Sand Grove Capital Management LLP
Filing Date
Global Rank
#2,853
/ 8,622
▲ 1185
· as of Mar 2026
Top Industry
Entertainment
9.3%
3Y Alpha vs SPY
-22.1%
Period ended 4 months ago
Filed May 15, 2026 · 2mo
21 quarters · since Jun 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
-12.3%
SPY
+67.9%
Annualised alpha
-23.1%
Max drawdown
−36.9%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 12 quarters. Past performance does not predict future results.
Portfolio Concentration
18 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
9.3%
−6.0 pts
Top 5
44.0%
−19.4 pts
Top 10
76.9%
−23.1 pts
HHI
697
Diversified−461
Portfolio Trend
21 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Communication Services | 16.2% | $69,234,609 |
| Real Estate | 14.9% | $63,511,337 |
| Utilities | 14.8% | $63,181,022 |
| Technology | 10.6% | $45,405,954 |
| Industrials | 10.6% | $45,213,901 |
| Financial Services | 9.2% | $39,276,864 |
| Healthcare | 8.6% | $36,885,986 |
| Basic Materials | 8.2% | $35,245,485 |
| Energy | 6.9% | $29,713,109 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
4 positions
Trimmed
Positions the filer reducedNo qualifying positions this quarter.
New Positions
Positions the filer opened this quarter
14 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| WBS | Webster Financial Corp | 565,786 | $39,276,864 | |
| TWO | Two Harbors Investment Corp. | 3,094,787 | $35,342,467 | |
| AAUC | Allied Gold Corp | 1,135,486 | $35,245,485 | |
| PEN | Penumbra Inc | 86,758 | $28,488,724 | |
| IHS | IHS Holding Ltd | 3,422,706 | $28,168,870 | |
| AES | Aes Corp | 1,737,102 | $24,475,767 | |
| SLAB | Silicon Laboratories Inc. | 112,365 | $23,388,774 | |
| CWAN | Clearwater Analytics Holdings, Inc. | 930,959 | $22,017,180 | |
| VAL | Valaris Ltd | 173,830 | $17,042,293 | |
| GLDD | Great Lakes Dredge & Dock CORP | 893,190 | $15,184,230 | |
| DVN | Devon Energy Corp/De | 125,960 | $6,338,307 | |
| CTRA | Coterra Energy Inc. | 180,208 | $6,332,509 | |
| TERN | Terns Pharmaceuticals, Inc. | 82,000 | $4,323,040 | |
| EHAB | Enhabit, Inc. | 289,157 | $4,074,222 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
5 positions
18 positions ·
$427,668,267 total
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| WBD |
Warner Bros. Discovery, Inc.
Communication Services
|
Added | 1,446,807 | $39,729,320 | 9.29% | |
| WBS |
Webster Financial Corp
Financial Services
|
NEW | 565,786 | $39,276,864 | 9.18% | |
| TXNM |
Txnm Energy Inc
Utilities
|
Added | 662,081 | $38,705,255 | 9.05% | |
| TWO |
Two Harbors Investment Corp.
Real Estate
|
NEW | 3,094,787 | $35,342,467 | 8.26% | |
| AAUC |
Allied Gold Corp
Basic Materials
|
NEW | 1,135,486 | $35,245,485 | 8.24% | |
| NSC |
Norfolk Southern Corp
Industrials
|
Added | 104,633 | $30,029,671 | 7.02% | |
| EA |
Electronic Arts Inc.
Communication Services
|
Added | 144,726 | $29,505,289 | 6.90% | |
| PEN |
Penumbra Inc
Healthcare
|
NEW | 86,758 | $28,488,724 | 6.66% | |
| IHS |
IHS Holding Ltd
Real Estate
|
NEW | 3,422,706 | $28,168,870 | 6.59% | |
| AES |
Aes Corp
Utilities
|
NEW | 1,737,102 | $24,475,767 | 5.72% | |
| SLAB |
Silicon Laboratories Inc.
Technology
|
NEW | 112,365 | $23,388,774 | 5.47% | |
| CWAN |
Clearwater Analytics Holdings, Inc.
Technology
|
NEW | 930,959 | $22,017,180 | 5.15% | |
| VAL |
Valaris Ltd
Energy
|
NEW | 173,830 | $17,042,293 | 3.98% | |
| GLDD |
Great Lakes Dredge & Dock CORP
Industrials
|
NEW | 893,190 | $15,184,230 | 3.55% | |
| DVN |
Devon Energy Corp/De
Energy
|
NEW | 125,960 | $6,338,307 | 1.48% | |
| CTRA |
Coterra Energy Inc.
Energy
|
NEW | 180,208 | $6,332,509 | 1.48% | |
| TERN |
Terns Pharmaceuticals, Inc.
Healthcare
|
NEW | 82,000 | $4,323,040 | 1.01% | |
| EHAB |
Enhabit, Inc.
Healthcare
|
NEW | 289,157 | $4,074,222 | 0.95% |