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Hedge fund

Engaged Capital LLC

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1559771

Reported value
$322.9m
100% in companies we cover
Positions we cover
9
Largest VFC 23.4%
Copy, a year
+3.7%
S&P 500 +13.7%
Copy Sharpe ratio
0.19
S&P 500 0.74

How copying its 13F would have done

$10.0k$20.0k$40.0k 2014201620182020202220242026 $50.0k$15.7k
CopyS&P 500 $10,000 copying Engaged Capital LLC's filed holdings in companies we cover from April 25, 2014, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −57.3% (S&P 500 −31.8%); beta 0.90; alpha −5.6% a year (t = −0.85); last 12 months +18.6% against +12.1%.

Reported value by quarter

Engaged Capital LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $200B $400B $600B Reported value, 2013-12-31: $1.7M Reported value, 2014-03-31: $3.3M Reported value, 2014-06-30: $144.1M Reported value, 2014-09-30: $135.3M Reported value, 2014-12-31: $122.5M Reported value, 2015-03-31: $133.9M Reported value, 2015-06-30: $173.8M Reported value, 2015-09-30: $174.4M Reported value, 2015-12-31: $161M Reported value, 2016-03-31: $296.3M Reported value, 2016-06-30: $284.2M Reported value, 2016-09-30: $274.7M Reported value, 2016-12-31: $306.7M Reported value, 2017-03-31: $394.2M Reported value, 2017-06-30: $673.8M Reported value, 2017-09-30: $813.1M Reported value, 2017-12-31: $17.3M Reported value, 2018-03-31: $736.7M Reported value, 2018-06-30: $794.7M Reported value, 2018-09-30: $712.9M Reported value, 2018-12-31: $539.3M Reported value, 2019-03-31: $712.4M Reported value, 2019-06-30: $822.2M Reported value, 2019-09-30: $789.3M Reported value, 2019-12-31: $962.8M Reported value, 2020-03-31: $762.8M Reported value, 2020-06-30: $928.2M Reported value, 2020-09-30: $966.9M Reported value, 2020-12-31: $1.2B Reported value, 2021-03-31: $1.4B Reported value, 2021-06-30: $1.3B Reported value, 2021-09-30: $1.4B Reported value, 2021-12-31: $812M Reported value, 2022-03-31: $987.5M Reported value, 2022-06-30: $651.3M Reported value, 2022-09-30: $505.7M Reported value, 2022-12-31: $591.4B Reported value, 2023-03-31: $702.6M Reported value, 2023-06-30: $691.3M Reported value, 2023-09-30: $548.5M Reported value, 2023-12-31: $682.7M Reported value, 2024-03-31: $617.1M Reported value, 2024-06-30: $583.9M Reported value, 2024-09-30: $616.5M Reported value, 2024-12-31: $486.4M Reported value, 2025-03-31: $392.2M Reported value, 2025-06-30: $357.6M Reported value, 2025-09-30: $407.6M Reported value, 2025-12-31: $392M Reported value, 2026-03-31: $303.4M Reported value, 2026-06-30: $322.9M 2013-12-31 2016-06-30 2018-12-31 2021-06-30 2023-12-31 2026-06-30 $322.9M
View chart data
Period Reported value
2013-12-31 $1.7M
2014-03-31 $3.3M
2014-06-30 $144.1M
2014-09-30 $135.3M
2014-12-31 $122.5M
2015-03-31 $133.9M
2015-06-30 $173.8M
2015-09-30 $174.4M
2015-12-31 $161M
2016-03-31 $296.3M
2016-06-30 $284.2M
2016-09-30 $274.7M
2016-12-31 $306.7M
2017-03-31 $394.2M
2017-06-30 $673.8M
2017-09-30 $813.1M
2017-12-31 $17.3M
2018-03-31 $736.7M
2018-06-30 $794.7M
2018-09-30 $712.9M
2018-12-31 $539.3M
2019-03-31 $712.4M
2019-06-30 $822.2M
2019-09-30 $789.3M
2019-12-31 $962.8M
2020-03-31 $762.8M
2020-06-30 $928.2M
2020-09-30 $966.9M
2020-12-31 $1.2B
2021-03-31 $1.4B
2021-06-30 $1.3B
2021-09-30 $1.4B
2021-12-31 $812M
2022-03-31 $987.5M
2022-06-30 $651.3M
2022-09-30 $505.7M
2022-12-31 $591.4B
2023-03-31 $702.6M
2023-06-30 $691.3M
2023-09-30 $548.5M
2023-12-31 $682.7M
2024-03-31 $617.1M
2024-06-30 $583.9M
2024-09-30 $616.5M
2024-12-31 $486.4M
2025-03-31 $392.2M
2025-06-30 $357.6M
2025-09-30 $407.6M
2025-12-31 $392M
2026-03-31 $303.4M
2026-06-30 $322.9M

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
VFCVF Corporation23.36%$75.4m4.52M−3.4% Reduced
YETIYeti Holdings, Inc.18.33%$59.2m1.19M−33.1% Reduced
GXOGXO Logistics, Inc.15.46%$49.9m984.8K+19.8% Added
EVHEvolent Health, Inc.9.34%$30.2m5.56M0.0%
FRPTFreshpet, Inc.8.88%$28.7m484.7KNew
CGNXCognex Corp7.60%$24.6m339.0K−30.0% Reduced
BLBlackline, Inc.7.19%$23.2m827.6K−39.5% Reduced
PTLOPortillo's Inc.5.05%$16.3m3.44M0.0%
BRCCBRC Inc.4.79%$15.5m13.94M0.0%
CompanyBought (value)Shares
FRPTFreshpet, Inc.$28.7m484.7K
GXOGXO Logistics, Inc.$8.3m163.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
YETIYeti Holdings, Inc.−$29.2m−590.0K
BLBlackline, Inc.−$15.2m−540.0K
CGNXCognex Corp−$10.5m−145.0K
VFCVF Corporation−$2.6m−157.1K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

No positions in covered companies were sold out this quarter.

  • Consumer Discretionary46.7%
  • Industrials15.5%
  • Technology14.8%
  • Consumer Staples13.7%
  • Health Care9.3%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestApril 25, 2014 to November 2, 2026+3.7%+13.7%0.190.74−57.3%0.90
2018 onwardsJanuary 5, 2018 to November 2, 2026+1.2%+13.9%0.090.66−57.3%0.86
Last three yearsNovember 3, 2023 to November 2, 2026−4.5%+21.8%−0.191.16−44.2%1.01
Last yearNovember 7, 2025 to November 2, 2026+22.2%+14.2%0.770.84−17.8%0.79

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.