Engaged Capital LLC — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, Engaged Capital LLC increased allocation to 2 existing positions, trimmed 4 positions, and exited 1 position entirely. The fund's 13F equity book declined from $0.39B to $0.30B (-22.6% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $0.39BPrior quarter
- $0.30BCurrent quarter
- $-0.09BNet delta
- -22.6%% change
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| PORTILLOS INC | PTLO | +4.23% | +124.30% | History → |
| BLACKLINE INC | BL | +1.39% | +26.21% | History → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| COGNEX CORP | CGNX | -0.75% | -48.12% | History → |
| YETI HLDGS INC | YETI | -1.39% | -12.23% | History → |
| V F CORP | VFC | 1.73% | -11.83% | History → |
| GXO LOGISTICS INCORPORATED | GXO | 2.90% | -0.96% | History → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| FRESHPET INC | FRPT | 6.23% |
Methodology & FAQ
How Engaged Capital LLC Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for Engaged Capital LLC against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did Engaged Capital LLC initiate in Q1 2026?
Engaged Capital LLC established no new positions in Q1 2026.
Which existing positions saw the largest allocation increases for Engaged Capital LLC in Q1 2026?
The largest portfolio-weight increases in existing positions were: PORTILLOS INC (PTLO, +4.23% weight, +124.30% shares), BLACKLINE INC (BL, +1.39% weight, +26.21% shares).
Which positions did Engaged Capital LLC fully exit in Q1 2026?
Engaged Capital LLC fully exited 1 position in Q1 2026: FRESHPET INC (FRPT, last-reported weight 6.23%).
Which existing positions saw the largest allocation reductions for Engaged Capital LLC in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: COGNEX CORP (CGNX, -0.75% weight, -48.12% shares), YETI HLDGS INC (YETI, -1.39% weight, -12.23% shares), V F CORP (VFC, 1.73% weight, -11.83% shares), GXO LOGISTICS INCORPORATED (GXO, 2.90% weight, -0.96% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity.