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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
+3.47%
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
$456M
AUM Growth
+$37.8M
(+9.1%)
Cap. Flow
+$24.8M
Cap. Flow
% of AUM
5.44%
Top 10 Holdings %
Top 10 Hldgs %
77.47%
Holding
21
New
3
Increased
6
Reduced
2
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Valvoline
VVV
|
+$19.5M |
| 2 |
Interactive Brokers
IBKR
|
+$10.2M |
| 3 |
DigitalBridge
DBRG
|
+$9.68M |
| 4 |
Atlanta Braves Holdings Series B
BATRK
|
+$8.97M |
| 5 |
Matsons
MATX
|
+$7.73M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PTC
PTC
|
+$14.5M |
| 2 |
EFOR
Everforth Inc
EFOR
|
+$10.1M |
| 3 |
Xerox
XRX
|
+$8.42M |
| 4 |
NRF
NorthStar Realty Finance Corp.
NRF
|
+$7.73M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.06% |
| 2 | Communication Services | 21.83% |
| 3 | Financials | 19.91% |
| 4 | Industrials | 9.7% |
| 5 | Consumer Discretionary | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CSOD
1
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $64.6M | 14.18% |
1,660,846
| – | – |
|
|
2
PTC
PTC
$16.2B
| $48.2M | 10.57% |
916,626
-275,000
| -23% | -$14.5M |
|
|
3
DigitalBridge
DBRG
$2.94B
| $42.8M | 9.39% |
828,932
+172,201
| +26% | +$9.68M |
|
|
HAWK
4
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $38.4M | 8.42% |
944,769
+40,000
| +4% | +$1.48M |
|
5
Expeditors International
EXPD
$24.2B
| $37.1M | 8.13% |
656,015
| – | – |
|
|
EFOR
6
Everforth Inc
EFOR
$1.3B
| $25.8M | 5.67% |
532,453
-217,000
| -29% | -$10.1M |
|
|
7
Atlanta Braves Holdings Series B
BATRK
$3.44B
| $25.8M | 5.66% |
1,090,503
+420,000
| +63% | +$8.97M |
|
8
Equinix
EQIX
$109B
| $24.6M | 5.39% |
61,387
| – | – |
|
9
News Corp Class B
NWS
$17.9B
| $23.6M | 5.17% |
1,745,243
| – | – |
|
10
News Corp Class A
NWSA
$15.8B
| $22.2M | 4.88% |
1,710,673
| – | – |
|
|
INXN
11
DELISTED
Interxion Holding N.V.
INXN
| $21.7M | 4.75% |
547,400
| – | – |
|
|
12
Valvoline
VVV
$4.36B
| $20.9M | 4.58% |
+850,265
| New | +$19.5M |
|
13
Macy's
M
$6.16B
| $19.8M | 4.34% |
667,894
+200,000
| +43% | +$6.18M |
|
|
14
Interactive Brokers
IBKR
$41.7B
| $9.55M | 2.1% |
+1,100,000
| New | +$10.2M |
|
|
WEB
15
DELISTED
Web.com Group, Inc.
WEB
| $9.1M | 2% |
471,225
| – | – |
|
|
GUID
16
DELISTED
Guidance Software, Inc.
GUID
| $7.52M | 1.65% |
1,274,490
+51,906
| +4% | +$354K |
|
|
17
Matsons
MATX
$6.5B
| $7.15M | 1.57% |
+225,000
| New | +$7.73M |
|
|
ENOC
18
DELISTED
EnerNOC, Inc.
ENOC
| $6.21M | 1.36% |
1,034,663
+387,334
| +60% | +$2.2M |
|
|
19
Xerox
XRX
$407M
| – | – |
-365,893
| Closed | -$8.42M |
|
|
NRF
20
DELISTED
NorthStar Realty Finance Corp.
NRF
| – | – |
-510,000
| Closed | -$7.73M |
|
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ACGDR
Tensile Capital Management's Q1 2017 Portfolio in Review
As of Q1 2017, Tensile Capital Management held 21 positions worth $456M, up 9.1% from $418M the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Tensile Capital Management deployed $24.8M of net new capital in Q1 2017, opening 3 new positions and adding to 6 existing holdings. Its largest new stake was Valvoline: 850,265 shares worth $20.9M.
By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 42% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was PTC, an estimated $14.5M trimmed.
- Tensile Capital Management's largest Q1 2017 buy was Valvoline: 850,265 shares worth $20.9M.
- Tensile Capital Management added most to DigitalBridge in Q1 2017, an estimated $9.68M increase.
- Tensile Capital Management's biggest Q1 2017 reduction was PTC, cutting an estimated $14.5M.
- Tensile Capital Management fully exited Xerox in Q1 2017, selling an estimated $8.42M.
- Tensile Capital Management's ten largest holdings make up 77% of its $456M portfolio in Q1 2017.
- Tensile Capital Management opened 3 new positions and closed 2 in Q1 2017.
- Tensile Capital Management's portfolio value rose 9.1% quarter-over-quarter to $456M.
Based on Tensile Capital Management's 13F filing for Q1 2017, filed 15 May 2017.