Engaged Capital LLC — 13F Holdings & Portfolio
CIK 1559771 · latest 13F-HR filed 2026-08-14
Engaged Capital LLC manages $327.1M in 13F-reported U.S. long-equity assets across 10 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VFC (23.06%), YETI (18.09%), GXO (15.26%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 2 new positions and exited 0; 3 existing positions rose in reported value and 4 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-14
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 100%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Feb 18, 2026.
SUITE 950
NEWPORT BEACH, CA 92660
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| ENGAGED CAPITAL HOLDINGS, LLC Control | MANAGING MEMBER since Oct 2012 | 50–75% | Domestic Entity |
| JUNG, ANDREW, INCHUN Control | MEMBER, CHIEF FINANCIAL OFFICER since Jan 2020 | 5–10% | Individual |
| JUNG, ANDREW, INCHUN Control | MEMBER, CHIEF OPERATING OFFICER since Jan 2025 | 5–10% | Individual |
| WELLING, GLENN, WILLIAM Control | CHIEF INVESTMENT OFFICER since Feb 2012 | Less than 5% | Individual |
| HETRICK, CHRISTOPHER, BAYER | MEMBER, DIRECTOR OF RESEARCH since Oct 2012 | 10–25% | Individual |
| KEMPF, KENNETH, CONNOR | MEMBER, SENIOR ANALYST since Apr 2021 | 10–25% | Individual |
| PAULSEN, CARL, GREGORS | MEMBER, DIRECTOR OF RISK MANAGEMENT & TRADING since Oct 2012 | 5–10% | Individual |
| SPECTOR, RICHARD, ERIC | CHIEF COMPLIANCE OFFICER since Feb 2026 | Less than 5% | Individual |
| ZACHARIAS, BLAKE, ALEXANDER | MEMBER, SENIOR ANALYST since Jan 2016 | 5–10% | Individual |
| WELLING, GLENN, WILLIAM Control Indirect owner via ENGAGED CAPITAL HOLDINGS, LLC | MANAGING MEMBER since Oct 2012 | 50–75% | Individual |
Ownership & leadership changes · 9 filings with changes since Jul 9, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- No longer listedWHITE, DONNA, MARIE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jul 2025
- AddedPAULSEN, CARL, GREGORS · MEMBER, DIRECTOR OF RISK MANAGEMENT & TRADING · 5–10%
- AddedSPECTOR, RICHARD, ERIC · CHIEF COMPLIANCE OFFICER · Less than 5%
- AddedZACHARIAS, BLAKE, ALEXANDER · MEMBER, SENIOR ANALYST · 5–10%
- Listed againHETRICK, CHRISTOPHER, BAYER · MEMBER, DIRECTOR OF RESEARCH · 10–25%
- Listed againKEMPF, KENNETH, CONNOR · MEMBER, SENIOR ANALYST · 10–25%
- ChangedJUNG, ANDREW, INCHUN · title MEMBER, CHIEF FINANCIAL OFFICER → MEMBER, CHIEF FINANCIAL OFFICER / MEMBER, CHIEF OPERATING OFFICER; ownership Less than 5% → 5–10%
- No longer listedAILEY, ASHER, KAMALI · GENERAL COUNSEL, CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jul 2024
- AddedWHITE, DONNA, MARIE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- No longer listedDEMAREST, DAVID, EARL · MEMBER, CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Oct 2014
- No longer listedGRAY, RICHARD, TODD · MEMBER, CHIEF CLIENT OFFICER · 5–10% · listed since Mar 2014
- No longer listedHETRICK, CHRISTOPHER, BAYER · MEMBER, DIRECTOR - RESEARCH · 10–25% · listed since Oct 2012
- No longer listedKEMPF, KENNETH, CONNOR · MEMBER, SENIOR ANALYST · 5–10% · listed since Apr 2021
- AddedAILEY, ASHER, KAMALI · GENERAL COUNSEL, CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedDEMAREST, DAVID, EARL · title MEMBER, CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER → MEMBER, CHIEF OPERATING OFFICER
- No longer listedSPRINGSTUBB, BRENDAN, BLAKE · MEMBER, SENIOR ANALYST · 5–10% · listed since Jun 2013
- AddedJUNG, ANDREW, INCHUN · MEMBER, CHIEF FINANCIAL OFFICER · Less than 5% · control person
- AddedKEMPF, KENNETH, CONNOR · MEMBER, SENIOR ANALYST · 5–10%
- ChangedDEMAREST, DAVID, EARL · title MEMBER, CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER → MEMBER, CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER
- No longer listedBZURA, ANDREW, MARC · MEMBER, CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER · 10–25% · control person · listed since Oct 2012
- AddedDEMAREST, DAVID, EARL · MEMBER, CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- AddedGRAY, RICHARD, TODD · MEMBER, CHIEF CLIENT OFFICER · 5–10%
- AddedSPRINGSTUBB, BRENDAN, BLAKE · MEMBER, SENIOR ANALYST · 5–10%
- ChangedWELLING, GLENN, WILLIAM · indirect via ENGAGED CAPITAL HOLDINGS, LLC: ownership 75% or more → 50–75%
- No longer listedWELLING FAMILY TRUST DATED 10/31/00 · CLASS A MEMBER · 75% or more · indirect via ENGAGED CAPITAL HOLDINGS, LLC · control person · listed since Aug 2012
