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TCM
Tensile Capital Management Portfolio holdings
AUM
$698M
1-Year Est. Return
2.4%
This Fund
S&P 500
This Quarter
Est. Return
+4.31%
1 Year Est. Return
-2.4%
3 Year Est. Return
+33.76%
5 Year Est. Return
+74.93%
10 Year Est. Return
+487.97%
AUM
$418M
AUM Growth
-$25.7M
(-5.8%)
Cap. Flow
-$37.7M
Cap. Flow
% of AUM
-9.02%
Top 10 Holdings %
Top 10 Hldgs %
83.25%
Holding
19
New
–
Increased
6
Reduced
9
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CSOD
Cornerstone OnDemand, Inc.
CSOD
|
+$7.48M |
| 2 |
Atlanta Braves Holdings Series B
BATRK
|
+$4.83M |
| 3 |
Equinix
EQIX
|
+$2.8M |
| 4 |
HAWK
Blackhawk Network Holdings, Inc. Common Stock
HAWK
|
+$843K |
| 5 |
News Corp Class B
NWS
|
+$258K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PTC
PTC
|
+$14.1M |
| 2 |
DigitalBridge
DBRG
|
+$9.17M |
| 3 |
News Corp Class A
NWSA
|
+$8.15M |
| 4 |
Macy's
M
|
+$8.01M |
| 5 |
EFOR
Everforth Inc
EFOR
|
+$6.11M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 42.39% |
| 2 | Communication Services | 18.45% |
| 3 | Financials | 17.54% |
| 4 | Industrials | 10.33% |
| 5 | Real Estate | 7.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CSOD
1
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $70.3M | 16.82% |
1,660,846
+188,400
| +13% | +$7.48M |
|
|
2
PTC
PTC
$16.2B
| $55.1M | 13.2% |
1,191,626
-302,000
| -20% | -$14.1M |
|
|
3
DigitalBridge
DBRG
$2.94B
| $39.2M | 9.38% |
656,731
-162,500
| -20% | -$9.17M |
|
4
Expeditors International
EXPD
$24.2B
| $34.7M | 8.31% |
656,015
-105,000
| -14% | -$5.49M |
|
|
HAWK
5
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $34.1M | 8.16% |
904,769
+23,696
| +3% | +$843K |
|
|
EFOR
6
Everforth Inc
EFOR
$1.3B
| $33.1M | 7.92% |
749,453
-153,725
| -17% | -$6.11M |
|
|
7
Equinix
EQIX
$109B
| $21.9M | 5.25% |
61,387
+8,000
| +15% | +$2.8M |
|
|
8
News Corp Class B
NWS
$17.9B
| $20.6M | 4.93% |
1,745,243
+20,300
| +1% | +$258K |
|
|
9
News Corp Class A
NWSA
$15.8B
| $19.6M | 4.69% |
1,710,673
-659,317
| -28% | -$8.15M |
|
|
INXN
10
DELISTED
Interxion Holding N.V.
INXN
| $19.2M | 4.59% |
547,400
| – | – |
|
|
11
Macy's
M
$6.16B
| $16.8M | 4.01% |
467,894
-206,000
| -31% | -$8.01M |
|
|
12
Atlanta Braves Holdings Series B
BATRK
$3.44B
| $13.8M | 3.3% |
670,503
+259,275
| +63% | +$4.83M |
|
|
WEB
13
DELISTED
Web.com Group, Inc.
WEB
| $9.97M | 2.39% |
471,225
+9,535
| +2% | +$162K |
|
|
GUID
14
DELISTED
Guidance Software, Inc.
GUID
| $8.66M | 2.07% |
1,222,584
-11,664
| -0.9% | -$74.3K |
|
15
Xerox
XRX
$407M
| $8.42M | 2.01% |
365,893
| – | – |
|
|
NRF
16
DELISTED
NorthStar Realty Finance Corp.
NRF
| $7.73M | 1.85% |
510,000
-90,000
| -15% | -$1.31M |
|
|
ENOC
17
DELISTED
EnerNOC, Inc.
ENOC
| $3.88M | 0.93% |
647,329
-12,384
| -2% | -$71.8K |
|
18
Constellium
CSTM
$4.01B
| – | – |
-114,310
| Closed | -$823K |
|
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ACGDR
Tensile Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Tensile Capital Management held 19 positions worth $418M, down 5.8% from $444M the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Tensile Capital Management withdrew a net $37.7M in Q4 2016, closing 1 position and reducing 9 holdings. Its most notable exit was Constellium, an estimated $823K position sold in full.
By sector, the portfolio is most concentrated in Technology at 42% of assets, up from 41% a quarter earlier, followed by Communication Services and Financials.
Against the trend, Tensile Capital Management added an estimated $7.48M to Cornerstone OnDemand, Inc..
- Tensile Capital Management added most to Cornerstone OnDemand, Inc. in Q4 2016, an estimated $7.48M increase.
- Tensile Capital Management's biggest Q4 2016 reduction was PTC, cutting an estimated $14.1M.
- Tensile Capital Management fully exited Constellium in Q4 2016, selling an estimated $823K.
- Tensile Capital Management's ten largest holdings make up 83% of its $418M portfolio in Q4 2016.
- Tensile Capital Management opened 0 new positions and closed 1 in Q4 2016.
- Tensile Capital Management's portfolio value fell 5.8% quarter-over-quarter to $418M.
Based on Tensile Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.