Glenn Welling
Engaged Capital · 12 closed periods in the current 3-year detail window (latest closed period: Q4 2025 → next disclosure, 9 priced positions, -9.47% return). Every disclosed long-equity position appears in the table for its period; the Valid column shows 1 (counted in the math) or 0 (excluded — hover the row for the reason). See the methodology for the exact math.
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2026-02-17 → 2026-05-15
9 of 9 priced100.00% coverage-9.47%Holdings from Q4 2025 disclosure · accession 0000921895-26-000438 — these holdings should be identical to the manager's portfolio view for that quarter.
2026-02-17 → 2026-05-15
9 of 9 priced100.00% coverage-9.47%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| VFC | 5,306,548 | $20.09 | — | $16.68 | $106.61M | $88.51M | -16.97% | 24.47% | -4.2 bps | 1 |
| YETI | 2,032,695 | $48.01 | — | $42.67 | $97.59M | $86.74M | -11.12% | 22.90% | -2.5 bps | 1 |
| BL | 1,083,619 | $37.34 | — | $27.25 | $40.46M | $29.53M | -27.02% | 15.28% | -4.1 bps | 1 |
| GXO | 829,769 | $65.36 | — | $48.18 | $54.23M | $39.98M | -26.29% | 11.14% | -2.9 bps | 1 |
| CGNX | 933,000 | $57.09 | — | $64.26 | $53.26M | $59.95M | +12.56% | 8.56% | +1.1 bps | 1 |
| FRPT | 401,130 | $71.69 | — | $49.35 | $28.76M | $19.8M | -31.16% | 6.23% | -1.9 bps | 1 |
| EVH | 5,563,912 | $2.72 | — | $3.96 | $15.13M | $22.03M | +45.59% | 5.68% | +2.6 bps | 1 |
| BRCC | 13,935,560 | $0.69 | — | $1.60 | $9.67M | $22.3M | +130.55% | 3.95% | +5.2 bps | 1 |
| PTLO | 1,534,990 | $5.49 | — | $3.98 | $8.43M | $6.11M | -27.50% | 1.78% | -0.5 bps | 1 |
| Top 5 (by entry value)(5) | $352.16M | $304.71M | -13.47% | |||||||
| Total(9) | $414.15M | $374.94M | -9.47% | |||||||
2025-11-14 → 2026-02-17
9 of 9 priced100.00% coverage+20.55%Holdings from Q3 2025 disclosure · accession 0000921895-25-003080 — these holdings should be identical to the manager's portfolio view for that quarter.
2025-11-14 → 2026-02-17
9 of 9 priced100.00% coverage+20.55%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| VFC | 5,862,368 | $14.97 | — | $20.09 | $87.76M | $117.77M | +34.20% | 20.75% | +7.1 bps | 1 |
| YETI | 2,169,551 | $37.30 | — | $48.01 | $80.92M | $104.16M | +28.71% | 17.66% | +5.1 bps | 1 |
| GXO | 978,477 | $49.53 | — | $65.36 | $48.46M | $63.95M | +31.96% | 12.70% | +4.1 bps | 1 |
| EVH | 5,663,912 | $4.18 | — | $2.72 | $23.68M | $15.41M | -34.93% | 11.75% | -4.1 bps | 1 |
| CGNX | 855,000 | $36.77 | — | $57.09 | $31.44M | $48.81M | +55.26% | 9.50% | +5.3 bps | 1 |
| FRPT | 619,130 | $53.44 | — | $71.69 | $33.09M | $44.39M | +34.15% | 8.37% | +2.9 bps | 1 |
| PTLO | 5,069,301 | $4.79 | — | $5.49 | $24.28M | $27.83M | +14.61% | 8.02% | +1.2 bps | 1 |
| BL | 453,794 | $54.67 | — | $37.34 | $24.81M | $16.94M | -31.70% | 5.91% | -1.9 bps | 1 |
| BRCC | 13,935,560 | $1.29 | — | $0.69 | $17.98M | $9.67M | -46.20% | 5.33% | -2.5 bps | 1 |
| Top 5 (by entry value)(5) | $281.67M | $379.09M | +34.58% | |||||||
| Total(9) | $372.42M | $448.94M | +20.55% | |||||||
2025-08-14 → 2025-11-14
7 of 7 priced100.00% coverage-10.73%Holdings from Q2 2025 disclosure · accession 0000921895-25-002274 — these holdings should be identical to the manager's portfolio view for that quarter.
