Sandell Asset Management Corp.
Follow13F filer, CIK 1140474, NEW YORK, NY
Sandell Asset Management Corp. reported $905,036,000 across 44 holdings for the quarter ended 2018-12-31, in a 13F-HR filed 2019-02-14. Its ten largest share positions make up 80.07% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001567619-19-004135
- Period
- 2018-12-31
- Reported value
- $905M
- Holdings
- 44
- Top 10 weight
- 80.07%
- New
- 21
- Sold out
- 19
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| RED HAT INCnew | +274,000 | $48.1M |
| IMPERVA INCnew | +718,646 | $40M |
| INTEGRATED DEVICE TECHNOLOG…new | +666,100 | $32.3M |
| INVESTMENT TECHNOLOGY GROUPnew | +839,540 | $25.4M |
| VECTREN CORPnew | +338,864 | $24.4M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| AETNA INC NEWexited | -371,700 | -$75.4M |
| PINNACLE FOODS INC DELexited | -868,100 | -$56.3M |
| ROCKWELL COLLINS INCexited | -387,470 | -$54.4M |
| CA INC COMexited | -1,204,137 | -$53.2M |
| ENVISION HEALTHCARE CORPexited | -1,131,404 | -$51.7M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q4 2018
Share positions as resolved from 13F-HR 0001567619-19-004135, largest first. % of portfolio is the value over $409,595,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| TWENTY FIRST CENTY FOX INCTWENTY FIRST CENTY FOX INC | 1,015,600 | $48.9M | 11.93% | -69,100 | |||
| RED HAT INCRED HAT INC | 274,000 | $48.1M | 11.75% | new | |||
| IMPERVA INCIMPERVA INC | 718,646 | $40M | 9.77% | new | |||
| DUN & BRADSTREET CORP DEL NEDUN & BRADSTREET CORP DEL NE | 279,700 | $39.9M | 9.75% | +42,100 | |||
| INTEGRATED DEVICE TECHNOLOG…INTEGRATED DEVICE TECHNOLOGY INC | 666,100 | $32.3M | 7.88% | new | |||
| ORBOTECH LTDORBOTECH LTD | 508,572 | $28.8M | 7.02% | -29,112 | |||
| INVESTMENT TECHNOLOGY GROUPINVESTMENT TECHNOLOGY GROUP | 839,540 | $25.4M | 6.2% | new | |||
| VECTREN CORPVECTREN CORP | 338,864 | $24.4M | 5.95% | new | |||
| TRIBUNE COMPANYTRIBUNE COMPANY | 526,000 | $23.9M | 5.83% | new | |||
| SHIRE PLCSHIRE PLC | 94,000 | $16.4M | 3.99% | new | |||
| TESARO INCTESARO INC | 138,100 | $10.3M | 2.5% | new | |||
| AMZNAMAZON COM INC | 4,664 | $7M | 1.71% | 0 | Timeline | ||
| PCRXPACIRA BIOSCIENCES INC | 151,600 | $6.52M | 1.59% | -41,500 | Timeline | ||
| MSFTMICROSOFT CORP | 61,293 | $6.23M | 1.52% | 0 | Timeline | ||
| CSXCSX CORP | 89,700 | $5.57M | 1.36% | +31,000 | Timeline | ||
| ZAYO GROUP HLDGS INC COMZAYO GROUP HLDGS INC COM | 236,100 | $5.39M | 1.32% | 0 | |||
| GOOGALPHABET INC | 5,164 | $5.35M | 1.31% | 0 | Timeline | ||
| AAPLAPPLE INC | 32,487 | $5.12M | 1.25% | 0 | Timeline | ||
| SPYSTATE STR SPDR S&P 500 ETF T | 20,000 | $5M | 1.22% | new | Timeline | ||
| METAMETA PLATFORMS INC | 32,610 | $4.28M | 1.04% | 0 | Timeline | ||
| DHRDANAHER CORP DEL | 41,300 | $4.26M | 1.04% | new | Timeline | ||
| HYGISHARES TR | 40,000 | $3.24M | 0.79% | new | Timeline | ||
