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ENGAGED CAPITAL LLC

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NEWPORT BEACH CA Investment Advisor Hedge Fund Activist Investor
13F Summary
Engaged Capital is based out of Newport Beach and is run by Glenn Welling. Engaged Capital is a hedge fund with 8 clients and discretionary assets under management (AUM) of $752,991,460 (Form ADV from 2024-07-25). Their last reported 13F filing for Q4 2024 included $486,368,436 in managed 13F securities and a top 10 holdings concentration of 100.0%. Engaged Capital's largest holding is VF Corp. with shares held of 5,341,368. Whalewisdom has at least 53 13F filings, 148 13D filings, 2 13G filings, and 18 Form 4 filings
Business Description
Engaged Capital provides continuous and regular investment management services on a discretionary basis to private investment funds ("Funds") that they have organized. The Funds are available only to qualified investors and only by a private offering memorandum. Under the rules of the Securities and Exchange Commission, investors are considered “qualified” if they meet certain minimum net worth and/or income requirements. This Form ADV Part 2A Brochure is not an offer to sell, or a solicitation of an offer to purchase, partnership interests or shares in any Fund. Such an offer can only occur when the prospective investor receives the Funds’ offering documents.
Other Contact Information
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2024-12-31

Top Buys (13F)

Name % Change
GTLS Chart Industries Inc 8.82%
EVH Evolent Health Inc -5.8%

2024-12-31

Top Sells (13F)

Name % Change
BL BlackLine Inc 5.45%
PRAA Pra Group Inc 3.52%
NVRO Nevro Corp 2.21%

2024-12-31

13F Holdings Summary

Name $ Change
VFC VF Corp. 23.57%
VYX NCR Voyix Corp 16.42%
NATL NCR Atleos Corp 15.39%
EVH Evolent Health Inc 12.5%
PTLO Portillos Inc 11.82%

2024-12-31

13F Activity

Market Value $486m, Prior: $0.62b
Inflows (Outflows) as % of Total MV (-9.8061)%
New Purchases 1 stocks
Added To 1 stocks
Sold out of 2 stocks
Reduced holdings in 3 stocks
Top 10 Holdings % 100%
Turnover %[1] 30%
Turnover Alt %[2] 12.09%
Time Held Top 20 9.25 quarters
Time Held Top 10 8.875 quarters
Time Held All 9.25 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2024-12-31

13F Sector Allocation Over Time

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2024-12-31

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31

Portfolio Performance