SANDLER CAPITAL MANAGEMENT

13F filer, CIK 1000742, NEW YORK, NY

SANDLER CAPITAL MANAGEMENT reported $757,011,541 across 142 holdings for the quarter ended 2024-09-30, in a 13F-HR filed 2024-11-14. Its ten largest share positions make up 27.6% of the portfolio.

Filed 2024-11-14 (acceptance time not in the bulk data set), ingested 2026-10-07 18:26:56 UTC13F-HR 0001140361-24-046883

Period: 2024-09-30
Reported value: $757M
Holdings: 142
Top 10 weight: 27.6%
New: 59
Sold out: 40

Largest buys vs the previous quarter

Security	Shares change	Approx. value
GLWnew	+324,902	$14.7M
ETNadded	+40,506	$13.4M
ADBEnew	+17,467	$9.04M
TLNnew	+46,453	$8.28M
HUBBnew	+16,500	$7.07M

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
CLHreduced	-126,022	-$30.5M
XYLreduced	-98,501	-$13.3M
BLACKROCK INCexited	-14,450	-$11.4M
VMCexited	-41,703	-$10.4M
PGexited	-60,244	-$9.94M

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, Q3 2024

Share positions as resolved from 13F-HR 0001140361-24-046883, largest first. % of portfolio is the value over $517,567,534, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
TKOTKO GROUP HOLDINGS INC	167,314	$20.7M	4%	+29,374	Timeline
METAMETA PLATFORMS INC	35,227	$20.2M	3.9%	+4,825	Timeline
LYVLIVE NATION ENTERTAINMENT IN	162,395	$17.8M	3.44%	-7,715	Timeline
ETNEATON CORP PLC	50,406	$16.7M	3.23%	+40,506	Timeline
GLWCORNING INC	324,902	$14.7M	2.83%	new	Timeline
CWCURTISS WRIGHT CORP	39,204	$12.9M	2.49%	+17,594	Timeline
ARISTA NETWORKS INCARISTA NETWORKS INC	27,752	$10.7M	2.06%	+11,752
LLYELI LILLY & CO	11,857	$10.5M	2.03%	+736	Timeline
CLHCLEAN HARBORS INC	39,434	$9.53M	1.84%	-126,022	Timeline
CEGCONSTELLATION ENERGY CORP	35,609	$9.26M	1.79%	+9,199	Timeline
ADBEADOBE INC	17,467	$9.04M	1.75%	new	Timeline
AXONAXON ENTERPRISE INC	22,162	$8.86M	1.71%	+3,157	Timeline
ORCLORACLE CORP	50,000	$8.52M	1.65%	+7,000	Timeline
TLNTALEN ENERGY CORP	46,453	$8.28M	1.6%	new	Timeline
AMZNAMAZON COM INC	44,355	$8.26M	1.6%	+14,065	Timeline
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL	26,788	$7.81M	1.51%	+6,308
AERAERCAP HOLDINGS NV	77,803	$7.37M	1.42%	+4,753	Timeline
CBOECBOE GLOBAL MKTS INC	34,942	$7.16M	1.38%	-2,074	Timeline
HUBBHUBBELL INC	16,500	$7.07M	1.37%	new	Timeline
PYPLPAYPAL HLDGS INC	87,700	$6.84M	1.32%	new	Timeline
ISRGINTUITIVE SURGICAL INC	13,843	$6.8M	1.31%	-4,203	Timeline
FWONKLIBERTY MEDIA CORP DEL	86,467	$6.7M	1.29%	-63,589	Timeline
EXPEAGLE MATLS INC	23,000	$6.62M	1.28%	new	Timeline
BAHBOOZ ALLEN HAMILTON HLDG COR	40,526	$6.6M	1.27%	-16,404	Timeline
ZMZOOM COMMUNICATIONS INC	92,768	$6.47M	1.25%	-31,039	Timeline
DHRDANAHER CORP DEL	22,332	$6.21M	1.2%	new	Timeline
CRWDCROWDSTRIKE HLDGS INC	22,000	$6.17M	1.19%	+2,690	Timeline
CCICROWN CASTLE INC	50,000	$5.93M	1.15%	new	Timeline
WMBWILLIAMS COS INC	129,787	$5.92M	1.14%	+25,287	Timeline
SHWSHERWIN WILLIAMS CO	15,498	$5.92M	1.14%	new	Timeline
TJXTJX COS INC NEW	50,124	$5.89M	1.14%	-45,925	Timeline
FTAIFTAI AVIATION LTD	43,990	$5.85M	1.13%	-32,620	Timeline
MLMMARTIN MARIETTA MATLS INC	10,755	$5.79M	1.12%	-7,795	Timeline
VRSKVERISK ANALYTICS INC	21,504	$5.76M	1.11%	-15,676	Timeline
NFLXNETFLIX INC.	8,082	$5.73M	1.11%	-2,889	Timeline
SHOPSHOPIFY INC	69,326	$5.56M	1.07%	new	Timeline
CARRCARRIER GLOBAL CORPORATION	67,000	$5.39M	1.04%	new	Timeline
FBINFORTUNE BRANDS INNOVATIONS I	59,102	$5.29M	1.02%	new	Timeline
CCJCAMECO CORP	110,000	$5.25M	1.02%	new	Timeline
VMIVALMONT INDS INC	18,000	$5.22M	1.01%	new	Timeline
ONTOONTO INNOVATION INC	25,000	$5.19M	1%	-1,490	Timeline
EGPEASTGROUP PPTYS INC	27,600	$5.16M	1%	+26,400	Timeline
GVAGRANITE CONSTR INC	65,000	$5.15M	1%	new	Timeline
SYKSTRYKER CORPORATION	13,745	$4.97M	0.96%	-13,155	Timeline
