Engine No. 1 LLC

High-turnover traderConcentrated strategySector-focused

Total reported value

$88.6M

Reporting period: 2025-09-30 · Number of holdings: 6

ENGINE NO. 1 LLC disclosed 6 holdings in its latest 13F filing for the period ending 2025-09-30, with total reported value of $88.6M and a quarterly turnover rate of 198.2%.

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Personality snowflake

Concentration: 100
Portfolio Stability: 100
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 12
Sizing Uniformity: 91.34

Recent moves

Add POWL
0.0%　$24.0M
Sold out INTC
New buy VRT
New buy FSLR
New buy HRI
Sold out AR

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	POWL	Powell Industries INC	Stock-Industrials	40.95%	+25.29%	—
2	VRT	Vertiv Holdings Co-a	Stock-Industrials	27.25%	+27.25%	NEW
3	FSLR	First Solar INC	Stock-Tech	11.95%	+11.95%	NEW
4	HRI	Herc Holdings INC	Stock-Other	9.74%	+9.74%	NEW
5	GLD	Spdr Gold Shares	ETF-Commodities	5.26%	+5.26%	NEW
6	HUBB	Hubbell INC	Stock-Industrials	4.86%	+4.86%	NEW

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2025-09-30	6	$88.6M	100	1POWL 2VRT 3FSLR Top holdings2025-09-30 1.POWL 2.VRT 3.FSLR 4.HRI 5.GLD 6.HUBB
2025-06-30	4	$55.1M	0	1POWL 2VRT 3ETN Top holdings2025-06-30 1.POWL 2.VRT 3.ETN 4.HUBB
2025-03-31	4	$78.3M	100	1INTC 2POWL 3AR Top holdings2025-03-31 1.INTC 2.POWL 3.AR 4.ETN
2024-12-31	5	$37.6M	0	1POWL 2BKR 3HUBB Top holdings2024-12-31 1.POWL 2.BKR 3.HUBB 4.FLS 5.CENX
2024-09-30	6	$50.5M	0	1VRT 2POWL 3FSLR Top holdings2024-09-30 1.VRT 2.POWL 3.FSLR 4.HUBB 5.XOM 6.COHR
2024-06-30	11	$95.3M	0	1VRT 2AMAT 3ASML Top holdings2024-06-30 1.VRT 2.AMAT 3.ASML 4.HUBB 5.POWL 6.FLNC 7.XOM 8.VST 9.NRG 10.MSFT
2024-03-31	10	$84.5M	0	1VRT 2HUBB 3AMAT Top holdings2024-03-31 1.VRT 2.HUBB 3.AMAT 4.XOM 5.MSFT 6.AMZN 7.ASML 8.VST 9.NRG 10.POWL
2023-12-31	7	$54.8M	0	1XOM 2MSFT 3AMZN Top holdings2023-12-31 1.XOM 2.MSFT 3.AMZN 4.XYZ 5.RSG 6.VST 7.VRT
2023-09-30	13	$189.9M	0	1RSG 2XOM 3MSFT Top holdings2023-09-30 1.RSG 2.XOM 3.MSFT 4.VRT 5.LRCXEUR 6.TSM 7.VST 8.FSLR 9.NVDA 10.HUBB
2023-06-30	16	$213.2M	0	1RSG 2AMAT 3TSM Top holdings2023-06-30 1.RSG 2.AMAT 3.TSM 4.XOM 5.WM 6.UNH 7.DXCM 8.WSC 9.TEL 10.DE
2023-03-31	16	$213.2M	0	1RSG 2AMAT 3TSM Top holdings2023-03-31 1.RSG 2.AMAT 3.TSM 4.XOM 5.WM 6.UNH 7.DXCM 8.WSC 9.TEL 10.DE
2022-12-31	12	$203.3M	0	1XOM 2DE 3RSG Top holdings2022-12-31 1.XOM 2.DE 3.RSG 4.UNH 5.13645T 6.GM 7.ROK 8.DXCM 9.COP 10.AMAT
2022-09-30	15	$202.7M	0	1XOM 2DE 3ADM Top holdings2022-09-30 1.XOM 2.DE 3.ADM 4.SHEL 5.GM 6.UNH 7.TSLA 8.RSG 9.LTHM1EUR 10.CSX
2022-06-30	15	$226.9M	0	1XOM 2DE 3GM Top holdings2022-06-30 1.XOM 2.DE 3.GM 4.F 5.ADM 6.UNH 7.SHEL 8.RSG 9.COP 10.SEDG
2022-03-31	14	$221.9M	0	1XOM 2DE 3GM Top holdings2022-03-31 1.XOM 2.DE 3.GM 4.ALB 5.INTC 6.DXCM 7.ADM 8.PEN 9.UNH 10.DAR
2021-12-31	307	$483.7M	0	1XOM 2MSFT 3GM Top holdings2021-12-31 1.XOM 2.MSFT 3.GM 4.DE 5.DXCM 6.AAPL 7.NEE 8.INTC 9.PEN 10.VC
2021-09-30	226	$389.0M	0	1XOM 2MSFT 3GM Top holdings2021-09-30 1.XOM 2.MSFT 3.GM 4.DXCM 5.DE 6.XYZ 7.DOCU 8.NEE 9.PEN 10.AAPL
2021-06-30	144	$363.3M	55	1XOM 2MSFT 3APTV Top holdings2021-06-30 1.XOM 2.MSFT 3.APTV 4.GM 5.XYZ 6.DE 7.BG 8.NXPI 9.DOCU 10.DXCM
2021-03-31	13	$272.3M	36	1XOM 2XYZ 3NXPI Top holdings2021-03-31 1.XOM 2.XYZ 3.NXPI 4.DE 5.GM 6.APTV 7.BG 8.MSFT 9.NEE 10.DXCM
2020-12-31	12	$231.9M	0	1XOM 2XYZ 3NXPI Top holdings2020-12-31 1.XOM 2.XYZ 3.NXPI 4.MSFT 5.DE 6.BG 7.APTV 8.AMZN 9.NEE 10.SHOP

