Tensile Capital Management LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Tensile Capital Management LP disclosed 22 US equity positions worth $800.4m in its Q3 2025 13F filing. The largest position was VERX at 11.8% of the reported book, followed by DKS and VVV. Against the Q2 2025 filing, it opened 3 new positions, added to 8 and reduced 7 among the top 22 holdings.
What did Tensile Capital Management LP own in Q3 2025? Top 22 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | VERX VERTEX INC | Technology | 11.8% | $94.3m | 3,804,409 | 4% | added |
| 2 | DKS DICKS SPORTING GOODS | Consumer Cyclical | 9.9% | $79.5m | 357,844 | -7% | reduced |
| 3 | VVV VALVOLINE INC | Consumer Cyclical | 9.3% | $74.7m | 2,078,843 | 2% | added |
| 4 | LAD LITHIA MTRS INC | Consumer Cyclical | 9.3% | $74.4m | 235,527 | 5% | added |
| 5 | USFD US FOODS HLDG CORP | Consumer Defensive | 7.3% | $58.5m | 764,042 | -4% | reduced |
| 6 | QTWO Q2 HOLDINGS INC | Technology | 7.1% | $56.4m | 779,767 | 0% | held |
| 7 | CCK CROWN HOLDINGS INC COM STK | Consumer Cyclical | 6.4% | $51.5m | 533,165 | -2% | reduced |
| 8 | CWAN CLEARWATER ANALYTICS HLDGS I | Technology | 5.7% | $45.5m | 2,524,672 | 86% | added |
| 9 | BL BLACKLINE INC | Technology | 5.4% | $43.2m | 812,685 | 0% | held |
| 10 | BATRK ATLANTA BRAVES HOLDINGS INC | Communication Services | 3.9% | $31.4m | 753,907 | 0% | held |
| 11 | NCNO NCINO INC | Technology | 3.1% | $24.4m | 901,539 | -33% | reduced |
| 12 | SKY CHAMPION HOMES INC | Consumer Cyclical | 2.9% | $23.5m | 308,162 | – | new |
| 13 | ALITEUR ALIGHT INC. | 2.8% | $22.7m | 6,948,894 | 12% | added | |
| 14 | PRO PRO HOLDINGS INC | 2.8% | $22.3m | 974,126 | 22% | added | |
| 15 | EQIX EQUINIX INC | Real Estate | 2.7% | $21.8m | 27,892 | 0% | held |
| 16 | VALARIS LTD | 2.4% | $19.0m | 389,419 | -12% | reduced | |
| 17 | CTRI CENTURI HOLDINGS INC | Utilities | 2.1% | $17.2m | 812,088 | – | new |
| 18 | NOBLE CORP PLC | 1.6% | $12.8m | 452,611 | 202% | added | |
| 19 | ASO ACADEMY SPORTS & OUTDOORS | Consumer Cyclical | 1.2% | $9.7m | 194,875 | -32% | reduced |
| 20 | HOS HELIX ENERGY SOLUTIONS GRP I | 1.1% | $8.5m | 1,290,959 | 18% | added | |
| 21 | WBI WATERBRIDGE INFRASTRUCTURE L | 0.9% | $7.6m | 300,000 | – | new | |
| 22 | RUSHA RUSH ENTERPRISES INC | Consumer Cyclical | 0.2% | $1.4m | 26,454 | -23% | reduced |
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.