URIUNITED RENTALS INC	6,016	$4.87M	0.94%	new	Timeline
VSTVISTRA CORP	41,000	$4.86M	0.94%	new	Timeline
XYLXYLEM INC	35,660	$4.82M	0.93%	-98,501	Timeline
BSXBOSTON SCIENTIFIC CORP	56,239	$4.71M	0.91%	+4,267	Timeline
RTXRTX CORPORATION	38,210	$4.63M	0.89%	new	Timeline
TTTRANE TECHNOLOGIES PLC	11,500	$4.47M	0.86%	new	Timeline
AAONAAON INC	41,188	$4.44M	0.86%	+7,063	Timeline
ARMARM HOLDINGS PLC	30,000	$4.29M	0.83%	+4,400	Timeline
JNJJOHNSON & JOHNSON	25,892	$4.2M	0.81%	new	Timeline
BXBLACKSTONE INC	27,370	$4.19M	0.81%	new	Timeline
AMTAMERICAN TOWER CORP	18,000	$4.19M	0.81%	new	Timeline
NXTNEXTPOWER INC	109,403	$4.1M	0.79%	-61,557	Timeline
MIRMIRION TECHNOLOGIES INC	345,000	$3.82M	0.74%	new	Timeline
FICOFAIR ISAAC CORP	1,955	$3.8M	0.73%	-875	Timeline
IPINTERNATIONAL PAPER CO	77,609	$3.79M	0.73%	new	Timeline
TRUTRANSUNION	34,668	$3.63M	0.7%	new	Timeline
NTNXNUTANIX INC	58,000	$3.44M	0.66%	new	Timeline
CAECAE INC	179,787	$3.37M	0.65%	-447,823	Timeline
RKTROCKET COS INC	166,873	$3.2M	0.62%	new	Timeline
ALLEALLEGION PLC	21,647	$3.15M	0.61%	new	Timeline
TMOTHERMO FISHER SCIENTIFIC INC	5,000	$3.09M	0.6%	-6,560	Timeline
EXPOEXPONENT INC	26,204	$3.02M	0.58%	-13,989	Timeline
CBRECBRE GROUP INC	23,600	$2.94M	0.57%	new	Timeline
NVDANVIDIA CORPORATION	23,500	$2.85M	0.55%	new	Timeline
JDJD.COM INC	70,000	$2.8M	0.54%	new	Timeline
ABNBAIRBNB INC	21,854	$2.77M	0.54%	new	Timeline
STLDSTEEL DYNAMICS INC	21,893	$2.76M	0.53%	+3,320	Timeline
HOLXHOLOGIC INC	33,400	$2.72M	0.53%	new	Timeline
ATMUATMUS FILTRATION TECHNOLOGIE	70,815	$2.66M	0.51%	new	Timeline
DHID R HORTON INC	13,762	$2.63M	0.51%	-9,238	Timeline
TCOMTRIP COM GROUP LTD	44,000	$2.61M	0.51%	new	Timeline
MTHMERITAGE HOMES CORP	11,595	$2.38M	0.46%	new	Timeline
BIDUBAIDU INC	22,000	$2.32M	0.45%	new	Timeline
TTEKTETRA TECH INC NEW	48,655	$2.29M	0.44%	+32,056	Timeline
PANWPALO ALTO NETWORKS INC	6,580	$2.25M	0.43%	new	Timeline
ENTGENTEGRIS INC	19,407	$2.18M	0.42%	-39,573	Timeline
AAGILENT TECHNOLOGIES INC	14,200	$2.11M	0.41%	new	Timeline
ROKROCKWELL AUTOMATION INC	7,500	$2.01M	0.39%	new	Timeline
STESTERIS PLC	8,117	$1.97M	0.38%	-7,807	Timeline
BABAALIBABA GROUP HLDG LTD	18,000	$1.91M	0.37%	new	Timeline
IJTISHARES TR	13,500	$1.88M	0.36%	-12,850	Timeline
OKTAOKTA INC	23,095	$1.72M	0.33%	new	Timeline
AITAPPLIED INDL TECHNOLOGIES IN	7,035	$1.57M	0.3%	new	Timeline
ZZILLOW GROUP INC	21,498	$1.37M	0.27%	-39,582	Timeline
CATXPERSPECTIVE THERAPEUTICS INC	102,806	$1.37M	0.27%	-3,891	Timeline
GOOGALPHABET INC	8,115	$1.36M	0.26%	-21,585	Timeline
ZSZSCALER INC	7,581	$1.3M	0.25%	-24,419	Timeline
CAVACAVA GROUP INC	10,420	$1.29M	0.25%	-503	Timeline
TECHBIO-TECHNE CORP	15,493	$1.24M	0.24%	-42,759	Timeline
LBRTLIBERTY ENERGY INC	50,666	$967K	0.19%	-48,344	Timeline
CRLCHARLES RIV LABS INTL INC	4,790	$943K	0.18%	-18,131	Timeline
JBHTHUNT J B TRANS SVCS INC	5,325	$918K	0.18%	new	Timeline
EFXEQUIFAX INC	3,067	$901K	0.17%	new	Timeline
ITBISHARES TR	5,800	$737K	0.14%	new	Timeline
AVGOBROADCOM INC	4,190	$723K	0.14%	+321	Timeline
ONON SEMICONDUCTOR CORP	7,066	$513K	0.1%	0	Timeline
ARCH RESOURCES INCARCH RESOURCES INC	3,500	$484K	0.09%	0
EDRENDEAVOR GROUP HLDGS INC	15,000	$428K	0.08%	0	Timeline
TECKTECK RESOURCES LTD	7,500	$392K	0.08%	0	Timeline
ELVELEVANCE HEALTH INC FORMERLY	700	$364K	0.07%	0	Timeline
SPGIS&P GLOBAL INC	700	$362K	0.07%	0	Timeline
FISVFISERV INC	2,000	$359K	0.07%	-650	Timeline
GPNGLOBAL PMTS INC	3,500	$358K	0.07%	new	Timeline
QCOMQUALCOMM INC	1,900	$323K	0.06%	-26,990	Timeline
AZNASTRAZENECA PLC-SPONS ADR	4,000	$312K	0.06%	0	Timeline
AVBAVALONBAY CMNTYS INC	1,150	$259K	0.05%	0	Timeline
PLDPROLOGIS INC.	1,900	$240K	0.05%	0	Timeline
GLPIGAMING & LEISURE P	4,600	$237K	0.05%	0	Timeline
MRKMERCK & CO INC	2,000	$227K	0.04%	0	Timeline

