Engine Capital Management, LP 13F: Quarter-over-Quarter Portfolio Changes
Engine Capital Management, LP reported a disclosed portfolio value of approximately $828.4 million in its latest SEC Form 13F-HR filing for Q1 2026, up 14.4% quarter on quarter. Over the quarter, the fund initiated 3 new positions, bought more shares in 8 holdings, trimmed 4 holdings, and exited 5 positions.
Engine Capital Management, LP's top buy was a new stake in Dnow INC (dnow) (DNOW) , equal to 7.4% of the disclosed portfolio. Its top sell was Unifirst CORP Mass (UNF) . The fund sold 83.9% of its previously reported shares, reducing the position's portfolio weight by 10.0 percentage points.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| DNOW INC (DNOW) | DNOW | 7.4% | History → |
| WEAVE COMMUNICATIONS INC | WEAV | 0.6% | Holders → |
| BIOVENTUS INC | BVS | 0.3% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| BRINKS CO | BCO | +6.2% | +1237.6% | History → |
| KBR INC | KBR | +6.1% | +1129.3% | History → |
| COMPASS MINERALS INTL INC | CMP | +3.0% | +275.4% | History → |
| FOX FACTORY HOLDING CORP | FOXF | +2.2% | +162.3% | Holders → |
| FIVERR INTL LTD | FVRR | +-0.4% | +78.4% | Holders → |
| AVANTOR INC (AVTR) | AVTR | +-0.2% | +65.8% | History → |
| UNITED PARKS & RESORTS INC | PRKS | +-0.2% | +20.8% | History → |
| ORTHOFIX MED INC | OFIX | +-2.8% | +3.2% | History → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| UNIFIRST CORP MASS | UNF | -10.0% | 83.9% | Holders → |
| CIVEO CORP CDA | CVEO | -1.4% | 34.6% | Holders → |
| MGM RESORTS INTERNATIONAL | MGM | -0.3% | 33.3% | Holders → |
| SUNOCOCORP LLC | SUNC | -1.8% | 26.1% | History → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| CAESARS ENTERTAINMENT INC NE | CZR | 2.7% |
| ACADIA HEALTHCARE COMPANY IN | ACHC | 0.6% |
| TREEHOUSE FOODS INC | THS | 0.5% |
| CITY OFFICE REIT INC | CIO | 0.2% |
| LAUREATE EDUCATI | LAUR | 0.1% |
Net Portfolio Value ChangeQ1 2026
- $0.7BPrior quarter
- $0.8BCurrent quarter
- +$0.1BNet delta
- +14.4%% change
Methodology & FAQ
How Engine Capital Management, LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Engine Capital Management, LP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did Engine Capital Management, LP buy in Q1 2026?
In Q1 2026, Engine Capital Management, LP initiated 3 new positions (DNOW INC (DNOW) (DNOW), WEAVE COMMUNICATIONS INC (WEAV), BIOVENTUS INC (BVS)); bought more shares of BRINKS CO (BCO), KBR INC (KBR), COMPASS MINERALS INTL INC (CMP), FOX FACTORY HOLDING CORP (FOXF), FIVERR INTL LTD (FVRR) — the largest 5 of 8 adds.
What stocks did Engine Capital Management, LP sell in Q1 2026?
In Q1 2026, Engine Capital Management, LP fully sold 5 positions (CAESARS ENTERTAINMENT INC NE (CZR), ACADIA HEALTHCARE COMPANY IN (ACHC), TREEHOUSE FOODS INC (THS), CITY OFFICE REIT INC (CIO), LAUREATE EDUCATI (LAUR)); reduced holdings in UNIFIRST CORP MASS (UNF), CIVEO CORP CDA (CVEO), MGM RESORTS INTERNATIONAL (MGM), SUNOCOCORP LLC (SUNC).
Which positions did Engine Capital Management, LP initiate in Q1 2026?
Engine Capital Management, LP established 3 new positions in Q1 2026: DNOW INC (DNOW) (DNOW, 7.4%), WEAVE COMMUNICATIONS INC (WEAV, 0.6%), BIOVENTUS INC (BVS, 0.3%).
Which existing positions saw the largest allocation increases for Engine Capital Management, LP in Q1 2026?
Of 8 existing positions with share-count increases in Q1 2026, the largest were: BRINKS CO (BCO, +6.2% weight, +1237.6% shares), KBR INC (KBR, +6.1% weight, +1129.3% shares), COMPASS MINERALS INTL INC (CMP, +3.0% weight, +275.4% shares), FOX FACTORY HOLDING CORP (FOXF, +2.2% weight, +162.3% shares), FIVERR INTL LTD (FVRR, +-0.4% weight, +78.4% shares), AVANTOR INC (AVTR) (AVTR, +-0.2% weight, +65.8% shares), UNITED PARKS & RESORTS INC (PRKS, +-0.2% weight, +20.8% shares), ORTHOFIX MED INC (OFIX, +-2.8% weight, +3.2% shares).
Which positions did Engine Capital Management, LP fully exit in Q1 2026?
Engine Capital Management, LP fully exited 5 positions in Q1 2026: CAESARS ENTERTAINMENT INC NE (CZR, last-reported weight 2.7%), ACADIA HEALTHCARE COMPANY IN (ACHC, last-reported weight 0.6%), TREEHOUSE FOODS INC (THS, last-reported weight 0.5%), CITY OFFICE REIT INC (CIO, last-reported weight 0.2%), LAUREATE EDUCATI (LAUR, last-reported weight 0.1%).
Which existing positions saw the largest allocation reductions for Engine Capital Management, LP in Q1 2026?
Of 4 existing positions with share-count reductions in Q1 2026, the largest were: UNIFIRST CORP MASS (UNF, -10.0% weight, -83.9% shares), CIVEO CORP CDA (CVEO, -1.4% weight, -34.6% shares), MGM RESORTS INTERNATIONAL (MGM, -0.3% weight, -33.3% shares), SUNOCOCORP LLC (SUNC, -1.8% weight, -26.1% 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. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.