Tensile Capital Management LP Long-Term Concentrated

Location: Larkspur, CA

CIK: 0001598843 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value: $800M (100.0% shares, 0.0% debt)

Holdings (22)

VERX VERTEX INC 11.8%

Value $94.31M Shares 3,804,409 Share Price $24.79 * Est. Cost/Share $15.06 Unrealized @ Report Date +92.3%

DKS DICKS SPORTING GOODS 9.9%

Value $79.52M Shares 357,844 Share Price $222.22 * Est. Cost/Share $47.97 Unrealized @ Report Date +349.4%

VVV VALVOLINE INC 9.3%

Value $74.65M Shares 2,078,843 Share Price $35.91 * Est. Cost/Share $27.00 Unrealized @ Report Date +41.4%

LAD LITHIA MTRS INC 9.3%

Value $74.43M Shares 235,527 Share Price $316.00 * Est. Cost/Share $175.98 Unrealized @ Report Date +83.3%

USFD US FOODS HLDG CORP 7.3%

Value $58.54M Shares 764,042 Share Price $76.62 * Est. Cost/Share $41.09 Unrealized @ Report Date +93.5%

QTWO Q2 HOLDINGS INC 7.1%

Value $56.45M Shares 779,767 Share Price $72.39 * Est. Cost/Share $31.39 Unrealized @ Report Date +161.7%

CCK CROWN HOLDINGS INC COM STK 6.4%

Value $51.5M Shares 533,165 Share Price $96.59 * Est. Cost/Share $61.22 Unrealized @ Report Date +63.3%

CWAN CLEARWATER ANALYTICS HLDGS I 5.7%

Value $45.49M Shares 2,524,672 Share Price $18.02 * Est. Cost/Share $21.74 Unrealized @ Report Date -6.8%

BL BLACKLINE INC 5.4%

Value $43.15M Shares 812,685 Share Price $53.10 Est. Cost/Share $57.41 Unrealized @ Report Date -5.9%

BATRK ATLANTA BRAVES HOLDINGS INC 3.9%

Value $31.36M Shares 753,907 Share Price $41.59 * Est. Cost/Share $37.85 Unrealized @ Report Date +16.6%

NCNO NCINO INC 3.1%

Value $24.44M Shares 901,539 Share Price $27.11 * Est. Cost/Share $30.79 Unrealized @ Report Date -5.1%

SKY CHAMPION HOMES INC 2.9%

Value $23.53M Shares 308,162 Share Price $76.37 * Est. Cost/Share $70.62 Unrealized @ Report Date 0.0%

ALIT ALIGHT INC. 2.8%

Value $22.65M Shares 6,948,894 Share Price $3.26 * Est. Cost/Share $8.48 Unrealized @ Report Date -49.2%

— PRO HOLDINGS INC 2.8%

Value $22.32M Shares 974,126 Share Price $22.91 Est. Cost/Share $21.61 Unrealized @ Report Date —

EQIX EQUINIX INC 2.7%

Value $21.85M Shares 27,892 Share Price $783.24 Est. Cost/Share $507.08 Unrealized @ Report Date +52.7%

VAL VALARIS LTD 2.4%

Value $18.99M Shares 389,419 Share Price $48.77 Est. Cost/Share $42.87 Unrealized @ Report Date +13.8%

CTRI CENTURI HOLDINGS INC 2.1%

Value $17.19M Shares 812,088 Share Price $21.17 Est. Cost/Share $21.22 Unrealized @ Report Date 0.0%

NE NOBLE CORP PLC 1.6%

Value $12.8M Shares 452,611 Share Price $28.28 * Est. Cost/Share $26.02 Unrealized @ Report Date +5.9%

ASO ACADEMY SPORTS & OUTDOORS 1.2%

Value $9.748M Shares 194,875 Share Price $50.02 Est. Cost/Share $39.74 Unrealized @ Report Date +27.9%

