Institutional
Sand Grove Capital Management LLP
CIK 0001665077
$444.2M
Reported AUM
19
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · Sand Grove Capital Management LLP · Q1 2026
AI · grounded in 13F
Sand Grove Capital Management LLP established a new position in WBS worth $39.3M. The fund also opened new stakes in TWO HARBORS INVENTMENT CORPO for $35.3M and AAUC for $35.1M. To fund these moves, the manager closed several positions, including HO1 for $28.2M and DVAX for $23.5M.
Portfolio · Q1 2026
Top holdings
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | WBD | WARNER BROS DISCOVERY INC | $25.47 | -0.66% | 97.90% | -11.69% | $39.7M | 8.94% | — | HELD |
| 2 | WBS | WEBSTER FINL CORP | $77.30 | 1.91% | 38.87% | 74.52% | $39.3M | 8.84% | — | HELD |
| 3 | TXNM | TXNM ENERGY INC | $57.97 | 0.49% | 4.81% | 35.90% | $38.7M | 8.71% | — | HELD |
| 4 | TWO | TWO HARBORS INVENTMENT CORPO | $12.11 | 0.08% | 40.37% | -8.69% | $35.3M | 7.96% | — | HELD |
| 5 | AAUC | ALLIED GOLD CORP | $17.84 | 4.76% | 35.77% | 149.02% | $35.1M | 7.91% | — | HELD |
| 6 | NSC | NORFOLK SOUTHN CORP | $333.93 | -0.54% | 23.15% | 45.69% | $30.0M | 6.76% | — | HELD |
| 7 | EA | ELECTRONIC ARTS INC | $209.59 | 0.33% | 33.52% | 47.52% | $29.5M | 6.64% | — | HELD |
| 8 | PEN | PENUMBRA INC | $319.83 | -0.09% | 31.23% | 15.98% | $28.5M | 6.41% | — | HELD |
| 9 | IHS | IHS HOLDING LIMITED | $8.20 | -0.85% | 26.35% | -39.21% | $28.2M | 6.34% | — | HELD |
| 10 | AES | AES CORP | $14.85 | 0.20% | 16.20% | -24.93% | $24.5M | 5.51% | — | HELD |
| 11 | SLAB | SILICON LABORATORIES INC | $216.93 | 0.23% | 68.08% | 37.32% | $23.4M | 5.27% | — | HELD |
| 12 | CWAN | CLEARWATER ANALYTICS HLDGS I | — | — | — | — | $22.0M | 4.96% | — | HELD |
| 13 | VAL | VALARIS LTD | $75.58 | 1.89% | 64.13% | 150.32% | $17.0M | 3.84% | — | HELD |
| 14 | — | TERNS PHARMACEUTICALS INC | — | — | — | — | $16.7M | 3.75% | — | HELD |
| 15 | GLDD | GREAT LAKES DREDGE & DOCK CO | — | — | — | — | $15.2M | 3.42% | — | HELD |
| 16 | DVN | DEVON ENERGY CORP NEW | $44.17 | -0.65% | 40.97% | 91.42% | $6.3M | 1.43% | — | HELD |
| 17 | CTRA | COTERRA ENERGY INC | — | — | — | — | $6.3M | 1.43% | — | HELD |
| 18 | 430 | TERNS PHARMACEUTICALS INC | — | — | — | — | $4.3M | 0.97% | — | HELD |
| 19 | EHABUSD | ENHABIT INC | — | — | — | — | $4.1M | 0.92% | — | HELD |
Source: SEC EDGAR · accession 0001665077-26-000011. 13F discloses long positions only — shorts, foreign equities, and options are excluded.