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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
+12.21%
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
$802M
AUM Growth
-$51.8M
Cap. Flow
-$103M
Cap. Flow %
-12.83%
Top 10 Hldgs %
76.29%
Holding
48
New
18
Increased
6
Reduced
4
Closed
18

Top Buys

Rank Stock Value
1
ABCM
Abcam PLC
ABCM
+$52.4M
2
ACI icon
Albertsons Companies
ACI
+$30.5M
3
CPRI icon
Capri Holdings
CPRI
+$29.9M
4
AMED
Amedisys
AMED
+$26.1M
5
SPLK
Splunk Inc
SPLK
+$21.7M

Top Sells

Rank Stock Value
1
TSEM icon
Tower Semiconductor
TSEM
+$55.6M
2
BKI
Black Knight, Inc. Common Stock
BKI
+$39.4M
3
ISEE
IVERIC bio, Inc. Common Stock
ISEE
+$34M
4
SIMO icon
Silicon Motion
SIMO
+$27.2M
5
AJRD
Aerojet Rocketdyne Holdings
AJRD
+$20.7M

Sector Composition

Rank Sector Weight
1 Healthcare 32.79%
2 Technology 23.57%
3 Consumer Staples 11.18%
4 Consumer Discretionary 5.86%
5 Communication Services 5.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HCCI
26
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
$1.77M 0.22%
+39,135
New +$1.75M
HT
27
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
$1.41M 0.18%
+142,557
New +$1.09M
AVID
28
DELISTED
Avid Technology Inc
AVID
$980K 0.12%
+36,475
New +$960K
GHL
29
DELISTED
Greenhill & Co., Inc.
GHL
$977K 0.12%
+66,004
New +$973K
SCPL
30
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
$977K 0.12%
+42,900
New +$921K
AVGO icon
31
CALL
Broadcom
AVGO
$2.04T
– –
-144,000
Closed -$12.5M
NWSA icon
32
News Corp Class A
NWSA
$15.4B
– –
-415,000
Closed -$8.09M
QQQ icon
33
PUT
Invesco QQQ Trust
QQQ
$480B
– –
-137,400
Closed -$50.8M
SIMO icon
34
PUT
Silicon Motion
SIMO
$8.19B
– –
-295,300
Closed -$21.2M
TECK icon
35
Teck Resources
TECK
$32.3B
– –
-147,539
Closed -$6.21M
TSEM icon
36
Tower Semiconductor
TSEM
$29.2B
– –
-1,482,315
Closed -$55.6M
SYNH
37
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
– –
-273,109
Closed -$11.5M
BKI
38
DELISTED
Black Knight, Inc. Common Stock
BKI
– –
-659,797
Closed -$39.4M
ARNC
39
DELISTED
Arconic Corporation
ARNC
– –
-457,335
Closed -$13.5M
KDNY
40
DELISTED
Chinook Therapeutics, Inc. Common Stock
KDNY
– –
-315,973
Closed -$12.1M
DICE
41
DELISTED
DICE Therapeutics, Inc. Common Stock
DICE
– –
-422,359
Closed -$19.6M
PDCE
42
DELISTED
PDC Energy, Inc.
PDCE
– –
-172,756
Closed -$12.3M
UNVR
43
DELISTED
Univar Solutions Inc.
UNVR
– –
-533,935
Closed -$19.1M
AJRD
44
DELISTED
Aerojet Rocketdyne Holdings
AJRD
– –
-377,458
Closed -$20.7M
ABST
45
DELISTED
Absolute Software Corp
ABST
– –
-1,030,462
Closed -$11.8M
ISEE
46
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
– –
-865,399
Closed -$34M
ISEE
47
PUT
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
– –
-354,200
Closed -$13.9M
ATVI
48
CALL
DELISTED
Activision Blizzard
ATVI
– –
-91,500
Closed -$7.71M
1
2

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Sand Grove Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Sand Grove Capital Management held 48 positions worth $802M, down 6.1% from $854M the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Sand Grove Capital Management withdrew a net $103M in Q3 2023, closing 18 positions and reducing 4 holdings. Its most notable exit was Tower Semiconductor, an estimated $55.6M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 33% of assets, up from 26% a quarter earlier, followed by Technology and Consumer Staples.

Against the trend, Sand Grove Capital Management opened a new position in Abcam PLC worth $51.6M.

  • Sand Grove Capital Management's largest Q3 2023 buy was Abcam PLC: 2,278,464 shares worth $51.6M.
  • Sand Grove Capital Management added most to Albertsons Companies in Q3 2023, an estimated $30.5M increase.
  • Sand Grove Capital Management's biggest Q3 2023 reduction was Silicon Motion, cutting an estimated $27.2M.
  • Sand Grove Capital Management fully exited Tower Semiconductor in Q3 2023, selling an estimated $55.6M.
  • Sand Grove Capital Management's ten largest holdings make up 76% of its $802M portfolio in Q3 2023.
  • Sand Grove Capital Management opened 18 new positions and closed 18 in Q3 2023.
  • Sand Grove Capital Management's portfolio value fell 6.1% quarter-over-quarter to $802M.

Based on Sand Grove Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.