Sand Grove Capital Management LLP's Q4 2022 13F: 8 new positions, 9 exits
Form 13F-HR for the quarter ended Dec 31, 2022 · filed Feb 14, 2023 · 20 reported positions · accession 0001665077-23-000004
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | TWITTER INC (TWTR) | 8.8% | — | −8.8 pts | −2.09M sh | −100% |
| Exited | LHC GROUP INC (LHCG) | 6.0% | — | −6.0 pts | −381K sh | −100% |
| New | HORIZON THERAPEUTICS PUB L (HZNP) | — | 3.7% | +3.7 pts | +340K sh | new |
| New | COUPA SOFTWARE INC (COUP) | — | 3.7% | +3.7 pts | +481K sh | new |
| New | MAXAR TECHNOLOGIES INC (MAXR) | — | 3.7% | +3.7 pts | +735K sh | new |
| Increased | 1LIFE HEALTHCARE INC (ONEM) | 5.2% | 8.6% | +3.4 pts | +2.2M sh | +70% |
| Exited | ZENDESK INC (ZEN) | 3.5% | — | −3.5 pts | −477K sh | −100% |
| Exited | TENNECO INC (TEN) | 3.5% | — | −3.5 pts | −2.09M sh | −100% |
| New | ALTRA INDL MOTION CORP (AIMC) | — | 2.8% | +2.8 pts | +478K sh | new |
| Reduced | YAMANA GOLD INC (AUY) | 4.0% | 2.3% | −1.6 pts | −4.71M sh | −52% |
| Increased | STORE CAP CORP (STOR) | 3.5% | 5.6% | +2.1 pts | +640K sh | +55% |
| Increased | SOUTH JERSEY INDS INC (SJI) | 5.7% | 8.0% | +2.3 pts | +559K sh | +32% |
| New | VMWARE INC (VMW) | — | 1.9% | +1.9 pts | +159K sh | new |
| Exited | SIGNIFY HEALTH INC (SGFY) | 1.8% | — | −1.8 pts | −641K sh | −100% |
| New | MERIDIAN BIOSCIENCE INC (VIVO) | — | 1.7% | +1.7 pts | +537K sh | new |
| Exited | AVALARA INC (AVLR) | 1.3% | — | −1.3 pts | −142K sh | −100% |
| Reduced | MONEYGRAM INTL INC (MGI) | 7.8% | 7.2% | −0.6 pts | −977K sh | −12% |
| Exited | COWEN INC (COWN) | 0.9% | — | −0.9 pts | −240K sh | −100% |
| Exited | NCR CORP NEW (VYX) | 0.8% | — | −0.8 pts | −430K sh | −100% |
| Increased | FIRST HORIZON CORPORATION (FHN) | 7.8% | 8.9% | +1.1 pts | +208K sh | +6% |
| Increased | SHAW COMMUNICATIONS INC (SJR) | 7.9% | 9.7% | +1.8 pts | +150K sh | +4% |
| Increased | SILICON MOTION TECHNOLOGY CO (SIMO) | 6.3% | 6.6% | +0.4 pts | +58,496 sh | +6% |
| Increased | BLACK KNIGHT INC (BKI) | 8.9% | 8.9% | −0.1 pts | +56,737 sh | +4% |
| New | TEGNA INC (TGNA) | — | 0.2% | +0.2 pts | +88,308 sh | new |
| Increased | ACTIVISION BLIZZARD INC (ATVI) | 7.2% | 7.6% | +0.4 pts | +21,964 sh | +2% |
| New | FRONTLINE LTD (FROXXXX) | — | 0.2% | +0.2 pts | +134K sh | new |
| Reduced | SIERRA WIRELESS INC (SWIR) | 2.0% | 1.8% | −0.2 pts | −54,785 sh | −8% |
| Reduced | TOWER SEMICONDUCTOR LTD (TSEM) | 7.1% | 7.0% | −0.1 pts | −4,170 sh | 0% |
| Exited | GOLDEN FALCON ACQUISITION CO (GFXWS) | 0.0% | — | 0.0 pts | −343K 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 — 78.1% of the equity book
Changes in the top 10 this quarter: ONEM entered · STOR entered · TWTR left · LHCG left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SHAW COMMUNICATIONS INC (SJR) | 7.9% | 9.7% | |
| 2 | BLACK KNIGHT INC (BKI) | 8.9% | 8.9% | |
| 3 | FIRST HORIZON CORPORATION (FHN) | 7.8% | 8.9% | |
| 4 | 1LIFE HEALTHCARE INC (ONEM) | 5.2% | 8.6% | Entered the top 10 |
| 5 | SOUTH JERSEY INDS INC (SJI) | 5.7% | 8.0% | |
| 6 | ACTIVISION BLIZZARD INC (ATVI) | 7.2% | 7.6% | |
| 7 | MONEYGRAM INTL INC (MGI) | 7.8% | 7.2% | |
| 8 | TOWER SEMICONDUCTOR LTD (TSEM) | 7.1% | 7.0% | |
| 9 | SILICON MOTION TECHNOLOGY CO (SIMO) | 6.3% | 6.6% | |
| 10 | STORE CAP CORP (STOR) | 3.5% | 5.6% | Entered the top 10 |
| — | TWITTER INC (TWTR) | 8.8% | 0.0% | Left the top 10 |
| — | LHC GROUP INC (LHCG) | 6.0% | 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 |
|---|---|---|---|---|---|
| New | D R HORTON INC (DHI) | Call | 0 | 90,000 | $8.02M |