Glenn W. Welling - Engaged Capital 13F Activity & Position Changes (Q1 2025)

According to the SEC 13F filed on May 15, 2025, the Engaged Capital portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2025. 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 2025, the filing reported:

New Buys - GXO Logistics, Inc., YETI Holdings, Inc.

Increases - Chart Industries, Inc., V.F. Corporation

Reductions - Evolent Health, Inc, NCR Atleos Corporation, Portillo's Inc., NCR Voyix Corporation

Complete Exits - PRA Group, 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 2025	EVH Evolent Health, Inc	Evolent Health, Inc	Sell	-225,300	-4.2%	$49.05M	5,179,468
Q1 2025	GTLS Chart Industries, Inc.	Chart Industries, Inc.	Buy	+144,200	+64.1%	$53.27M	368,996
Q1 2025	GXO GXO Logistics, Inc.	GXO Logistics, Inc.	Buy - Position Entry	+912,000	-	$35.64M	912,000
Q1 2025	NATL NCR Atleos Corporation	NCR Atleos Corporation	Sell	-1,431,780	-64.9%	$20.43M	774,261
Q1 2025	PRAA PRA Group, Inc.	PRA Group, Inc.	Sell - Position Exit	-619,945	-100.0%	$0.00	-
Q1 2025	PTLO Portillo's Inc.	Portillo's Inc.	Sell	-635,185	-10.4%	$65.15M	5,479,771
Q1 2025	VFC V.F. Corporation	V.F. Corporation	Buy	+143,000	+2.7%	$85.12M	5,484,368
Q1 2025	VYX NCR Voyix Corporation	NCR Voyix Corporation	Sell	-5,339,354	-92.5%	$4.21M	431,679
Q1 2025	YETI YETI Holdings, Inc.	YETI Holdings, Inc.	Buy - Position Entry	+1,543,518	-	$51.09M	1,543,518