Engle Capital Management, L.P.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Engle Capital Management, L.P. reported 22 stock positions worth $293.5 million. Its top holding was Terawulf (WULF) at 14.5% of the portfolio, followed by Legence Class A (LGN, 9.8%) and BBB Foods Class A (TBBB, 8.6%). Compared with Q4 2025, it opened 4 new positions, sold out of 9, added to 12 and reduced 6. The biggest buy was Terawulf (WULF, shares +574%) and the biggest sale an exit from Vistra (VST).
- Most Recent 13F
- Q2 2026
- Location
- GREENWICH, CT
- CIK
- 0001684868
- Portfolio Value
- $293.5M (Q1 2026)
- SEC Filing
- 0001385642-26-000003 ↗ filed May 15, 2026
Holdings Value
Holdings 22 stocks · $293.5M
| WULF Terawulf Inc. | 14.50% | 2,950,100 | $42.6M | Add +574.3% |
| LGN Legence Corp. Class A | 9.82% | 510,700 | $28.8M | Reduce -8.6% |
| TBBB BBB Foods Inc. Class A | 8.62% | 715,000 | $25.3M | Reduce -4.7% |
| ROAD Construction Partners Inc. Class A | 7.76% | 205,000 | $22.8M | Add +10.8% |
| AER Aercap Holdings NV | 7.67% | 164,000 | $22.5M | Add +36.7% |
| TLN Talen Energy Corp. | 6.80% | 62,502 | $20.0M | Reduce -18.8% |
| FLS Flowserve Corp. | 6.26% | 250,000 | $18.4M | Add +346.4% |
| CDNL Cardinal Infrastructure GR-A | 4.30% | 318,000 | $12.6M | Add +142.8% |
| FIX Comfort Systems USA Inc. | 3.95% | 8,400 | $11.6M | Add +12.0% |
| STEP Stepstone Group Inc. Class A | 3.86% | 237,216 | $11.3M | Add +82.5% |
| STRL Sterling Infrastructure Inc. | 3.68% | 26,500 | $10.8M | Add +156.5% |
| FPS Forgent Power Solutions Class A | 3.62% | 362,600 | $10.6M | New |
| CIFR Cipher Digital Inc. | 3.41% | 777,000 | $10.0M | Add +982.2% |
| MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC | 3.05% | 200,996 | $9.0M | Add +5.3% |
| GOOGL Alphabet Inc. Class A | 2.58% | 26,352 | $7.6M | Add +19.8% |
| HUT Hut 8 Corp. | 2.39% | 149,800 | $7.0M | New |
| FRMI Fermi Inc. | 2.02% | 1,015,000 | $5.9M | New |
| CVNA Carvana Co. | 1.29% | 12,000 | $3.8M | Add +100.0% |
| AMRZ Amrize Ltd. | 1.27% | 66,800 | $3.7M | New |
| META Meta Platforms Inc. Class A | 1.27% | 6,500 | $3.7M | Reduce -61.7% |
| CCJ Cameco Corp. | 1.14% | 30,833 | $3.4M | Reduce -33.3% |
| COMP Compass Inc. Class A | 0.75% | 300,000 | $2.2M | Reduce -71.8% |
Portfolio Sells Q4 2025 → Q1 2026
| VST Vistra Corp. | Sold out | 0.00% | −6.85 |
| CNP Centerpoint Energy Inc. | Sold out | 0.00% | −5.10 |
| TLN Talen Energy Corp. | Reduce -18.8% | 6.80% | −4.34 |
| COMP Compass Inc. Class A | Reduce -71.8% | 0.75% | −3.58 |
| META Meta Platforms Inc. Class A | Reduce -61.7% | 1.27% | −3.06 |
| PPL PPL Corp. | Sold out | 0.00% | −2.70 |
| QXO Qxo Inc. | Sold out | 0.00% | −2.66 |
| HLNE Hamilton Lane Inc. Class A | Sold out | 0.00% | −2.59 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −2.54 |
| C Citigroup Inc. | Sold out | 0.00% | −1.89 |
| BILL Bill Holdings Inc. | Sold out | 0.00% | −1.64 |
| TBBB BBB Foods Inc. Class A | Reduce -4.7% | 8.62% | −1.05 |
| APLD Applied Digital Corp. | Sold out | 0.00% | −0.57 |
| CCJ Cameco Corp. | Reduce -33.3% | 1.14% | −0.49 |
| LGN Legence Corp. Class A | Reduce -8.6% | 9.82% | +0.54 |
Portfolio Buys Q4 2025 → Q1 2026
| WULF Terawulf Inc. | Add +574.3% | 14.50% | +12.56 |
| FLS Flowserve Corp. | Add +346.4% | 6.26% | +4.76 |
| FPS Forgent Power Solutions Class A | New | 3.62% | +3.62 |
| CDNL Cardinal Infrastructure GR-A | Add +142.8% | 4.30% | +3.07 |
| CIFR Cipher Digital Inc. | Add +982.2% | 3.41% | +3.00 |
| STRL Sterling Infrastructure Inc. | Add +156.5% | 3.68% | +2.46 |
| HUT Hut 8 Corp. | New | 2.39% | +2.39 |
| FRMI Fermi Inc. | New | 2.02% | +2.02 |
| AMRZ Amrize Ltd. | New | 1.27% | +1.27 |
| FIX Comfort Systems USA Inc. | Add +12.0% | 3.95% | +1.25 |
| AER Aercap Holdings NV | Add +36.7% | 7.67% | +1.01 |
| STEP Stepstone Group Inc. Class A | Add +82.5% | 3.86% | +0.64 |
| CVNA Carvana Co. | Add +100.0% | 1.29% | +0.31 |
| MRX Marex UK Holdings Ltd. | Add +5.3% | 3.05% | +0.23 |
| ROAD Construction Partners Inc. Class A | Add +10.8% | 7.76% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +19.8% | 2.58% | −0.08 |
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 |