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Mantle Ridge LP

CIK:0001695459
Hedge Fund
$3B AUM
2 holdings
New York, NY, United States
Founded:2016
67 employees
Latest filing:Jun 30, 2025

Mantle Ridge LP is a New York-based investment firm founded by Paul Hilal. The firm specializes in activist investing, value investing, and corporate governance, partnering closely with boards and management teams to enhance long-term value for shareholders and stakeholders. Known for its 'owner-steward' approach, Mantle Ridge is differentiated by a long-term 'permanent ownership' mentality, rather than short-term hedge fund structures. Its engagements have included board and leadership reshaping at major public companies such as CSX, Aramark, and Dollar Tree. The firm reportedly employs around 67 people as of the most recent disclosures and focuses on the stewardship of partner capital and industry leadership.

Investment Strategy

Mantle Ridge's investment strategy centers on engaged, long-term value investing and activist engagements, collaborating closely with boards and management to drive durable value creation. The firm leverages deep research, operational expertise, and constructive activism to materially enhance the valuation and governance of its portfolio companies. This strategy prioritizes robust stewardship and seeks to outperform industry peers by influencing leadership and strategic decisions, evidenced by their track record of substantial total shareholder return outperformance in completed investment engagements.

Latest 13F Filing Activity

Mantle Ridge LP filed their most recent 13F report on Jun 30, 2025 disclosing 2 equity positions with a total 13F market value of $2B. The fund increased holdings in Dollar Tree Inc., Air Prods & Chems Inc.. Mantle Ridge LP reduced exposure to Air Prods & Chems Inc., Dollar Tree Inc..

Top Buys
D
DLTRDOLLAR TREE INC
+$290.1M
A
APDAIR PRODS & CHEMS INC
-$52.8M
Top Sells
D
DLTRDOLLAR TREE INC
+$290.1M
A
APDAIR PRODS & CHEMS INC
-$52.8M

Top Holdings

D
DLTRDOLLAR TREE INC
+50.9%$1.20B
A
APDAIR PRODS & CHEMS INC
+49.1%$1.16B

Equity Positions (2)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
DOLLAR TREE INC50.85%$1.20B12,104,393$159.04$99.04+$290.1M
AIR PRODS & CHEMS INC49.15%$1.16B4,107,517$290.04$282.06-$52.8M

Industry Allocation

RETAIL-VARIETY STORES
+50.5%
INDUSTRIAL INORGANIC CHEMICALS
+49.5%