# EDGAR Filing Document

**Accession Number:** 0001000742
**File Stem:** 0001140361-26-021674
**Filing Date:** 2026-5
**Character Count:** 15132
**Document Hash:** 74f77817a8024b25d3ac195d4d39f70c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-26-021674.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001140361-26-021674

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SANDLER CAPITAL MANAGEMENT
- **CENTRAL INDEX KEY:** 0001000742

**ORGANIZATION NAME:**
- **EIN:** 112792496
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06285
- **FILM NUMBER:** 26988469

**BUSINESS ADDRESS:**
- **STREET 1:** 711 FIFTH AVENUE
- **STREET 2:** SUITE 500
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 2127548100

**MAIL ADDRESS:**
- **STREET 1:** 711 FIFTH AVENUE
- **STREET 2:** SUITE 500
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** SANDLER CAPITAL MANAGEMENT<br>**Address:** 711 FIFTH AVENUE<br>SUITE 500<br>NEW YORK, NY 10022

**Form 13F File Number:** 028-06285

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Andrew Sandler<br>**Title:** Managing Director<br>**Phone:** 212-754-8100

**Signature, Place, and Date of Signing:**

/s/ Andrew Sandler  NEW YORK, NY  05-15-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 120

**Form 13F Information Table Value Total:** $193142605

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ADVANCED ENERGY INDS | COM | 007973100 |  | 806775 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 803549 | 3950 | SH |  | SOLE |  | 3950 | 0 | 0 |
| AEHR TEST SYS | COM | 00760J108 |  | 1031084 | 27807 | SH |  | SOLE |  | 27807 | 0 | 0 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 693445 | 5055 | SH |  | SOLE |  | 5055 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 1241584 | 10893 | SH |  | SOLE |  | 10893 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 450441 | 3567 | SH |  | SOLE |  | 3567 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 601545 | 2097 | SH |  | SOLE |  | 2097 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1605137 | 7707 | SH |  | SOLE |  | 7707 | 0 | 0 |
| AMETEK INC | COM | 031100100 |  | 2198905 | 10258 | SH |  | SOLE |  | 10258 | 0 | 0 |
| AMPHENOL CORP | CL A | 032095101 |  | 897085 | 7100 | SH |  | SOLE |  | 7100 | 0 | 0 |
| AMRIZE LTD | SHS | H2927K103 |  | 1053512 | 18806 | SH |  | SOLE |  | 18806 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 2334511 | 7338 | SH |  | SOLE |  | 7338 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 2461763 | 9700 | SH | Call | SOLE |  | 9700 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 2454750 | 22500 | SH | Put | SOLE |  | 22500 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 2728344 | 15800 | SH | Call | SOLE |  | 15800 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 310024 | 730 | SH |  | SOLE |  | 730 | 0 | 0 |
| BHP BILLITON LIMITED | SPONSORED ADS | 088606108 |  | 859059 | 11810 | SH |  | SOLE |  | 11810 | 0 | 0 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 937335 | 17936 | SH |  | SOLE |  | 17936 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 3610800 | 60000 | SH | Put | SOLE |  | 60000 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 415006 | 3063 | SH |  | SOLE |  | 3063 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 1691755 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| CANTOR EQUITY PARTNERS II IN | CL A ORD SHS | G1827P106 |  | 1317690 | 121000 | SH |  | SOLE |  | 121000 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 683664 | 965 | SH |  | SOLE |  | 965 | 0 | 0 |
| CAVA GROUP INC | COM | 148929102 |  | 740235 | 9150 | SH |  | SOLE |  | 9150 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 1177121 | 4188 | SH |  | SOLE |  | 4188 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 528159 | 3899 | SH |  | SOLE |  | 3899 | 0 | 0 |
| CENTRUS ENERGY CORP | CL A | 15643U104 |  | 337112 | 1942 | SH |  | SOLE |  | 1942 | 0 | 0 |
| CHIME FINL INC | COM SHS CL A | 16935C109 |  | 1818683 | 97100 | SH | Put | SOLE |  | 97100 | 0 | 0 |
