Tensile Capital Management LP
Tensile Capital Management LP reported 22 US-listed holdings worth $724.3 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Dick's Sporting Goods, Inc. (11.2%), Tyler Technologies Inc. (9.9%) and Lithia Motors Inc. (8.9%). Against the quarter before, it opened 1 position, added to 5, trimmed 13 and sold out of 4.
The 14 largest of its 22 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned -7.4% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 1
- Commscope Hldg Co. Inc. VISN$4.0 million
Added to 5
- Tyler Technologies Inc. TYL+193,668 shares · +377%
- Compass Inc. COMP+2.0 million shares · +101%
- Waterbridge Infrastructure L WBI+97,959 shares · +10%
- Appfolio Inc. APPF+20,000 shares · +38%
- Ncino Inc. NCNO+51,450 shares · +5%
Trimmed 13
- Valvoline Inc. VVV-545,000 shares · -26%
- Crown Holdings, Inc. CCK-135,000 shares · -31%
- US Foods Holding Corp. USFD-95,000 shares · -18%
- Vertex Inc. VERX-500,000 shares · -15%
- Centuri Holdings Inc. CTRI-124,197 shares · -8%
- U Haul Holding Company UHALB-64,785 shares · -17%
- Fox Factory Holding Corp. FOXF-195,939 shares · -83%
- Helix Energy Solutions GRP I HOS-359,669 shares · -42%
and 5 more in the table below
Sold out of 4
- Clearwater Analytics Hldgs I CWAN$20.8 million last quarter
- Noble Corp. plc NE$19.6 million last quarter
- Cavco Industries, Inc. CVCO$16.0 million last quarter
- Cellebrite Di Ltd CLBT$7.2 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Dick's Sporting Goods, Inc. DKS | 357.8K | $81.2 million | 11.21% | no change |
| Tyler Technologies Inc. TYL | 245.0K | $71.7 million | 9.90% | +193.7K |
| Lithia Motors Inc. LAD | 223.0K | $64.8 million | 8.94% | no change |
| Valvoline Inc. VVV | 1.6M | $61.4 million | 8.48% | -545.0K |
| Compass Inc. COMP | 4.0M | $49.5 million | 6.83% | +2.0M |
| US Foods Holding Corp. USFD | 446.0K | $45.6 million | 6.30% | -95.0K |
| Centuri Holdings Inc. CTRI | 1.5M | $44.4 million | 6.13% | -124.2K |
| Q2 Holdings, Inc. QTWO | 868.8K | $41.8 million | 5.77% | -21.0K |
| Atlanta Braves Holdings Inc BATRK | 753.9K | $39.1 million | 5.40% | no change |
| Waterbridge Infrastructure L WBI | 1.1M | $37.1 million | 5.12% | +98.0K |
| Crown Holdings, Inc. CCK | 300.2K | $33.6 million | 4.63% | -135.0K |
| Vertex Inc. VERX | 2.9M | $33.3 million | 4.59% | -500.0K |
| Equinix Inc. EQIX | 24.4K | $25.4 million | 3.51% | -2.0K |
| Blackline, Inc. BL | 694.8K | $19.5 million | 2.69% | -55.9K |
| U Haul Holding Company UHALB | 316.6K | $18.3 million | 2.52% | -64.8K |
| Champion Homes, Inc. SKY | 203.6K | $17.9 million | 2.48% | -7.6K |
| Ncino Inc. NCNO | 1.1M | $17.3 million | 2.39% | +51.5K |
| Appfolio Inc. APPF | 73.0K | $11.7 million | 1.62% | +20.0K |
| Helix Energy Solutions GRP I HOS | 490.3K | $4.3 million | 0.59% | -359.7K |
| Commscope Hldg Co. Inc. VISN | 315.5K | $4.0 million | 0.56% | new |
| Alight Inc. ALIT | 3.2M | $1.8 million | 0.25% | -546.7K |
| Fox Factory Holding Corp. FOXF | 40.6K | $687,509 | 0.09% | -195.9K |