13F filing recap · Q1 2026

What did Engaged Capital buy in Q1 2026?

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

Stock value

$303.41M

Positions

Estimated turnover

25.1%

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 exited Freshpet entirely and trimmed V. F. Corporation, Yeti Holdings, and Cognex Corporation, with the Cognex reduction standing out as substantial. The firm added to Blackline and sharply increased its Portillo’s stake. Gxo Logistics was also slightly reduced.

Increased positions

BLBlackline, Inc.$50.60Mreported value+284.0K shares+26.2%PTLOPortillo'S Inc.$18.21Mreported value+1.91M shares+124.3%

Reduced positions

VFCV. F. Corporation$79.50Mreported value-627.6K shares-11.8%YETIYeti Holdings, Inc.$65.28Mreported value-248.6K shares-12.2%GXOGxo Logistics, Inc.$42.61Mreported value-8.0K shares-1.0%CGNXCognex Corporation$23.71Mreported value-449.0K shares

Exited positions

FRPTFreshpet, Inc.$24.44Mprior reported value-401.1K shares-100.0%