SEC 13F Intelligence

Managers / Q3 2021 · view latest →

Tensile Capital Management LP

CIK 0001598843 · 700 LARKSPUR LANDING CIRCLE, SUITE 255, LARKSPUR, CA, 94939 · 415-830-8160

Reported Value
$859M
Q3 2021
Positions
17
Filings on Record
30
2019–present window
Filed
Nov 15, 2021
original filing

Summary

Tensile Capital Management LP reported $859M in U.S.-listed holdings across 17 positions for Q3 2021.

Its largest position, AVLRUSD, represents 18.3% of the portfolio.

Compared with Q2 2021, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+6.6%
vs prior filed quarter
Top-10 Concentration
+86.9%
share of reported value
Largest Position
+18.3%
Avalara
New / Exited
2 / 1
positions this quarter

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

13F Reported Value
Q4 ’18: $672MQ4 ’18Q1 ’19: $713MQ2 ’19: $763MQ3 ’19: $787MQ4 ’19: $781MQ4 ’19Q1 ’20: $508MQ2 ’20: $660MQ3 ’20: $747MQ4 ’20: $852MQ4 ’20Q1 ’21: $762MQ2 ’21: $883MQ3 ’21: $859MQ4 ’21: $832MQ4 ’21Q1 ’22: $688MQ2 ’22: $580MQ3 ’22: $648MQ4 ’22: $639MQ4 ’22Q1 ’23: $736MQ2 ’23: $773MQ3 ’23: $795MQ4 ’23: $855MQ4 ’23Q1 ’24: $914MQ2 ’24: $907MQ3 ’24: $925MQ1 ’25: $783,845Q1 ’25Q2 ’25: $828,480Q3 ’25: $800,371Q4 ’25: $772,044filingsflow.com

Portfolio Composition

By security type
Common Stock: 84.1%Other: 6.6%REIT: 5.9%Tracking Stk: 3.4%
  • Common Stock · 84.1% · $723M
  • Other · 6.6% · $56M
  • REIT · 5.9% · $51M
  • Tracking Stk · 3.4% · $29M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ASOACADEMY SPORTS & OUTDOORSNEW+762.7K762.7K+$31M$31M
CHNGUSDCHANGE HEALTHCARE INCNEW+522.3K522.3K+$11M$11M
TALEND SASOLD OUT−131.3K0−$9M$0
CNNECANNAE HOLDINGS INCADDED+160.0K656.2K+$4M$20M
VTNRUSDVERTEX ENERGY INCTRIMMED−470.1K1.03M−$14M$5M
TTWOTAKE-TWO INTERACTIVE SOFTWAREADDED+55.0K390.3K+$779,000$60M
CSODCORNERSTONE ONDEMAND INCTRIMMED−83.9K444.8K−$2M$25M
AYXEURALTERYX INCTRIMMED−5.4K68.7K−$1M$5M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2021

17 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AVLRUSDAVALARA INChistory →COM18.29%$157M899.5K
2LADLITHIA MOTOR CORPhistory →CL A11.62%$100M315.0K
3CCKCROWN HOLDINGS INC COM STKhistory →COM9.92%$85M846.2K
4VVVVALVOLINE INChistory →COM9.24%$79M2.55M
5DKSDICKS SPORTING GOODShistory →COM8.80%$76M631.8K
6TTWOTAKE-TWO INTERACTIVE SOFTWAREhistory →COM7.00%$60M390.3K
7TUESDAY MORNING CORPCOM6.57%$56M20.16M
8AWNADVANCE AUTO PARTS INChistory →COM6.03%$52M247.9K
9EQIXEQUINIX INChistory →COM5.89%$51M64.0K
10ASOACADEMY SPORTS & OUTDOORShistory →COM3.55%$31M762.7K
11LIBERTY BRAVES GROUP -CCOM C BRAVES GRP3.43%$29M1.11M
12CSODCORNERSTONE ONDEMAND INChistory →COM2.96%$25M444.8K
13CNNECANNAE HOLDINGS INChistory →COM2.38%$20M656.2K
14VERXVERTEX INChistory →COM CL A1.84%$16M824.7K
15CHNGUSDCHANGE HEALTHCARE INChistory →COM1.27%$11M522.3K
16VTNRUSDVERTEX ENERGY INCCOM0.63%$5M1.03M
17AYXEURALTERYX INCCOM CL A0.58%$5M68.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026Under review25May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$772,04424Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$800,37122Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$828,48021Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$783,84518May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024Under review17Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$925M17Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$907M20Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$914M19May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$855M18Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$795M17Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$773M18Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$736M16May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$639M16Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$648M16Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$580M16Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$688M17May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$832M17Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$859M17Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$883M16Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$762M18May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$852M17Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$747M19Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$660M19Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$508M22May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$781M20Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$787M22Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$763M20Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$713M20May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$672M21Feb 14, 201913F-HRchanges · EDGAR ↗

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 ↗.