Q3 2025 · 13F-HR
SANDLER CAPITAL MANAGEMENTholdings as filed
Filed 2025-11-14 · accession 0001140361-25-042347
$340.5M
Reported value
144
Positions
2025-09-30
Period end
The Brief · SANDLER CAPITAL MANAGEMENT · Q3 2025
AI · grounded in 13F
Sandler Capital Management established a new position in Corning Inc GLW worth $13.7M. The fund also initiated stakes in TKO Group Holdings Inc TKO for $12.4M and Meta Platforms Inc META for $10.4M. Additional new positions include Roku Inc ROKU and Gogo Inc GOGO.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 219350105 | GLW | CORNING INC | $13.7M | 4.04% | 167,621 | Common | SOLE |
| 87256C101 | TKO | TKO GROUP HOLDINGS INC | $12.4M | 3.63% | 61,176 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $10.4M | 3.05% | 14,120 | Common | SOLE |
| 77543R102 | ROKU | ROKU INC | $10.0M | 2.94% | 100,000 | PUT | SOLE |
| 38046C109 | GOGO | GOGO INC | $7.9M | 2.32% | 919,200 | PUT | SOLE |
| 49338L103 | KEYS | KEYSIGHT TECHNOLOGIES INC | $6.3M | 1.85% | 35,962 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $6.1M | 1.78% | 24,900 | CALL | SOLE |
| 436440101 | HO1 | HOLOGIC INC | $5.6M | 1.64% | 82,638 | Common | SOLE |
| 55024U109 | LITE | LUMENTUM HLDGS INC | $5.5M | 1.62% | 33,994 | Common | SOLE |
| 75513E101 | RTX | RTX CORPORATION | $4.9M | 1.45% | 29,414 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $4.6M | 1.34% | 16,332 | Common | SOLE |
| 032095101 | APH | AMPHENOL CORP NEW | $4.5M | 1.33% | 36,508 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $4.3M | 1.28% | 17,052 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $4.3M | 1.27% | 9,700 | PUT | SOLE |
| G3922B107 | G | GENPACT LIMITED | $4.1M | 1.21% | 98,200 | PUT | SOLE |
| 872540109 | TJX | TJX COS INC NEW | $3.9M | 1.16% | 27,325 | Common | SOLE |
| 184496107 | CLH | CLEAN HARBORS INC | $3.8M | 1.13% | 16,540 | Common | SOLE |
| 833445109 | SNOW | SNOWFLAKE INC | $3.8M | 1.13% | 16,998 | Common | SOLE |
| 09260D107 | BX | BLACKSTONE INC | $3.6M | 1.06% | 21,063 | Common | SOLE |
| 679295105 | OKTA | OKTA INC | $3.6M | 1.05% | 39,000 | CALL | SOLE |
| 231561101 | CW | CURTISS WRIGHT CORP | $3.5M | 1.02% | 6,400 | Common | SOLE |
| 920253101 | VMI | VALMONT INDS INC | $3.5M | 1.02% | 8,936 | Common | SOLE |
| 12503M108 | CBOE | CBOE GLOBAL MKTS INC | $3.4M | 0.99% | 13,796 | Common | SOLE |
| 55825T103 | MSGS | MADISON SQUARE GRDN SPRT COR | $3.4M | 0.99% | 14,888 | Common | SOLE |
| 267475101 | DY | DYCOM INDS INC | $3.3M | 0.96% | 11,184 | Common | SOLE |
| 896239100 | TRMB | TRIMBLE INC | $3.3M | 0.96% | 39,895 | Common | SOLE |
| 343498101 | FLO | FLOWERS FOODS INC | $3.2M | 0.95% | 247,400 | PUT | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $3.2M | 0.95% | 14,684 | Common | SOLE |
| 088606108 | BHP | BHP GROUP LTD | $3.2M | 0.93% | 57,068 | Common | SOLE |
| 74340W103 | PLD | PROLOGIS INC. | $3.1M | 0.92% | 27,389 | Common | SOLE |
| 879360105 | TDY | TELEDYNE TECHNOLOGIES INC | $3.1M | 0.91% | 5,300 | Common | SOLE |
| L8681T102 | SPOT | SPOTIFY TECHNOLOGY S A | $3.1M | 0.90% | 4,407 | Common | SOLE |
