In a quarterly disclosure for the period ending June 30, 2026, activist investor Glenn Welling's Engaged Capital reported a significant reduction in its YETI Holdings stake. The firm sold over 590,000 shares, cutting its position by 33.07% to 1.19 million shares. Despite the sale, which was valued at an estimated $29.24 million, YETI remains a top holding for the fund, accounting for over 18% of its reported portfolio.
This trade information, disclosed in an August 14th 13F filing, reflects activity from the second quarter and not necessarily a current position. The reduction comes after Engaged Capital reached an agreement with YETI in March 2025 to appoint two new independent directors to the company's board. No public statements were found explaining the motive for the trim.