Managers / Q3 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 $617M in U.S.-listed holdings across 9 positions for Q3 2024.
Its largest position, EVH, represents 18.3% of the portfolio.
Compared with Q2 2024, the fund opened 1 new position and exited 4.
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% · $617M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BLBLACKLINE INC | NEW | +609.7K | 609.7K | +$34M | $34M |
| PTLOPORTILLOS INC | ADDED | +3.35M | 6.11M | +$56M | $82M |
| ENVUSDENVESTNET INC | SOLD OUT | −692.5K | 0 | −$43M | $0 |
| UPBDUPBOUND GROUP INC | SOLD OUT | −1.17M | 0 | −$36M | $0 |
| SMARGBPSMARTSHEET INC | SOLD OUT | −671.5K | 0 | −$30M | $0 |
| SHAKSHAKE SHACK INC | SOLD OUT | −266.9K | 0 | −$24M | $0 |
| NVROEURNEVRO CORP | ADDED | +557.0K | 2.44M | −$2M | $14M |
| NATLNCR ATLEOS CORPORATION | ADDED | +499.0K | 3.01M | +$18M | $86M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | EVHEVOLENT HEALTH INChistory → | CL A | 18.30% | $113M | 3.99M |
| 2 | VFCV F CORPhistory → | COM | 17.28% | $107M | 5.34M |
| 3 | VYXNCR VOYIX CORPORATIONhistory → | COM | 15.78% | $97M | 7.17M |
| 4 | NATLNCR ATLEOS CORPORATIONhistory → | COM SHS | 13.92% | $86M | 3.01M |
| 5 | PTLOPORTILLOS INChistory → | COM CL A | 13.36% | $82M | 6.11M |
| 6 | BRCCBRC INChistory → | COM CL A | 7.51% | $46M | 13.54M |
| 7 | PRAAPRA GROUP INChistory → | COM | 6.18% | $38M | 1.70M |
| 8 | BLBLACKLINE INChistory → | COM | 5.45% | $34M | 609.7K |
| 9 | NVROEURNEVRO CORPhistory → | COM | 2.21% | $14M | 2.44M |
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 ↗.