0000898432-12-000207.txt : 20120214 0000898432-12-000207.hdr.sgml : 20120214 20120214135519 ACCESSION NUMBER: 0000898432-12-000207 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120214 DATE AS OF CHANGE: 20120214 EFFECTIVENESS DATE: 20120214 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: 12607451 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 a13f-hr.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: December 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 February 14, 2012 ------------------------- ----------------------- ---------------------- [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: 105 -------------------- Form 13F Information Table Value Total: 1,289,023 -------------------- (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
13F DATA: (12/30/11) SANDLER CAPITAL V2 Issuer Type Cusip Value Shares SH/ Put/ Investment Other Voting Authority x 1000 Prn Amt PRN Call Discretion Managers Sole Shared None ACCURIDE CORP NEW COM NEW 00439T 20 6 456 64000 SH SOLE 0 64000 0 0 AKAMAI TECHNOLOGIES INC COM 00971T 10 1 6860 212500 SH CALL SOLE 0 212500 0 0 ALPHA NATURAL RESOURCES INC COM 02076X 10 2 6129 300000 SH PUT SOLE 0 300000 0 0 AMC NETWORKS INC CL A 00164V 10 3 6075 161655 SH SOLE 0 161655 0 0 ANCESTRY COM INC COM 032803 10 8 5740 250000 SH PUT SOLE 0 250000 0 0 ANNALY CAP MGMT INC COM 035710 40 9 2538 159000 SH SOLE 0 159000 0 0 ANSYS INC COM 03662Q 10 5 17952 313400 SH SOLE 0 313400 0 0 APOLLO GROUP INC CL A 037604 10 5 14491 269000 SH PUT SOLE 0 269000 0 0 AT&T INC COM 00206R 10 2 227 7500 SH SOLE 0 7500 0 0 ATMEL CORP COM 049513 10 4 4050 500000 SH PUT SOLE 0 500000 0 0 BEBE STORES INC COM 075571 10 9 13833 1660669 SH SOLE 0 1660669 0 0 BED BATH & BEYOND INC COM 075896 10 0 12353 213090 SH SOLE 0 213090 0 0 BUFFALO WILD WINGS INC COM 119848 10 9 16580 245600 SH SOLE 0 245600 0 0 BUNGE LIMITED COM G16962 10 5 18447 322500 SH PUT SOLE 0 322500 0 0 CABLEVISION SYS CORP CL A NY CABLVS 12686C 10 9 9195 646623 SH SOLE 0 646623 0 0 CBS CORP NEW CL B 124857 20 2 8821 325000 SH SOLE 0 325000 0 0 CINTAS CORP COM 172908 10 5 12061 346470 SH SOLE 0 346470 0 0 CITIGROUP INC W EXP 01/04/201 172967 22 6 87 300000 SH SOLE 0 300000 0 0 CLEAN HARBORS INC COM 184496 10 7 39072 613090 SH SOLE 0 613090 0 0 CME GROUP INC COM 12572Q 10 5 9259 38000 SH SOLE 0 38000 0 0 CORE LABORATORIES N V COM N22717 10 7 2473 21700 SH SOLE 0 21700 0 0 CURRENCYSHARES EURO TR EURO SHS 23130C 10 8 82560 640400 SH PUT SOLE 0 640400 0 0 DANA HLDG CORP COM 235825 20 5 1823 150000 SH SOLE 0 150000 0 0 DANAHER CORP DEL COM 235851 10 2 23520 500000 SH PUT SOLE 0 500000 0 0 DECKERS OUTDOOR CORP COM 243537 10 7 15114 200000 SH PUT SOLE 0 200000 0 0 DISCOVERY COMMUNICATNS NEW COM SER C 25470F 30 2 13340 353850 SH SOLE 0 353850 0 0 DOLLAR TREE INC COM 256746 10 8 8203 98700 