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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
+1.02%
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
$889M
AUM Growth
-$168M
Cap. Flow
-$166M
Cap. Flow %
-18.7%
Top 10 Hldgs %
99.95%
Holding
24
New
8
Increased
2
Reduced
2
Closed
10

Top Buys

Rank Stock Value
1
KSU
Kansas City Southern
KSU
+$105M
2
SAFM
Sanderson Farms Inc
SAFM
+$52.1M
3
FIVN icon
FIVE9
FIVN
+$42.6M
4
INFO
IHS Markit Ltd. Common Shares
INFO
+$36.6M
5
SJR
Shaw Communications Inc.
SJR
+$33.8M

Top Sells

Rank Stock Value
1
ALXN
Alexion Pharmaceuticals
ALXN
+$132M
2
WORK
Slack Technologies, Inc.
WORK
+$92.8M
3
PFPT
Proofpoint, Inc.
PFPT
+$49M
4
NUAN
Nuance Communications, Inc.
NUAN
+$45.4M
5
CLDR
Cloudera, Inc.
CLDR
+$37.9M

Sector Composition

Rank Sector Weight
1 Communication Services 30.55%
2 Industrials 20.48%
3 Technology 14.7%
4 Healthcare 9.1%
5 Consumer Staples 5.84%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
INFO
1
DELISTED
IHS Markit Ltd. Common Shares
INFO
$238M 26.74%
2,037,986
+310,290
+18% +$36.6M
KSU
2
DELISTED
Kansas City Southern
KSU
$178M 19.97%
655,934
+377,578
+136% +$105M
XLNX
3
DELISTED
Xilinx Inc
XLNX
$141M 15.89%
935,339
– –
NUAN
4
DELISTED
Nuance Communications, Inc.
NUAN
$93.4M 10.51%
1,697,215
-826,533
-33% -$45.4M
COHR
5
DELISTED
Coherent Inc
COHR
$80.9M 9.1%
323,373
– –
SAFM
6
DELISTED
Sanderson Farms Inc
SAFM
$51.9M 5.84%
+275,886
New +$52.1M
FIVN icon
7
FIVE9
FIVN
$2.08B
$37.3M 4.19%
+233,227
New +$42.6M
SJR
8
DELISTED
Shaw Communications Inc.
SJR
$33.8M 3.81%
+1,165,500
New +$33.8M
GNOG
9
DELISTED
Golden Nugget Online Gaming, Inc. Class A Common Stock
GNOG
$30.2M 3.39%
+1,736,878
New +$29.1M
AJRD
10
DELISTED
Aerojet Rocketdyne Holdings
AJRD
$4.53M 0.51%
+103,948
New +$4.64M
GFX.WS
11
DELISTED
Golden Falcon Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50
GFX.WS
$211K 0.02%
342,550
-52,450
-13% -$40.4K
XLRN
12
CALL
DELISTED
Acceleron Pharma
XLRN
$133K 0.02%
+1,668
New +$218K
CP icon
13
CALL
Canadian Pacific Kansas City
CP
$81B
$69K 0.01%
+2,756
New +$196K
HRC
14
CALL
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$21K ﹤0.01%
+426
New +$57.5K
QQQ icon
15
PUT
Invesco QQQ Trust
QQQ
$436B
– –
-1,570
Closed -$1.38M
WTW icon
16
Willis Towers Watson
WTW
$29.8B
– –
-72,760
Closed -$16.7M
GFX
17
DELISTED
Golden Falcon Acquisition Corp.
GFX
– –
-750,000
Closed -$7.29M
CLDR
18
DELISTED
Cloudera, Inc.
CLDR
– –
-2,390,000
Closed -$37.9M
PFPT
19
DELISTED
Proofpoint, Inc.
PFPT
– –
-282,055
Closed -$49M
QTS
20
DELISTED
QTS REALTY TRUST, INC.
QTS
– –
-323,000
Closed -$25M
ALXN
21
DELISTED
Alexion Pharmaceuticals
ALXN
– –
-717,127
Closed -$132M
WORK
22
DELISTED
Slack Technologies, Inc.
WORK
– –
-2,095,000
Closed -$92.8M
LMNX
23
DELISTED
Luminex Corp
LMNX
– –
-844,096
Closed -$31.1M
BBL
24
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
– –
-539,205
Closed -$32.2M

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FWSM
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Sand Grove Capital Management's Q3 2021 Portfolio in Review

As of Q3 2021, Sand Grove Capital Management held 24 positions worth $889M, down 16% from $1.06B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Sand Grove Capital Management withdrew a net $166M in Q3 2021, closing 10 positions and reducing 2 holdings. Its most notable exit was Alexion Pharmaceuticals, an estimated $132M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 31% of assets, up from 18% a quarter earlier, followed by Industrials and Technology.

Against the trend, Sand Grove Capital Management opened a new position in Sanderson Farms Inc worth $51.9M.

  • Sand Grove Capital Management's largest Q3 2021 buy was Sanderson Farms Inc: 275,886 shares worth $51.9M.
  • Sand Grove Capital Management added most to Kansas City Southern in Q3 2021, an estimated $105M increase.
  • Sand Grove Capital Management's biggest Q3 2021 reduction was Nuance Communications, Inc., cutting an estimated $45.4M.
  • Sand Grove Capital Management fully exited Alexion Pharmaceuticals in Q3 2021, selling an estimated $132M.
  • Sand Grove Capital Management's ten largest holdings make up 100% of its $889M portfolio in Q3 2021.
  • Sand Grove Capital Management opened 8 new positions and closed 10 in Q3 2021.
  • Sand Grove Capital Management's portfolio value fell 16% quarter-over-quarter to $889M.

Based on Sand Grove Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.