0000898432-11-000664.txt : 20110516 0000898432-11-000664.hdr.sgml : 20110516 20110516145859 ACCESSION NUMBER: 0000898432-11-000664 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110516 DATE AS OF CHANGE: 20110516 EFFECTIVENESS DATE: 20110516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SANDLER CAPITAL MANAGEMENT CENTRAL INDEX KEY: 0001000742 IRS NUMBER: 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: 11845951 BUSINESS ADDRESS: STREET 1: 711 FIFTH AVENUE STREET 2: 15TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127548100 MAIL ADDRESS: STREET 1: 711 FIFTH AVENUE STREET 2: 15TH FL CITY: NEW YORK STATE: NY ZIP: 10022 13F-HR 1 a13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2011 ------------------- 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 ------------------------------------------ 711 Fifth Avenue, 15th Floor ------------------------------------------ New York, NY 10022 ------------------------------------------ Form 13F File Number: 28- 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 ------------------------------------------ Title: Managing Director ------------------------------------------ Phone: (212) 754-8100 ------------------------------------------ Signature, Place, and Date of Signing: /s/ Andrew Sandler New York, NY May 16, 2011 ------------------------ ------------------ ------------------ [Signature] [City, State] [Date] [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 reported are 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).) 1 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ---------------- Form 13F Information Table Entry Total: 154 ---------------- Form 13F Information Table Value Total: 1,004,886 ---------------- (thousands) 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. NONE 2
Value x Shares SH/ Put/ Investment Other Voting Authority Issuer Type Cusip 1000 Prn Amt PRN Call Discretion Managers Sole Shared None ACME PACKET INC COM 004764 10 6 2364 33320 SH Sole 0 33320 0 0 AGILENT TECHNOLOGIES INC COM 00846U 10 1 7073 157940 SH Sole 0 157940 0 0 ALCATEL-LUCENT SPONSORED ADR 013904 30 5 8776 1510500 SH Sole 0 1510500 0 0 ALLERGAN INC COM 018490 10 2 7081 99700 SH CALL Sole 0 99700 0 0 ALTERA CORP COM 021441 10 0 4107 93300 SH Sole 0 93300 0 0 AMERISOURCEBERGEN CORP COM 03073E 10 5 6057 153100 SH Sole 0 153100 0 0 ANADARKO PETE CORP COM 032511 10 7 4094 49980 SH Sole 0 49980 0 0 ANSYS INC COM 03662Q 10 5 8711 160741 SH Sole 0 160741 0 0 AON CORP COM 037389 10 3 5692 107480 SH Sole 0 107480 0 0 APACHE CORP COM 037411 10 5 4369 33370 SH Sole 0 33370 0 0 APPLE INC COM 037833 10 0 9035 25924 SH Sole 0 25924 0 0 ARUBA NETWORKS INC COM 043176 10 6 3178 93900 SH Sole 0 93900 0 0 AVON PRODS INC COM 054303 10 2 4451 164600 SH PUT Sole 0 164600 0 0 BAIDU INC SPON ADR REP A 056752 10 8 3113 22590 SH Sole 0 22590 0 0 BED BATH & BEYOND INC COM 075896 10 0 10800 223749 SH Sole 0 223749 0 0 BJS WHOLESALE CLUB INC COM 05548J 10 6 3937 80640 SH Sole 0 80640 0 0 BUCKEYE TECHNOLOGIES INC COM 118255 10 8 2834 104090 SH Sole 0 104090 0 0 BUNGE LIMITED COM G16962 10 5 4788 66200 SH PUT Sole 0 66200 0 0 CABLEVISION