Engine Capital Management, LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Engine Capital Management, LP reported 36 stock positions worth $546.8 million. Its top holding was Orthofix Medical (OFIX) at 11.0% of the portfolio, followed by NCR Atleos (NATL, 10.8%) and LKQ (LKQ, 9.4%). Compared with Q3 2024, it opened 4 new positions, sold out of 6, added to 8 and reduced 10. The biggest buy was a new position in Magnera (MAGN) and the biggest sale Upwork (UPWK, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001665590
- Portfolio Value
- $546.8M (Q4 2024)
- SEC Filing
- 0001665590-25-000006 ↗ filed Feb 14, 2025
Holdings Value
Holdings 36 stocks · $546.8M
| OFIX Orthofix Medical Inc. | 11.02% | 3,450,744 | $60.2M | Add +2.4% |
| NATL NCR Atleos Corp. | 10.78% | 1,738,489 | $59.0M | Add +1.7% |
| LKQ LKQ Corp. | 9.39% | 1,396,614 | $51.3M | Add +263.1% |
| MAGN Magnera Corp. | 7.84% | 2,358,341 | $42.9M | New |
| FVRR Fiverr International Ltd. | 6.99% | 1,204,316 | $38.2M | Add +2.3% |
| LAUR Laureate Education Inc. | 6.42% | 1,919,969 | $35.1M | Reduce -21.1% |
| CZR Caesars Entertainment Inc. | 5.56% | 909,090 | $30.4M | No change |
| NXST Nexstar Media Group Inc. | 5.35% | 185,213 | $29.3M | No change |
| EYE National Vision Holdings Inc. | 4.82% | 2,528,053 | $26.3M | Add +127.5% |
| PRKS United Parks & Resorts Inc. | 3.74% | 363,897 | $20.4M | Reduce -30.4% |
| KBR KBR Inc. | 3.35% | 315,798 | $18.3M | Add +27.7% |
| LNWO Light & Wonder Inc. | 2.77% | 175,524 | $15.2M | Add +1110.0% |
| QDEL Quidelortho Corp. | 2.70% | 331,597 | $14.8M | New |
| LYFT LYFT Inc. Class A | 2.57% | 1,088,200 | $14.0M | Reduce -29.1% |
| XRAY Dentsply Sirona Inc. | 2.45% | 706,401 | $13.4M | Add +123.3% |
| AMTM Amentum Holdings Inc. | 2.39% | 621,400 | $13.1M | New |
| PHIN Phinia Inc. | 2.38% | 270,622 | $13.0M | No change |
| AOUT American Outdoor Brands Inc. | 1.83% | 656,329 | $10.0M | No change |
| EVRI Everi Holdings Inc. | 1.25% | 504,301 | $6.8M | No change |
| IWM iShares Russell 2000 ETF | 1.07% | 26,444 | $5.8M | Reduce -27.4% |
| THS Treehouse Foods Inc. | 0.98% | 152,832 | $5.4M | No change |
| MGM MGM Resorts International | 0.95% | 150,000 | $5.2M | No change |
| BCO The Brink's Co. | 0.70% | 41,074 | $3.8M | No change |
| UPWK Upwork Inc. | 0.50% | 167,321 | $2.7M | Reduce -96.6% |
| CLDT Chatham Lodging Trust | 0.39% | 238,252 | $2.1M | No change |
| TSVT 2SEVENTY Bio Inc. | 0.38% | 703,972 | $2.1M | Reduce -45.4% |
| INN Summit Hotel Properties Inc. | 0.31% | 243,661 | $1.7M | No change |
| RTX RTX Corp. | 0.27% | 12,810 | $1.5M | Reduce -94.0% |
| JELD Jeld-Wen Holding Inc. | 0.24% | 161,878 | $1.3M | Reduce -2.9% |
