Engaged Capital
Glenn WellingNewport Beach, CAfiles as Engaged Capital LLC
$323m in 9 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 16.7% of the portfolio this quarter.
Value
$323m
Stocks
9
Top 10 share
100.0%
Turnover
16.7%
What changed this quarter
New
Bought for the first time this quarter.
- FreshpetFRPT8.9% of the fund
Added
Bought more of a stock they already held.
- GXO LogisticsGXO15.5% of the fund+20%
Cut
Sold some of their stake.
- V FVFC23.4% of the fund-3%
- YETI HoldingsYETI18.3% of the fund-33%
- CognexCGNX7.6% of the fund-30%
- BlacklineBL7.2% of the fund-39%
Sold out
Sold their entire stake.
None this quarter.
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| V FVFC | 23.4% | $75m | 4,521,894 | -3% |
| YETI HoldingsYETI | 18.3% | $59m | 1,194,095 | -33% |
| GXO LogisticsGXO | 15.5% | $50m | 984,769 | +20% |
| Evolent HealthEVH | 9.3% | $30m | 5,563,912 | Held |
| FreshpetFRPT | 8.9% | $29m | 484,741 | New |
| CognexCGNX | 7.6% | $25m | 339,000 | -30% |
| BlacklineBL | 7.2% | $23m | 827,619 | -39% |
| Portillo'sPTLO | 5.1% | $16m | 3,442,990 | Held |
| BRCBRCC | 4.8% | $15m | 13,935,560 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 9.7% since 30 June 2025.
Where the money is
Retail & consumer46.7%
Industrials24.8%
Technology14.8%
Everyday goods13.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.