Forager Capital Management, LLC 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Forager Capital Management, LLC disclosed 11 US equity positions worth $226.7m in its Q3 2025 13F filing. The largest position was RM at 18.7% of the reported book, followed by MCFT and HOV. Against the Q2 2025 filing, it opened 1 new position, added to 3 and reduced 2 among the top 11 holdings.
What did Forager Capital Management, LLC own in Q3 2025? Top 11 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | RM REGIONAL MGMT CORP | 18.7% | $42.3m | 1,085,098 | 0% | held | |
| 2 | MCFT MASTERCRAFT BOAT HLDGS INC | Consumer Cyclical | 17.1% | $38.7m | 1,802,975 | 0% | held |
| 3 | HOV HOVNANIAN ENTERPRISES INC | Consumer Cyclical | 13.8% | $31.3m | 243,357 | 2% | added |
| 4 | MLKN MILLERKNOLL INC | Consumer Cyclical | 11.5% | $26.0m | 1,466,841 | 13% | added |
| 5 | IIIV I3 VERTICALS INC | 9.5% | $21.6m | 665,000 | 0% | held | |
| 6 | VMD VIEMED HEALTHCARE INC | Healthcare | 8.2% | $18.6m | 2,736,472 | 28% | added |
| 7 | RUSHA RUSH ENTERPRISES INC | Consumer Cyclical | 5.7% | $12.8m | 239,822 | 0% | held |
| 8 | OPRT OPORTUN FINL CORP | 5.3% | $12.1m | 1,957,588 | – | new | |
| 9 | QIPT QUIPT HOME MEDICAL CORP | 4.8% | $11.0m | 4,199,562 | 0% | held | |
| 10 | IMXI INTERNATIONAL MNY EXPRESS IN | Technology | 4.5% | $10.1m | 723,965 | -63% | reduced |
| 11 | GTX GARRETT MOTION INC | Consumer Cyclical | 1.0% | $2.3m | 166,095 | -71% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.