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SGCM

Sand Grove Capital Management Portfolio holdings

AUM $444M
1-Year Est. Return 131.11%
This Fund
S&P 500
This Quarter Est. Return
+4.91%
1 Year Est. Return
+131.11%
3 Year Est. Return
+410.73%
5 Year Est. Return
+1,022.21%
10 Year Est. Return
+24,985.77%
AUM
$739M
AUM Growth
-$307M
Cap. Flow
-$286M
Cap. Flow %
-38.65%
Top 10 Hldgs %
77.2%
Holding
40
New
19
Increased
3
Reduced
4
Closed
13

Top Buys

Rank Stock Value
1
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$53.3M
2
SGEN
Seagen Inc. Common Stock
SGEN
+$30.5M
3
OSH
Oak Street Health, Inc.
OSH
+$22.2M
4
ACI icon
Albertsons Companies
ACI
+$20.8M
5
RADI
Radius Global Infrastructure, Inc. Class A Common Stock
RADI
+$17.5M

Top Sells

Rank Stock Value
1
ONEM
1Life Healthcare
ONEM
+$89.7M
2
SJI
South Jersey Industries, Inc.
SJI
+$82.5M
3
ATVI
Activision Blizzard
ATVI
+$80.3M
4
MGI
MoneyGram International, Inc. New
MGI
+$74.6M
5
STOR
STORE Capital Corporation
STOR
+$58.1M

Sector Composition

Rank Sector Weight
1 Technology 33.51%
2 Healthcare 20.95%
3 Communication Services 15.15%
4 Financials 11.76%
5 Consumer Staples 2.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TIG
26
DELISTED
Trean Insurance Group, Inc. Common Stock
TIG
$744K 0.1%
+121,557
New +$739K
XM
27
DELISTED
Qualtrics International Inc. Class A Common Stock
XM
$740K 0.1%
+41,521
New +$635K
DHI icon
28
CALL
D.R. Horton
DHI
$40.9B
– –
-90,000
Closed -$8.02M
FRO icon
29
Frontline
FRO
$8.62B
– –
-134,265
Closed -$1.63M
TGNA
30
DELISTED
TEGNA Inc
TGNA
– –
-88,308
Closed -$1.87M
MGI
31
DELISTED
MoneyGram International, Inc. New
MGI
– –
-6,846,556
Closed -$74.6M
AUY
32
DELISTED
Yamana Gold, Inc.
AUY
– –
-4,393,002
Closed -$24.4M
AIMC
33
DELISTED
Altra Industrial Motion Corp
AIMC
– –
-477,682
Closed -$28.5M
COUP
34
DELISTED
Coupa Software Incorporated
COUP
– –
-481,400
Closed -$38.1M
ONEM
35
DELISTED
1Life Healthcare
ONEM
– –
-5,365,625
Closed -$89.7M
STOR
36
DELISTED
STORE Capital Corporation
STOR
– –
-1,813,113
Closed -$58.1M
SJI
37
DELISTED
South Jersey Industries, Inc.
SJI
– –
-2,322,946
Closed -$82.5M
VIVO
38
DELISTED
Meridian Bioscience Inc
VIVO
– –
-537,060
Closed -$17.8M
SWIR
39
DELISTED
Sierra Wireless
SWIR
– –
-637,767
Closed -$18.5M
ATVI
40
DELISTED
Activision Blizzard
ATVI
– –
-1,034,046
Closed -$80.3M
1
2

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Sand Grove Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Sand Grove Capital Management held 40 positions worth $739M, down 29% from $1.05B the previous quarter. Its ten largest holdings account for 77% of the portfolio.

Sand Grove Capital Management withdrew a net $286M in Q1 2023, closing 13 positions and reducing 4 holdings. Its most notable exit was 1Life Healthcare, an estimated $89.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 41% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Sand Grove Capital Management opened a new position in Seagen Inc. Common Stock worth $38.5M.

  • Sand Grove Capital Management's largest Q1 2023 buy was Seagen Inc. Common Stock: 190,396 shares worth $38.5M.
  • Sand Grove Capital Management added most to Horizon Therapeutics Public Limited Company Ordinary Shares in Q1 2023, an estimated $53.3M increase.
  • Sand Grove Capital Management's biggest Q1 2023 reduction was Black Knight, Inc. Common Stock, cutting an estimated $29.1M.
  • Sand Grove Capital Management fully exited 1Life Healthcare in Q1 2023, selling an estimated $89.7M.
  • Sand Grove Capital Management's ten largest holdings make up 77% of its $739M portfolio in Q1 2023.
  • Sand Grove Capital Management opened 19 new positions and closed 13 in Q1 2023.
  • Sand Grove Capital Management's portfolio value fell 29% quarter-over-quarter to $739M.

Based on Sand Grove Capital Management's 13F filing for Q1 2023, filed 15 May 2023.