2025-08-14 → 2025-11-14
7 of 7 priced100.00% coverage-10.73%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| YETI | 2,162,518 | $33.91 | — | $37.30 | $73.33M | $80.66M | +10.00% | 19.06% | +1.9 bps | 1 |
| EVH | 5,854,468 | $8.82 | — | $4.18 | $51.64M | $24.47M | -52.61% | 18.43% | -9.7 bps | 1 |
| VFC | 5,417,368 | $12.96 | — | $14.97 | $70.21M | $81.1M | +15.51% | 17.80% | +2.8 bps | 1 |
| PTLO | 4,831,911 | $7.70 | — | $4.79 | $37.21M | $23.14M | -37.79% | 15.77% | -6.0 bps | 1 |
| GXO | 897,000 | $53.63 | — | $49.53 | $48.11M | $44.43M | -7.64% | 12.22% | -0.9 bps | 1 |
| FRPT | 619,130 | $63.29 | — | $53.44 | $39.18M | $33.09M | -15.56% | 11.77% | -1.8 bps | 1 |
| BRCC | 13,535,560 | $1.57 | — | $1.29 | $21.25M | $17.46M | -17.83% | 4.96% | -0.9 bps | 1 |
| Top 5 (by entry value)(5) | $282.47M | $263.75M | -6.63% | |||||||
| Total(7) | $340.92M | $304.35M | -10.73% | |||||||
2025-05-15 → 2025-08-14
9 of 9 priced100.00% coverage-2.40%Holdings from Q1 2025 disclosure · accession 0000921895-25-001519 — these holdings should be identical to the manager's portfolio view for that quarter.
2025-05-15 → 2025-08-14
9 of 9 priced100.00% coverage-2.40%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| VFC | 5,484,368 | $14.85 | — | $12.96 | $81.44M | $71.08M | -12.73% | 21.70% | -2.8 bps | 1 |
| PTLO | 5,479,771 | $12.78 | — | $7.70 | $70.03M | $42.19M | -39.75% | 16.61% | -6.6 bps | 1 |
| GTLS | 368,996 | $170.35 | — | $198.59 | $62.86M | $73.28M | +16.58% | 13.58% | +2.3 bps | 1 |
| YETI | 1,543,518 | $32.16 | — | $33.91 | $49.64M | $52.34M | +5.44% | 13.03% | +0.7 bps | 1 |
| EVH | 5,179,468 | $8.82 | — | $8.82 | $45.68M | $45.68M | +0.00% | 12.50% | +0.0 bps | 1 |
| GXO | 912,000 | $41.30 | — | $53.63 | $37.67M | $48.91M | +29.85% | 9.09% | +2.7 bps | 1 |
| BRCC | 13,535,560 | $1.94 | — | $1.57 | $26.26M | $21.25M | -19.07% | 7.21% | -1.4 bps | 1 |
| NATL | 774,261 | $27.60 | — | $38.56 | $21.37M | $29.86M | +39.71% | 5.21% | +2.1 bps | 1 |
| VYX | 431,679 | $10.89 | — | $12.64 | $4.7M | $5.46M | +16.07% | 1.07% | +0.2 bps | 1 |
| Top 5 (by entry value)(5) | $309.66M | $284.57M | -8.10% | |||||||
| Total(9) | $399.65M | $390.05M | -2.40% | |||||||
2025-02-14 → 2025-05-15
8 of 8 priced100.00% coverage-21.77%Holdings from Q4 2024 disclosure · accession 0000921895-25-000457 — these holdings should be identical to the manager's portfolio view for that quarter.
2025-02-14 → 2025-05-15
8 of 8 priced100.00% coverage-21.77%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| VFC | 5,341,368 | $25.59 | — | $14.85 | $136.69M | $79.32M | -41.97% | 23.57% | -9.9 bps | 1 |
| VYX | 5,771,033 | $12.29 | — | $10.89 | $70.93M | $62.85M | -11.39% | 16.42% | -1.9 bps | 1 |
| NATL | 2,206,041 | $30.47 | — | $27.60 | $67.22M | $60.89M | -9.42% | 15.39% | -1.4 bps | 1 |
| EVH | 5,404,768 | $10.02 | — | $8.82 | $54.16M | $47.67M | -11.98% | 12.50% | -1.5 bps | 1 |
| PTLO | 6,114,956 | $15.08 | — | $12.78 | $92.21M | $78.15M | -15.25% | 11.82% | -1.8 bps | 1 |
| BRCC | 13,535,560 | $2.62 | — | $1.94 | $35.46M | $26.26M | -25.95% | 8.82% | -2.3 bps | 1 |
| GTLS | 224,796 | $194.74 | — | $170.35 | $43.78M | $38.29M | -12.52% | 8.82% | -1.1 bps | 1 |
| PRAA | 619,945 | $23.67 | — | $15.37 | $14.67M | $9.53M | -35.07% | 2.66% | -0.9 bps | 1 |
| Top 5 (by entry value)(5) | $421.2M | $328.87M | -21.92% | |||||||
| Total(8) | $515.11M | $402.95M | -21.77% | |||||||
2024-11-14 → 2025-02-14
8 of 9 priced97.79% coverage+3.58%Holdings from Q3 2024 disclosure · accession 0000921895-24-002693 — these holdings should be identical to the manager's portfolio view for that quarter.
