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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
+10.05%
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
$1.39B
AUM Growth
+$101M
Cap. Flow
+$16.1M
Cap. Flow %
1.16%
Top 10 Hldgs %
100%
Holding
9
New
–
Increased
2
Reduced
3
Closed
–

Top Buys

Rank Stock Value
1
NEWR
New Relic, Inc.
NEWR
+$31.3M
2
VYX icon
NCR Voyix
VYX
+$14.1M

Top Sells

Rank Stock Value
1
EVH icon
Evolent Health
EVH
+$15.8M
2
QUOT
Quotient Technology Inc
QUOT
+$8.8M
3
IWM icon
iShares Russell 2000 ETF
IWM
+$4.63M

Sector Composition

Rank Sector Weight
1 Consumer Staples 55.46%
2 Technology 22.47%
3 Healthcare 17.58%
4 Consumer Discretionary 4.03%
5 Communication Services 0.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HAIN icon
1
Hain Celestial
HAIN
$71.6M
$684M 49.16%
15,996,598
– –
EVH icon
2
Evolent Health
EVH
$536M
$245M 17.58%
7,893,194
-659,961
-8% -$15.8M
UPBD icon
3
Upbound Group
UPBD
$1.1B
$132M 9.51%
2,355,730
– –
NEWR
4
DELISTED
New Relic, Inc.
NEWR
$115M 8.25%
1,599,746
+423,054
+36% +$31.3M
STKL
5
DELISTED
SunOpta
STKL
$87.8M 6.31%
9,829,298
– –
VYX icon
6
NCR Voyix
VYX
$1.09B
$65.6M 4.71%
2,757,031
+543,251
+25% +$14.1M
GIL icon
7
Gildan
GIL
$10.4B
$56.1M 4.03%
1,537,036
– –
QUOT
8
DELISTED
Quotient Technology Inc
QUOT
$3.45M 0.25%
593,314
-1,050,172
-64% -$8.8M
IWM icon
9
iShares Russell 2000 ETF
IWM
$81.9B
$2.93M 0.21%
13,400
-20,900
-61% -$4.63M

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Glenn Welling's Q3 2021 Portfolio in Review

As of Q3 2021, Glenn Welling held 9 positions worth $1.39B, up 7.8% from $1.29B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Trading was light in Q3 2021: portfolio turnover was 0%. Glenn Welling opened no new positions and made no exits, leaving the 9-position portfolio largely intact.

By sector, the portfolio is most concentrated in Consumer Staples at 55% of assets, down from 59% a quarter earlier, followed by Technology and Healthcare.

  • Glenn Welling added most to New Relic, Inc. in Q3 2021, an estimated $31.3M increase.
  • Glenn Welling's biggest Q3 2021 reduction was Evolent Health, cutting an estimated $15.8M.
  • Glenn Welling's ten largest holdings make up 100% of its $1.39B portfolio in Q3 2021.
  • Glenn Welling opened 0 new positions and closed 0 in Q3 2021.
  • Glenn Welling's portfolio value rose 7.8% quarter-over-quarter to $1.39B.

Based on Engaged Capital's 13F filing for Q3 2021, filed 15 Nov 2021.