Engaged Capital LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Engaged Capital LLC reported 9 stock positions worth $407.6 million. Its top holding was VF (VFC) at 20.8% of the portfolio, followed by Yeti (YETI, 17.7%) and Gxo Logistics (GXO, 12.7%). Compared with Q2 2025, it opened 2 new positions, added to 5 and reduced 1. The biggest buy was a new position in Cognex (CGNX) and the biggest sale Evolent Health Class A (EVH, shares −3%).

Most Recent 13F
Q2 2026
Location
Newport Beach, CA
CIK
0001559771
Portfolio Value
$407.6M (Q3 2025)
SEC Filing
0000921895-25-003080 ↗ filed Nov 14, 2025

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 $407.6M Q3 2025 Q4 2025: $392.0M Q4 2025 Q1 2026: $303.4M Q1 2026 Q2 2026: $322.9M Q2 2026

Holdings 9 stocks · $407.6M
VFC VF Corp. 20.75% 5,862,368 $84.6M Add +8.2%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 17.66% 2,169,551 $72.0M Add +0.3%
GXO Gxo Logistics Inc. 12.70% 978,477 $51.8M Add +9.1%
EVH Evolent Health Inc. Class A 11.75% 5,663,912 $47.9M Reduce -3.3%
CGNX Cognex Corp. 9.50% 855,000 $38.7M New
FRPT Freshpet Inc. 8.37% 619,130 $34.1M No change
PTLO Portillo's Inc. Class A 8.02% 5,069,301 $32.7M Add +4.9%
BL Blackline Inc. 5.91% 453,794 $24.1M New
BRC INC-A 5.33% 13,935,560 $21.7M Add +3.0%

Portfolio Sells Q2 2025 → Q3 2025
EVH Evolent Health Inc. Class A Reduce -3.3% 11.75% −6.68

Portfolio Buys Q2 2025 → Q3 2025
CGNX Cognex Corp. New 9.50% +9.50
BL Blackline Inc. New 5.91% +5.91
VFC VF Corp. Add +8.2% 20.75% +2.95
GXO Gxo Logistics Inc. Add +9.1% 12.70% +0.48
BRC INC-A Add +3.0% 5.33% +0.37
YETI Yeti Holdings Inc. Add +0.3% 17.66% −1.40
PTLO Portillo's Inc. Class A Add +4.9% 8.02% −7.75

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