Forager Capital Management, LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Forager Capital Management, LLC disclosed 11 US equity positions worth $220.9m in its Q4 2025 13F filing. The largest position was RM at 19.0% of the reported book, followed by MCFT and MLKN. Against the Q3 2025 filing, it opened 1 new position, added to 3 and reduced 4 among the top 11 holdings.
What did Forager Capital Management, LLC own in Q4 2025? Top 11 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | RM REGIONAL MGMT CORP | 19.0% | $42.0m | 1,085,098 | 0% | held | |
| 2 | MCFT MASTERCRAFT BOAT HLDGS INC | Consumer Cyclical | 14.5% | $32.1m | 1,699,118 | -6% | reduced |
| 3 | MLKN MILLERKNOLL INC | Consumer Cyclical | 12.9% | $28.6m | 1,561,841 | 6% | added |
| 4 | HOV HOVNANIAN ENTERPRISES INC | Consumer Cyclical | 10.4% | $23.1m | 236,315 | -3% | reduced |
| 5 | VMD VIEMED HEALTHCARE INC | Healthcare | 9.4% | $20.7m | 2,785,871 | 2% | added |
| 6 | QIPT QUIPT HOME MEDICAL CORP | 6.7% | $14.8m | 4,199,562 | 0% | held | |
| 7 | RPAY REPAY HLDGS CORP | Technology | 6.6% | $14.6m | 3,990,726 | – | new |
| 8 | IIIV I3 VERTICALS INC | 6.3% | $13.8m | 549,401 | -17% | reduced | |
| 9 | RUSHA RUSH ENTERPRISES INC | Consumer Cyclical | 5.9% | $12.9m | 239,822 | 0% | held |
| 10 | OPRT OPORTUN FINL CORP | 5.7% | $12.6m | 2,380,000 | 22% | added | |
| 11 | IMXI INTERNATIONAL MNY EXPRESS IN | Technology | 2.5% | $5.6m | 366,174 | -49% | 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.