Managers / Q2 2024 · view latest →
Engaged Capital LLC
CIK 0001559771 · 610 NEWPORT CENTER DRIVE, SUITE 950, NEWPORT BEACH, CA, 92660 · 949-734-7900
Summary
Engaged Capital LLC reported $584M in U.S.-listed holdings across 12 positions for Q2 2024.
Its largest position, BRCC, represents 13.5% of the portfolio.
Compared with Q1 2024, the fund opened 1 new position and exited 0.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 100.0% · $584M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SMARGBPSMARTSHEET INC | NEW | +671.5K | 671.5K | +$30M | $30M |
| ENVUSDENVESTNET INC | ADDED | +573.0K | 692.5K | +$36M | $43M |
| SHAKSHAKE SHACK INC | TRIMMED | −507.9K | 266.9K | −$57M | $24M |
| PTLOPORTILLOS INC | ADDED | +770.4K | 2.76M | −$1M | $27M |
| UPBDUPBOUND GROUP INC | TRIMMED | −498.7K | 1.17M | −$23M | $36M |
| EVHEVOLENT HEALTH INC | ADDED | +850.0K | 4.11M | −$28M | $79M |
| PRAAPRA GROUP INC | TRIMMED | −149.7K | 1.70M | −$15M | $33M |
| VYXNCR VOYIX CORPORATION | ADDED | +450.0K | 6.29M | +$4M | $78M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BRCCBRC INChistory → | COM CL A | 13.49% | $79M | 12.85M |
| 2 | EVHEVOLENT HEALTH INChistory → | CL A | 13.46% | $79M | 4.11M |
| 3 | VYXNCR VOYIX CORPORATIONhistory → | COM | 13.30% | $78M | 6.29M |
| 4 | VFCV F CORPhistory → | COM | 12.35% | $72M | 5.34M |
| 5 | NATLNCR ATLEOS CORPORATIONhistory → | COM SHS | 11.61% | $68M | 2.51M |
| 6 | ENVUSDENVESTNET INChistory → | COM | 7.42% | $43M | 692.5K |
| 7 | UPBDUPBOUND GROUP INChistory → | COM | 6.14% | $36M | 1.17M |
| 8 | PRAAPRA GROUP INChistory → | COM | 5.74% | $33M | 1.70M |
| 9 | SMARGBPSMARTSHEET INChistory → | COM CL A | 5.07% | $30M | 671.5K |
| 10 | PTLOPORTILLOS INChistory → | COM CL A | 4.60% | $27M | 2.76M |
| 11 | SHAKSHAKE SHACK INChistory → | CL A | 4.11% | $24M | 266.9K |
| 12 | NVROEURNEVRO CORPhistory → | COM | 2.72% | $16M | 1.89M |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $303M | 8 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $392M | 9 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $408M | 9 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $358M | 7 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $392M | 9 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $486M | 8 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $617M | 9 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $584M | 12 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $617M | 11 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $683M | 9 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $549M | 7 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $691M | 8 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $703M | 10 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $591M | 9 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $506M | 9 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $651M | 7 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022REVEALED | $1.0B | 9 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $812M | 9 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $1.4B | 9 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $1.3B | 9 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $1.4B | 9 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $1.2B | 9 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $967M | 10 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $928M | 10 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $763M | 8 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $963M | 8 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019REVEALED | $789M | 8 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $822M | 9 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $712M | 12 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $539M | 15 | Feb 14, 2019 | 13F-HR | changes · EDGAR ↗ |
Other Included Managers
This filing reports holdings on behalf of 2 additional managers.
- Engaged Capital Holdings, LLC028-16008
- Welling Glenn W.028-16006
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.