We are live on ! Find out more
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
-1.87%
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
$506M
AUM Growth
-$146M
Cap. Flow
-$131M
Cap. Flow %
-25.89%
Top 10 Hldgs %
100%
Holding
9
New
2
Increased
2
Reduced
2
Closed
–

Top Buys

Rank Stock Value
1
BRCC icon
BRC Inc
BRCC
+$19.2M
2
FRPT icon
Freshpet
FRPT
+$13.9M
3
IWM icon
iShares Russell 2000 ETF
IWM
+$7.44M
4
UPBD icon
Upbound Group
UPBD
+$5.2M

Top Sells

Rank Stock Value
1
EVH icon
Evolent Health
EVH
+$138M
2
STKL
SunOpta
STKL
+$38.9M

Sector Composition

Rank Sector Weight
1 Technology 53.19%
2 Consumer Staples 26.76%
3 Healthcare 15.93%
4 Communication Services 2.79%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NEWR
1
DELISTED
New Relic, Inc.
NEWR
$139M 27.57%
2,430,370
– –
BRCC icon
2
BRC Inc
BRCC
$22M
$102M 20.25%
13,251,450
+2,126,450
+19% +$19.2M
VYX icon
3
NCR Voyix
VYX
$1.09B
$84.6M 16.74%
7,257,503
– –
EVH icon
4
Evolent Health
EVH
$536M
$80.6M 15.93%
2,241,992
-3,912,829
-64% -$138M
UPBD icon
5
Upbound Group
UPBD
$1.1B
$44.9M 8.88%
2,564,544
+208,814
+9% +$5.2M
STKL
6
DELISTED
SunOpta
STKL
$18.1M 3.58%
1,991,919
-4,100,000
-67% -$38.9M
FRPT icon
7
Freshpet
FRPT
$3.55B
$14.8M 2.92%
+295,313
New +$13.9M
QUOT
8
DELISTED
Quotient Technology Inc
QUOT
$14.1M 2.79%
6,107,150
– –
IWM icon
9
iShares Russell 2000 ETF
IWM
$81.9B
$6.73M 1.33%
+40,800
New +$7.44M

Similar funds

RWPA
Richard W. Paul & Associates Novi, Michigan $327M AUM 21.99% 1-Year Est. Return
WAOTB
Wealth Advisors of Tampa Bay Tampa, Florida $327M AUM 30.12% 1-Year Est. Return
DS
Dalal Street West Lake Hills, Texas $327M AUM 71.47% 1-Year Est. Return
TAFW
Tred Avon Family Wealth Easton, Maryland $327M AUM 24.59% 1-Year Est. Return
RL
Rogco LP Claremore, Oklahoma $327M AUM 19.49% 1-Year Est. Return
TAM
Tabor Asset Management New York $328M AUM 39.09% 1-Year Est. Return
JAM
JCIC Asset Management Toronto, Ontario, Canada $326M AUM 31.94% 1-Year Est. Return
CIM
Capital Investment Management Lees Summit, Missouri $326M AUM

Glenn Welling's Q3 2022 Portfolio in Review

As of Q3 2022, Glenn Welling held 9 positions worth $506M, down 22% from $651M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Glenn Welling withdrew a net $131M in Q3 2022, reducing 2 holdings. Its largest reduction was Evolent Health, cutting an estimated $138M.

By sector, the portfolio is most concentrated in Technology at 53% of assets, up from 47% a quarter earlier, followed by Consumer Staples and Healthcare.

Against the trend, Glenn Welling opened a new position in Freshpet worth $14.8M.

  • Glenn Welling's largest Q3 2022 buy was Freshpet: 295,313 shares worth $14.8M.
  • Glenn Welling added most to BRC Inc in Q3 2022, an estimated $19.2M increase.
  • Glenn Welling's biggest Q3 2022 reduction was Evolent Health, cutting an estimated $138M.
  • Glenn Welling's ten largest holdings make up 100% of its $506M portfolio in Q3 2022.
  • Glenn Welling opened 2 new positions and closed 0 in Q3 2022.
  • Glenn Welling's portfolio value fell 22% quarter-over-quarter to $506M.

Based on Engaged Capital's 13F filing for Q3 2022, filed 14 Nov 2022.