Top 10 Holdings of Engaged Capital

5. Upbound Group, Inc. (NASDAQ:UPBD)

Engaged Capital’s Equity Stakes: $58.65 Million

Number of Hedge Fund Holders: 21

Upbound Group, Inc. (NASDAQ:UPBD) is one of the top 10 holdings of Engaged Capital in the Technology sector. The company operates a technology platform offering products, brands, and innovative solutions for millions of customers worldwide.

Engaged Capital reduced its stake in Upbound Group, Inc. (NASDAQ:UPBD) by 31% in Q1 2024. Multiple other investment groups and large-scale investors have also adjusted their stakes in Upbound Group, Inc. (NASDAQ:UPBD).

Allspring Global Investments Holdings LLC expanded its Upbound Group, Inc. (NASDAQ:UPBD) ownership by 232.0% throughout the initial quarter. Similarly, 21 hedge funds out of 920 tracked by Insider Monkey held stakes in the company as of the end of Q1 2024, up from 17 in Q4 2023.