- No longer listedWELLING, GLENN, W · TRUSTEE · General partner, trustee or manager · indirect via WELLING FAMILY TRUST DATED 10/31/00 · control person · listed since Oct 2000
- No longer listedWELLING, LAURI, A. · TRUSTEE · General partner, trustee or manager · indirect via WELLING FAMILY TRUST DATED 10/31/00 · control person · listed since Oct 2000
- AddedBZURA, ANDREW, MARC · MEMBER, CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER · 10–25% · control person
- AddedHETRICK, CHRISTOPHER, BAYER · MEMBER, DIRECTOR - RESEARCH · 10–25%
- AddedWELLING, GLENN, WILLIAM · MANAGING MEMBER · 75% or more · indirect via ENGAGED CAPITAL HOLDINGS, LLC · control person
- ChangedENGAGED CAPITAL HOLDINGS, LLC · title MEMBER → MANAGING MEMBER; ownership 75% or more → 50–75%
- ChangedWELLING, GLENN, WILLIAM · title MANAGER, CHIEF INVESTMENT OFFICER, CHIEF COMPLIANCE OFFICER → CHIEF INVESTMENT OFFICER
- No longer listedSONENSHINE FAMILY TRUST DATED 4/21/00 · MEMBER · 25–50% · control person · listed since Apr 2012
- No longer listedSONENSHINE, ALLYSON, A · TRUSTEE OF SONENSHINE FAMILY TRUST · Less than 5% · control person · listed since Apr 2000
- No longer listedSONENSHINE, JACOB, PRELL · MANAGER, CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER / TRUSTEE OF SONENSHINE FAMILY TRUST · Less than 5% · control person · listed since Feb 2012
- No longer listedWELLING FAMILY TRUST DATED 10/31/00 · MEMBER · 25–50% · control person · listed since Apr 2012
- No longer listedWELLING, LAURI, A. · TRUSTEE OF WELLING FAMILY TRUST · Less than 5% · control person · listed since Oct 2000
- AddedENGAGED CAPITAL HOLDINGS, LLC · MEMBER · 75% or more · control person
- AddedWELLING FAMILY TRUST DATED 10/31/00 · CLASS A MEMBER · 75% or more · indirect via ENGAGED CAPITAL HOLDINGS, LLC · control person
- AddedWELLING, GLENN, W · TRUSTEE · General partner, trustee or manager · indirect via WELLING FAMILY TRUST DATED 10/31/00 · control person
- AddedWELLING, LAURI, A. · TRUSTEE · General partner, trustee or manager · indirect via WELLING FAMILY TRUST DATED 10/31/00 · control person
- ChangedWELLING, GLENN, WILLIAM · title MANAGER, CHIEF INVESTMENT OFFICER / TRUSTEE OF WELLING FAMILY TRUST → MANAGER, CHIEF INVESTMENT OFFICER, CHIEF COMPLIANCE OFFICER
- ListedSONENSHINE FAMILY TRUST DATED 4/21/00 · MEMBER · 25–50% · control person
- ListedSONENSHINE, ALLYSON, A · TRUSTEE OF SONENSHINE FAMILY TRUST · Less than 5% · control person
- ListedSONENSHINE, JACOB, PRELL · MANAGER, CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER / TRUSTEE OF SONENSHINE FAMILY TRUST · Less than 5% · control person
- ListedWELLING FAMILY TRUST DATED 10/31/00 · MEMBER · 25–50% · control person
- ListedWELLING, GLENN, WILLIAM · MANAGER, CHIEF INVESTMENT OFFICER / TRUSTEE OF WELLING FAMILY TRUST · Less than 5% · control person
- ListedWELLING, LAURI, A. · TRUSTEE OF WELLING FAMILY TRUST · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- EVOLENT HEALTH INC$17.5M +137.7%
- GXO LOGISTICS INCORPORATED$7.3M +17.2%
- BRC INC$4.7M +43.0%
Top Trims
- BLACKLINE INC-$27.4M -54.1%
- YETI HLDGS INC-$6.1M -9.3%
- V F CORP-$4.1M -5.1%
- PORTILLOS INC-$1.9M -10.4%
Engaged Capital LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | V F CORP | VFC | 918204108 | $75.4M | 23.06% | 4,521,894 | SH |
| 2 | YETI HLDGS INC | YETI | 98585X104 | $59.2M | 18.09% | 1,194,095 | SH |
| 3 | GXO LOGISTICS INCORPORATED | GXO | 36262G101 | $49.9M | 15.26% | 984,769 | SH |
| 4 | EVOLENT HEALTH INC | EVH | 30050B101 | $30.2M | 9.22% | 5,563,912 | SH |
| 5 | FRESHPET INC | FRPT | 358039105 | $28.7M | 8.76% | 484,741 | SH |
| 6 | COGNEX CORP | CGNX | 192422103 | $24.6M | 7.51% | 339,000 | SH |
| 7 | BLACKLINE INC | BL | 09239B109 | $23.2M | 7.10% | 827,619 | SH |
| 8 | PORTILLOS INC | PTLO | 73642K106 | $16.3M | 4.99% | 3,442,990 | SH |
| 9 | BRC INC | BRCC | 05601U105 | $15.5M | 4.73% | 13,935,560 | SH |
| 10 | EVOLENT HEALTH INC | — | 30050BAH4 | $4.2M | 1.27% | 5,500,000 | PRN |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $327.1M | 10 | 0000921895-26-002154 |
| 2026-03-31 | 2026-05-15 | $303.4M | 8 | 0000921895-26-001375 |
| 2025-12-31 | 2026-02-17 | $392.0M | 9 | 0000921895-26-000438 |
| 2025-09-30 | 2025-11-14 | $407.6M | 9 | 0000921895-25-003080 |
SUITE 950
NEWPORT BEACH, CA 92660