Sand Grove Capital Management LLP: TXNM ENERGY INC (TXNM): Quarterly 13F Position History
As of Q1 2026, Sand Grove Capital Management LLP reported 662,081 shares of TXNM ENERGY INC (TXNM), worth $38.7M and representing 9.1% of its 13F equity book. Quarter-over-quarter share count change: + 65,489 (+11.0%) . The position first appeared in Q2 2025 and has been disclosed across 4 13F-HR filings in Pactolio's tracked window.
- 662,081Shares Held (Latest Filing)
- $38.7MReported Market Value (Latest Filing)
- 9.1%Portfolio Weight (% of 13F Equity Book)
- +65,489Quarter-over-Quarter Share Change
- +$3.6MQuarter-over-Quarter Value Change
- 662,081Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 4 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 662,081 | +65,489 | +11.0% | $38.7M | 9.1% | $58.5 |
| Q4 2025 | 596,592 | +3,481 | +0.6% | $35.1M | 11.9% | $58.9 |
| Q3 2025 | 593,111 | +253,907 | +74.9% | $33.5M | 16.4% | $56.5 |
| Q2 2025 | 339,204 | — | — | $19.1M | 9.6% | $56.3 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Sand Grove Capital Management LLP first disclose a TXNM position in 13F-HR filings?
Sand Grove Capital Management LLP first reported TXNM ENERGY INC (TXNM) on its 13F-HR filing for the period ending 2025-06-30 (Q2 2025). The position has appeared on 4 reported quarters within Pactolio's tracked window.
What was Sand Grove Capital Management LLP's most recent quarter-over-quarter share-count change in TXNM?
Between Q4 2025 and Q1 2026, Sand Grove Capital Management LLP added 65,489 shares of TXNM (+11.0%), bringing the total reported position to 662,081 shares at a market value of $38.7M.
Does the implied price-per-share represent Sand Grove Capital Management LLP's cost basis in TXNM?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.