Sandell Asset Management 13F annual report

Sandell Asset Management is an investment fund managing more than $167 million ran by Thomas Sandell. There are currently 26 companies in Mr. Sandell’s portfolio. The largest investments include Danaher and Apple, together worth $55.3 million.

$167 million Assets Under Management (AUM)

As of 9th November 2020, Sandell Asset Management’s top holding is 185,000 shares of Danaher currently worth over $39.8 million and making up 23.8% of the portfolio value. Relative to the number of outstanding shares of Danaher, Sandell Asset Management owns more than approximately 0.1% of the company. In addition, the fund holds 133,148 shares of Apple worth $15.4 million, whose value fell approximately 0.1% in the past six months. The third-largest holding is Amazon.com worth $15 million and the next is Microsoft worth $13.1 million, with 62,293 shares owned.

Currently, Sandell Asset Management's portfolio is worth at least $167 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Sandell Asset Management

The Sandell Asset Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Thomas Sandell serves as the Chief Executive Officer at Sandell Asset Management.

Recent trades

In the most recent 13F filing, Sandell Asset Management revealed that it had opened a new position in American Axle & Mfg Hldgs In and bought 100,000 shares worth $577 thousand.

The investment fund also strengthened its position in Apple by buying 99,861 additional shares. This makes their stake in Apple total 133,148 shares worth $15.4 million. Apple dropped approximately 0.1% in the past year.

On the other hand, there are companies that Sandell Asset Management is getting rid of from its portfolio. Sandell Asset Management closed its position in Xperi on 16th November 2020. It sold the previously owned 500,500 shares for $7.39 million. Thomas Sandell also disclosed a decreased stake in Olin by 0.2%. This leaves the value of the investment at $3.5 million and 282,464 shares.

One of the smallest hedge funds

The two most similar investment funds to Sandell Asset Management are Eads & Heald Wealth Management and Jackson Hole Capital Partners. They manage $167 million and $167 million respectively.

Thomas Sandell investment strategy

Sandell Asset Management’s portfolio is diversified across 9 sectors. Currently, their heaviest sector is Health Care — making up 23.8% of the total portfolio value. The fund focuses on investments in the United States as 69.2% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 46% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $454 billion.

The complete list of Sandell Asset Management trades based on 13F SEC filings

These positions were updated on November 16th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Danaher Corp.	No change 185,000	$39,836,000	23.84%
Apple, Inc.	300.00% 133,148	$15,420,000	9.23%
Amazon.com, Inc.	No change 4,764	$15,001,000	8.98%
Microsoft Corp.	No change 62,293	$13,102,000	7.84%
Facebook, Inc.	No change 32,610	$8,541,000	5.11%
Alphabet, Inc.	No change 5,264	$7,736,000	4.63%
Xperi Holding Corp.	Closed 500,500	$7,387,000
Spdr Gold Tr	25.08% 37,900	$6,713,000	4.02%
Disney Walt Co	No change 50,500	$6,266,000	3.75%
Berkshire Hathaway Inc.	No change 29,350	$6,250,000	3.74%
PayPal Holdings, Inc.	No change 26,900	$5,300,000	3.17%
Maxar Technologies, Inc.	Closed 280,235	$5,033,000
Navistar Intl Corp New	No change 113,700	$4,950,000	2.96%
Manchester Utd Plc New	28.00% 320,000	$4,653,000	2.78%
Delphi Technologies Pl	Closed 300,000	$4,263,000
LogMeIn, Inc.	Closed 50,000	$4,238,000
Taubman Ctrs Inc	Closed 110,000	$4,154,000
QIAGEN NV	Closed 95,000	$4,067,000
Caesars Entmt Corp	Closed 334,654	$4,059,000
Wright Med Group N V	Closed 135,000	$4,012,000
Vodafone Group Plc	14.00% 285,000	$3,825,000	2.29%
Mastercard, Inc.	No change 11,000	$3,720,000	2.23%
Olin Corp.	19.30% 282,464	$3,497,000	2.09%
Visa, Inc.	No change 16,900	$3,379,000	2.02%
Fidelity Natl Information Sv	No change 22,008	$3,240,000	1.94%
Vertiv Holdings Co.	18.18% 180,000	$3,118,000	1.87%
Kraton Corp.	35.48% 170,000	$3,029,000	1.81%
Wyndham Hotels & Resorts, Inc.	No change 49,400	$2,495,000	1.49%
Gogo, Inc.	Closed 789,684	$2,495,000
Fitbit, Inc.	Closed 375,000	$2,422,000
TEGNA, Inc.	Closed 200,100	$2,229,000
United States Cellular Corp.	No change 54,026	$1,595,000	0.95%
Dana, Inc.	No change 127,907	$1,576,000	0.94%
Ishares Tr	No change 35,000	$1,364,000	0.82%
Primo Water Corporation	Closed 97,500	$1,341,000
Delta Air Lines, Inc.	No change 35,000	$1,070,000	0.64%
Liberty Media Corp.	No change 25,482	$845,000	0.51%
American Axle & Mfg Hldgs In	Opened 100,000	$577,000	0.35%
Bitauto Hldgs Ltd	Closed 9,900	$157,000
No transactions found
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