Managers / Q3 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 $408M in U.S.-listed holdings across 9 positions for Q3 2025.
The portfolio is heavily concentrated: VFC alone accounts for 20.8% of reported value.
Compared with Q2 2025, the fund opened 2 new positions 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% · $408M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CGNXCOGNEX CORP | NEW | +855.0K | 855.0K | +$39M | $39M |
| BLBLACKLINE INC | NEW | +453.8K | 453.8K | +$24M | $24M |
| GXOGXO LOGISTICS INCORPORATED | ADDED | +81.5K | 978.5K | +$8M | $52M |
| VFCV F CORP | ADDED | +445.0K | 5.86M | +$21M | $85M |
| PTLOPORTILLOS INC | HELD | +237.4K | 5.07M | −$24M | $33M |
| EVHEVOLENT HEALTH INC | HELD | −190.6K | 5.66M | −$18M | $48M |
| BRCCBRC INC | HELD | +400.0K | 13.94M | +$4M | $22M |
| YETIYETI HLDGS INC | HELD | +7.0K | 2.17M | +$4M | $72M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | VFCV F CORPhistory → | COM | 20.75% | $85M | 5.86M |
| 2 | YETIYETI HLDGS INChistory → | COM | 17.66% | $72M | 2.17M |
| 3 | GXOGXO LOGISTICS INCORPORATEDhistory → | COMMON STOCK | 12.70% | $52M | 978.5K |
| 4 | EVHEVOLENT HEALTH INChistory → | CL A | 11.75% | $48M | 5.66M |
| 5 | CGNXCOGNEX CORPhistory → | COM | 9.50% | $39M | 855.0K |
| 6 | FRPTFRESHPET INChistory → | COM | 8.37% | $34M | 619.1K |
| 7 | PTLOPORTILLOS INChistory → | COM CL A | 8.02% | $33M | 5.07M |
| 8 | BLBLACKLINE INChistory → | COM | 5.91% | $24M | 453.8K |
| 9 | BRCCBRC INChistory → | COM CL A | 5.33% | $22M | 13.94M |
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 ↗.