Vault-13

Sand Grove Capital Management LLP

LONDON, X0 · CIK 1665077 · 13F filing filed 2026-08-14

Exempt reporting adviser since 2026 · limited liability partnership

As an employer

In the UK

CompanyTownStaffPay gap reportFCA register
SAND GROVE CAPITAL MANAGEMENT LLP Limited Liability PartnershipFCA: Authorised · manages investments, manages AIFs, advises, deals London Authorisedmanages investments, manages AIFs, advises, deals

Sources: Companies House (accounts filed electronically; the largest groups often file on paper, so their staff numbers can be missing), the UK gender pay gap service (employers with 250+ staff) and the FCA's Financial Services Register. Contains public sector information licensed under the Open Government Licence v3.0.

$357.4m reported value -16.4% vs Q1 2026
13positions
87.8%in top 10
5 new 4 added 4 reduced 10 sold out vs Q1 2026

Options: 1 call positions ($25.8m notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#SecurityTickerShares Value% of portfolioChangeShares change
1 TWO HBRS INVT CORP COM COM 4,494,970 $55.8m15.61% 15.61% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 3.1m, Q2 2026 4.5m +1.4m +1,400,183 45.2%
2 WARNER BROS DISCOVERY INC COM SER A WBD WBD 1,475,644 $39.3m11.01% 11.01% AddedShares held: Q3 2025 0, Q4 2025 1.0m, Q1 2026 1.4m, Q2 2026 1.5m +28.8k +28,837 2.0%
3 ALLIED GOLD CORP COM NEW AAUC AAUC 1,345,274 $31.9m8.93% 8.93% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 1.1m, Q2 2026 1.3m +209.8k +209,788 18.5%
4 WEBSTER FINL CORP COM WBS WBS 414,723 $31.7m8.87% 8.87% ReducedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 565.8k, Q2 2026 414.7k -151.1k -151,063 -26.7%
5 NORFOLK SOUTHN CORP COM NSC NSC 99,091 $31.2m8.72% 8.72% ReducedShares held: Q3 2025 84.4k, Q4 2025 84.8k, Q1 2026 104.6k, Q2 2026 99.1k -5.5k -5,542 -5.3%
6 TXNM ENERGY INC COM TXNM TXNM 506,546 $28.8m8.05% 8.05% ReducedShares held: Q3 2025 593.1k, Q4 2025 596.6k, Q1 2026 662.1k, Q2 2026 506.5k -155.5k -155,535 -23.5%
7 AES CORP COM AES AES 1,872,474 $27.5m7.68% 7.68% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 1.7m, Q2 2026 1.9m +135.4k +135,372 7.8%
8 BIO-TECHNE CORP COM TECH TECH 370,990 $26.2m7.33% 7.33% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 371.0k
9 ROKU INC COM CL A ROKU ROKU 166,158 $23.0m6.42% 6.42% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 166.2k
10 ELECTRONIC ARTS INC COM EA EA 90,986 $18.7m5.22% 5.22% ReducedShares held: Q3 2025 111.3k, Q4 2025 139.6k, Q1 2026 144.7k, Q2 2026 91.0k -53.7k -53,740 -37.1%
11 AVANOS MED INC COM AVNS AVNS 722,880 $18.0m5.03% 5.03% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 722.9k
12 SYNAPTICS INC COM SYNA SYNA 127,811 $15.9m4.44% 4.44% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 127.8k
13 UNIFIRST CORP MASS COM UNF UNF 36,266 $9.6m2.68% 2.68% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 36.3k

Sold out since Q1 2026

SecurityTickerShares held beforeValue then
PENUMBRA INC PEN PEN 86,758 $28.5m86.8k shares
IHS HOLDING LIMITED IHS IHS 3,422,706 $28.2m3.4m shares
SILICON LABORATORIES INC SLAB SLAB 112,365 $23.4m112.4k shares
CLEARWATER ANALYTICS HLDGS I 930,959 $22.0m931.0k shares
VALARIS LTD VAL VAL 173,830 $17.0m173.8k shares
GREAT LAKES DREDGE & DOCK CO GLDD GLDD 893,190 $15.2m893.2k shares
DEVON ENERGY CORP NEW DVN DVN 125,960 $6.3m126.0k shares
COTERRA ENERGY INC CTRA CTRA 180,208 $6.3m180.2k shares
TERNS PHARMACEUTICALS INC 82,000 $4.3m82.0k shares
ENHABIT INC EHAB EHAB 289,157 $4.1m289.2k shares

Options (notional value)

UnderlyingTickerTypeShares controlled NotionalChange
NUVALENT INC Call Call 209,100 $25.8m209.1k shares New