Sand Grove Capital Management LLP — 13F Holdings & Portfolio
CIK 1665077 · latest 13F-HR filed 2026-05-15
Sand Grove Capital Management LLP manages $444.2M in 13F-reported U.S. long-equity assets across 19 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are WBD (8.94%), WBS (8.84%), TXNM (8.71%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 14 new positions, exited 8, added to 3, and trimmed 0.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$444.2M
Long-equity book
19
Distinct positions
2026-03-31
Filed 2026-05-15
+14 / −8 / ↑3 / ↓0
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- WARNER BROS DISCOVERY INC$10.4M +35.5%
- NORFOLK SOUTHN CORP$5.6M +22.7%
- TXNM ENERGY INC$3.6M +10.2%
New Positions
- WEBSTER FINL CORP$39.3M
- TWO HARBORS INVENTMENT CORPO$35.3M
- ALLIED GOLD CORP$35.1M
- PENUMBRA INC$28.5M
- IHS HOLDING LIMITED$28.2M
Exited Positions
- HOLOGIC INC$28.2M
- AVIDITY BIOSCIENCES INC$23.9M
- DYNAVAX TECHNOLOGIES CORP$23.5M
- AMICUS THERAPEUTICS INC$23.5M
- EXACT SCIENCES CORP$23.2M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | WARNER BROS DISCOVERY INC | WBD | 934423104 | $39.7M | 8.94% | 1,446,807 | SH |
| 2 | WEBSTER FINL CORP | WBS | 947890109 | $39.3M | 8.84% | 565,786 | SH |
| 3 | TXNM ENERGY INC | TXNM | 69349H107 | $38.7M | 8.71% | 662,081 | SH |
| 4 | TWO HARBORS INVENTMENT CORPO | TWO | 90187B804 | $35.3M | 7.96% | 3,094,787 | SH |
| 5 | ALLIED GOLD CORP | AAUC | 01921D204 | $35.1M | 7.91% | 1,135,486 | SH |
| 6 | NORFOLK SOUTHN CORP | NSC | 655844108 | $30.0M | 6.76% | 104,633 | SH |
| 7 | ELECTRONIC ARTS INC | EA | 285512109 | $29.5M | 6.64% | 144,726 | SH |
| 8 | PENUMBRA INC | PEN | 70975L107 | $28.5M | 6.41% | 86,758 | SH |
| 9 | IHS HOLDING LIMITED | IHS | G4701H109 | $28.2M | 6.34% | 3,422,706 | SH |
| 10 | AES CORP | AES | 00130H105 | $24.5M | 5.51% | 1,737,102 | SH |
| 11 | SILICON LABORATORIES INC | SLAB | 826919102 | $23.4M | 5.27% | 112,365 | SH |
| 12 | CLEARWATER ANALYTICS HLDGS I | CWAN | 185123106 | $22.0M | 4.96% | 930,959 | SH |
| 13 | VALARIS LTD | VAL | G9460G101 | $17.0M | 3.84% | 173,830 | SH |
| 14 | TERNS PHARMACEUTICALS INC Call | TERN | 880881907 | $16.7M | 3.75% | 316,100 | SH |
| 15 | GREAT LAKES DREDGE & DOCK CO | GLDD | 390607109 | $15.2M | 3.42% | 893,190 | SH |
| 16 | DEVON ENERGY CORP NEW | DVN | 25179M103 | $6.3M | 1.43% | 125,960 | SH |
| 17 | COTERRA ENERGY INC | CTRA | 127097103 | $6.3M | 1.43% | 180,208 | SH |
| 18 | TERNS PHARMACEUTICALS INC | TERN | 880881107 | $4.3M | 0.97% | 82,000 | SH |
| 19 | ENHABIT INC | EHAB | 29332G102 | $4.1M | 0.92% | 289,157 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $444.2M | 19 | 0001665077-26-000011 |
| 2025-12-31 | 2026-02-17 | $295.0M | 12 | 0001665077-26-000003 |
| 2025-09-30 | 2025-11-14 | $204.7M | 12 | 0001665077-25-000009 |