AI Portfolio Summary
In 2025 Q4, SANDLER CAPITAL MANAGEMENT maintained a portfolio of 201 distinct positions. The most significant new addition to the portfolio was TAIWAN SEMICONDUCTOR, which now represents 2.49% of the total fund value. They heavily accumulated shares in KEYSIGHT TECHNOLOGIE, increasing their position by 37.8%. The fund also reduced its exposure to CORNING INC by 32.6%.
Total Positions
201
Quarter
2025 Q4
Top Holding
KEYS (3.3%)
Top 10 Concentration
23.2%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 201
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
KEYS
KEYSIGHT TECHNO...
|
Technology | 3.30% | 1.85% |
#1
5
Prev: #6
|
5.8 | 13,609 | 37.8% |
P
S
|
49,571 | $10,072,331 | 2018 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GLW
CORNING INC
|
Technology | 3.24% | 4.04% |
#2
1
Prev: #1
|
2.8 | -54,583 | -32.6% |
P
S
|
113,038 | $9,897,607 | 2003 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TKO
TKO GROUP HOLDI...
|
Communication Services | 3.11% | 3.63% |
#3
1
Prev: #2
|
2.2 | -15,698 | -25.7% |
P
S
|
45,478 | $9,504,902 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TSM
PUT
TAIWAN SEMICOND...
|
PUT Option | 2.49% | — |
#4
Prev: #—
|
5.0 | 25,000 | no change |
NEW
|
25,000 | $7,597,250 | 2001 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GLW
PUT
CORNING INC
|
PUT Option | 2.15% | — |
#5
Prev: #—
|
4.9 | 75,000 | no change |
NEW
|
75,000 | $6,567,000 | 2003 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PLD
PROLOGIS INC.
|
Real Estate | 1.92% | 0.92% |
#6
24
Prev: #30
|
3.8 | 18,474 | 67.5% |
P
S
|
45,863 | $5,854,871 | 2020 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RTX
RTX CORPORATION
|
Industrials | 1.84% | 1.45% |
#7
3
Prev: #10
|
1.2 | 1,186 | 4.0% |
P
S
|
30,600 | $5,612,040 | 2023 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TSM
TAIWAN SEMICOND...
|
Technology | 1.77% | 1.34% |
#8
3
Prev: #11
|
2.7 | 1,405 | 8.6% |
P
S
|
17,737 | $5,390,097 | 2001 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
C
PUT
CITIGROUP INC
|
PUT Option | 1.72% | — |
#9
Prev: #—
|
4.2 | 45,000 | no change |
NEW
|
45,000 | $5,251,050 | 2002 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HOLX
HOLOGIC INC
|
Healthcare | 1.68% | 1.64% |
#10
2
Prev: #8
|
1.2 | -13,774 | -16.7% |
P
S
|
68,864 | $5,129,679 | 2015 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MSGS
MADISON SQUARE ...
|
Communication Services | 1.68% | 0.99% |
#11
13
Prev: #24
|
3.2 | 4,898 | 32.9% |
P
S
|
19,786 | $5,117,649 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AVY
CALL
AVERY DENNISON ...
|
CALL Option | 1.44% | — |
#12
Prev: #—
|
4.1 | 24,200 | no change |
NEW
|
24,200 | $4,401,496 | 2004 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GOOG
ALPHABET INC
|
Communication Services | 1.43% | 0.41% |
#13
78
Prev: #91
|
3.6 | 8,249 | 144.7% |
P
S
|
13,948 | $4,376,882 | 2004 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EGP
EASTGROUP PPTYS...
|
Real Estate | 1.41% | 0.89% |
#14
19
Prev: #33
|
3.1 | 6,359 | 35.7% |
P
S
|
24,175 | $4,306,535 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AAPL
CALL
APPLE INC
|
CALL Option | 1.34% | — |
#15
Prev: #—
|
4.0 | 15,000 | no change |
NEW
|
15,000 | $4,077,900 | 2002 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
APH
AMPHENOL CORP N...
