Glenn Welling

Net selling

Engaged Capital LLC — managed by Glenn Welling; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-03-31 (filed 2026-05-15) · Source: SEC EDGAR

Portfolio value$303.4M（−23%）

Holdings8（−1）

Reporting quarterQ1 2026

Top holdingV F Corp

Portfolio overview

Engaged Capital LLC's most recent 13F filing, for the quarter ended 2026-03-31, reports 8 positions worth $303.4M. The top 5 holdings represent 86% of that value, a concentrated portfolio.

The single largest position is V F Corp at 26.2% of the portfolio, followed by Yeti Hldgs Inc at 21.5% and Blackline Inc at 16.7%.

Against the prior quarter, Glenn Welling opened 0 new positions, exited 1, added to 2, and trimmed 4. The most notable sale was the full exit from Freshpet Inc.

Across all 8 quarters on file, V F Corp has appeared in every filing, as has Portillos Inc. V F Corp currently ranks first by value.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

High-conviction

Blackline IncBLAdding · 3q

Added for 3 straight quarters.

Portillos IncPTLOBig new buy

Big add last quarter — 6.0% of the book.

V F CorpVFCCore · 8q

A core position held 8 quarters running.

Strike-zone picks

None of Glenn Welling's tracked holdings are in the strike zone right now.

Valuation as of 2026-07-02; method: conservative Greenwald value band + Owner-Earnings DCF. Position observation, not advice.

Next · is it cheap

Glenn Welling has no positions in the strike zone right now.

Browse the whole market by value band

Holdings

Security	Value	Valuation	Holders	Shares	Weight (prev→now)
V F CorpVFC	$79.5M	Above value	3	4,678,989	24.5% → 26.2% ▼
Yeti Hldgs IncYETI	$65.3M	Above value	1	1,784,095	22.9% → 21.5% ▼
Blackline IncBL	$50.6M	Above value	1	1,367,619	15.3% → 16.7% ▲
Gxo Logistics IncorporatedGXO	$42.6M	Above value	2	821,769	11.1% → 14.0% ▼
Cognex CorpCGNX	$23.7M	Above value	2	484,000	8.6% → 7.8% ▼
Portillos IncPTLO	$18.2M	—	2	3,442,990	1.8% → 6.0% ▲
Evolent Health IncEVH	$12.7M	—	2	5,563,912	5.7% → 4.2%
Brc IncBRCC	$10.8M	—	1	13,935,560	3.9% → 3.6%

V F CorpVFC
Value$79.5MValuationAbove valueHolders3Weight (prev→now)24.5% → 26.2% ▼
Yeti Hldgs IncYETI
Value$65.3MValuationAbove valueHolders1Weight (prev→now)22.9% → 21.5% ▼
Blackline IncBL
Value$50.6MValuationAbove valueHolders1Weight (prev→now)15.3% → 16.7% ▲
Gxo Logistics IncorporatedGXO
Value$42.6MValuationAbove valueHolders2Weight (prev→now)11.1% → 14.0% ▼
Cognex CorpCGNX
Value$23.7MValuationAbove valueHolders2Weight (prev→now)8.6% → 7.8% ▼
Portillos IncPTLO
Value$18.2MValuation—Holders2Weight (prev→now)1.8% → 6.0% ▲
Evolent Health IncEVH
Value$12.7MValuation—Holders2Weight (prev→now)5.7% → 4.2%
Brc IncBRCC
Value$10.8MValuation—Holders1Weight (prev→now)3.9% → 3.6%

Exited this quarter (1)Freshpet Inc

Sources· SEC EDGAR 13F as of 2026-03-31 · filed 2026-05-15

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