Engine Capital
Arnaud AjdlerNEW YORK, NYfiles as Engine Capital Management, LP
$1.0bn in 29 US stocks at the end of 30 June 2026. The top 10 are 73.5% of the money. It changed about 21.6% of the portfolio this quarter.
Value
$1.0bn
Stocks
29
Top 10 share
73.5%
Turnover
21.6%
What changed this quarter
New
Bought for the first time this quarter.
- SPS CommerceSPSC5.1% of the fund
- Honeywell AerospaceHONA2.6% of the fund
- Fuller H BFUL2.3% of the fund
- Primoris ServicesPRIM1.9% of the fund
- CbizCBZ0.6% of the fund
- CCC Intelligent Solutions HoldingsCCC0.5% of the fund
- Uber TechnologiesUBER0.4% of the fund
- NIQ Global IntelligenceNIQ0.1% of the fund
- TripAdvisorTRIP<0.1% of the fund
Added
Bought more of a stock they already held.
- BrinksBCO7.0% of the fund+38%
- National Vision HoldingsEYE6.5% of the fund+36815%
- KBRKBR6.2% of the fund+21%
- Orthofix MedicalOFIX4.1% of the fund+4%
- Fox Factory HoldingFOXF3.4% of the fund+3%
- BioventusBVS0.8% of the fund+186%
Cut
Sold some of their stake.
- United Parks & ResortsPRKS4.6% of the fund-5%
- CiveoCVEO2.3% of the fund-22%
- Compass Minerals InternationalCMP1.9% of the fund-56%
Sold out
Sold their entire stake.
- SunococorpSUNC-100%
- UnifirstUNF-100%
- MGM Resorts InternationalMGM-100%
- Chatham Lodging TrustCLDT-100%
- Summit Hotel PropertiesINN-100%
- Rimini StreetRMNI-100%
Holdings
- Honeywell AerospaceHONA
- Share
- 2.6%
- Value
- $27m
- Shares
- 120,000
New
- Ishares TRIWM
- Share
- 1.2%
- Value
- $13m
- Shares
- 42,444
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AvantorAVTR | 19.1% | $197m | 19,860,830 | Held |
| NCR AtleosNATL | 10.9% | $112m | 2,581,525 | Held |
| BrinksBCO | 7.0% | $71m | 756,435 | +38% |
| DnowDNOW | 6.5% | $67m | 5,169,462 | Held |
| National Vision HoldingsEYE | 6.5% | $67m | 3,520,944 | +36815% |
| KBRKBR | 6.2% | $64m | 1,855,642 | +21% |
| SPS CommerceSPSC | 5.1% | $52m | 916,380 | New |
| United Parks & ResortsPRKS | 4.6% | $47m | 983,600 | -5% |
| Orthofix MedicalOFIX | 4.1% | $42m | 4,575,675 | +4% |
| Nexstar Media GroupNXST | 3.5% | $36m | 199,247 | Held |
| Fox Factory HoldingFOXF | 3.4% | $35m | 2,087,363 | +3% |
| Honeywell AerospaceHONA | 2.6% | $27m | 120,000 | New |
| MagneraMAGN | 2.6% | $26m | 2,243,827 | Held |
| CiveoCVEO | 2.3% | $24m | 686,315 | -22% |
| Fuller H BFUL | 2.3% | $24m | 405,349 | New |
| Compass Minerals InternationalCMP | 1.9% | $20m | 633,021 | -56% |
| Primoris ServicesPRIM | 1.9% | $19m | 195,838 | New |
| SonosSONO | 1.7% | $17m | 1,256,060 | Held |
| PhiniaPHIN | 1.4% | $14m | 170,622 | Held |
| Fiverr InternationalFVRR | 1.3% | $14m | 1,338,644 | Held |
| Ishares TRIWM | 1.2% | $13m | 42,444 | Held |
| BioventusBVS | 0.8% | $9m | 900,558 | +186% |
| American Outdoor BrandsAOUT | 0.7% | $8m | 656,329 | Held |
| CbizCBZ | 0.6% | $6m | 201,998 | New |
| Weave CommunicationsWEAV | 0.6% | $6m | 1,051,525 | Held |
| CCC Intelligent Solutions HoldingsCCC | 0.5% | $5m | 949,332 | New |
| Uber TechnologiesUBER | 0.4% | $4m | 60,000 | New |
| NIQ Global IntelligenceNIQ | 0.1% | $1m | 159,134 | New |
| TripAdvisorTRIP | <0.1% | $274,200 | 20,000 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 117.0% since 30 June 2025.
Where the money is
Health care30.5%
Industrials24.6%
Technology20.9%
Retail & consumer12.5%
Materials6.8%
Media & telecom3.5%
Other1.2%
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.