Engaged Capital

Q1 2020 13F · by Glenn Welling, CIO

As of: Mar 31, 2020
Filed: May 15, 2020
US stock: $763M · prev $963M
Positions: 8 · prev 8
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves3 since the prior filing

0.0 pp in · −5.0 pp out

New 0 0.00 pp
Added 0 0.00 pp
Trimmed 3 −4.96 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 2 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 0.0% a year

Low
Moderate
High

Top 5 positions96% of US stock

HAIN Hain Celestial Group Inc held held71.7%
UPBD Upbound Group, Inc. held held9.9%
MED Medifast, Inc. held held9.5%
APOG Apogee Enterprises Inc trimmed−2.54 pp trimmed−2.542.7%
TIVO Tivo Inc held held2.3%

Positions8 in this filing · 0 exited


HAINHain Celestial Group Inc	71.73%	21,068,777	$547M	held	—	13 q
UPBDUpbound Group, Inc.	9.89%	5,333,609	$75M	held	—	14 q
MEDMedifast, Inc.	9.51%	1,160,376	$73M	held	—	3 q
APOGApogee Enterprises Inc	2.69%	984,759	$21M	trimmed−36%	−2.54 pp	10 q
TIVOTivo Inc	2.34%	2,525,000	$18M	held	—	15 q
STKLSunOpta, Inc.	1.97%	8,731,907	$15M	held	—	16 q
VYXNCR Voyix Corporation	1.48%	638,010	$11M	trimmed−17%	−1.34 pp	11 q
INWKInnerWorkings, Inc.	0.39%	2,573,248	$3M	trimmed0%	−1.08 pp	7 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0000921895-20-001438
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet