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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
+12.21%
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
$802M
AUM Growth
-$51.8M
Cap. Flow
-$103M
Cap. Flow %
-12.83%
Top 10 Hldgs %
76.29%
Holding
48
New
18
Increased
6
Reduced
4
Closed
18

Top Buys

Rank Stock Value
1
ABCM
Abcam PLC
ABCM
+$52.4M
2
ACI icon
Albertsons Companies
ACI
+$30.5M
3
CPRI icon
Capri Holdings
CPRI
+$29.9M
4
AMED
Amedisys
AMED
+$26.1M
5
SPLK
Splunk Inc
SPLK
+$21.7M

Top Sells

Rank Stock Value
1
TSEM icon
Tower Semiconductor
TSEM
+$55.6M
2
BKI
Black Knight, Inc. Common Stock
BKI
+$39.4M
3
ISEE
IVERIC bio, Inc. Common Stock
ISEE
+$34M
4
SIMO icon
Silicon Motion
SIMO
+$27.2M
5
AJRD
Aerojet Rocketdyne Holdings
AJRD
+$20.7M

Sector Composition

Rank Sector Weight
1 Healthcare 32.79%
2 Technology 23.57%
3 Consumer Staples 11.18%
4 Consumer Discretionary 5.86%
5 Communication Services 5.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HZNP
1
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$101M 12.64%
876,810
+75,735
+9% +$8.14M
ACI icon
2
Albertsons Companies
ACI
$5.91B
$83.5M 10.41%
3,672,278
+1,368,453
+59% +$30.5M
SGEN
3
DELISTED
Seagen Inc. Common Stock
SGEN
$81M 10.09%
381,628
+78,419
+26% +$15.7M
ATVI
4
DELISTED
Activision Blizzard
ATVI
$80.6M 10.04%
860,563
+73,071
+9% +$6.67M
VMW
5
DELISTED
VMware, Inc
VMW
$69.4M 8.65%
416,747
+109,201
+36% +$17.5M
HZNP
6
PUT
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$53.1M 6.62%
458,800
-21,900
-5% -$2.35M
ABCM
7
DELISTED
Abcam PLC
ABCM
$51.6M 6.43%
+2,278,464
New +$52.4M
CPRI icon
8
Capri Holdings
CPRI
$1.82B
$34.6M 4.32%
+658,270
New +$29.9M
ATVI
9
PUT
DELISTED
Activision Blizzard
ATVI
$28.8M 3.59%
307,700
– –
SPLK
10
DELISTED
Splunk Inc
SPLK
$28M 3.49%
+191,528
New +$21.7M
AMED
11
DELISTED
Amedisys
AMED
$26.4M 3.29%
+282,850
New +$26.1M
CIR
12
DELISTED
CIRCOR International, Inc
CIR
$26.2M 3.26%
469,527
-90,000
-16% -$5.02M
NGMS
13
DELISTED
NeoGames S.A. Ordinary Shares
NGMS
$24M 2.99%
888,597
+188,937
+27% +$5.11M
CD
14
DELISTED
Chindata Group Holdings Limited American Depositary Shares
CD
$18.6M 2.32%
+2,241,601
New +$18.2M
KR icon
15
PUT
Kroger
KR
$36.7B
$14.8M 1.84%
+329,900
New +$15.5M
NEWR
16
DELISTED
New Relic, Inc.
NEWR
$13.6M 1.7%
+159,132
New +$12.8M
WRK
17
DELISTED
WestRock Company
WRK
$12.4M 1.55%
+346,783
New +$11.4M
X
18
DELISTED
US Steel
X
$11.3M 1.41%
+347,000
New +$9.73M
SGEN
19
PUT
DELISTED
Seagen Inc. Common Stock
SGEN
$9.25M 1.15%
43,600
– –
SIMO icon
20
Silicon Motion
SIMO
$7.11B
$7.4M 0.92%
144,451
-477,868
-77% -$27.2M
TWNK
21
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
$6.15M 0.77%
+184,534
New +$4.94M
SCU
22
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
$5.16M 0.64%
+445,044
New +$4.87M
SAVE
23
DELISTED
Spirit Airlines, Inc.
SAVE
$3.44M 0.43%
+208,720
New +$3.55M
RPD icon
24
Rapid7
RPD
$628M
$2.74M 0.34%
59,936
-25,822
-30% -$1.19M
EQRX
25
DELISTED
EQRx, Inc. Common Stock
EQRX
$2.71M 0.34%
+1,220,144
New +$2.61M
1
2

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Sand Grove Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Sand Grove Capital Management held 48 positions worth $802M, down 6.1% from $854M the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Sand Grove Capital Management withdrew a net $103M in Q3 2023, closing 18 positions and reducing 4 holdings. Its most notable exit was Tower Semiconductor, an estimated $55.6M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 33% of assets, up from 26% a quarter earlier, followed by Technology and Consumer Staples.

Against the trend, Sand Grove Capital Management opened a new position in Abcam PLC worth $51.6M.

  • Sand Grove Capital Management's largest Q3 2023 buy was Abcam PLC: 2,278,464 shares worth $51.6M.
  • Sand Grove Capital Management added most to Albertsons Companies in Q3 2023, an estimated $30.5M increase.
  • Sand Grove Capital Management's biggest Q3 2023 reduction was Silicon Motion, cutting an estimated $27.2M.
  • Sand Grove Capital Management fully exited Tower Semiconductor in Q3 2023, selling an estimated $55.6M.
  • Sand Grove Capital Management's ten largest holdings make up 76% of its $802M portfolio in Q3 2023.
  • Sand Grove Capital Management opened 18 new positions and closed 18 in Q3 2023.
  • Sand Grove Capital Management's portfolio value fell 6.1% quarter-over-quarter to $802M.

Based on Sand Grove Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.