Tensile Capital Management LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Tensile Capital Management LP reported 17 stock positions worth $962.5 million. Its top holding was Vertex Class A (VERX) at 20.9% of the portfolio, followed by Dick's Sporting Goods (DKS, 10.1%) and Q2 (QTWO, 9.1%). Compared with Q3 2024, it added to 2 and reduced 10. The biggest buy was Blackline (BL, shares +17%) and the biggest sale Alight Class A (ALIT, shares −18%).
- Most Recent 13F
- Q2 2026
- Location
- LARKSPUR, CA
- CIK
- 0001598843
- Portfolio Value
- $962.5M (Q4 2024)
- SEC Filing
- 0001214659-25-002863 ↗ filed Feb 14, 2025
Holdings Value
Holdings 17 stocks · $962.5M
| VERX Vertex Inc. Class A | 20.89% | 3,769,550 | $201.1M | Reduce -7.0% |
| DKS Dick's Sporting Goods Inc. | 10.15% | 426,844 | $97.7M | No change |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 9.07% | 867,767 | $87.3M | Reduce -7.0% |
| LAD Lithia Motors Inc. | 8.75% | 235,527 | $84.2M | Reduce -9.9% |
| VVV Valvoline Inc. | 6.92% | 1,840,179 | $66.6M | Reduce -1.9% |
| USFD US Foods Holding Corp. | 5.93% | 846,314 | $57.1M | Reduce -9.1% |
| CCK Crown Holdings Inc. | 5.28% | 615,074 | $50.9M | No change |
| NCNO Ncino Inc. | 4.98% | 1,428,734 | $48.0M | Add +12.6% |
| ALIT Alight Inc. Class A | 4.73% | 6,573,322 | $45.5M | Reduce -18.1% |
| BL Blackline Inc. | 4.68% | 740,997 | $45.0M | Add +16.5% |
| BATRK Atlanta Braves Holdings in-C | 3.89% | 978,907 | $37.5M | No change |
| SMAR Smartsheet Inc. Class A | 3.84% | 659,816 | $37.0M | Reduce -25.0% |
| ASO Academy Sports & Outdoors Inc. | 3.15% | 527,039 | $30.3M | Reduce -11.7% |
| WK Workiva Inc. | 2.71% | 238,321 | $26.1M | Reduce -21.8% |
| EQIX Equinix Inc. | 2.54% | 25,892 | $24.4M | No change |
| PRO Pros Holdings Inc. | 2.29% | 1,005,613 | $22.1M | Reduce -13.4% |
| RUSHA Rush Enterprises Inc. Class A | 0.20% | 34,354 | $1.9M | No change |
Portfolio Sells Q3 2024 → Q4 2024
| ALIT Alight Inc. Class A | Reduce -18.1% | 4.73% | −1.70 |
| VVV Valvoline Inc. | Reduce -1.9% | 6.92% | −1.57 |
| SMAR Smartsheet Inc. Class A | Reduce -25.0% | 3.84% | −1.43 |
| ASO Academy Sports & Outdoors Inc. | Reduce -11.7% | 3.15% | −0.62 |
| USFD US Foods Holding Corp. | Reduce -9.1% | 5.93% | −0.26 |
| LAD Lithia Motors Inc. | Reduce -9.9% | 8.75% | −0.24 |
| PRO Pros Holdings Inc. | Reduce -13.4% | 2.29% | −0.03 |
| WK Workiva Inc. | Reduce -21.8% | 2.71% | +0.11 |
| QTWO Q2 Holdings Inc. | Reduce -7.0% | 9.07% | +1.03 |
| VERX Vertex Inc. Class A | Reduce -7.0% | 20.89% | +4.01 |
Portfolio Buys Q3 2024 → Q4 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 |