2024-11-14 → 2025-02-14
8 of 9 priced97.79% coverage+3.58%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| EVH | 3,989,468 | $12.67 | — | $10.02 | $50.55M | $39.97M | -20.92% | 18.30% | -3.8 bps | 1 |
| VFC | 5,341,368 | $20.28 | — | $25.59 | $108.32M | $136.69M | +26.18% | 17.28% | +4.5 bps | 1 |
| VYX | 7,171,029 | $14.31 | — | $12.29 | $102.62M | $88.13M | -14.12% | 15.78% | -2.2 bps | 1 |
| NATL | 3,008,223 | $29.39 | — | $30.47 | $88.41M | $91.66M | +3.67% | 13.92% | +0.5 bps | 1 |
| PTLO | 6,114,956 | $11.43 | — | $15.08 | $69.89M | $92.21M | +31.93% | 13.36% | +4.3 bps | 1 |
| BRCC | 13,535,560 | $2.99 | — | $2.62 | $40.47M | $35.46M | -12.37% | 7.51% | -0.9 bps | 1 |
| PRAA | 1,703,512 | $23.12 | — | $23.67 | $39.39M | $40.32M | +2.38% | 6.18% | +0.1 bps | 1 |
| BL | 609,713 | $60.56 | — | $51.37 | $36.92M | $31.32M | -15.18% | 5.45% | -0.8 bps | 1 |
| NVRO | — | — | — | — | — | — | — | 2.21% | — | 0 |
| Top 5 (by entry value)(5) | $419.79M | $448.67M | +6.88% | |||||||
| Total(8) | $536.57M | $555.77M | +3.58% | |||||||
2024-08-14 → 2024-11-14
9 of 12 priced84.79% coverage-4.26%Holdings from Q2 2024 disclosure · accession 0000921895-24-001811 — these holdings should be identical to the manager's portfolio view for that quarter.
2024-08-14 → 2024-11-14
9 of 12 priced84.79% coverage-4.26%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| BRCC | 12,851,018 | $3.80 | — | $2.99 | $48.83M | $38.42M | -21.32% | 13.49% | -2.9 bps | 1 |
| EVH | 4,111,458 | $26.64 | — | $12.67 | $109.53M | $52.09M | -52.44% | 13.46% | -7.1 bps | 1 |
| VYX | 6,286,029 | $12.47 | — | $14.31 | $78.39M | $89.95M | +14.76% | 13.30% | +2.0 bps | 1 |
| VFC | 5,341,368 | $16.83 | — | $20.28 | $89.9M | $108.32M | +20.50% | 12.35% | +2.5 bps | 1 |
| NATL | 2,509,256 | $27.49 | — | $29.39 | $68.98M | $73.75M | +6.91% | 11.61% | +0.8 bps | 1 |
| UPBD | 1,167,051 | $30.43 | — | $32.44 | $35.51M | $37.86M | +6.61% | 6.14% | +0.4 bps | 1 |
| PRAA | 1,703,512 | $22.08 | — | $23.12 | $37.61M | $39.39M | +4.71% | 5.74% | +0.3 bps | 1 |
| PTLO | 2,760,443 | $10.96 | — | $11.43 | $30.25M | $31.55M | +4.29% | 4.60% | +0.2 bps | 1 |
| SHAK | 266,883 | $104.41 | — | $124.07 | $27.87M | $33.11M | +18.83% | 4.11% | +0.8 bps | 1 |
| ENV | — | — | — | — | — | — | — | 7.42% | — | 0 |
| SMAR | — | — | — | — | — | — | — | 5.07% | — | 0 |
| NVRO | — | — | — | — | — | — | — | 2.72% | — | 0 |
| Top 5 (by entry value)(5) | $395.62M | $362.54M | -8.36% | |||||||
| Total(9) | $526.87M | $504.45M | -4.26% | |||||||
2024-05-15 → 2024-08-14
9 of 11 priced94.47% coverage+0.08%Holdings from Q1 2024 disclosure · accession 0000921895-24-001205 — these holdings should be identical to the manager's portfolio view for that quarter.
