Top 10 Holdings of Engaged Capital

6. BRC Inc. (NYSE:BRCC)

Engaged Capital’s Equity Stakes: $55 Million

Number of Hedge Fund Holders: 10

BRC Inc. (NYSE:BRCC) is one of the top 10 holdings of Engaged Capital and one of the best-performing stocks in 2024, going by the 50% plus rally. The consumer defensive stock has been in fine form owing to solid demand for its products, including coffee accessories cut as brewing equipment.

BRC Inc. (NYSE:BRCC) delivered a 14.9% increase in revenues in Q1 2024 to $98.4 million and jumped to a profit of $1.9 million from a net income loss of $17.3 million last year in the same quarter. Engaged Capital held stakes worth $55 million as of the first quarter. On the other hand, a total of 10 hedge funds out of 920 tracked by Insider Money held stakes in the company as of Q1 2024, up from 7 as of the end of last year.