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Engle Capital Management, L.P. 13F Filings & Institutional Holdings (Q2 2026)
Engle Capital Management, L.P.CIK: 0001684868
Momentum followerSector-focusedQuality / disciplined sizing
Total reported value
$364.1M
Reporting period: 2026-06-30 · Number of holdings: 20
Engle Capital Management, L.P. disclosed 20 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $364.1M and a quarterly turnover rate of 52.9%.
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Personality snowflake
- Concentration
- 35.28
- Portfolio Stability
- 52.9
- Momentum
- 100
- Sector conviction
- 86.94
- Diversification
- 40
- Sizing Uniformity
- 91.03
Engle Capital Management, L.P.'s disclosed holdings carry a Herfindahl concentration index of 0.088 — mathematically equivalent to about 11 equally-sized positions, well below its 20 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.90), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.9 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 64% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd CDNL
+40.8% $29.6M
Add WULF
-8.6% $24.0M
Sold out FPS
Trim FLS
-42.8% -$7.8M
Trim FIX
-71.2% -$6.8M
Trim AER
-22.1% -$3.9M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | WULF | Terawulf Inc | Stock-Financials | 18.28% | +3.78% | -8.64% | |
| 2 | CDNL | Cardinal Infrastructure Gr-a | Stock-Other | 11.58% | +7.28% | +40.77% | |
| 3 | ROAD | Construction Partners Inc-a | Stock-Industrials | 9.72% | +1.96% | +45.42% | |
| 4 | TBBB | BBB Foods Inc. | Stock-Other | 8.88% | +0.26% | +8.47% | |
| 5 | LGN | Legence Corp-cl A | Stock-Other | 8.48% | -1.34% | -29.08% | |
| 6 | TLN | Talen Energy CORP | Stock-Utilities | 5.74% | -1.06% | -12.96% | |
| 7 | CIFR | Cipher Digital Inc | Stock-Tech | 5.19% | +1.78% | -0.74% | |
| 8 | AER | AerCap Holdings N.V. | Stock-Industrials | 5.12% | -2.55% | -22.07% | |
| 9 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 4.22% | +1.64% | +63.05% | |
| 10 | HUT | Hut 8 CORP | Stock-Financials | 4.13% | +1.74% | -12.99% | |
| 11 | STRL | Sterling Infrastructure Inc | Stock-Industrials | 3.96% | +0.28% | -35.11% | |
| 12 | STEP | Stepstone Group Inc-class A | Stock-Other | 3.41% | -0.45% | +26.47% | |
| 13 | FLS | Flowserve CORP | Stock-Industrials | 2.91% | -3.35% | -42.80% | |
| 14 | ✓ | Stock-Other | 1.78% | +1.78% | NEW | ||
| 15 | CCJ | Cameco CORP | Stock-Energy | 1.52% | +0.38% | +76.26% | |
| 16 | MRX | Marex Group plc | Stock-Other | 1.32% | -1.73% | -60.68% | |
| 17 | FIX | Comfort Systems USA Inc | Stock-Industrials | 1.32% | -2.63% | -71.23% | |
| 18 | DY | Dycom Industries Inc | Stock-Industrials | 1.27% | +1.27% | NEW | |
| 19 | ✓ | Stock-Other | 0.92% | +0.92% | NEW | ||
| 20 | CVNA | Carvana Co | Stock-Consumer Disc | 0.24% | -1.05% | +10.97% |
Portfolio Performance
Performance for Q3 2026
-20%
Performance Last 4 Quarters
-13.6%
- Stdev
- +26.1%
- Beta
- +1.07
- Alpha
- -19.5%
- Max Drawdown
- -23.4%
- Annualized Perf
- -1.5%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +0.1
- Stutzer
- +0.02
- Treynor
- +0.02
- Sterling
- -0.05
- Calmar
- -0.06
- Information Ratio
- -0.82
- Tracking Error
- +22.2%
- Stdev Down
- +18.3%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +43.8%
- Worst 12 Months
- -13.6%
- Efficiency Ratio
- +0.02
- Sharpe
- +0.07
- Stdev Sectors
- +14.5%
- Skewness
- -0.14
- Kurtosis
- +0.05
- Upside Potential
- +1.94
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 20 | $364.1M | 53 | ||
| 2026 Q1 | 22 | $293.5M | 81 | ||
| 2025 Q4 | 27 | $259.1M | 94 | ||
| 2025 Q3 | 23 | $283.5M | 100 | ||
| 2025 Q2 | 25 | $331.6M | 0 | ||
| 2025 Q1 | 23 | $276.7M | 100 | ||
| 2024 Q4 | 24 | $334.2M | 0 | ||
| 2024 Q3 | 20 | $340.1M | 0 | ||
| 2024 Q2 | 21 | $295.8M | 0 | ||
| 2024 Q1 | 28 | $358.7M | 0 | ||
| 2023 Q4 | 27 | $285.5M | 0 | ||
| 2023 Q3 | 25 | $275.7M | 0 | ||
| 2023 Q2 | 24 | $323.2M | 0 | ||
| 2023 Q1 | 26 | $305.0M | 0 | ||
| 2022 Q4 | 19 | $222.3M | 0 | ||
| 2022 Q3 | 23 | $341.1M | 0 | ||
| 2022 Q2 | 12 | $252.1M | 0 | ||
| 2022 Q1 | 12 | $465.6M | 0 | ||
| 2021 Q4 | 18 | $494.8M | 0 | ||
| 2021 Q3 | 21 | $603.9M | 0 | ||
| 2021 Q2 | 25 | $682.6M | 98 | ||
| 2021 Q1 | 22 | $658.5M | 65 | ||
| 2020 Q4 | 23 | $695.4M | 71 | ||
| 2020 Q3 | 22 | $634.1M | 62 | ||
| 2020 Q2 | 21 | $620.1M | 100 | ||
