Tensile Capital Management LLC

Hedge Fund • Value

Tensile Capital Management LLC is a Value-focused Hedge Fund based in New York, NY led by Arthur Chiakai Young, reporting $2.0B in AUM as of Q3 2025 with 39% Technology concentration and 76% concentrated in top 10 holdings.

Managing PartnerArthur Chiakai Young

Portfolio Value: $800.4M
Positions: 22
Top Holding: VERX at 11.78%
Last Reported: Q3 2025

Address375 Park Avenue, New York, NY, 10152, United States

Top Holdings

Largest long holdings in Tensile Capital Management LLC's portfolio (76.1% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Vertex, Inc. VERX	Software - Application Technology	$94.3M	11.78%	+$4.0M Bought	2.39% 3.8M shares	Q3 2020 Held for 5y 2m
2 Dick's Sporting Goods DKS	Specialty Retail Consumer Cyclical	$79.5M	9.94%	-$5.6M Sold	0.40% 357.8K shares	Q2 2017 Held for 8y 5m
3 Valvoline VVV	Oil & Gas Refining & Marketing Energy	$74.7M	9.33%	+$1.4M Bought	1.64% 2.1M shares	Q1 2017 Held for 8y 8m
4 Lithia Motors LAD	Auto - Dealerships Consumer Cyclical	$74.4M	9.30%	+$3.8M Bought	0.92% 235.5K shares	Q1 2019 Held for 6y 8m
5 US Foods USFD	Food Distribution Consumer Defensive	$58.5M	7.31%	-$2.7M Sold	0.34% 764.0K shares	Q2 2023 Held for 2y 5m
6 Q2 Holdings QTWO	Software - Application Technology	$56.4M	7.05%	—	1.25% 779.8K shares	Q2 2023 Held for 2y 5m
7 Crown Holdings CCK	Packaging & Containers Consumer Cyclical	$51.5M	6.43%	-$1.2M Sold	0.46% 533.2K shares	Q3 2018 Held for 7y 2m
8 Clearwater Analytics CWAN	Software - Application Technology	$45.5M	5.68%	+$21.0M Bought	0.86% 2.5M shares	Q2 2025 Held for 5 months
9 BlackLine BL	Software - Application Technology	$43.2M	5.39%	+$63.7K Bought	1.31% 812.7K shares	Q4 2022 Held for 2y 11m
10 Atlanta Braves Holdings, Inc. BATRK	Entertainment Communication Services	$31.4M	3.92%	—	1.20% 753.9K shares	Q3 2023 Held for 2y 2m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Tensile Capital Management LLC's latest filing

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Market Value

$800.4M

Prior: $828.5M

Q/Q Change

-3.39%

-$28.1M

Net Flows % of MV

+5.96%

Turnover Ratio

8.86%

New Purchases

3 stocks

$48.3M

Added To

9 stocks

+$46.5M

Sold Out Of

2 stocks

$17.8M

Reduced Holdings

7 stocks

-$29.2M

Increased Positions

Position	Shares Δ	Change
1 Skyline Champion SKY	New	0 → 308.2K +$23.5M
2 Centuri Holdings CTRI	New	0 → 812.1K +$17.2M
3 WBI WaterBridge Infrastructure LLC WBI	New	0 → 300.0K +$7.6M
4 Noble Corporation NE	+201.74%	150.0K → 452.6K +$8.6M
5 Clearwater Analytics CWAN	+85.91%	1.4M → 2.5M +$21.0M

Decreased Positions

Position	Shares Δ	Change
1 Workiva WK	Sold	189.7K → 0 −$13.0M
2 Neogen NEOG	Sold	1.0M → 0 −$4.9M
3 nCino, Inc. NCNO	-33.25%	1.4M → 901.5K −$12.2M
4 Academy Sports and Outdoors ASO	-31.59%	284.9K → 194.9K −$4.5M
5 Rush Enterprises RUSHA	-23.0%	34.4K → 26.5K −$422.4K