Engle Capital Management, L.P. In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Engle Capital Management, L.P. reported 25 stock positions worth $331.6 million . Its top holding was Kyndryl (KD) at 8.7% of the portfolio, followed by Aercap (AER, 7.9% ) and GoDaddy Class A (GDDY, 7.4% ). Compared with Q1 2025, it opened 7 new positions, sold out of 4, added to 10 and reduced 8. The biggest buy was a new position in Qxo (QXO) and the biggest sale Allstate (ALL, shares −17% ).
Location GREENWICH, CT
CIK 0001684868
Portfolio Value $331.6M (Q2 2025) Holdings 25 stocks · $331.6M 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 Q1 2025 KD Kyndryl Holdings Inc. 688,000 $28.9M Add +5.8% AER Aercap Holdings NV 225,000 $26.3M Add +9.8% GDDY GoDaddy Inc. Class A 137,000 $24.7M Add +9.6% TLN Talen Energy Corp. 79,000 $23.0M Add +43.6% TBBB BBB Foods Inc. Class A 727,000 $20.2M Add +5.4% ACVA Acv Auctions Inc. Class A 1,190,000 $19.3M Reduce -15.0% QXO Qxo Inc. 850,000 $18.3M New MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC 405,600 $16.0M Add +350.0% ALL Allstate Corp. 74,400 $15.0M Reduce -17.3% ROAD Construction Partners Inc. Class A 135,000 $14.3M Reduce -1.5% KKR KKR & Co. Inc. 107,500 $14.3M Add +3.4% EYE National Vision Holdings Inc. 619,900 $14.3M New NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 987,000 $13.5M Add +18.9% CVNA Carvana Co. 33,800 $11.4M New SN Sharkninja Inc. 112,000 $11.1M Reduce -18.3% KNSL Kinsale Capital Group Inc. 20,200 $9.8M Add +12.8% APO Apollo Global Management Inc. 65,400 $9.3M Reduce -24.8% SKWD Skyward Specialty Insurance 133,105 $7.7M Reduce -31.4% PGR Progressive Corp. 28,100 $7.5M New NRG NRG Energy Inc. 38,600 $6.2M New CEG Constellation Energy 17,800 $5.7M New FLG Flagstar Bank NA 428,000 $4.5M Add +24.1% EQT Eqt Corp. 77,000 $4.5M Reduce -49.3% VST Vistra Corp. 20,200 $3.9M Reduce -76.8% ASIC Ategrity Specialty Holdings 91,000 $2.0M New
Portfolio Sells Q1 2025 → Q2 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 Q1 2025 % Of Portfolio Change To Portfolio ▲ ALL Allstate Corp. Reduce -17.3% 4.52% −3.24 ACVA Acv Auctions Inc. Class A Reduce -15.0% 5.82% −2.39 INGM Ingram Micro Holding Corp. Sold out 0.00% −2.29 APO Apollo Global Management Inc. Reduce -24.8% 2.80% −2.16 EQT Eqt Corp. Reduce -49.3% 1.35% −2.03 SKWD Skyward Specialty Insurance Reduce -31.4% 2.32% −1.95 CVLT Commvault Systems Inc. Sold out 0.00% −1.71 VST Vistra Corp. Reduce -76.8% 1.18% −1.43 SN Sharkninja Inc. Reduce -18.3% 3.34% −1.41 COF Capital One Financial Corp. Sold out 0.00% −1.19 HOOD Robinhood Markets Inc. Class A Sold out 0.00% −0.81 ROAD Construction Partners Inc. Class A Reduce -1.5% 4.33% +0.23
Portfolio Buys Q1 2025 → Q2 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 Q1 2025 % Of Portfolio Change To Portfolio ▼ QXO Qxo Inc. New 5.52% +5.52 EYE National Vision Holdings Inc. New 4.30% +4.30 MRX Marex UK Holdings Ltd. Add +350.0% 4.83% +3.50 CVNA Carvana Co. New 3.43% +3.43 TLN Talen Energy Corp. Add +43.6% 6.93% +2.36 PGR Progressive Corp. New 2.26% +2.26 NRG NRG Energy Inc. New 1.87% +1.87 CEG Constellation Energy New 1.73% +1.73 ASIC Ategrity Specialty Holdings New 0.59% +0.59 NU Nu Holdings Ltd./Cayman Isl-A Add +18.9% 4.08% +0.55 KD Kyndryl Holdings Inc. Add +5.8% 8.71% +0.21 FLG Flagstar Bank NA Add +24.1% 1.37% −0.30 KNSL Kinsale Capital Group Inc. Add +12.8% 2.95% −0.68 KKR KKR & Co. Inc. Add +3.4% 4.31% −0.69 AER Aercap Holdings NV Add +9.8% 7.94% −0.78 TBBB BBB Foods Inc. Class A Add +5.4% 6.09% −1.57 GDDY GoDaddy Inc. Class A Add +9.6% 7.44% −1.93
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US call Sold out 65,000 $36.4Mbefore exit
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