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      <liveTestFlag>LIVE</liveTestFlag>
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      <periodOfReport>09-30-2024</periodOfReport>
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      <reportCalendarOrQuarter>09-30-2024</reportCalendarOrQuarter>
      <isAmendment>false</isAmendment>
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        <name>SANDLER CAPITAL MANAGEMENT</name>
        <address>
          <com:street1>711 FIFTH AVENUE</com:street1>
          <com:street2>5TH FL</com:street2>
          <com:city>NEW YORK</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10022</com:zipCode>
        </address>
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      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-06285</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
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    <signatureBlock>
      <name>Andrew Sandler</name>
      <title>Managing Director</title>
      <phone>212-754-8100</phone>
      <signature>/s/ Andrew Sandler</signature>
      <city>NEW YORK</city>
      <stateOrCountry>NY</stateOrCountry>
      <signatureDate>11-14-2024</signatureDate>
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