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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
+14.42%
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
$376M
AUM Growth
-$426M
Cap. Flow
-$447M
Cap. Flow %
-118.84%
Top 10 Hldgs %
85.99%
Holding
39
New
9
Increased
4
Reduced
5
Closed
21

Top Buys

Rank Stock Value
1
CMBT
CMB.TECH NV
CMBT
+$31.3M
2
HOLI
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
+$25.8M
3
HES
Hess
HES
+$22.9M
4
ROVR
Rover Group, Inc. Class A Common Stock
ROVR
+$16.7M
5
SPLK
Splunk Inc
SPLK
+$15.2M

Top Sells

Rank Stock Value
1
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$101M
2
SGEN
Seagen Inc. Common Stock
SGEN
+$81M
3
ATVI
Activision Blizzard
ATVI
+$80.6M
4
VMW
VMware, Inc
VMW
+$69.4M
5
ABCM
Abcam PLC
ABCM
+$51.6M

Sector Composition

Rank Sector Weight
1 Energy 16.9%
2 Technology 13.83%
3 Consumer Staples 13.35%
4 Consumer Discretionary 12.95%
5 Industrials 9.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HT
26
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
– –
-142,557
Closed -$1.41M
VMW
27
DELISTED
VMware, Inc
VMW
– –
-416,747
Closed -$69.4M
SCU
28
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
– –
-445,044
Closed -$5.16M
EQRX
29
DELISTED
EQRx, Inc. Common Stock
EQRX
– –
-1,220,144
Closed -$2.71M
NEWR
30
DELISTED
New Relic, Inc.
NEWR
– –
-159,132
Closed -$13.6M
TWNK
31
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
– –
-184,534
Closed -$6.15M
AVID
32
DELISTED
Avid Technology Inc
AVID
– –
-36,475
Closed -$980K
SCPL
33
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
– –
-42,900
Closed -$977K
CIR
34
DELISTED
CIRCOR International, Inc
CIR
– –
-469,527
Closed -$26.2M
HCCI
35
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
– –
-39,135
Closed -$1.77M
HZNP
36
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
– –
-876,810
Closed -$101M
HZNP
37
PUT
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
– –
-458,800
Closed -$53.1M
ATVI
38
DELISTED
Activision Blizzard
ATVI
– –
-860,563
Closed -$80.6M
ATVI
39
PUT
DELISTED
Activision Blizzard
ATVI
– –
-307,700
Closed -$28.8M
1
2

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Sand Grove Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Sand Grove Capital Management held 39 positions worth $376M, down 53% from $802M the previous quarter. Its ten largest holdings account for 86% of the portfolio.

Sand Grove Capital Management withdrew a net $447M in Q4 2023, closing 21 positions and reducing 5 holdings. Its most notable exit was Horizon Therapeutics Public Limited Company Ordinary Shares, an estimated $101M position sold in full.

By sector, the portfolio is most concentrated in Energy at 17% of assets, up from 0% a quarter earlier, followed by Technology and Consumer Staples.

Against the trend, Sand Grove Capital Management opened a new position in CMB.TECH NV worth $31.1M.

  • Sand Grove Capital Management's largest Q4 2023 buy was CMB.TECH NV: 1,768,341 shares worth $31.1M.
  • Sand Grove Capital Management added most to Splunk Inc in Q4 2023, an estimated $15.2M increase.
  • Sand Grove Capital Management's biggest Q4 2023 reduction was Albertsons Companies, cutting an estimated $32.9M.
  • Sand Grove Capital Management fully exited Horizon Therapeutics Public Limited Company Ordinary Shares in Q4 2023, selling an estimated $101M.
  • Sand Grove Capital Management's ten largest holdings make up 86% of its $376M portfolio in Q4 2023.
  • Sand Grove Capital Management opened 9 new positions and closed 21 in Q4 2023.
  • Sand Grove Capital Management's portfolio value fell 53% quarter-over-quarter to $376M.

Based on Sand Grove Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.