Sand Grove Capital Management LLP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Sand Grove Capital Management LLP reported 6 stock positions worth $120.7 million. Its top holding was Hess (HES) at 29.5% of the portfolio, followed by Frontier Communications Pare (FYBR, 23.5%) and Kellanova (K, 16.0%). Compared with Q4 2024, it opened 2 new positions, sold out of 9, added to 2 and reduced 2. The biggest buy was a new position in Amedisys (AMED) and the biggest sale an exit from Smartsheet Class A (SMAR).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001665077
- Portfolio Value
- $120.7M (Q1 2025)
- SEC Filing
- 0001665077-25-000003 ↗ filed May 15, 2025
Holdings Value
Holdings 6 stocks · $120.7M
| HES Hess Corp. | 29.50% | 222,911 | $35.6M | Reduce -6.0% |
| FYBR Frontier Communications Pare | 23.53% | 792,099 | $28.4M | Add +9.7% |
| K Kellanova | 15.98% | 233,758 | $19.3M | Reduce -15.9% |
| AMED Amedisys Inc. | 15.02% | 195,677 | $18.1M | New |
| SPR Spirit Aerosystems Hold Class A | 11.24% | 393,815 | $13.6M | Add +11.5% |
| AZEK The Azek Co. Inc. | 4.73% | 116,693 | $5.7M | New |
Portfolio Sells Q4 2024 → Q1 2025
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −12.94 |
| SUM Summit Materials Inc. Class A | Sold out | 0.00% | −10.31 |
| EVRI Everi Holdings Inc. | Sold out | 0.00% | −7.81 |
| ALTM Arcadium Lithium PLC | Sold out | 0.00% | −7.35 |
| INFN Infinera Corp. | Sold out | 0.00% | −5.91 |
| LBRDK Liberty Broadband-C | Sold out | 0.00% | −4.70 |
| MTTR Matterport Inc. | Sold out | 0.00% | −4.05 |
| X United States Steel Corp. | Sold out | 0.00% | −1.37 |
| JBTM JBT Marel Corp. | Sold out | 0.00% | −1.34 |
| K Kellanova | Reduce -15.9% | 15.98% | +5.06 |
| HES Hess Corp. | Reduce -6.0% | 29.50% | +14.20 |
Portfolio Buys Q4 2024 → Q1 2025
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 |