Tensile Capital Management LP: LITHIA MOTORS INC (LAD): Quarterly 13F Position History
As of Q1 2026, Tensile Capital Management LP reported 222,963 shares of LITHIA MOTORS INC (LAD), worth $55.7M and representing 8.0% of its 13F equity book. Quarter-over-quarter share count change: 1,827 (-0.8%) . The position first appeared in Q1 2019 and has been disclosed across 29 13F-HR filings in Pactolio's tracked window.
- 222,963Shares Held (Latest Filing)
- $55.7MReported Market Value (Latest Filing)
- 8.0%Portfolio Weight (% of 13F Equity Book)
- 1,827Quarter-over-Quarter Share Change
- -$19.0MQuarter-over-Quarter Value Change
- 347,153Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 29 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 222,963 | 1,827 | -0.8% | $55.7M | 8.0% | $249.7 |
| Q4 2025 | 224,790 | 10,737 | -4.6% | $74.7M | 9.7% | $332.3 |
| Q3 2025 | 235,527 | +12,000 | +5.4% | $74.4M | 9.3% | $316.0 |
| Q2 2025 | 223,527 | 12,000 | -5.1% | $75.5M | 9.1% | $337.8 |
| Q1 2025 | 235,527 | 0 | — | $69.1M | 8.8% | $293.5 |
| Q4 2024 | 235,527 | 26,000 | -9.9% | $84.2M | 8.7% | $357.4 |
| Q3 2024 | 261,527 | +6,252 | +2.4% | $83.1M | 9.0% | $317.6 |
| Q2 2024 | 255,275 | +21,300 | +9.1% | $64.4M | 7.1% | $252.4 |
| Q1 2024 | 233,975 | +25,000 | +12.0% | $70.4M | 7.7% | $300.9 |
| Q4 2023 | 208,975 | 28,000 | -11.8% | $68.8M | 8.0% | $329.3 |
| Q3 2023 | 236,975 | 12,937 | -5.2% | $70.0M | 8.8% | $295.3 |
| Q2 2023 | 249,912 | 20,000 | -7.4% | $76.0M | 9.8% | $304.1 |
| Q1 2023 | 269,912 | 30,000 | -10.0% | $61.8M | 8.4% | $228.9 |
| Q4 2022 | 299,912 | +20,000 | +7.1% | $61.4M | 9.6% | $204.7 |
| Q3 2022 | 279,912 | 0 | — | $60.1M | 9.3% | $214.5 |
| Q2 2022 | 279,912 | 0 | — | $76.9M | 13.3% | $274.8 |
| Q1 2022 | 279,912 | 35,133 | -11.2% | $84.0M | 12.2% | $300.1 |
| Q4 2021 | 315,045 | 0 | — | $93.6M | 11.2% | $297.0 |
| Q3 2021 | 315,045 | 14,577 | -4.4% | $99.9M | 11.6% | $317.0 |
| Q2 2021 | 329,622 | +15,000 | +4.8% | $113.3M | 12.8% | $343.6 |
| Q1 2021 | 314,622 | 32,531 | -9.4% | $122.7M | 16.1% | $390.1 |
| Q4 2020 | 347,153 | +40,017 | +13.0% | $101.6M | 11.9% | $292.7 |
| Q3 2020 | 307,136 | 3,206 | -1.0% | $70.0M | 9.4% | $227.9 |
| Q2 2020 | 310,342 | +5,592 | +1.8% | $47.0M | 7.1% | $151.3 |
| Q1 2020 | 304,750 | +156,238 | +105.2% | $24.9M | 4.9% | $81.8 |
| Q4 2019 | 148,512 | 7,788 | -5.0% | $21.8M | 2.8% | $147.0 |
| Q3 2019 | 156,300 | 2,400 | -1.5% | $20.7M | 2.6% | $132.4 |
| Q2 2019 | 158,700 | 3,000 | -1.9% | $18.9M | 2.5% | $118.8 |
| Q1 2019 | 161,700 | — | — | $15.0M | 2.1% | $92.8 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Tensile Capital Management LP first disclose a LAD position in 13F-HR filings?
Tensile Capital Management LP first reported LITHIA MOTORS INC (LAD) on its 13F-HR filing for the period ending 2019-03-31 (Q1 2019). The position has appeared on 29 reported quarters within Pactolio's tracked window.
What was Tensile Capital Management LP's most recent quarter-over-quarter share-count change in LAD?
Between Q4 2025 and Q1 2026, Tensile Capital Management LP reduced its LAD position by 1,827 shares (-0.8%), leaving 222,963 shares at a market value of $55.7M.
Does the implied price-per-share represent Tensile Capital Management LP's cost basis in LAD?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.