Engine Capital Management, a New York City-based firm, sold 635,255 shares of Amentum for about $15 million in the third quarter, exiting their position entirely by September 30. The position previously made up 3.2% of the fund’s assets. Amentum’s stock price was $28.88, up 26% over the past year, outperforming the S&P 500. Engine Capital’s top holdings post-sale include AVTR, NATL, LNW, ACHC, and OFIX.

On November 14, Engine Capital Management disclosed selling its entire stake in Amentum Holdings, valued at around $15 million. The sale was reported in an SEC filing, showing the fund eliminated 635,255 shares, based on quarterly average pricing. Amentum Holdings provides mission-critical services to government and commercial clients, generating revenue through long-term contracts focused on technology-driven solutions.

Amentum Holdings, a leading provider of technical and mission support services, specializes in aerospace, defense, and intelligence sectors. The company leverages its expertise to address national security and infrastructure needs, offering high-reliability solutions. Despite volatility since its public debut, Amentum’s growth trajectory remains strong, with significant contract visibility and strong cash generation.

For investors, Amentum’s recent rally highlights the importance of understanding fund divestments. The company delivered a standout fourth quarter, with impressive revenue, adjusted EBITDA, and free cash flow. With fiscal year 2026 guidance projecting up to $14.3 billion in revenue and significant free cash flow, Amentum remains an appealing long-term investment tied to essential government spending across various sectors.

Read more at Yahoo Finance: Why One Fund Dumped Its Entire $15 Million Stake as This Defense Stock Posted $47 Billion in Backlog