Q3 2025 · 13F-HR
Forager Capital Management, LLCholdings as filed
Filed 2025-11-14 · accession 0001420506-25-003262
$226.7M
Reported value
11
Positions
2025-09-30
Period end
The Brief · Forager Capital Management, LLC · Q3 2025
AI · grounded in 13F
Forager Capital Management, LLC established a new position in RM valued at $42.3M. The fund also initiated new stakes in MCFT for $38.7M and HOV for $31.3M. Additional new positions include MLKN at $26M, IIIV at $21.6M, and VMD at $18.6M. The fund ended the period with 11 positions and total AUM of $226.7M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 75902K106 | RM | REGIONAL MGMT CORP | $42.3M | 18.7% | 1,085,098 | Common | SOLE |
| 57637H103 | MCFT | MASTERCRAFT BOAT HLDGS INC | $38.7M | 17.1% | 1,802,975 | Common | SOLE |
| 442487401 | HOV | HOVNANIAN ENTERPRISES INC | $31.3M | 13.8% | 243,357 | Common | SOLE |
| 600544100 | MLKN | MILLERKNOLL INC | $26.0M | 11.5% | 1,466,841 | Common | SOLE |
| 46571Y107 | IIIV | I3 VERTICALS INC | $21.6M | 9.52% | 665,000 | Common | SOLE |
| 92663R105 | VMD | VIEMED HEALTHCARE INC | $18.6M | 8.20% | 2,736,472 | Common | SOLE |
| 781846209 | RUSHA | RUSH ENTERPRISES INC | $12.8M | 5.66% | 239,822 | Common | SOLE |
| 68376D104 | OPRT | OPORTUN FINL CORP | $12.1M | 5.33% | 1,957,588 | Common | SOLE |
| 74880P104 | QIPT | QUIPT HOME MEDICAL CORP | $11.0M | 4.84% | 4,199,562 | Common | SOLE |
| 46005L101 | IMXI | INTERNATIONAL MNY EXPRESS IN | $10.1M | 4.46% | 723,965 | Common | SOLE |
| 366505105 | GTX | GARRETT MOTION INC | $2.3M | 1.00% | 166,095 | 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.