Sand Grove Capital Management LLP In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Sand Grove Capital Management LLP reported 13 stock positions worth $206.1 million . Its top holding was Hess (HES) at 15.3% of the portfolio, followed by Smartsheet Class A (SMAR, 12.9% ) and Frontier Communications Pare (FYBR, 12.2% ). Compared with Q3 2024, it opened 3 new positions, sold out of 4, added to 5 and reduced 4. The biggest buy was a new position in Summit Materials Class A (SUM) and the biggest sale an exit from Amedisys (AMED).
Location LONDON, X0
CIK 0001665077
Portfolio Value $206.1M (Q4 2024) Holdings 13 stocks · $206.1M 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 Q3 2024 HES Hess Corp. 237,074 $31.5M Add +2.3% SMAR Smartsheet Inc. Class A 476,029 $26.7M Add +66.3% FYBR Frontier Communications Pare 722,084 $25.1M Add +38.8% K Kellanova 277,937 $22.5M Add +10.8% SUM Summit Materials Inc. Class A 420,002 $21.3M New EVRI Everi Holdings Inc. 1,190,966 $16.1M Reduce -1.0% ALTM Arcadium Lithium PLC 2,952,111 $15.1M New INFN Infinera Corp. 1,854,300 $12.2M No change SPR Spirit Aerosystems Hold Class A 353,154 $12.0M Reduce -18.6% LBRDK Liberty Broadband-C 129,539 $9.7M Add +281.1% MTTR Matterport Inc. 1,761,528 $8.3M Reduce -15.0% X United States Steel Corp. 83,338 $2.8M Reduce -64.8% JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP 21,775 $2.8M New
Portfolio Sells Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▲ AMED Amedisys Inc. Sold out 0.00% −13.22 CTLT Catalent Inc. Sold out 0.00% −10.49 SQSP Squarespace Inc. Class A Sold out 0.00% −8.26 ACI Albertsons Cos Inc. Class A Sold out 0.00% −8.08 X United States Steel Corp. Reduce -64.8% 1.37% −2.00 SPR Spirit Aerosystems Hold Class A Reduce -18.6% 5.84% +0.16 MTTR Matterport Inc. Reduce -15.0% 4.05% +0.30 EVRI Everi Holdings Inc. Reduce -1.0% 7.81% +1.44
Portfolio Buys Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▼ SUM Summit Materials Inc. Class A New 10.31% +10.31 ALTM Arcadium Lithium PLC New 7.35% +7.35 SMAR Smartsheet Inc. Class A Add +66.3% 12.94% +6.56 FYBR Frontier Communications Pare Add +38.8% 12.16% +4.71 LBRDK Liberty Broadband-C Add +281.1% 4.70% +3.64 K Kellanova Add +10.8% 10.92% +2.76 HES Hess Corp. Add +2.3% 15.30% +2.62 JBTM JBT Marel Corp. New 1.34% +1.34
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ UNITED STATES STL CORP NEW call Sold out 222,700 $7.9Mbefore exit
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