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TCM

Tensile Capital Management Portfolio holdings

AUM $724M
1-Year Est. Return 3.48%
This Fund
S&P 500
This Quarter Est. Return
+12.53%
1 Year Est. Return
+3.48%
3 Year Est. Return
+47.67%
5 Year Est. Return
+51.96%
10 Year Est. Return
+547.1%
AUM
$724M
AUM Growth
+$25.8M
Cap. Flow
-$41.4M
Cap. Flow %
-5.72%
Top 10 Hldgs %
74.08%
Holding
26
New
1
Increased
5
Reduced
13
Closed
4

Top Buys

Rank Stock Value
1
TYL icon
Tyler Technologies
TYL
+$61.2M
2
COMP icon
Compass
COMP
+$16.8M
3
VISN
Vistance Networks Inc
VISN
+$4.45M
4
APPF icon
AppFolio
APPF
+$3.19M
5
WBI
WaterBridge Infrastructure LLC
WBI
+$2.85M

Top Sells

Rank Stock Value
1
CWAN
Clearwater Analytics
CWAN
+$20.8M
2
NE icon
Noble Corp
NE
+$19.6M
3
VVV icon
Valvoline
VVV
+$19M
4
CVCO icon
Cavco Industries
CVCO
+$16M
5
CCK icon
Crown Holdings
CCK
+$13.6M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 35.84%
2 Technology 27.76%
3 Real Estate 10.34%
4 Consumer Staples 6.3%
5 Utilities 6.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DKS icon
1
Dick's Sporting Goods
DKS
$13.2B
$81.2M 11.21%
357,844
– –
TYL icon
2
Tyler Technologies
TYL
$13B
$71.7M 9.9%
245,043
+193,668
+377% +$61.2M
LAD icon
3
Lithia Motors
LAD
$6.42B
$64.8M 8.94%
222,963
– –
VVV icon
4
Valvoline
VVV
$3.85B
$61.4M 8.48%
1,553,843
-545,000
-26% -$19M
COMP icon
5
Compass
COMP
$6.82B
$49.5M 6.83%
4,012,399
+2,015,000
+101% +$16.8M
USFD icon
6
US Foods
USFD
$19.9B
$45.6M 6.3%
446,042
-95,000
-18% -$8.47M
CTRI icon
7
Centuri Holdings
CTRI
$2.02B
$44.4M 6.13%
1,467,046
-124,197
-8% -$4.01M
QTWO icon
8
Q2 Holdings
QTWO
$3.46B
$41.8M 5.77%
868,767
-21,000
-2% -$997K
BATRK icon
9
Atlanta Braves Holdings Series B
BATRK
$3.4B
$39.1M 5.4%
753,879
– –
WBI
10
WaterBridge Infrastructure LLC
WBI
$1.56B
$37.1M 5.12%
1,082,533
+97,959
+10% +$2.85M
CCK icon
11
Crown Holdings
CCK
$11.5B
$33.6M 4.63%
300,165
-135,000
-31% -$13.6M
VERX icon
12
Vertex
VERX
$1.91B
$33.3M 4.59%
2,898,563
-500,000
-15% -$6.24M
EQIX icon
13
Equinix
EQIX
$99.8B
$25.4M 3.51%
24,392
-2,000
-8% -$2.14M
BL icon
14
BlackLine
BL
$1.54B
$19.5M 2.69%
694,846
-55,940
-7% -$1.67M
UHAL.B icon
15
U-Haul Holding Co Series N
UHAL.B
$10.3B
$18.3M 2.52%
316,610
-64,785
-17% -$3.23M
SKY icon
16
Champion Homes
SKY
$4.65B
$17.9M 2.48%
203,583
-7,560
-4% -$579K
NCNO icon
17
nCino
NCNO
$1.92B
$17.3M 2.39%
1,056,592
+51,450
+5% +$845K
APPF icon
18
AppFolio
APPF
$7.1B
$11.7M 1.62%
73,000
+20,000
+38% +$3.19M
HOS
19
Hornbeck Offshore Services, Inc.
HOS
$2.51B
$4.29M 0.59%
490,277
-359,669
-42% -$3.46M
VISN
20
Vistance Networks Inc
VISN
$1.38B
$4.03M 0.56%
+315,453
New +$4.45M
ALIT icon
21
Alight
ALIT
$236M
$1.8M 0.25%
160,687
-27,337
-15% -$387K
FOXF icon
22
Fox Factory Holding Corp
FOXF
$772M
$688K 0.09%
40,573
-195,939
-83% -$3.41M
CLBT icon
23
Cellebrite
CLBT
$2.83B
– –
-525,202
Closed -$7.24M
CVCO icon
24
Cavco Industries
CVCO
$4.31B
– –
-33,000
Closed -$16M
CWAN
25
DELISTED
Clearwater Analytics
CWAN
– –
-879,674
Closed -$20.8M
1
2

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PAI
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M
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IA
IFG Advisors St. Louis, Missouri $725M AUM 27.52% 1-Year Est. Return
SP
Stablepoint Partners Braintree, Massachusetts $723M AUM 29.31% 1-Year Est. Return
SFG
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CCP
Clifford Capital Partners Alpine, Utah $727M AUM 28.47% 1-Year Est. Return
BCV
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AO
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Tensile Capital Management's Q2 2026 Portfolio in Review

As of Q2 2026, Tensile Capital Management held 26 positions worth $724M, up 3.7% from $698M the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Tensile Capital Management withdrew a net $41.4M in Q2 2026, closing 4 positions and reducing 13 holdings. Its most notable exit was Clearwater Analytics, an estimated $20.8M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 36% of assets, down from 40% a quarter earlier, followed by Technology and Real Estate.

Against the trend, Tensile Capital Management opened a new position in Vistance Networks Inc worth $4.03M.

  • Tensile Capital Management's largest Q2 2026 buy was Vistance Networks Inc: 315,453 shares worth $4.03M.
  • Tensile Capital Management added most to Tyler Technologies in Q2 2026, an estimated $61.2M increase.
  • Tensile Capital Management's biggest Q2 2026 reduction was Valvoline, cutting an estimated $19M.
  • Tensile Capital Management fully exited Clearwater Analytics in Q2 2026, selling an estimated $20.8M.
  • Tensile Capital Management's ten largest holdings make up 74% of its $724M portfolio in Q2 2026.
  • Tensile Capital Management opened 1 new position and closed 4 in Q2 2026.
  • Tensile Capital Management's portfolio value rose 3.7% quarter-over-quarter to $724M.

Based on Tensile Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.