Q2 2026 13F · SEC CIK 1000742

Sandler Capital Management

Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $169.3M
Reported positions: 112
Top holdings a year, 3 yrs: +33.6%
Assets under management: $395.0M

Sandler Capital Management is a hedge fund that reported 112 positions worth $169.3M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Keysight Technologies Inc (KEYS, 5.1%), Madison Square Grdn Sprt Corp Cl A (MSGK, 2.7%), Eastgroup Pptys Inc (EGP, 2.5%). A portfolio copying its top holdings returned 33.6% a year over the last 3 years, against 20.4% for the S&P 500.

Sandler Capital Management holdings largest 50 of 112 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Sandler Capital Management 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
KEYSKeysight Technologies Inc	5.1%	6.3%	24,752	-25.2%	$8.7M
MSGKMadison Square Grdn Sprt Corp Cl A	2.7%	3.6%	11,297	-30.8%	$4.5M
EGPEastgroup Pptys Inc	2.5%	3.2%	20,906	-18.7%	$4.2M
MSMMsc Indl Direct Inc	2.3%	—	32,085	—	$3.8M
PLDPrologis Inc	2.2%	3.0%	27,249	-18.4%	$3.7M
HNGEHinge Health, Inc.	1.9%	0.8%	39,673	+26.6%	$3.3M
MSGEMadison Square Garden Entmt	1.8%	2.9%	37,839	-47.2%	$3.1M
AMEAmetek Inc	1.8%	1.5%	12,553	+22.4%	$3.0M
FWONKLiberty Media Corp Del	1.7%	—	29,692	—	$2.8M
TKOTko Group Holdings Inc	1.7%	4.4%	13,996	-56.8%	$2.8M
MARMarriott Intl Inc New	1.7%	—	7,542	—	$2.8M
SXTSensient Technologies Corp	1.6%	—	22,588	—	$2.8M
SBUXStarbucks Corp	1.6%	0.7%	27,018	+119.7%	$2.8M
LYVLive Nation Entertainment in	1.6%	1.6%	15,068	-4.1%	$2.8M
DGXQuest Diagnostics Inc	1.6%	2.0%	12,889	-13.8%	$2.7M
XLVSelect Sector Spdr Tr	1.6%	—	17,034	—	$2.7M
CLHClean Harbors Inc	1.6%	2.1%	8,985	-18.5%	$2.7M
TSMTaiwan Semiconductor Manufac	1.6%	2.4%	5,589	-46.0%	$2.7M
PLXSPlexus Corp	1.6%	—	8,832	—	$2.7M
AMATApplied Matls Inc	1.5%	—	3,472	—	$2.5M
FORForestar Group Inc	1.5%	1.8%	79,222	-28.6%	$2.5M
RPMRpm Intl Inc	1.5%	—	22,270	—	$2.5M
SPOTSpotify Technology SA	1.4%	—	5,281	—	$2.4M
EBAYEbay Inc.	1.4%	0.8%	20,710	+70.6%	$2.3M
AMZNAmazon Com Inc	1.4%	1.1%	9,667	+25.4%	$2.3M
RTXRtx Corporation	1.3%	1.3%	12,031	+23.7%	$2.3M
HLTHilton Worldwide Hldgs Inc	1.3%	—	6,405	—	$2.1M
LEVILevi Strauss & Co New	1.2%	—	79,860	—	$2.0M
TDYTeledyne Technologies Inc	1.2%	1.4%	2,941	-13.6%	$2.0M
ROKRockwell Automation Inc	1.1%	—	3,914	—	$1.9M
ROLLRbc Bearings Incorporated	1.1%	0.9%	3,004	+24.8%	$1.9M
EQIXEquinix Inc	1.1%	1.0%	1,774	+21.5%	$1.8M
AITApplied Indl Technologies in	1.0%	—	5,232	—	$1.8M
CSXCsx Corp	1.0%	—	36,259	—	$1.7M
WWDWoodward, Inc.	1.0%	1.1%	3,810	-17.6%	$1.6M
ADIAnalog Devices Inc	1.0%	1.6%	4,069	-44.5%	$1.6M
GHGuardant Health Inc	0.9%	—	10,580	—	$1.6M
IEXIdex Corp	0.9%	—	6,941	—	$1.6M
AVYAvery Dennison Corp	0.9%	—	9,682	—	$1.6M
RVMDRevolution Medicines Inc	0.9%	—	8,328	—	$1.6M
CDNSCadence Design System Inc	0.9%	—	4,008	—	$1.5M
MASMasco Corp	0.9%	—	18,125	—	$1.5M
BEBloom Energy Corp	0.9%	—	4,869	—	$1.5M
STMStmicroelectronics N V Ny Registry	0.9%	—	19,539	—	$1.5M
TLNTalen Energy Corp	0.9%	—	3,775	—	$1.5M
SPHRSphere Entertainment Co	0.9%	0.8%	8,339	-15.1%	$1.4M
LHXL3harris Technologies Inc	0.8%	1.5%	4,858	-26.4%	$1.4M
CAVACava Group Inc	0.8%	—	17,874	—	$1.4M
RSPHInvesco Exchange Traded Fd T	0.8%	—	41,000	—	$1.4M
RLRalph Lauren Corp	0.8%	1.9%	3,389	-58.5%	$1.4M