| 277276101 | EGP | EASTGROUP PPTYS INC | $3.0M | 0.89% | 17,816 | Common | SOLE |
| 78473E103 | SPXC | SPX TECHNOLOGIES INC | $3.0M | 0.88% | 16,005 | Common | SOLE |
| 37045V100 | GM | GENERAL MTRS CO | $3.0M | 0.88% | 49,000 | CALL | SOLE |
| 387328107 | GVA | GRANITE CONSTR INC | $2.9M | 0.86% | 26,750 | Common | SOLE |
| 573284106 | MLM | MARTIN MARIETTA MATLS INC | $2.9M | 0.86% | 4,644 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $2.8M | 0.83% | 23,481 | Common | SOLE |
| 149123101 | CAT | CATERPILLAR INC | $2.8M | 0.82% | 5,835 | Common | SOLE |
| 00846U101 | A | AGILENT TECHNOLOGIES INC | $2.8M | 0.81% | 21,589 | Common | SOLE |
| 55826T102 | SPHR | SPHERE ENTERTAINMENT CO | $2.8M | 0.81% | 44,428 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $2.7M | 0.80% | 7,700 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $2.7M | 0.80% | 32,379 | Common | SOLE |
| 82509L107 | SHOP | SHOPIFY INC | $2.7M | 0.79% | 18,195 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $2.7M | 0.79% | 5,206 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $2.7M | 0.78% | 2,229 | Common | SOLE |
| 278642103 | EBAY | EBAY INC. | $2.7M | 0.78% | 29,300 | CALL | SOLE |
| G6700G107 | NVT | NVENT ELECTRIC PLC | $2.6M | 0.77% | 26,512 | Common | SOLE |
| 12504L109 | CBRE | CBRE GROUP INC | $2.6M | 0.77% | 16,564 | Common | SOLE |
| 433313103 | HNGE | HINGE HEALTH INC | $2.6M | 0.76% | 52,728 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $2.6M | 0.76% | 33,700 | Common | SOLE |
| 518439104 | EL | LAUDER ESTEE COS INC | $2.6M | 0.75% | 29,100 | PUT | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $2.5M | 0.73% | 59,000 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC | $2.5M | 0.73% | 6,104 | Common | SOLE |
| M2682V108 | CYBR | CYBERARK SOFTWARE LTD | $2.3M | 0.68% | 4,806 | Common | SOLE |
| 23331A109 | DHI | D R HORTON INC | $2.3M | 0.67% | 13,400 | CALL | SOLE |
| 92537N108 | VRT | VERTIV HOLDINGS CO | $2.2M | 0.66% | 14,831 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $2.2M | 0.65% | 123,400 | CALL | SOLE |
| 447462102 | HURN | HURON CONSULTING GROUP INC | $2.2M | 0.65% | 15,028 | Common | SOLE |
| 09073M104 | TECH | BIO-TECHNE CORP | $2.2M | 0.65% | 39,500 | CALL | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $2.1M | 0.63% | 6,474 | Common | SOLE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $2.1M | 0.63% | 5,013 | Common | SOLE |
| 654106103 | NKE | NIKE INC | $2.1M | 0.61% | 29,600 | PUT | SOLE |
| 60786M105 | MC | MOELIS & CO | $2.0M | 0.59% | 28,120 | Common | SOLE |
| 666807102 | NOC | NORTHROP GRUMMAN CORP | $2.0M | 0.59% | 3,270 | Common | SOLE |
| 31488V107 | FERG | FERGUSON ENTERPRISES INC | $2.0M | 0.58% | 8,844 | Common | SOLE |
| 399473206 | GRPN | GROUPON INC | $2.0M | 0.58% | 84,986 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $2.0M | 0.58% | 10,570 | Common | SOLE |
| 701094104 | PH | PARKER-HANNIFIN CORP | $1.9M | 0.56% | 2,533 | Common | SOLE |
| G29183103 | ETN | EATON CORP PLC | $1.9M | 0.55% | 4,986 | Common | SOLE |