Holding changes this quarter

Engine No. 1 LLC's most significant position changes for 2025-09-30: Sold out: Intel CORP (INTC); New buy: Vertiv Holdings Co-a (VRT); New buy: First Solar INC (FSLR); New buy: Herc Holdings INC (HRI); Sold out: Antero Resources CORP (AR).

Position changes disclosed by Engine No. 1 LLC for the quarter ending 2025-09-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	POWL	Powell Industries INC	+25.3%	—	Add
2	INTC	Intel CORP	—	EXIT	Sold out
3	VRT	Vertiv Holdings Co-a	—	NEW	New buy
4	FSLR	First Solar INC	—	NEW	New buy
5	HRI	Herc Holdings INC	—	NEW	New buy
6	AR	Antero Resources CORP	—	EXIT	Sold out
7	ETN	Eaton Corporation plc	—	EXIT	Sold out
8	GLD	Spdr Gold Shares	—	NEW	New buy
9	HUBB	Hubbell INC	—	NEW	New buy

FAQ

What is Engine No. 1 LLC and what type of investor is it?

Engine No. 1 LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-09-30), the firm manages a tracked equity portfolio valued at approximately $88.6M, spread across 6 disclosed positions.

What are Engine No. 1 LLC's largest equity positions?

Based on the latest 13F filing, Engine No. 1 LLC's top holdings by market value are: 1. Powell Industries INC (POWL) — $36.3M (41.0%) 2. Vertiv Holdings Co-a (VRT) — $24.1M (27.3%) 3. First Solar INC (FSLR) — $10.6M (11.9%) 4. Herc Holdings INC (HRI) — $8.6M (9.7%) 5. Spdr Gold Shares (GLD) — $4.7M (5.3%)

What changes did Engine No. 1 LLC make in its most recent portfolio filing?

In the latest reported quarter, Engine No. 1 LLC made 9 notable position adjustments: 5 new positions were initiated, 1 existing holdings were added to, 0 positions were partially reduced, and 3 were completely exited. The largest of these moves: Sold out: Intel CORP (INTC); New buy: Vertiv Holdings Co-a (VRT); New buy: First Solar INC (FSLR); New buy: Herc Holdings INC (HRI); Sold out: Antero Resources CORP (AR)

What sectors does Engine No. 1 LLC focus on?

Engine No. 1 LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Industrials: 69.5% • Information Technology: 30.5%