Engaged Capital, Llc
- Regulatory AUM
- $432M
- Discretionary
- $432M
- Clients
- 8
- Avg AUM / client
- $54.0M
- Accounts
- 8
- Employees
- 11
AUM over time
Annual snapshots from Form ADV filings · as of Feb 18, 2026
Investments (13F portfolio — 8 positions, $303,413,763)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | V F Corp | COM | $79,496,023 | 4,678,989 | 26.2% | 18.4% |
| 2 | Yeti Hldgs Inc | COM | $65,280,036 | 1,784,095 | 21.5% | 15.1% |
| 3 | Blackline Inc | COM | $50,601,903 | 1,367,619 | 16.7% | 11.7% |
| 4 | Gxo Logistics Incorporated | COMMON STOCK | $42,608,723 | 821,769 | 14.0% | 9.86% |
| 5 | Cognex Corp | COM | $23,711,160 | 484,000 | 7.81% | 5.48% |
| 6 | Portillos Inc | COM CL A | $18,213,417 | 3,442,990 | 6.0% | 4.21% |
| 7 | Evolent Health Inc | CL A | $12,685,719 | 5,563,912 | 4.18% | 2.93% |
| 8 | Brc Inc | COM CL A | $10,816,782 | 13,935,560 | 3.57% | 2.5% |
Top 25 of 8 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 8 | $432M | 100.0% |
Private funds (6)
Reported in Form ADV Section 7.B.(1), filing of Jul 2024 · $753M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Engaged Capital Flagship Master Fund, Lp master | Hedge Fund | Cayman Islands | $602M | 117 |
| Engaged Capital Co Invest Xiv, Lp | Private Equity Fund | Delaware | $61.1M | 23 |
| Engaged Capital Co Invest Xvi, Lp | Private Equity Fund | Delaware | $33.8M | 23 |
| Engaged Capital Co Invest V B, Lp | Private Equity Fund | Delaware | $30.7M | 12 |
| Engaged Capital Co Invest Xv, Lp | Private Equity Fund | Delaware | $22.6M | 15 |
| Engaged Capital Co Invest Xvi A, Lp | Private Equity Fund | Delaware | $2.5M | 1 |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Welling, Glenn, William | Chief Investment Officer | Feb 2012 (15y) | ≈ 25% – 56.25% via Engaged Capital Holdings, Llc | |
| Hetrick, Christopher, Bayer | Member, Director Research | Oct 2012 (14y) | 10% – 25% | |
| Gray, Richard, Todd | Member, Chief Client Officer | Mar 2014 (12y) | 5% – 10% | |
| Demarest, David, Earl | Member, Chief Operating Officer | Oct 2014 (12y) | Less than 5% | |
| Jung, Andrew, Inchun | Member, Chief Financial Officer | Jan 2020 (7y) | Less than 5% | |
| Kempf, Kenneth, C | Member, Senior Analyst | Apr 2021 (5y) | 5% – 10% | |
| Ailey, Asher, Kamali | General Counsel, Chief Compliance Officer | Jul 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Engaged Capital Holdings, Llc | Managing Member | Oct 2012 | A | 50% – 75% |
Undisclosed: 0% – 30% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Welling, Glenn, William: 50% – 75% of Engaged Capital Holdings, Llc × 50% – 75% direct ≈ 25% – 56.25% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (6, $753M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Engaged Capital Flagship Master Fund, Lp | Hedge Fund | $602M | $1.0M | 117 |
| Engaged Capital Co Invest Xiv, Lp | Private Equity Fund | $61.1M | $1.0M | 23 |
| Engaged Capital Co Invest Xvi, Lp | Private Equity Fund | $33.8M | $1.0M | 23 |
| Engaged Capital Co Invest V B, Lp | Private Equity Fund | $30.7M | $1.0M | 12 |
| Engaged Capital Co Invest Xv, Lp | Private Equity Fund | $22.6M | $1.0M | 15 |
| Engaged Capital Co Invest Xvi A, Lp | Private Equity Fund | $2.5M | $1.0M | 1 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 02/18/2026 | 2.3 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Reported custodians
- Banque Pictet & Cie Sa $41.4M (6% of AUM) Jun 2023
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Feb 18, 2026.
View current Form ADV (SEC/IAPD) ↗