Tensile Capital Management LP

CIK

1598843

Location

LARKSPUR, CA

Portfolio Value

Small $649,266,027

Diversification

Diversified

Filing Date

Global Rank

#2,275 / 8,623 ▼ 117 · as of Mar 2026

Top Industry

Software - Application 26.8%

3Y Alpha vs SPY

-43.5%

Period ended 4 months ago

Filed May 15, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+22.0%

SPY

+65.3%

Annualised alpha

-11.4%

Max drawdown

−32.5%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

23 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

10.9%

+0.8 pts

Top 5

45.2%

−0.5 pts

Top 10

73.0%

−7.1 pts

HHI

653

Diversified−54

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	42.6%	$276,526,790	7
Technology	28.0%	$181,518,034	9
Energy	8.4%	$54,380,033	3
Consumer Defensive	7.7%	$49,889,482	1
Utilities	7.2%	$46,480,208	1
Real Estate	6.2%	$40,471,480	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
WBI	WaterBridge Infrastructure LLC	+455,768	984,574	$26,376,737
QTWO	Q2 Holdings, Inc.	+210,000	889,767	$42,085,979
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
CWAN	Clearwater Analytics Holdings, Inc.	−1,485,000	879,674	$20,804,290
CTRI	Centuri Holdings, Inc.	−275,000	1,591,243	$46,480,208
USFD	US Foods Holding Corp.	−223,000	541,042	$49,889,482
CCK	Crown Holdings, Inc.	−177,000	435,165	$43,625,291
NE	Noble Corp plc	−130,000	399,375	$19,597,331
NCNO	nCino, Inc.	−80,000	1,005,142	$15,057,027
BL	Blackline, Inc.	−40,159	750,786	$27,779,082
SKY	Champion Homes, Inc.	−37,419	211,143	$15,702,704
VERX	Vertex, Inc.	−21,431	3,398,563	$40,408,914
LAD	Lithia Motors Inc	−1,827	222,963	$55,678,320
EQIX	Equinix Inc	−1,500	26,392	$25,870,494
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
TYL	Tyler Technologies Inc	51,375	$17,589,772
CVCO	Cavco Industries, Inc.	33,000	$15,981,570
COMP	Compass, Inc.	1,997,399	$14,600,986
APPF	Appfolio Inc	53,000	$8,364,460
CLBT	Cellebrite DI Ltd.	525,202	$7,237,283
FOXF	Fox Factory Holding Corp	236,512	$3,892,987
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
VAL	Valaris Ltd	339,419	$17,106,717
OS	OneStream, Inc.	541,070	$9,944,866
ARCB	Arcbest Corp /De/	81,230	$6,026,453
ASO	Academy Sports & Outdoors, Inc.	75,039	$3,748,948
UHAL	U-Haul Holding Co /NV/	35,000	$1,764,350
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

23 tracked positions · $649,266,027 total · filing declares 25 positions · $698,493,583 · as of Mar 31, 2026

All sectors Consumer Cyclical Consumer Defensive Energy Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
DKS	Dick's Sporting Goods, Inc. Consumer Cyclical	Held	357,844	0	$70,956,886	+0.2%	10.93%
VVV	Valvoline Inc Consumer Cyclical	Held	2,098,843	0	$70,689,032	+15.9%	10.89%
LAD	Lithia Motors Inc Consumer Cyclical	Reduced	222,963	-1,827	$55,678,320	−25.5%	8.58%
USFD	US Foods Holding Corp. Consumer Defensive	Reduced	541,042	-223,000	$49,889,482	−13.3%	7.68%
CTRI	Centuri Holdings, Inc. Utilities	Reduced	1,591,243	-275,000	$46,480,208	−1.4%	7.16%
CCK	Crown Holdings, Inc. Consumer Cyclical	Reduced	435,165	-177,000	$43,625,291	−30.8%	6.72%
QTWO	Q2 Holdings, Inc. Technology	Added	889,767	+210,000	$42,085,979	−14.2%	6.48%
VERX	Vertex, Inc. Technology	Reduced	3,398,563	-21,431	$40,408,914	−40.8%	6.22%
BL	Blackline, Inc. Technology	Reduced	750,786	-40,159	$27,779,082	−36.5%	4.28%
WBI	WaterBridge Infrastructure LLC Energy	Added	984,574	+455,768	$26,376,737	+149.3%	4.06%
EQIX	Equinix Inc Real Estate	Reduced	26,392	-1,500	$25,870,494	+21.1%	3.98%
CWAN	Clearwater Analytics Holdings, Inc. Technology	Reduced	879,674	-1,485,000	$20,804,290	−63.5%	3.20%
NE	Noble Corp plc Energy	Reduced	399,375	-130,000	$19,597,331	+31.1%	3.02%
TYL	Tyler Technologies Inc Technology	NEW	51,375	NEW	$17,589,772	NEW	2.71%
CVCO	Cavco Industries, Inc. Consumer Cyclical	NEW	33,000	NEW	$15,981,570	NEW	2.46%
SKY	Champion Homes, Inc. Consumer Cyclical	Reduced	211,143	-37,419	$15,702,704	−25.2%	2.42%
NCNO	nCino, Inc. Technology	Reduced	1,005,142	-80,000	$15,057,027	−45.9%	2.32%
COMP	Compass, Inc. Real Estate	NEW	1,997,399	NEW	$14,600,986	NEW	2.25%
HLX	Helix Energy Solutions Group Inc Energy	Held	849,946	0	$8,405,965	+57.7%	1.29%
APPF	Appfolio Inc Technology	NEW	53,000	NEW	$8,364,460	NEW	1.29%
CLBT	Cellebrite DI Ltd. Technology	NEW	525,202	NEW	$7,237,283	NEW	1.11%
FOXF	Fox Factory Holding Corp Consumer Cyclical	NEW	236,512	NEW	$3,892,987	NEW	0.60%
ALIT	Alight, Inc. / Delaware Technology	Held	3,760,472	0	$2,191,227	−70.1%	0.34%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.