$736 Million is the total value of Tensile Capital Management's 16 reported holdings in Q1 2023. The portfolio turnover from Q4 2022 to Q1 2023 was 25.0% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VERX | VERTEX INCcl a | $123,524,638 | +42.6% | 5,970,258 | 0.0% | 16.77% | +23.7% | |
| DKS | Buy | DICKS SPORTING GOODS INC | $89,646,670 | +23.6% | 631,804 | +4.7% | 12.17% | +7.2% |
| CCK | Buy | CROWN HLDGS INC | $81,390,776 | +14.6% | 984,050 | +13.9% | 11.05% | -0.6% |
| ASO | Sell | ACADEMY SPORTS & OUTDOORS IN | $72,234,295 | +13.9% | 1,107,039 | -8.3% | 9.81% | -1.2% |
| VVV | Sell | VALVOLINE INC | $69,253,176 | -2.8% | 1,982,060 | -9.2% | 9.40% | -15.7% |
| LAD | Sell | LITHIA MTRS INC | $61,790,954 | +0.6% | 269,912 | -10.0% | 8.39% | -12.7% |
| ALIT | Buy | ALIGHT INC | $55,411,081 | +27.9% | 6,016,404 | +16.1% | 7.52% | +10.9% |
| BATRK | Buy | LIBERTY MEDIA CORP DEL | $33,441,334 | +9.8% | 992,619 | +5.0% | 4.54% | -4.8% |
| SMAR | Buy | SMARTSHEET INC | $32,355,820 | +22.1% | 676,900 | +0.5% | 4.39% | +5.9% |
| BL | Buy | BLACKLINE INC | $31,977,636 | +11.3% | 476,212 | +11.5% | 4.34% | -3.4% |
| DFIN | Buy | DONNELLEY FINL SOLUTIONS INC | $24,991,365 | +58.4% | 611,634 | +49.8% | 3.39% | +37.4% |
| TTWO | Sell | TAKE-TWO INTERACTIVE SOFTWAR | $15,547,534 | -17.7% | 130,323 | -28.2% | 2.11% | -28.6% |
| EQIX | Sell | EQUINIX INC | $15,244,228 | +0.6% | 21,142 | -8.6% | 2.07% | -12.8% |
| WK | New | WORKIVA INC | $11,777,150 | – | 115,000 | +100.0% | 1.60% | – |
| New | DICKS SPORTING GOODS INCnote 3.250% 4/1 | $11,106,215 | – | 2,500,000 | +100.0% | 1.51% | – | |
| EVBG | Sell | EVERBRIDGE INC | $6,759,055 | -28.1% | 194,954 | -38.7% | 0.92% | -37.6% |
| Exit | TUESDAY MORNING CORP | $0 | – | -472,110 | -100.0% | -0.05% | – | |
| COUP | Exit | COUPA SOFTWARE | $0 | – | -303,310 | -100.0% | -3.76% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2023-05-15
About Tensile Capital Management
Tensile Capital Management is a San Francisco-based investment management firm that was founded in 2011 by Douglas Dossey and Mark D. Coe. The firm manages assets for a variety of clients, including high net worth individuals, family offices, and institutional investors. Tensile Capital Management focuses on long-term investments in publicly traded companies that have strong fundamentals and attractive valuations.
The firm's investment philosophy is centered around the belief that the stock market is inefficient and that there are opportunities to generate alpha by identifying mispricings in the market. Tensile Capital Management's investment team conducts extensive research and analysis to identify companies that are undervalued by the market and have the potential for long-term growth.
The firm's leadership team includes Douglas Dossey, who serves as the CEO and Chief Investment Officer, and Mark D. Coe, who serves as the COO and Chief Compliance Officer. Both Dossey and Coe have extensive experience in the finance industry, having worked at firms such as Goldman Sachs and BlackRock prior to founding Tensile Capital Management.
Overall, Tensile Capital Management is a well-respected investment management firm that has a strong track record of generating alpha for its clients. While past performance is not indicative of future results, the firm's focus on long-term investments and its experienced leadership team make it a compelling option for investors looking for exposure to the stock market.
It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.
Top long-term holdings
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| EQUINIX INC | 29 | Q1 2023 | 8.9% |
| EXPEDITORS INTL WASH INC | 28 | Q3 2020 | 14.7% |
| LIBERTY MEDIA CORP DELAWARE/CL C BRAVES GRP | 27 | Q1 2023 | 7.4% |
| CORNERSTONE ONDEMAND INC | 26 | Q3 2021 | 17.0% |
| VALVOLINE INC | 25 | Q1 2023 | 12.0% |
| INTERXION HOLDING N.V. | 25 | Q4 2019 | 6.2% |
| DICKS SPORTING GOODS INC | 24 | Q1 2023 | 12.2% |
| NEWS CORP NEW/CL A | 24 | Q3 2019 | 8.7% |
| PTC INC | 21 | Q1 2020 | 15.2% |
| NEWS CORP NEW/CL B | 20 | Q3 2019 | 9.9% |
View Tensile Capital Management's complete holdings history.
Latest significant ownerships (13-D/G)
| Filed | Shares | Percentage | |
|---|---|---|---|
| Vertex, Inc. | February 14, 2023 | 5,970,258 | 12.2% |
| TUESDAY MORNING CORP/DE | January 05, 2023 | 709,011 | 11.5% |
View Tensile Capital Management's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2023-05-15 |
| 4 | 2023-04-21 |
| SC 13G/A | 2023-02-14 |
| 13F-HR | 2023-02-14 |
| SC 13D/A | 2023-01-05 |
| 13F-HR | 2022-11-14 |
| 4 | 2022-10-27 |
| SC 13D/A | 2022-09-15 |
| 13F-HR | 2022-08-15 |
| 3 | 2022-08-05 |
View Tensile Capital Management's complete filings history.
All filings
- Holdings (13F-HR)
- Significant ownership (13-D/G)
- Insider transactions (4, 5, 6)
- Events (8-K)
- Shareholder votes (proxy)
View complete filings history.