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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
+1.32%
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
$526M
AUM Growth
+$30.1M
(+6.1%)
Cap. Flow
+$26.7M
Cap. Flow
% of AUM
5.08%
Top 10 Holdings %
Top 10 Hldgs %
73.44%
Holding
23
New
2
Increased
9
Reduced
6
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advance Auto Parts
AAP
|
+$44.2M |
| 2 |
Progress Software
PRGS
|
+$16.7M |
| 3 |
Valvoline
VVV
|
+$12.6M |
| 4 |
Transocean
RIG
|
+$3.9M |
| 5 |
Dick's Sporting Goods
DKS
|
+$3.44M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Interactive Brokers
IBKR
|
+$10.3M |
| 2 |
ENOC
EnerNOC, Inc.
ENOC
|
+$8.79M |
| 3 |
EFOR
Everforth Inc
EFOR
|
+$8.67M |
| 4 |
GUID
Guidance Software, Inc.
GUID
|
+$8.6M |
| 5 |
WEB
Web.com Group, Inc.
WEB
|
+$7.75M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.35% |
| 2 | Consumer Discretionary | 22.83% |
| 3 | Communication Services | 19.24% |
| 4 | Financials | 15.25% |
| 5 | Industrials | 8.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CSOD
1
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $62M | 11.8% |
1,526,992
-162,254
| -10% | -$6M |
|
2
PTC
PTC
$16.2B
| $44.4M | 8.46% |
789,626
-45,000
| -5% | -$2.49M |
|
|
3
Advance Auto Parts
AAP
$3.41B
| $43.5M | 8.27% |
+438,200
| New | +$44.2M |
|
4
DigitalBridge
DBRG
$2.94B
| $42.9M | 8.16% |
853,932
+25,000
| +3% | +$1.37M |
|
|
5
Valvoline
VVV
$4.36B
| $37.7M | 7.17% |
1,607,322
+560,000
| +53% | +$12.6M |
|
6
Expeditors International
EXPD
$24.2B
| $37.5M | 7.13% |
626,015
-30,000
| -5% | -$1.72M |
|
|
HAWK
7
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $37.3M | 7.09% |
850,954
-95,000
| -10% | -$4.15M |
|
|
INXN
8
DELISTED
Interxion Holding N.V.
INXN
| $27.9M | 5.3% |
547,400
| – | – |
|
9
Atlanta Braves Holdings Series B
BATRK
$3.44B
| $27.7M | 5.27% |
1,095,326
+4,823
| +0.4% | +$119K |
|
10
Equinix
EQIX
$109B
| $25.2M | 4.79% |
56,387
| – | – |
|
11
News Corp Class A
NWSA
$15.8B
| $24M | 4.57% |
1,810,673
+100,000
| +6% | +$1.35M |
|
|
12
Dick's Sporting Goods
DKS
$18.1B
| $22.1M | 4.2% |
818,178
+108,178
| +15% | +$3.44M |
|
13
News Corp Class B
NWS
$17.9B
| $21.5M | 4.1% |
1,578,343
-166,900
| -10% | -$2.32M |
|
|
14
Progress Software
PRGS
$1.79B
| $19.1M | 3.63% |
+500,101
| New | +$16.7M |
|
15
Macy's
M
$6.16B
| $16.7M | 3.18% |
765,523
+132,629
| +21% | +$2.92M |
|
|
16
Transocean
RIG
$6.43B
| $13.2M | 2.51% |
1,228,200
+453,200
| +58% | +$3.9M |
|
|
DO
17
DELISTED
Diamond Offshore Drilling
DO
| $8.05M | 1.53% |
555,000
+5,000
| +0.9% | +$60.2K |
|
|
EFOR
18
Everforth Inc
EFOR
$1.3B
| $7.69M | 1.46% |
143,253
-173,200
| -55% | -$8.67M |
|
19
Matsons
MATX
$6.5B
| $7.18M | 1.37% |
254,746
+29,746
| +13% | +$830K |
|
|
20
Interactive Brokers
IBKR
$41.7B
| – | – |
-1,100,000
| Closed | -$10.3M |
|
|
WEB
21
DELISTED
Web.com Group, Inc.
WEB
| – | – |
-306,225
| Closed | -$7.75M |
|
|
GUID
22
DELISTED
Guidance Software, Inc.
GUID
| – | – |
-1,300,968
| Closed | -$8.6M |
|
|
ENOC
23
DELISTED
EnerNOC, Inc.
ENOC
| – | – |
-1,134,663
| Closed | -$8.79M |
|
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Tensile Capital Management's Q3 2017 Portfolio in Review
As of Q3 2017, Tensile Capital Management held 23 positions worth $526M, up 6.1% from $495M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Tensile Capital Management deployed $26.7M of net new capital in Q3 2017, opening 2 new positions and adding to 9 existing holdings. Its largest new stake was Advance Auto Parts: 438,200 shares worth $43.5M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Everforth Inc, an estimated $8.67M trimmed.
- Tensile Capital Management's largest Q3 2017 buy was Advance Auto Parts: 438,200 shares worth $43.5M.
- Tensile Capital Management added most to Valvoline in Q3 2017, an estimated $12.6M increase.
- Tensile Capital Management's biggest Q3 2017 reduction was Everforth Inc, cutting an estimated $8.67M.
- Tensile Capital Management fully exited Interactive Brokers in Q3 2017, selling an estimated $10.3M.
- Tensile Capital Management's ten largest holdings make up 73% of its $526M portfolio in Q3 2017.
- Tensile Capital Management opened 2 new positions and closed 4 in Q3 2017.
- Tensile Capital Management's portfolio value rose 6.1% quarter-over-quarter to $526M.
Based on Tensile Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.