2024-05-15 → 2024-08-14
9 of 11 priced94.47% coverage+0.08%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| EVH | 3,261,458 | $23.55 | — | $26.64 | $76.81M | $86.89M | +13.12% | 17.33% | +2.3 bps | 1 |
| VFC | 5,341,368 | $12.79 | — | $16.83 | $68.32M | $89.9M | +31.59% | 13.28% | +4.2 bps | 1 |
| SHAK | 774,788 | $102.83 | — | $104.41 | $79.67M | $80.9M | +1.54% | 13.06% | +0.2 bps | 1 |
| VYX | 5,836,029 | $13.04 | — | $12.47 | $76.1M | $72.78M | -4.37% | 11.94% | -0.5 bps | 1 |
| UPBD | 1,665,708 | $33.01 | — | $30.43 | $54.99M | $50.69M | -7.82% | 9.50% | -0.7 bps | 1 |
| BRCC | 12,851,018 | $5.56 | — | $3.80 | $71.45M | $48.83M | -31.65% | 8.91% | -2.8 bps | 1 |
| NATL | 2,509,256 | $26.44 | — | $27.49 | $66.34M | $68.98M | +3.97% | 8.03% | +0.3 bps | 1 |
| PRAA | 1,853,249 | $25.42 | — | $22.08 | $47.11M | $40.92M | -13.14% | 7.83% | -1.0 bps | 1 |
| PTLO | 1,990,000 | $10.28 | — | $10.96 | $20.46M | $21.81M | +6.61% | 4.57% | +0.3 bps | 1 |
| NVRO | — | — | — | — | — | — | — | 4.41% | — | 0 |
| ENV | — | — | — | — | — | — | — | 1.12% | — | 0 |
| Top 5 (by entry value)(5) | $372.35M | $379.29M | +1.86% | |||||||
| Total(9) | $561.24M | $561.68M | +0.08% | |||||||
2024-02-14 → 2024-05-15
8 of 9 priced93.17% coverage+1.87%Holdings from Q4 2023 disclosure · accession 0000921895-24-000467 — these holdings should be identical to the manager's portfolio view for that quarter.
2024-02-14 → 2024-05-15
8 of 9 priced93.17% coverage+1.87%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| EVH | 3,261,458 | $30.84 | — | $23.55 | $100.58M | $76.81M | -23.64% | 15.78% | -3.7 bps | 1 |
| SHAK | 1,367,231 | $78.07 | — | $102.83 | $106.74M | $140.59M | +31.72% | 14.84% | +4.7 bps | 1 |
| VFC | 5,341,368 | $17.20 | — | $12.79 | $91.87M | $68.32M | -25.64% | 14.71% | -3.8 bps | 1 |
| VYX | 5,018,513 | $15.72 | — | $13.04 | $78.89M | $65.44M | -17.05% | 12.43% | -2.1 bps | 1 |
| UPBD | 2,396,916 | $32.97 | — | $33.01 | $79.03M | $79.12M | +0.12% | 11.93% | +0.0 bps | 1 |
| NATL | 2,509,256 | $21.58 | — | $26.44 | $54.15M | $66.34M | +22.52% | 8.93% | +2.0 bps | 1 |
| PRAA | 2,010,750 | $23.03 | — | $25.42 | $46.31M | $51.11M | +10.38% | 7.72% | +0.8 bps | 1 |
| BRCC | 12,851,018 | $3.91 | — | $5.56 | $50.25M | $71.45M | +42.20% | 6.83% | +2.9 bps | 1 |
| NVRO | — | — | — | — | — | — | — | 6.83% | — | 0 |
| Top 5 (by entry value)(5) | $457.11M | $430.28M | -5.87% | |||||||
| Total(8) | $607.82M | $619.19M | +1.87% | |||||||
2023-11-14 → 2024-02-14
6 of 7 priced97.79% coverage+9.29%Holdings from Q3 2023 disclosure · accession 0000921895-23-002613 — these holdings should be identical to the manager's portfolio view for that quarter.
