Top 10 Holdings of Engaged Capital

2. V.F. Corporation (NYSE:VFC)

Engaged Capital’s Equity Stakes: $81.94 Million

Number of Hedge Fund Holders: 33

The owner of North Face, Vans, and Timberland brands, V.F. Corporation (NYSE:VFC), is one of the top 10 holdings of Engaged Capital. While the company has lost more than 30% of market value over the past 12 months, the hedge funds have embarked on an activist campaign as it seeks to reinvigorate V.F. Corporation (NYSE:VFC)’s fortunes.

Ever since it acquired stakes in V.F. Corporation (NYSE:VFC) in the fourth quarter of 2023, the hedge fund has pushed the company to cut costs to boost its margins and consider strategic alternatives such as selling non-core brands to try and unlock value. Engaged Capital has been pushing for $300 million in cost savings. By the time the activist investor acquired stakes, V.F. Corporation (NYSE:VFC) had plunged to a ten-year low, having shed more than 80% in market value.

33 hedge funds out of the 920 tracked by Insider Monkey held stakes in the company as of the end of the first quarter, an improvement from 30 as of the end of the fourth quarter of 2023.