Tensile Capital Management LP 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Tensile Capital Management LP disclosed 21 US equity positions worth $828.5m in its Q2 2025 13F filing. The largest position was VERX at 15.5% of the reported book, followed by VVV and DKS. Against the Q1 2025 filing, it opened 3 new positions, added to 5 and reduced 11 among the top 21 holdings.
What did Tensile Capital Management LP own in Q2 2025? Top 21 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | VERX VERTEX INC | Technology | 15.5% | $128.8m | 3,643,850 | -0% | held |
| 2 | VVV VALVOLINE INC | Consumer Cyclical | 9.3% | $77.3m | 2,040,179 | 4% | added |
| 3 | DKS DICKS SPORTING GOODS | Consumer Cyclical | 9.1% | $75.7m | 382,844 | 1% | added |
| 4 | LAD LITHIA MTRS INC | Consumer Cyclical | 9.1% | $75.5m | 223,527 | -5% | reduced |
| 5 | QTWO Q2 HOLDINGS INC | Technology | 8.8% | $73.0m | 779,767 | -10% | reduced |
| 6 | USFD US FOODS HLDG CORP | Consumer Defensive | 7.4% | $61.5m | 799,042 | -3% | reduced |
| 7 | CCK CROWN HOLDINGS INC COM STK | Consumer Cyclical | 6.8% | $56.2m | 545,430 | -10% | reduced |
| 8 | BL BLACKLINE INC | Technology | 5.5% | $45.9m | 811,485 | -7% | reduced |
| 9 | NCNO NCINO INC | Technology | 4.6% | $37.8m | 1,350,704 | -17% | reduced |
| 10 | BATRK ATLANTA BRAVES HOLDINGS INC | Communication Services | 4.3% | $35.3m | 753,907 | -15% | reduced |
| 11 | ALITEUR ALIGHT INC. | 4.2% | $35.2m | 6,210,676 | -5% | reduced | |
| 12 | CWAN CLEARWATER ANALYTICS HLDGS I | Technology | 3.6% | $29.8m | 1,357,990 | – | new |
| 13 | EQIX EQUINIX INC | Real Estate | 2.7% | $22.2m | 27,892 | 8% | added |
| 14 | VALARIS LTD | 2.3% | $18.7m | 445,000 | -33% | reduced | |
| 15 | WK WORKIVA INC | Technology | 1.6% | $13.0m | 189,742 | -12% | reduced |
| 16 | ASO ACADEMY SPORTS & OUTDOORS | Consumer Cyclical | 1.5% | $12.8m | 284,875 | 1% | added |
| 17 | PRO PRO HOLDINGS INC | 1.5% | $12.5m | 800,136 | -21% | reduced | |
| 18 | HOS HELIX ENERGY SOLUTIONS GRP I | 0.8% | $6.8m | 1,090,959 | 41% | added | |
| 19 | NEOG NEOGEN CORP | Healthcare | 0.6% | $4.9m | 1,015,295 | – | new |
| 20 | NOBLE CORP PLC | 0.5% | $4.0m | 150,000 | – | new | |
| 21 | 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.