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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
+13.92%
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
$854M
AUM Growth
+$115M
Cap. Flow
+$74.3M
Cap. Flow %
8.7%
Top 10 Hldgs %
63.41%
Holding
48
New
21
Increased
3
Reduced
5
Closed
18

Top Buys

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$63.7M
2
VMW
VMware, Inc
VMW
+$30.8M
3
ISEE
IVERIC bio, Inc. Common Stock
ISEE
+$30.5M
4
ACI icon
Albertsons Companies
ACI
+$27M
5
SGEN
Seagen Inc. Common Stock
SGEN
+$22.4M

Top Sells

Rank Stock Value
1
SJR
Shaw Communications Inc.
SJR
+$105M
2
FHN icon
First Horizon
FHN
+$79.7M
3
OSH
Oak Street Health, Inc.
OSH
+$26.6M
4
MAXR
Maxar Technologies Inc. Common Stock
MAXR
+$24.2M
5
BKI
Black Knight, Inc. Common Stock
BKI
+$19.5M

Sector Composition

Rank Sector Weight
1 Technology 31.15%
2 Healthcare 25.53%
3 Consumer Staples 5.89%
4 Industrials 4.01%
5 Communication Services 3.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SGEN
26
PUT
DELISTED
Seagen Inc. Common Stock
SGEN
$8.39M 0.98%
+43,600
New +$8.66M
NWSA icon
27
News Corp Class A
NWSA
$15.4B
$8.09M 0.95%
415,000
– –
ATVI
28
CALL
DELISTED
Activision Blizzard
ATVI
$7.71M 0.9%
91,500
-135,500
-60% -$11M
TECK icon
29
Teck Resources
TECK
$32.6B
$6.21M 0.73%
+147,539
New +$6.34M
RPD icon
30
Rapid7
RPD
$773M
$3.88M 0.45%
+85,758
New +$3.98M
ACI icon
31
PUT
Albertsons Companies
ACI
$5.83B
– –
-277,100
Closed -$5.76M
AER icon
32
AerCap
AER
$23.8B
– –
-150,000
Closed -$8.44M
AER icon
33
PUT
AerCap
AER
$23.8B
– –
-150,000
Closed -$8.44M
CEG icon
34
CALL
Constellation Energy
CEG
$95.6B
– –
-166,600
Closed -$13.1M
CMA
35
DELISTED
Comerica
CMA
– –
-151,000
Closed -$6.56M
CMA
36
PUT
DELISTED
Comerica
CMA
– –
-151,000
Closed -$6.56M
FHN icon
37
First Horizon
FHN
$12.1B
– –
-4,479,936
Closed -$79.7M
LNG icon
38
CALL
Cheniere Energy
LNG
$52.9B
– –
-94,700
Closed -$14.9M
NATI
39
CALL
DELISTED
National Instruments Corp
NATI
– –
-270,000
Closed -$14.2M
NATI
40
DELISTED
National Instruments Corp
NATI
– –
-271,300
Closed -$14.2M
NATI
41
PUT
DELISTED
National Instruments Corp
NATI
– –
-133,000
Closed -$6.97M
RADI
42
DELISTED
Radius Global Infrastructure, Inc. Class A Common Stock
RADI
– –
-1,294,404
Closed -$19M
XM
43
DELISTED
Qualtrics International Inc. Class A Common Stock
XM
– –
-41,521
Closed -$740K
SUMO
44
DELISTED
Sumo Logic, Inc. Common Stock
SUMO
– –
-1,136,388
Closed -$13.6M
MAXR
45
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
– –
-474,154
Closed -$24.2M
OSH
46
DELISTED
Oak Street Health, Inc.
OSH
– –
-688,813
Closed -$26.6M
TIG
47
DELISTED
Trean Insurance Group, Inc. Common Stock
TIG
– –
-121,557
Closed -$744K
SJR
48
DELISTED
Shaw Communications Inc.
SJR
– –
-3,503,504
Closed -$105M
1
2

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FWSM
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RWM
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CMP
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Sand Grove Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Sand Grove Capital Management held 48 positions worth $854M, up 16% from $739M the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Sand Grove Capital Management deployed $74.3M of net new capital in Q2 2023, opening 21 new positions and adding to 3 existing holdings. Its largest new stake was Activision Blizzard: 787,492 shares worth $66.4M.

By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 34% a quarter earlier, followed by Healthcare and Consumer Staples.

On the sell side, the largest reduction was Black Knight, Inc. Common Stock, an estimated $19.5M trimmed.

  • Sand Grove Capital Management's largest Q2 2023 buy was Activision Blizzard: 787,492 shares worth $66.4M.
  • Sand Grove Capital Management added most to VMware, Inc in Q2 2023, an estimated $30.8M increase.
  • Sand Grove Capital Management's biggest Q2 2023 reduction was Black Knight, Inc. Common Stock, cutting an estimated $19.5M.
  • Sand Grove Capital Management fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $105M.
  • Sand Grove Capital Management's ten largest holdings make up 63% of its $854M portfolio in Q2 2023.
  • Sand Grove Capital Management opened 21 new positions and closed 18 in Q2 2023.
  • Sand Grove Capital Management's portfolio value rose 16% quarter-over-quarter to $854M.

Based on Sand Grove Capital Management's 13F filing for Q2 2023, filed 11 Aug 2023.