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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
+12.36%
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
$256M
AUM Growth
-$86M
Cap. Flow
-$94.9M
Cap. Flow %
-37.05%
Top 10 Hldgs %
84.11%
Holding
28
New
8
Increased
3
Reduced
4
Closed
13

Top Buys

Rank Stock Value
1
K
Kellanova
K
+$17.9M
2
FYBR
Frontier Communications
FYBR
+$15.6M
3
SPR
Spirit AeroSystems
SPR
+$14.9M
4
EVRI
Everi Holdings
EVRI
+$14.2M
5
SMAR
Smartsheet Inc.
SMAR
+$13.9M

Top Sells

Rank Stock Value
1
CERE
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
+$37.6M
2
HOLI
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
+$30.9M
3
ACI icon
Albertsons Companies
ACI
+$19.7M
4
SRDX
Surmodics
SRDX
+$14.9M
5
AGR
Avangrid, Inc.
AGR
+$10.8M

Sector Composition

Rank Sector Weight
1 Healthcare 22.98%
2 Technology 22.72%
3 Consumer Staples 15.74%
4 Energy 12.29%
5 Communication Services 8.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMED
1
DELISTED
Amedisys
AMED
$32.8M 12.82%
340,056
-95,010
-22% -$9.27M
HES
2
DELISTED
Hess
HES
$31.5M 12.29%
231,833
-75,962
-25% -$10.6M
CTLT
3
DELISTED
CATALENT, INC.
CTLT
$26M 10.17%
429,848
-57,346
-12% -$3.39M
SQSP
4
DELISTED
Squarespace, Inc.
SQSP
$20.5M 8.01%
441,548
+214,300
+94% +$9.61M
K
5
DELISTED
Kellanova
K
$20.3M 7.91%
+250,946
New +$17.9M
ACI icon
6
Albertsons Companies
ACI
$5.91B
$20.1M 7.83%
1,085,108
-1,008,473
-48% -$19.7M
FYBR
7
DELISTED
Frontier Communications
FYBR
$18.5M 7.22%
+520,406
New +$15.6M
SMAR
8
DELISTED
Smartsheet Inc.
SMAR
$15.8M 6.19%
+286,305
New +$13.9M
EVRI
9
DELISTED
Everi Holdings
EVRI
$15.8M 6.17%
+1,202,894
New +$14.2M
SPR
10
DELISTED
Spirit AeroSystems
SPR
$14.1M 5.51%
+433,669
New +$14.9M
INFN
11
DELISTED
Infinera Corporation Common Stock
INFN
$12.5M 4.89%
+1,854,300
New +$11.4M
MTTR
12
DELISTED
Matterport, Inc. Class A Common Stock
MTTR
$9.32M 3.64%
2,071,883
+1,094,879
+112% +$4.77M
X
13
DELISTED
US Steel
X
$8.37M 3.27%
236,906
+26,377
+13% +$1M
X
14
CALL
DELISTED
US Steel
X
$7.87M 3.07%
+222,700
New +$8.48M
LBRDK icon
15
Liberty Broadband Class C
LBRDK
$4.89B
$2.63M 1.03%
+33,993
New +$2.1M
AGS
16
DELISTED
PlayAGS
AGS
– –
-894,564
Closed -$10.3M
ANSS
17
DELISTED
Ansys
ANSS
– –
-12,583
Closed -$4.05M
JNPR
18
DELISTED
Juniper Networks
JNPR
– –
-282,638
Closed -$10.3M
SRDX
19
DELISTED
Surmodics
SRDX
– –
-355,317
Closed -$14.9M
TFPM icon
20
Triple Flag Precious Metals
TFPM
$5.93B
– –
-74,022
Closed -$1.15M
AGR
21
DELISTED
Avangrid, Inc.
AGR
– –
-303,361
Closed -$10.8M
NVEI
22
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
– –
-308,944
Closed -$10M
SRCL
23
DELISTED
Stericycle Inc
SRCL
– –
-170,878
Closed -$9.93M
CERE
24
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
– –
-919,023
Closed -$37.6M
SLCA
25
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
– –
-655,174
Closed -$10.1M
1
2

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Sand Grove Capital Management's Q3 2024 Portfolio in Review

As of Q3 2024, Sand Grove Capital Management held 28 positions worth $256M, down 25% from $342M the previous quarter. Its ten largest holdings account for 84% of the portfolio.

Sand Grove Capital Management withdrew a net $94.9M in Q3 2024, closing 13 positions and reducing 4 holdings. Its most notable exit was Cerevel Therapeutics Holdings, Inc. Common Stock, an estimated $37.6M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 23% of assets, down from 35% a quarter earlier, followed by Technology and Consumer Staples.

Against the trend, Sand Grove Capital Management opened a new position in Kellanova worth $20.3M.

  • Sand Grove Capital Management's largest Q3 2024 buy was Kellanova: 250,946 shares worth $20.3M.
  • Sand Grove Capital Management added most to Squarespace, Inc. in Q3 2024, an estimated $9.61M increase.
  • Sand Grove Capital Management's biggest Q3 2024 reduction was Albertsons Companies, cutting an estimated $19.7M.
  • Sand Grove Capital Management fully exited Cerevel Therapeutics Holdings, Inc. Common Stock in Q3 2024, selling an estimated $37.6M.
  • Sand Grove Capital Management's ten largest holdings make up 84% of its $256M portfolio in Q3 2024.
  • Sand Grove Capital Management opened 8 new positions and closed 13 in Q3 2024.
  • Sand Grove Capital Management's portfolio value fell 25% quarter-over-quarter to $256M.

Based on Sand Grove Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.