# EDGAR Filing Document

**Accession Number:** 0001000742
**File Stem:** 0001140361-25-031254
**Filing Date:** 2025-8
**Character Count:** 17777
**Document Hash:** d9cdc11db9bd6ec83b30e1bff843eed3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-031254.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001140361-25-031254

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**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:** 251219902

**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:** 06-30-2025

**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  08-14-2025<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:** 147

**Form 13F Information Table Value Total:** $369646910

      (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 |  | 3793608 | 28631 | SH |  | SOLE |  | 28631 | 0 | 0 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 3739905 | 31965 | SH |  | SOLE |  | 31965 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COM | 00846U101 |  | 1869042 | 15838 | SH |  | SOLE |  | 15838 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 2406074 | 18181 | SH |  | SOLE |  | 18181 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1397301 | 7877 | SH |  | SOLE |  | 7877 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 3506949 | 15985 | SH |  | SOLE |  | 15985 | 0 | 0 |
| AMERICAN AIRLS GROUP INC | COM | 02376R102 |  | 613521 | 54681 | SH |  | SOLE |  | 54681 | 0 | 0 |
| ARCHROCK INC | COM | 03957W106 |  | 1828506 | 73641 | SH |  | SOLE |  | 73641 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 209640 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 223850 | 1100 | SH |  | SOLE |  | 1100 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 381680 | 461 | SH |  | SOLE |  | 461 | 0 | 0 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 2433585 | 47300 | SH | Call | SOLE |  | 47300 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 5563124 | 5302 | SH |  | SOLE |  | 5302 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 1689207 | 11293 | SH |  | SOLE |  | 11293 | 0 | 0 |
| BOEING CO | DEP CONV PFD A | 097023204 |  | 204000 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 1709430 | 15915 | SH |  | SOLE |  | 15915 | 0 | 0 |
| BRINKER INTL INC | COM | 109641100 |  | 1508641 | 8366 | SH |  | SOLE |  | 8366 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 234303 | 850 | SH |  | SOLE |  | 850 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 3549085 | 47812 | SH |  | SOLE |  | 47812 | 0 | 0 |
| CBOE GLOBAL MKTS INC | COM | 12503M108 |  | 2425850 | 10402 | SH |  | SOLE |  | 10402 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 1518621 | 10838 | SH |  | SOLE |  | 10838 | 0 | 0 |
| CERTARA INC | COM | 15687V109 |  | 1731904 | 148026 | SH |  | SOLE |  | 148026 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 2523354 | 10362 | SH |  | SOLE |  | 10362 | 0 | 0 |
| CLEAN HARBORS INC | COM | 184496107 |  | 3929366 | 16997 | SH |  | SOLE |  | 16997 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 2874393 | 14678 | SH |  | SOLE |  | 14678 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 2595387 | 29093 | SH |  | SOLE |  | 29093 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 1962744 | 5600 | SH | Put | SOLE |  | 5600 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 1548925 | 4799 | SH |  | SOLE |  | 4799 | 0 | 0 |
| CORE NATURAL RESOURCES INC | COM SHS | 218937100 |  | 261525 | 3750 | SH |  | SOLE |  | 3750 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 2920182 | 171071 | SH |  | SOLE |  | 171071 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 9405669 | 178849 | SH |  | SOLE |  | 178849 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 1782848 | 19421 | SH |  | SOLE |  | 19421 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 205460 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 746373 | 2279 | SH |  | SOLE |  | 2279 | 0 | 0 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 3278171 | 6710 | SH |  | SOLE |  | 6710 | 0 | 0 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 |  | 2944591 | 7237 | SH |  | SOLE |  | 7237 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 2460523 | 18317 | SH |  | SOLE |  | 18317 | 0 | 0 |
| EASTGROUP PPTYS INC | COM | 277276101 |  | 3641378 | 21789 | SH |  | SOLE |  | 21789 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 3072613 | 8607 | SH |  | SOLE |  | 8607 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 6293583 | 84523 | SH |  | SOLE |  | 84523 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 2202952 | 2826 | SH |  | SOLE |  | 2826 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 241950 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 1108080 | 19000 | SH |  | SOLE |  | 19000 | 0 | 0 |
| EVERCORE INC | CLASS A | 29977A105 |  | 1242092 | 4600 | SH |  | SOLE |  | 4600 | 0 | 0 |
