del	162
alphabet inc	144
ulta beauty inc	117
forestar group inc	111
sensient technologies corp	108
madison square garden entmt	104

Additions to existing portfolio by SANDLER CAPITAL MANAGEMENT

Reductions

Ticker	% Reduced
meta platforms inc	-87.96
mirion technologies inc	-80.15
netflix inc	-76.58
caterpillar inc	-75.36
curtiss wright corp	-70.53
huron consulting group inc	-68.88
shopify inc	-65.77
northrop grumman corp	-63.15

SANDLER CAPITAL MANAGEMENT reduced stake in above stock

Sold off

Ticker	$ Sold
certara inc	-790,292
archrock inc	-1,609,220
ishares silver tr	-2,499,830
pan amern silver corp	-1,691,760
warner bros discovery inc	-815,260
lumentum hldgs inc	-5,531,160
vaneck etf trust	-2,574,680
tjx cos inc new	-3,949,560

SANDLER CAPITAL MANAGEMENT got rid off the above stocks

Sector Distribution

SANDLER CAPITAL MANAGEMENT has about 22.7% of it's holdings in Others sector.

Sector	%
Others	22.7
Technology	22
Industrials	16.1
Consumer Cyclical	10.1
Healthcare	9.3
Real Estate	6.7
Communication Services	6.3
Basic Materials	3.1
Financial Services	1.5

Market Cap. Distribution

SANDLER CAPITAL MANAGEMENT has about 60.9% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	46.8
UNALLOCATED	23.8
MEGA-CAP	14.1
MID-CAP	12.3
SMALL-CAP	3

Stocks belong to which Index?

About 65.6% of the stocks held by SANDLER CAPITAL MANAGEMENT either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	51.9
Others	34.4
RUSSELL 2000	13.7

Top 5 Winners (%)		%
COHR	coherent corp	53.3 %
MSGE	sphere entertainment co	44.7 %
PL	planet labs pbc	39.3 %
LLY	eli lilly & co	38.1 %
GOOG	alphabet inc	18.7 %

Top 5 Winners ($)		$
MSGE	sphere entertainment co	1.2 M
KEYS	keysight technologies inc	1.2 M
GLW	corning inc	0.8 M
GOOG	alphabet inc	0.7 M
LLY	eli lilly & co	0.6 M

Top 5 Losers (%)		%
LEU	centrus energy corp	-21.7 %
AXON	axon enterprise inc	-19.8 %
VST	vistra corp	-15.1 %
NFLX	netflix inc	-13.4 %
ETN	eaton corp plc	-12.9 %

Top 5 Losers ($)		$
META	meta platforms inc	-0.6 M
AXON	axon enterprise inc	-0.4 M
TDY	teledyne technologies inc	-0.4 M
NFLX	netflix inc	-0.4 M
	talen energy corp	-0.3 M

SANDLER CAPITAL MANAGEMENT Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of SANDLER CAPITAL MANAGEMENT

SANDLER CAPITAL MANAGEMENT has 108 stocks in it's portfolio. About 21.4% of the portfolio is in top 10 stocks. META proved to be the most loss making stock for the portfolio. MSGE was the most profitable stock for SANDLER CAPITAL MANAGEMENT last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
A	agilent technologies inc	0.81	18,113	2,464,640	reduced	-16.1

AAPL	apple inc	0.67	7,554	2,053,630	reduced	-55.7

ABNB	airbnb inc	0.42	9,397	1,275,360	added	82.64

ACM	aecom	0.00	0.00	0.00	sold off	-100

AEIS	advanced energy inds	0.00	0.00	0.00	sold off	-100

AER	aercap holdings nv	0.34	7,270	1,045,140	reduced	-50.8

AFK	vaneck etf trust	0.00	0.00	0.00	sold off	-100

AIT	applied indl technologies in	0.00	0.00	0.00	sold off	-100

AMAT	applied matls inc	0.29	3,426	880,448	new

AMZN	amazon com inc	0.97	12,838	2,963,270	reduced	-12.57

APH	amphenol corp new	1.33	30,071	4,063,800	reduced	-17.63

AROC	archrock inc	0.00	0.00	0.00	sold off	-100

ATRO	astronics corp	0.34	19,094	1,035,660	new

AVGO	broadcom inc	0.00	0.00	0.00	sold off	-100

AVY	avery dennison corp	0.85	14,200	2,582,700	new

AXON	axon enterprise inc	0.54	2,930	1,664,040	added	13.87

BABA	alibaba group hldg ltd	0.00	0.00	0.00	sold off	-100

BAC	bank america corp	0.84	46,664	2,566,520	new

BATRA	liberty media corp del	1.10	34,036	3,352,890	added	162

BHP	bhp group ltd	0.92	46,732	2,821,210	reduced	-18.11