Sand Grove Capital Management LLP In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Sand Grove Capital Management LLP reported 14 stock positions worth $248.2 million . Its top holding was Amedisys (AMED) at 13.2% of the portfolio, followed by Hess (HES, 12.7% ) and Catalent (CTLT, 10.5% ). Compared with Q2 2024, it opened 7 new positions, sold out of 13, added to 3 and reduced 4. The biggest buy was a new position in Kellanova (K) and the biggest sale an exit from Cerevel Therapeutics (CERE).
Location LONDON, X0
CIK 0001665077
Portfolio Value $248.2M (Q3 2024) Holdings 14 stocks · $248.2M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2024 AMED Amedisys Inc. 340,056 $32.8M Reduce -21.8% HES Hess Corp. 231,833 $31.5M Reduce -24.7% CTLT Catalent Inc. 429,848 $26.0M Reduce -11.8% SQSP Squarespace Inc. Class A 441,548 $20.5M Add +94.3% K Kellanova 250,946 $20.3M New ACI Albertsons Cos Inc. Class A 1,085,108 $20.1M Reduce -48.2% FYBR Frontier Communications Pare 520,406 $18.5M New SMAR Smartsheet Inc. Class A 286,305 $15.8M New EVRI Everi Holdings Inc. 1,202,894 $15.8M New SPR Spirit Aerosystems Hold Class A 433,669 $14.1M New INFN Infinera Corp. 1,854,300 $12.5M New MTTR Matterport Inc. 2,071,883 $9.3M Add +112.1% X United States Steel Corp. 236,906 $8.4M Add +12.5% LBRDK Liberty Broadband-C 33,993 $2.6M New
Options reported separately and not counted above: UNITED STATES STL CORP NEW calls ($7.9M).
Portfolio Sells Q2 2024 → Q3 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▲ CERE Cerevel Therapeutics Holding Sold out 0.00% −10.99 HOLI Hollysys Automation Technolo Sold out 0.00% −9.02 SRDX Surmodics Inc. Sold out 0.00% −4.37 ACI Albertsons Cos Inc. Class A Reduce -48.2% 8.08% −4.01 AGR Avangrid Inc. Sold out 0.00% −3.15 JNPR Juniper Networks Inc. Sold out 0.00% −3.01 AGS Playags Inc. Sold out 0.00% −3.01 SLCA US Silica Holdings Inc. Sold out 0.00% −2.96 NVEI Nuvei Corp.-Subordinate VTG Sold out 0.00% −2.92 SRCL Stericycle Inc. Sold out 0.00% −2.90 SBOW Silverbow Resources Inc. Sold out 0.00% −2.43 ETRN Equitrans Midstream Corp. Sold out 0.00% −2.18 ANSS Ansys Inc. Sold out 0.00% −1.18 HES Hess Corp. Reduce -24.7% 12.68% −0.59 TFPM Triple Flag Precious Met Sold out 0.00% −0.34 AMED Amedisys Inc. Reduce -21.8% 13.22% +1.55 CTLT Catalent Inc. Reduce -11.8% 10.49% +2.48
Portfolio Buys Q2 2024 → Q3 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▼ K Kellanova New 8.16% +8.16 FYBR Frontier Communications Pare New 7.45% +7.45 SMAR Smartsheet Inc. Class A New 6.39% +6.39 EVRI Everi Holdings Inc. New 6.37% +6.37 SPR Spirit Aerosystems Hold Class A New 5.68% +5.68 SQSP Squarespace Inc. Class A Add +94.3% 8.26% +5.36 INFN Infinera Corp. New 5.04% +5.04 MTTR Matterport Inc. Add +112.1% 3.76% +2.48 LBRDK Liberty Broadband-C New 1.06% +1.06 X United States Steel Corp. Add +12.5% 3.37% +1.05
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ UNITED STATES STL CORP NEW call New 222,700 $7.9M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 13 $357.4M TWO, WBD, AAUC, WBS, NSC Q1 2026 18 $427.5M WBD, WBS, TXNM, TWO, AAUC Q4 2025 12 $295.0M TXNM, WBD, EA, HOLX, NSC Q3 2025 12 $204.7M TXNM, K, NSC, MRUS, EA Q2 2025 11 $198.6M AMED, BPMC, SWTX, BASE, TXNM Q1 2025 6 $120.7M HES, FYBR, K, AMED, SPR Q4 2024 13 $206.1M HES, SMAR, FYBR, K, SUM Q3 2024 14 $248.2M AMED, HES, CTLT, SQSP, K Q2 2024 20 $342.1M HES, ACI, AMED, CERE, HOLI Q1 2024 22 $437.1M HES, PXD, ACI, HOLI, NGMS