| FAIR ISAAC CORP | COM | 303250104 |  | 447850 | 245 | SH |  | SOLE |  | 245 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 622902 | 14831 | SH |  | SOLE |  | 14831 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 3961655 | 48663 | SH |  | SOLE |  | 48663 | 0 | 0 |
| FISERV INC | COM | 337738108 |  | 293097 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| FLOWERS FOODS INC | COM | 343498101 |  | 1161746 | 72700 | SH | Put | SOLE |  | 72700 | 0 | 0 |
| FOX CORP | CL A COM | 35137L105 |  | 1903399 | 33965 | SH |  | SOLE |  | 33965 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 1950750 | 45000 | SH |  | SOLE |  | 45000 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 2167500 | 50000 | SH | Call | SOLE |  | 50000 | 0 | 0 |
| GAMING  LEISURE PPTYS INC | COM | 36467J108 |  | 221730 | 4750 | SH |  | SOLE |  | 4750 | 0 | 0 |
| GAP INC | COM | 364760108 |  | 1309123 | 60024 | SH |  | SOLE |  | 60024 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 1269960 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| GODADDY INC | CL A | 380237107 |  | 1006175 | 5588 | SH |  | SOLE |  | 5588 | 0 | 0 |
| GOGO INC | COM | 38046C109 |  | 17003844 | 1158300 | SH | Put | SOLE |  | 1158300 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 3222386 | 4553 | SH |  | SOLE |  | 4553 | 0 | 0 |
| GRANITE CONSTR INC | COM | 387328107 |  | 4768729 | 50997 | SH |  | SOLE |  | 50997 | 0 | 0 |
| GROUPON INC | COM NEW | 399473206 |  | 1271067 | 37999 | SH |  | SOLE |  | 37999 | 0 | 0 |
| HEICO CORP NEW | COM | 422806109 |  | 1178832 | 3594 | SH |  | SOLE |  | 3594 | 0 | 0 |
| HINGE HEALTH INC | CL A | 433313103 |  | 2691000 | 52000 | SH |  | SOLE |  | 52000 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 6978766 | 107102 | SH |  | SOLE |  | 107102 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 2282224 | 9800 | SH |  | SOLE |  | 9800 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 2289546 | 5606 | SH |  | SOLE |  | 5606 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 609492 | 13015 | SH |  | SOLE |  | 13015 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 2473602 | 4552 | SH |  | SOLE |  | 4552 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 3100946 | 14218 | SH |  | SOLE |  | 14218 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 3812839 | 182171 | SH |  | SOLE |  | 182171 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 4894334 | 29869 | SH |  | SOLE |  | 29869 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 1807400 | 70000 | SH | Put | SOLE |  | 70000 | 0 | 0 |
| KRATOS DEFENSE  SEC SOLUTIO | COM NEW | 50077B207 |  | 2183150 | 47000 | SH |  | SOLE |  | 47000 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 2318960 | 28700 | SH | Put | SOLE |  | 28700 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM LBTY ONE S C | 531229755 |  | 564927 | 5406 | SH |  | SOLE |  | 5406 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | NOTE 2.250% 8/1 | 531229AQ5 |  | 199350 | 150000 | PRN |  | SOLE |  | 150000 | 0 | 0 |
| LINDSAY CORP | COM | 535555106 |  | 1002682 | 6951 | SH |  | SOLE |  | 6951 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 3201690 | 21164 | SH |  | SOLE |  | 21164 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 5279672 | 34900 | SH | Put | SOLE |  | 34900 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | NOTE 3.125% 1/1 | 538034BA6 |  | 192000 | 125000 | PRN |  | SOLE |  | 125000 | 0 | 0 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 4728094 | 49738 | SH |  | SOLE |  | 49738 | 0 | 0 |
| MADISON SQUARE GARDEN ENTMT | COM CL A | 558256103 |  | 1849971 | 46284 | SH |  | SOLE |  | 46284 | 0 | 0 |
| MADISON SQUARE GRDN SPRT COR | CL A | 55825T103 |  | 3738324 | 17891 | SH |  | SOLE |  | 17891 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 6887856 | 9332 | SH |  | SOLE |  | 9332 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 7380900 | 10000 | SH | Call | SOLE |  | 10000 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 3024750 | 6081 | SH |  | SOLE |  | 6081 | 0 | 0 |
| MIRION TECHNOLOGIES INC | COM CL A | 60471A101 |  | 1923835 | 89356 | SH |  | SOLE |  | 89356 | 0 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 1164450 | 35000 | SH | Call | SOLE |  | 35000 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 2474712 | 1848 | SH |  | SOLE |  | 1848 | 0 | 0 |
| NEXTRACKER INC | CLASS A COM | 65290E101 |  | 1059726 | 19491 | SH |  | SOLE |  | 19491 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 849966 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 1252524 | 7800 | SH |  | SOLE |  | 7800 | 0 | 0 |
| NUTANIX INC | CL A | 67059N108 |  | 1796340 | 23500 | SH |  | SOLE |  | 23500 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 2615840 | 16557 | SH |  | SOLE |  | 16557 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 6303801 | 39900 | SH | Call | SOLE |  | 39900 | 0 | 0 |
