# Engaged Capital portfolio: Q2 2026 13F holdings | moatshark

Glenn Welling’s Engaged Capital: $327m in 9 US holdings at Q2 2026, with buys and sells. Top: VF, Yeti Holdings, GXO Logistics, Evolent Health, Freshpet.

In Q2 2026, Engaged Capital held 9 US-listed stocks worth $327m. Its biggest move was cutting Blackline (40% fewer shares, now 7.1%), followed by buying Freshpet (now 8.8% of the portfolio). It started 1 new position and sold out of 0. Its largest holding is VF at 23%.

13F for the quarter ending 2026-06-30, filed 2026-08-14 ([filing](https://www.sec.gov/Archives/edgar/data/1559771/000092189526002154/0000921895-26-002154-index.htm)). $327m in US-listed holdings.

## 13F holdings

| Company | Value | Portfolio | Change | Q1 2026 |
| --- | --- | --- | --- | --- |
| VF (VFC) | $75.4m | 23.1% | Trimmed -3.4% | 26.2% |
| Yeti Holdings (YETI) | $59.2m | 18.1% | Trimmed -33% | 21.5% |
| GXO Logistics (GXO) | $49.9m | 15.3% | Added +20% | 14.0% |
| Evolent Health (EVH) | $30.2m | 9.2% | Unchanged | 4.2% |
| Freshpet (FRPT) | $28.7m | 8.8% | New | – |
| Cognex (CGNX) | $24.6m | 7.5% | Trimmed -30% | 7.8% |
| Blackline (BL) | $23.2m | 7.1% | Trimmed -39% | 16.7% |
| Portillo's (PTLO) | $16.3m | 5.0% | Unchanged | 6.0% |
| Brc (0HW0) | $15.5m | 4.7% | Unchanged | 3.6% |

Source: SEC filings, via moatshark (https://www.moatshark.com/m/engaged-capital). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.