Engine No. 1 LLC
Engine No. 1 LLC is a San Francisco-based investment firm founded in December 2020. The firm focuses on building and investing in companies that drive innovation and support the reindustrialization of the United States. Engine No. 1 is recognized for its 'active ownership' approach to investing, combining impact-driven shareholder engagement with traditional investment strategies. It attracted major public attention by spearheading a successful board overhaul at ExxonMobil in 2021. As of October 2021, the firm employed approximately 39 staff and serves institutional investors, advisors, and responsible retail investors seeking sustainable, growth-oriented capital allocation.
Investment Strategy
Engine No. 1 employs an 'active ownership' investment strategy with an emphasis on sustainability, corporate performance, and societal impact. The firm engages with portfolio companies to drive reforms that align profitability with environmental and social responsibility. Instead of using exclusionary ESG screens, Engine No. 1 works directly with management and shareholders to implement governance and operational changes that enhance long-term value. The firm has launched actively managed ETFs and investments in sectors such as energy, climate solutions, and industrial innovation, aiming to promote a balanced transition to a low-carbon future while supporting U.S. economic revitalization.
Top Holdings
Equity Positions (4)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
P POWL | POWELL INDS INC | 45.41% | $25.0M | 119,000 | $173.55 | $210.45 | +$12.8M |
V VRT | VERTIV HOLDINGS CO | 28.41% | $15.7M | 122,000 | $128.41 | $128.41 | +$15.7M |
E ETN | EATON CORP PLC | 18.77% | $10.4M | 29,000 | $297.08 | $356.99 | +$4.8M |
H HUBB | HUBBELL INC | 7.41% | $4.1M | 10,000 | $408.41 | $408.41 | +$4.1M |