Engine No. 1 LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Engine No. 1 LLC reported 4 stock positions worth $78.3 million. Its top holding was Intel (INTC) at 70.1% of the portfolio, followed by Powell Industries (POWL, 15.7%) and Antero Resources (AR, 7.1%). Compared with Q4 2024, it opened 3 new positions, sold out of 4 and added to 1. The biggest buy was a new position in Intel (INTC) and the biggest sale an exit from Baker Hughes (BKR).

Most Recent 13F
Q3 2025
Location
San Francisco, CA
CIK
0001835549
Portfolio Value
$78.3M (Q1 2025)
SEC Filing
0001420506-25-001179 ↗ filed May 15, 2025

Holdings Value

0$20.0M$40.0M$60.0M$80.0M$100.0M Q1 2024: $84.5M Q1 2024 Q2 2024: $95.3M Q2 2024 Q3 2024: $50.5M Q3 2024 Q4 2024: $37.6M Q4 2024 Q1 2025: $78.3M $78.3M Q1 2025 Q2 2025: $55.1M Q2 2025 Q3 2025: $88.6M Q3 2025

Holdings 4 stocks · $78.3M
INTC Intel Corp. 70.15% 2,420,000 $55.0M New
POWL Powell Industries Inc. 15.65% 72,000 $12.3M Add +46.0%
AR Antero Resources Corp. 7.12% 138,000 $5.6M New
ETN Eaton Corp. PLC 7.08% 20,400 $5.5M New

Portfolio Sells Q4 2024 → Q1 2025
BKR Baker Hughes Co. Sold out 0.00% −22.70
HUBB Hubbell Inc. Sold out 0.00% −22.03
FLS Flowserve Corp. Sold out 0.00% −19.59
CENX Century Aluminum Company Sold out 0.00% −6.59

Portfolio Buys Q4 2024 → Q1 2025
INTC Intel Corp. New 70.15% +70.15
AR Antero Resources Corp. New 7.12% +7.12
ETN Eaton Corp. PLC New 7.08% +7.08
POWL Powell Industries Inc. Add +46.0% 15.65% −13.43

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 6$88.6MPOWL, VRT, FSLR, HRI, GLD
Q2 2025 4$55.1MPOWL, VRT, ETN, HUBB
Q1 2025 4$78.3MINTC, POWL, AR, ETN
Q4 2024 5$37.6MPOWL, BKR, HUBB, FLS, CENX
Q3 2024 6$50.5MVRT, POWL, FSLR, HUBB, XOM
Q2 2024 11$95.3MVRT, AMAT, ASML, HUBB, POWL
Q1 2024 10$84.5MVRT, HUBB, AMAT, XOM, MSFT