Engaged Capital

Q3 2021 13F · by Glenn Welling, CIO

As of: Sep 30, 2021
Filed: Nov 15, 2021
US stock: $1.4B · prev $1.3B
Positions: 9 · prev 9
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%

Moves5 since the prior filing

+2.1 pp in · +2.1 pp out

New 0 0.00 pp
Added 2 +2.06 pp
Trimmed 3 +2.06 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 3 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 8.9% a year, about 11.2 years per position

Low
Moderate
High

Top 5 positions91% of US stock

HAIN Hain Celestial Group Inc held held49.2%
EVH Evolent Health, Inc Class A trimmed+3.59 pp trimmed+3.5917.6%
UPBD Upbound Group, Inc. held held9.5%
NEWR New Relic, Inc. added+2.15 pp added+2.158.3%
STKL SunOpta, Inc. held held6.3%

Positions9 in this filing · 0 exited


HAINHain Celestial Group Inc	49.16%	15,996,598	$684M	held	—	19 q
EVHEvolent Health, Inc Class A	17.58%	7,893,194	$245M	trimmed−8%	+3.59 pp	5 q
UPBDUpbound Group, Inc.	9.51%	2,355,730	$132M	held	—	20 q
NEWRNew Relic, Inc.	8.25%	1,599,746	$115M	added+36%	+2.15 pp	2 q
STKLSunOpta, Inc.	6.31%	9,829,298	$88M	held	—	22 q
VYXNCR Voyix Corporation	4.71%	1,691,430	$66M	added+25%	−0.09 pp	17 q
GILGildan Activewear Inc.	4.03%	1,537,036	$56M	held	—	4 q
QUOTQuotient Technology Inc	0.25%	593,314	$3M	trimmed−64%	−1.13 pp	4 q
IWMiShares Russell 2000 ETF	0.21%	13,400	$3M	trimmed−61%	−0.40 pp	6 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0000921895-21-002657
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet