# Tensile Capital Management LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1598843. Source: https://holderbook.com/funds/1598843-tensile-capital-management-lp/

- Reported value: $724.3M
- Positions: 22
- Weight of the ten largest: 74.1%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| DICKS SPORTING GOODS INC | [DKS](https://holderbook.com/stocks/DKS/) | $81.2M | 357,844 | 11.2% | 31 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $71.7M | 245,043 | 9.9% | 2 |
| LITHIA MTRS INC | [LAD](https://holderbook.com/stocks/LAD/) | $64.8M | 222,963 | 8.9% | 30 |
| VALVOLINE INC | [VVV](https://holderbook.com/stocks/VVV/) | $61.4M | 1,553,843 | 8.5% | 31 |
| COMPASS INC | [COMP](https://holderbook.com/stocks/COMP/) | $49.5M | 4,012,399 | 6.8% | 2 |
| US FOODS HLDG CORP | [USFD](https://holderbook.com/stocks/USFD/) | $45.6M | 446,042 | 6.3% | 13 |
| CENTURI HOLDINGS INC | [CTRI](https://holderbook.com/stocks/CTRI/) | $44.4M | 1,467,046 | 6.1% | 4 |
| Q2 HLDGS INC | [QTWO](https://holderbook.com/stocks/QTWO/) | $41.8M | 868,767 | 5.8% | 13 |
| ATLANTA BRAVES HLDGS INC | [BATRK](https://holderbook.com/stocks/BATRK/) | $39.1M | 753,879 | 5.4% | 12 |
| WATERBRIDGE INFRASTRUCTURE L | [WBI](https://holderbook.com/stocks/WBI/) | $37.1M | 1,082,533 | 5.1% | 4 |
| CROWN HLDGS INC | [CCK](https://holderbook.com/stocks/CCK/) | $33.6M | 300,165 | 4.6% | 31 |
| VERTEX INC | [VERX](https://holderbook.com/stocks/VERX/) | $33.3M | 2,898,563 | 4.6% | 24 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $25.4M | 24,392 | 3.5% | 31 |
| BLACKLINE INC | [BL](https://holderbook.com/stocks/BL/) | $19.5M | 694,846 | 2.7% | 15 |
| U HAUL HOLDING COMPANY | [UHALB](https://holderbook.com/stocks/UHALB/) | $18.3M | 316,610 | 2.5% | 3 |
| CHAMPION HOMES INC | [SKY](https://holderbook.com/stocks/SKY/) | $17.9M | 203,583 | 2.5% | 4 |
| NCINO INC | [NCNO](https://holderbook.com/stocks/NCNO/) | $17.3M | 1,056,592 | 2.4% | 13 |
| APPFOLIO INC | [APPF](https://holderbook.com/stocks/APPF/) | $11.7M | 73,000 | 1.6% | 2 |
| HELIX ENERGY SOLUTIONS GRP I | [HLX](https://holderbook.com/stocks/HLX/) | $4.3M | 490,277 | 0.6% | 6 |
| VISTANCE NETWORKS INC | [VISN](https://holderbook.com/stocks/VISN/) | $4.0M | 315,453 | 0.6% | 1 |
| ALIGHT INC | [ALIT](https://holderbook.com/stocks/ALIT/) | $1.8M | 3,213,744 | 0.2% | 19 |
| FOX FACTORY HLDG CORP | [FOXF](https://holderbook.com/stocks/FOXF/) | $687.5K | 40,573 | 0.1% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.1% | +14.8% | -4.8% | 97% |
| Q1 2026 | -2.8% | -4.6% | +1.8% | 100% |
| Q4 2025 | -3.3% | +2.4% | -5.7% | 97% |
| Q3 2025 | -8.6% | +7.8% | -16.5% | 100% |
| Q2 2025 | +6.7% | +10.5% | -3.8% | 100% |
| Q1 2025 | -16.3% | -4.6% | -11.8% | 100% |
| Q4 2024 | +10.9% | +2.1% | +8.8% | 100% |
| Q3 2024 | +10.1% | +5.4% | +4.7% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $724.3M | 22 |
| Q1 2026 | $698.5M | 25 |
| Q4 2025 | $772.0M | 24 |
| Q3 2025 | $800.4M | 22 |
| Q2 2025 | $828.5M | 21 |
| Q1 2025 | $783.8M | 18 |
| Q4 2024 | $962.5M | 17 |
| Q3 2024 | $924.9M | 17 |
| Q2 2024 | $906.9M | 20 |
| Q1 2024 | $913.7M | 19 |
| Q4 2023 | $855.2M | 18 |
| Q3 2023 | $795.2M | 17 |