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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
+36.59%
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
$322M
AUM Growth
-$210M
Cap. Flow
-$141M
Cap. Flow %
-43.66%
Top 10 Hldgs %
99.99%
Holding
22
New
10
Increased
–
Reduced
–
Closed
11

Top Buys

Rank Stock Value
1
TSG
The Stars Group Inc.
TSG
+$90.6M
2
TIF
Tiffany & Co.
TIF
+$61.2M
3
BBL
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
+$58.8M
4
CISN
Cision Ltd. Ordinary Share
CISN
+$50.1M
5
TECD
Tech Data Corp
TECD
+$33.9M

Top Sells

Rank Stock Value
1
CELG
Celgene Corp
CELG
+$256M
2
CBLK
Carbon Black, Inc. Common Stock
CBLK
+$51.1M
3
BPL
Buckeye Partners, L.P.
BPL
+$47.3M
4
AABA
Altaba Inc
AABA
+$35.6M
5
CVRS
CORINDUS VASCULAR ROBOTICS, INC
CVRS
+$30.8M

Sector Composition

Rank Sector Weight
1 Technology 21.05%
2 Communication Services 18.8%
3 Healthcare 14.21%
4 Industrials 6.76%
5 Financials 6.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSG
1
DELISTED
The Stars Group Inc.
TSG
$60.6M 18.8%
+4,046,447
New +$90.6M
BBL
2
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
$57.3M 17.77%
+1,336,940
New +$58.8M
TIF
3
DELISTED
Tiffany & Co.
TIF
$48M 14.88%
+517,712
New +$61.2M
CISN
4
DELISTED
Cision Ltd. Ordinary Share
CISN
$40.4M 12.52%
+5,248,905
New +$50.1M
CNC icon
5
Centene
CNC
$31.6B
$28.1M 8.72%
649,516
– –
TECD
6
DELISTED
Tech Data Corp
TECD
$27.5M 8.53%
+263,674
New +$33.9M
AYR
7
DELISTED
Aircastle Ltd
AYR
$21.8M 6.76%
+972,226
New +$28.1M
AMTD
8
DELISTED
TD Ameritrade Holding Corp
AMTD
$21M 6.52%
+450,000
New +$19.5M
QGEN icon
9
Qiagen
QGEN
$8.47B
$17.7M 5.49%
+506,250
New +$18.8M
CBPO
10
DELISTED
China Biologic Products Holdings, Inc.
CBPO
$27K 0.01%
+237
New +$27.4K
WES icon
11
CALL
Western Midstream Partners
WES
$19.3B
$17K 0.01%
+2,869
New +$59.5K
TMUS icon
12
T-Mobile US
TMUS
$190B
– –
-17,792
Closed -$1.4M
WES icon
13
Western Midstream Partners
WES
$19.3B
– –
-572,592
Closed -$11.9M
PSDO
14
DELISTED
Presidio, Inc. Common Stock
PSDO
– –
-1,220,579
Closed -$20.6M
MTFBW
15
DELISTED
Motif Bio plc Warrants to Purchase ADRs
MTFBW
– –
-97,200
Closed -$2K
CBM
16
DELISTED
Cambrex Corporation
CBM
– –
-460,075
Closed -$27.4M
BPL
17
DELISTED
Buckeye Partners, L.P.
BPL
– –
-1,150,426
Closed -$47.3M
CVRS
18
DELISTED
CORINDUS VASCULAR ROBOTICS, INC
CVRS
– –
-7,200,000
Closed -$30.8M
TYPE
19
DELISTED
Monotype Imaging Holdings Inc.
TYPE
– –
-1,000,000
Closed -$19.8M
CBLK
20
DELISTED
Carbon Black, Inc. Common Stock
CBLK
– –
-1,965,000
Closed -$51.1M
AABA
21
DELISTED
Altaba Inc
AABA
– –
-1,825,000
Closed -$35.6M
CELG
22
DELISTED
Celgene Corp
CELG
– –
-2,578,428
Closed -$256M

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WCP
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ACA
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AFA
Abacus FCF Advisors Orlando, Florida $444M AUM 44.44% 1-Year Est. Return
FWSM
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JDLA
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TAS
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MLIC
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Sand Grove Capital Management's Q4 2019 Portfolio in Review

As of Q4 2019, Sand Grove Capital Management held 22 positions worth $322M, down 39% from $532M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Sand Grove Capital Management withdrew a net $141M in Q4 2019, closing 11 positions. Its most notable exit was Celgene Corp, an estimated $256M position sold in full.

By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 24% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, Sand Grove Capital Management opened a new position in The Stars Group Inc. worth $60.6M.

  • Sand Grove Capital Management's largest Q4 2019 buy was The Stars Group Inc.: 4,046,447 shares worth $60.6M.
  • Sand Grove Capital Management fully exited Celgene Corp in Q4 2019, selling an estimated $256M.
  • Sand Grove Capital Management's ten largest holdings make up 100% of its $322M portfolio in Q4 2019.
  • Sand Grove Capital Management opened 10 new positions and closed 11 in Q4 2019.
  • Sand Grove Capital Management's portfolio value fell 39% quarter-over-quarter to $322M.

Based on Sand Grove Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.