Tensile Capital Management LP 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Tensile Capital Management LP disclosed 18 US equity positions worth $783.8m in its Q1 2025 13F filing. The largest position was VERX at 16.3% of the reported book, followed by DKS and LAD. Against the Q4 2024 filing, it opened 2 new positions, added to 4 and reduced 8 among the top 18 holdings.
What did Tensile Capital Management LP own in Q1 2025? Top 18 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | VERX VERTEX INC | Technology | 16.3% | $128.2m | 3,660,474 | -3% | reduced |
| 2 | DKS DICKS SPORTING GOODS | Consumer Cyclical | 9.7% | $76.4m | 378,844 | -11% | reduced |
| 3 | LAD LITHIA MTRS INC | Consumer Cyclical | 8.8% | $69.1m | 235,527 | 0% | held |
| 4 | QTWO Q2 HOLDINGS INC | Technology | 8.8% | $69.0m | 861,767 | -1% | reduced |
| 5 | VVV VALVOLINE INC | Consumer Cyclical | 8.7% | $68.4m | 1,965,179 | 7% | added |
| 6 | CCK CROWN HOLDINGS INC COM STK | Consumer Cyclical | 6.9% | $54.0m | 605,430 | -2% | reduced |
| 7 | USFD US FOODS HLDG CORP | Consumer Defensive | 6.9% | $53.9m | 824,042 | -3% | reduced |
| 8 | NCNO NCINO INC | Technology | 5.7% | $44.7m | 1,628,734 | 14% | added |
| 9 | BL BLACKLINE INC | Technology | 5.4% | $42.2m | 871,485 | 18% | added |
| 10 | ALITEUR ALIGHT INC. | 4.9% | $38.8m | 6,542,676 | -0% | held | |
| 11 | BATRK ATLANTA BRAVES HOLDINGS INC | Communication Services | 4.5% | $35.4m | 883,907 | -10% | reduced |
| 12 | VALARIS LTD | 3.3% | $25.9m | 660,000 | – | new | |
| 13 | EQIX EQUINIX INC | Real Estate | 2.7% | $21.1m | 25,892 | 0% | held |
| 14 | PRO PRO HOLDINGS INC | 2.5% | $19.3m | 1,012,362 | 1% | added | |
| 15 | WK WORKIVA INC | Technology | 2.1% | $16.3m | 215,269 | -10% | reduced |
| 16 | ASO ACADEMY SPORTS & OUTDOORS | Consumer Cyclical | 1.6% | $12.9m | 282,039 | -46% | reduced |
| 17 | HOS HELIX ENERGY SOLUTIONS GRP I | 0.8% | $6.4m | 773,162 | – | new | |
| 18 | RUSHA RUSH ENTERPRISES INC | Consumer Cyclical | 0.2% | $1.8m | 34,354 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.