SYS CORP CL A NY CABLVS 12686C 10 9 22380 646623 SH Sole 0 646623 0 0 CABOT OIL & GAS CORP COM 127097 10 3 3200 60420 SH Sole 0 60420 0 0 CANADIAN NAT RES LTD COM 136385 10 1 3320 67160 SH Sole 0 67160 0 0 CAPITAL ONE FINL CORP COM 14040H 10 5 6170 118750 SH Sole 0 118750 0 0 CARBO CERAMICS INC COM 140781 10 5 8887 62976 SH Sole 0 62976 0 0 CHIPOTLE MEXICAN GRILL INC COM 169656 10 5 4581 16820 SH Sole 0 16820 0 0 CIRCOR INTL INC COM 17273K 10 9 4262 90650 SH Sole 0 90650 0 0 CLEAN HARBORS INC COM 184496 10 7 19349 196119 SH Sole 0 196119 0 0 CLIFFS NATURAL RESOURCES INC COM 18683K 10 1 6848 69680 SH Sole 0 69680 0 0 COCA COLA CO COM 191216 10 0 13289 200320 SH Sole 0 200320 0 0 COMSCORE INC COM 20564W 10 5 9324 316066 SH Sole 0 316066 0 0 CONOCOPHILLIPS COM 20825C 10 4 4263 53380 SH Sole 0 53380 0 0 CORE LABORATORIES N V COM N22717 10 7 12586 123188 SH Sole 0 123188 0 0 DANAHER CORP DEL COM 235851 10 2 5808 111914 SH Sole 0 111914 0 0 DECKERS OUTDOOR CORP COM 243537 10 7 8040 93320 SH Sole 0 93320 0 0 DEERE & CO COM 244199 10 5 6536 67460 SH Sole 0 67460 0 0 DEMANDTEC INC COM 24802R 50 6 8935 678973 SH Sole 0 678973 0 0 DENTSPLY INTL INC NEW COM 249030 10 7 7762 209830 SH Sole 0 209830 0 0 DIONEX CORP COM 254546 10 4 12390 104953 SH Sole 0 104953 0 0 DIRECTV COM CL A 25490A 10 1 6238 133300 SH CALL Sole 0 133300 0 0 DISCOVERY COMMUNICATNS NEW COM SER C 25470F 30 2 7328 208115 SH Sole 0 208115 0 0 DOMINOS PIZZA INC COM 25754A 20 1 9597 520750 SH Sole 0 520750 0 0 DOVER CORP COM 260003 10 8 4386 66720 SH Sole 0 66720 0 0 ENSCO PLC SPONSORED ADR 29358Q 10 9 5997 103690 SH Sole 0 103690 0 0 EQUIFAX INC COM 294429 10 5 5948 153100 SH Sole 0 153100 0 0 FIRST SOLAR INC COM 336433 10 7 5367 33370 SH Sole 0 33370 0 0 FORTINET INC COM 34959E 10 9 3461 78400 SH Sole 0 78400 0 0 FOSSIL INC COM 349882 10 0 2528 26990 SH Sole 0 26990 0 0 GAMESTOP CORP NEW CL A 36467W 10 9 5966 264900 SH PUT Sole 0 264900 0 0 GENERAL MLS INC COM 370334 10 4 5285 144600 SH CALL Sole 0 144600 0 0 GILDAN ACTIVEWEAR INC COM 375916 10 3 4402 134330 SH Sole 0 134330 0 0 GLOBE SPECIALTY METALS INC COM 37954N 20 6 4176 183500 SH Sole 0 183500 0 0 GOOGLE INC CL A 38259P 50 8 12510 21320 SH Sole 0 21320 0 0 GREEN MTN COFFEE ROASTERS IN COM 393122 10 6 7931 122750 SH Sole 0 122750 0 0 HANSEN NAT CORP COM 411310 10 5 2830 46990 SH Sole 0 46990 0 0 HARMAN INTL INDS INC COM 413086 10 9 4066 86837 SH Sole 0 86837 0 0 HEARTLAND EXPRESS INC COM 422347 10 4 4004 228250 SH Sole 0 228250 0 0 HELEN OF TROY CORP LTD COM G4388N 10 6 14311 486770 SH Sole 0 486770 0 0 HELMERICH & PAYNE INC COM 423452 10 1 15711 228726 SH Sole 0 228726 0 0 HUNT J B TRANS SVCS INC COM 445658 10 7 6107 134466 SH Sole 0 134466 0 0 IHS INC CL A 451734 10 7 2957 33320 SH Sole 0 33320 0 0 INFORMATICA CORP COM 45666Q 10 2 3478 66640 SH Sole 0 66640 0 0 INTERNATIONAL FLAVORS&FRAGRA COM 459506 10 1 6249 100300 SH PUT Sole 0 100300 0 0 INTUIT COM 461202 10 3 4488 84510 SH Sole 0 84510 0 0 IPG PHOTONICS CORP COM 44980X 10 9 3924 68030 SH Sole 0 68030 0 0 ISHARES TR DJ MED DEVICES 464288 81 0 4254 66210 SH Sole 0 66210 0 0 ISHARES TR DJ OIL&GAS EXP 464288 85 1 16702 