We are live on
!
Find out more
TCM
Tensile Capital Management Portfolio holdings
AUM
$698M
1-Year Est. Return
2.4%
This Fund
S&P 500
This Quarter
Est. Return
-22.08%
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
$508M
AUM Growth
-$273M
(-35%)
Cap. Flow
-$64.7M
Cap. Flow
% of AUM
-12.74%
Top 10 Holdings %
Top 10 Hldgs %
80.42%
Holding
24
New
4
Increased
8
Reduced
9
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lithia Motors
LAD
|
+$18.8M |
| 2 |
O'Reilly Automotive
ORLY
|
+$18.3M |
| 3 |
PS
Pluralsight, Inc. Class A Common Stock
PS
|
+$17.9M |
| 4 |
Texas Pacific Land
TPL
|
+$8.71M |
| 5 |
Take-Two Interactive
TTWO
|
+$7.69M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
INST
Instructure, Inc.
INST
|
+$56.7M |
| 2 |
INXN
Interxion Holding N.V.
INXN
|
+$37.3M |
| 3 |
Expeditors International
EXPD
|
+$15.3M |
| 4 |
Advance Auto Parts
AAP
|
+$14.2M |
| 5 |
CDK
CDK Global, Inc.
CDK
|
+$9.45M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 33.53% |
| 2 | Technology | 32.85% |
| 3 | Communication Services | 17.04% |
| 4 | Real Estate | 8.93% |
| 5 | Industrials | 5.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AVLR
1
DELISTED
Avalara, Inc.
AVLR
| $103M | 20.32% |
1,382,789
+51,315
| +4% | +$4.18M |
|
2
Equinix
EQIX
$109B
| $45.3M | 8.93% |
72,542
+455
| +0.6% | +$272K |
|
3
Crown Holdings
CCK
$12.9B
| $45.1M | 8.9% |
777,904
+6,972
| +0.9% | +$485K |
|
|
4
Take-Two Interactive
TTWO
$46.2B
| $44.5M | 8.77% |
375,098
+65,098
| +21% | +$7.69M |
|
5
Valvoline
VVV
$4.36B
| $41.2M | 8.11% |
3,144,158
-25,000
| -0.8% | -$479K |
|
|
CSOD
6
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $32.7M | 6.45% |
1,031,270
-38,901
| -4% | -$1.9M |
|
7
Atlanta Braves Holdings Series B
BATRK
$3.44B
| $26.6M | 5.25% |
1,397,217
-175,079
| -11% | -$4.49M |
|
|
8
Lithia Motors
LAD
$8.3B
| $24.9M | 4.91% |
304,750
+156,238
| +105% | +$18.8M |
|
9
Dick's Sporting Goods
DKS
$18.1B
| $24.2M | 4.77% |
1,139,579
-100,000
| -8% | -$3.84M |
|
|
10
Advance Auto Parts
AAP
$3.41B
| $20.4M | 4.01% |
218,285
-109,500
| -33% | -$14.2M |
|
|
11
O'Reilly Automotive
ORLY
$73.7B
| $14.4M | 2.83% |
+715,260
| New | +$18.3M |
|
|
TLND
12
DELISTED
Talend S.A. American Depositary Shares
TLND
| $14.3M | 2.82% |
637,976
+124,100
| +24% | +$4.2M |
|
|
13
Expeditors International
EXPD
$24.2B
| $13.8M | 2.71% |
206,487
-215,000
| -51% | -$15.3M |
|
|
PS
14
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
| $11.8M | 2.33% |
+1,078,107
| New | +$17.9M |
|
|
CDK
15
DELISTED
CDK Global, Inc.
CDK
| $10.6M | 2.09% |
323,697
-197,852
| -38% | -$9.45M |
|
16
PTC
PTC
$16.2B
| $9.19M | 1.81% |
150,168
-103,569
| -41% | -$7.67M |
|
|
AYX
17
DELISTED
Alteryx Inc
AYX
| $7.33M | 1.44% |
76,993
-22,000
| -22% | -$2.73M |
|
|
18
Texas Pacific Land
TPL
$24.7B
| $5.02M | 0.99% |
+118,971
| New | +$8.71M |
|
19
Matsons
MATX
$6.5B
| $4.59M | 0.9% |
+150,000
| New | +$5.31M |
|
20
Transocean
RIG
$6.43B
| $3.94M | 0.78% |
3,392,940
+350,000
| +12% | +$1.37M |
|
|
AUD
21
DELISTED
Audacy, Inc.
AUD
| $3.52M | 0.69% |
2,058,060
+589,010
| +40% | +$2.14M |
|
|
VTNR
22
DELISTED
Vertex Energy, Inc
VTNR
| $900K | 0.18% |
1,500,000
| – | – |
|
|
INST
23
DELISTED
Instructure, Inc.
INST
| – | – |
-1,176,027
| Closed | -$56.7M |
|
|
INXN
24
DELISTED
Interxion Holding N.V.
INXN
| – | – |
-445,325
| Closed | -$37.3M |
|
Similar funds
SC
CGIC
CPA
WC
LCP
SAM
DCM
ACGDR
Tensile Capital Management's Q1 2020 Portfolio in Review
As of Q1 2020, Tensile Capital Management held 24 positions worth $508M, down 35% from $781M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Tensile Capital Management withdrew a net $64.7M in Q1 2020, closing 2 positions and reducing 9 holdings. Its most notable exit was Instructure, Inc., an estimated $56.7M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 34% of assets, up from 33% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Tensile Capital Management opened a new position in O'Reilly Automotive worth $14.4M.
- Tensile Capital Management's largest Q1 2020 buy was O'Reilly Automotive: 715,260 shares worth $14.4M.
- Tensile Capital Management added most to Lithia Motors in Q1 2020, an estimated $18.8M increase.
- Tensile Capital Management's biggest Q1 2020 reduction was Expeditors International, cutting an estimated $15.3M.
- Tensile Capital Management fully exited Instructure, Inc. in Q1 2020, selling an estimated $56.7M.
- Tensile Capital Management's ten largest holdings make up 80% of its $508M portfolio in Q1 2020.
- Tensile Capital Management opened 4 new positions and closed 2 in Q1 2020.
- Tensile Capital Management's portfolio value fell 35% quarter-over-quarter to $508M.
Based on Tensile Capital Management's 13F filing for Q1 2020, filed 15 May 2020.