Glenn W. Welling - Engaged Capital 13F Activity & Position Changes (Q2 2025)

As of Jun 30, 2025, the Engaged Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 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 Q2 2025, the filing reported:

New Buys - Freshpet, Inc.

Increases - Evolent Health, Inc, YETI Holdings, Inc.

Reductions - GXO Logistics, Inc., Portillo's Inc., V.F. Corporation

Complete Exits - Chart Industries, Inc., NCR Atleos Corporation, NCR Voyix Corporation

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
Q2 2025	EVH Evolent Health, Inc	Evolent Health, Inc	Buy	+675,000	+13.0%	$65.92M	5,854,468
Q2 2025	FRPT Freshpet, Inc.	Freshpet, Inc.	Buy - Position Entry	+619,130	-	$42.08M	619,130
Q2 2025	GTLS Chart Industries, Inc.	Chart Industries, Inc.	Sell - Position Exit	-368,996	-100.0%	$0.00	-
Q2 2025	GXO GXO Logistics, Inc.	GXO Logistics, Inc.	Sell	-15,000	-1.6%	$43.68M	897,000
Q2 2025	NATL NCR Atleos Corporation	NCR Atleos Corporation	Sell - Position Exit	-774,261	-100.0%	$0.00	-
Q2 2025	PTLO Portillo's Inc.	Portillo's Inc.	Sell	-647,860	-11.8%	$56.39M	4,831,911
Q2 2025	VFC V.F. Corporation	V.F. Corporation	Sell	-67,000	-1.2%	$63.65M	5,417,368
Q2 2025	VYX NCR Voyix Corporation	NCR Voyix Corporation	Sell - Position Exit	-431,679	-100.0%	$0.00	-
Q2 2025	YETI YETI Holdings, Inc.	YETI Holdings, Inc.	Buy	+619,000	+40.1%	$68.16M	2,162,518