224200 SH Sole 0 224200 0 0 ISHARES TR RUSSELL 2000 464287 65 5 42119 500400 SH PUT Sole 0 500400 0 0 ISHARES SILVER TRUST ISHARES 46428Q 10 9 4166 113290 SH Sole 0 113290 0 0 JARDEN CORP COM 471109 10 8 4258 119710 SH Sole 0 119710 0 0 JDS UNIPHASE CORP COM PAR $0.001 46612J 50 7 4632 222280 SH Sole 0 222280 0 0 JOY GLOBAL INC COM 481165 10 8 9548 96630 SH Sole 0 96630 0 0 JPMORGAN CHASE & CO COM 46625H 10 0 5530 119950 SH Sole 0 119950 0 0 JUNIPER NETWORKS INC COM 48203R 10 4 1069 25400 SH Sole 0 25400 0 0 KANSAS CITY SOUTHERN COM NEW 485170 30 2 7940 145815 SH Sole 0 145815 0 0 LAS VEGAS SANDS CORP COM 517834 10 7 5628 133300 SH CALL Sole 0 133300 0 0 LIBERTY MEDIA CORP NEW LIB STAR COM A 53071M 70 8 4174 53790 SH Sole 0 53790 0 0 LIMITED BRANDS INC COM 532716 10 7 6622 201400 SH Sole 0 201400 0 0 LINCOLN ELEC HLDGS INC COM 533900 10 6 4378 57670 SH Sole 0 57670 0 0 LORAL SPACE & COMMUNICATNS I COM 543881 10 6 1846 23806 SH Sole 0 23806 0 0 LUFKIN INDS INC COM 549764 10 8 7863 84120 SH Sole 0 84120 0 0 MACYS INC COM 55616P 10 4 8144 335700 SH CALL Sole 0 335700 0 0 MADISON SQUARE GARDEN INC CL A 55826P 10 0 8835 327326 SH Sole 0 327326 0 0 MARKET VECTORS ETF TR COAL ETF 57060U 83 7 4225 83300 SH Sole 0 83300 0 0 MASTERCARD INC CL A 57636Q 10 4 13656 54250 SH Sole 0 54250 0 0 MEAD JOHNSON NUTRITION CO COM 582839 10 6 12409 214200 SH CALL Sole 0 214200 0 0 MELLANOX TECHNOLOGIE S LTD COM M51363 11 3 1719 68140 SH Sole 0 68140 0 0 MICROSTRATEGY INC CL A NEW 594972 40 8 676 5030 SH Sole 0 5030 0 0 MOHAWK INDS INC COM 608190 10 4 2683 43870 SH Sole 0 43870 0 0 MOLYCORP INC DEL COM 608753 10 9 7027 117082 SH Sole 0 117082 0 0 MOLYCORP INC DEL COM 608753 10 9 8001 133300 SH CALL Sole 0 133300 0 0 NATIONAL INSTRS CORP COM 636518 10 2 4341 132455 SH Sole 0 132455 0 0 NATIONAL TECHNICAL SYS INC COM 638104 10 9 4009 560716 SH Sole 0 560716 0 0 NATIONAL OILWELL VARCO INC COM 637071 10 1 4105 51781 SH Sole 0 51781 0 0 NEOGEN CORP COM 640491 10 6 5752 139010 SH Sole 0 139010 0 0 NETAPP INC COM 64110D 10 4 4011 83300 SH Sole 0 83300 0 0 NETLOGIC MICROSYSTEMS INC COM 64118B 10 0 4907 116770 SH Sole 0 116770 0 0 NORTH AMERN ENERGY PARTNERS COM 656844 10 7 2898 235075 SH Sole 0 235075 0 0 NXP SEMICONDUCTORS N V COM N6596X 10 9 11075 369596 SH Sole 0 369596 0 0 OIL STS INTL INC COM 678026 10 5 9859 129479 SH Sole 0 129479 0 0 OMNIVISION TECHNOLOGIES INC COM 682128 10 3 3315 93300 SH Sole 0 93300 0 0 ORACLE CORP COM 68389X 10 5 8237 246380 SH Sole 0 246380 0 0 ORIENT-EXPRESS HOTELS LTD CL A G67743 10 7 1226 99100 SH Sole 0 99100 0 0 OSI SYSTEMS INC COM 671044 10 5 3570 95128 SH Sole 0 95128 0 0 PALL CORP COM 696429 30 7 4783 83030 SH Sole 0 83030 0 0 POWERSHS DB US DOLLAR INDEX DOLL INDX BULL 73936D 10 7 10044 460947 SH Sole 0 460947 0 0 POWERSHARES QQQ TRUST UNIT SER 1 73935A 10 4 4790 83400 SH PUT Sole 0 83400 0 0 QUALCOMM INC COM 747525 10 3 6258 114130 SH Sole 0 114130 0 0 RANGE RES CORP COM 75281A 10 9 3924 67130 SH Sole 0 67130 0 0 RESEARCH IN MOTION LTD COM 760975 10 2 3768 66640 SH Sole 0 66640 0 0 RESEARCH IN MOTION LTD COM 760975 10 2 5654 100000 SH PUT Sole 0 100000 0 0 RETAIL VENTURES INC