Tensile Capital Management LP 13F: Quarter-over-Quarter Portfolio Changes
Tensile Capital Management LP reported a disclosed portfolio value of approximately $724.3 million in its latest SEC Form 13F-HR filing for Q2 2026, up 3.7% quarter on quarter. Over the quarter, the fund initiated 1 new position, bought more shares in 5 holdings, trimmed 13 holdings, and exited 4 positions.
Tensile Capital Management LP's top buy was Tyler Technologies INC (TYL) . The fund bought 377.0% more shares, lifting the position's portfolio weight by 7.4 percentage points. Its top sell was Clearwater Analytics Holdings INC (CWAN) . The fund exited the position completely after it had accounted for 3.0% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| VISTANCE NETWORKS INC | VISN | 0.6% | Holders → |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| TYLER TECHNOLOGIES INC | TYL | +7.4% | +377.0% | History → |
| COMPASS INC | COMP | +4.7% | +100.9% | History → |
| APPFOLIO INC | APPF | +0.4% | +37.7% | Holders → |
| WATERBRIDGE INFRASTRUCTURE L | WBI | +1.3% | +9.9% | History → |
| NCINO INC | NCNO | +0.2% | +5.1% | Holders → |
Top SellsQ2 2026
Showing the top 10 sells among 13 existing positions where the fund sold shares in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| FOX FACTORY HLDG CORP | FOXF | -0.5% | 82.8% | Holders → |
| HELIX ENERGY SOLUTIONS GRP I | HLX | -0.6% | 42.3% | Holders → |
| CROWN HLDGS INC | CCK | -1.6% | 31.0% | Holders → |
| VALVOLINE INC | VVV | -1.6% | 26.0% | History → |
| US FOODS HLDG CORP | USFD | -0.8% | 17.6% | History → |
| U HAUL HOLDING COMPANY | UHAL/B | 0.1% | 17.0% | – |
| VERTEX INC | VERX | -1.2% | 14.7% | Holders → |
| ALIGHT INC | ALIT | -0.1% | 14.5% | Holders → |
| CENTURI HOLDINGS INC | CTRI | -0.5% | 7.8% | History → |
| EQUINIX, INC. REIT | EQIX | -0.2% | 7.6% | Holders → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| CLEARWATER ANALYTICS HOLDINGS INC | CWAN | 3.0% |
| NOBLE CORP PLC | NE | 2.8% |
| CAVCO INDS INC DEL | CVCO | 2.3% |
| CELLEBRITE DI LTD | CLBT | 1.0% |
Net Portfolio Value ChangeQ2 2026
- $0.7BPrior quarter
- $0.7BCurrent quarter
- +$0.0BNet delta
- +3.7%% change
Methodology & FAQ
How Tensile Capital Management LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Tensile 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 Tensile Capital Management LP buy in Q2 2026?
In Q2 2026, Tensile Capital Management LP initiated 1 new position (VISTANCE NETWORKS INC (VISN)); bought more shares of TYLER TECHNOLOGIES INC (TYL), COMPASS INC (COMP), APPFOLIO INC (APPF), WATERBRIDGE INFRASTRUCTURE L (WBI), NCINO INC (NCNO).
What stocks did Tensile Capital Management LP sell in Q2 2026?
In Q2 2026, Tensile Capital Management LP fully sold 4 positions (CLEARWATER ANALYTICS HOLDINGS INC (CWAN), NOBLE CORP PLC (NE), CAVCO INDS INC DEL (CVCO), CELLEBRITE DI LTD (CLBT)); reduced holdings in FOX FACTORY HLDG CORP (FOXF), HELIX ENERGY SOLUTIONS GRP I (HLX), CROWN HLDGS INC (CCK), VALVOLINE INC (VVV), US FOODS HLDG CORP (USFD) (the largest 5 of 13 reductions).
Which positions did Tensile Capital Management LP initiate in Q2 2026?
Tensile Capital Management LP established 1 new position in Q2 2026: VISTANCE NETWORKS INC (VISN, 0.6%).
Which existing positions saw the largest allocation increases for Tensile Capital Management LP in Q2 2026?
Of 5 existing positions with share-count increases in Q2 2026, the largest were: TYLER TECHNOLOGIES INC (TYL, +7.4% weight, +377.0% shares), COMPASS INC (COMP, +4.7% weight, +100.9% shares), APPFOLIO INC (APPF, +0.4% weight, +37.7% shares), WATERBRIDGE INFRASTRUCTURE L (WBI, +1.3% weight, +9.9% shares), NCINO INC (NCNO, +0.2% weight, +5.1% shares).
Which positions did Tensile Capital Management LP fully exit in Q2 2026?
Tensile Capital Management LP fully exited 4 positions in Q2 2026: CLEARWATER ANALYTICS HOLDINGS INC (CWAN, last-reported weight 3.0%), NOBLE CORP PLC (NE, last-reported weight 2.8%), CAVCO INDS INC DEL (CVCO, last-reported weight 2.3%), CELLEBRITE DI LTD (CLBT, last-reported weight 1.0%).
Which existing positions saw the largest allocation reductions for Tensile Capital Management LP in Q2 2026?
Of 13 existing positions with share-count reductions in Q2 2026, the largest were: FOX FACTORY HLDG CORP (FOXF, -0.5% weight, -82.8% shares), HELIX ENERGY SOLUTIONS GRP I (HLX, -0.6% weight, -42.3% shares), CROWN HLDGS INC (CCK, -1.6% weight, -31.0% shares), VALVOLINE INC (VVV, -1.6% weight, -26.0% shares), US FOODS HLDG CORP (USFD, -0.8% weight, -17.6% shares), U HAUL HOLDING COMPANY (UHAL/B, 0.1% weight, -17.0% shares), VERTEX INC (VERX, -1.2% weight, -14.7% shares), ALIGHT INC (ALIT, -0.1% weight, -14.5% shares), CENTURI HOLDINGS INC (CTRI, -0.5% weight, -7.8% shares), EQUINIX, INC. REIT (EQIX, -0.2% weight, -7.6% 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.