Tensile Capital Management LP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Tensile Capital Management LP reported 20 stock positions worth $906.9 million. Its top holding was Vertex Class A (VERX) at 18.4% of the portfolio, followed by Dick's Sporting Goods (DKS, 10.8%) and Valvoline (VVV, 9.2%). Compared with Q1 2024, it opened 1 new position, added to 8 and reduced 8. The biggest buy was Workiva (WK, shares +423%) and the biggest sale Academy Sports & Outdoors (ASO, shares −20%).
- Most Recent 13F
- Q2 2026
- Location
- LARKSPUR, CA
- CIK
- 0001598843
- Portfolio Value
- $906.9M (Q2 2024)
- SEC Filing
- 0001214659-24-014705 ↗ filed Aug 14, 2024
Holdings Value
Holdings 20 stocks · $906.9M
| VERX Vertex Inc. Class A | 18.42% | 4,633,550 | $167.0M | Reduce -2.7% |
| DKS Dick's Sporting Goods Inc. | 10.78% | 454,844 | $97.7M | Reduce -2.6% |
| VVV Valvoline Inc. | 9.21% | 1,933,451 | $83.5M | Add +1.6% |
| LAD Lithia Motors Inc. | 7.11% | 255,275 | $64.4M | Add +9.1% |
| ALIT Alight Inc. Class A | 6.53% | 8,028,666 | $59.3M | Add +16.7% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 6.21% | 932,767 | $56.3M | No change |
| CCK Crown Holdings Inc. | 5.81% | 708,074 | $52.7M | Reduce -5.3% |
| USFD US Foods Holding Corp. | 5.59% | 956,314 | $50.7M | No change |
| SMAR Smartsheet Inc. Class A | 5.18% | 1,066,176 | $47.0M | Reduce -11.8% |
| BATRK Atlanta Braves Holdings in-C | 4.26% | 978,907 | $38.6M | No change |
| BL Blackline Inc. | 4.15% | 775,897 | $37.6M | Add +131.8% |
| ASO Academy Sports & Outdoors Inc. | 4.00% | 682,039 | $36.3M | Reduce -20.4% |
| NCNO Ncino Inc. | 3.56% | 1,088,734 | $32.2M | Add +5.1% |
| WK Workiva Inc. | 3.37% | 418,321 | $30.5M | Add +422.9% |
| EQIX Equinix Inc. | 2.16% | 25,892 | $19.6M | Reduce -18.8% |
| CNH CNH Industrial NV | 1.02% | 911,029 | $9.2M | Add +55.9% |
| PRO Pros Holdings Inc. | 0.78% | 245,311 | $7.0M | Add +219.3% |
| EVBG Everbridge Inc. | 0.77% | 200,000 | $7.0M | Reduce -61.7% |
| DRVN Driven Brands Holdings Inc. | 0.63% | 450,000 | $5.7M | New |
| DFIN Donnelley Financial Solution | 0.49% | 74,109 | $4.4M | Reduce -54.0% |
Portfolio Sells Q1 2024 → Q2 2024
| ASO Academy Sports & Outdoors Inc. | Reduce -20.4% | 4.00% | −2.33 |
| EVBG Everbridge Inc. | Reduce -61.7% | 0.77% | −1.22 |
| EQIX Equinix Inc. | Reduce -18.8% | 2.16% | −0.72 |
| DKS Dick's Sporting Goods Inc. | Reduce -2.6% | 10.78% | −0.71 |
| CCK Crown Holdings Inc. | Reduce -5.3% | 5.81% | −0.68 |
| DFIN Donnelley Financial Solution | Reduce -54.0% | 0.49% | −0.61 |
| SMAR Smartsheet Inc. Class A | Reduce -11.8% | 5.18% | +0.09 |
| VERX Vertex Inc. Class A | Reduce -2.7% | 18.42% | +1.87 |
Portfolio Buys Q1 2024 → Q2 2024
| WK Workiva Inc. | Add +422.9% | 3.37% | +2.62 |
| BL Blackline Inc. | Add +131.8% | 4.15% | +1.78 |
| DRVN Driven Brands Holdings Inc. | New | 0.63% | +0.63 |
| PRO Pros Holdings Inc. | Add +219.3% | 0.78% | +0.47 |
| CNH CNH Industrial NV | Add +55.9% | 1.02% | +0.19 |
| VVV Valvoline Inc. | Add +1.6% | 9.21% | −0.07 |
| LAD Lithia Motors Inc. | Add +9.1% | 7.11% | −0.60 |
| NCNO Ncino Inc. | Add +5.1% | 3.56% | −0.68 |
| ALIT Alight Inc. Class A | Add +16.7% | 6.53% | −0.88 |
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 |