| ETSY Etsy Inc. | 0.24% | 24,676 | $1.3M | Reduce -89.0% |
| CIO City Office REIT Inc. | 0.23% | 231,020 | $1.3M | No change |
| MGRC McGrath Rentcorp | 0.12% | 5,697 | $637K | Reduce -95.9% |
| RMNI Rimini Street Inc. | 0.01% | 30,648 | $82K | No change |
| KFY Korn Ferry | 0.01% | 961 | $65K | No change |
| NVST Envista Holdings Corp. | 0.01% | 2,000 | $39K | No change |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.01% | 750 | $36K | New |
Portfolio Sells Q3 2024 → Q4 2024
| UPWK Upwork Inc. | Reduce -96.6% | 0.50% | −8.33 |
| RTX RTX Corp. | Reduce -94.0% | 0.27% | −4.24 |
| MRC MRC Global Inc. | Sold out | 0.00% | −4.23 |
| RCM R1 RCM Inc. | Sold out | 0.00% | −3.67 |
| MGRC McGrath Rentcorp | Reduce -95.9% | 0.12% | −2.40 |
| ETSY Etsy Inc. | Reduce -89.0% | 0.24% | −1.92 |
| DBX Dropbox Inc. Class A | Sold out | 0.00% | −1.81 |
| ALIT Alight Inc. Class A | Sold out | 0.00% | −1.67 |
| PRKS United Parks & Resorts Inc. | Reduce -30.4% | 3.74% | −0.84 |
| LYFT LYFT Inc. Class A | Reduce -29.1% | 2.57% | −0.83 |
| TSVT 2SEVENTY Bio Inc. | Reduce -45.4% | 0.38% | −0.68 |
| LAUR Laureate Education Inc. | Reduce -21.1% | 6.42% | −0.58 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −0.49 |
| IWM iShares Russell 2000 ETF | Reduce -27.4% | 1.07% | −0.33 |
| JELD Jeld-Wen Holding Inc. | Reduce -2.9% | 0.24% | −0.21 |
| LW Lamb Weston Holdings Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| MAGN Magnera Corp. | New | 7.84% | +7.84 |
| LKQ LKQ Corp. | Add +263.1% | 9.39% | +6.73 |
| EYE National Vision Holdings Inc. | Add +127.5% | 4.82% | +2.72 |
| QDEL Quidelortho Corp. | New | 2.70% | +2.70 |
| LNWO Light & Wonder Inc. | Add +1110.0% | 2.77% | +2.54 |
| AMTM Amentum Holdings Inc. | New | 2.39% | +2.39 |
| NATL NCR Atleos Corp. | Add +1.7% | 10.78% | +2.33 |
| OFIX Orthofix Medical Inc. | Add +2.4% | 11.02% | +1.90 |
| FVRR Fiverr International Ltd. | Add +2.3% | 6.99% | +1.71 |
| XRAY Dentsply Sirona Inc. | Add +123.3% | 2.45% | +0.97 |
| KBR KBR Inc. | Add +27.7% | 3.35% | +0.55 |
| AL Sumisho Air Lease Corp. | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 29 | $1.0B | AVTR, NATL, BCO, DNOW, EYE |
| Q1 2026 | 26 | $828.4M | AVTR, NATL, SUNC, DNOW, BCO |
| Q4 2025 | 28 | $724.2M | AVTR, NATL, UNF, SUNC, OFIX |
| Q3 2025 | 27 | $842.2M | AVTR, NATL, LNWO, ACHC, OFIX |
| Q2 2025 | 28 | $473.4M | AVTR, NATL, OFIX, KBR, NXST |
| Q1 2025 | 33 | $527.6M | OFIX, LKQ, NATL, EYE, MAGN |
| Q4 2024 | 36 | $546.8M | OFIX, NATL, LKQ, MAGN, FVRR |
| Q3 2024 | 38 | $577.0M | OFIX, UPWK, NATL, LAUR, CZR |
| Q2 2024 | 36 | $533.7M | RTX, OFIX, LAUR, MRC, NATL |
| Q1 2024 | 39 | $495.4M | RTX, MRC, OFIX, LAUR, DELL |