Glenn W. Welling - Engaged Capital 13F Activity & Position Changes (Q1 2023)

According to the SEC 13F filed on May 15, 2023, the Engaged Capital portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2023. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2023, the filing reported:

New Buys - Freshpet, Inc., Shake Shack, Inc.

Increases - iShares Russell 2000 ETF, SunOpta, Inc., Upbound Group, Inc.

Reductions - Evolent Health, Inc

Complete Exits - BellRing Brands, Inc.

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2023	BRBR BellRing Brands, Inc.	BellRing Brands, Inc.	Sell - Position Exit	-1,561,083	-100.0%	$0.00	-
Q1 2023	EVH Evolent Health, Inc	Evolent Health, Inc	Sell	-572,588	-20.6%	$71.83M	2,213,454
Q1 2023	FRPT Freshpet, Inc.	Freshpet, Inc.	Buy - Position Entry	+306,716	-	$20.30M	306,716
Q1 2023	IWM iShares Russell 2000 ETF	iShares Russell 2000 ETF	Buy	+11,000	+58.5%	$5.32M	29,800
Q1 2023	SHAK Shake Shack, Inc.	Shake Shack, Inc.	Buy - Position Entry	+1,717,943	-	$95.33M	1,717,943
Q1 2023	STKL SunOpta, Inc.	SunOpta, Inc.	Buy	+4,844,757	+452.5%	$45.55M	5,915,435
Q1 2023	UPBD Upbound Group, Inc.	Upbound Group, Inc.	Buy	+253,700	+7.0%	$94.56M	3,857,916