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
TSMTAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS	put	311,500	$54.1M	+111,500
AVGOBROADCOM INC COM	call	100,000	$17.2M	new
LYVLIVE NATION ENTERTAINMENT IN Stock	put	133,600	$14.6M	-40,400
MCKMCKESSON CORP Stock	put	25,000	$12.4M	new
ABRARBOR REALTY TRUST INC COM	put	714,500	$11.1M	+214,500
XYZBLOCK INC Stock	put	164,900	$11.1M	-344,100
VLYVALLEY NATL BANCORP COM	put	1,144,100	$10.4M	-1,254,900
ARISTA NETWORKS INCARISTA NETWORKS INC COM	call	25,000	$9.6M	new
COFCAPITAL ONE FINL CORP COM	put	64,000	$9.58M	-36,000
TRMBTRIMBLE INC Stock	call	125,000	$7.76M	new
BXMTBLACKSTONE MORTGAGE TRUST IN REIT	put	403,300	$7.67M	-171,700
GMEGAMESTOP CORP CL A	put	324,100	$7.43M	+24,100
ZMZOOM COMMUNICATIONS INC Stock	call	94,900	$6.62M	-19,100
OKTAOKTA INC STOK	call	88,300	$6.56M	new
GOGOGOGO INC COM	call	773,000	$5.55M	-435,000
YETIYETI HLDGS INC Stock	put	130,700	$5.36M	new
ELLAUDER ESTEE COS INC Stock	call	50,000	$4.98M	new
AOSSMITH A O CORP Stock	put	54,600	$4.9M	-45,400
MARAMARA HOLDINGS INC Stock	put	302,300	$4.9M	-237,700
MNROMONRO INC COMMON STOCK	put	149,700	$4.32M	new
PVHPVH CORPORATION Stock	put	40,000	$4.03M	new
ECHOECHOSTAR CORP CL A	call	161,100	$4M	new
HLITHARMONIC INC COM	call	250,000	$3.64M	new
INFYINFOSYS LTD ADR	call	162,600	$3.62M	-7,400
UPSTUPSTART HLDGS INC STOK	put	80,000	$3.2M	-838,000
PLTRPALANTIR TECHNOLOGIES INC COM	call	66,900	$2.49M	new
NXTNEXTPOWER INC Stock	call	62,000	$2.32M	-13,000

