Sand Grove Capital Management LLP's Q1 2022 13F: 12 new positions, 8 exits
Form 13F-HR for the quarter ended Mar 31, 2022 · filed May 16, 2022 · 16 reported positions · accession 0001665077-22-000004
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | XILINX INC (XLNX) | 26.6% | — | −26.6 pts | −985K sh | −100% |
| Exited | IHS MARKIT LTD (INFO) | 26.2% | — | −26.2 pts | −1.55M sh | −100% |
| Exited | NUANCE COMMUNICATIONS INC (NUAN) | 11.9% | — | −11.9 pts | −1.7M sh | −100% |
| New | ACTIVISION BLIZZARD INC (ATVI) | — | 10.4% | +10.4 pts | +1.08M sh | new |
| New | TOWER SEMICONDUCTOR LTD (TSEM) | — | 9.3% | +9.3 pts | +1.61M sh | new |
| New | HOUGHTON MIFFLIN HARCOURT CO (HMHC) | — | 7.6% | +7.6 pts | +3.03M sh | new |
| New | VONAGE HLDGS CORP (VG) | — | 6.5% | +6.5 pts | +2.67M sh | new |
| New | SOUTH JERSEY INDS INC (SJI) | — | 5.4% | +5.4 pts | +1.32M sh | new |
| New | LHC GROUP INC (LHCG) | — | 5.4% | +5.4 pts | +269K sh | new |
| New | ANAPLAN INC (PLAN) | — | 5.4% | +5.4 pts | +690K sh | new |
| New | MANDIANT INC (MNDT) | — | 5.4% | +5.4 pts | +2.01M sh | new |
| New | ALLEGHANY CORP MD (Y) | — | 5.3% | +5.3 pts | +52,774 sh | new |
| New | MERITOR INC (MTOR) | — | 4.9% | +4.9 pts | +1.15M sh | new |
| New | MONEYGRAM INTL INC (MGI) | — | 4.3% | +4.3 pts | +3.37M sh | new |
| Exited | AEROJET ROCKETDYNE HLDGS INC (AJRD) | 3.3% | — | −3.3 pts | −549K sh | −100% |
| Exited | CYRUSONE INC (CONE) | 3.1% | — | −3.1 pts | −268K sh | −100% |
| New | NIELSEN HLDGS PLC (NLSN) | — | 2.7% | +2.7 pts | +841K sh | new |
| Increased | SANDERSON FARMS INC (SAFM) | 11.1% | 11.4% | +0.3 pts | +50,744 sh | +11% |
| Exited | SPX FLOW INC (FLOW) | 1.0% | — | −1.0 pts | −86,377 sh | −100% |
| Increased | COHERENT INC (COHR) | 11.0% | 11.2% | +0.2 pts | +18,652 sh | +6% |
| Exited | MOMENTIVE GLOBAL INC (MNTV) | 0.4% | — | −0.4 pts | −160K sh | −100% |
| Exited | PRETIUM RES INC (PVG) | 0.4% | — | −0.4 pts | −208K sh | −100% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 77.9% of the equity book
Changes in the top 10 this quarter: ATVI entered · TSEM entered · HMHC entered · VG entered · SJI entered · LHCG entered · PLAN entered · MNDT entered · XLNX left · INFO left · NUAN left · SJR left · AJRD left · CONE left · FLOW left · MNTV left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SANDERSON FARMS INC (SAFM) | 11.1% | 11.4% | |
| 2 | COHERENT INC (COHR) | 11.0% | 11.2% | |
| 3 | ACTIVISION BLIZZARD INC (ATVI) | 0.0% | 10.4% | Entered the top 10 |
| 4 | TOWER SEMICONDUCTOR LTD (TSEM) | 0.0% | 9.3% | Entered the top 10 |
| 5 | HOUGHTON MIFFLIN HARCOURT CO (HMHC) | 0.0% | 7.6% | Entered the top 10 |
| 6 | VONAGE HLDGS CORP (VG) | 0.0% | 6.5% | Entered the top 10 |
| 7 | SOUTH JERSEY INDS INC (SJI) | 0.0% | 5.4% | Entered the top 10 |
| 8 | LHC GROUP INC (LHCG) | 0.0% | 5.4% | Entered the top 10 |
| 9 | ANAPLAN INC (PLAN) | 0.0% | 5.4% | Entered the top 10 |
| 10 | MANDIANT INC (MNDT) | 0.0% | 5.4% | Entered the top 10 |
| — | XILINX INC (XLNX) | 26.6% | 0.0% | Left the top 10 |
| — | IHS MARKIT LTD (INFO) | 26.2% | 0.0% | Left the top 10 |
| — | NUANCE COMMUNICATIONS INC (NUAN) | 11.9% | 0.0% | Left the top 10 |
| — | SHAW COMMUNICATIONS INC (SJR) | 5.1% | 4.9% | Left the top 10 |
| — | AEROJET ROCKETDYNE HLDGS INC (AJRD) | 3.3% | 0.0% | Left the top 10 |
| — | CYRUSONE INC (CONE) | 3.1% | 0.0% | Left the top 10 |
| — | SPX FLOW INC (FLOW) | 1.0% | 0.0% | Left the top 10 |
| — | MOMENTIVE GLOBAL INC (MNTV) | 0.4% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | XILINX INC (XLNX) | Call | 807 | 0 | $0 |
| New | SANDERSON FARMS INC (SAFM) | Put | 0 | 597 | $382K |