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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
-7.91%
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
$549M
AUM Growth
-$143M
(-21%)
Cap. Flow
-$82.2M
Cap. Flow
% of AUM
-14.98%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
10
New
2
Increased
1
Reduced
4
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VF Corp
VFC
|
+$98.9M |
| 2 |
Evolent Health
EVH
|
+$30.2M |
| 3 |
PRMW
Primo Water Corporation
PRMW
|
+$12.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NEWR
New Relic, Inc.
NEWR
|
+$131M |
| 2 |
Shake Shack
SHAK
|
+$35.5M |
| 3 |
QUOT
Quotient Technology Inc
QUOT
|
+$28.8M |
| 4 |
Kratos Defense & Security Solutions
KTOS
|
+$12.3M |
| 5 |
NCR Voyix
VYX
|
+$6.49M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 44.36% |
| 2 | Consumer Discretionary | 31.21% |
| 3 | Healthcare | 14.06% |
| 4 | Consumer Staples | 10.36% |
| 5 | Communication Services | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
NCR Voyix
VYX
$1.06B
| $135M | 24.67% |
8,180,176
-381,327
| -4% | -$6.49M |
|
2
Upbound Group
UPBD
$1.19B
| $108M | 19.69% |
3,667,373
-190,543
| -5% | -$5.94M |
|
|
3
VF Corp
VFC
$6.68B
| $91.8M | 16.74% |
+5,196,284
| New | +$98.9M |
|
|
4
Shake Shack
SHAK
$2.3B
| $79.4M | 14.47% |
1,367,231
-498,832
| -27% | -$35.5M |
|
|
5
Evolent Health
EVH
$475M
| $77.1M | 14.06% |
2,832,810
+1,085,558
| +62% | +$30.2M |
|
6
BRC Inc
BRCC
$126M
| $44.7M | 8.15% |
12,451,018
-900,432
| -7% | -$3.97M |
|
|
PRMW
7
DELISTED
Primo Water Corporation
PRMW
| $12.1M | 2.21% |
+878,751
| New | +$12.6M |
|
|
8
Kratos Defense & Security Solutions
KTOS
$8.88B
| – | – |
-855,173
| Closed | -$12.3M |
|
|
NEWR
9
DELISTED
New Relic, Inc.
NEWR
| – | – |
-1,999,703
| Closed | -$131M |
|
|
QUOT
10
DELISTED
Quotient Technology Inc
QUOT
| – | – |
-7,505,432
| Closed | -$28.8M |
|
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Engaged Capital's Q3 2023 Portfolio in Review
As of Q3 2023, Engaged Capital held 10 positions worth $549M, down 21% from $691M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Engaged Capital withdrew a net $82.2M in Q3 2023, closing 3 positions and reducing 4 holdings. Its most notable exit was New Relic, Inc., an estimated $131M position sold in full.
By sector, the portfolio is most concentrated in Technology at 44% of assets, up from 37% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Engaged Capital opened a new position in VF Corp worth $91.8M.
- Engaged Capital's largest Q3 2023 buy was VF Corp: 5,196,284 shares worth $91.8M.
- Engaged Capital added most to Evolent Health in Q3 2023, an estimated $30.2M increase.
- Engaged Capital's biggest Q3 2023 reduction was Shake Shack, cutting an estimated $35.5M.
- Engaged Capital fully exited New Relic, Inc. in Q3 2023, selling an estimated $131M.
- Engaged Capital's ten largest holdings make up 100% of its $549M portfolio in Q3 2023.
- Engaged Capital opened 2 new positions and closed 3 in Q3 2023.
- Engaged Capital's portfolio value fell 21% quarter-over-quarter to $549M.
Based on Engaged Capital's 13F filing for Q3 2023, filed 14 Nov 2023.