SGCM

Sand Grove Capital Management Portfolio holdings

AUM $383M Turnover 68%
1-Year Est. Return 123.08%
This Fund
S&P 500
This Quarter Est. Return
+13.8%
1 Year Est. Return
+123.08%
3 Year Est. Return
+410.17%
5 Year Est. Return
+994.99%
10 Year Est. Return
+22,843.83%
AUM
$383M
AUM Growth
-$61M
Cap. Flow
-$81.5M
Cap. Flow %
-21.27%
Top 10 Hldgs %
83.79%
Holding
25
New
6
Increased
4
Reduced
4
Closed
11
Avg Time Held Equity + Options
0.3 years
Top 10 Avg Time Held Equity + Options
0.3 years
Top 20 Avg Time Held Equity + Options
0.3 years
Avg Time Held Equity only
0.3 years
Top 10 Avg Time Held Equity only
0.4 years
Top 20 Avg Time Held Equity only
0.3 years

Top Buys

Rank Stock Value
1
ROKU icon
Roku
ROKU
+$20.3M
2
TECH icon
Bio-Techne
TECH
+$20M
3
AVNS icon
Avanos Medical
AVNS
+$16.9M
4
TWO
Two Harbors Investment
TWO
+$16.8M
5
SYNA icon
Synaptics
SYNA
+$14.4M

Top Sells

Rank Stock Value
1
PEN icon
Penumbra
PEN
+$28.5M
2
IHS icon
IHS Holding
IHS
+$28.2M
3
SLAB icon
Silicon Laboratories
SLAB
+$23.4M
4
CWAN icon
Clearwater Analytics
CWAN
+$22M
5
VAL icon
Valaris
VAL
+$17M

Sector Composition

Rank Sector Weight
1 Communication Services 21.12%
2 Utilities 14.67%
3 Real Estate 14.56%
4 Healthcare 11.53%
5 Industrials 10.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
TWO
1
DELISTED
Two Harbors Investment
TWO
$55.8M 14.56%
4,494,970
+1,400,183
+45% +$16.8M
2026 Q1
1 quarter
WBD icon
2
DELISTED
Warner Bros
WBD
$39.3M 10.27%
1,475,644
+28,837
+2% +$780K
2025 Q4
2 quarters
AAUC icon
3
Allied Gold Corp
AAUC
$2.66B
$31.9M 8.33%
1,345,274
+209,788
+18% +$5.93M
2026 Q1
1 quarter
WBS icon
4
DELISTED
Webster Financial
WBS
$31.7M 8.27%
414,723
-151,063
-27% -$11M
2026 Q1
1 quarter
NSC icon
5
Norfolk Southern
NSC
$72.3B
$31.2M 8.13%
99,091
-5,542
-5% -$1.71M
2025 Q3
3 quarters
TXNM icon
6
TXNM Energy Inc
TXNM
$6.46B
$28.8M 7.51%
506,546
-155,535
-23% -$9.12M
2025 Q2
4 quarters
AES icon
7
AES
AES
$10.7B
$27.5M 7.16%
1,872,474
+135,372
+8% +$1.97M
2026 Q1
1 quarter
TECH icon
8
Bio-Techne
TECH
$11.4B
$26.2M 6.84%
+370,990
New +$20M
2026 Q2
0 quarters
NUVL icon
9
CALL
DELISTED
Nuvalent
NUVL
$25.8M 6.74%
+209,100
New +$22.5M
2026 Q2
0 quarters
ROKU icon
10
Roku
ROKU
$22.5B
$23M 5.99%
+166,158
New +$20.3M
2026 Q2
0 quarters
EA icon
11
DELISTED
Electronic Arts
EA
$18.7M 4.87%
90,986
-53,740
-37% -$10.9M
2025 Q3
3 quarters
AVNS icon
12
DELISTED
Avanos Medical
AVNS
$18M 4.69%
+722,880
New +$16.9M
2026 Q2
0 quarters
SYNA icon
13
Synaptics
SYNA
$4.67B
$15.9M 4.14%
+127,811
New +$14.4M
2026 Q2
0 quarters
UNF icon
14
Unifirst Corp
UNF
$4.67B
$9.59M 2.5%
+36,266
New +$9.47M
2026 Q2
0 quarters
CTRA icon
15
DELISTED
Coterra Energy
CTRA
– –
-180,208
Closed -$6.33M –
CWAN icon
16
DELISTED
Clearwater Analytics
CWAN
– –
-930,959
Closed -$22M –
DVN icon
17
Devon Energy
DVN
$55.1B
– –
-125,960
Closed -$6.34M –
EHAB icon
18
DELISTED
Enhabit
EHAB
– –
-289,157
Closed -$4.07M –
GLDD icon
19
DELISTED
Great Lakes Dredge & Dock
GLDD
– –
-893,190
Closed -$15.2M –
IHS icon
20
IHS Holding
IHS
$2.85B
– –
-3,422,706
Closed -$28.2M –
PEN icon
21
Penumbra
PEN
$12.6B
– –
-86,758
Closed -$28.5M –
SLAB icon
22
Silicon Laboratories
SLAB
$7.39B
– –
-112,365
Closed -$23.4M –
TERN icon
23
CALL
DELISTED
Terns Pharmaceuticals
TERN
– –
-316,100
Closed -$16.7M –
TERN icon
24
DELISTED
Terns Pharmaceuticals
TERN
– –
-82,000
Closed -$4.32M –
VAL icon
25
Valaris
VAL
$6B
– –
-173,830
Closed -$17M –

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Sand Grove Capital Management's Q2 2026 Portfolio in Review

As of Q2 2026, Sand Grove Capital Management held 25 positions worth $383M, down 14% from $444M the previous quarter. Its ten largest holdings account for 84% of the portfolio.

Sand Grove Capital Management withdrew a net $81.5M in Q2 2026, closing 11 positions and reducing 4 holdings. Its most notable exit was Penumbra, an estimated $28.5M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 21% of assets, up from 16% a quarter earlier, followed by Utilities and Real Estate.

Against the trend, Sand Grove Capital Management opened a new position in Roku worth $23M.

  • Sand Grove Capital Management's largest Q2 2026 buy was Roku: 166,158 shares worth $23M.
  • Sand Grove Capital Management added most to Two Harbors Investment in Q2 2026, an estimated $16.8M increase.
  • Sand Grove Capital Management's biggest Q2 2026 reduction was Webster Financial, cutting an estimated $11M.
  • Sand Grove Capital Management fully exited Penumbra in Q2 2026, selling an estimated $28.5M.
  • Sand Grove Capital Management's ten largest holdings make up 84% of its $383M portfolio in Q2 2026.
  • Sand Grove Capital Management opened 6 new positions and closed 11 in Q2 2026.
  • Sand Grove Capital Management's portfolio value fell 14% quarter-over-quarter to $383M.

Based on Sand Grove Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.