Sand Grove Capital Management LLP's Q4 2024 13F: 3 new positions, 4 exits
Form 13F-HR for the quarter ended Dec 31, 2024 · filed Feb 14, 2025 · 13 reported positions · accession 0001665077-25-000002
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | AMEDISYS INC (AMED) | 13.2% | — | −13.2 pts | −340K sh | −100% |
| Exited | CATALENT INC (CTLT) | 10.5% | — | −10.5 pts | −430K sh | −100% |
| New | SUMMIT MATLS INC (SUM) | — | 10.3% | +10.3 pts | +420K sh | new |
| Exited | SQUARESPACE INC (SQSP) | 8.3% | — | −8.3 pts | −442K sh | −100% |
| Exited | ALBERTSONS COS INC (ACI) | 8.1% | — | −8.1 pts | −1.09M sh | −100% |
| New | ARCADIUM LITHIUM PLC (ALTM) | — | 7.3% | +7.3 pts | +2.95M sh | new |
| Increased | SMARTSHEET INC (SMAR) | 6.4% | 12.9% | +6.6 pts | +190K sh | +66% |
| Increased | LIBERTY BROADBAND CORP (LBRDK) | 1.1% | 4.7% | +3.6 pts | +95,546 sh | +281% |
| Increased | FRONTIER COMMUNICATIONS PARE (FYBR) | 7.4% | 12.2% | +4.7 pts | +202K sh | +39% |
| Reduced | UNITED STATES STL CORP NEW (X) | 3.4% | 1.4% | −2.0 pts | −154K sh | −65% |
| New | JOHN BEAN TECHNOLOGIES CORP (JBT) | — | 1.3% | +1.3 pts | +21,775 sh | new |
| Reduced | SPIRIT AEROSYSTEMS HLDGS INC (SPR) | 5.7% | 5.8% | +0.2 pts | −80,515 sh | −19% |
| Increased | KELLANOVA (K) | 8.2% | 10.9% | +2.8 pts | +26,991 sh | +11% |
| Reduced | MATTERPORT INC (MTTR) | 3.8% | 4.1% | +0.3 pts | −310K sh | −15% |
| Increased | HESS CORP (HES) | 12.7% | 15.3% | +2.6 pts | +5,241 sh | +2% |
| Reduced | EVERI HLDGS INC (EVRI) | 6.4% | 7.8% | +1.4 pts | −11,928 sh | −1% |
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 — 93.2% of the equity book
Changes in the top 10 this quarter: SUM entered · ALTM entered · INFN entered · LBRDK entered · AMED left · CTLT left · SQSP left · ACI left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | HESS CORP (HES) | 12.7% | 15.3% | |
| 2 | SMARTSHEET INC (SMAR) | 6.4% | 12.9% | |
| 3 | FRONTIER COMMUNICATIONS PARE (FYBR) | 7.4% | 12.2% | |
| 4 | KELLANOVA (K) | 8.2% | 10.9% | |
| 5 | SUMMIT MATLS INC (SUM) | 0.0% | 10.3% | Entered the top 10 |
| 6 | EVERI HLDGS INC (EVRI) | 6.4% | 7.8% | |
| 7 | ARCADIUM LITHIUM PLC (ALTM) | 0.0% | 7.3% | Entered the top 10 |
| 8 | INFINERA CORP (INFN) | 5.0% | 5.9% | Entered the top 10 |
| 9 | SPIRIT AEROSYSTEMS HLDGS INC (SPR) | 5.7% | 5.8% | |
| 10 | LIBERTY BROADBAND CORP (LBRDK) | 1.1% | 4.7% | Entered the top 10 |
| — | AMEDISYS INC (AMED) | 13.2% | 0.0% | Left the top 10 |
| — | CATALENT INC (CTLT) | 10.5% | 0.0% | Left the top 10 |
| — | SQUARESPACE INC (SQSP) | 8.3% | 0.0% | Left the top 10 |
| — | ALBERTSONS COS INC (ACI) | 8.1% | 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 | UNITED STATES STL CORP NEW (X) | Call | 223K | 0 | $0 |