| 05464C101 | AXON | AXON ENTERPRISE INC | $1.8M | 0.54% | 2,573 | Common | SOLE |
| 98980G102 | ZS | ZSCALER INC | $1.8M | 0.53% | 6,061 | Common | SOLE |
| 55616P104 | M | MACYS INC | $1.8M | 0.53% | 100,000 | PUT | SOLE |
| N00985106 | AER | AERCAP HOLDINGS NV | $1.8M | 0.53% | 14,775 | Common | SOLE |
| 60471A101 | MIR | MIRION TECHNOLOGIES INC | $1.8M | 0.52% | 76,526 | Common | SOLE |
| 101137107 | BSX | BOSTON SCIENTIFIC CORP | $1.8M | 0.52% | 18,004 | Common | SOLE |
| 697900108 | PAAS | PAN AMERN SILVER CORP | $1.7M | 0.50% | 43,681 | Common | SOLE |
| 03957W106 | AROC | ARCHROCK INC | $1.6M | 0.47% | 61,164 | Common | SOLE |
| 883203101 | TXT | TEXTRON INC | $1.6M | 0.47% | 18,900 | Common | SOLE |
| 72703X106 | PL | PLANET LABS PBC | $1.5M | 0.44% | 116,439 | Common | SOLE |
| 759916109 | RGEN | REPLIGEN CORP | $1.5M | 0.44% | 11,304 | Common | SOLE |
| 45168D104 | IDXX | IDEXX LABS INC | $1.5M | 0.44% | 2,360 | Common | SOLE |
| 91680M107 | UPST | UPSTART HLDGS INC | $1.5M | 0.44% | 29,400 | PUT | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $1.5M | 0.44% | 1,941 | Common | SOLE |
| 16411R208 | LNG | CHENIERE ENERGY INC | $1.5M | 0.43% | 6,221 | Common | SOLE |
| 26856L103 | ELF | E L F BEAUTY INC | $1.5M | 0.43% | 11,014 | Common | SOLE |
| 589378108 | MRCY | MERCURY SYS INC | $1.4M | 0.42% | 18,628 | Common | SOLE |
| 23204X103 | CTOS | CUSTOM TRUCK ONE SOURCE INC | $1.4M | 0.42% | 221,289 | Common | SOLE |
| 04956D107 | ATMU | ATMUS FILTRATION TECHNOLOGIE | $1.4M | 0.41% | 31,135 | Common | SOLE |
| 910047109 | UAL | UNITED AIRLS HLDGS INC | $1.4M | 0.41% | 14,500 | CALL | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $1.4M | 0.41% | 5,699 | Common | SOLE |
| 29977A105 | EVR | EVERCORE INC | $1.4M | 0.41% | 4,088 | Common | SOLE |
| 531229755 | FWONK | LIBERTY MEDIA CORP DEL | $1.4M | 0.40% | 12,966 | Common | SOLE |
| 889478103 | TOL | TOLL BROTHERS INC | $1.3M | 0.39% | 9,700 | CALL | SOLE |
| 558256103 | MSGE | MADISON SQUARE GARDEN ENTMT | $1.3M | 0.39% | 29,280 | Common | SOLE |
| 346232101 | FOR | FORESTAR GROUP INC | $1.3M | 0.39% | 49,765 | Common | SOLE |
| 911363109 | URI | UNITED RENTALS INC | $1.3M | 0.39% | 1,381 | Common | SOLE |
| 916896103 | UEC | URANIUM ENERGY CORP | $1.3M | 0.39% | 98,800 | CALL | SOLE |
| 538034109 | LYV | LIVE NATION ENTERTAINMENT IN | $1.3M | 0.38% | 7,828 | Common | SOLE |
| 368736104 | GNRC | GENERAC HLDGS INC | $1.3M | 0.37% | 7,583 | Common | SOLE |
| 00766T100 | ACM | AECOM | $1.3M | 0.37% | 9,652 | Common | SOLE |
| G2130T108 | INFQ | CHURCHILL CAP CORP X | $1.3M | 0.37% | 97,500 | Common | SOLE |
| 443510607 | HUBB | HUBBELL INC | $1.2M | 0.36% | 2,810 | Common | SOLE |
| 92338C103 | VLTO | VERALTO CORP | $1.2M | 0.35% | 11,264 | Common | SOLE |
| 539830109 | LMT | LOCKHEED MARTIN CORP | $1.2M | 0.35% | 2,394 | Common | SOLE |
| 53626N102 | LION | LIONSGATE STUDIOS CORP | $1.2M | 0.35% | 170,400 | CALL | SOLE |
| 21037T109 | CEG | CONSTELLATION ENERGY CORP | $1.2M | 0.34% | 3,555 | Common | SOLE |
