WhaleCreep

Engaged Capital LLC 13F holdings, Q3 2017

Hedge fundSEC filingsCompare with another fundHoldings as of 2017-09-30, filed 2017-11-14

Engaged Capital LLC disclosed 21 US equity positions worth $813.1m in its Q3 2017 13F filing. Its largest position is HAIN at 52.4% of the reported book, followed by UPBD and STKL. Versus Q2 2017 it opened 8 new positions, added to 5, reduced 3 and exited 4.

$813m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
21
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
52.4%
Largest position
The largest single position as a share of the reported equity book.
94.6%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
3
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
51
Quarters on file since Q4 2013
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q2 2017: 8 new, 5 added, 3 reduced, 4 exited

21 rows
HAIN HAIN CELESTIAL GROUP INCConsumer Defensive52.4%$426m10.35m+29%added
UPBD UPBOUND GROUP INCTechnology12.7%$103m8.98m0.0%held
STKL SUNOPTA INC–7.2%$58.8m6.76m0.0%held
TIVOEUR TIVO CORP–6.2%$50.1m2.52m0.0%held
MED MEDIFAST INCConsumer Cyclical5.8%$46.9m789,5490.0%held
BHE BENCHMARK ELECTRS INCTechnology3.2%$26.3m769,782−17%reduced
JAMBA INC no ticker–3.0%$24.5m2.83m0.0%held
MX MAGNACHIP SEMICONDUCTOR CORPTechnology2.1%$16.8m1.48m−36%reduced
BROADSOFT INC no ticker–1.0%$8.2m163,328+59%added
THC TENET HEALTHCARE CORPHealthcare1.0%$8.2m498,613–new
CCRN CROSS CTRY HEALTHCARE INC–1.0%$8.1m566,422+107%added
FNSR FINISAR CORP–0.6%$5.1m229,461+49%added
RUBY TUESDAY INC no ticker–0.6%$5.0m2.31m+14%added
CLS CELESTICA INCTechnology0.5%$4.4m358,214–new
GIGAMON INC no ticker–0.5%$4.2m100,000–new
IMAX IMAX CORPCommunication Services0.5%$4.2m185,814–new
DBD DIEBOLD NIXDORF INCTechnology0.5%$4.1m180,000–new
VYX NCR VOYIX CORPORATIONTechnology0.5%$3.9m105,134–new
DXCM DEXCOM INCHealthcare0.4%$2.9m60,000–new
XPER XPERI CORPTechnology0.2%$1.3m53,257–new
IWM ISHARES TR–0.1%$859k5,800−3.3%reduced

Exited since Q2 2017

4 rows
TRS TRIMAS CORP1.0%$6.6m
AJRDEUR AEROJET ROCKETDYNE HLDGS INC0.5%$3.6m
GTS TRIPLE-S MGMT CORP0.5%$3.3m
HMHCUSD HOUGHTON MIFFLIN HARCOURT CO0.4%$2.6m

Sector mix

  • Consumer Defensive52.4%
  • Unclassified20.3%
  • Technology19.7%
  • Consumer Cyclical5.8%
  • Healthcare1.4%
  • Communication Services0.5%

Book over time

Every quarter on file (51)
QuarterPositionsEquity book
Q2 202610$327m
Q1 20268$303m
Q4 20259$392m
Q3 20259$408m
Q2 20257$358m
Q1 20259$392m
Q4 20248$486m
Q3 20249$617m
Q2 202412$584m
Q1 202411$617m
Q4 20239$683m
Q3 20237$549m
Q2 20238$691m
Q1 202310$703m
Q4 20229$591m
Q3 20229$506m
Q2 20227$651m
Q1 20228$988m
Q4 20219$812m
Q3 20219$1.4bn
Q2 20219$1.3bn
Q1 20219$1.4bn
Q4 20209$1.2bn
Q3 202010$967m
Q2 202010$928m
Q1 20208$763m
Q4 20198$963m
Q3 20198$789m
Q2 20199$822m
Q1 201912$712m
Q4 201815$539m
Q3 201816$713m
Q2 201816$795m
Q1 201815$737m
Q4 201715$788m
Q3 201721$813m
Q2 201717$674m
Q1 201716$394m
Q4 201614$307m
Q3 201614$275m
Q2 201612$284m
Q1 201612$296m
Q4 201511$161m
Q3 201512$174m
Q2 201515$174m
Q1 201516$134m
Q4 201413$123m
Q3 201413$135m
Q2 201412$144m
Q1 201415$146m
Q4 201312$142m

Where Engaged Capital LLC was early

20 rows
MED MEDIFAST INCQ1 20141 of 9212.0%17.3%22Exited by Q4 2020+465%
TRS TRIMAS CORPQ3 20141 of 836.7%16.5%12Exited by Q3 2017+7.5%
TEX TEREX CORP NEWQ4 20145 of 1261.2%2.4%2Exited by Q2 2015−4.6%
AWI ARMSTRONG WORLD INDS INC NEWQ4 201412 of 1331.2%1.3%2Exited by Q2 2015+12%
BG3 BIG 5 SPORTING GOODS CORPQ1 20152 of 642.4%2.4%2Exited by Q3 2015+7.1%
BHE BENCHMARK ELECTRS INCQ1 20152 of 714.2%24.1%17Exited by Q2 2019+9.2%
STKL SUNOPTA INCQ1 20152 of 922.6%16.5%30Exited by Q2 2023+117%
ABM ABM INDS INCQ2 20151 of 836.5%6.5%2Exited by Q4 2015−17%
MX MAGNACHIP SEMICONDUCTOR CORPQ2 20153 of 826.6%11.7%13Exited by Q4 2020+77%
ZIXI ZIX CORPQ2 20153 of 462.5%2.5%2Exited by Q4 2015−19%
HAIN HAIN CELESTIAL GROUP INCQ4 20158 of 1132.2%71.7%22Exited by Q2 2022−15%
UPBD UPBOUND GROUP INCQ4 20162 of 1118.4%20.2%31Exited by Q3 2024+173%
CLS CELESTICA INCQ3 20172 of 1680.5%2.5%5Exited by Q4 2018−13%
VYX NCR VOYIX CORPORATIONQ3 201718 of 1960.5%24.7%31Exited by Q2 2025−58%
APOG APOGEE ENTERPRISES INCQ4 20173 of 812.2%9.3%10Exited by Q2 2020−54%
ANIK ANIKA THERAPEUTICS INCQ2 20182 of 581.1%2.3%3Exited by Q1 2019+5.0%
UEIC UNIVERSAL ELECTRS INCQ2 20184 of 471.0%1.1%2Exited by Q4 2018+19%
GIL GILDAN ACTIVEWEAR INCQ4 20209 of 1273.6%4.4%4Exited by Q4 2021+30%
BRCC BRC INCQ1 20221 of 5133.9%33.9%18Held at last filing, Q2 2026−95%
NATL NCR ATLEOS CORPORATIONQ4 20231 of 888.9%15.4%6Exited by Q2 2025+8.6%

Concentration and tenure

27.4%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
100%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
3
Median completed holding, quarters