What Sandler Capital Management bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

SBUX Starbucks Corp+119.7% shares
EBAY Ebay Inc.+70.6% shares
HNGE Hinge Health, Inc.+26.6% shares
AMZN Amazon Com Inc+25.4% shares
ROLL Rbc Bearings Incorporated+24.8% shares
RTX Rtx Corporation+23.7% shares
AME Ametek Inc+22.4% shares
EQIX Equinix Inc+21.5% shares

Reduced

RL Ralph Lauren Corp-58.5% shares
TKO Tko Group Holdings Inc-56.8% shares
MSGE Madison Square Garden Entmt-47.2% shares
TSM Taiwan Semiconductor Manufac-46.0% shares
ADI Analog Devices Inc-44.5% shares
MSGK Madison Square Grdn Sprt Corp Cl A-30.8% shares
FOR Forestar Group Inc-28.6% shares
LHX L3harris Technologies Inc-26.4% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +51.7% /yr; S&P 500 +20.1%
3 years: +33.6% /yr; S&P 500 +20.4%
5 years: +16.5% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$169.3M	112
Q1 2026	$147.2M	100
Q4 2025	$222.2M	108
Q3 2025	$272.1M	119
Q2 2025	$288.0M	124
Q1 2025	$306.4M	101
Q4 2024	$610.8M	120
Q3 2024	$517.0M	113
Q2 2024	$507.4M	88
Q1 2024	$820.4M	102
Q4 2023	$774.6M	83
Q3 2023	$591.8M	73

Questions about Sandler Capital Management's portfolio

What stocks does Sandler Capital Management own?

Sandler Capital Management's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 112 positions worth $169.3M. The largest are Keysight Technologies Inc (KEYS) at 5.1%, Madison Square Grdn Sprt Corp Cl A (MSGK) at 2.7%, Eastgroup Pptys Inc (EGP) at 2.5%, Msc Indl Direct Inc (MSM) at 2.3% and Prologis Inc (PLD) at 2.2%.

What did Sandler Capital Management buy last quarter?

In Q2 2026, Sandler Capital Management added Starbucks Corp (SBUX) (+119.7% shares), Ebay Inc. (EBAY) (+70.6% shares) and Hinge Health, Inc. (HNGE) (+26.6% shares), compared with its Q1 2026 filing.

What did Sandler Capital Management sell last quarter?

In Q2 2026, Sandler Capital Management cut from its top 50 Corning Inc (GLW), cut from its top 50 Danaher Corp Del (DHR), cut from its top 50 Hubbell Inc (HUBB), cut from its top 50 Eli Lilly & Co (LLY), cut from its top 50 Honeywell Intl. Inc (HON), Ralph Lauren Corp (RL) (-58.5% shares), Tko Group Holdings Inc (TKO) (-56.8% shares) and Madison Square Garden Entmt (MSGE) (-47.2% shares), compared with its Q1 2026 filing.

How has Sandler Capital Management's portfolio performed?

A portfolio copying Sandler Capital Management's 20 largest 13F holdings each quarter, from the day each filing was public, returned +33.6% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +51.7% against +20.1%. Over 5 years: +16.5% a year against +11.6%.

When is Sandler Capital Management's next 13F filing due?

13F filings are due 45 days after each quarter ends. Sandler Capital Management's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Sandler Capital Management manage?

Sandler Capital Management reported $395.0M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $169.3M.