Tensile Capital Management LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Tensile Capital Management LP reported 17 stock positions worth $924.9 million. Its top holding was Vertex Class A (VERX) at 16.9% of the portfolio, followed by Dick's Sporting Goods (DKS, 9.6%) and Lithia Motors (LAD, 9.0%). Compared with Q2 2024, it opened 1 new position, sold out of 4, added to 3 and reduced 9. The biggest buy was Lithia Motors (LAD, shares +2%) and the biggest sale Vertex Class A (VERX, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- LARKSPUR, CA
- CIK
- 0001598843
- Portfolio Value
- $924.9M (Q3 2024)
- SEC Filing
- 0001214659-24-019175 ↗ filed Nov 14, 2024
Holdings Value
Holdings 17 stocks · $924.9M
| VERX Vertex Inc. Class A | 16.88% | 4,053,550 | $156.1M | Reduce -12.5% |
| DKS Dick's Sporting Goods Inc. | 9.63% | 426,844 | $89.1M | Reduce -6.2% |
| LAD Lithia Motors Inc. | 8.98% | 261,527 | $83.1M | Add +2.5% |
| VVV Valvoline Inc. | 8.49% | 1,875,179 | $78.5M | Reduce -3.0% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 8.05% | 932,767 | $74.4M | No change |
| ALIT Alight Inc. Class A | 6.42% | 8,028,666 | $59.4M | No change |
| CCK Crown Holdings Inc. | 6.38% | 615,074 | $59.0M | Reduce -13.1% |
| USFD US Foods Holding Corp. | 6.19% | 931,314 | $57.3M | Reduce -2.6% |
| SMAR Smartsheet Inc. Class A | 5.27% | 879,816 | $48.7M | Reduce -17.5% |
| NCNO Ncino Inc. | 4.33% | 1,268,734 | $40.1M | Add +16.5% |
| BATRK Atlanta Braves Holdings in-C | 4.21% | 978,907 | $39.0M | No change |
| BL Blackline Inc. | 3.79% | 635,997 | $35.1M | Reduce -18.0% |
| ASO Academy Sports & Outdoors Inc. | 3.77% | 597,039 | $34.8M | Reduce -12.5% |
| WK Workiva Inc. | 2.61% | 304,605 | $24.1M | Reduce -27.2% |
| EQIX Equinix Inc. | 2.48% | 25,892 | $23.0M | No change |
| PRO Pros Holdings Inc. | 2.33% | 1,161,301 | $21.5M | Add +373.4% |
| RUSHA Rush Enterprises Inc. Class A | 0.20% | 34,354 | $1.8M | New |
Portfolio Sells Q2 2024 → Q3 2024
| VERX Vertex Inc. Class A | Reduce -12.5% | 16.88% | −1.54 |
| DKS Dick's Sporting Goods Inc. | Reduce -6.2% | 9.63% | −1.14 |
| CNH CNH Industrial NV | Sold out | 0.00% | −1.02 |
| EVBG Everbridge Inc. | Sold out | 0.00% | −0.77 |
| WK Workiva Inc. | Reduce -27.2% | 2.61% | −0.76 |
| VVV Valvoline Inc. | Reduce -3.0% | 8.49% | −0.72 |
| DRVN Driven Brands Holdings Inc. | Sold out | 0.00% | −0.63 |
| DFIN Donnelley Financial Solution | Sold out | 0.00% | −0.49 |
| BL Blackline Inc. | Reduce -18.0% | 3.79% | −0.35 |
| ASO Academy Sports & Outdoors Inc. | Reduce -12.5% | 3.77% | −0.24 |
| SMAR Smartsheet Inc. Class A | Reduce -17.5% | 5.27% | +0.08 |
| CCK Crown Holdings Inc. | Reduce -13.1% | 6.38% | +0.57 |
| USFD US Foods Holding Corp. | Reduce -2.6% | 6.19% | +0.61 |
Portfolio Buys Q2 2024 → Q3 2024
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 |