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Engaged Capital Portfolio holdings
AUM
$303M
1-Year Est. Return
2.09%
This Fund
S&P 500
This Quarter
Est. Return
+12.29%
1 Year Est. Return
-2.09%
3 Year Est. Return
+16.33%
5 Year Est. Return
+36.28%
10 Year Est. Return
+434.46%
AUM
$691M
AUM Growth
-$11.3M
(-1.6%)
Cap. Flow
-$67M
Cap. Flow
% of AUM
-9.69%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
11
New
1
Increased
1
Reduced
2
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kratos Defense & Security Solutions
KTOS
|
+$11.6M |
| 2 |
Shake Shack
SHAK
|
+$9.52M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STKL
SunOpta
STKL
|
+$45.5M |
| 2 |
Freshpet
FRPT
|
+$20.3M |
| 3 |
Evolent Health
EVH
|
+$15.1M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$5.32M |
| 5 |
QUOT
Quotient Technology Inc
QUOT
|
+$1.87M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.52% |
| 2 | Consumer Discretionary | 20.98% |
| 3 | Consumer Staples | 9.97% |
| 4 | Healthcare | 7.66% |
| 5 | Communication Services | 4.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Shake Shack
SHAK
$2.26B
| $145M | 20.98% |
1,866,063
+148,120
| +9% | +$9.52M |
|
2
NCR Voyix
VYX
$1.07B
| $132M | 19.15% |
8,561,503
| – | – |
|
|
NEWR
3
DELISTED
New Relic, Inc.
NEWR
| $131M | 18.93% |
1,999,703
| – | – |
|
4
Upbound Group
UPBD
$1.25B
| $120M | 17.37% |
3,857,916
| – | – |
|
5
BRC Inc
BRCC
$147M
| $68.9M | 9.97% |
13,351,450
| – | – |
|
|
6
Evolent Health
EVH
$627M
| $52.9M | 7.66% |
1,747,252
-466,202
| -21% | -$15.1M |
|
|
QUOT
7
DELISTED
Quotient Technology Inc
QUOT
| $28.8M | 4.17% |
7,505,432
-601,718
| -7% | -$1.87M |
|
|
8
Kratos Defense & Security Solutions
KTOS
$8.98B
| $12.3M | 1.77% |
+855,173
| New | +$11.6M |
|
|
9
Freshpet
FRPT
$2.84B
| – | – |
-306,716
| Closed | -$20.3M |
|
|
10
iShares Russell 2000 ETF
IWM
$81.6B
| – | – |
-29,800
| Closed | -$5.32M |
|
|
STKL
11
DELISTED
SunOpta
STKL
| – | – |
-5,915,435
| Closed | -$45.5M |
|
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Engaged Capital's Q2 2023 Portfolio in Review
As of Q2 2023, Engaged Capital held 11 positions worth $691M, down 1.6% from $703M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Engaged Capital withdrew a net $67M in Q2 2023, closing 3 positions and reducing 2 holdings. Its most notable exit was SunOpta, an estimated $45.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 31% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
Against the trend, Engaged Capital opened a new position in Kratos Defense & Security Solutions worth $12.3M.
- Engaged Capital's largest Q2 2023 buy was Kratos Defense & Security Solutions: 855,173 shares worth $12.3M.
- Engaged Capital added most to Shake Shack in Q2 2023, an estimated $9.52M increase.
- Engaged Capital's biggest Q2 2023 reduction was Evolent Health, cutting an estimated $15.1M.
- Engaged Capital fully exited SunOpta in Q2 2023, selling an estimated $45.5M.
- Engaged Capital's ten largest holdings make up 100% of its $691M portfolio in Q2 2023.
- Engaged Capital opened 1 new position and closed 3 in Q2 2023.
- Engaged Capital's portfolio value fell 1.6% quarter-over-quarter to $691M.
Based on Engaged Capital's 13F filing for Q2 2023, filed 14 Aug 2023.