Tensile Capital Management LP
Portfolio value QoQ: +3.7% 13F does not disclose cash
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 13.06% Est. buys $92,921,845 · sells $135,314,198
Median holding: 4.0 quarters Tracked Q1 2025–Q2 2026 · 62.9% still held
Sector breakdown
Full portfolio 22 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| DKS | $81,162,598 | 11.21% | 357,844 | $10,205,711 | |||
| TYL | $71,665,276 | 9.90% | 245,043 | $54,075,503 | Up ×1 | ||
| LAD | $64,768,522 | 8.94% | 222,963 | $9,090,202 | |||
| VVV | $61,438,952 | 8.48% | 1,553,843 | $-9,250,080 | Down ×1 | ||
| COMP | $49,472,880 | 6.83% | 4,012,399 | $34,871,893 | Up ×1 | ||
| USFD | $45,607,795 | 6.30% | 446,042 | $-4,281,688 | Down ×2 | ||
| CTRI | $44,363,471 | 6.13% | 1,467,046 | $-2,116,737 | Down ×2 | ||
| QTWO | $41,787,693 | 5.77% | 868,767 | $-298,286 | Down ×1 | ||
| BATRK | $39,126,320 | 5.40% | 753,879 | $6,935,687 | |||
| WBI | $37,098,406 | 5.12% | 1,082,533 | $10,721,669 | Up ×3 | ||
| CCK | $33,564,450 | 4.63% | 300,165 | $-10,060,841 | Down ×2 | ||
| VERX | $33,275,503 | 4.59% | 2,898,563 | $-7,133,411 | Down ×3 | ||
| EQIX | $25,425,977 | 3.51% | 24,392 | $-444,517 | Down ×2 | ||
| BL | $19,504,327 | 2.69% | 694,846 | $-8,274,755 | Down ×3 | ||
| UHALB | $18,268,397 | 2.52% | 316,610 | $1,231,482 | Down ×1 | ||
| SKY | $17,939,734 | 2.48% | 203,583 | $2,237,029 | Down ×3 | ||
| NCNO | $17,275,279 | 2.39% | 1,056,592 | $2,218,252 | Up ×1 | ||
| APPF | $11,705,550 | 1.62% | 73,000 | $3,341,090 | Up ×1 | ||
| HLX | $4,285,021 | 0.59% | 490,277 | $-4,120,945 | Down ×1 | ||
| VISN | $4,031,489 | 0.56% | 315,453 | Up ×1 | |||
| ALIT | $1,799,697 | 0.25% | 3,213,744 | $-391,530 | Down ×1 | ||
| FOXF | $687,509 | 0.09% | 40,573 | $-3,205,479 | Down ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| WBI | $37,098,406 | 5.12% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| VISN | $4,031,489 | 315,453 | 0.56% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| TYL | Bought more | +194K | +$54.1M |
| COMP | Bought more | +2.0M | +$34.9M |
| WBI | Bought more | +98K | +$10.7M |
| DKS | Price move only | +0 | +$10.2M |
| CCK | Trimmed | -135K | -$10.1M |
| VVV | Trimmed | -545K | -$9.3M |
| LAD | Price move only | +0 | +$9.1M |
| BL | Trimmed | -56K | -$8.3M |
| VERX | Trimmed | -500K | -$7.1M |
| BATRK | Price move only | +0 | +$6.9M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| CWAN | June 30, 2026 | 879,674 | $20,804,290 | No longer tracked |
| NE | June 30, 2026 | 399,375 | $19,597,331 | 27.9% |
| CVCO | June 30, 2026 | 33,000 | $15,981,570 | -13.0% |
| CLBT | June 30, 2026 | 525,202 | $7,237,284 | -17.1% |
| PRO | Dec. 31, 2025 | 974,126 | $22,317 | No longer tracked |
| VAL | March 31, 2026 | 339,419 | $17,107 | -0.7% |
| WK | Sept. 30, 2025 | 189,742 | $12,988 | -0.3% |
| OS | March 31, 2026 | 541,070 | $9,945 | No longer tracked |
| ARCB | March 31, 2026 | 81,230 | $6,026 | 29.1% |
| NEOG | Sept. 30, 2025 | 1,015,295 | $4,853 | 113.5% |
| ASO | March 31, 2026 | 75,039 | $3,749 | 6.9% |
| UHAL | March 31, 2026 | 35,000 | $1,764 | 16.5% |
| RUSHA | Dec. 31, 2025 | 26,454 | $1,414 | 25.0% |