Q2 2025 · 13F-HR
Forager Capital Management, LLCholdings as filed
Filed 2025-08-13 · accession 0001420506-25-001872
$204.5M
Reported value
11
Positions
2025-06-30
Period end
The Brief · Forager Capital Management, LLC · Q2 2025
AI · grounded in 13F
Forager Capital Management, LLC established a new position in MCFT valued at $33.5M. The fund also initiated new stakes in RM for $31.7M and MLKN for $25.3M. Additional new positions include HOV at $25M, IMXI at $19.6M, and IIIV at $18.3M. The fund ended the period with 11 positions and total AUM of $204.5M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 57637H103 | MCFT | MASTERCRAFT BOAT HLDGS INC | $33.5M | 16.4% | 1,802,975 | Common | SOLE |
| 75902K106 | RM | REGIONAL MGMT CORP | $31.7M | 15.5% | 1,085,098 | Common | SOLE |
| 600544100 | MLKN | MILLERKNOLL INC | $25.3M | 12.4% | 1,301,841 | Common | SOLE |
| 442487401 | HOV | HOVNANIAN ENTERPRISES INC | $25.0M | 12.2% | 239,500 | Common | SOLE |
| 46005L101 | IMXI | INTERNATIONAL MNY EXPRESS IN | $19.6M | 9.60% | 1,946,174 | Common | SOLE |
| 46571Y107 | IIIV | I3 VERTICALS INC | $18.3M | 8.94% | 665,000 | Common | SOLE |
| 92663R105 | VMD | VIEMED HEALTHCARE INC | $14.8M | 7.22% | 2,136,472 | Common | SOLE |
| 781846209 | RUSHA | RUSH ENTERPRISES INC | $12.4M | 6.04% | 239,822 | Common | SOLE |
| 96924N100 | WLDN | WILLDAN GROUP INC | $10.5M | 5.13% | 167,957 | Common | SOLE |
| 74880P104 | QIPT | QUIPT HOME MEDICAL CORP | $7.5M | 3.68% | 4,199,562 | Common | SOLE |
| 366505105 | GTX | GARRETT MOTION INC | $5.9M | 2.91% | 566,095 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.