Engaged Capital is an investment fund managing more than $683 billion ran by Glenn Welling. There are currently 9 companies in Mr. Welling’s portfolio. The largest investments include Evolent Health Inc and Shake Shack Inc, together worth $209 billion.
As of 7th February 2024, Engaged Capital’s top holding is 3,261,458 shares of Evolent Health Inc currently worth over $108 billion and making up 15.8% of the portfolio value.
Relative to the number of outstanding shares of Evolent Health Inc, Engaged Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 1,367,231 shares of Shake Shack Inc worth $101 billion, whose value grew 1.0% in the past six months.
The third-largest holding is V F Corp worth $100 billion and the next is Ncr Voyix Corporation worth $84.9 billion, with 5,018,513 shares owned.
Currently, Engaged Capital's portfolio is worth at least $683 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Engaged Capital office and employees reside in Newport Beach, California. According to the last 13-F report filed with the SEC, Glenn Welling serves as the Founder and Chief Investment Officer at Engaged Capital.
In the most recent 13F filing, Engaged Capital revealed that it had opened a new position in
V F Corp and bought 5,341,368 shares worth $100 billion.
The investment fund also strengthened its position in Evolent Health Inc by buying
1,048,004 additional shares.
This makes their stake in Evolent Health Inc total 3,261,458 shares worth $108 billion.
Evolent Health Inc dropped 7.9% in the past year.
On the other hand, there are companies that Engaged Capital is getting rid of from its portfolio.
Engaged Capital closed its position in New Relic Inc on 14th February 2024.
It sold the previously owned 1,999,703 shares for $151 billion.
Glenn Welling also disclosed a decreased stake in Shake Shack Inc by 0.2%.
This leaves the value of the investment at $101 billion and 1,367,231 shares.
The two most similar investment funds to Engaged Capital are Red Cedar Investment Management and Rockwood Wealth Management. They manage $683 billion and $683 billion respectively.
Engaged Capital’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Health Care — making up 22.6% of
the total portfolio value.
The fund focuses on investments in the United States as
66.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
approximately 0.1% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $1.53 billion.
These positions were updated on February 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| New Relic Inc |
Closed
1,999,703
|
$150,557,639,000 | |
| Evolent Health Inc |
47.35%
3,261,458
|
$107,725,958,000 | 15.78% |
| Shake Shack Inc |
20.41%
1,367,231
|
$101,339,162,000 | 14.84% |
| V F Corp |
Opened
5,341,368
|
$100,417,718,000 | 14.71% |
| Ncr Voyix Corporation |
4.45%
5,018,513
|
$84,863,055,000 | 12.43% |
| Upbound Group Inc |
37.87%
2,396,916
|
$81,423,237,000 | 11.93% |
| Ncr Atleos Corporation |
Opened
2,509,256
|
$60,949,828,000 | 8.93% |
| PRA Group Inc |
Opened
2,010,750
|
$52,681,650,000 | 7.72% |
| Nevro Corp |
Opened
2,168,163
|
$46,658,868,000 | 6.83% |
| BRC Inc. |
3.75%
12,851,018
|
$46,649,195,000 | 6.83% |
| Sunopta, Inc. |
Closed
5,915,435
|
$45,548,849,000 | |
| Quotient Technology Inc |
Closed
8,107,150
|
$26,591,452,000 | |
| Freshpet Inc |
Closed
306,716
|
$20,301,532,000 | |
| Ishares Tr |
Closed
29,800
|
$5,316,320,000 | |
| No transactions found | |||
| Showing first 500 out of 14 holdings | |||