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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
+13.92%
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
$854M
AUM Growth
+$115M
Cap. Flow
+$74.3M
Cap. Flow %
8.7%
Top 10 Hldgs %
63.41%
Holding
48
New
21
Increased
3
Reduced
5
Closed
18

Top Buys

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$63.7M
2
VMW
VMware, Inc
VMW
+$30.8M
3
ISEE
IVERIC bio, Inc. Common Stock
ISEE
+$30.5M
4
ACI icon
Albertsons Companies
ACI
+$27M
5
SGEN
Seagen Inc. Common Stock
SGEN
+$22.4M

Top Sells

Rank Stock Value
1
SJR
Shaw Communications Inc.
SJR
+$105M
2
FHN icon
First Horizon
FHN
+$79.7M
3
OSH
Oak Street Health, Inc.
OSH
+$26.6M
4
MAXR
Maxar Technologies Inc. Common Stock
MAXR
+$24.2M
5
BKI
Black Knight, Inc. Common Stock
BKI
+$19.5M

Sector Composition

Rank Sector Weight
1 Technology 31.15%
2 Healthcare 25.53%
3 Consumer Staples 5.89%
4 Industrials 4.01%
5 Communication Services 3.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HZNP
1
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$82.4M 9.65%
801,075
-21,036
-3% -$2.22M
ATVI
2
DELISTED
Activision Blizzard
ATVI
$66.4M 7.77%
+787,492
New +$63.7M
SGEN
3
DELISTED
Seagen Inc. Common Stock
SGEN
$58.4M 6.83%
303,209
+112,813
+59% +$22.4M
TSEM icon
4
Tower Semiconductor
TSEM
$25.3B
$55.6M 6.51%
1,482,315
-202,284
-12% -$8.37M
QQQ icon
5
PUT
Invesco QQQ Trust
QQQ
$449B
$50.8M 5.94%
+137,400
New +$46.3M
ACI icon
6
Albertsons Companies
ACI
$5.57B
$50.3M 5.89%
2,303,825
+1,295,799
+129% +$27M
HZNP
7
PUT
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$49.4M 5.79%
+480,700
New +$50.7M
SIMO icon
8
Silicon Motion
SIMO
$8.29B
$44.7M 5.24%
622,319
-242,693
-28% -$15.5M
VMW
9
DELISTED
VMware, Inc
VMW
$44.2M 5.17%
307,546
+237,297
+338% +$30.8M
BKI
10
DELISTED
Black Knight, Inc. Common Stock
BKI
$39.4M 4.61%
659,797
-348,004
-35% -$19.5M
ISEE
11
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
$34M 3.99%
+865,399
New +$30.5M
CIR
12
DELISTED
CIRCOR International, Inc
CIR
$31.6M 3.7%
+559,527
New +$19.6M
ATVI
13
PUT
DELISTED
Activision Blizzard
ATVI
$25.9M 3.04%
+307,700
New +$24.9M
SIMO icon
14
PUT
Silicon Motion
SIMO
$8.29B
$21.2M 2.48%
+295,300
New +$18.9M
AJRD
15
DELISTED
Aerojet Rocketdyne Holdings
AJRD
$20.7M 2.43%
+377,458
New +$21M
DICE
16
DELISTED
DICE Therapeutics, Inc. Common Stock
DICE
$19.6M 2.3%
+422,359
New +$14.6M
UNVR
17
DELISTED
Univar Solutions Inc.
UNVR
$19.1M 2.24%
+533,935
New +$19M
NGMS
18
DELISTED
NeoGames S.A. Ordinary Shares
NGMS
$18.3M 2.14%
+699,660
New +$14.6M
ISEE
19
PUT
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
$13.9M 1.63%
+354,200
New +$12.5M
ARNC
20
DELISTED
Arconic Corporation
ARNC
$13.5M 1.58%
+457,335
New +$12.6M
AVGO icon
21
CALL
Broadcom
AVGO
$1.82T
$12.5M 1.46%
+144,000
New +$10.3M
PDCE
22
DELISTED
PDC Energy, Inc.
PDCE
$12.3M 1.44%
+172,756
New +$11.7M
KDNY
23
DELISTED
Chinook Therapeutics, Inc. Common Stock
KDNY
$12.1M 1.42%
+315,973
New +$8.11M
ABST
24
DELISTED
Absolute Software Corp
ABST
$11.8M 1.38%
+1,030,462
New +$10.3M
SYNH
25
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$11.5M 1.35%
+273,109
New +$11M
1
2

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FWSM
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Sand Grove Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Sand Grove Capital Management held 48 positions worth $854M, up 16% from $739M the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Sand Grove Capital Management deployed $74.3M of net new capital in Q2 2023, opening 21 new positions and adding to 3 existing holdings. Its largest new stake was Activision Blizzard: 787,492 shares worth $66.4M.

By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 34% a quarter earlier, followed by Healthcare and Consumer Staples.

On the sell side, the largest reduction was Black Knight, Inc. Common Stock, an estimated $19.5M trimmed.

  • Sand Grove Capital Management's largest Q2 2023 buy was Activision Blizzard: 787,492 shares worth $66.4M.
  • Sand Grove Capital Management added most to VMware, Inc in Q2 2023, an estimated $30.8M increase.
  • Sand Grove Capital Management's biggest Q2 2023 reduction was Black Knight, Inc. Common Stock, cutting an estimated $19.5M.
  • Sand Grove Capital Management fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $105M.
  • Sand Grove Capital Management's ten largest holdings make up 63% of its $854M portfolio in Q2 2023.
  • Sand Grove Capital Management opened 21 new positions and closed 18 in Q2 2023.
  • Sand Grove Capital Management's portfolio value rose 16% quarter-over-quarter to $854M.

Based on Sand Grove Capital Management's 13F filing for Q2 2023, filed 11 Aug 2023.