| OKLO INC | COM CL A | 02156V109 |  | 1590116 | 28400 | SH | Put | SOLE |  | 28400 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 3428971 | 34300 | SH | Call | SOLE |  | 34300 | 0 | 0 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 703248 | 13511 | SH |  | SOLE |  | 13511 | 0 | 0 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 209640 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1421095 | 6500 | SH |  | SOLE |  | 6500 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 1758804 | 9333 | SH |  | SOLE |  | 9333 | 0 | 0 |
| PEDIATRIX MEDICAL GROUP INC | COM | 58502B106 |  | 1002118 | 69834 | SH |  | SOLE |  | 69834 | 0 | 0 |
| PELOTON INTERACTIVE INC | CL A COM | 70614W100 |  | 1614938 | 232700 | SH | Call | SOLE |  | 232700 | 0 | 0 |
| PROCEPT BIOROBOTICS CORP | COM | 74276L105 |  | 1458432 | 25320 | SH |  | SOLE |  | 25320 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 2430480 | 23121 | SH |  | SOLE |  | 23121 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 254816 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 4152873 | 15141 | SH |  | SOLE |  | 15141 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 4908582 | 32600 | SH | Put | SOLE |  | 32600 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 1794700 | 19168 | SH |  | SOLE |  | 19168 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 2200626 | 6625 | SH |  | SOLE |  | 6625 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 4395640 | 30103 | SH |  | SOLE |  | 30103 | 0 | 0 |
| RUBRIK INC. | CL A | 781154109 |  | 1294217 | 14446 | SH |  | SOLE |  | 14446 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 210916 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| SENSIENT TECHNOLOGIES CORP | COM | 81725T100 |  | 3448003 | 34998 | SH |  | SOLE |  | 34998 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 1106214 | 1076 | SH |  | SOLE |  | 1076 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 1776888 | 5175 | SH |  | SOLE |  | 5175 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 3754296 | 32547 | SH |  | SOLE |  | 32547 | 0 | 0 |
| SNOWFLAKE INC | CL A | 833445109 |  | 3846606 | 17190 | SH |  | SOLE |  | 17190 | 0 | 0 |
| SPDR SERIES TRUST | S SEMICNDCTR | 78464A862 |  | 2308590 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| SPHERE ENTERTAINMENT CO | CL A | 55826T102 |  | 2927672 | 70040 | SH |  | SOLE |  | 70040 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 2805395 | 3656 | SH |  | SOLE |  | 3656 | 0 | 0 |
| SPX TECHNOLOGIES INC | COM | 78473E103 |  | 1902665 | 11347 | SH |  | SOLE |  | 11347 | 0 | 0 |
| STAG INDL INC | COM | 85254J102 |  | 228564 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 900038 | 7031 | SH |  | SOLE |  | 7031 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 2327887 | 5884 | SH |  | SOLE |  | 5884 | 0 | 0 |
| SYMBOTIC INC | CLASS A COM | 87151X101 |  | 1359750 | 35000 | SH | Call | SOLE |  | 35000 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 1743973 | 7700 | SH |  | SOLE |  | 7700 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 3865496 | 13294 | SH |  | SOLE |  | 13294 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 222090 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 3712198 | 7246 | SH |  | SOLE |  | 7246 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 7038318 | 33900 | SH | Call | SOLE |  | 33900 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 739458 | 5988 | SH |  | SOLE |  | 5988 | 0 | 0 |
| TKO GROUP HOLDINGS INC | CL A | 87256C101 |  | 7312389 | 40189 | SH |  | SOLE |  | 40189 | 0 | 0 |
| TRIMBLE INC | COM | 896239100 |  | 4437384 | 58402 | SH |  | SOLE |  | 58402 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 637040 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 2978162 | 37400 | SH | Call | SOLE |  | 37400 | 0 | 0 |
| UNITED PARKS  RESORTS INC | COM | 81282V100 |  | 4592410 | 97400 | SH | Put | SOLE |  | 97400 | 0 | 0 |
| UPSTART HLDGS INC | COM | 91680M107 |  | 3234000 | 50000 | SH | Put | SOLE |  | 50000 | 0 | 0 |
| VALMONT INDS INC | COM | 920253101 |  | 6840335 | 20946 | SH |  | SOLE |  | 20946 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 2580484 | 25562 | SH |  | SOLE |  | 25562 | 0 | 0 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 5104862 | 16388 | SH |  | SOLE |  | 16388 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 1972763 | 15363 | SH |  | SOLE |  | 15363 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 4999329 | 25795 | SH |  | SOLE |  | 25795 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 1737322 | 6661 | SH |  | SOLE |  | 6661 | 0 | 0 |
| WESCO INTL INC | COM | 95082P105 |  | 1298622 | 7012 | SH |  | SOLE |  | 7012 | 0 | 0 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 239963 | 3750 | SH |  | SOLE |  | 3750 | 0 | 0 |
| WK KELLOGG CO | COM SHS | 92942W107 |  | 1482420 | 93000 | SH | Put | SOLE |  | 93000 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 2880713 | 9176 | SH |  | SOLE |  | 9176 | 0 | 0 |

---