2023-11-14 → 2024-02-14
6 of 7 priced97.79% coverage+9.29%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| VYX | 5,018,513 | $26.52 | — | $25.62 | $133.09M | $128.59M | -3.38% | 24.67% | -0.8 bps | 1 |
| UPBD | 3,667,373 | $30.18 | — | $32.97 | $110.68M | $120.91M | +9.24% | 19.69% | +1.8 bps | 1 |
| VFC | 5,196,284 | $15.57 | — | $17.20 | $80.91M | $89.38M | +10.47% | 16.74% | +1.8 bps | 1 |
| SHAK | 1,367,231 | $60.75 | — | $78.07 | $83.06M | $106.74M | +28.51% | 14.47% | +4.1 bps | 1 |
| EVH | 2,832,810 | $29.66 | — | $30.84 | $84.02M | $87.36M | +3.98% | 14.06% | +0.6 bps | 1 |
| BRCC | 12,451,018 | $3.25 | — | $3.91 | $40.47M | $48.68M | +20.31% | 8.15% | +1.7 bps | 1 |
| PRMW | — | — | — | — | — | — | — | 2.21% | — | 0 |
| Top 5 (by entry value)(5) | $491.76M | $532.99M | +8.38% | |||||||
| Total(6) | $532.23M | $581.67M | +9.29% | |||||||
2023-08-14 → 2023-11-14
6 of 8 priced76.90% coverage-12.24%Holdings from Q2 2023 disclosure · accession 0000921895-23-001936 — these holdings should be identical to the manager's portfolio view for that quarter.
2023-08-14 → 2023-11-14
6 of 8 priced76.90% coverage-12.24%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| SHAK | 1,866,063 | $76.83 | — | $60.75 | $143.37M | $113.36M | -20.93% | 20.98% | -4.4 bps | 1 |
| VYX | 5,252,456 | $29.45 | ×1.63 | $16.27 | $154.68M | $139.3M | -9.95% | 19.15% | -1.9 bps | 1 |
| UPBD | 3,857,916 | $30.98 | — | $30.18 | $119.52M | $116.43M | -2.58% | 17.37% | -0.4 bps | 1 |
| BRCC | 13,351,450 | $4.96 | — | $3.25 | $66.22M | $43.39M | -34.48% | 9.97% | -3.4 bps | 1 |
| EVH | 1,747,252 | $28.40 | — | $29.66 | $49.62M | $51.82M | +4.44% | 7.66% | +0.3 bps | 1 |
| KTOS | 855,173 | $16.05 | — | $18.57 | $13.73M | $15.88M | +15.70% | 1.77% | +0.3 bps | 1 |
| NEWR | — | — | — | — | — | — | — | 18.93% | — | 0 |
| QUOT | — | — | — | — | — | — | — | 4.17% | — | 0 |
| Top 5 (by entry value)(5) | $533.42M | $464.31M | -12.96% | |||||||
| Total(6) | $547.14M | $480.19M | -12.24% | |||||||
2023-05-15 → 2023-08-14
8 of 10 priced74.79% coverage+0.25%Holdings from Q1 2023 disclosure · accession 0000921895-23-001215 — these holdings should be identical to the manager's portfolio view for that quarter.
2023-05-15 → 2023-08-14
8 of 10 priced74.79% coverage+0.25%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| VYX | 5,252,456 | $23.89 | — | $29.45 | $125.48M | $154.68M | +23.27% | 17.64% | +4.1 bps | 1 |
| SHAK | 1,717,943 | $70.30 | — | $76.83 | $120.77M | $131.99M | +9.29% | 13.57% | +1.3 bps | 1 |
| UPBD | 3,857,916 | $32.10 | — | $30.98 | $123.84M | $119.52M | -3.49% | 13.46% | -0.5 bps | 1 |
| EVH | 2,213,454 | $34.85 | — | $28.40 | $77.14M | $62.86M | -18.51% | 10.22% | -1.9 bps | 1 |
| BRCC | 13,351,450 | $5.45 | — | $4.96 | $72.77M | $66.22M | -8.99% | 9.77% | -0.9 bps | 1 |
| STKL | 5,915,435 | $7.65 | — | $4.71 | $45.25M | $27.86M | -38.43% | 6.48% | -2.5 bps | 1 |
| FRPT | 306,716 | $69.51 | — | $79.68 | $21.32M | $24.44M | +14.63% | 2.89% | +0.4 bps | 1 |
| IWM | 29,800 | $174.83 | — | $190.66 | $5.21M | $5.68M | +9.05% | 0.76% | +0.1 bps | 1 |
| NEWR | — | — | — | — | — | — | — | 21.43% | — | 0 |
| QUOT | — | — | — | — | — | — | — | 3.78% | — | 0 |
| Top 5 (by entry value)(5) | $520M | $535.28M | +2.94% | |||||||
| Total(8) | $591.78M | $593.26M | +0.25% | |||||||