| 95082P105 | WCC | WESCO INTL INC | $1.2M | 0.34% | 5,519 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE | $1.1M | 0.34% | 3,802 | Common | SOLE |
| 502431109 | LHX | L3HARRIS TECHNOLOGIES INC | $1.1M | 0.33% | 3,652 | Common | SOLE |
| 15643U104 | LEU | CENTRUS ENERGY CORP | $1.1M | 0.32% | 3,554 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $1.1M | 0.32% | 6,136 | Common | SOLE |
| 773903109 | ROK | ROCKWELL AUTOMATION INC | $1.1M | 0.32% | 3,093 | Common | SOLE |
| 03820C105 | AIT | APPLIED INDL TECHNOLOGIES IN | $1.1M | 0.31% | 4,099 | Common | SOLE |
| 12769G100 | CZR | CAESARS ENTERTAINMENT INC NE | $1.1M | 0.31% | 39,000 | PUT | SOLE |
| 70614W100 | PTON | PELOTON INTERACTIVE INC | $1.0M | 0.31% | 116,400 | CALL | SOLE |
| 916896103 | UEC | URANIUM ENERGY CORP | $1.0M | 0.30% | 77,663 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $1.0M | 0.30% | 5,220 | Common | SOLE |
| 31620M106 | FIS | FIDELITY NATL INFORMATION SV | $1.0M | 0.30% | 15,401 | Common | SOLE |
| 824348106 | SHW | SHERWIN WILLIAMS CO | $1.0M | 0.29% | 2,895 | Common | SOLE |
| 81725T100 | SXT | SENSIENT TECHNOLOGIES CORP | $968,532 | 0.28% | 10,320 | Common | SOLE |
| 67059N108 | NTNX | NUTANIX INC | $957,771 | 0.28% | 12,875 | Common | SOLE |
| 92840M102 | VST | VISTRA CORP | $955,110 | 0.28% | 4,875 | Common | SOLE |
| 15118V207 | CELH | CELSIUS HLDGS INC | $953,817 | 0.28% | 16,591 | Common | SOLE |
| 90384S303 | ULTA | ULTA BEAUTY INC | $914,166 | 0.27% | 1,672 | Common | SOLE |
| 535555106 | LNN | LINDSAY CORP | $835,348 | 0.25% | 5,943 | Common | SOLE |
| G25457105 | CRDO | CREDO TECHNOLOGY GROUP HOLDI | $829,395 | 0.24% | 5,696 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $815,260 | 0.24% | 41,744 | Common | SOLE |
| 858119100 | STLD | STEEL DYNAMICS INC | $814,550 | 0.24% | 5,842 | Common | SOLE |
| 15687V109 | CERT | CERTARA INC | $790,292 | 0.23% | 64,672 | Common | SOLE |
| 339750101 | FND | FLOOR & DECOR HLDGS INC | $767,807 | 0.23% | 10,418 | Common | SOLE |
| 654902204 | NOK | NOKIA CORP | $721,500 | 0.21% | 150,000 | CALL | SOLE |
| 595017104 | MCHP | MICROCHIP TECHNOLOGY INC. | $677,200 | 0.20% | 10,545 | Common | SOLE |
| 35137L105 | FOXA | FOX CORP | $654,815 | 0.19% | 10,384 | Common | SOLE |
| 009066101 | ABNB | AIRBNB INC | $624,706 | 0.18% | 5,145 | Common | SOLE |
| 58502B106 | MD | PEDIATRIX MEDICAL GROUP INC | $565,346 | 0.17% | 33,752 | Common | SOLE |
| 19247G107 | COHR | COHERENT CORP | $551,419 | 0.16% | 5,119 | Common | SOLE |
| 007973100 | AEIS | ADVANCED ENERGY INDS | $549,042 | 0.16% | 3,227 | Common | SOLE |
| 192422103 | CGNX | COGNEX CORP | $546,001 | 0.16% | 12,053 | Common | SOLE |
| 456788108 | INFY | INFOSYS LTD | $533,656 | 0.16% | 32,800 | PUT | SOLE |
| 369550108 | GD | GENERAL DYNAMICS CORP | $511,500 | 0.15% | 1,500 | Common | SOLE |
| 98954M101 | ZG | ZILLOW GROUP INC | $485,572 | 0.14% | 6,523 | Common | SOLE |
| 303250104 | FICO | FAIR ISAAC CORP | $420,525 | 0.12% | 281 | Common | SOLE |
| 303075105 | FDS | FACTSET RESH SYS INC | $315,139 | 0.09% | 1,100 | PUT | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.