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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
+11.68%
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
$437M
AUM Growth
+$61M
Cap. Flow
+$41.9M
Cap. Flow %
9.59%
Top 10 Hldgs %
74.62%
Holding
30
New
12
Increased
7
Reduced
2
Closed
8

Top Buys

Rank Stock Value
1
PXD
Pioneer Natural Resource Co.
PXD
+$33.5M
2
HES
Hess
HES
+$27.5M
3
AGR
Avangrid, Inc.
AGR
+$18.8M
4
VZIO
VIZIO Holding Corp.
VZIO
+$17.6M
5
EVBG
Everbridge, Inc. Common Stock
EVBG
+$16.8M

Top Sells

Rank Stock Value
1
SPLK
Splunk Inc
SPLK
+$44.7M
2
CMBT
CMB.TECH NV
CMBT
+$31.1M
3
ROVR
Rover Group, Inc. Class A Common Stock
ROVR
+$21.4M
4
MRTX
Mirati Therapeutics, Inc. Common Stock
MRTX
+$13.2M
5
CPRI icon
Capri Holdings
CPRI
+$11.6M

Sector Composition

Rank Sector Weight
1 Energy 23.29%
2 Technology 20%
3 Industrials 12.48%
4 Healthcare 12.25%
5 Consumer Staples 11.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMBT
26
CMB.TECH NV
CMBT
$4.72B
– –
-1,768,341
Closed -$31.1M
WRK
27
DELISTED
WestRock Company
WRK
– –
-46,436
Closed -$1.93M
SPLK
28
DELISTED
Splunk Inc
SPLK
– –
-293,518
Closed -$44.7M
ROVR
29
DELISTED
Rover Group, Inc. Class A Common Stock
ROVR
– –
-1,968,507
Closed -$21.4M
MRTX
30
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
– –
-224,632
Closed -$13.2M
1
2

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Welch Capital Partners Harrison, New York $444M AUM 21.45% 1-Year Est. Return
AFA
Abacus FCF Advisors Orlando, Florida $444M AUM 44.44% 1-Year Est. Return
FWSM
First Wilshire Securities Management Pasadena, California $444M AUM 42.88% 1-Year Est. Return
TC
TownSquare Capital Provo, Utah $444M AUM 24.03% 1-Year Est. Return
BI
Bulldog Investors Saddle Brook, New Jersey $445M AUM 2.14% 1-Year Est. Return
RWM
Rialto Wealth Management Syracuse, New York $445M AUM 15.58% 1-Year Est. Return
CMP
Coston McIsaac & Partners Bar Harbor, Maine $443M AUM 6.68% 1-Year Est. Return
AC
Almitas Capital Santa Monica, California $443M AUM 42.36% 1-Year Est. Return

Sand Grove Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Sand Grove Capital Management held 30 positions worth $437M, up 16% from $376M the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Sand Grove Capital Management deployed $41.9M of net new capital in Q1 2024, opening 12 new positions and adding to 7 existing holdings. Its largest new stake was Avangrid, Inc.: 575,935 shares worth $21M.

By sector, the portfolio is most concentrated in Energy at 23% of assets, up from 17% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was Capri Holdings, an estimated $11.6M trimmed.

  • Sand Grove Capital Management's largest Q1 2024 buy was Avangrid, Inc.: 575,935 shares worth $21M.
  • Sand Grove Capital Management added most to Pioneer Natural Resource Co. in Q1 2024, an estimated $33.5M increase.
  • Sand Grove Capital Management's biggest Q1 2024 reduction was Capri Holdings, cutting an estimated $11.6M.
  • Sand Grove Capital Management fully exited Splunk Inc in Q1 2024, selling an estimated $44.7M.
  • Sand Grove Capital Management's ten largest holdings make up 75% of its $437M portfolio in Q1 2024.
  • Sand Grove Capital Management opened 12 new positions and closed 8 in Q1 2024.
  • Sand Grove Capital Management's portfolio value rose 16% quarter-over-quarter to $437M.

Based on Sand Grove Capital Management's 13F filing for Q1 2024, filed 14 May 2024.