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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
+28.59%
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
$406M
AUM Growth
-$106M
Cap. Flow
-$124M
Cap. Flow %
-30.46%
Top 10 Hldgs %
100%
Holding
15
New
5
Increased
1
Reduced
–
Closed
8

Top Buys

Rank Stock Value
1
CELG
Celgene Corp
CELG
+$145M
2
FOXA icon
Fox Class A
FOXA
+$84.5M
3
RHT
Red Hat Inc
RHT
+$64.2M
4
VSM
Versum Materials, Inc.
VSM
+$39.8M
5
WBC
WABCO HOLDINGS INC.
WBC
+$15.9M

Top Sells

Rank Stock Value
1
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$225M
2
ORBK
Orbotech Ltd
ORBK
+$94.6M
3
DNB
Dun & Bradstreet
DNB
+$87.5M
4
HIFR
InfraREIT, Inc.
HIFR
+$31.6M
5
NTRI
NutriSystem, Inc.
NTRI
+$25.2M

Sector Composition

Rank Sector Weight
1 Communication Services 45.27%
2 Healthcare 38.17%
3 Materials 12.35%
4 Consumer Discretionary 4.19%
5 Financials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CELG
1
DELISTED
Celgene Corp
CELG
$155M 38.17%
+1,655,500
New +$145M
RHT
2
DELISTED
Red Hat Inc
RHT
$105M 25.85%
576,124
+358,124
+164% +$64.2M
FOXA icon
3
Fox Class A
FOXA
$24.2B
$78.9M 19.42%
+2,169,124
New +$84.5M
VSM
4
DELISTED
Versum Materials, Inc.
VSM
$50.2M 12.35%
+1,000,000
New +$39.8M
WBC
5
DELISTED
WABCO HOLDINGS INC.
WBC
$17M 4.19%
+129,000
New +$15.9M
BMY icon
6
CALL
Bristol-Myers Squibb
BMY
$132B
$81K 0.02%
+13,454
New +$670K
MTFBW
7
DELISTED
Motif Bio plc Warrants to Purchase ADRs
MTFBW
$27K 0.01%
97,200
– –
HWM icon
8
CALL
Howmet Aerospace
HWM
$114B
– –
-17,604
Closed -$162K
NXPI icon
9
CALL
NXP Semiconductors
NXPI
$66.1B
– –
-6,281
Closed -$25K
HIFR
10
DELISTED
InfraREIT, Inc.
HIFR
– –
-1,505,372
Closed -$31.6M
TFCFA
11
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
– –
-4,695,411
Closed -$225M
NTRI
12
DELISTED
NutriSystem, Inc.
NTRI
– –
-573,000
Closed -$25.2M
ORBK
13
DELISTED
Orbotech Ltd
ORBK
– –
-1,683,545
Closed -$94.6M
DNB
14
DELISTED
Dun & Bradstreet
DNB
– –
-614,862
Closed -$87.5M
SHPG
15
DELISTED
Shire pic
SHPG
– –
-57,592
Closed -$10M

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FWSM
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Sand Grove Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Sand Grove Capital Management held 15 positions worth $406M, down 21% from $512M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Sand Grove Capital Management withdrew a net $124M in Q1 2019, closing 8 positions. Its most notable exit was Twenty-First Century Fox, Inc. Class A, an estimated $225M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 45% of assets, down from 51% a quarter earlier, followed by Healthcare and Materials.

Against the trend, Sand Grove Capital Management opened a new position in Celgene Corp worth $155M.

  • Sand Grove Capital Management's largest Q1 2019 buy was Celgene Corp: 1,655,500 shares worth $155M.
  • Sand Grove Capital Management added most to Red Hat Inc in Q1 2019, an estimated $64.2M increase.
  • Sand Grove Capital Management fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $225M.
  • Sand Grove Capital Management's ten largest holdings make up 100% of its $406M portfolio in Q1 2019.
  • Sand Grove Capital Management opened 5 new positions and closed 8 in Q1 2019.
  • Sand Grove Capital Management's portfolio value fell 21% quarter-over-quarter to $406M.

Based on Sand Grove Capital Management's 13F filing for Q1 2019, filed 15 May 2019.