Tensile Capital Management LP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Tensile Capital Management LP reported 22 stock positions worth $724.3 million. Its top holding was Dick's Sporting Goods (DKS) at 11.2% of the portfolio, followed by Tyler Technologies (TYL, 9.9%) and Lithia Motors (LAD, 8.9%). Compared with Q1 2026, it opened 1 new position, sold out of 4, added to 5 and reduced 13. The biggest buy was Tyler Technologies (TYL, shares +377%) and the biggest sale an exit from Clearwater Analytics HDS-A (CWAN).
- Most Recent 13F
- Q2 2026
- Location
- LARKSPUR, CA
- CIK
- 0001598843
- Portfolio Value
- $724.3M (Q2 2026)
- SEC Filing
- 0002080880-26-000021 ↗ filed Aug 14, 2026
Holdings Value
Holdings 22 stocks · $724.3M
| DKS Dick's Sporting Goods Inc. | 11.21% | 357,844 | $81.2M | No change |
| TYL Tyler Technologies Inc. | 9.89% | 245,043 | $71.7M | Add +377.0% |
| LAD Lithia Motors Inc. | 8.94% | 222,963 | $64.8M | No change |
| VVV Valvoline Inc. | 8.48% | 1,553,843 | $61.4M | Reduce -26.0% |
| COMP Compass Inc. Class A | 6.83% | 4,012,399 | $49.5M | Add +100.9% |
| USFD US Foods Holding Corp. | 6.30% | 446,042 | $45.6M | Reduce -17.6% |
| CTRI Centuri Holdings Inc. | 6.13% | 1,467,046 | $44.4M | Reduce -7.8% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 5.77% | 868,767 | $41.8M | Reduce -2.4% |
| BATRK Atlanta Braves Holdings in-C | 5.40% | 753,879 | $39.1M | No change |
| WBI Waterbridge Infrastruc Class A | 5.12% | 1,082,533 | $37.1M | Add +9.9% |
| CCK Crown Holdings Inc. | 4.63% | 300,165 | $33.6M | Reduce -31.0% |
| VERX Vertex Inc. Class A | 4.59% | 2,898,563 | $33.3M | Reduce -14.7% |
| EQIX Equinix Inc. | 3.51% | 24,392 | $25.4M | Reduce -7.6% |
| BL Blackline Inc. | 2.69% | 694,846 | $19.5M | Reduce -7.5% |
| UHAL.B U-Haul Holding Co.-Non Voting | 2.52% | 316,610 | $18.3M | Reduce -17.0% |
| SKY Champion Homes Inc. | 2.48% | 203,583 | $17.9M | Reduce -3.6% |
| NCNO Ncino Inc. | 2.39% | 1,056,592 | $17.3M | Add +5.1% |
| APPF Appfolio Inc. Class A | 1.62% | 73,000 | $11.7M | Add +37.7% |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 0.59% | 490,277 | $4.3M | Reduce -42.3% |
| VISN Vistance Networks Inc. | 0.56% | 315,453 | $4.0M | New |
| ALIT Alight Inc. Class A | 0.25% | 3,213,744 | $1.8M | Reduce -14.5% |
| FOXF Fox Factory Holding Corp. | 0.09% | 40,573 | $688K | Reduce -82.8% |
Portfolio Sells Q1 2026 → Q2 2026
| CWAN Clearwater Analytics HDS-A | Sold out | 0.00% | −2.98 |
| NE Noble Corp. PLC | Sold out | 0.00% | −2.81 |
| CVCO Cavco Industries Inc. | Sold out | 0.00% | −2.29 |
| VVV Valvoline Inc. | Reduce -26.0% | 8.48% | −1.64 |
| CCK Crown Holdings Inc. | Reduce -31.0% | 4.63% | −1.61 |
| BL Blackline Inc. | Reduce -7.5% | 2.69% | −1.28 |
| VERX Vertex Inc. Class A | Reduce -14.7% | 4.59% | −1.19 |
| CLBT Cellebrite Di Ltd. | Sold out | 0.00% | −1.04 |
| USFD US Foods Holding Corp. | Reduce -17.6% | 6.30% | −0.85 |
| HOS Hornbeck Offshore Services I | Reduce -42.3% | 0.59% | −0.61 |
| CTRI Centuri Holdings Inc. | Reduce -7.8% | 6.13% | −0.53 |
| FOXF Fox Factory Holding Corp. | Reduce -82.8% | 0.09% | −0.46 |
| QTWO Q2 Holdings Inc. | Reduce -2.4% | 5.77% | −0.26 |
| EQIX Equinix Inc. | Reduce -7.6% | 3.51% | −0.19 |
| ALIT Alight Inc. Class A | Reduce -14.5% | 0.25% | −0.07 |
| UHAL.B U-Haul Holding Co.-Non Voting | Reduce -17.0% | 2.52% | +0.08 |
| SKY Champion Homes Inc. | Reduce -3.6% | 2.48% | +0.23 |
Portfolio Buys Q1 2026 → Q2 2026
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 22 | $724.3M | DKS, TYL, LAD, VVV, COMP |
| Q1 2026 | 25 | $698.5M | DKS, VVV, LAD, USFD, CTRI |
| Q4 2025 | 24 | $772.0M | LAD, DKS, VERX, CCK, VVV |
| Q3 2025 | 22 | $800.4M | VERX, DKS, VVV, LAD, USFD |
| Q2 2025 | 21 | $828.5M | VERX, VVV, DKS, LAD, QTWO |
| Q1 2025 | 18 | $783.8M | VERX, DKS, LAD, QTWO, VVV |
| Q4 2024 | 17 | $962.5M | VERX, DKS, QTWO, LAD, VVV |
| Q3 2024 | 17 | $924.9M | VERX, DKS, LAD, VVV, QTWO |
| Q2 2024 | 20 | $906.9M | VERX, DKS, VVV, LAD, ALIT |
| Q1 2024 | 19 | $913.7M | VERX, DKS, VVV, LAD, ALIT |