Engle Capital Management, L.P. In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Engle Capital Management, L.P. reported 22 stock positions worth $240.3 million . Its top holding was GoDaddy Class A (GDDY) at 9.4% of the portfolio, followed by Aercap (AER, 8.7% ) and Kyndryl (KD, 8.5% ). Compared with Q4 2024, it opened 5 new positions, sold out of 7, added to 9 and reduced 7. The biggest buy was Allstate (ALL, shares +62% ) and the biggest sale an exit from Workiva (WK).
Location GREENWICH, CT
CIK 0001684868
Portfolio Value $240.3M (Q1 2025) Holdings 22 stocks · $240.3M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 GDDY GoDaddy Inc. Class A 125,000 $22.5M No change AER Aercap Holdings NV 205,000 $20.9M Add +10.8% KD Kyndryl Holdings Inc. 650,000 $20.4M Reduce -33.0% ACVA Acv Auctions Inc. Class A 1,400,000 $19.7M Add +52.2% ALL Allstate Corp. 90,000 $18.6M Add +61.6% TBBB BBB Foods Inc. Class A 690,000 $18.4M Add +15.0% KKR KKR & Co. Inc. 104,000 $12.0M Add +141.9% APO Apollo Global Management Inc. 87,000 $11.9M Add +107.1% SN Sharkninja Inc. 137,000 $11.4M Reduce -41.2% TLN Talen Energy Corp. 55,000 $11.0M Reduce -65.6% SKWD Skyward Specialty Insurance 194,000 $10.3M Reduce -24.8% ROAD Construction Partners Inc. Class A 137,000 $9.8M Reduce -9.9% KNSL Kinsale Capital Group Inc. 17,900 $8.7M Add +62.7% NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 830,000 $8.5M Add +315.0% EQT Eqt Corp. 152,000 $8.1M New VST Vistra Corp. 87,000 $6.3M Add +31.0% INGM Ingram Micro Holding Corp. 310,000 $5.5M New CVLT Commvault Systems Inc. 26,000 $4.1M New FLG Flagstar Bank NA 345,000 $4.0M New MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC 90,140 $3.2M New COF Capital One Financial Corp. 16,000 $2.9M Reduce -68.3% HOOD Robinhood Markets Inc. Class A 47,000 $2.0M Reduce -70.4%
Options reported separately and not counted above: SPY calls ($36.4M).
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ WK Workiva Inc. Sold out 0.00% −6.09 FISV Fiserv Inc. Sold out 0.00% −5.90 FTAI Ftai Aviation Ltd. Sold out 0.00% −5.17 TLN Talen Energy Corp. Reduce -65.6% 4.57% −5.08 ARLO Arlo Technologies Inc. Sold out 0.00% −4.04 NVT Nvent Electric PLC Sold out 0.00% −2.55 SN Sharkninja Inc. Reduce -41.2% 4.75% −2.03 KD Kyndryl Holdings Inc. Reduce -33.0% 8.49% −1.55 COF Capital One Financial Corp. Reduce -68.3% 1.19% −1.50 HOOD Robinhood Markets Inc. Class A Reduce -70.4% 0.81% −0.96 NBIS Nebius Group NV Sold out 0.00% −0.87 PTON Peloton Interactive Inc. Class A Sold out 0.00% −0.73 ROAD Construction Partners Inc. Class A Reduce -9.9% 4.10% +0.07 SKWD Skyward Specialty Insurance Reduce -24.8% 4.27% +0.37
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ ALL Allstate Corp. Add +61.6% 7.75% +4.54 AER Aercap Holdings NV Add +10.8% 8.71% +3.42 EQT Eqt Corp. New 3.38% +3.38 KKR KKR & Co. Inc. Add +141.9% 5.00% +3.10 NU Nu Holdings Ltd./Cayman Isl-A Add +315.0% 3.54% +2.92 APO Apollo Global Management Inc. Add +107.1% 4.96% +2.88 TBBB BBB Foods Inc. Class A Add +15.0% 7.66% +2.58 INGM Ingram Micro Holding Corp. New 2.29% +2.29 ACVA Acv Auctions Inc. Class A Add +52.2% 8.21% +2.26 KNSL Kinsale Capital Group Inc. Add +62.7% 3.63% +2.09 CVLT Commvault Systems Inc. New 1.71% +1.71 FLG Flagstar Bank NA New 1.67% +1.67 MRX Marex UK Holdings Ltd. New 1.32% +1.32 VST Vistra Corp. Add +31.0% 2.61% −0.13
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US call New 65,000 $36.4M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 20 $364.1M WULF, CDNL, ROAD, TBBB, LGN Q1 2026 22 $293.5M WULF, LGN, TBBB, ROAD, AER Q4 2025 27 $259.1M TLN, TBBB, LGN, ROAD, VST Q3 2025 23 $283.5M TLN, TBBB, QXO, VST, CVNA Q2 2025 25 $331.6M KD, AER, GDDY, TLN, TBBB Q1 2025 22 $240.3M GDDY, AER, KD, ACVA, ALL Q4 2024 24 $334.2M KD, TLN, GDDY, SN, WK Q3 2024 20 $340.1M TLN, SN, ACVA, FISV, TBBB Q2 2024 21 $295.8M SN, NVT, ACVA, KKR, NU Q1 2024 28 $358.7M SN, ACVA, VRT, NVT, TBBB