Skip to content
berrytrail

Search

Search managers or tickers

Engaged Capital

Q4 2025 13F · by Glenn Welling, CIO

As of
Dec 31, 2025
Filed
Feb 17, 2026
US stock
$392M · prev $408M
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%

Moves8 since the prior filing

The book

Very concentrated · behaves like 6 equal-sized positions

  1. Very concentrated
  2. Concentrated
  3. Focused
  4. Diversified

Moderate turnover · 38% a year, about 2.6 years per position

  1. Low
  2. Moderate
  3. High

Top 5 positions82% of US stock

  1. VFC V.F. Corporation trimmed+3.72 pp trimmed+3.7224.5%
  2. YETI YETI Holdings, Inc. trimmed+5.24 pp trimmed+5.2422.9%
  3. BL BlackLine, Inc. added+9.37 pp added+9.3715.3%
  4. GXO GXO Logistics, Inc. trimmed−1.56 pp trimmed−1.5611.1%
  5. CGNX Cognex Corp added−0.94 pp added−0.948.6%

Positions9 in this filing · 0 exited

VFCV.F. Corporation24.47%5,306,548$96Mtrimmed−9%+3.72 pp10 q
YETIYETI Holdings, Inc.22.90%2,032,695$90Mtrimmed−6%+5.24 pp4 q
BLBlackLine, Inc.15.28%1,083,619$60Madded×2.4+9.37 pp2 q
GXOGXO Logistics, Inc.11.14%829,769$44Mtrimmed−15%−1.56 pp4 q
CGNXCognex Corp8.56%933,000$34Madded+9%−0.94 pp2 q
FRPTFreshpet, Inc.6.23%401,130$24Mtrimmed−35%−2.14 pp3 q
EVHEvolent Health, Inc Class A5.68%5,563,912$22Mtrimmed−2%−6.07 pp22 q
BRCCBRC Inc.3.95%13,935,560$15Mheld—16 q
PTLOPortillo's Inc. Class A1.78%1,534,990$7Mtrimmed−70%−6.24 pp8 q

Source

Form
13F-HR
Reading
0 defects · 0 unresolved
Accession
0000921895-26-000438
Options
none in this filing
Notes
none in this filing
SEC cross-check
SEC data set not published yet