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

As of Mar 31, 2025, the Engaged Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 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