Engine No. 1 LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Engine No. 1 LLC reported 6 stock positions worth $50.5 million. Its top holding was Vertiv Class A (VRT) at 26.2% of the portfolio, followed by Powell Industries (POWL, 26.1%) and First Solar (FSLR, 15.7%). Compared with Q2 2024, it opened 1 new position, sold out of 6, added to 1 and reduced 4. The biggest buy was First Solar (FSLR, shares +163%) and the biggest sale an exit from Applied Materials (AMAT).
- Most Recent 13F
- Q3 2025
- Location
- San Francisco, CA
- CIK
- 0001835549
- Portfolio Value
- $50.5M (Q3 2024)
- SEC Filing
- 0001420506-24-002430 ↗ filed Nov 14, 2024
Holdings Value
Holdings 6 stocks · $50.5M
| VRT Vertiv Holdings Co. Class A | 26.19% | 133,000 | $13.2M | Reduce -36.5% |
| POWL Powell Industries Inc. | 26.15% | 59,500 | $13.2M | Reduce -3.0% |
| FSLR First Solar Inc. | 15.70% | 31,800 | $7.9M | Add +162.8% |
| HUBB Hubbell Inc. | 13.20% | 15,563 | $6.7M | Reduce -39.8% |
| XOM Exxon Mobil Corp. | 10.75% | 46,333 | $5.4M | Reduce -37.3% |
| COHR Coherent Corp. | 8.01% | 45,500 | $4.0M | New |
Portfolio Sells Q2 2024 → Q3 2024
| AMAT Applied Materials Inc. | Sold out | 0.00% | −12.69 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −10.99 |
| FLNC Fluence Energy Inc. | Sold out | 0.00% | −9.01 |
| VST Vistra Corp. | Sold out | 0.00% | −6.86 |
| NRG NRG Energy Inc. | Sold out | 0.00% | −5.96 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −4.55 |
| XOM Exxon Mobil Corp. | Reduce -37.3% | 10.75% | +1.83 |
| HUBB Hubbell Inc. | Reduce -39.8% | 13.20% | +3.28 |
| VRT Vertiv Holdings Co. Class A | Reduce -36.5% | 26.19% | +7.18 |
| POWL Powell Industries Inc. | Reduce -3.0% | 26.15% | +16.91 |
Portfolio Buys Q2 2024 → Q3 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 6 | $88.6M | POWL, VRT, FSLR, HRI, GLD |
| Q2 2025 | 4 | $55.1M | POWL, VRT, ETN, HUBB |
| Q1 2025 | 4 | $78.3M | INTC, POWL, AR, ETN |
| Q4 2024 | 5 | $37.6M | POWL, BKR, HUBB, FLS, CENX |
| Q3 2024 | 6 | $50.5M | VRT, POWL, FSLR, HUBB, XOM |
| Q2 2024 | 11 | $95.3M | VRT, AMAT, ASML, HUBB, POWL |
| Q1 2024 | 10 | $84.5M | VRT, HUBB, AMAT, XOM, MSFT |