SH SOLE 0 98700 0 0 DOMINOS PIZZA INC COM 25754A 20 1 27159 799960 SH SOLE 0 799960 0 0 DONALDSON INC COM 257651 10 9 7325 107600 SH SOLE 0 107600 0 0 DR PEPPER SNAPPLE GROUP INC COM 26138E 10 9 8806 223060 SH SOLE 0 223060 0 0 DSW INC CL A 23334L 10 2 12918 292200 SH SOLE 0 292200 0 0 DUNKIN BRANDS GROUP INC COM 265504 10 0 8508 340600 SH SOLE 0 340600 0 0 EBAY INC COM 278642 10 3 8856 291980 SH SOLE 0 291980 0 0 ENSCO PLC SPONSORED ADR 29358Q 10 9 7822 166700 SH SOLE 0 166700 0 0 EQUIFAX INC COM 294429 10 5 14583 376420 SH SOLE 0 376420 0 0 FIRST SOLAR INC COM 336433 10 7 9239 273670 SH SOLE 0 273670 0 0 FIRST SOLAR INC COM 336433 10 7 9095 269400 SH PUT SOLE 0 269400 0 0 FMC TECHNOLOGIES INC COM 30249U 10 1 14624 280000 SH SOLE 0 280000 0 0 GAP INC DEL COM 364760 10 8 25560 1377900 SH PUT SOLE 0 1377900 0 0 GENERAC HLDGS INC COM 368736 10 4 8689 310000 SH SOLE 0 310000 0 0 GENERAL MLS INC COM 370334 10 4 202 5000 SH SOLE 0 5000 0 0 GENERAL MTRS CO W EXP 07/10/201 37045V 11 8 215 18314 SH SOLE 0 18314 0 0 GENERAL MTRS CO W EXP 07/10/201 37045V 12 6 143 18314 SH SOLE 0 18314 0 0 GENTEX CORP COM 371901 10 9 13268 448400 SH SOLE 0 448400 0 0 GILEAD SCIENCES INC COM 375558 10 3 12279 300000 SH PUT SOLE 0 300000 0 0 HELMERICH & PAYNE INC COM 423452 10 1 7739 132600 SH SOLE 0 132600 0 0 HUNT J B TRANS SVCS INC COM 445658 10 7 10330 229200 SH SOLE 0 229200 0 0 IAC INTERACTIVECORP COM PAR $.001 44919P 50 8 6835 160440 SH SOLE 0 160440 0 0 INFORMATICA CORP COM 45666Q 10 2 11079 300000 SH PUT SOLE 0 300000 0 0 KANSAS CITY SOUTHERN COM NEW 485170 30 2 19315 284000 SH SOLE 0 284000 0 0 KIMBERLY CLARK CORP COM 494368 10 3 18611 253000 SH SOLE 0 253000 0 0 KIRBY CORP COM 497266 10 6 18606 282600 SH SOLE 0 282600 0 0 LABORATORY CORP AMER HLDGS COM NEW 50540R 40 9 9225 107300 SH PUT SOLE 0 107300 0 0 LAS VEGAS SANDS CORP COM 517834 10 7 10683 250000 SH CALL SOLE 0 250000 0 0 LDK SOLAR CO LTD SPONSORED ADR 50183L 10 7 606 144700 SH PUT SOLE 0 144700 0 0 LENNOX INTL INC COM 526107 10 7 12747 377700 SH SOLE 0 377700 0 0 LIQUIDITY SERVICES INC COM 53635B 10 7 12170 329800 SH SOLE 0 329800 0 0 LYONDELLBASELL INDUSTRIES N SHS - A - N53745 10 0 975 30000 SH SOLE 0 30000 0 0 MADISON SQUARE GARDEN CO CL A 55826P 10 0 12363 431655 SH SOLE 0 431655 0 0 MAKO SURGICAL CORP COM 560879 10 8 7563 300000 SH PUT SOLE 0 300000 0 0 MASTERCARD INC CL A 57636Q 10 4 9321 25000 SH SOLE 0 25000 0 0 MELLANOX TECHNOLOGIES LTD SHS M51363 11 3 4549 140000 SH SOLE 0 140000 0 0 NATIONAL OILWELL VARCO INC COM 637071 10 1 16658 245000 SH SOLE 0 245000 0 0 NATIONAL TECHNICAL SYS INC COM 638104 10 9 6344 1014992 SH SOLE 0 1014992 0 0 NORFOLK SOUTHERN CORP COM 655844 10 8 20663 283600 SH SOLE 0 283600 0 0 NXP SEMICONDUCTORS N V COM N6596X 10 9 1230 80000 SH SOLE 0 80000 0 0 OCEANEERING INTL INC COM 675232 10 2 12944 