Tensile Capital Management LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Tensile Capital Management LP reported 19 stock positions worth $913.7 million. Its top holding was Vertex Class A (VERX) at 16.5% of the portfolio, followed by Dick's Sporting Goods (DKS, 11.5%) and Valvoline (VVV, 9.3%). Compared with Q4 2023, it opened 1 new position, added to 6 and reduced 9. The biggest buy was Alight Class A (ALIT, shares +7%) and the biggest sale Donnelley Financial Solution (DFIN, shares −54%).
- Most Recent 13F
- Q2 2026
- Location
- LARKSPUR, CA
- CIK
- 0001598843
- Portfolio Value
- $913.7M (Q1 2024)
- SEC Filing
- 0001214659-24-009330 ↗ filed May 15, 2024
Holdings Value
Holdings 19 stocks · $913.7M
| VERX Vertex Inc. Class A | 16.55% | 4,760,550 | $151.2M | Reduce -6.9% |
| DKS Dick's Sporting Goods Inc. | 11.49% | 466,844 | $105.0M | Reduce -12.5% |
| VVV Valvoline Inc. | 9.28% | 1,902,060 | $84.8M | Reduce -12.4% |
| LAD Lithia Motors Inc. | 7.70% | 233,975 | $70.4M | Add +12.0% |
| ALIT Alight Inc. Class A | 7.42% | 6,878,666 | $67.8M | Add +7.1% |
| CCK Crown Holdings Inc. | 6.49% | 748,074 | $59.3M | Add +12.0% |
| ASO Academy Sports & Outdoors Inc. | 6.34% | 857,039 | $57.9M | Reduce -7.3% |
| USFD US Foods Holding Corp. | 5.65% | 956,314 | $51.6M | Reduce -9.5% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 5.37% | 932,767 | $49.0M | Reduce -5.8% |
| SMAR Smartsheet Inc. Class A | 5.10% | 1,209,516 | $46.6M | Add +7.6% |
| NCNO Ncino Inc. | 4.24% | 1,036,044 | $38.7M | Add +15.2% |
| BATRK Atlanta Braves Holdings in-C | 4.18% | 978,907 | $38.2M | Add +0.7% |
| EQIX Equinix Inc. | 2.88% | 31,892 | $26.3M | No change |
| BL Blackline Inc. | 2.37% | 334,729 | $21.6M | No change |
| EVBG Everbridge Inc. | 1.99% | 522,161 | $18.2M | Reduce -14.9% |
| DFIN Donnelley Financial Solution | 1.09% | 161,209 | $10.0M | Reduce -54.1% |
| CNH CNH Industrial NV | 0.83% | 584,432 | $7.6M | Reduce -37.5% |
| WK Workiva Inc. | 0.74% | 80,000 | $6.8M | New |
| PRO Pros Holdings Inc. | 0.31% | 76,834 | $2.8M | No change |
Portfolio Sells Q4 2023 → Q1 2024
| DFIN Donnelley Financial Solution | Reduce -54.1% | 1.09% | −1.47 |
| ASO Academy Sports & Outdoors Inc. | Reduce -7.3% | 6.34% | −0.80 |
| CNH CNH Industrial NV | Reduce -37.5% | 0.83% | −0.50 |
| VVV Valvoline Inc. | Reduce -12.4% | 9.28% | −0.27 |
| USFD US Foods Holding Corp. | Reduce -9.5% | 5.65% | +0.04 |
| EVBG Everbridge Inc. | Reduce -14.9% | 1.99% | +0.25 |
| QTWO Q2 Holdings Inc. | Reduce -5.8% | 5.37% | +0.34 |
| VERX Vertex Inc. Class A | Reduce -6.9% | 16.55% | +0.43 |
| DKS Dick's Sporting Goods Inc. | Reduce -12.5% | 11.49% | +2.32 |
Portfolio Buys Q4 2023 → Q1 2024
| ALIT Alight Inc. Class A | Add +7.1% | 7.42% | +1.01 |
| WK Workiva Inc. | New | 0.74% | +0.74 |
| NCNO Ncino Inc. | Add +15.2% | 4.24% | +0.70 |
| BATRK Atlanta Braves Holdings in-C | Add +0.7% | 4.18% | −0.32 |
| LAD Lithia Motors Inc. | Add +12.0% | 7.70% | −0.34 |
| CCK Crown Holdings Inc. | Add +12.0% | 6.49% | −0.71 |
| SMAR Smartsheet Inc. Class A | Add +7.6% | 5.10% | −1.19 |
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 |