13F filing recap · Q1 2023

What did Engaged Capital buy in Q1 2023?

Reported stock-position changes between this filing and the previous one.

Stock value

$702.56M

Positions

Estimated turnover

41.0%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

SHAKShake Shack Inc.$95.33Mreported value+1.72M shares FRPTFreshpet, Inc.$20.30Mreported value+306.7K shares

Increased positions

UPBDUpbound Group, Inc$94.56Mreported value+253.7K shares+7.0%STKLSunopta Inc$45.55Mreported value+4.84M shares+452.5%IWMiShares Trust$5.32Mreported value+11.0K shares+58.5%

Reduced positions

NEWRNew Relic Inc$150.56Mreported value-608.1K shares-23.3%EVHEvolent Health, Inc.$71.83Mreported value-572.6K shares-20.6%

Exited positions

BRBRBellring Brands, Inc.$40.03Mprior reported value-1.56M shares-100.0%