|
Technology | 1.33% | 1.33% |
#16
4
Prev: #12
|
1.0 | -6,437 | -17.6% |
P
S
|
30,071 | $4,063,795 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TEL
TE CONNECTIVITY...
|
Technology | 1.25% | — |
#17
Prev: #—
|
4.0 | 16,737 | no change |
NEW
|
16,737 | $3,807,835 | 2013 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LYV
PUT
LIVE NATION ENT...
|
PUT Option | 1.24% | — |
#18
Prev: #—
|
4.0 | 26,500 | no change |
NEW
|
26,500 | $3,776,250 | 2010 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NVDA
CALL
NVIDIA CORPORAT...
|
CALL Option | 1.22% | — |
#19
Prev: #—
|
4.0 | 20,000 | no change |
NEW
|
20,000 | $3,730,000 | 2004 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MS
PUT
MORGAN STANLEY
|
PUT Option | 1.13% | — |
#20
Prev: #—
|
4.0 | 19,400 | no change |
NEW
|
19,400 | $3,444,082 | 2009 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
COIN
PUT
COINBASE GLOBAL...
|
PUT Option | 1.11% | — |
#21
Prev: #—
|
3.9 | 15,000 | no change |
NEW
|
15,000 | $3,392,100 | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FWONK
LIBERTY MEDIA C...
|
Communication Services | 1.10% | 0.40% |
#22
71
Prev: #93
|
3.4 | 21,070 | 162.5% |
P
S
|
34,036 | $3,352,886 | 2023 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CCJ
CAMECO CORP
|
Energy | 1.08% | 0.80% |
#23
20
Prev: #43
|
2.4 | 3,806 | 11.8% |
P
S
|
36,185 | $3,310,566 | 2005 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DHR
DANAHER CORPORA...
|
Healthcare | 1.07% | 0.30% |
#24
94
Prev: #118
|
3.4 | 9,080 | 173.9% |
P
S
|
14,300 | $3,273,556 | 2013 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MSGE
MADISON SQUARE ...
|
Consumer Cyclical | 1.05% | 0.39% |
#25
70
Prev: #95
|
3.4 | 30,468 | 104.1% |
P
S
|
59,748 | $3,219,820 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
INFY
CALL
INFOSYS LTD
|
CALL Option | 1.05% | — |
#26
Prev: #—
|
3.9 | 180,000 | no change |
NEW
|
180,000 | $3,207,600 | 2016 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HON
HONEYWELL INTL ...
|
Industrials | 1.00% | — |
#27
Prev: #—
|
3.9 | 15,650 | no change |
NEW
|
15,650 | $3,053,159 | 2001 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 0.97% | 0.95% |
#28
Prev: #28
|
0.9 | -1,846 | -12.6% |
P
S
|
12,838 | $2,963,267 | 2006 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MRK
MERCK & CO INC
|
Healthcare | 0.96% | — |
#29
Prev: #—
|
3.9 | 27,900 | no change |
NEW
|
27,900 | $2,936,754 | 2018 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SPHR
SPHERE ENTERTAI...
|
Communication Services | 0.95% | 0.81% |
#30
11
Prev: #41
|
0.4 | -14,051 | -31.6% |
P
S
|
30,377 | $2,888,245 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DY
DYCOM INDS INC
|
Industrials | 0.93% | 0.96% |
#31
6
Prev: #25
|
0.4 | -2,779 | -24.8% |
P
S
|
8,405 | $2,840,050 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BHP
BHP GROUP LTD
|
Basic Materials | 0.92% | 0.93% |
#32
3
Prev: #29
|
0.9 | -10,336 | -18.1% |
P
S
|
46,732 | $2,821,211 | 2004 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CZR
PUT
CAESARS ENTERTA...
