Glenn W. Welling - Engaged Capital Investment Strategy & Portfolio Analysis
How Engaged Capital allocates capital, manages risk, and constructs its portfolio — based on SEC 13F filings.
As of Mar 31, 2026, Glenn W. Welling's Engaged Capital portfolio reflects a highly concentrated, high-conviction approach across 8 reported 13F positions. Portfolio returns are primarily driven by a small set of high-conviction positions such as V.F., YETI Holdings,, and BlackLine,, with the top five holdings accounting for approximately 86% of total exposure and V.F. alone contributing ~26%. Economic outcomes are highly concentrated in a narrow set of consumer cyclical companies and technology names. Exposure to high-growth and technology-oriented segments is moderate relative to peers, with performance weighted across consumer discretionary and industrials. The portfolio exhibits extremely low turnover, reinforcing a patient, conviction-led investment approach. Distinctive traits include Long-Term Holder, Highly Concentrated, Economically Concentrated.
Investment Style
Value, growth, quality, and behavioral classification from latest 13F holdings.
Primary type: High-Conviction Investor
Traits: Long-Term Holder, Highly Concentrated, Economically Concentrated, Sector-Tilted
Turnover profile
Moderate
Holding horizon
Long-Term
Portfolio Construction
Concentration and position sizing in the latest filing.
Portfolio construction is highly concentrated: top three names represent 64.4% of assets, top five 86.3%, and the largest single position is 26.2%.
Top 3 weight
64.4%
Top 5 weight
86.3%
Top 10 weight
100.0%
Largest position
26.2%
Top holdings: V.F. Corporation, YETI Holdings, Inc., BlackLine, Inc., GXO Logistics, Inc., Cognex Corporation — view full holdings
Sector Preferences
Where capital is allocated by sector.
Capital is tilted toward Consumer Cyclical and Technology, with 5 sectors represented in the latest filing.
Leading sectors: Consumer Cyclical, Technology, Industrials
Risk Framework
Concentration, diversification, and turnover tolerance.
This investor accepts high single-name risk (largest position 26.2%, top ten 100.0%) and low economic diversification (HHI 0.06). Turnover tolerance maps to a moderate profile.
Largest position
26.2%
Top 10 weight
100.0%
Max sector
53.7%
Diversification
Low
Strategy Evolution
How the strategy changed between the two most recent filing periods.
Dec 31, 2025 → Mar 31, 2026
- Position count decreased from 9 to 8 (-1 names).
- Top-five concentration rose from 82.4% to 86.3%.
- Quarter-over-quarter portfolio weight turnover: 10.2%.
For trade-level changes, see the Activity page. View activity.
Similar Investors
Peer group with comparable portfolio behavior.
Similar-investor comparisons are coming soon.