Managers / Q2 2025 · 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 $358M in U.S.-listed holdings across 7 positions for Q2 2025.
Its largest position, YETI, represents 19.1% of the portfolio.
Compared with Q1 2025, the fund opened 1 new position and exited 3.
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% · $358M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| FRPTFRESHPET INC | NEW | +619.1K | 619.1K | +$42M | $42M |
| GTLSCHART INDS INC | SOLD OUT | −369.0K | 0 | −$53M | $0 |
| NATLNCR ATLEOS CORPORATION | SOLD OUT | −774.3K | 0 | −$20M | $0 |
| VYXNCR VOYIX CORPORATION | SOLD OUT | −431.7K | 0 | −$4M | $0 |
| YETIYETI HLDGS INC | ADDED | +619.0K | 2.16M | +$17M | $68M |
| EVHEVOLENT HEALTH INC | ADDED | +675.0K | 5.85M | +$17M | $66M |
| PTLOPORTILLOS INC | TRIMMED | −647.9K | 4.83M | −$9M | $56M |
| GXOGXO LOGISTICS INCORPORATED | HELD | −15.0K | 897.0K | +$8M | $44M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | YETIYETI HLDGS INChistory → | COM | 19.06% | $68M | 2.16M |
| 2 | EVHEVOLENT HEALTH INChistory → | CL A | 18.43% | $66M | 5.85M |
| 3 | VFCV F CORPhistory → | COM | 17.80% | $64M | 5.42M |
| 4 | PTLOPORTILLOS INChistory → | COM CL A | 15.77% | $56M | 4.83M |
| 5 | GXOGXO LOGISTICS INCORPORATEDhistory → | COMMON STOCK | 12.22% | $44M | 897.0K |
| 6 | FRPTFRESHPET INChistory → | COM | 11.77% | $42M | 619.1K |
| 7 | BRCCBRC INChistory → | COM CL A | 4.96% | $18M | 13.54M |
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 ↗.