Sand Grove Capital Management LLP

Exempt adviser

CIK

1665077

Location

LONDON, X0

Portfolio Value

Small $413,832,500

Diversification

Diversified

Filing Date

Global Rank

#4,332 / 8,827 ▼ 646

Top Industry

REIT - Mortgage 27.1%

3Y Alpha vs SPY

-21.0%

Period ended 4 months ago

Filed Aug 14, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Exempt adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 284699

Roster of Nov 1, 2026

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Nov 1, 2026

$667,096,278 gross assets

LEI

549300EOZ04JQL5Q8E05

Private funds on Schedule D 7.B.(1)

As filed May 13, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$1,132,057,101 gross assets in 1 fund Hedge funds $1,132,057,101 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Jul 2026 to Nov 2026	—	—
Jul 2025 to Jun 2026	$2,346,323,986	Pooled investment vehicles (98%)
Jun 2024 to Jun 2025	$2,555,987,865	Pooled investment vehicles (98%)
Jul 2023 to May 2024	$3,593,713,335	Pooled investment vehicles (100%)
May 2023 to Jun 2023	$3,623,624,329	Pooled investment vehicles (100%)
Jul 2022 to Apr 2023	$3,623,624,329	Pooled investment vehicles (100%)

2 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 89.5% of the book (60%+)

Turnover

High turnover

189.3% over the last four quarters (100%+)

Horizon

Short horizon

Value-weighted holding period 2.3 quarters (under 4)

Closest benchmark: the S&P MidCap 400 as of 2026-06-30, active share 98.9%; sector active share 56.0% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

13 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

27.1%

+10.7 pts

Top 5

59.5%

+10.6 pts

Top 10

89.5%

+10.5 pts

HHI

1,222

Diversified+432

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Real Estate	27.1%	$112,149,501	1
Communication Services	19.6%	$80,949,504	3
Utilities	13.6%	$56,212,149	2
Healthcare	10.7%	$44,195,697	2
Industrials	9.9%	$40,763,943	2
Basic Materials	7.7%	$31,990,615	1
Financial Services	7.7%	$31,693,131	1
Technology	3.8%	$15,877,960	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
TWOD	Two Harbors Investment Corp.	+1,400,183	4,494,970	$112,149,501
AAUC	Allied Gold Corp	+209,788	1,345,274	$31,990,615
AES	Aes Corp	+135,372	1,872,474	$27,450,468
—		+28,837	1,475,644	$39,340,669
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
TXNM	Txnm Energy Inc	−155,535	506,546	$28,761,681
—		−151,063	414,723	$31,693,131
—		−53,740	90,986	$18,655,769
NSC	Norfolk Southern Corp	−5,542	99,091	$31,173,037
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
TECH	BIO-TECHNE Corp	370,990	$26,210,443
ROKU	Roku, Inc	166,158	$22,953,066
—		722,880	$17,985,254
SYNA	SYNAPTICS Inc	127,811	$15,877,960
UNF	Unifirst Corp	36,266	$9,590,906
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
PEN	Penumbra Inc	86,758	$28,488,724
IHS	IHS Holding Ltd	3,422,706	$28,168,870
SLAB	Silicon Laboratories Inc.	112,365	$23,388,774
—		930,959	$22,017,180
VAL	Valaris Ltd	173,830	$17,042,293
—		893,190	$15,184,230
DVN	Devon Energy Corp	125,960	$6,338,307
—		180,208	$6,332,509
—		82,000	$4,323,040
—		289,157	$4,074,222
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

13 tracked positions · $413,832,500 total · filing declares 14 positions · $383,233,309 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
TWOD	Two Harbors Investment Corp. Real Estate	Added	4,494,970	+1,400,183	$112,149,501	+46.2%	2	unpriced	27.10%
		Added	1,475,644	+28,837	$39,340,669	−1.0%	3	$24.79	9.51%
AAUC	Allied Gold Corp Basic Materials	Added	1,345,274	+209,788	$31,990,615	−9.2%	2	$29.91	7.73%
		Reduced	414,723	-151,063	$31,693,131	−19.3%	2	$68.46	7.66%
NSC	Norfolk Southern Corp Industrials	Reduced	99,091	-5,542	$31,173,037	+3.8%	4	$281.54	7.53%
TXNM	Txnm Energy Inc Utilities	Reduced	506,546	-155,535	$28,761,681	−25.7%	5	$55.79	6.95%
AES	Aes Corp Utilities	Added	1,872,474	+135,372	$27,450,468	+12.2%	2	$14.86	6.63%
TECH	BIO-TECHNE Corp Healthcare	NEW	370,990	NEW	$26,210,443	NEW	1	$54.00	6.33%
ROKU	Roku, Inc Communication Services	NEW	166,158	NEW	$22,953,066	NEW	1	$121.99	5.55%
		Reduced	90,986	-53,740	$18,655,769	−36.8%	4	$173.91	4.51%
		NEW	722,880	NEW	$17,985,254	NEW	1	$23.56	4.35%
SYNA	SYNAPTICS Inc Technology	NEW	127,811	NEW	$15,877,960	NEW	1	$112.90	3.84%
UNF	Unifirst Corp Industrials	NEW	36,266	NEW	$9,590,906	NEW	1	$261.22	2.32%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.