Engine Capital Management, LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Engine Capital Management, LP reported 28 stock positions worth $473.4 million. Its top holding was Avantor (AVTR) at 15.6% of the portfolio, followed by NCR Atleos (NATL, 14.6%) and Orthofix Medical (OFIX, 10.0%). Compared with Q1 2025, it opened 2 new positions, sold out of 7, added to 7 and reduced 3. The biggest buy was a new position in Avantor (AVTR) and the biggest sale an exit from LKQ (LKQ).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001665590
- Portfolio Value
- $473.4M (Q2 2025)
- SEC Filing
- 0001665590-25-000011 ↗ filed Aug 14, 2025
Holdings Value
Holdings 28 stocks · $473.4M
| AVTR Avantor Inc. | 15.65% | 5,504,309 | $74.1M | New |
| NATL NCR Atleos Corp. | 14.56% | 2,415,779 | $68.9M | Add +22.3% |
| OFIX Orthofix Medical Inc. | 10.01% | 4,251,671 | $47.4M | Add +13.6% |
| KBR KBR Inc. | 8.36% | 825,417 | $39.6M | Add +161.4% |
| NXST Nexstar Media Group Inc. | 6.85% | 187,513 | $32.4M | Add +1.2% |
| CVEO Civeo Corp. | 6.53% | 1,338,114 | $30.9M | No change |
| MAGN Magnera Corp. | 6.33% | 2,481,317 | $30.0M | Add +5.3% |
| CZR Caesars Entertainment Inc. | 5.45% | 909,090 | $25.8M | No change |
| LNWO Light & Wonder Inc. | 4.84% | 238,265 | $22.9M | Add +35.7% |
| PRKS United Parks & Resorts Inc. | 4.35% | 436,397 | $20.6M | Add +19.1% |
| AMTM Amentum Holdings Inc. | 3.17% | 635,255 | $15.0M | No change |
| UNF Unifirst Corp. | 2.47% | 62,099 | $11.7M | New |
| PHIN Phinia Inc. | 1.60% | 170,622 | $7.6M | No change |
| EVRI Everi Holdings Inc. | 1.52% | 504,301 | $7.2M | No change |
| AOUT American Outdoor Brands Inc. | 1.45% | 656,329 | $6.9M | No change |
| IWM iShares Russell 2000 ETF | 1.21% | 26,444 | $5.7M | No change |
| MGM MGM Resorts International | 1.09% | 150,000 | $5.2M | No change |
| LAUR Laureate Education Inc. | 0.93% | 189,041 | $4.4M | Reduce -61.3% |
| BCO The Brink's Co. | 0.77% | 41,074 | $3.7M | No change |
| XRAY Dentsply Sirona Inc. | 0.63% | 188,459 | $3.0M | Reduce -73.3% |
| THS Treehouse Foods Inc. | 0.63% | 152,832 | $3.0M | No change |
| PSX Phillips 66 | 0.50% | 20,000 | $2.4M | No change |
| CLDT Chatham Lodging Trust | 0.35% | 238,252 | $1.7M | No change |
| INN Summit Hotel Properties Inc. | 0.26% | 243,661 | $1.2M | No change |
| CIO City Office REIT Inc. | 0.26% | 231,020 | $1.2M | No change |
| FVRR Fiverr International Ltd. | 0.16% | 25,291 | $742K | No change |
| EYE National Vision Holdings Inc. | 0.05% | 9,938 | $229K | Reduce -99.7% |
| RMNI Rimini Street Inc. | 0.02% | 30,648 | $116K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| LKQ LKQ Corp. | Sold out | 0.00% | −10.21 |
| EYE National Vision Holdings Inc. | Reduce -99.7% | 0.05% | −9.34 |
| LYFT LYFT Inc. Class A | Sold out | 0.00% | −7.50 |
| QDEL Quidelortho Corp. | Sold out | 0.00% | −2.20 |
| XRAY Dentsply Sirona Inc. | Reduce -73.3% | 0.63% | −1.37 |
| LAUR Laureate Education Inc. | Reduce -61.3% | 0.93% | −0.96 |
| TSVT 2SEVENTY Bio Inc. | Sold out | 0.00% | −0.66 |
| JELD Jeld-Wen Holding Inc. | Sold out | 0.00% | −0.03 |
| KFY Korn Ferry | Sold out | 0.00% | −0.01 |
| AL Sumisho Air Lease Corp. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| AVTR Avantor Inc. | New | 15.65% | +15.65 |
| KBR KBR Inc. | Add +161.4% | 8.36% | +5.38 |
| NATL NCR Atleos Corp. | Add +22.3% | 14.56% | +4.68 |
| UNF Unifirst Corp. | New | 2.47% | +2.47 |
| LNWO Light & Wonder Inc. | Add +35.7% | 4.84% | +1.96 |
| PRKS United Parks & Resorts Inc. | Add +19.1% | 4.35% | +1.19 |
| NXST Nexstar Media Group Inc. | Add +1.2% | 6.85% | +0.56 |
| OFIX Orthofix Medical Inc. | Add +13.6% | 10.01% | −1.55 |
| MAGN Magnera Corp. | Add +5.3% | 6.33% | −1.78 |
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 |