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SGCM
Sand Grove Capital Management Portfolio holdings
AUM
$383M
1-Year Est. Return
123.08%
This Fund
S&P 500
This Quarter
Est. Return
+14.82%
1 Year Est. Return
+123.08%
3 Year Est. Return
+410.17%
5 Year Est. Return
+994.99%
10 Year Est. Return
+22,843.83%
AUM
$444M
AUM Growth
+$149M
(+51%)
Cap. Flow
+$137M
Cap. Flow
% of AUM
30.76%
Top 10 Holdings %
Top 10 Hldgs %
74.03%
Holding
27
New
15
Increased
4
Reduced
–
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Webster Financial
WBS
|
+$38.7M |
| 2 |
TWO
Two Harbors Investment
TWO
|
+$34.7M |
| 3 |
AAUC
Allied Gold Corp
AAUC
|
+$34.3M |
| 4 |
Penumbra
PEN
|
+$29.4M |
| 5 |
IHS Holding
IHS
|
+$27.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HOLX
Hologic
HOLX
|
+$28.2M |
| 2 |
RNAM
Avidity Biosciences
RNAM
|
+$23.9M |
| 3 |
DVAX
Dynavax Technologies
DVAX
|
+$23.5M |
| 4 |
FOLD
Amicus Therapeutics
FOLD
|
+$23.5M |
| 5 |
EXAS
Exact Sciences
EXAS
|
+$23.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 15.59% |
| 2 | Real Estate | 14.3% |
| 3 | Utilities | 14.22% |
| 4 | Technology | 10.22% |
| 5 | Industrials | 10.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Warner Bros
WBD
$69.6B
| $39.7M | 8.94% |
1,446,807
+429,663
| +42% | +$12M |
|
|
2
Webster Financial
WBS
$12.8B
| $39.3M | 8.84% |
+565,786
| New | +$38.7M |
|
|
TXNM
3
TXNM Energy Inc
TXNM
$5.91B
| $38.7M | 8.71% |
662,081
+65,489
| +11% | +$3.86M |
|
|
TWO
4
Two Harbors Investment
TWO
$1.26B
| $35.3M | 7.96% |
+3,094,787
| New | +$34.7M |
|
|
AAUC
5
Allied Gold Corp
AAUC
$3.19B
| $35.1M | 7.91% |
+1,135,486
| New | +$34.3M |
|
6
Norfolk Southern
NSC
$75.4B
| $30M | 6.76% |
104,633
+19,847
| +23% | +$5.9M |
|
|
EA
7
DELISTED
Electronic Arts
EA
| $29.5M | 6.64% |
144,726
+5,131
| +4% | +$1.04M |
|
|
8
Penumbra
PEN
$12.9B
| $28.5M | 6.41% |
+86,758
| New | +$29.4M |
|
|
9
IHS Holding
IHS
$2.82B
| $28.2M | 6.34% |
+3,422,706
| New | +$27.4M |
|
10
AES
AES
$10.5B
| $24.5M | 5.51% |
+1,737,102
| New | +$25.9M |
|
11
Silicon Laboratories
SLAB
$7.29B
| $23.4M | 5.27% |
+112,365
| New | +$20.6M |
|
|
CWAN
12
DELISTED
Clearwater Analytics
CWAN
| $22M | 4.96% |
+930,959
| New | +$22M |
|
13
Valaris
VAL
$5.97B
| $17M | 3.84% |
+173,830
| New | +$13.5M |
|
|
TERN
14
CALL
DELISTED
Terns Pharmaceuticals
TERN
| $16.7M | 3.75% |
+316,100
| New | +$13M |
|
|
GLDD
15
DELISTED
Great Lakes Dredge & Dock
GLDD
| $15.2M | 3.42% |
+893,190
| New | +$14.2M |
|
16
Devon Energy
DVN
$50.1B
| $6.34M | 1.43% |
+125,960
| New | +$5.4M |
|
|
CTRA
17
DELISTED
Coterra Energy
CTRA
| $6.33M | 1.43% |
+180,208
| New | +$5.42M |
|
|
TERN
18
DELISTED
Terns Pharmaceuticals
TERN
| $4.32M | 0.97% |
+82,000
| New | +$3.37M |
|
|
EHAB
19
DELISTED
Enhabit
EHAB
| $4.07M | 0.92% |
+289,157
| New | +$3.46M |
|
20
Axalta
AXTA
$7.95B
| – | – |
-479,281
| Closed | -$15.5M |
|
|
CDTX
21
DELISTED
Cidara Therapeutics
CDTX
| – | – |
-80,821
| Closed | -$17.9M |
|
|
DVAX
22
DELISTED
Dynavax Technologies
DVAX
| – | – |
-1,528,853
| Closed | -$23.5M |
|
|
EXAS
23
DELISTED
Exact Sciences
EXAS
| – | – |
-228,799
| Closed | -$23.2M |
|
|
FOLD
24
DELISTED
Amicus Therapeutics
FOLD
| – | – |
-1,647,030
| Closed | -$23.5M |
|
|
HOLX
25
DELISTED
Hologic
HOLX
| – | – |
-377,962
| Closed | -$28.2M |
|
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Sand Grove Capital Management's Q1 2026 Portfolio in Review
As of Q1 2026, Sand Grove Capital Management held 27 positions worth $444M, up 51% from $295M the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Sand Grove Capital Management deployed $137M of net new capital in Q1 2026, opening 15 new positions and adding to 4 existing holdings. Its largest new stake was Webster Financial: 565,786 shares worth $39.3M.
By sector, the portfolio is most concentrated in Communication Services at 16% of assets, down from 20% a quarter earlier, followed by Real Estate and Utilities.
On the sell side, the most notable exit was Hologic, an estimated $28.2M sold.
- Sand Grove Capital Management's largest Q1 2026 buy was Webster Financial: 565,786 shares worth $39.3M.
- Sand Grove Capital Management added most to Warner Bros in Q1 2026, an estimated $12M increase.
- Sand Grove Capital Management fully exited Hologic in Q1 2026, selling an estimated $28.2M.
- Sand Grove Capital Management's ten largest holdings make up 74% of its $444M portfolio in Q1 2026.
- Sand Grove Capital Management opened 15 new positions and closed 8 in Q1 2026.
- Sand Grove Capital Management's portfolio value rose 51% quarter-over-quarter to $444M.
Based on Sand Grove Capital Management's 13F filing for Q1 2026, filed 15 May 2026.