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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
+8.65%
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
$648M
AUM Growth
+$68.3M
(+12%)
Cap. Flow
+$45.5M
Cap. Flow
% of AUM
7.01%
Top 10 Holdings %
Top 10 Hldgs %
87.82%
Holding
16
New
–
Increased
5
Reduced
5
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vertex
VERX
|
+$57.1M |
| 2 |
Crown Holdings
CCK
|
+$12.6M |
| 3 |
COUP
Coupa Software Incorporated
COUP
|
+$5.24M |
| 4 |
Asbury Automotive
ABG
|
+$2.1M |
| 5 |
Valvoline
VVV
|
+$1.12M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Take-Two Interactive
TTWO
|
+$17.8M |
| 2 |
Academy Sports + Outdoors
ASO
|
+$6.38M |
| 3 |
AVLR
Avalara, Inc.
AVLR
|
+$4.48M |
| 4 |
Equinix
EQIX
|
+$3.27M |
| 5 |
Alight
ALIT
|
+$737K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 47.82% |
| 2 | Technology | 42.84% |
| 3 | Communication Services | 6.93% |
| 4 | Real Estate | 2.03% |
| 5 | Consumer Staples | 0.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AVLR
1
DELISTED
Avalara, Inc.
AVLR
| $92.1M | 14.21% |
1,003,408
-50,000
| -5% | -$4.48M |
|
|
2
Vertex
VERX
$2.06B
| $71.4M | 11.01% |
5,220,258
+4,500,000
| +625% | +$57.1M |
|
|
3
Crown Holdings
CCK
$12.9B
| $69.9M | 10.79% |
862,797
+134,742
| +19% | +$12.6M |
|
4
Dick's Sporting Goods
DKS
$18.1B
| $63.1M | 9.74% |
603,188
| – | – |
|
5
Lithia Motors
LAD
$8.3B
| $60.1M | 9.27% |
279,912
| – | – |
|
|
6
Valvoline
VVV
$4.36B
| $59M | 9.1% |
2,327,060
+38,405
| +2% | +$1.12M |
|
|
7
Academy Sports + Outdoors
ASO
$2.98B
| $51.9M | 8.01% |
1,231,439
-145,600
| -11% | -$6.38M |
|
|
8
Alight
ALIT
$372M
| $36.1M | 5.58% |
246,520
-4,774
| -2% | -$737K |
|
|
COUP
9
DELISTED
Coupa Software Incorporated
COUP
| $35.5M | 5.47% |
603,224
+80,000
| +15% | +$5.24M |
|
|
CHNG
10
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $30.2M | 4.66% |
1,097,844
| – | – |
|
11
Atlanta Braves Holdings Series B
BATRK
$3.44B
| $23M | 3.54% |
835,535
| – | – |
|
|
12
Take-Two Interactive
TTWO
$46.2B
| $22M | 3.39% |
201,475
-143,000
| -42% | -$17.8M |
|
|
13
Equinix
EQIX
$109B
| $13.2M | 2.03% |
23,142
-5,000
| -18% | -$3.27M |
|
|
EVBG
14
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $12.4M | 1.92% |
402,168
| – | – |
|
|
15
Asbury Automotive
ABG
$3.78B
| $5.98M | 0.92% |
39,551
+12,318
| +45% | +$2.1M |
|
|
TUEM
16
DELISTED
Tuesday Morning Corp
TUEM
| $2.43M | 0.38% |
671,953
| – | – |
|
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ACGDR
Tensile Capital Management's Q3 2022 Portfolio in Review
As of Q3 2022, Tensile Capital Management held 16 positions worth $648M, up 12% from $580M the previous quarter. Its ten largest holdings account for 88% of the portfolio.
Tensile Capital Management deployed $45.5M of net new capital in Q3 2022, adding to 5 existing holdings.
By sector, the portfolio is most concentrated in Consumer Discretionary at 48% of assets, down from 53% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Take-Two Interactive, an estimated $17.8M trimmed.
- Tensile Capital Management added most to Vertex in Q3 2022, an estimated $57.1M increase.
- Tensile Capital Management's biggest Q3 2022 reduction was Take-Two Interactive, cutting an estimated $17.8M.
- Tensile Capital Management's ten largest holdings make up 88% of its $648M portfolio in Q3 2022.
- Tensile Capital Management opened 0 new positions and closed 0 in Q3 2022.
- Tensile Capital Management's portfolio value rose 12% quarter-over-quarter to $648M.
Based on Tensile Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.