13F Insight
DOSSIER · 13F-HR · Q2 2026

Engaged Capital LLC

$327M in tracked AUM across 10 positions as of Q2 2026.

EC
CIK 0001559771 · last filed Jun 30, 2026
Total AUM
$327M
as of Q2 2026
Holdings
10
—
positions
Whale Score
71
71
strong
Activity
—
no data
changes this Q
AI Analysis · Q2 2026

1. Portfolio Overview

Engaged Capital LLC reported a significant contraction in portfolio value during the quarter ending September 30, 2025. The total assets under management (AUM) decreased by 30.0%, dropping from $357.62 million to $250.19 million. This reduction in capital is attributed to a combination of realized losses from sold positions and potential market depreciation, rather than a broad distribution of capital. Concurrently, the fund streamlined its focus, reducing the number o...

The fund displays an aggressive conviction strategy with low diversification. The top three holdings—YETI, GXO, and Evolent Health (EVH)—collectively account for 68.61% of the total portfolio value. With an average position size of approximately 12.5% across six holdings, Engaged Capital is operating as an activist or high-conviction value manager, preferring to make large, idiosyncratic bets on a small number of companies rather than broad market indexing.

2. Key Holdings

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
VFC
V F CORP
$75M4.5M23.1%02
YETI
YETI HLDGS INC
$59M1.2M18.1%03
GXO
GXO LOGISTICS INCORPORATED
$50M985K15.3%04
EVH
EVOLENT HEALTH INC
$30M5.6M9.2%05
FRPT
FRESHPET INC
$29M485K8.8%06
CGNX
COGNEX CORP
$25M339K7.5%07
BL
BLACKLINE INC
$23M828K7.1%08
PTLO
PORTILLOS INC
$16M3.4M5.0%09
BRCC
BRC INC
$15M13.9M4.7%10
EVH 3.5 12/01/29
EVOLENT HEALTH INC
$4M5.5M1.3%

Filing history

2026Q2Jun 30
$327M▲ 7.8%
10 positionsView →2026Q1Mar 31
$303M▼ 22.6%
8 positionsView →2025Q4Dec 31
$392M▲ 56.7%
9 positionsView →2025Q3Sep 30
$250M▼ 30.0%
6 positionsView →2025Q2Jun 30
$358M▼ 8.8%
7 positionsLocked2025Q1Mar 31
$392M▼ 19.4%
9 positionsLocked2024Q4Dec 31
$486M▼ 21.1%
8 positionsLocked2024Q3Sep 30
$617M▲ 5.6%
9 positionsLocked2024Q2Jun 30
$584M▼ 5.4%
12 positionsLocked2024Q1Mar 31
$617M▼ 9.6%
11 positionsLocked2023Q4Dec 31
$683M▲ 24.5%
9 positionsLocked2023Q3Sep 30
$549M▼ 20.6%
7 positionsLocked
Showing 12 of 49