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GW

Glenn Welling Engaged Capital

AUM $327M
1-Year Est. Return 22.96%
 

Glenn Welling is the founder of Engaged Capital, an activist investment firm focused primarily on small- and mid-cap U.S. companies. Engaged Capital seeks undervalued businesses where operational improvement, cost discipline, or strategic change can unlock value. Welling’s campaigns are closely watched in the activist community for mid-market corporate engagement.

This Fund
S&P 500
This Quarter Est. Return
+15.44%
1 Year Est. Return
+22.96%
3 Year Est. Return
+26.15%
5 Year Est. Return
+72.38%
10 Year Est. Return
+552.21%
AUM
$963M
AUM Growth
+$173M
Cap. Flow
+$47.8M
Cap. Flow %
4.97%
Top 10 Hldgs %
100%
Holding
8
New
–
Increased
1
Reduced
3
Closed
–

Top Buys

Rank Stock Value
1
MED icon
Medifast
MED
+$62.7M

Top Sells

Rank Stock Value
1
VYX icon
NCR Voyix
VYX
+$9.63M
2
APOG icon
Apogee Enterprises
APOG
+$5.19M
3
INWK
InnerWorkings, Inc.
INWK
+$43.6K

Sector Composition

Rank Sector Weight
1 Consumer Staples 59.07%
2 Technology 18.8%
3 Consumer Discretionary 13.21%
4 Industrials 8.93%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HAIN icon
1
Hain Celestial
HAIN
$71.6M
$547M 56.8%
21,068,777
– –
UPBD icon
2
Upbound Group
UPBD
$1.1B
$154M 15.98%
5,333,609
– –
MED icon
3
Medifast
MED
$134M
$127M 13.21%
1,160,376
+647,853
+126% +$62.7M
APOG icon
4
Apogee Enterprises
APOG
$868M
$50.4M 5.23%
1,549,888
-139,444
-8% -$5.19M
VYX icon
5
NCR Voyix
VYX
$1.09B
$27.2M 2.82%
1,260,006
-494,629
-28% -$9.63M
STKL
6
DELISTED
SunOpta
STKL
$21.8M 2.27%
8,731,907
– –
TIVO
7
DELISTED
Tivo Inc
TIVO
$21.4M 2.22%
2,525,000
– –
INWK
8
DELISTED
InnerWorkings, Inc.
INWK
$14.2M 1.47%
2,573,348
-8,998
-0.3% -$43.6K

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Glenn Welling's Q4 2019 Portfolio in Review

As of Q4 2019, Glenn Welling held 8 positions worth $963M, up 22% from $789M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Glenn Welling deployed $47.8M of net new capital in Q4 2019, adding to 1 existing holding.

By sector, the portfolio is most concentrated in Consumer Staples at 59% of assets, down from 59% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was NCR Voyix, an estimated $9.63M trimmed.

  • Glenn Welling added most to Medifast in Q4 2019, an estimated $62.7M increase.
  • Glenn Welling's biggest Q4 2019 reduction was NCR Voyix, cutting an estimated $9.63M.
  • Glenn Welling's ten largest holdings make up 100% of its $963M portfolio in Q4 2019.
  • Glenn Welling opened 0 new positions and closed 0 in Q4 2019.
  • Glenn Welling's portfolio value rose 22% quarter-over-quarter to $963M.

Based on Engaged Capital's 13F filing for Q4 2019, filed 14 Feb 2020.