Engaged Capital LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Engaged Capital LLC reported 9 stock positions worth $392.0 million. Its top holding was VF (VFC) at 24.5% of the portfolio, followed by Yeti (YETI, 22.9%) and Blackline (BL, 15.3%). Compared with Q3 2025, it added to 2 and reduced 6. The biggest buy was Blackline (BL, shares +139%) and the biggest sale Portillo's Class A (PTLO, shares −70%).
- Most Recent 13F
- Q2 2026
- Location
- Newport Beach, CA
- CIK
- 0001559771
- Portfolio Value
- $392.0M (Q4 2025)
- SEC Filing
- 0000921895-26-000438 ↗ filed Feb 17, 2026
Holdings Value
Holdings 9 stocks · $392.0M
| VFC VF Corp. | 24.47% | 5,306,548 | $95.9M | Reduce -9.5% |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 22.90% | 2,032,695 | $89.8M | Reduce -6.3% |
| BL Blackline Inc. | 15.28% | 1,083,619 | $59.9M | Add +138.8% |
| GXO Gxo Logistics Inc. | 11.14% | 829,769 | $43.7M | Reduce -15.2% |
| CGNX Cognex Corp. | 8.56% | 933,000 | $33.6M | Add +9.1% |
| FRPT Freshpet Inc. | 6.23% | 401,130 | $24.4M | Reduce -35.2% |
| EVH Evolent Health Inc. Class A | 5.68% | 5,563,912 | $22.3M | Reduce -1.8% |
| BRC INC-A | 3.95% | 13,935,560 | $15.5M | No change |
| PTLO Portillo's Inc. Class A | 1.78% | 1,534,990 | $7.0M | Reduce -69.7% |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 9 | $322.9M | VFC, YETI, GXO, EVH, FRPT |
| Q1 2026 | 8 | $303.4M | VFC, YETI, BL, GXO, CGNX |
| Q4 2025 | 9 | $392.0M | VFC, YETI, BL, GXO, CGNX |
| Q3 2025 | 9 | $407.6M | VFC, YETI, GXO, EVH, CGNX |
| Q2 2025 | 7 | $357.6M | YETI, EVH, VFC, PTLO, GXO |
| Q1 2025 | 9 | $392.2M | VFC, PTLO, GTLS, YETI, EVH |
| Q4 2024 | 8 | $486.4M | VFC, VYX, NATL, EVH, PTLO |
| Q3 2024 | 9 | $616.5M | EVH, VFC, VYX, NATL, PTLO |
| Q2 2024 | 12 | $583.9M | BRC INC-A, EVH, VYX, VFC, NATL |
| Q1 2024 | 11 | $617.1M | EVH, VFC, SHAK, VYX, UPBD |