Tensile Capital Management portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Tensile Capital Management reported a $724M portfolio of 22 positions to the SEC as of the end of Q2 2026. Its largest positions are DKS, TYL, LAD. During the quarter it opened Vistance Networks and exited Noble and Cavco Industries.
Sections with a free account
What changed this quarter
22 positions with a change (1 new, 5 added to, 13 trimmed, 3 sold); also, 1 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Tyler Technologies+377%more sharesIncreased2.5% → 9.9%
- Compass+101%more sharesIncreased2.1% → 6.8%
- Valvoline−26%fewer sharesReduced10.1% → 8.5%
- Noble−2.7 ppof portfolioSold out2.8% → —
- Cavco Industries−2.2 ppof portfolioSold out2.3% → —
- Crown Holdings−31%fewer sharesReduced6.2% → 4.6%
- US Foods Holding−18%fewer sharesReduced7.1% → 6.3%
- Cellebrite DI−1.0 ppof portfolioSold out1.0% → —
- Vertex−15%fewer sharesReduced5.8% → 4.6%
- Vistance Networks+0.6 ppof portfolioNew— → 0.6%
- Centuri Holdings−7.8%fewer sharesReduced6.7% → 6.1%
- U-Haul Holding−17%fewer sharesReduced2.4% → 2.5%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- DICK'S Sporting GoodsDKS11.2%
- Tyler TechnologiesTYL9.9%
- Lithia MotorsLAD8.9%
- ValvolineVVV8.5%
- CompassCOMP6.8%
- US Foods HoldingUSFD6.3%
- Centuri HoldingsCTRI6.1%
- Q2 HoldingsQTWO5.8%
- Atlanta Braves HoldingsBATRK5.4%
- WaterBridge InfrastructureWBI5.1%
- Crown HoldingsCCK4.6%
- VertexVERX4.6%
- EquinixEQIX3.5%
- BlackLineBL2.7%
- U-Haul HoldingUHAL/B2.5%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Consumer Discretionary 31%
- ● Information Technology 28%
- ● Real Estate 10%
- ● Industrials 9%
- ● Consumer Staples 6%
- ● Energy 6%
- ● Communication Services 5%
- ● Materials 5%
How its portfolio changed (8 quarters)
Q2 2026: 22
Q2 2026: 74%
Q2 2026: 14.3%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Jul 31, 2026 (high confidence).
The data, as reported: TENSILE CAPITAL MANAGEMENT LP (CRD 164161): 7.B private funds: 2 hedge, 2 pe (gross assets $1.8 bn); 5.D assets by client type: pooled vehicles 100% (of $1.8 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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