HLX HELIX ENERGY SOLUTIONS GRP I 1.1%

Value $8.469M Shares 1,290,959 Share Price $6.56 * Est. Cost/Share $7.65 Unrealized @ Report Date -17.7%

WBI WATERBRIDGE INFRASTRUCTURE L 0.9%

Value $7.566M Shares 300,000 Share Price $25.22 * Est. Cost/Share $23.45 Unrealized @ Report Date 0.0%

RUSHA RUSH ENTERPRISES INC 0.2%

Value $1.414M Shares 26,454 Share Price $53.45 * Est. Cost/Share $49.60 Unrealized @ Report Date +12.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VERX	VERTEX INC	3,804,409	$94.31M	11.8%	$24.79 *	$15.06	+92.3%	CL A	92538J106
DKS	DICKS SPORTING GOODS	357,844	$79.52M	9.9%	$222.22 *	$47.97	+349.4%	COM	253393102
VVV	VALVOLINE INC	2,078,843	$74.65M	9.3%	$35.91 *	$27.00	+41.4%	COM	92047W101
LAD	LITHIA MTRS INC	235,527	$74.43M	9.3%	$316.00 *	$175.98	+83.3%	COM	536797103
USFD	US FOODS HLDG CORP	764,042	$58.54M	7.3%	$76.62 *	$41.09	+93.5%	COM	912008109
QTWO	Q2 HOLDINGS INC	779,767	$56.45M	7.1%	$72.39 *	$31.39	+161.7%	COM	74736L109
CCK	CROWN HOLDINGS INC COM STK	533,165	$51.5M	6.4%	$96.59 *	$61.22	+63.3%	COM	228368106
CWAN	CLEARWATER ANALYTICS HLDGS I	2,524,672	$45.49M	5.7%	$18.02 *	$21.74	-6.8%	CL A	185123106
BL	BLACKLINE INC	812,685	$43.15M	5.4%	$53.10	$57.41	-5.9%	COM	09239B109
BATRK	ATLANTA BRAVES HOLDINGS INC	753,907	$31.36M	3.9%	$41.59 *	$37.85	+16.6%	COM C	047726302
NCNO	NCINO INC	901,539	$24.44M	3.1%	$27.11 *	$30.79	-5.1%	COM	63947X101
SKY	CHAMPION HOMES INC	308,162	$23.53M	2.9%	$76.37 *	$70.62	0.0%	COM	830830105
ALIT	ALIGHT INC.	6,948,894	$22.65M	2.8%	$3.26 *	$8.48	-49.2%	COM CL A	01626W101
—	PRO HOLDINGS INC	974,126	$22.32M	2.8%	$22.91	$21.61	—	COM	74346Y103
EQIX	EQUINIX INC	27,892	$21.85M	2.7%	$783.24	$507.08	+52.7%	COM	29444U700
VAL	VALARIS LTD	389,419	$18.99M	2.4%	$48.77	$42.87	+13.8%	CL A	G9460G101
CTRI	CENTURI HOLDINGS INC	812,088	$17.19M	2.1%	$21.17	$21.22	0.0%	COM SHS	155923105
NE	NOBLE CORP PLC	452,611	$12.8M	1.6%	$28.28 *	$26.02	+5.9%	ORD SHS A	G65431127
ASO	ACADEMY SPORTS & OUTDOORS	194,875	$9.748M	1.2%	$50.02	$39.74	+27.9%	COM	00402L107
HLX	HELIX ENERGY SOLUTIONS GRP I	1,290,959	$8.469M	1.1%	$6.56 *	$7.65	-17.7%	COM	42330P107
WBI	WATERBRIDGE INFRASTRUCTURE L	300,000	$7.566M	0.9%	$25.22 *	$23.45	0.0%	CL A SHS REPSTG	940923105
RUSHA	RUSH ENTERPRISES INC	26,454	$1.414M	0.2%	$53.45 *	$49.60	+12.2%	CL A	781846209