Tensile Capital Management LP Long-Term Concentrated

Location: Larkspur, CA

CIK: 0001598843 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 14, 2025

Total Value: $828M (100.0% shares, 0.0% debt)

Holdings (21)

VERX VERTEX INC 15.5%

Value $129M Shares 3,643,850 Share Price $35.33 * Est. Cost/Share $14.45 Unrealized @ Report Date +163.3%

VVV VALVOLINE INC 9.3%

Value $77.26M Shares 2,040,179 Share Price $37.87 * Est. Cost/Share $26.78 Unrealized @ Report Date +30.5%

DKS DICKS SPORTING GOODS 9.1%

Value $75.73M Shares 382,844 Share Price $197.81 * Est. Cost/Share $47.97 Unrealized @ Report Date +280.1%

LAD LITHIA MTRS INC 9.1%

Value $75.51M Shares 223,527 Share Price $337.82 * Est. Cost/Share $168.11 Unrealized @ Report Date +84.0%

QTWO Q2 HOLDINGS INC 8.8%

Value $72.98M Shares 779,767 Share Price $93.59 * Est. Cost/Share $31.39 Unrealized @ Report Date +168.8%

USFD US FOODS HLDG CORP 7.4%

Value $61.53M Shares 799,042 Share Price $77.01 * Est. Cost/Share $41.09 Unrealized @ Report Date +73.6%

CCK CROWN HOLDINGS INC COM STK 6.8%

Value $56.17M Shares 545,430 Share Price $102.98 * Est. Cost/Share $61.22 Unrealized @ Report Date +54.6%

BL BLACKLINE INC 5.5%

Value $45.95M Shares 811,485 Share Price $56.62 * Est. Cost/Share $57.41 Unrealized @ Report Date -10.0%

NCNO NCINO INC 4.6%

Value $37.78M Shares 1,350,704 Share Price $27.97 * Est. Cost/Share $30.79 Unrealized @ Report Date -18.9%

BATRK ATLANTA BRAVES HOLDINGS INC 4.3%

Value $35.26M Shares 753,907 Share Price $46.77 * Est. Cost/Share $37.85 Unrealized @ Report Date +8.0%

ALIT ALIGHT INC. 4.2%

Value $35.15M Shares 6,210,676 Share Price $5.66 * Est. Cost/Share $8.97 Unrealized @ Report Date -42.3%

CWAN CLEARWATER ANALYTICS HLDGS I 3.6%

Value $29.78M Shares 1,357,990 Share Price $21.93 * Est. Cost/Share $23.01 Unrealized @ Report Date 0.0%

EQIX EQUINIX INC 2.7%

Value $22.19M Shares 27,892 Share Price $795.46 * Est. Cost/Share $507.08 Unrealized @ Report Date +64.8%

VAL VALARIS LTD 2.3%

Value $18.74M Shares 445,000 Share Price $42.11 * Est. Cost/Share $42.87 Unrealized @ Report Date -12.2%

WK WORKIVA INC 1.6%

Value $12.99M Shares 189,742 Share Price $68.45 Est. Cost/Share $80.87 Unrealized @ Report Date -15.0%

ASO ACADEMY SPORTS & OUTDOORS 1.5%

Value $12.77M Shares 284,875 Share Price $44.81 * Est. Cost/Share $39.74 Unrealized @ Report Date +3.5%

— PRO HOLDINGS INC 1.5%

Value $12.53M Shares 800,136 Share Price $15.66 Est. Cost/Share $21.33 Unrealized @ Report Date —

HLX HELIX ENERGY SOLUTIONS GRP I 0.8%

Value $6.808M Shares 1,090,959 Share Price $6.24 * Est. Cost/Share $7.90 Unrealized @ Report Date -16.1%

NEOG NEOGEN CORP 0.6%

Value $4.853M Shares 1,015,295 Share Price $4.78 * Est. Cost/Share $5.74 Unrealized @ Report Date 0.0%

NE NOBLE CORP PLC 0.5%

Value $3.983M Shares 150,000 Share Price $26.55 * Est. Cost/Share $22.94 Unrealized @ Report Date 0.0%

RUSHA RUSH ENTERPRISES INC 0.2%

Value $1.77M Shares 34,354 Share Price $51.52 Est. Cost/Share $49.60 Unrealized @ Report Date +2.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VERX	VERTEX INC	3,643,850	$129M	15.5%	$35.33 *	$14.45	+163.3%	CL A	92538J106
VVV	VALVOLINE INC	2,040,179	$77.26M	9.3%	$37.87 *	$26.78	+30.5%	COM	92047W101
DKS	DICKS SPORTING GOODS	382,844	$75.73M	9.1%	$197.81 *	$47.97	+280.1%	COM	253393102
LAD	LITHIA MTRS INC	223,527	$75.51M	9.1%	$337.82 *	$168.11	+84.0%	COM	536797103
QTWO	Q2 HOLDINGS INC	779,767	$72.98M	8.8%	$93.59 *	$31.39	+168.8%	COM	74736L109
USFD	US FOODS HLDG CORP	799,042	$61.53M	7.4%	$77.01 *	$41.09	+73.6%	COM	912008109
CCK	CROWN HOLDINGS INC COM STK	545,430	$56.17M	6.8%	$102.98 *	$61.22	+54.6%	COM	228368106
BL	BLACKLINE INC	811,485	$45.95M	5.5%	$56.62 *	$57.41	-10.0%	COM	09239B109
NCNO	NCINO INC	1,350,704	$37.78M	4.6%	$27.97 *	$30.79	-18.9%	COM	63947X101
BATRK	ATLANTA BRAVES HOLDINGS INC	753,907	$35.26M	4.3%	$46.77 *	$37.85	+8.0%	COM C	047726302
ALIT	ALIGHT INC.	6,210,676	$35.15M	4.2%	$5.66 *	$8.97	-42.3%	COM CL A	01626W101
CWAN	CLEARWATER ANALYTICS HLDGS I	1,357,990	$29.78M	3.6%	$21.93 *	$23.01	0.0%	CL A	185123106
EQIX	EQUINIX INC	27,892	$22.19M	2.7%	$795.46 *	$507.08	+64.8%	COM	29444U700
VAL	VALARIS LTD	445,000	$18.74M	2.3%	$42.11 *	$42.87	-12.2%	CL A	G9460G101
WK	WORKIVA INC	189,742	$12.99M	1.6%	$68.45	$80.87	-15.0%	COM	98139A105
ASO	ACADEMY SPORTS & OUTDOORS	284,875	$12.77M	1.5%	$44.81 *	$39.74	+3.5%	COM	00402L107
—	PRO HOLDINGS INC	800,136	$12.53M	1.5%	$15.66	$21.33	—	COM	74346Y103
HLX	HELIX ENERGY SOLUTIONS GRP I	1,090,959	$6.808M	0.8%	$6.24 *	$7.90	-16.1%	COM	42330P107
NEOG	NEOGEN CORP	1,015,295	$4.853M	0.6%	$4.78 *	$5.74	0.0%	COM	640491106
NE	NOBLE CORP PLC	150,000	$3.983M	0.5%	$26.55 *	$22.94	0.0%	ORD SHS A	G65431127
RUSHA	RUSH ENTERPRISES INC	34,354	$1.77M	0.2%	$51.52	$49.60	+2.4%	CL A	781846209