Sand Grove Capital Management LLP

CIK 0001665077 · Q1 2026

13F Equity AUM

$444.2M

+50.6% QoQ

Positions

+7 QoQ

AUM Rank

#4,636

Top 37%

Skill Alpha (FF)

-21.1%/yr^ns

No Clear Edge

Rank #8,165 · Top 99%

vs S&P -25.7%/yr (unadj.)

Quarters Tracked

~10 years

Portfolio Concentration

Top 5: 42.4%Top 10: 74.0%Top 20: 100.0%

WBD8.9%

WBS8.8%

TXNM8.7%

TWO8.0%

AAUC7.9%

NSC6.8%

EA6.6%

PEN6.4%

IHS6.3%

AES5.5%

Others (9)26.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Communication Services21.9%

Utilities14.2%

Healthcare12.1%

Technology10.2%

Industrials10.2%

Financial Services8.8%

Real Estate8.0%

Basic Materials7.9%

Other6.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 19Median: 5.51%Avg: 5.26%

0–0.5%

0(0.0%)

0.5–1%

2(1.9%)

1–3%

2(2.9%)

3–5%

4(16.0%)

5%+

11(79.3%)

Count of positions per weight bucket — (%) = combined portfolio weight

Loading summary cards...

Portfolio Overlap

Shared: 18Unique: 1vs 20 funds

0.2%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

0.3%

JPMORGAN CHASE & CO

0.4%

BlackRock, Inc.

0.4%

VANGUARD CAPITAL MANAGEMENT LLC

0.5%

GEODE CAPITAL MANAGEMENT, LLC

0.5%

BANK OF AMERICA CORP /DE/

0.4%

STATE STREET CORP

0.5%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.6%

FMR LLC

0.4%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

Loading overlap analysis...

Position Changes This Quarter

New15Increased4Decreased0Exited8

New Positions

WBS8.8%

+566K

TWO8.0%

+3.1M

AAUC7.9%

+1.1M

PEN6.4%

+87K

IHS6.3%

+3.4M

AES5.5%

+1.7M

SLAB5.3%

+112K

CWAN5.0%

+931K

VAL-WT3.8%

+174K

TERN3.8%

+316K

Increased

WBD8.9%

+430K(+42%)

TXNM8.7%

+65K(+11%)

NSC6.8%

+20K(+23%)

EA6.6%

+5K(+4%)

Exited

-377,962

-331,605

-1,528,853

-1,647,030

-228,799

-1,270,766

-80,821

-479,281

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...