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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
+8.17%
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
$532M
AUM Growth
-$408M
Cap. Flow
-$352M
Cap. Flow %
-66.06%
Top 10 Hldgs %
99.74%
Holding
24
New
8
Increased
3
Reduced
–
Closed
12

Top Buys

Rank Stock Value
1
AABA
Altaba Inc
AABA
+$121M
2
BPL
Buckeye Partners, L.P.
BPL
+$47.4M
3
CBLK
Carbon Black, Inc. Common Stock
CBLK
+$43.4M
4
CVRS
CORINDUS VASCULAR ROBOTICS, INC
CVRS
+$26.1M
5
CBM
Cambrex Corporation
CBM
+$24.6M

Top Sells

Rank Stock Value
1
APC
Anadarko Petroleum
APC
+$173M
2
ARRY
Array Biopharma Inc
ARRY
+$109M
3
RHT
Red Hat Inc
RHT
+$72.2M
4
SFLY
Shutterfly, Inc.
SFLY
+$64.6M
5
DATA
Tableau Software, Inc.
DATA
+$56.5M

Sector Composition

Rank Sector Weight
1 Healthcare 64.31%
2 Technology 23.87%
3 Energy 11.56%
4 Communication Services 0.26%
5 Consumer Discretionary 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CELG
1
DELISTED
Celgene Corp
CELG
$256M 48.1%
2,578,428
+98,933
+4% +$9.4M
CBLK
2
DELISTED
Carbon Black, Inc. Common Stock
CBLK
$51.1M 9.59%
+1,965,000
New +$43.4M
BPL
3
DELISTED
Buckeye Partners, L.P.
BPL
$47.3M 8.88%
+1,150,426
New +$47.4M
AABA
4
DELISTED
Altaba Inc
AABA
$35.6M 6.68%
+1,825,000
New +$121M
CVRS
5
DELISTED
CORINDUS VASCULAR ROBOTICS, INC
CVRS
$30.8M 5.79%
+7,200,000
New +$26.1M
CNC icon
6
Centene
CNC
$31.3B
$28.1M 5.28%
649,516
+87,880
+16% +$4.28M
CBM
7
DELISTED
Cambrex Corporation
CBM
$27.4M 5.14%
+460,075
New +$24.6M
PSDO
8
DELISTED
Presidio, Inc. Common Stock
PSDO
$20.6M 3.88%
+1,220,579
New +$18.2M
TYPE
9
DELISTED
Monotype Imaging Holdings Inc.
TYPE
$19.8M 3.72%
+1,000,000
New +$19M
WES icon
10
Western Midstream Partners
WES
$19.6B
$14.3M 2.68%
572,592
+296,592
+107% +$7.89M
TMUS icon
11
T-Mobile US
TMUS
$193B
$1.4M 0.26%
+17,792
New +$1.39M
MTFBW
12
DELISTED
Motif Bio plc Warrants to Purchase ADRs
MTFBW
$2K ﹤0.01%
97,200
– –
AUTL
13
Autolus Therapeutics
AUTL
$386M
– –
-103,718
Closed -$1.63M
FOXA icon
14
Fox Class A
FOXA
$23.2B
– –
-1,356,438
Closed -$49M
WES icon
15
CALL
Western Midstream Partners
WES
$19.6B
– –
-11,590
Closed -$1.13M
AGN
16
DELISTED
Allergan plc
AGN
– –
-265,000
Closed -$44.3M
ZAYO
17
DELISTED
Zayo Group Holdings, Inc.
ZAYO
– –
-1,048,342
Closed -$34.7M
SFLY
18
DELISTED
Shutterfly, Inc.
SFLY
– –
-1,279,603
Closed -$64.6M
APC
19
DELISTED
Anadarko Petroleum
APC
– –
-2,449,046
Closed -$173M
DATA
20
DELISTED
Tableau Software, Inc.
DATA
– –
-344,330
Closed -$56.5M
ARRY
21
DELISTED
Array Biopharma Inc
ARRY
– –
-2,369,707
Closed -$109M
CY
22
DELISTED
Cypress Semiconductor
CY
– –
-1,500,000
Closed -$33.4M
RHT
23
DELISTED
Red Hat Inc
RHT
– –
-384,840
Closed -$72.2M
CZR
24
DELISTED
Caesars Entertainment Corporation
CZR
– –
-2,926,997
Closed -$34.2M

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AFA
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FWSM
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JDLA
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Sand Grove Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Sand Grove Capital Management held 24 positions worth $532M, down 43% from $940M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Sand Grove Capital Management withdrew a net $352M in Q3 2019, closing 12 positions. Its most notable exit was Anadarko Petroleum, an estimated $173M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 64% of assets, up from 44% a quarter earlier, followed by Technology and Energy.

Against the trend, Sand Grove Capital Management opened a new position in Altaba Inc worth $35.6M.

  • Sand Grove Capital Management's largest Q3 2019 buy was Altaba Inc: 1,825,000 shares worth $35.6M.
  • Sand Grove Capital Management added most to Celgene Corp in Q3 2019, an estimated $9.4M increase.
  • Sand Grove Capital Management fully exited Anadarko Petroleum in Q3 2019, selling an estimated $173M.
  • Sand Grove Capital Management's ten largest holdings make up 100% of its $532M portfolio in Q3 2019.
  • Sand Grove Capital Management opened 8 new positions and closed 12 in Q3 2019.
  • Sand Grove Capital Management's portfolio value fell 43% quarter-over-quarter to $532M.

Based on Sand Grove Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.