280600 SH SOLE 0 280600 0 0 PENNYMAC MTG INVT TR COM 70931T 10 3 166 10000 SH SOLE 0 10000 0 0 PRIMUS TELECOMMUNICATIONS GR COM 741929 30 1 5102 403000 SH SOLE 0 403000 0 0 ROBBINS & MYERS INC COM 770196 10 3 18180 374460 SH SOLE 0 374460 0 0 ROCKWELL AUTOMATION INC COM 773903 10 9 46135 628800 SH SOLE 0 628800 0 0 SANDISK CORP COM 80004C 10 1 12629 256640 SH SOLE 0 256640 0 0 SCRIPPS NETWORKS INTERACT IN CL A COM 811065 10 1 19099 450230 SH SOLE 0 450230 0 0 SCRIPPS NETWORKS INTERACT IN CL A COM 811065 10 1 10605 250000 SH CALL SOLE 0 250000 0 0 SEARS HLDGS CORP COM 812350 10 6 4767 150000 SH PUT SOLE 0 150000 0 0 SELECT COMFORT CORP COM 81616X 10 3 11051 509500 SH SOLE 0 509500 0 0 SELECT SECTOR SPDR TR SBI INT-FINL 81369Y 60 5 8515 655000 SH SOLE 0 655000 0 0 SIGMA ALDRICH CORP COM 826552 10 1 18738 300000 SH PUT SOLE 0 300000 0 0 SIRIUS XM RADIO INC COM 82967N 10 8 12904 7090000 SH SOLE 0 7090000 0 0 SONIC AUTOMOTIVE INC CL A 83545G 10 2 6586 444700 SH SOLE 0 444700 0 0 SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y 10 7 51834 325000 SH SOLE 0 325000 0 0 SPDR SERIES TRUST S&P BK ETF 78464A 79 7 12205 500000 SH CALL SOLE 0 500000 0 0 SPDR SERIES TRUST S&P HOMEBUILD 78464A 88 8 7654 447600 SH SOLE 0 447600 0 0 STARBUCKS CORP COM 855244 10 9 21435 465870 SH SOLE 0 465870 0 0 STATE STR CORP COM 857477 10 3 19010 471600 SH SOLE 0 471600 0 0 THOMAS & BETTS CORP COM 884315 10 2 7327 134200 SH SOLE 0 134200 0 0 THOMAS & BETTS CORP COM 884315 10 2 2730 50000 SH CALL SOLE 0 50000 0 0 TRAVELERS COMPANIES INC COM 89417E 10 9 7378 124700 SH SOLE 0 124700 0 0 TYCO INTERNATIONAL LTD SHS H89128 10 4 8342 178600 SH SOLE 0 178600 0 0 UNILEVER PLC SPON ADR NEW 904767 70 4 5457 162790 SH SOLE 0 162790 0 0 UNION PAC CORP COM 907818 10 8 13507 127500 SH SOLE 0 127500 0 0 UNITED PARCEL SERVICE INC CL B 911312 10 6 13174 180000 SH SOLE 0 180000 0 0 UNITED STATES STL CORP NEW COM 912909 10 8 7938 300000 SH PUT SOLE 0 300000 0 0 US BANCORP DEL COM NEW 902973 30 4 13525 500000 SH SOLE 0 500000 0 0 USANA HEALTH SCIENCES INC COM 90328M 10 7 18760 617700 SH PUT SOLE 0 617700 0 0 VAIL RESORTS INC COM 91879Q 10 9 46893 1107010 SH SOLE 0 1107010 0 0 VALE S A ADR REPSTG PFD 91912E 20 4 17160 800000 SH PUT SOLE 0 800000 0 0 VERIZON COMMUNICATIONS INC COM 92343V 10 4 9107 227000 SH SOLE 0 227000 0 0 VIRNETX HLDG CORP COM 92823T 10 8 5868 235000 SH SOLE 0 235000 0 0 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W 20 9 350 12500 SH SOLE 0 12500 0 0 WABTEC CORP COM 929740 10 8 13011 186000 SH SOLE 0 186000 0 0 WASTE MGMT INC DEL COM 94106L 10 9 8668 265000 SH SOLE 0 265000 0 0 WESTPORT INNOVATIONS INC COM NEW 960908 30 9 16201 487400 SH SOLE 0 487400 0 0 WHOLE FOODS MKT INC COM 966837 10 6 8976 129000 SH SOLE 0 129000 0 0 WILLIAMS SONOMA INC COM 969904 10 1 6930 180000 SH SOLE 0 180000 0 0