Q4 2025 · 13F-HR
Forager Capital Management, LLCholdings as filed
Filed 2026-02-17 · accession 0001420506-26-000509
$220.9M
Reported value
11
Positions
2025-12-31
Period end
The Brief · Forager Capital Management, LLC · Q4 2025
AI · grounded in 13F
Forager Capital Management, LLC established a new position in RPAY valued at $14.57M. The fund also increased its holdings in OPRT by 21.58% and MLKN by 6.48%. Conversely, the manager closed its entire position in GTX, resulting in a decrease of $2.26M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 75902K106 | RM | REGIONAL MGMT CORP | $42.0M | 19.0% | 1,085,098 | Common | SOLE |
| 57637H103 | MCFT | MASTERCRAFT BOAT HLDGS INC | $32.1M | 14.5% | 1,699,118 | Common | SOLE |
| 600544100 | MLKN | MILLERKNOLL INC | $28.6M | 12.9% | 1,561,841 | Common | SOLE |
| 442487401 | HOV | HOVNANIAN ENTERPRISES INC | $23.1M | 10.4% | 236,315 | Common | SOLE |
| 92663R105 | VMD | VIEMED HEALTHCARE INC | $20.7M | 9.37% | 2,785,871 | Common | SOLE |
| 74880P104 | QIPT | QUIPT HOME MEDICAL CORP | $14.8M | 6.71% | 4,199,562 | Common | SOLE |
| 76029L100 | RPAY | REPAY HLDGS CORP | $14.6M | 6.60% | 3,990,726 | Common | SOLE |
| 46571Y107 | IIIV | I3 VERTICALS INC | $13.8M | 6.27% | 549,401 | Common | SOLE |
| 781846209 | RUSHA | RUSH ENTERPRISES INC | $12.9M | 5.86% | 239,822 | Common | SOLE |
| 68376D104 | OPRT | OPORTUN FINL CORP | $12.6M | 5.70% | 2,380,000 | Common | SOLE |
| 46005L101 | IMXI | INTERNATIONAL MNY EXPRESS IN | $5.6M | 2.55% | 366,174 | 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.