| CLEAN HARBORS INC | COM | 184496107 |  | 3161772 | 11027 | SH |  | SOLE |  | 11027 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 1228548 | 5954 | SH |  | SOLE |  | 5954 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 869705 | 3651 | SH |  | SOLE |  | 3651 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 3788283 | 48900 | SH | Put | SOLE |  | 48900 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 2715321 | 19970 | SH |  | SOLE |  | 19970 | 0 | 0 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 978494 | 982 | SH |  | SOLE |  | 982 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 861143 | 8192 | SH |  | SOLE |  | 8192 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 1026537 | 25007 | SH |  | SOLE |  | 25007 | 0 | 0 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 995797 | 1462 | SH |  | SOLE |  | 1462 | 0 | 0 |
| CUSTOM TRUCK ONE SOURCE INC | COM CL A | 23204X103 |  | 809956 | 123281 | SH |  | SOLE |  | 123281 | 0 | 0 |
| DANAHER CORP DEL | COM | 235851102 |  | 2322600 | 12250 | SH |  | SOLE |  | 12250 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 667901 | 6673 | SH |  | SOLE |  | 6673 | 0 | 0 |
| DYCOM INDS INC | COM | 267475101 |  | 677301 | 1999 | SH |  | SOLE |  | 1999 | 0 | 0 |
| EASTGROUP PPTYS INC | COM | 277276101 |  | 4761070 | 25723 | SH |  | SOLE |  | 25723 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 770064 | 2153 | SH |  | SOLE |  | 2153 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 1105256 | 12143 | SH |  | SOLE |  | 12143 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 1996821 | 2171 | SH |  | SOLE |  | 2171 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 340230 | 2902 | SH |  | SOLE |  | 2902 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 1431150 | 1460 | SH |  | SOLE |  | 1460 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 1674046 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| FLEXTRONICS INTL LTD | ORD | Y2573F102 |  | 1659935 | 25358 | SH |  | SOLE |  | 25358 | 0 | 0 |
| FLOWERS FOODS INC | COM | 343498101 |  | 530565 | 65100 | SH | Put | SOLE |  | 65100 | 0 | 0 |
| FORESTAR GROUP INC | COM | 346232101 |  | 2711985 | 110965 | SH |  | SOLE |  | 110965 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 1078326 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| GOGO INC | COM | 38046C109 |  | 384312 | 95600 | SH | Put | SOLE |  | 95600 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 866486 | 4168 | SH |  | SOLE |  | 4168 | 0 | 0 |
| HINGE HEALTH INC | CL A | 433313103 |  | 1208509 | 31341 | SH |  | SOLE |  | 31341 | 0 | 0 |
| HINGE HEALTH INC | CL A | 433313103 |  | 1866304 | 48400 | SH | Call | SOLE |  | 48400 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 1844744 | 5609 | SH |  | SOLE |  | 5609 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1887351 | 8350 | SH |  | SOLE |  | 8350 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 2133738 | 4348 | SH |  | SOLE |  | 4348 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 1104114 | 1965 | SH |  | SOLE |  | 1965 | 0 | 0 |
| INFLEQTION INC | COM SHS | 45676K103 |  | 596370 | 60792 | SH |  | SOLE |  | 60792 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 1134141 | 25700 | SH | Put | SOLE |  | 25700 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 538698 | 2028 | SH |  | SOLE |  | 2028 | 0 | 0 |
| KARMAN HLDGS INC | COMMON STOCK | 485924104 |  | 676423 | 8450 | SH |  | SOLE |  | 8450 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 9339952 | 33077 | SH |  | SOLE |  | 33077 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 471171 | 320 | SH |  | SOLE |  | 320 | 0 | 0 |
| KRATOS DEFENSE  SEC SOLUTIO | COM NEW | 50077B207 |  | 228241 | 3237 | SH |  | SOLE |  | 3237 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 2279371 | 6604 | SH |  | SOLE |  | 6604 | 0 | 0 |
| LINDE PLC | SHS | G54950103 |  | 1412916 | 2850 | SH |  | SOLE |  | 2850 | 0 | 0 |
| LIONSGATE STUDIOS CORP | COM | 53626N102 |  | 1218889 | 127100 | SH | Call | SOLE |  | 127100 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 2395322 | 15706 | SH |  | SOLE |  | 15706 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1671138 | 2765 | SH |  | SOLE |  | 2765 | 0 | 0 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 527070 | 750 | SH |  | SOLE |  | 750 | 0 | 0 |
| MACOM TECH SOLUTIONS HLDGS I | COM | 55405Y100 |  | 1522734 | 6857 | SH |  | SOLE |  | 6857 | 0 | 0 |
| MADISON SQUARE GARDEN ENTMT | COM CL A | 558256103 |  | 4223611 | 71696 | SH |  | SOLE |  | 71696 | 0 | 0 |
