Engaged Capital LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Engaged Capital LLC reported 9 stock positions worth $322.9 million. Its top holding was VF (VFC) at 23.4% of the portfolio, followed by Yeti (YETI, 18.3%) and Gxo Logistics (GXO, 15.5%). Compared with Q1 2026, it opened 1 new position, added to 1 and reduced 4. The biggest buy was a new position in Freshpet (FRPT) and the biggest sale Blackline (BL, shares −39%).

Most Recent 13F
Q2 2026
Location
Newport Beach, CA
CIK
0001559771
Portfolio Value
$322.9M (Q2 2026)
SEC Filing
0000921895-26-002154 ↗ filed Aug 14, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $617.1M Q1 2024 Q2 2024: $583.9M Q2 2024 Q3 2024: $616.5M Q3 2024 Q4 2024: $486.4M Q4 2024 Q1 2025: $392.2M Q1 2025 Q2 2025: $357.6M Q2 2025 Q3 2025: $407.6M Q3 2025 Q4 2025: $392.0M Q4 2025 Q1 2026: $303.4M Q1 2026 Q2 2026: $322.9M $322.9M Q2 2026

Holdings 9 stocks · $322.9M
VFC VF Corp. 23.36% 4,521,894 $75.4M Reduce -3.4%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 18.33% 1,194,095 $59.2M Reduce -33.1%
GXO Gxo Logistics Inc. 15.46% 984,769 $49.9M Add +19.8%
EVH Evolent Health Inc. Class A 9.34% 5,563,912 $30.2M No change
FRPT Freshpet Inc. 8.87% 484,741 $28.7M New
CGNX Cognex Corp. 7.60% 339,000 $24.6M Reduce -30.0%
BL Blackline Inc. 7.19% 827,619 $23.2M Reduce -39.5%
PTLO Portillo's Inc. Class A 5.05% 3,442,990 $16.3M No change
BRC INC-A 4.79% 13,935,560 $15.5M No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $4.2M (not counted above)
SecurityClassShares / PrincipalValueChange
EVOLENT HEALTH INC (EVH 3.5 12/01/29) NOTE 3.500%12/0 · principal 5,500,000$4.2MNew

Total filed on the 13F, all lines: $327.1M.

Portfolio Sells Q1 2026 → Q2 2026
BL Blackline Inc. Reduce -39.5% 7.19% −9.48
YETI Yeti Holdings Inc. Reduce -33.1% 18.33% −3.19
VFC VF Corp. Reduce -3.4% 23.36% −2.84
CGNX Cognex Corp. Reduce -30.0% 7.60% −0.21

Portfolio Buys Q1 2026 → Q2 2026
FRPT Freshpet Inc. New 8.87% +8.87
GXO Gxo Logistics Inc. Add +19.8% 15.46% +1.42

Notes & Other Activity Q1 2026 → Q2 2026
EVOLENT HEALTH INC (EVH 3.5 12/01/29) NOTE 3.500%12/0 · principal New 5,500,000 $4.2M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 9$322.9MVFC, YETI, GXO, EVH, FRPT
Q1 2026 8$303.4MVFC, YETI, BL, GXO, CGNX
Q4 2025 9$392.0MVFC, YETI, BL, GXO, CGNX
Q3 2025 9$407.6MVFC, YETI, GXO, EVH, CGNX
Q2 2025 7$357.6MYETI, EVH, VFC, PTLO, GXO
Q1 2025 9$392.2MVFC, PTLO, GTLS, YETI, EVH
Q4 2024 8$486.4MVFC, VYX, NATL, EVH, PTLO
Q3 2024 9$616.5MEVH, VFC, VYX, NATL, PTLO
Q2 2024 12$583.9MBRC INC-A, EVH, VYX, VFC, NATL
Q1 2024 11$617.1MEVH, VFC, SHAK, VYX, UPBD