COM 76128Y 10 2 13901 805876 SH Sole 0 805876 0 0 RIVERBED TECHNOLOGY INC COM 768573 10 7 11900 316080 SH Sole 0 316080 0 0 ROBBINS & MYERS INC COM 770196 10 3 8281 180058 SH Sole 0 180058 0 0 ROCKWELL AUTOMATION INC COM 773903 10 9 5374 56780 SH Sole 0 56780 0 0 ROCKWELL COLLINS INC COM 774341 10 1 6646 102520 SH Sole 0 102520 0 0 ROCKWOOD HLDGS INC COM 774415 10 3 3129 63570 SH Sole 0 63570 0 0 ROSS STORES INC COM 778296 10 3 5773 81166 SH Sole 0 81166 0 0 ROSS STORES INC COM 778296 10 3 4744 66700 SH CALL Sole 0 66700 0 0 SAVVIS INC COM NEW 805423 30 8 6536 176222 SH Sole 0 176222 0 0 SCRIPPS NETWORKS INTERACT IN CL A COM 811065 10 1 8090 161508 SH Sole 0 161508 0 0 SEARS HLDGS CORP COM 812350 10 6 19307 233600 SH PUT Sole 0 233600 0 0 SERVICE CORP INTL COM 817565 10 4 4164 376490 SH Sole 0 376490 0 0 SHUTTERFLY INC COM 82568P 30 4 4921 93990 SH Sole 0 93990 0 0 SILICON GRAPHICS INTL CORP COM 82706L 10 8 4912 229512 SH Sole 0 229512 0 0 SONIC AUTOMOTIVE INC CL A 83545G 10 2 2304 164470 SH Sole 0 164470 0 0 SONUS NETWORKS INC COM 835916 10 7 2756 733050 SH Sole 0 733050 0 0 SOTHEBYS COM 835898 10 7 3001 57060 SH Sole 0 57060 0 0 SOUTHWESTERN ENERGY CO COM 845467 10 9 10033 233490 SH Sole 0 233490 0 0 SPDR GOLD TRUST GOLD SHS 78463V 10 7 6122 43770 SH Sole 0 43770 0 0 SPDR SERIES TRUST S&P BIOTECH 78464A 87 0 11879 177910 SH Sole 0 177910 0 0 STARBUCKS CORP COM 855244 10 9 6895 186590 SH Sole 0 186590 0 0 STRATEGIC HOTELS & RESORTS I COM 86272T 10 6 1638 253940 SH Sole 0 253940 0 0 SUCCESSFACTORS INC COM 864596 10 1 5074 129811 SH Sole 0 129811 0 0 SUNCOR ENERGY INC NEW COM 867224 10 7 7620 169930 SH Sole 0 169930 0 0 SUNCOR ENERGY INC NEW COM 867224 10 7 3000 66900 SH CALL Sole 0 66900 0 0 SXC HEALTH SOLUTIONS CORP COM 78505P 10 0 5990 109300 SH Sole 0 109300 0 0 TANGER FACTORY OUTLET CTRS I COM 875465 10 6 11106 423234 SH Sole 0 423234 0 0 TERADATA CORP DEL COM 88076W 10 3 4054 79970 SH Sole 0 79970 0 0 TERADYNE INC COM 880770 10 2 4633 260110 SH Sole 0 260110 0 0 THOMAS & BETTS CORP COM 884315 10 2 3243 54540 SH Sole 0 54540 0 0 TIMKEN CO COM 887389 10 4 5495 105067 SH Sole 0 105067 0 0 TRAVELERS COMPANIES INC COM 89417E 10 9 3993 67130 SH Sole 0 67130 0 0 TRUE RELIGION APPAREL INC COM 89784N 10 4 7372 314100 SH PUT Sole 0 314100 0 0 ULTA SALON COSMETCS & FRAG I COM 90384S 30 3 3003 62400 SH Sole 0 62400 0 0 UNITED PARCEL SERVICE INC CL B 911312 10 6 8083 108756 SH Sole 0 108756 0 0 USANA HEALTH SCIENCES INC COM 90328M 10 7 1181 34230 SH Sole 0 34230 0 0 VAIL RESORTS INC COM 91879Q 10 9 9481 194437 SH Sole 0 194437 0 0 VALMONT INDS INC COM 920253 10 1 3504 33570 SH Sole 0 33570 0 0 VIACOM INC NEWCL B COM 92553P 20 1 6464 138949 SH Sole 0 138949 0 0 VMWARE INC CL A COM 928563 40 2 5439 66700 SH PUT Sole 0 66700 0 0 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W 20 9 5197 180760 SH Sole 0 180760 0 0 WALTER ENERGY INC COM 93317Q 10 5 5474 40421 SH Sole 0 40421 0 0 WESTPORT INNOVATIONS INC COM NEW 960908309 3320 151050 SH Sole 0 151050 0 0 WHIRLPOOL CORP COM 963320 10 6 5711 66900 SH PUT Sole 0 66900 0 0 WOLVERINE WORLD WIDE INC COM 978097 10 3 1878 50380 SH Sole 0 50380 0 0