|
PUT Option | 0.92% | 0.31% |
#33
82
Prev: #115
|
3.4 | 81,000 | 207.7% |
P
S
|
120,000 | $2,806,800 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UAL
CALL
UNITED AIRLS HL...
|
CALL Option | 0.89% | 0.41% |
#34
56
Prev: #90
|
3.4 | 9,700 | 66.9% |
P
S
|
24,200 | $2,706,044 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
APH
CALL
AMPHENOL CORP N...
|
CALL Option | 0.89% | — |
#35
Prev: #—
|
3.9 | 20,000 | no change |
NEW
|
20,000 | $2,702,800 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CRH
CRH PLC
|
Basic Materials | 0.87% | 0.83% |
#36
2
Prev: #38
|
0.8 | -2,235 | -9.5% |
P
S
|
21,246 | $2,651,501 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FOR
FORESTAR GROUP ...
|
Real Estate | 0.85% | 0.39% |
#37
59
Prev: #96
|
3.3 | 55,589 | 111.7% |
P
S
|
105,354 | $2,594,869 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AVY
AVERY DENNISON ...
|
Consumer Cyclical | 0.85% | — |
#38
Prev: #—
|
3.8 | 14,200 | no change |
NEW
|
14,200 | $2,582,696 | 2004 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SYY
PUT
SYSCO CORP
|
PUT Option | 0.84% | — |
#39
Prev: #—
|
3.8 | 35,000 | no change |
NEW
|
35,000 | $2,579,150 | 2003 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BAC
BANK AMERICA CO...
|
Financial Services | 0.84% | — |
#40
Prev: #—
|
3.8 | 46,664 | no change |
NEW
|
46,664 | $2,566,520 | 2001 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RL
RALPH LAUREN CO...
|
Consumer Cyclical | 0.81% | — |
#41
Prev: #—
|
3.8 | 7,006 | no change |
NEW
|
7,006 | $2,477,392 | 2002 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TDY
TELEDYNE TECHNO...
|
Technology | 0.81% | 0.91% |
#42
11
Prev: #31
|
0.8 | -452 | -8.5% |
P
S
|
4,848 | $2,476,019 | 2016 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
A
AGILENT TECHNOL...
|
Healthcare | 0.81% | 0.81% |
#43
3
Prev: #40
|
0.8 | -3,476 | -16.1% |
P
S
|
18,113 | $2,464,636 | 2004 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TRMB
TRIMBLE INC
|
Technology | 0.80% | 0.96% |
#44
18
Prev: #26
|
0.3 | -8,545 | -21.4% |
P
S
|
31,350 | $2,456,273 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CBOE
CBOE GLOBAL MKT...
|
Financial Services | 0.79% | 0.99% |
#45
22
Prev: #23
|
0.3 | -4,166 | -30.2% |
P
S
|
9,630 | $2,417,130 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MLM
MARTIN MARIETTA...
|
Basic Materials | 0.77% | 0.86% |
#46
9
Prev: #37
|
0.8 | -845 | -18.2% |
P
S
|
3,799 | $2,365,485 | 2009 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HNGE
HINGE HEALTH IN...
|
Healthcare | 0.76% | 0.76% |
#47
3
Prev: #50
|
0.8 | -2,549 | -4.8% |
P
S
|
50,179 | $2,330,815 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
XRT
SPDR SERIES TRU...
|
Unknown | 0.76% | — |
#48
Prev: #—
|
3.8 | 27,300 | no change |
NEW
|
27,300 | $2,328,417 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LLY
ELI LILLY & CO
|
Healthcare | 0.76% | 0.44% |
#49
35
Prev: #84
|
2.3 | 211 | 10.9% |
P
S
|
2,152 | $2,312,711 | 2006 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TLN
TALEN ENERGY CO...
|
Utilities | 0.73% | 0.63% |
#50
12
Prev: #62
|
2.3 | 915 | 18.3% |
P
S
|
5,928 | $2,222,052 | 2024 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 201 holdings