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

Security	Type	Amount	Value	Change
LIVE NATION ENTERTAINMENT INLIVE NATION ENTERTAINMENT IN NOTE 3.125% 1/1	principal	250,000	$307K	0
LIBERTY MEDIA CORP DELLIBERTY MEDIA CORP DEL NOTE 2.250% 8/1	principal	250,000	$275K	0

Sold out in Q3 2024

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
QCOMQUALCOMM INC	200,000	$39.8M	call
SNASNAP ON INC	150,000	$39.2M	put
PAYCPAYCOM SOFTWARE INC	100,000	$14.3M	put
ROKUROKU INC	200,000	$12M	put
CLHCLEAN HARBORS INC	53,000	$12M	put
PAYXPAYCHEX INC	100,000	$11.9M	put
BLACKROCK INCBLACKROCK INC	14,450	$11.4M	shares
MGAMAGNA INTL INC	250,000	$10.5M	put
VMCVULCAN MATLS CO	41,703	$10.4M	shares
CTSHCOGNIZANT TECHNOLOGY SOLUTIO	150,000	$10.2M	put
ROKUROKU INC	170,000	$10.2M	call
PGPROCTER & GAMBLE CO	60,244	$9.94M	shares
ALBALBEMARLE CORP	100,000	$9.55M	put
TCOMTRIP COM GROUP LTD	200,000	$9.4M	call
FORMFORMFACTOR INC	154,910	$9.38M	shares
RSGREPUBLIC SVCS INC	44,000	$8.55M	shares
AMATAPPLIED MATLS INC	34,480	$8.14M	shares
WDCWESTERN DIGITAL CORP	106,571	$8.07M	shares
HOLXHOLOGIC INC	106,000	$7.87M	call
ETSYETSY INC	129,000	$7.61M	call
WENWENDYS CO	400,000	$6.78M	put
GMGENERAL MTRS CO	135,000	$6.27M	shares
CAGCONAGRA BRANDS INC	200,000	$5.68M	put
TRMBTRIMBLE INC	99,745	$5.58M	shares
LAM RESEARCH CORPLAM RESEARCH CORP	5,110	$5.44M	shares
WWAYFAIR INC	100,000	$5.27M	put
ADIANALOG DEVICES INC	22,000	$5.02M	shares
KHCKRAFT HEINZ CO	150,000	$4.83M	put
TERTERADYNE INC	31,900	$4.73M	shares
MSFTMICROSOFT CORP	10,091	$4.51M	shares
INFYINFOSYS LTD	200,000	$3.72M	put
IJRISHARES TR	32,000	$3.41M	shares
FORFORESTAR GROUP INC	102,840	$3.29M	shares
CBCHUBB LIMITED	11,700	$2.98M	shares
SNPSSYNOPSYS INC	4,230	$2.52M	shares
NXPINXP SEMICONDUCTORS N V	7,960	$2.14M	shares
ESTCELASTIC N V	18,000	$2.05M	shares
WHDCACTUS INC	36,740	$1.94M	shares
RSPINVESCO EXCHANGE TRADED FD T	10,000	$1.64M	shares
GAPGAP INC	62,500	$1.49M	shares

How Q3 2024 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 0001140361-24-046883	base		2024-11-14	acceptance time not in the bulk data set	2026-10-07 18:26:56 UTC