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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
+1.93%
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
$773M
AUM Growth
+$36.5M
(+5%)
Cap. Flow
+$44.9M
Cap. Flow
% of AUM
5.81%
Top 10 Holdings %
Top 10 Hldgs %
86.79%
Holding
18
New
3
Increased
8
Reduced
4
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dick's Sporting Goods
DKS
|
+$10.8M |
| 2 |
US Foods
USFD
|
+$7.78M |
| 3 |
BlackLine
BL
|
+$7.69M |
| 4 |
Q2 Holdings
QTWO
|
+$7.45M |
| 5 |
Academy Sports + Outdoors
ASO
|
+$7.34M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Take-Two Interactive
TTWO
|
+$8.61M |
| 2 |
Lithia Motors
LAD
|
+$4.79M |
| 3 |
Crown Holdings
CCK
|
+$3.29M |
| 4 |
Vertex
VERX
|
+$2.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 51.09% |
| 2 | Technology | 38.93% |
| 3 | Communication Services | 6.32% |
| 4 | Real Estate | 2.55% |
| 5 | Consumer Staples | 1.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vertex
VERX
$2.06B
| $114M | 14.8% |
5,866,717
-103,541
| -2% | -$2.18M |
|
|
2
Dick's Sporting Goods
DKS
$18.1B
| $93.9M | 12.15% |
710,420
+78,616
| +12% | +$10.8M |
|
|
3
Crown Holdings
CCK
$12.9B
| $82M | 10.61% |
944,050
-40,000
| -4% | -$3.29M |
|
4
Valvoline
VVV
$4.36B
| $76.3M | 9.87% |
2,033,335
+51,275
| +3% | +$1.86M |
|
|
5
Lithia Motors
LAD
$8.3B
| $76M | 9.83% |
249,912
-20,000
| -7% | -$4.79M |
|
|
6
Academy Sports + Outdoors
ASO
$2.98B
| $66.7M | 8.63% |
1,234,884
+127,845
| +12% | +$7.34M |
|
7
Alight
ALIT
$372M
| $57.1M | 7.39% |
308,952
+8,132
| +3% | +$1.44M |
|
8
Atlanta Braves Holdings Series B
BATRK
$3.44B
| $39.3M | 5.09% |
992,619
| – | – |
|
|
9
BlackLine
BL
$1.77B
| $33.1M | 4.28% |
614,778
+138,566
| +29% | +$7.69M |
|
|
SMAR
10
DELISTED
Smartsheet Inc.
SMAR
| $32M | 4.14% |
836,900
+160,000
| +24% | +$6.92M |
|
11
Donnelley Financial Solutions
DFIN
$1.2B
| $27.8M | 3.6% |
611,634
| – | – |
|
12
Equinix
EQIX
$109B
| $19.7M | 2.55% |
25,142
+4,000
| +19% | +$2.93M |
|
13
Workiva
WK
$3.84B
| $11.7M | 1.51% |
115,000
| – | – |
|
|
14
Take-Two Interactive
TTWO
$46.2B
| $9.49M | 1.23% |
64,475
-65,848
| -51% | -$8.61M |
|
|
15
Q2 Holdings
QTWO
$4.04B
| $8.78M | 1.14% |
+284,244
| New | +$7.45M |
|
|
EVBG
16
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $8.74M | 1.13% |
324,954
+130,000
| +67% | +$3.5M |
|
|
17
US Foods
USFD
$23.6B
| $8.63M | 1.12% |
+196,114
| New | +$7.78M |
|
18
nCino
NCNO
$2.28B
| $7.22M | 0.93% |
+239,762
| New | +$6.1M |
|
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Tensile Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Tensile Capital Management held 18 positions worth $773M, up 5% from $736M the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Tensile Capital Management deployed $44.9M of net new capital in Q2 2023, opening 3 new positions and adding to 8 existing holdings. Its largest new stake was US Foods: 196,114 shares worth $8.63M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 51% of assets, up from 51% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Take-Two Interactive, an estimated $8.61M trimmed.
- Tensile Capital Management's largest Q2 2023 buy was US Foods: 196,114 shares worth $8.63M.
- Tensile Capital Management added most to Dick's Sporting Goods in Q2 2023, an estimated $10.8M increase.
- Tensile Capital Management's biggest Q2 2023 reduction was Take-Two Interactive, cutting an estimated $8.61M.
- Tensile Capital Management's ten largest holdings make up 87% of its $773M portfolio in Q2 2023.
- Tensile Capital Management opened 3 new positions and closed 0 in Q2 2023.
- Tensile Capital Management's portfolio value rose 5% quarter-over-quarter to $773M.
Based on Tensile Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.