13F Filings/ENGINE NO. 1 LLC

ENGINE NO. 1 LLC

Hedge FundCIK0001835549LocationSAN FRANCISCO, CA 94111, United States

Long U.S. equity positions disclosed to the SEC on Form 13F-HR.

Latest filingQ3 2025Quarter ended30 Sept 2025Filed14 Nov 2025
Firm profile · Form ADV
SEC adviser registration

Engine No. 1 LLC is a registered investment adviser founded in October 2020 and principally owned by Christopher James, operating alongside affiliated relying advisers from San Francisco, California. The firm provides investment advice and fund management services without limiting its advice to specific types of investments. Its investment strategy aims to achieve capital appreciation for clients and investors while simultaneously creating a positive impact on broader community and economic sectors by investing in and building companies that generate sustainable growth and long-term value.Summarised from the firm’s Form ADV Part 2A brochure.

CRD
311998 · 801-120068
Portfolio Turnover
23%
Of book traded, QoQ
Positions
6
Long U.S. equities
Top 10 Concentration
100%
Of reported value
QoQ Change
$33.4M
Value change
Assets under management
Form ADV RAUM · client mix · 13F over time
Regulatory AUM
$300M
Form ADV, as of Mar 2023
● 100% discretionary ($300M)
By client type
Pooled investment vehicles: $300M (100.0%) · 3 clients
Pooled investment vehicles
$300M · 100%
13F AUM over time
$89M
Q3 ’25 · 13F AUM
▼ 62%
19 quarters
Reported Holdings
Q3 2025 · upgrade to Pro for past quarters
↗
★ Position spotlightPOWLPOWELL INDS INC · 40.9% of bookThis highlighted stock and its 1Y chart are public
Loading position history…
Security⇅Shares⇅Market Value▼Est. Cost⇅Last Px⇅Est. Return⇅% Portfolio⇅Δ Shares⇅Action⇅
POWELL INDS INC
POWL· Industrials
119KSH$36.3M~$304.81$184.47▼39.5%40.9%—Unchanged
VERTIV HOLDINGS CO
VRT· Industrials
160KSH$24.1M~$150.86$241.31▲60.0%27.2%▲ 31.1%Added
FIRST SOLAR INC
FSLR· Information Technology
48KSH$10.6M~$220.53$175.16▼20.6%11.9%NewNew
HERC HLDGS INC
HRI· Industrials
74KSH$8.6M~$116.66$124.80▲7.0%9.7%NewNew
SPDR GOLD TR
GLD
13KSH$4.7M~$355.47$380.84▲7.1%5.3%NewNew
HUBBELL INC
HUBB· Industrials
10KSH$4.3M~$430.31$453.60▲5.4%4.9%—Unchanged
POWLPOWELL INDS INCUnchanged
$36.3M· 40.9%· 119K SH· —· cost $304.81· last $184.47· ▼39.5%
Industrials · COM · SOLE
VRTVERTIV HOLDINGS COAdded
$24.1M· 27.2%· 160K SH· ▲ 31.1%· cost $150.86· last $241.31· ▲60.0%
Industrials · COM CL A · SOLE
FSLRFIRST SOLAR INCNew
$10.6M· 11.9%· 48K SH· New· cost $220.53· last $175.16· ▼20.6%
Information Technology · COM · SOLE
HRIHERC HLDGS INCNew
$8.6M· 9.7%· 74K SH· New· cost $116.66· last $124.80· ▲7.0%
Industrials · COM · SOLE
GLDSPDR GOLD TRNew
$4.7M· 5.3%· 13K SH· New· cost $355.47· last $380.84· ▲7.1%
GOLD SHS · SOLE
HUBBHUBBELL INCUnchanged
$4.3M· 4.9%· 10K SH· —· cost $430.31· last $453.60· ▲5.4%
Industrials · COM · SOLE
Sector Breakdown
Q3 2025
Industrials82.8% · $73.3M
Information Technology11.9% · $10.6M
Unclassified5.3% · $4.7M
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