| MADISON SQUARE GRDN SPRT COR | CL A | 55825T103 |  | 5246855 | 16325 | SH |  | SOLE |  | 16325 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 514961 | 5199 | SH |  | SOLE |  | 5199 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 2882355 | 29100 | SH | Call | SOLE |  | 29100 | 0 | 0 |
| MIRION TECHNOLOGIES INC | COM CL A | 60471A101 |  | 352875 | 18982 | SH |  | SOLE |  | 18982 | 0 | 0 |
| MOODYS CORP | COM | 615369105 |  | 1039148 | 2382 | SH |  | SOLE |  | 2382 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 4114250 | 25000 | SH | Put | SOLE |  | 25000 | 0 | 0 |
| NOKIA CORP | SPONSORED ADR | 654902204 |  | 1450561 | 180418 | SH |  | SOLE |  | 180418 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 562848 | 825 | SH |  | SOLE |  | 825 | 0 | 0 |
| NUTANIX INC | CL A | 67059N108 |  | 1094688 | 28800 | SH | Call | SOLE |  | 28800 | 0 | 0 |
| NVENT ELEC PLC | SHS | G6700G107 |  | 1129929 | 9553 | SH |  | SOLE |  | 9553 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1279857 | 8700 | SH | Put | SOLE |  | 8700 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 4411640 | 33376 | SH |  | SOLE |  | 33376 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 2930881 | 14955 | SH |  | SOLE |  | 14955 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 2809710 | 8168 | SH |  | SOLE |  | 8168 | 0 | 0 |
| RBC BEARINGS INC | COM | 75524B104 |  | 1307290 | 2407 | SH |  | SOLE |  | 2407 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 297846 | 2212 | SH |  | SOLE |  | 2212 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 200138 | 2888 | SH |  | SOLE |  | 2888 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 708070 | 1973 | SH |  | SOLE |  | 1973 | 0 | 0 |
| ROKU INC | COM CL A | 77543R102 |  | 2564202 | 27100 | SH | Call | SOLE |  | 27100 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 1875760 | 9724 | SH |  | SOLE |  | 9724 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 1045916 | 7134 | SH |  | SOLE |  | 7134 | 0 | 0 |
| SENSIENT TECHNOLOGIES CORP | COM | 81725T100 |  | 951272 | 11005 | SH |  | SOLE |  | 11005 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 1089881 | 9188 | SH |  | SOLE |  | 9188 | 0 | 0 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 1429200 | 90000 | SH | Put | SOLE |  | 90000 | 0 | 0 |
| SOLSTICE ADVANCED MATLS INC | COM SHS | 83443Q103 |  | 254146 | 3337 | SH |  | SOLE |  | 3337 | 0 | 0 |
| SPHERE ENTERTAINMENT CO | CL A | 55826T102 |  | 1153103 | 9822 | SH |  | SOLE |  | 9822 | 0 | 0 |
| SPX TECHNOLOGIES INC | COM | 78473E103 |  | 858742 | 4295 | SH |  | SOLE |  | 4295 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 1101957 | 12300 | SH |  | SOLE |  | 12300 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 1171440 | 6508 | SH |  | SOLE |  | 6508 | 0 | 0 |
| STMICROELECTRONICS N V | NY REGISTRY | 861012102 |  | 1036500 | 30000 | SH | Call | SOLE |  | 30000 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 |  | 3500148 | 10357 | SH |  | SOLE |  | 10357 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 |  | 8212185 | 24300 | SH | Put | SOLE |  | 24300 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 561845 | 1760 | SH |  | SOLE |  | 1760 | 0 | 0 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 2058849 | 3403 | SH |  | SOLE |  | 3403 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 1637349 | 5523 | SH |  | SOLE |  | 5523 | 0 | 0 |
| TKO GROUP HOLDINGS INC | CL A | 87256C101 |  | 6537291 | 32419 | SH |  | SOLE |  | 32419 | 0 | 0 |
| TOWER SEMICONDUCTOR LTD | SHS NEW | M87915274 |  | 719468 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 1680064 | 25756 | SH |  | SOLE |  | 25756 | 0 | 0 |
| UPSTART HLDGS INC | COM | 91680M107 |  | 1333800 | 52000 | SH | Put | SOLE |  | 52000 | 0 | 0 |
| URANIUM ENERGY CORP | COM | 916896103 |  | 526608 | 39008 | SH |  | SOLE |  | 39008 | 0 | 0 |
| VALMONT INDS INC | COM | 920253101 |  | 856678 | 2144 | SH |  | SOLE |  | 2144 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 879514 | 9947 | SH |  | SOLE |  | 9947 | 0 | 0 |
| VIAVI SOLUTIONS INC | COM | 925550105 |  | 782912 | 23525 | SH |  | SOLE |  | 23525 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 1852083 | 7411 | SH |  | SOLE |  | 7411 | 0 | 0 |
| WOODWARD INC | COM | 980745103 |  | 1654306 | 4622 | SH |  | SOLE |  | 4622 | 0 | 0 |

---