Data as of Q4 2025 (Dec 31, 2025)

Engine Capital Management, LP

โ€ขCIK: 1665590โ€ขFiling: Q4 2025

**Engine Capital Management, LP** manages $724M across a concentrated portfolio of 28 positions. The fund exhibits significant conviction in technology and industrials, highlighted by the top holding in AVTR at $136.7M. Notable allocations include substantial positions in NATL ($98.4M) and UNF ($88.7M). This structure suggests a high-conviction, actively managed approach targeting outsized returns from core sector leaders.

Total AUM
$724.2M
QoQ Performance
-14.0%
Positions
28
Top 10 Concentration
84.8%
Latest Filing
Q4 2025

Top Holdings Allocation

AVTR
NATL
UNF
SUNC
OFIX
NXST
AVTR18.9%
NATL13.6%
UNF12.2%
SUNC9.4%
OFIX8.9%
NXST5.6%
MAGN4.7%
PRKS4.3%

๐Ÿ“ˆ Biggest Buys

UNF
UNIFIRST CORP MASS
+640.5%
12.2% of portfolio
SUNC
SUNOCOCORP LLC
NEW
9.4% of portfolio
PRKS
UNITED PARKS & RESORTS INC
+96.2%
4.3% of portfolio
FOXF
FOX FACTORY HLDG CORP
NEW
1.8% of portfolio
CMP
COMPASS MINERALS INTL INC
NEW
1.0% of portfolio

๐Ÿ“‰ Biggest Sells

AVTR
AVANTOR INC
-39.5%
18.9% of portfolio
K6B
KBR INC
-88.5%
0.7% of portfolio
ACHC
ACADIA HEALTHCARE COMPANY IN
-87.3%
0.6% of portfolio
MAGN
MAGNERA CORP
-17.0%
4.7% of portfolio
IWM
ISHARES TR
-17.5%
1.4% of portfolio

Sector Breakdown

Other100.0%

๐Ÿšช Exited Positionssold since Q3 2025

LNWO
LIGHT & WONDER INC
SOLD
$80.9M
XRAY
DENTSPLY SIRONA INC
SOLD
$1.8M

Changes from Q3 2025

NEW3 new positions
โ†‘4 increased
โ†“7 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023