Sand Grove Capital Management LLP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Sand Grove Capital Management LLP disclosed 12 US equity positions worth $204.7m in its Q3 2025 13F filing. The largest position was TXNM at 16.4% of the reported book, followed by KEL and NSC. Against the Q2 2025 filing, it opened 8 new positions, added to 3 and reduced 1 among the top 12 holdings.
What did Sand Grove Capital Management LLP own in Q3 2025? Top 12 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TXNM TXNM ENERGY INC | Utilities | 16.4% | $33.5m | 593,111 | 75% | added |
| 2 | KEL KELLANOVA | 13.1% | $26.7m | 325,866 | 90% | added | |
| 3 | NSC NORFOLK SOUTHN CORP | Industrials | 12.4% | $25.4m | 84,392 | – | new |
| 4 | MERUS N V | 11.0% | $22.5m | 239,378 | – | new | |
| 5 | EA ELECTRONIC ARTS INC | Communication Services | 11.0% | $22.4m | 111,275 | – | new |
| 6 | STAA STAAR SURGICAL CO | Healthcare | 10.9% | $22.3m | 829,123 | – | new |
| 7 | CYBERARK SOFTWARE LTD | 9.2% | $18.9m | 39,121 | – | new | |
| 8 | OMC OMNICOM GROUP INC | Communication Services | 7.4% | $15.1m | 185,285 | 12% | added |
| 9 | AEBA ALLETE INC | 5.5% | $11.2m | 168,499 | – | new | |
| 10 | SU6 SURMODICS INC | 1.9% | $3.9m | 129,557 | – | new | |
| 11 | CROSS CTRY HEALTHCARE INC | 1.3% | $2.7m | 191,904 | -40% | reduced | |
| 12 | RKT ROCKET COS INC | Financial Services | 0.0% | $116 | 6 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.