SANDLER CAPITAL MANAGEMENT

Q1 2026 13F-HR Holdings

Location
New York, NY
Holdings as of
3/31/2026
Date filed
5/15/2026
Form type
13F-HR
Num holdings
120
Total value ($000)
$193,143
Net value change ($000)
-112,151 (-36.7%)
New positions
39
Sold out positions
47
Turnover %
79.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/17/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
CLH 3,162 NEW
DGX 2,931 NEW
ADI 2,335 NEW
AME 2,199 NEW
WAB 1,852 NEW
HD 1,845 NEW
BA 1,692 NEW
FDX 1,674 NEW
LMT 1,671 NEW
FLEX 1,660 NEW
Top Reduces (Value $000, Stocks/ETFs)
GLW -7,183 -72.6%
HOLX -5,130 -100.0%
TE CONNECTIVITY PLC -3,808 -100.0%
GOOGL -3,775 -86.2%
RTX -3,736 -66.6%
FWONA -3,353 -100.0%
CCJ -3,311 -100.0%
APH -3,167 -77.9%
TKO -2,968 -31.2%
MRK -2,937 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 45,944 (23.8% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type