| 2020 Q1 | 17 | $301.4M | 82 | ||
| 2019 Q4 | 19 | $465.2M | 51 | ||
| 2019 Q3 | 19 | $376.9M | 71 | ||
| 2019 Q2 | 21 | $421.9M | 57 | ||
| 2019 Q1 | 22 | $384.6M | 68 | ||
| 2018 Q4 | 19 | $225.6M | 78 | ||
| 2018 Q3 | 21 | $301.9M | 59 | ||
| 2018 Q2 | 22 | $227.6M | 56 | ||
| 2018 Q1 | 21 | $202.9M | 60 | ||
| 2017 Q4 | 24 | $194.8M | 60 | ||
| 2017 Q3 | 27 | $208.3M | 56 | ||
| 2017 Q2 | 24 | $163.6M | 43 | ||
| 2017 Q1 | 24 | $164.9M | 59 | ||
| 2016 Q4 | 23 | $141.1M | 0 |
Holding changes this quarter
Engle Capital Management, L.P.'s most significant position changes for 2026-06-30: Sold out: Forgent Power Solutions Inc (FPS); New buy: ; Sold out: Fermi Inc (FRMI); New buy: Dycom Industries Inc (DY); Sold out: Amrize Ltd (AMRZ).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CDNL | Cardinal Infrastructure Gr-a | +7.3% | +40.77% | Add |
| 2 | WULF | Terawulf Inc | +3.8% | -8.64% | Trim |
| 3 | ROAD | Construction Partners Inc-a | +2% | +45.42% | Add |
| 4 | CIFR | Cipher Digital Inc | +1.8% | -0.74% | Trim |
| 5 | ✓ | +1.8% | NEW | New buy | |
| 6 | HUT | Hut 8 CORP | +1.7% | -12.99% | Trim |
| 7 | GOOGL | Alphabet Inc-cl A | +1.6% | +63.05% | Add |
| 8 | DY | Dycom Industries Inc | +1.3% | NEW | New buy |
| 9 | ✓ | +0.9% | NEW | New buy | |
| 10 | CCJ | Cameco CORP | +0.4% | +76.26% | Add |
| 11 | STRL | Sterling Infrastructure Inc | +0.3% | -35.11% | Trim |
| 12 | TBBB | BBB Foods Inc. | +0.3% | +8.47% | Add |
| 13 | STEP | Stepstone Group Inc-class A | -0.5% | +26.47% | Add |
| 14 | COMP | Compass Inc - Class A | -0.8% | EXIT | Sold out |
| 15 | CVNA | Carvana Co | -1.1% | +10.97% | Add |
| 16 | TLN | Talen Energy CORP | -1.1% | -12.96% | Trim |
| 17 | AMRZ | Amrize Ltd | -1.3% | EXIT | Sold out |
| 18 | META | Meta Platforms Inc-class A | -1.3% | EXIT | Sold out |
| 19 | LGN | Legence Corp-cl A | -1.3% | -29.08% | Trim |
| 20 | MRX | Marex Group plc | -1.7% | -60.68% | Trim |
| 21 | FRMI | Fermi Inc | -2% | EXIT | Sold out |
| 22 | AER | AerCap Holdings N.V. | -2.6% | -22.07% | Trim |
| 23 | FIX | Comfort Systems USA Inc | -2.6% | -71.23% | Trim |
| 24 | FLS | Flowserve CORP | -3.4% | -42.80% | Trim |
| 25 | FPS | Forgent Power Solutions Inc | -3.6% | EXIT | Sold out |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Filing History
FAQ
What is Engle Capital Management, L.P. and what type of investor is it?
Engle Capital Management, L.P. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $364.1M, spread across 20 disclosed positions.
What are Engle Capital Management, L.P.'s largest equity positions?
Based on the latest 13F filing, Engle Capital Management, L.P.'s top holdings by market value are:
1. Terawulf Inc (WULF) — $66.6M (18.3%)
2. Cardinal Infrastructure Gr-a (CDNL) — $42.2M (11.6%)
3. Construction Partners Inc-a (ROAD) — $35.4M (9.7%)
4. BBB Foods Inc. (TBBB) — $32.3M (8.9%)
5. Legence Corp-cl A (LGN) — $30.9M (8.5%)
What changes did Engle Capital Management, L.P. make in its most recent portfolio filing?
In the latest reported quarter, Engle Capital Management, L.P. made 25 notable position adjustments: 3 new positions were initiated, 7 existing holdings were added to, 10 positions were partially reduced, and 5 were completely exited. The largest of these moves: Sold out: Forgent Power Solutions Inc (FPS); New buy: ; Sold out: Fermi Inc (FRMI); New buy: Dycom Industries Inc (DY); Sold out: Amrize Ltd (AMRZ)
What sectors does Engle Capital Management, L.P. focus on?
Engle Capital Management, L.P. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Industrials: 38.2%
• Financials: 35.2%
• Utilities: 9.0%
• Information Technology: 8.2%
• Communication Services: 6.6%
• Energy: 2.4%
Investment Profile
Engle Capital Management, L.P. returned an annualized -1.5% over the trailing 36 months — underperforming the S&P 500 by 19.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.07 (roughly in line with the market) and a 47% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active, with 38.2% of the portfolio concentrated in Industrials.
Its turnover score has risen from 0 to 53 over the past 4 quarters — a shift toward more active trading.
It has added to its WULF position for two straight quarters, increasing it by $61.5M to reach $66.6M.
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Developer Access
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