Engine Capital Management, L.P. 13F annual report
Engine Capital Management, L.P. is an investment fund managing more than $495 billion ran by Marc Diagonale. There are currently 39 companies in Mr. Diagonale’s portfolio. The largest investments include RTX Corp and MRC Global Inc, together worth $121 billion.
$495 billion Assets Under Management (AUM)
As of 8th May 2024, Engine Capital Management, L.P.’s top holding is 766,900 shares of RTX Corp currently worth over $74.8 billion and making up 15.1% of the portfolio value.
Relative to the number of outstanding shares of RTX Corp, Engine Capital Management, L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 3,663,408 shares of MRC Global Inc worth $46 billion, whose value grew 29.3% in the past six months.
The third-largest holding is Orthofix Medical Inc.cmn worth $44.1 billion and the next is Laureate Education Inc-a worth $41.1 billion, with 2,823,255 shares owned.
Currently, Engine Capital Management, L.P.'s portfolio is worth at least $495 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Engine Capital Management, L.P.
The Engine Capital Management, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Marc Diagonale serves as the Chief Financial Officer / Chief Compliance Officer at Engine Capital Management, L.P..
Recent trades
In the most recent 13F filing, Engine Capital Management, L.P. revealed that it had opened a new position in
RTX Corp and bought 766,900 shares worth $74.8 billion.
This means they effectively own approximately 0.1% of the company.
RTX Corp makes up
68.4%
of the fund's Industrials sector allocation and has grown its share price by 9.3% in the past year.
The investment fund also strengthened its position in Caesars Entertainment Inc by buying
35,314 additional shares.
This makes their stake in Caesars Entertainment Inc total 779,090 shares worth $34.1 billion.
Caesars Entertainment Inc dropped 17.4% in the past year.
On the other hand, there are companies that Engine Capital Management, L.P. is getting rid of from its portfolio.
Engine Capital Management, L.P. closed its position in Dropbox Inc on 15th May 2024.
It sold the previously owned 1,409,000 shares for $37.6 million.
Marc Diagonale also disclosed a decreased stake in Laureate Education Inc-a by 0.3%.
This leaves the value of the investment at $41.1 billion and 2,823,255 shares.
One of the average hedge funds
The two most similar investment funds to Engine Capital Management, L.P. are Lvw Advisors and Pertento Partners LL.P.. They manage $495 billion and $496 billion respectively.
Marc Diagonale investment strategy
Engine Capital Management, L.P.’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Industrials — making up 22.1% of
the total portfolio value.
The fund focuses on investments in the United States as
28.2% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
10% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $21.1 billion.
The complete list of Engine Capital Management, L.P. trades based on 13F SEC filings
These positions were updated on May 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| RTX Corp |
Opened
766,900
|
$74,795,757,000 | 15.10% |
| MRC Global Inc |
Opened
3,663,408
|
$46,049,039,000 | 9.30% |
| Orthofix Medical Inc.cmn |
Opened
3,035,301
|
$44,072,571,000 | 8.90% |
| Laureate Education Inc-a |
26.12%
2,823,255
|
$41,134,825,000 | 8.30% |
| Dell Technologies -c |
9.10%
336,800
|
$38,432,248,000 | 7.76% |
| Caesars Entertainment Inc |
4.75%
779,090
|
$34,077,397,000 | 6.88% |
| Nexstar Media Group Inc |
Opened
185,713
|
$31,996,493,000 | 6.46% |
| Leidos Hldgs Inccmn |
4.85%
220,000
|
$28,839,800,000 | 5.82% |
| United Parks Resorts Inc |
39.85%
404,159
|
$22,717,777,000 | 4.59% |
| KBR Inc |
Opened
279,784
|
$17,811,049,000 | 3.60% |
| Fiverr International Ltd |
Opened
793,150
|
$16,711,671,000 | 3.37% |
| Wesco Intl |
84.08%
61,068
|
$10,459,727,000 | 2.11% |
| Phinia Inc.cmn |
Opened
270,622
|
$10,400,003,000 | 2.10% |
| Insight Enterprises Inc.cmn |
No change
52,711
|
$9,778,945,000 | 1.97% |
| R1 Rcm Inc.cmn |
Opened
688,236
|
$8,864,480,000 | 1.79% |
| 2seventy Bio Inc |
Opened
1,494,304
|
$7,994,526,000 | 1.61% |
| Jeld-wen Holding Inc.cmn |
Opened
359,208
|
$7,625,986,000 | 1.54% |
| Mgm Resorts Intl |
324,900.00%
130,000
|
$6,137,300,000 | 1.24% |
| American Outdoor Brands Inccmn |
No change
656,329
|
$5,775,695,000 | 1.17% |
| Everi Holdings Inc.cmn |
11.37%
504,301
|
$5,068,225,000 | 1.02% |
| Russell 2000 Index Ishares |
74.20%
22,950
|
$4,826,385,000 | 0.97% |
| Brinks Co Com |
Opened
41,074
|
$3,794,416,000 | 0.77% |
| Willis Towers Watson Plc |
52.28%
12,317
|
$3,387,175,000 | 0.68% |
| Berry Global Group Inccmn |
1.78%
55,569
|
$3,360,813,000 | 0.68% |
| Rmr Group Inc/the - A |
9.93%
114,761
|
$2,754,264,000 | 0.56% |
| Chatham Lodging Trustcmn |
No change
238,252
|
$2,408,728,000 | 0.49% |
| Summit Hotel Properties Inc.cmn |
No change
243,661
|
$1,586,233,000 | 0.32% |
| Treehouse Foods Inc |
55,955.38%
36,436
|
$1,419,182,000 | 0.29% |
| City Office Reit Inc.cmn |
No change
231,020
|
$1,203,614,000 | 0.24% |
| Newmark Group Inc.cmn Class A |
No change
47,203
|
$523,481,000 | 0.11% |
| Api Group Corporationcmn |
No change
12,480
|
$490,090,000 | 0.10% |
| Apollo Global Management Inc |
99.73%
1,867
|
$209,944,000 | 0.04% |
| Upwork Inc |
No change
14,937
|
$183,128,000 | 0.04% |
| Signet Jewelers Ltd |
98.48%
1,559
|
$156,009,000 | 0.03% |
| Keurig Dr Pepper Inc |
Opened
3,500
|
$107,345,000 | 0.02% |
| Rimini Street Inc. |
No change
30,648
|
$99,912,000 | 0.02% |
| Turning Point Brands Inc |
61.17%
2,412
|
$70,672,000 | 0.01% |
| Korn Ferrycmn |
No change
961
|
$63,195,000 | 0.01% |
| Dropbox Inc |
Closed
1,409,000
|
$37,578,000 | |
| Avantax Inc |
Closed
874,857
|
$19,579,000 | |
| Ferguson Plccmn |
No change
63
|
$13,761,000 | 0.00% |
| Avid Technology, Inc. |
Closed
176,867
|
$4,510,000 | |
| ArcBest Corp |
Closed
29,503
|
$2,915,000 | |
| Sciplay Corp-class A |
Closed
23,593
|
$464,000 | |
| Whole Earth Brands, Inc. |
Closed
66,320
|
$267,000 | |
| Stanley Black Decker Inc |
Closed
905
|
$85,000 | |
| Univar Solutions Inc |
Closed
1,790
|
$64,000 | |
| Sealed Air Corp. |
Closed
600
|
$24,000 | |
| No transactions found | |||
| Showing first 500 out of 48 holdings | |||
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