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Glenn Welling

Engaged Capital

Activist investor

$303.4M

Portfolio Value

8

Holdings

Q1 '26

Period

2026-05-15

Filed

📉

Simulated 13F Return

⚠️ Approximation

Total Return

-7.34%

Q4 '24 → Q3 '25

Annualized

-9.7%/yr

S&P: +18.77%/yr

Alpha (vs S&P)

-21.06%

3 quarters tracked

1-Year Return

—

⚠️ Approximation only. 13F filings are delayed ~45 days. Options, shorts, and intra-quarter trades not captured.

📈 Recent Activity

Changes from previous quarter

VFCREDUCED
26.2% of portfolio
-12% shares+1.7pp
YETIREDUCED
21.5% of portfolio
-12% shares-1.4pp
BLINCREASED
16.7% of portfolio
+26% shares+1.4pp
GXOREDUCED
14.0% of portfolio
-1% shares+2.9pp
CGNXREDUCED
7.8% of portfolio
-48% shares-0.7pp
PTLOINCREASED
6.0% of portfolio
+124% shares+4.2pp
FRPTSOLD
was 6.2%
Sold out position
Filing price: $60.93

Sold Out (1)

SOLDFRPTFRESHPET INCwas 6.23%@$60.93

📊 Sector Breakdown

Portfolio allocation by sector

Unknown 73.8%Consumer Discretionary 26.2%

💼 Holdings

🔍

8 of 8 positions · $303.4M

This quarter: increased 2, reduced 4, sold 1. Net seller.

VFCREDUCED
26.2%
26.2% of portfolio (was 24.5%, trimmed)
Filed ~$17
—📄
YETIREDUCED
21.5%
21.5% of portfolio (was 22.9%, trimmed)
Filed ~$37
—📄
BLINCREASED
16.7%
16.7% of portfolio (was 15.3%, added)
Filed ~$37
—📄
GXOREDUCED
14.0%
14.0% of portfolio (was 11.1%, trimmed)
Filed ~$52
—📄
CGNXREDUCED
7.8%
7.8% of portfolio (was 8.6%, trimmed)
Filed ~$49
—📄
PTLOINCREASED
6.0%
6.0% of portfolio (was 1.8%, added)
Filed ~$5
—📄
EVH
4.2%
4.2% of portfolio
Filed ~$2
—📄
BRCC
3.6%
3.6% of portfolio
Filed ~$1
—📄

🚫 Sold Out (1 positions)

SOLDFRPTFRESHPET INCwas 6.23%@$60.93401130 shares · $24.4M