Engaged Capital Portfolio - Sep 30, 2025

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Engaged Capital, Glenn W. Welling, has built a diversified portfolio of 9 publicly traded holdings with a total market value of $407.6M as of Sep 30, 2025. This comprehensive analysis examines the latest 13F filing data to understand the investment strategy and recent portfolio adjustments.

The portfolio demonstrates a concentrated approach to stock selection, with the top holding representing 20.8% of the total portfolio value. The top 5 holdings account for 72.4% of the overall portfolio allocation.

Recent portfolio activity shows 10 significant position adjustments, indicating active portfolio management and strategic repositioning. These changes reflect the investor's response to market conditions and evolving investment thesis.

Portfolio Statistics

9
Total Holdings
$407.6M
Portfolio Value
Sep 30, 2025
Latest Filing
20.8%
Largest Position

Top Holdings Analysis

The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in V F CORP (VFC) represents 20.8% of the total portfolio, valued at $84.6M.

Rank Symbol Company Value Portfolio % Change
1 VFC V F CORP $84.6M 20.8% +8.2%
2 YETI YETI HLDGS INC $72.0M 17.7% +0.3%
3 GXO GXO LOGISTICS INCORPORATED $51.8M 12.7% +9.1%
4 EVH EVOLENT HEALTH INC $47.9M 11.8% -3.3%
5 CGNX COGNEX CORP $38.7M 9.5% +100.0%

For a complete analysis of all holdings and detailed portfolio breakdown by sector and market cap, visit our comprehensive holdings page.

Recent Portfolio Activity

Recent portfolio adjustments provide insights into the investor's evolving strategy and market outlook. The following table shows the top 10 most significant position changes from recent reporting periods (out of 147 total transactions), sorted by the magnitude of change.

For a complete history of all portfolio transactions and detailed activity analysis, visit our comprehensive activity page.

Symbol Company Quantity Change Date Action
CGNX Cognex Corporation +855,000 Sep 30, 2025 BUY
BL BlackLine, Inc. +453,794 Sep 30, 2025 BUY
VFC V.F. Corporation +445,000 Sep 30, 2025 BUY
BRCC BRC Inc. +400,000 Sep 30, 2025 BUY
PTLO Portillo's Inc. +237,390 Sep 30, 2025 BUY
EVH Evolent Health, Inc -190,556 Sep 30, 2025 SELL
GXO GXO Logistics, Inc. +81,477 Sep 30, 2025 BUY
YETI YETI Holdings, Inc. +7,033 Sep 30, 2025 BUY
NATL NCR Atleos Corporation -774,261 Jun 30, 2025 SELL
EVH Evolent Health, Inc +675,000 Jun 30, 2025 BUY

Investment Strategy Insights

Engaged Capital's investment approach can be analyzed through several key metrics. The portfolio's concentration in top holdings suggests a high-conviction investment strategy, with significant positions in companies that align with the investor's long-term thesis.

The largest position in V F CORP (VFC) demonstrates strong conviction in this particular investment opportunity. Recent activity shows a increase of 8.2% in this position, indicating active portfolio management and strategic positioning.

Portfolio turnover can be assessed through recent activity patterns. The 10 most significant transactions shown here (out of 147 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.

Additional Analysis

Complete Holdings

View all 9 holdings with detailed analysis

Trading Activity

Track all portfolio transactions and position changes

Performance Metrics

Analyze profit, winning trades, and investment returns

Sector Allocation

Analyze portfolio breakdown by sector and industry

Engaged Capital's portfolio as of Sep 30, 2025 reflects a strategic approach to equity investing with 9 holdings valued at $407.6M. The concentrated position in V F CORP and other top holdings demonstrates the investor's confidence in specific investment themes and long-term value creation opportunities. Recent activity indicates ongoing portfolio optimization and strategic repositioning.

For the most current portfolio data and detailed analysis, refer to the latest SEC 13F filings and our comprehensive holdings and activity pages, which are updated regularly with the latest filing information.

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