13F filing recap · Q3 2024

What did Engaged Capital buy in Q3 2024?

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

Stock value

$616.54M

Positions

Estimated turnover

41.1%

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.

Quarter in review

Engaged Capital opened a new position in Blackline and exited Envestnet, Shake Shack, Smartsheet, and Upbound Group. The firm also trimmed Evolent Health slightly, while adding to Ncr Voyix, Ncr Atleos, Nevro, and Brc. Its most notable increase was in Portillo's, which it added to dramatically.

New positions

BLBlackline, Inc.$33.62Mreported value+609.7K shares

Increased positions

VYXNcr Voyix Corporation$97.31Mreported value+885.0K shares+14.1%NATLNcr Atleos Corporation$85.82Mreported value+499.0K shares+19.9%PTLOPortillo'S Inc.$82.37Mreported value+3.35M shares+121.5%BRCCBrc Inc.$46.29Mreported value+684.5K shares

Reduced positions

EVHEvolent Health, Inc.$112.82Mreported value-122.0K shares-3.0%

Exited positions

ENVEnvestnet, Inc.$43.34Mprior reported value-692.5K shares-100.0%UPBDUpbound Group, Inc$35.83Mprior reported value-1.17M shares-100.0%SMARSmartsheet Inc.$29.60Mprior reported value-671.5K shares-100.0%SHAKShake Shack Inc.$24.02Mprior reported value-266.9K shares