| TIVO CORPTIVO CORP | 318,900 | $3M | 0.73% | 0 | |||
| WHWYNDHAM HOTELS & RESORTS INC | 56,600 | $2.57M | 0.63% | 0 | Timeline | ||
| NUTRI SYS INC NEWNUTRI SYS INC NEW | 46,276 | $2.03M | 0.5% | new | |||
| CZRCZR | 175,000 | $1.19M | 0.29% | +75,000 | |||
| PYPLPAYPAL HLDGS INC | 11,900 | $1M | 0.24% | 0 | Timeline | ||
| VVISA INC | 7,400 | $976K | 0.24% | 0 | Timeline | ||
| MAMASTERCARD INCORPORATED | 5,000 | $943K | 0.23% | 0 | Timeline | ||
| LIBERTY MEDIA CORP DELLIBERTY MEDIA CORP DEL | 23,200 | $854K | 0.21% | 0 | |||
| WORLDPAY INCWORLDPAY INC | 11,100 | $848K | 0.21% | 0 |
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T SHS | call | 14,500 | $362M | -1,640,500 |
| SPYSTATE STR SPDR S&P 500 ETF T SHS | put | 3,000 | $75M | -147,000 |
| TESARO INCTESARO INC COM | put | 1,381 | $10.3M | new |
| AALAMERICAN AIRLINES GROUP INC Stock | call | 3,000 | $9.63M | new |
| HYGISHARES TR IBOXX HI YD ETF | put | 1,016 | $8.24M | -498,984 |
| LVSLAS VEGAS SANDS CORP Stock | call | 1,204 | $6.27M | new |
| QQQINVESCO QQQ TR COM | put | 350 | $5.4M | -99,650 |
| XHBSPDR SERIES TRUST SHS | call | 1,500 | $4.88M | new |
| XPOXPO INC Stock | call | 750 | $4.28M | new |
| FXIISHARES TR CHINA LG-CAP ETF | call | 1,000 | $3.91M | new |
| EEMISHARES TR MSCI EMG MKT ETF | call | 1,000 | $3.91M | new |
| FFORD MTR CO Stock | call | 1,000 | $765K | new |
| BKLNINVESCO EXCH TRADED FD TR II SR LN ETF | put | 254 | $553K | new |
Sold out in Q4 2018
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| AETNA INC NEWAETNA INC NEW | 371,700 | $75.4M | shares |
| PINNACLE FOODS INC DELPINNACLE FOODS INC DEL | 868,100 | $56.3M | shares |
| ROCKWELL COLLINS INCROCKWELL COLLINS INC | 387,470 | $54.4M | shares |
| CA INC COMCA INC COM | 1,204,137 | $53.2M | shares |
| ENVISION HEALTHCARE CORPENVISION HEALTHCARE CORP | 1,131,404 | $51.7M | shares |
| KLX INCKLX INC | 822,200 | $51.6M | shares |
| GRAMERCY PPTY TRGRAMERCY PPTY TR | 1,660,050 | $45.6M | shares |
| KAPSTONE PAPER AND PACKAGIN…KAPSTONE PAPER AND PACKAGING C | 1,211,046 | $41.1M | shares |
| EXPRESS SCRIPTS HLDG COEXPRESS SCRIPTS HLDG CO | 265,400 | $25.2M | shares |
| FOREST CITY RLTY TR INCFOREST CITY RLTY TR INC | 668,200 | $16.8M | shares |
| AVAAVISTA CORP | 296,290 | $15M | shares |
| TMUST-MOBILE US INC | 162,066 | $11.4M | shares |
| KLX ENERGY SERVICS HOLDNGS IKLX ENERGY SERVICS HOLDNGS I | 328,880 | $10.5M | shares |
| CONVERGYS CORPCONVERGYS CORP | 279,070 | $6.62M | shares |
| OPTUOPTIMUM COMMUNICATIONS INC | 138,700 | $2.52M | shares |
| MGMMGM RESORTS INTERNATIONAL | 90,000 | $2.51M | shares |
| PCRXPACIRA BIOSCIENCES INC | 50,000 | $2.46M | put |
| ZAYO GROUP HLDGS INC COMZAYO GROUP HLDGS INC COM | 60,000 | $2.08M | put |
| CA INC COMCA INC COM | 13,100 | $578K | put |
How Q4 2018 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001567619-19-004135 | base | 2019-02-14 | acceptance time not in the bulk data set |