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Forager Capital Management, LLC

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13F filer, CIK 1802986, BIRMINGHAM, AL

Forager Capital Management, LLC reported $202,111,871 across 11 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 96.87% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-25-001192

Period
2025-03-31
Reported value
$202M
Holdings
11
Top 10 weight
96.87%
New
0
Sold out
2

Part of the filer group Forager Capital Management, LLC

  • Forager Fund, L.P.
  • Kissel Edward Urban
  • MacArthur Robert Symmes
How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
WLDNadded+191,945$7.82M
IMXIadded+350,000$4.42M
HOVadded+13,604$1.42M
VMDadded+188,304$1.37M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
GTXreduced-975,000-$8.16M
RMreduced-187,076-$5.63M
CVGIexited-1,937,099-$4.8M
CCSexited-48,811-$3.58M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001420506-25-001192, largest first. % of portfolio is the value over $202,111,871, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
MCFTMASTERCRAFT BOAT HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,697,695 shares; 2024Q4: 1,697,695 shares; 2025Q1: 1,697,695 shares 1,697,695$29.2M14.46%0Timeline
RMREGIONAL MGMT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,086,102 shares; 2024Q4: 1,086,102 shares; 2025Q1: 899,026 shares 899,026$27.1M13.39%-187,076Timeline
WLDNWILLDAN GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 803,209 shares; 2024Q4: 440,439 shares; 2025Q1: 632,384 shares 632,384$25.8M12.74%+191,945Timeline
MLKNMILLERKNOLL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 953,841 shares; 2024Q4: 1,181,841 shares; 2025Q1: 1,181,841 shares 1,181,841$22.6M11.19%0Timeline
HOVHOVNANIAN ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 117,000 shares; 2024Q4: 189,068 shares; 2025Q1: 202,672 shares 202,672$21.2M10.5%+13,604Timeline
IIIVI3 VERTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 765,000 shares; 2025Q1: 765,000 shares 765,000$18.9M9.34%02026-09-01, 13G: 1,106,474 shares, 6.1% of the class, 13G filed 2026-09-30 Timeline
IMXIINTERNATIONAL MONEY EXPRESSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,221,174 shares; 2024Q4: 1,141,174 shares; 2025Q1: 1,491,174 shares 1,491,174$18.8M9.31%+350,000Timeline
VMDVIEMED HEALTHCARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,717,488 shares; 2024Q4: 1,717,498 shares; 2025Q1: 1,905,802 shares 1,905,802$13.9M6.86%+188,304Timeline
QIPTQUIPT HOME MED CORP COM (CAN)Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,192,562 shares; 2024Q4: 4,199,562 shares; 2025Q1: 4,199,562 shares 4,199,562$9.78M4.84%0Timeline
RUSHARUSH ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 448,089 shares; 2024Q4: 159,822 shares; 2025Q1: 159,822 shares 159,822$8.54M4.22%0Timeline
GTXGARRETT MOTION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,731,095 shares; 2024Q4: 1,731,095 shares; 2025Q1: 756,095 shares 756,095$6.33M3.13%-975,000Timeline

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
CVGICOMMERCIAL VEH GROUP INC1,937,099$4.8Mshares
CCSCENTURY COMMUNITIES INC48,811$3.58Mshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001420506-25-001192 base2025-05-15acceptance time not in the bulk data set