Engaged Capital LLC
Long book
$303.4M
Q1 2026
Positions
8
Top-10 weight
100%
concentration
Last quarter
+14.5%
SPY +14.8%
Turnover
11%
of book per quarter
Strategy in plain words
auto-generated from filingsEngaged Capital LLC is an activist investor that takes positions to influence management, running a $303.4M US long book across 8 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: VF CORP, YETI HOLDINGS INC, BLACKLINE INC, GXO LOGISTICS INC, COGNEX CORP.
Over the last 9 quarters its long book ran on average 7.8pp per quarter behind the S&P 500, beating the index in 1 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-8.8%
Q2 2024
+14.0%
Q3 2024
-11.4%
Q4 2024
-18.8%
Q1 2025
-1.6%
Q2 2025
-6.7%
Q3 2025
+0.2%
Q4 2025
-10.9%
Q1 2026
+14.5%
Sector allocation
Other 48%
Technology 24%
Industrials 14%
Consumer discretionary 6%
Services media 4%
Consumer staples 4%
Long book by quarter
What does Engaged Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| VFC VF CORP | Other | 4.7M | $79.5M | 26.2% | -11.8% |
| YETI YETI HOLDINGS INC | Other | 1.8M | $65.3M | 21.5% | -12.2% |
| BL BLACKLINE INC | Technology | 1.4M | $50.6M | 16.7% | +26.2% |
| GXO GXO LOGISTICS INC | Industrials | 821.8K | $42.6M | 14.0% | -1.0% |
| CGNX COGNEX CORP | Technology | 484.0K | $23.7M | 7.8% | -48.1% |
| PTLO PORTILLO'S INC-CL A | Consumer discretionary | 3.4M | $18.2M | 6.0% | +124.3% |
| EVH EVOLENT HEALTH INC - A | Services media | 5.6M | $12.7M | 4.2% | Held |
| BRCC BRC INC-A | Consumer staples | 13.9M | $10.8M | 3.6% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 8 | $303.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 9 | $392.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 9 | $407.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 7 | $357.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 9 | $392.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 8 | $486.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 9 | $616.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 12 | $583.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 11 | $617.1M | canonical | SEC ↗ |