Tensile Capital Management LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Tensile Capital Management LP disclosed 24 US equity positions worth $772.0m in its Q4 2025 13F filing. The largest position was LAD at 9.7% of the reported book, followed by DKS and VERX. Against the Q3 2025 filing, it opened 4 new positions, added to 6 and reduced 10 among the top 24 holdings.
What did Tensile Capital Management LP own in Q4 2025? Top 24 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | LAD LITHIA MTRS INC | Consumer Cyclical | 9.7% | $74.7m | 224,790 | -5% | reduced |
| 2 | DKS DICKS SPORTING GOODS | Consumer Cyclical | 9.2% | $70.8m | 357,844 | 0% | held |
| 3 | VERX VERTEX INC | Technology | 8.8% | $68.3m | 3,419,994 | -10% | reduced |
| 4 | CCK CROWN HOLDINGS INC COM STK | Consumer Cyclical | 8.2% | $63.0m | 612,165 | 15% | added |
| 5 | VVV VALVOLINE INC | Consumer Cyclical | 7.9% | $61.0m | 2,098,843 | 1% | added |
| 6 | USFD US FOODS HLDG CORP | Consumer Defensive | 7.5% | $57.5m | 764,042 | 0% | held |
| 7 | CWAN CLEARWATER ANALYTICS HLDGS I | Technology | 7.4% | $57.0m | 2,364,674 | -6% | reduced |
| 8 | QTWO Q2 HOLDINGS INC | Technology | 6.4% | $49.1m | 679,767 | -13% | reduced |
| 9 | CTRI CENTURI HOLDINGS INC | Utilities | 6.1% | $47.1m | 1,866,243 | 130% | added |
| 10 | BL BLACKLINE INC | Technology | 5.7% | $43.7m | 790,945 | -3% | reduced |
| 11 | BATRK ATLANTA BRAVES HOLDINGS INC | Communication Services | 3.9% | $29.7m | 753,879 | -0% | held |
| 12 | NCNO NCINO INC | Technology | 3.6% | $27.8m | 1,085,142 | 20% | added |
| 13 | EQIX EQUINIX INC | Real Estate | 2.8% | $21.4m | 27,892 | 0% | held |
| 14 | SKY CHAMPION HOMES INC | Consumer Cyclical | 2.7% | $21.0m | 248,562 | -19% | reduced |
| 15 | VALARIS LTD | 2.2% | $17.1m | 339,419 | -13% | reduced | |
| 16 | NOBLE CORP PLC | 1.9% | $14.9m | 529,375 | 17% | added | |
| 17 | WBI WATERBRIDGE INFRASTRUCTURE L | 1.4% | $10.6m | 528,806 | 76% | added | |
| 18 | K4F ONESTREAM INC | 1.3% | $9.9m | 541,070 | – | new | |
| 19 | ALITEUR ALIGHT INC. | 0.9% | $7.3m | 3,760,472 | -46% | reduced | |
| 20 | ARCB ARCBEST CORP | Industrials | 0.8% | $6.0m | 81,230 | – | new |
| 21 | HOS HELIX ENERGY SOLUTIONS GRP I | 0.7% | $5.3m | 849,946 | -34% | reduced | |
| 22 | ASO ACADEMY SPORTS & OUTDOORS | Consumer Cyclical | 0.5% | $3.7m | 75,039 | -61% | reduced |
| 23 | UHAL/B U HAUL HOLDING COMPANY | 0.4% | $3.0m | 63,395 | – | new | |
| 24 | UHAL U HAUL HOLDING COMPANY | Industrials | 0.2% | $1.8m | 35,000 | – | new |
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.