Sand Grove Capital Management LLP
LONDON, X0
$357m in 13 US stocks at the end of 30 June 2026. The top 10 are 87.8% of the money. It changed about 39.3% of the portfolio this quarter.
Value
$357m
Stocks
13
Top 10 share
87.8%
Turnover
39.3%
What changed this quarter
New
Bought for the first time this quarter.
- Bio-TechneTECH7.3% of the fund
- RokuROKU6.4% of the fund
- Avanos MED5.0% of the fund
- SynapticsSYNA4.4% of the fund
- UnifirstUNF2.7% of the fund
Added
Bought more of a stock they already held.
- TWO Harbors InvestmentTWO15.6% of the fund+45%
- Allied GoldAAUC8.9% of the fund+18%
- AESAES7.7% of the fund+8%
Cut
Sold some of their stake.
- Webster FinancialWBS8.9% of the fund-27%
- Norfolk SouthernNSC8.7% of the fund-5%
- Txnm EnergyTXNM8.0% of the fund-23%
- Electronic ArtsEA5.2% of the fund-37%
Sold out
Sold their entire stake.
- PenumbraPEN-100%
- IHS HoldingIHS-100%
- Silicon LaboratoriesSLAB-100%
- Clearwater Analytics Hldgs I-100%
- ValarisVAL-100%
- Great Lakes Dredge & DockGLDD-100%
- Devon EnergyDVN-100%
- Coterra EnergyCTRA-100%
- Terns Pharmaceuticals-100%
- Enhabit-100%
Holdings
- TWO Harbors InvestmentTWO
- Share
- 15.6%
- Value
- $56m
- Shares
- 4,494,970
+45%
- Allied GoldAAUC
- Share
- 8.9%
- Value
- $32m
- Shares
- 1,345,274
+18%
- Webster FinancialWBS
- Share
- 8.9%
- Value
- $32m
- Shares
- 414,723
-27%
- Electronic ArtsEA
- Share
- 5.2%
- Value
- $19m
- Shares
- 90,986
-37%
- Avanos MED
- Share
- 5.0%
- Value
- $18m
- Shares
- 722,880
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| TWO Harbors InvestmentTWO | 15.6% | $56m | 4,494,970 | +45% |
| Warner Bros. DiscoveryWBD | 11.0% | $39m | 1,475,644 | Held |
| Allied GoldAAUC | 8.9% | $32m | 1,345,274 | +18% |
| Webster FinancialWBS | 8.9% | $32m | 414,723 | -27% |
| Norfolk SouthernNSC | 8.7% | $31m | 99,091 | -5% |
| Txnm EnergyTXNM | 8.0% | $29m | 506,546 | -23% |
| AESAES | 7.7% | $27m | 1,872,474 | +8% |
| Bio-TechneTECH | 7.3% | $26m | 370,990 | New |
| RokuROKU | 6.4% | $23m | 166,158 | New |
| Electronic ArtsEA | 5.2% | $19m | 90,986 | -37% |
| Avanos MED | 5.0% | $18m | 722,880 | New |
| SynapticsSYNA | 4.4% | $16m | 127,811 | New |
| UnifirstUNF | 2.7% | $10m | 36,266 | New |
Options (1)
- Nuvalent
- Type
- Call
- Value
- $26m
- Contracts
- 209,100
| Company | Type | Value | Contracts |
|---|---|---|---|
| Nuvalent | Call | $26m | 209,100 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 79.9% since 30 June 2025.
Where the money is
Media & telecom17.4%
Utilities15.7%
Real estate15.6%
Technology9.7%
Materials8.9%
Financial services8.9%
Industrials8.7%
Health care7.3%
Retail & consumer2.7%
Other5.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.